other material
confidence medium
sentiment positive
materiality 0.75
Dow targets >$3B/yr EBITDA growth by 2030, $6.5B Path2Zero project underway
DOW INC.
- Cumulative FCF ~$22B since spin; average Op. ROIC ~12%, returned ~90% of net income.
- CapEx ≤ D&A; dividend target ~45% of net income; no debt maturities until 2027.
- Near-term growth investments added ~$800MM/yr mid-cycle EBITDA; targeting >$3B/yr incremental EBITDA by 2030.
- Fort Saskatchewan Path2Zero: $6.5B CapEx, ~$1B/yr EBITDA by 2030, operating ROIC >15%.
- Transform the Waste: commercialize 3MM MTA circular/renewable solutions, >$0.5B/yr EBITDA by ~2030.