3Q 2022 Results

PROACTIVELY NAVIGATING EVOLVING MARKET DYNAMICS Packaging Infrastructure Consumer Mobility Current snapshot of end-market demand by region Source: Based on internal and third-party markers NAA LAA EMEAI APAC (excl. China) China 2023 4Q22 BUSINESS & OPERATIONAL ACTIONS ✓ Maintain 15% reduction in capacity across polyethylene assets; prioritizing higher-margin functional polymers ✓ Capture fixed cost and energy savings via global cold furnace idling program for crackers Operational mitigation plans will remain in place across European assets for regional reduced gas consumption of >15% ✓ Reduce operating rates across polyurethane assets in Europe to mitigate high energy costs while matching demand ✓ ✓ Continuing to idle assets across PM&C for 2-6 weeks to manage cost and match demand Ongoing focus to improve marine-packed cargo logistics in the U.S. Gulf Coast Additional actions focused on production optimization, turnaround spending, and reductions in purchased services; playbook of actions with potential to deliver more than $1B in cost savings Taking disciplined actions while leveraging global scale, advantaged feedstock and derivative flexibility DOW 5

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