Dow Inc. (DOW) Presents At Morgan Stanley’s 13th Annual Laguna Conference Transcript

Vincent Andrews
Managing Director

Thank you, and good morning, everyone, or good afternoon, if you’re on the East Coast. Next, we have Dow, and we’re pleased to have Jim Fitterling, the CEO of Dow, with us today. I’m going to read some disclosures first and invite you to see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. And if you have any questions, please reach out to your Morgan Stanley sales representative.

I’m also going to let you know if you don’t already know that there are some slides on the Dow website on the Investor Relations section of the site that you can refer to during this fireside chat. And I think Jim is going to make some prepared — some opening remarks and address those slides. So I’ll turn it over to you, Jim. Thank you.

James Fitterling
Chairman & CEO

Yes. Good morning, Vincent. Thank you, and welcome, everybody. Thanks for being here. Before we get into Q&A, I’d like to share some insights as it relates to our key end markets as well as some of the progress that we’re making on our near-term actions since earnings. This includes our cost reduction activities, acting with our proven best owner mindset, adjusting our CapEx spending for the year and the protection and improvement of our margins as we navigate the prolonged industry downturn.

If you look at Slide 2 on that deck that Vincent mentioned, as we head into the back half of the year, our view of the global economy remains relatively consistent with what we’ve seen for the last few quarters. Many of