GCP Applied Technologies

June 2017

©2017 GCP Applied Technologies Inc.

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This document contains, and our other public communications may contain, forward-looking statements, that is, information relatedto future, not past, events. Such statements generally include the words "believes," "plans," "intends," "targets," "will," "expects,""suggests," "anticipates," "outlook," "continues" or similar expressions. Forward-looking statements include, without limitation,statements about proposed transactions and the anticipated timing thereof; expected financial positions; results of operations; cashflows; financing plans; business strategy; operating plans; capital and other expenditures; competitive positions; growthopportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets forsecurities. Like other businesses, we are subject to risks and uncertainties that could cause our actual results to differ materiallyfrom our projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual eventsto materially differ from those contained in the forward-looking statements include, without limitation: the possibility that a transactionwill not be completed, or if completed, not completed in the expected timeframe, and the potential that the expected strategicbenefits or opportunities from a transaction may not be realized, or may take longer to realize than expected; risks related to foreignoperations, especially in emerging regions; the cost and availability of raw materials and energy; the effectiveness of GCP'sresearch and development and growth investments; acquisitions and divestitures of assets and gains and losses from dispositions;developments affecting GCP’s outstanding indebtedness; developments affecting GCP's funded and unfunded pension obligations;GCP's legal and environmental proceedings; uncertainties related to the Company’s ability to realize the anticipated benefits of thespin-off / separation from W.R. Grace; the inability to establish or maintain certain business relationships and relationships withcustomers and suppliers or the inability to retain key personnel; costs of compliance with environmental regulation and those factorsset forth in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which have beenfiled with the Securities and Exchange Commission ("SEC") and are available on the Internet at www.sec.gov. Our reported resultsshould not be considered as an indication of our future performance. Readers are cautioned not to place undue reliance on ourprojections and forward-looking statements, which speak only as of the date thereof. We undertake no obligation to publicly releaseany revisions to the projections and forward-looking statements contained in this document, or to update them to reflect events orcircumstances occurring after the date of this document.

Non-GAAP Financial MeasuresThese slides contain certain “non-GAAP financial measures”. Please refer to the Appendix for definition of the non-GAAP financialmeasures used herein and a reconciliation of those non-GAAP financial measures to their most comparable GAAP measures.

Forward Looking Statements

GCP Simplifies Complex Construction Challenges

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Innovation and category creation since 1935.…

…the next chapter for GCPCLARENA®KOVARA™ VERIFI®CONCERA™

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• Transforming to construction products technology company with emphasis on differentiated, high-performance products and services

• Capitalizing on formulation, selling capability and technical service expertise across diverse geographies

• Low capital intensity business serving a global customer base

• Growth programs are gaining traction

• Executing on bolt-on M&A strategy

GCP Applied Technologies: Transitioning to a Construction Products Technology Company

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Fundamentally Solid Macro Environment Supports Construction Growth

North America

49%

Latin America

7%

Europe, Middle East & Africa

21% Asia Pacific23%

Global business exposed to healthy GDP growth, expanding populations and increasing urbanization that create demand for affordable housing, commercial

structures and public infrastructure

% Total 2016 GCP Sales1:

12016 GCP sales (SCC and SBM) as a percent of total

GCP is Leveraged to Key Global Economic and Construction Trends

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Industry Trends How GCP CapitalizesUrbanization • Growing urban centers increase demand for specialty formulated

concrete and cement additives• New building construction drives sales of waterproofing, fire protection

and other specialty technologiesGrowing Global Population • Growing populations in developing markets expected to accelerate new

construction buildGrowth in Construction Spending

• Strategically positioned to take advantage of global construction trends• As emerging markets develop, customers increasingly switch to high-

quality, engineered construction productsStringent Building Regulation • Regulatory pressure increases the need for fire protection, waterproofing

and quality requirements• Sales of cement additives and concrete admixtures that increase product

safetySustainability • Reduce emissions and conserve energy through environmentally friendly

products

GCP’s Broad Product Portfolio Positions Us Well to Benefit From Key Global Economic and Construction Trends

GCP ProductsConcrete Admixtures • Modify properties, reduce application cost and enhance performance of concrete

• Services that provide in-transit digital monitoring of material performance properties

Cement Additives • Formulated chemicals added to the milling stage of cement manufacturing to improve energyefficiency and enhance cement performance

Building Envelope • Sheet and liquid membrane systems to protect new and existing structures from water• Weather barrier products to manage air and vapor penetration for energy savings and durability

Residential • Roofing underlayment, flashing and weather barrier products

Specialty Products • Fire protection products used for new steel-frame construction• Specialty flooring products for surface protection• Chemical and cementitious grouts used for repair / renovation projects

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GCP’s Large and Growing Market Segments(1)(2)

1 GCP Applied Technologies internal estimates for market sizes for the period ended December, 31, 2016.2 2016 GCP sales for SCC and SBM.

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Bridge protection, highway repair, road demarcation & telecoms

Tunnels, car parks & deck waterproofing

Where GCP Delivers Value – High Performance Products In Key Construction ApplicationsPortfolio of market leading brands offers solutions for nearly every aspect of the built environment

GCP PRODUCT OVERVIEW

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Specialty Building Materials Segments

• Differentiated waterproofing membranes, air barriers

• Specialized Applications

• Liquid Waterproofing

• Mature & Emerging Markets

• Fire protection for steel-framed buildings

• Code driven, North American focus

• Betec specialized high performance grouts

• DeNeef repair & renovation for waterproofing

• Roofing underlayment

• Distributed throughout North America in specialty outlets and Big Box stores

Grow Through High-Value, Specified Applications and Distribution

Building Envelope

Fire Protection

Repair & Specialty Residential

• Specialty flooring products for moisture protection

• Contractor productivity

Flooring Products

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Stirling Lloyd

Product Portfolio

Brid

ges -

Road

Brid

ges -

Rail

Tunn

elin

g

Car P

arks

Wat

er C

onta

inm

ent

Stru

ctur

alW

P

Road

way

s

Roof

ing

Tele

com

Expa

nsio

n

Eliminator √ √ √

Integritank √ √ √ √

Integritank HF √

Decseal √ √

Safetrack √ √

Highway Joints √ √ √ √ √ √ √

Others (primer, Bridgemaster, bond layers) √ √ √ √ √ √ √

Doha Metro, Red Line South Stations

GCP’s Preprufe Plus (white)

Stirling Lloyd’s Liquid Waterproofing (tan color)

• Waterproofing membranes and coatings protecting infrastructure and buildings

• Opens new selling channels in specialized end-market applications; bridges, tunnels & car parks

• Deep customer relationships & product synergies with GCP

Example Collaboration – Doha, Qatar

Stirling Lloyd Eliminator® Application –bridge deck waterproofing

Decseal® Installation – waterproofing layer with a colored wearing surface

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22%

36%

42%

Below-grade Waterproofing

• Improved leak prevention through unique adhesive bond

• Specified on major projects throughout the world

• Preprufe Plus increases quality and contractor productivity

• Patented technology

The Premier Pre-Applied Waterproofing System

Below-grade Waterproofing Market

Asia Pacific

EMEA

Americas

Museum of Islamic Arts(Doha, Qatar)

The Morocco Mall(Casablanca, Morocco)

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Specialty Flooring

• Applied 3x faster than two-part epoxy membranes• Safe and clean for sensitive locations such as

healthcare and high tech facilities• Facilitates 4x quicker removal of flooring in the

future

Kovara™ protects floor covering installations from moisture and alkalinity emerging from concrete sub-floors.

Seam Tapes and ToolsResidential, commercial, and institutional carpet

installation

• Tapes sold through home centers (e.g. Home Depot) in addition to flooring distributors

• Full line of carpet installation tools

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Specialty Businesses

• Polyurethane resins for crack injections

• Ground stabilization and curtain grouting with PU, Acrylate, Organomineral and Silica/ Silicate based products

De Neef® Betec®

• Monokote® - the world's most widely specified spray applied cementitious fireproofing

• Growing in new specialty applications for petrochemical and tunnels

Fire Protection

• Specializing in flowable high-strength grouts for industrial and infrastructure applications

• Growth in new segments for wind turbine construction and specialty niche grouting applications

High-quality engineered cementitious grouts and mortars

Resin injections for leak sealing and ground stabilization

Spray applied fire protection for structural steel

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Project Selling Principles

Balcony• Betec® Cementitious Waterproofing• Procor® Liquid Waterproofing

Flat Deck• Bituthene® Post-applied

Waterproofing Membrane

• Betec Cementitious Waterproofing

• Procor Liquid Waterproofing

• Decorative Concrete

Substructure• Preprufe 300R Waterproofing

Membrane• MIRA® Mid-range Water Reducer• STRUX® Synthetic Macro Fibre

Roof• Grace Ice & Water Shield® Roofing

Underlayment• Tri-Flex® Roofing Underlayment

External Wall• ADVA® for Self-consolidating Concrete

Interior Floor• Decorative Concrete

Steel Structure• Monokote® Fireproofing

Wet Areas• Betec Cementitious Waterproofing

Swimming Pool• Betec

Cementitious Waterproofing

Lift Pit• Betec Cementitious

Waterproofing• Monokote Fireproofing

Substructure• Preprufe® 160R Pre-applied

Waterproofing Membrane• Bituthene Post-applied

Waterproofing Membrane• Procor Liquid Waterproofing• Hydroduct® Drainage Composites

The GCP Building Envelope

Technology Platforms

• Differentiated technology solutions

• Systems approach

• Command of local codes and construction practice

• Custom specifications and drawings

Value Drivers

Fireproofing

BiddingContractors

Geotech

Structural Engineer

Civil Engineer

General Contractor

Architect

Project Selling Competency

• Market/project intelligence throughout design and construction

• Executive selling to influencers and decision makers

• Project Tracking – CRM

• Consistent linkage throughout value chain

International Dimension

• Global designs with local execution

• Unique position to assure designers of correct implementation

• Leverage brand awareness

• Drive geographic expansion

Precast

Ground Works

Concrete

Client

Waterproofing

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InnovationTechnological

changes

Market dynamics

Customer trends

Economic drivers

Regulatory

What is in Store?

• Increasing Urbanization requires cities to maximize land use driving taller buildings and underground structures

• Maturing Emerging Markets & Aging Structures in Mature Markets improving construction practices, upgrading build quality

• Demand for Construction Speed opens opportunities for new technologies and project delivery methods

• Environmental focus creates increasing opportunities for energy savings and low impact products

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Specialty Construction Chemicals Segments

CementPrecast ShotcreteVerifi

• Global leadership in products and service

• Continued advancement in technologies for the industry

• Global footprint servicing the largest construction economies in the world

• Leaders in providing high performance admixtures and technical service

• Innovative products focused on durability, sustainability and ease of concrete placement

• “Intelligent and Connected” concrete management

• Increases the revenue opportunity per customer

• High value impact $/m3

• Adoption rates accelerating

Ready Mix

Leaders in providing intelligent and practical solutions to our customers

• Delivering increased value to the industry

• Introducing “Intelligent” technologies to our customers

• Enhancing our offerings in architectural and performance admixtures

• Complete set of customer solutions

• High value $/m3 with savings in placement

• Expanding capabilities and network globally

CBA®CONCERA™

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Continued Innovation Delivers Solutions And Savings To Our Customers

Verifi V4 Ready MixCONCERA admixture for high flow concrete

Verifi®V4

ShotcreteTYTRO® system

Precast, Architectural andAIRtrac™ measurement

ARCHITECTURAL PRECAST PORTFOLIO

Users: • Ready-mix concrete producers

Customers: • Multinational building materials companies, regional and local concrete producers

• Engineers and Contractors

NewProducts:

CONCERA™ for Control Flow Concrete• Segregation resistant high flow

concrete with conventional mix designs

• Higher value concrete enabling fast construction with lower placementand equipment expense

CLARENA® for Aggregate Management

• Solutions for material, operational and mix design optimization

• Reduces sensitivity to clay contamination in aggregates, improving workability and consistency of concrete performance

Products:

Ready-Mix Admixtures

Ponte Estaiada (Sao Paulo, Brazil)

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Users: • Ready-mix concrete producers

Customers: • Multinational and regionalbuilding material companies

• Specifiers and Engineers

ValueProposition:

• An advanced technology solution installed on the ready mix truck that monitors, measures and manages concrete and other properties while in transit

• Provides savings for producer• Operational efficiencies• Mix design optimizations• Commercial advantage

Products:

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The Internet of ThingsSensorsSignal ProcessingWireless CommunicationCloud Computing

Concrete Technology ExpertiseCement ChemistryConcrete TechnologyChemical Solutions

Verifi®

Users: • Precast/Prestressed and Masonry concrete producers

Customers: • Regional and local Precast/Prestressed and Masonry concrete producers

• Architects and Engineers

Performance: The GCP Air Management System to improve efficiency and quality

• AIRtrac, a sensor that measures and monitors the total air content and temperature of concrete, during mixing

• ADVA Cast 585, a high efficiency, superplasticizer formulated for the precast andprestressed industry whichprovides a superior air-void system

Products:

Precast ProductsPrecast Products

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Users: • Precast/Prestressed and Masonry concrete producers

• Architectural Concrete contractors

Customers: • Local or regional precast/prestressed companies

• Decorative Contractors• Ready-Mix producers• Engineers and Architects

Performance: • Specialized color, texture and appearance

• Improved operational efficiency

• Cost savings for producer

Products: • In-Form Surface Retarders• Release Agents• Finish ProtectionIn-Form Surface

Retarders

Sealers

ARCHITECTURAL PRECAST PORTFOLIO

Architectural Products

The Broad Museum (Los Angles, CA)

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Shotcrete ProductsUsers • Tunnel Contractors and Mine

Owners

Customers • Mine Owners and Tunnel Contractors

• Concrete Producers• Engineering Firms

ValueProposition

Complete admixture solution making underground shotcrete construction better, faster and less expensive than current available conventional systems • Mix Optimization• Shorter cycles times• Waste minimization

Key Products

› Superplasticizers –TYTRO® WR

› Retarders – TYTRO® HC

› Air Entraining – TYTRO® AE

› Rheology Control – TYTRO® RC

› Rheology Modifiers – TYTRO® RM

› Set Accelerators —TYTRO® SA

› Macro Fibers – STRUX® TYTRO® RCSTRUX ® TYTRO ® SA

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Users: • Cement manufacturers

Customers: • Multinational and regional building materials companies

Value Proposition:

• Increased use of fillers to minimize cost and environmental impacts

• Increase production• Lower production cost• Decrease CO2

emissions• Decrease energy

consumption

Products: • Grinding aids to reduce mill energy consumption

• Quality improvers to modify cement performance metrics

Cement Additives

HEA2® ESE®CBA® CustomizedSolutions

VERIFI®

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Facing The Mile in the Middle

The ready mix industry has a challenging business paradigm: The ready mix producer sends their concrete to be delivered to their customer with no visibility into concrete properties

Wait for Next Load Return to Plant

Leave Plant Drive to Job Wait at Job PourLoad

Previously unmet needs

• Aging Concrete• Chemical Overdosing• Concrete Over Design• Effect temperature• Returned Concrete• Excessive Revolutions

• Asset Utilization• Job Site Water Adds• Driver Utilization• Concrete Consistency • Inefficient Routing• Customer Wait Times

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In-Transit Concrete ManagementA category creating IoT technology that analyzes and adjusts the properties of concrete on every truck

Old Approach

New Approach

• Monitors: Reports in real time the location and status of each truck and its concrete

• Measures: Continuously measures the concrete slump / flow replacing the time consuming and imprecise manual test

• Manages: Adds water and/or chemical in transit so the truck arrives at the job site in spec and ready to discharge

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The Verifi® Solution

Combines data captured from mixer trucks with GCP expert analyses to enable improvements in the productivity, profitability and competitive advantage of the customer’s business• Reporting for all levels and disciplines in the organization detailing all aspects of ready mix

operations: driver behavior, batchman performance, concrete quality, material usage, and customer wait times

• Descriptive Analytics. Data streams, analyzed and synthesized by GCP consultants, drive enterprise success

LOAD DETAILS

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Ready Mix Company Impacts

• Productivityo Decreases haul timeo Provides detailed tracking of job site wait times

• Qualityo Eliminates the imprecision of manual testingo Reduces in QC personnel on job siteo Reduces rejected loads

• Material Savingso Decreases chemical admixture usage by 20% o Allows for improvement in mix designs reducing

cementitious material usage