March 2017

About UnivarOur Business

2

Nine Decades Building a Strong Network of

Assets and Expertise

1920 ‘30 ‘40 ‘50 ‘60 ‘70 ‘80 ‘90 2000 ‘10

Founded in 1924,

trading naval supplies,

paint, raw materials, &

cotton linters

Diversified,

expanding into

laundry supply

and industrial

chemicals

Merged with

United Pacific

Corporation

Extended reach in

Canada through McArthur

Chemical acquisition

Launched

ChemCare

Acquired McKesson

Chemical to become

North America’s

largest chemical

distributor

Invested in talent

development and

global IT systems

Acquired Ellis &

Everard and

CHEMCENTRAL

Grew

internationally

Launched

ChemPoint.com

Acquired BCS,

Quaron, Arinos,

Magnablend and

Quimicompuestos

Extended global

reach, scale and key

capabilities

$1M $2M $25M $100M $200M$850M

$1B

$3B

$8B

$10B

Univar is a Leading Global Chemical Distributor

#2 Globally1 #1 in North America #2 in Europe

Brenntag

Nexeo

Top 3 12.5%

~USD $212bn

Brenntag

Nexeo

Top 3 39.0%

~USD $39bn

Brenntag

Azelis

Top 3 17.5%

~USD $55bn

Leading global market position in highly fragmented industry

22

19.3 %

10.4 %

9.3 %

10.4 %

4.2 %

2.9 %

5.9 %

4.7 %

1.9 %

Market Size and Share Estimates

Our Business: Areas to Drive Growth

Geographic• Build on Clear # 1 positions – N. America (US, Canada, Mexico),

UK

• Step-change Brazil, China

Focused

Business

Units

• IC - Industrial Chemicals

– CASE (coatings/adhesives/sealants/elastomers)

– Chemical Manufacturing

– Food Ingredients

– HIC (household and industrial cleaners)

– Pharmaceuticals

– Personal Care

– Water Treatment

• Oil & Gas

• BCS (NaOH, HCl, Sulfuric, Bleach, SBS, KOH)

• Ag and Environmental Sciences (Pest Control)

Related

Innovative

Services

• Magnablend (specialty product blending)

• MiniBulk (on-site tanks, automatic monitoring/refill)

• ChemCare (chemical waste management)

• ChemPoint (digital enabled outsourced marketing/sales)

$6.4B sales

(15%)

(14%)

(10%)

(10%)

(7%)

(6%)

(6%)

$2.3B sales

$0.9B sales

$0.9B sales

Univar Oil & GasBackground

6

Key Facts

› Business unit established April 2013

› Global HQ in Houston

› Global sales $2.3 BN

› 800 employees

› 28 dedicated facilities in North America

› Operations in Europe, West Africa, and Middle East

› Magnablend toll manufacturing acquired December 2012

› Will expand into Southeast Asia and Russia in 2015

7

Safety Performance

8

1.76

2.65 2.63

2.37

2.01

2.542.33 2.32

2.462.31

2.071.95 1.86

1.491.31

0

1

2

3

4

5

6

Injuries TCIR Rate

Univar North America OGM Locations

26 Dedicated Facilities

• Anchorage, AK

• Borger, TX

• Casper, WY

• Corpus Christi, TX

• Dickinson, ND

• Mesquite, TX

• Odessa, TX (2)

• Oklahoma City, OK

• Rock Springs, WY

• Von Ormy, TX

• Williston, ND –

liquid/powder

blending

• Everson, PA -

blending

• Alice, TX –

liquid/powder

blending

• Mills, WY –

liquid/powder

blending

• Waxahachie (3) –

liquid/powder

blending

• Harlingen, TX

• Hobbs, NM –

liquid/powder

blending

• Denver, CO

• Lafayette, LA

• Carlin, NV

• Farmington, NM

• Elmendorf, TX

• Cheyenne, WY

9

Global OG&M ExpansionOG&M is positioning to grow with key customers into new

geographies

Phase III

Phase II

Phase I

Current

Focus:

Canada, U.S.A., Mexico,

Europe, Middle East

2014 /

2015

Growth:

Saudi Arabia, Argentina,

Brazil, Southeast Asia, China,

Angola, Alaska

2016+: Russia, Caspian

Univar – Oil and Gas Value propositionIndustry leader in safety and product stewardship

Fully integrated oil and gas industry service provider

› Upstream

› Midstream

› Downstream

Facilitation / logistics footprint

› Dedicated facilities, resources and transportation

Service and agility

› On time, in full delivery – reduced lead times

› Contingency response: 24 hours, 7 days

› Well site, off-shore delivery capabilities

› Turnaround and waste management (ChemCare®)

services

Solution-driven

› Organization — industry alignment

- Technical services — dedicated tech specialists,

sample analysis, modeling, simulation & design

- Account management, customer service, sourcing,

supply chain / logistics, operations – regulatory

compliance

Comprehensive product & supplier portfolio

Complexity reduction

› Simplified and consolidated supplier

spend management

› Total cost of ownership

Valued-added service offering

› Magnablend

› DMI

› Solvents blending

› ChemCare

› MiniBulk

Technology innovation

› State-of-the-art Technology Lab

› Chemical experts to help select, test,

and develop the right chemistry to

maximize performance

› Quality assurance

11

Univar Oil & Gas

Service Offerings

12

Oil, Gas, & Mining Leadership

Chris Oversby –

President

Gabrielle Jones –

Director, HR

Brian Banerdt

– VP,

Operations

Kelly O’Hanlon –

VP, Finance

Chris McAfee –

Dir. Field Sales

Jason Miller – VP,

Mid/Downstream

Alison Jahn –

Dir. Marketing

Comms.

Paul Voorhout–

VP, EMEA

13

Zissis Pappas –

VP, Upstream

Dr. Mani Ramesh

– EVP, Business

Development

Sam Sutherland

– VP, Mining

Lottie Elwood –

Dir. DMI

Peter Gupta– VP,

OGM Canada

Ignacio Torres –

Director, Mexico

Univar Oil & GasUpstream

14

Why Univar Upstream?

With more than 300 facilities globally, our offering spans the entire scope of

the oil and gas industry, from worry-free, just-in-time deliveries, to in-depth

product analysis.

› We leverage our size and scale to deliver top-of-the line products at better

price points

› Strategically located facilities and expansive footprint meet the increasing

demands of the rapidly growing global Oil & Gas industry

› State-of-the-art Technology Lab and chemical experts can help select, test,

and develop the right chemistry to maximize performance

› Innovative, customized service solutions create cost and operational

efficiencies from the warehouse to the wellsite, and all points in between.

15

16

Your Total Chemistry Solution & Services› Customer service excellence

• Comprehensive geographic footprint

• 24/7/365 Customer service

• Manufacture and deliver the product where needed and when needed

› Full suite of specialty and commodity chemicals• Consistent and high quality specialty chemicals

› Full suite of services:• Toll blending

• Custom blending

• Packaging

› Commercial manufacturing capabilities• Liquid blending

• Powder blending

• Suspensions

› R&D & Technical Sales Support and consultation capabilities

17

Steering Team

• Strategy Development

• Start, Stop, Continue Discipline

• Monthly Contact, Quarterly Reviews

Performance Team

• KPI evaluation

• Problem Resolution

• Weekly Contact

Operations Team

• Transaction Management

• Contingency Response

• Daily Contact

Core Benefits /DMI Model

› Ratable and predictable stocking

› Mutual forecasting and planning of

inventory

› Committed partnership approach with

KPI’s to drive success

› Continuous improvement as your project

grows

› Pricing structure that includes:

• Transparent pricing on established products

• Proactive price comparison on commodities

• Market projections and forecasts based on

Univar experience

Firewalls Ensure Business Integrity

› Dedicated service model, includes:

- Account Director

- Establishes KPIs

- Has ultimate accountability

- Warehousing and storage areas

- Buyers

- Accounting and invoicing

17

Mobile Asset Solutions

18

› Field delivery and service

› Oilfield class tractors and trailers• Stainless tankers

• Lined and FRP tankers

• Flat beds

• Vans

• Pumps and meters

• Experienced operators

› Remote storage options• TransTank TM

• ISO Container leasing

• Mini-Bulk

• Totes

• Slurry or chemical tank installations

• Heating

• Recirculation

› Field sales and service coordinators

Location Whse Total Sq. Ft Total Tanks Tank Capacity (Gal)

Pittsburgh, PA 60,000 27 1,438,000

Denver, CO 60,000 60 729,000

Anchorage, AK 30,444 40 620,000

Casper, WY 8,028 22 374,000

Farmington, NM 8,120 21 344,200

Rock Springs, WY 9,000 24 325,600

Odessa Lark, TX 37,400 27 316,400

Borger, TX 23,166 19 304,400

Mesquite, TX 86,000 37 218,250

Oklahoma City, OK 6,840 27 157,000

Lafayette, LA 53,000 33 125,000

Von Ormy, TX 39,028 8 125,000

Altoona, PA 29,000 8 76,000

Dickinson, ND 21,000 3 75,000

Corpus Christi, TX 20,250 2 40,000

Oil Gas & Mining Capacities: Univar

Oil Gas & Mining Capacities: Magnablend

Location Blend TanksBlend Tank

Capacity (Gal)<1k Gal Blends >6k Gal Blends

Waxahachie, TX

(Liquid)29 147,090 Yes Yes

Waxahachie, TX 13 66,840 Yes Yes

Waxahachie, TX

(Dry)3 9,940 No No

Everson, PA 8 50,290 Yes Yes

Cheyenne, WY 3 30,000 No Yes

Hobbs, NM 5 29,700 No Yes

Alice, TX 5 27,800 No No

Williston, ND 4 25,000 No Yes

Mills, WY 3 14,600 No No

Univar Oil & GasMid/Downstream

21

Univar Oil & Gas Supply Model

Upstream

E&P

Offshore

Drilling, Completion

Oilfield Compounding

Midstream

Processing

Transmission

Pipeline

Compressor Station

Downstream

Refining

Petrochemical

May 31, 2017Univar Customer

Univar Supplier

Refinery Process Chemicals

Ammonia

Bleach (Sodium Hypochlorite)

Calcium Hypochlorite

Caustic Potash/KOH (Potassium Hydroxide)

Caustic Soda (Sodium Hydroxide)

Amines:

› DEA (Diethanolamine)

› DIPA (Diisopropanolamine)

› MEA (Monoethanolamine)

› MDEA (Methyldiethanolamine)

Glycols:

› EG (Ethylene Glycol)

› PG (Propylene Glycol)

› TTEG (Tetraethylene Glycol)

› TEG (Triethylene Glycol)

Hydrochloric Acid

Hydrogen Peroxide

IPA (Isopropyl Alcohol)

Lime (Calcium Hydroxide)

Methanol

Perc (Perchloroethylene)

Phosphoric Acid

Road Salt:

› Calcium Chloride

› Sodium Chloride

Soda Ash (Sodium Carbonate)

Sulfolane

Sulfuric Acid

Waste Disposal (ChemCare)

Refinery Products by Unit

Alkylation Unit

› Activated Alumina

› Caustic Soda, KOH, Sulfuric

› Molecular Sieve

Amine Plant

› Activated Carbon

› Antifoams

› DEA, MEA, MDEA

› UCARSOL

Aromatics

› Sulfolane

› TTEG

Catalytic Reformer

› Chloride Guards

› Perchloroethylene

› Silica Gel

› Sulfur Guards

Coker

› Antifoams

› Silica Guards

Hydrocracker

› AFS topping material

› Chloride Guards

› Sulfur Guards

Hydrogen Plant

› Activated Carbon

› Amines

› Desulfurization

› Desulfurization Catalyst

› High/Low Temp Shift Catalyst

› Methanation Catalyst

› Pre-reformer Catalyst

› Reforming Catalyst

› Support Balls

Refinery Products by Unit cont’d

Hydrotreaters

› Activated Carbon

› Amine

› dP Mitigation Topping

› Sulfiding agent

› Sulfur Guards

› Support Balls

Isomerization Unit

› Chloride Guards

› Molecular Sieve

› Perchloroethylene

› Sulfur Guards

PSA

› Activated Alumina

› Activated Carbon

› Molecular Sieve

› Silica Gel

Sulfur Plant

› Active Support

› Claus Catalyst

Tail Gas Unit

› MDEA

› Tail Gas Catalyst

› UCARSOL®

May 31, 2017

Compressor Stations

Products Used

-Heat Transfer Fluids

-Lubes/Oils

-TEG (Larger Stations)

May 31, 2017

26

Gas Processing Plants

Products Used

-Amines

-Activated Carbon

-TEG

-Molecular Sieve

-Methanol

-Heat Transfer Fluids

May 31, 2017

27

Gas Processing Plants (continued)

Raw Gas

from

Gathering Phase Separation

Solids H2O HC

Amine Treating

Liquid Sulfur

Sulfur Recovery

Unit

CO2 Vent

Compression

NGL RecoveryDehydration

H2O

Natural Gas

to Pipeline

Natural Gas Liquids

or H2S

› Technical Resources

• Analytical Testing (SMR TWT (Tube Wall Temp) Survey, Feed Sulfur

Analysis)

• Laboratory Testing (Amines, Heat Transfer Fluids, Glycols, Lubricants,

Spent Adsorbent/Catalyst)

• Process Improvement (Bed Designs, Product Combinations,

Simulation/Modeling)

• Troubleshooting

› Close working relationship with our supplier’s technical department

› Vessel loading and turnaround services

› Wide array of products & services with comprehensive support and

analysis of our customer’s entire application versus a single

product line focus of many of our competitors

› Products with unique benefits

Value-Added Oil & Gas Products & Services

ChemCare is Univar

ChemCare is a value-added service to Univar’s industrial chemical

business.

› ChemCare is a service facilitator; not a TSDF & not a broker.

› ChemCare’s market share has steadily increased since its launch in 1989.

› We rank in the top 15 for Total Revenues for all national waste disposal

companies.

Currently partnering with 23 TSD companies with a network of over 123

disposal facilities nationwide.

› Each location is routinely audited for environmental stewardship, safety and

under goes an annual financial review.

› Only ship wastes to customers approved facilities

30

› Cost Containment - Lowest “Total Cost” Supplier

• Optimized Delivery Mode & Product Package

• Multiple warehouses and storage locations

• Deep sea and barge terminals provide low-cost sourcing options

• Univar-owned fleet of trucks and railcars ensures delivery

• Consolidated Invoicing

• Univar’s e-Commerce - 24/7 ordering and product information

› Safety Training – Operations, Non-Operations

› Contingency Response

• Univar’s disaster recovery and response plans

• Reliability of Supply - Multiple Sources & Multiple Stocking Locations

• Logistical network - Univar’s system of backup locations

• Preparation – Regular mock drills

› Technical Support for a Wide-Range of Quality Assured Products

Why Univar Mid/Downstream?

AppendixUpstream Product Portfolio

33

Fluid Loss Control Additives› Cellulosic based for low Temperatures

› Synthetics based for high Temperatures

Cement Dispersants/Friction

Reducers› PolyNaphtalene Sulfonate (PNS)

› Acetone Sulfonated Formaldehyde

› Melamine based condensate

Cement Set-Time control› Retarders

- Na. Lignosulfonate

- Organic Acids

› Accelerators- Na. Silicate

- K. Silicate

- Na. Meta Silicate (SMS)

Free Water Control/Cement

Suspension Agents› High Mw Cellulosic

› Xanthan/Slurries

› Silicates

› Bentonite

Gas Migration Control Additives› AMPS Co-polymer

Lost Circulation Control Additives

› Cellophane flakes (Univar)

› Formica flake (Univar)

› Acrylate copolymers Fibers

MAGNABLEND OIL-WELL CEMENT ADDITIVES

MAGNABLEND OIL-WELL CEMENT ADDITIVES

Foam Control Additives

› Antifoams

› Defoamers

- Polyglycol

- Fatty Alcohol

- Silicone

- Powder

Spacer & Flushes

› Powder: Organics mixture

› TFC: Cleaner

Silica fumed

› Microsilica

Salts

› CaCl2, NaCl, KCl (Univar)

Cement Strengthening Agents

› Acrylate copolymers Fibers

Light Weight Additives

› Hallow spheres

› Fly Ash

› Pozzolyn

Heavy Weight Additives

› Barite (Univar)

› Hematite (Univar)

Acids – HCl (Univar)

Gelling agents

Cross-linkers

Breakers

Biocides

Clay control

Scale Inhibitors

Friction reducers

Surfactants

Foaming agents

Fluid loss / diverting agents (if necessary)

Magnablend Water-Based Frac Fluid Additives

Gelling Agents

› FHHV Guar Slurries- 4.0 & 4.5 lbs/gal loading slurries

- Regular and Premium quality guars

› CMC Slurries (4.0 lbs/gal)

Gel Stabilizers

› 30% Sodium Thiosulfate

› 85% Tri-EthanolAmine

Clay Control/Stabilizers› Temporary clay control

- Choline Chloride: 50% and 70% solutions

- TMAC: 50% solution

- Specially formulated KCl replacement

› Permanent Clay Control/Stabilizer

- Offer various low molecular weight

branched cationic polyamine stabilizers

Magnablend Water-Based Frac Fluid Additives

Crosslinkers› Borate Crosslinkers

- Instant/Surface Cross-linkers (Solutions

of various concentrations)

- Delayed Crosslinkers› Aqueous & Mineral oil

dispersions/suspensions

› Polymer/clay free emulsions

› Zirconate crosslinkers- Delayed Crosslinking Additives

Breakers› Oxidizers

- Liquid Chlorites› Chlorites breaker activator

- Sodium and Ammonium Persulfate

› Encapsulated Breakers- Ammonium Persulfate

› Enzyme

Magnablend Water-Based Frac Fluid Additives

Buffers/pH Adjusters› Low pH Adjusters or True Buffers

- 40-60% Acetic Acid as Hydration Aid

- Ammonium Acetate Buffer (~pH 5)

- Ammonium Formate Buffer (~pH 4)

› High pH Adjusters, True Buffers, or

Combos:

- 20-30% NaOH & KOH (can be blended to

desired concentration)

- Potassium Carbonate or Potassium

Carbonate / KOH Blend

Biocides› Glutaraldehyde

› DBNPA

› Dazomet

Friction Reducers

› Anionic FRs for freshwater and mid to

high TDS with low hardness

› Anionic or Cationic FRs for high TDS

with high hardness

› Cationic FRs for acid compatibility

Scale Inhibitors (low MW polyacrylate, DTPMP

phosphonate blends)

› CSI-7/7W: High Conc. WS liquid

inhibitor

› CSI-9/9W: WS liquid scale inhibitor

› CSI-12: Low Conc. WS liquid scale

inhibitor

Magnablend Water-Based Frac Fluid Additives

Surfactants› Non-Emulsifiers

› Mutual Solvents

› MicroEmulsions

› Load recovery surfactant/Flowback aid enhancers

Torque Reducing agents/Lubricants› EsterGlide - Oil based

› AquaGlide - Water

› NanoGlide - Water based with unique nanoparticles

Cleaners

› Pump flush

› Tubing and formation cleaning

Univar Commodity Products

› Ammonium Persulfate

› Calcium Chloride

› Caustic Potash

› Ethylene Glycol

› Hydrochloric Acid

› Methanol

› Monoethanolamine

› Potassium Hydroxide

› Propylene Glycol

› Sodium Bicarbonate

› Sodium Hypochlorite

› Sodium Thiosulfate

› Thioglycolic Acid

› Triethanolamine