Marine & Protective Coatings. Bill McPherson

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1 Marine & Protective Coatings Bill McPherson

2 Marine and Protective Coatings Worldwide market leaders in Sales 975 mln 4,400 employees International Marine Coatings International Protective Coatings International Yacht Paints Akzo Nobel Aerospace Coatings Market value > 2.5 billion EUR >2 billion EUR >300 million EUR 220 million EUR Annual growth 5% >5% 3% >10%

3 Market & Products: Marine Coatings We lead the markets in antifoulings and ballast tank coatings. Superstructure and Topsides High performance cosmetics Cargo Holds Abrasion resistance Cargo Tanks Chemical resistance Decks Hard wearing Impact & Chemical Resistance Ballast Tanks Corrosion Resistance Underwater Hull Fouling Control

4 Market & Products: Protective Coatings We protect assets from aggressive conditions. Fire Protection Chartek passive fire protection Steelwork Anticorrosive products Cosmetic Finishes High performance cosmetics Storage Tanks Tank Lining Systems Underwater Structures Non-toxic Antifouling systems High Temperature resistant coatings

5 PC - Oil and Gas

6 PC - High Value Infrastructure focus

7 PC - Oil & Gas

8 Market & Products: Aerospace Coatings Civil and general aviation, military Specification driven Just-in-time delivery Customers: Airbus, Boeing, Lockheed, Air France, Delta Airlines 8 8

9 Market & Products: Yacht Coatings Antifoulings Topsides Fillers Interiors Customers: West Marine, Lürssen, plus a number of unique, prestigious projects 9

10 Markets & Products: Yacht Coatings Superyacht Pelorus

11 Marine & Protective Coatings: Market position Global No 1. in Marine, Protective, Yacht Coatings Share the lead position in Aerospace Coatings with PPG Combined markets share in Marine, Protective and Yacht: % Akzo Nobel Chugoku Jotun Hempel Sigma PPG RPM Sherwin Williams KCC Nippon Kansai

12 Marine & Protective Coatings - Strategy Creating Growth through Leadership Organic growth Focus on Asia, Central/Eastern Europe, Americas Innovation Developing products which add value to customers and ourselves Acquisitions Using opportunities for consolidation especially in Protective Coatings markets Improving productivity in developed markets Increasing EVA each year

13 Marine & Protective Coatings Operational Excellence We want to achieve operational excellence. We track every ship we paint. Intersleek won WWF recognition for environmental protection. We have recently won awards for Airbus, Cessna, US Military.

14 Growth opportunities Organic Growth Protective Coatings High oil and gas prices boost investments in offshore and onshore facilities Big expansions in high value infrastructure Wind turbines market at 30% growth p.a. Yacht Coatings Strong brand recognition allows for expansion into new product and geographic areas Aerospace Market has recovered strongly since 9/11/2001 Annual growth > 10%, highest in Asia, particularly China

15 Growth opportunities Some customers buy from us in more than one market segment.

16 Growth opportunities Successful innovations Interchar: Protective fire coating for steel constructions SRS: Our easily removable system minimizes maintenance downtime

17 Growth opportunities Acquisition Complementary to organic growth Focused approach Strategic fit Reasonable price Example: U.S. Paint / NOF (2002) Yacht paint in the U.S. Aerospace coatings for corporate jet segment Strong brand

18 Growth opportunities We have other growth opportunities Still room for consolidation Environmental legislation favors large global players Some customers want a cradle-to-grave service

19 Outlook How we see the future We serve growing markets. We have loyal and profitable customers. We have some great innovations. This is an exciting business!

20 Fit For the Future

21 Back-up slides Back-up

22 Copper/Zinc Cost Development (USD per tonne) mrt-05 mei-05 jul-05 sep-05 nov-05 jan-06 mrt-06 mei-06 Zinc Copper jan-05