Merrill Lynch Agrochemicals Conference

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  • 1. Jerome Peribere President and CEO Dow AgroSciences Merrill Lynch Agrochemicals Conference June 5, 2008 Trademark of The Dow Chemical Company
  • 2. Commodity Prices Buoyed by Strong Demand Trading volatility since 2006 2 JP: June 5, 2008 Trademark of The Dow Chemical Company
  • 3. Dow AgroSciences Growth Ahead of Market Trend $Billion Sales 6% CAGR $4.0 $3.5 $3.0 $2.5 $2.0 2001 2003 2005 2007 23% CAGR $Million EBIT* $600 $500 $400 $300 $200 $100 $0 2001 2003 2005 2007 *Non-GAAP financial measure, excludes certain items 3 JP: June 5, 2008 Trademark of The Dow Chemical Company
  • 4. Outstanding Momentum Continued in First Quarter Sales EBIT* $Million $Billion 27% Growth 17% Growth 1.4 350 1.2 300 1.0 0.8 250 0.6 0.4 200 0.2 0.0 150 1Q07 1Q08 1Q07 1Q08 All-Time Record Quarter Sales and EBIT Strong Volume Growth in all Geographies Growth in Local Pricing 4 JP: June 5, 2008 *See www.dow.com for reconciliation of Non-GAAP financial measure Trademark of The Dow Chemical Company
  • 5. Investment Drives Growth and Returns Growth 2001-2010 2001-07 CAGR Goal Actual CAGR Ag Chem Pipeline 5% 6% SALES CAGR $1 Billion Corn Business 2% 1% SARD CAGR Technology 16% 23% Leadership EBIT* CAGR *Non-GAAP financial measure, excludes certain items 5 JP: June 5, 2008 Trademark of The Dow Chemical Company
  • 6. Ag Chem Pipeline is Robust Ag Chem Pipeline Extending green insecticides Growth Resistance Growth Components breakers - New Product Launches Ag Chem Pipeline - Segmentation Filling needs unmet by $1 Billion Corn Business biotechnology Excellent Technology combination Leadership partners 6 JP: June 5, 2008 Trademark of The Dow Chemical Company
  • 7. Pipeline Builds and Expands Agricultural Chemicals Success Ag Chem Pipeline Aminopyralid Pyroxsulam Spinetoram New Insecticide New Resistance Replace and Patented/ Extends green broad-spectrum 1 insecticides breaker expand strategy cereal herbicide Generic Balance To be Registered in 4 Excellent fit Geographic Registered in countries; many Global potential 2 globally Balance others to follow 45 countries Fits growing need Pastures/ Excellent Opens new Portfolio unmet by Cereals/ combination 3 market space Breadth biotechnology Oilseed rape partner Expedited Launches Launching Launched in 2007, 4 Future Pipeline Timeline continue in 2008 2008 continues in 2008 Maturity Sales Maturity Sales Maturity Sales For large (>$2B) Channel 5 >$300MM >$170MM >$100MM market segment Strength 7 JP: June 5, 2008 Trademark of The Dow Chemical Company
  • 8. Segmentation Enables Growth as Market Moves to Our New Product Space