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KOCH

INC.

Company Overview & Information Memorandum

CONFIDENTIAL | 2025

Creating a World of Opportunities | Wichita, Kansas

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Disclaimer & Confidentiality

This document has been prepared by Koch, Inc. (“Koch” or the “Company”) solely for informational purposes. The information contained herein is confidential and proprietary. By accepting this document, the recipient agrees to keep all information contained herein strictly confidential and to use it solely to evaluate a potential business relationship or investment with Koch.

The financial data, projections, and other forward-looking statements reflect management's current expectations and assumptions and are subject to various risks and uncertainties. Actual results may differ materially from those expressed or implied. Koch makes no representations or warranties, express or implied, regarding the accuracy, completeness, or fitness for any particular purpose of the information contained herein.

This document does not constitute an offer to sell or a solicitation of an offer to purchase any securities. Recipients should conduct their own independent investigation and analysis of Koch and the information contained herein. Koch reserves the right, in its sole discretion, to negotiate with one or more prospective investors and to enter into a definitive agreement without prior notice to other parties.

All revenue figures are based on publicly available estimates. As a privately held company, Koch does not publicly disclose audited financial statements.

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COMPANY OVERVIEW

Koch Inc. At A Glance

  • Founded in 1940 by Fred C. Koch, Koch Inc. has grown from a regional crude-oil gathering operation into one of the world's largest and most diversified privately held conglomerates
  • Headquartered in Wichita, Kansas, Koch operates across energy, chemicals, consumer products, manufacturing, technology, agriculture, and financial services
  • In June 2024, the company formally rebranded from Koch Industries, Inc. to Koch, Inc. to reflect its transformation into a technology-forward, multi-sector enterprise
  • Guided by Principle Based Management™ (PBM™), Koch fosters a culture of innovation, long-term value creation, and employee empowerment across all its subsidiaries
  • Since 2003, Koch companies have invested more than $168 billion in growth and operational improvements globally

$125B+

Annual Revenue (est.)

120,000

Global Employees

60+

Countries of Operation

14+

Major Subsidiaries

$168B+

Invested Since 2003

#2

Largest US Private Company

Key Subsidiaries: Georgia-Pacific · Flint Hills Resources · INVISTA · Molex · Guardian Industries · Infor · Koch Ag & Energy Solutions · KBX · Phillips Medisize

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COMPANY OVERVIEW

Koch: Eight Decades of Growth & Transformation

1940

Founded

Fred C. Koch establishes Wood River Oil & Refining Co. in Wichita, Kansas, after developing an innovative crude oil refining process

1967

Charles Koch Takes Helm

Charles Koch assumes leadership as CEO; begins diversifying beyond oil refining into chemicals, minerals, and commodity trading

2004

INVISTA Acquisition

Koch acquires INVISTA from DuPont for $4.2B — gaining Lycra®, Stainmaster®, Coolmax® and a global fibers & polymers platform

2005

Georgia-Pacific Acquisition

Koch completes the landmark $21B acquisition of Georgia-Pacific, adding tissue, pulp, paper and building products to its portfolio

2013

Molex Acquisition

Koch acquires Molex, a global electronics leader, for $7.2B, accelerating its move into technology and electronic interconnect systems

2024

Rebrand to Koch Inc.

Koch Industries renames itself Koch, Inc. to signal its evolution from an industrial company into a diversified technology-forward enterprise

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INDUSTRY OVERVIEW

Diversified Industrials: A Resilient, Multi-Sector Landscape

  • The U.S. private conglomerate sector spans energy, chemicals, consumer products, advanced manufacturing, and technology — creating deep natural hedges across economic cycles
  • Global petrochemical and specialty chemicals markets exceeded $5.5 trillion in 2024, with strong demand driven by packaging, agriculture, and advanced materials
  • Demand for electronic connectors, electronic components, and industrial automation continues to rise with AI hardware proliferation and EV adoption
  • Consumer staples (tissue, packaging, building products) provide durable, recession-resistant revenue regardless of macroeconomic conditions
  • The private enterprise model — free from quarterly earnings pressure — enables long-horizon capital allocation superior to publicly traded peers
  • Increased infrastructure spending in the US (IRA, CHIPS Act) is spurring demand across energy, chemicals, and construction materials

Energy & Refining

Global Market: $3.2T

Specialty Chemicals

Global Market: $1.1T

Consumer Products

Global Market: $2.8T

Electronic Components

Global Market: $680B

Koch's multi-sector footprint means revenue from any single industry never dominates — insulating the enterprise from commodity cycles, regulatory shifts, and demand shocks in any one market.

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MANAGEMENT OVERVIEW

Experienced Leadership Guided by Principle Based Management™

CG

Charles G. Koch

Chairman & Co-CEO

Leading Koch since 1967, Charles transformed a regional oil business into one of the world's largest private enterprises. MIT-trained engineer. Architect of Principle Based Management™ and the Stand Together philanthropic community.

DR

Dave Robertson

Co-CEO & Vice Chairman

Appointed Co-CEO in March 2023. Former President and COO of Koch. Serves on the boards of Georgia-Pacific and Molex. Focuses on operational excellence and long-term strategic growth across subsidiaries.

JH

Jim Hannan

President & COO

Oversees day-to-day operations across Koch's diverse business units. Brings deep expertise in operational integration, supply chain transformation, and enterprise-wide performance management.

RD

Richard Dinkel

SVP & CFO

Leads finance, accounting, tax, treasury, risk and IT functions. CPA with 30+ years of large-company finance experience. Serves on the boards of Flint Hills Resources, Georgia-Pacific, Guardian Industries, INVISTA, and Molex.

CK

Chase Koch

Executive Vice President

Appointed EVP in March 2023. Leads Koch Disruptive Technologies (KDT), Koch's venture arm, which has deployed $4B+ across 70+ investments in AI, fintech, and deep tech.

Principle Based Management™ (PBM™): Koch's proprietary framework that drives long-term value creation through a culture of entrepreneurship, market-oriented incentives, and continuous employee development.

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COMPANY OVERVIEW

Business Model: Principle Based Management™ in Action

V

Vision

Long-horizon thinking guides all capital allocation. Koch avoids short-term earnings pressure by remaining private and reinvesting aggressively in growth.

VT

Virtue & Talents

Koch hires people with values aligned to its culture and invests in developing their capabilities — fostering ownership mentality across 120,000 employees.

KP

Knowledge Processes

Systems to create, acquire, and apply knowledge more effectively than competitors — including proprietary market-based internal pricing mechanisms.

DR

Decision Rights

Authority flows to those with the best information and judgment — decentralizing decisions to subsidiary leaders closest to markets and customers.

I

Incentives

Compensation tied directly to measurable value creation encourages each employee to behave as an entrepreneur, minimizing waste and spurring innovation.

T

Transformation

Proactive identification of internal and external change opportunities — Koch reinvests $168B+ since 2003 in growing and transforming its businesses.

"We measure success not by short-term profit but by the long-term value we create for employees, customers, and society." — Charles G. Koch

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PRODUCT OVERVIEW

Consumer & Building Products: Georgia-Pacific

Georgia-Pacific

Acquired in 2005 for $21 billion — one of the largest leveraged buyouts in US corporate history. Georgia-Pacific (GP), headquartered in Atlanta, is among the world's leading manufacturers and marketers of consumer and industrial paper products, packaging, and building materials.

  • Tissue & Towel: Quilted Northern®, Angel Soft®, Brawny®, Sparkle® — leading national tissue brands in North American retail
  • Packaging & Cellulose: Corrugated packaging, bleached board, and specialty cellulose used in pharmaceuticals, food, and industrial applications
  • Building Products: Plywood, OSB, gypsum wallboard, DensGlass® and lumber serving the residential and commercial construction markets
  • Tableware: Dixie® brand plates, cups, and cutlery — ubiquitous in foodservice and institutional channels

$22B+

Estimated Annual Revenue

30,000+

Employees Worldwide

300+

Manufacturing Facilities

#1 or #2

Market Position in Core Categories

KEY BRANDS

Quilted Northern® · Angel Soft® · Brawny® · Sparkle® · Dixie® · DensGlass® · GP Corrugated

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PRODUCT OVERVIEW

Energy, Chemicals & Agriculture

Flint Hills Resources

Refining & Petrochemicals

  • One of the largest US petroleum refiners, operating major facilities in Corpus Christi (TX) and Pine Bend (MN)
  • Products: gasoline, diesel, jet fuel, asphalt, base oils, polypropylene, and renewable fuels
  • Operates ~4,000 miles of pipeline and terminal infrastructure for petroleum and NGL transport
  • Acquired PetroLogistics in 2014, adding polymer-grade propylene production capacity

INVISTA

Fibers, Polymers & Intermediates

  • One of the world's largest producers of nylon intermediates, polymers, and specialty fibers
  • Operates in 20+ countries with ~10,000 employees and a vast IP portfolio of 8,000+ patents
  • Iconic brands include Lycra® (spandex), Stainmaster®, Coolmax®, Cordura®, and Antron®
  • Serves apparel, home furnishings, automotive, and industrial end markets globally

Koch Ag & Energy Solutions

Fertilizers & Energy Services

  • One of the world's largest nitrogen fertilizer producers, with plants in the US and global distribution
  • Products include anhydrous ammonia, urea, UAN solutions, and methanol
  • Provides natural gas management, biofuels production, and crop input supply chain solutions
  • Serves agricultural markets across North America, Europe, and Asia-Pacific

Combined, Flint Hills Resources, INVISTA and Koch Ag represent the core of Koch's manufacturing and chemical value chain — connecting raw material extraction through refined end-products for global markets.

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PRODUCT OVERVIEW

Technology, Electronics & Advanced Manufacturing

M

Molex

Electronic Connectors & Solutions

  • World's #2 producer of electronic connectors and interconnect systems
  • 100,000+ products across data communications, automotive, medical, industrial, and consumer electronics
  • Acquired in 2013 for $7.2B; includes Phillips-Medisize (medical device manufacturing)
  • Foundational to AI hardware, EVs, telecommunications, and smart device ecosystems

G

Guardian Industries

Glass & Building Products

  • One of the world's largest glass manufacturers, headquartered in Auburn Hills, MI
  • Products: float glass, automotive glass, architectural glass, and fiberglass insulation
  • Operates 25+ manufacturing facilities in 16+ countries worldwide
  • Serves automotive OEMs, commercial construction, and residential building markets

I

Infor

Enterprise Cloud Software

  • Leading enterprise software provider specializing in industry-specific ERP and cloud solutions
  • Serves manufacturing, healthcare, retail, hospitality, and public sector clients globally
  • 600,000+ customers and operations in 100+ countries; $3B+ annual revenue
  • Koch acquired a majority stake in 2017; Infor was taken public via Koch Investments Group

K

Koch Disruptive Technologies

Venture & Growth Investments

  • Koch's venture arm with $4B+ deployed across 70+ companies since inception
  • Focus areas: AI/ML infrastructure, fintech, health tech, advanced materials, and deep tech
  • Notable investments span AI chip makers, automation software, and precision medicine
  • Chaired by Chase Koch; bridges Koch's industrial DNA with the next generation of technology

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PRODUCT OVERVIEW

Minerals, Trading, Logistics & Engineered Solutions

  • Koch Minerals & Trading (KMT) — Trades and brokers coal, petroleum coke, cement, and fertilizers globally; provides financing and logistics for commodity supply chains
  • KBX Logistics — Global freight and transportation management, offering technology-driven capabilities across all modes: truck, rail, ocean, and air; manages billions in freight annually
  • Koch Engineered Solutions (KES) — Manufactures industrial processing equipment including burners, distillation trays, heat exchangers, filtration systems, and pollution control hardware
  • Matador Cattle Company — Koch's ranching subsidiary; manages approximately 425,000 acres across multiple states, producing beef cattle and supporting sustainable land stewardship
  • i360 — Data analytics and technology platform serving market research, advocacy, and stakeholder engagement needs across commercial and civic clients

Estimated Revenue Mix by Sector

Energy & Refining

38%

Consumer & Building

25%

Chemicals & Fibers

18%

Technology & Electronics

12%

Trading & Agriculture

7%

* Revenue mix is estimated based on public information; Koch does not disclose segment financials.

The breadth of Koch's product and service portfolio — spanning everything from bathroom tissue and fertilizers to enterprise software and AI ventures — creates a uniquely resilient, cycle-agnostic revenue base.

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WHY KOCH

Investment Highlights

01

Scale & Diversity

$125B+ revenue across 14+ subsidiaries and 8+ industries creates unmatched resilience and compounding returns

02

Long-Term Private Ownership

Freedom from quarterly reporting allows Koch to invest boldly in multidecade transformations unavailable to public peers

03

Proven M&A Playbook

$168B+ invested since 2003; landmark acquisitions (GP, INVISTA, Molex) consistently integrated and grown to new highs

04

Technology Pivot

Koch Disruptive Technologies ($4B, 70+ investments) positions Koch at the frontier of AI, fintech, and advanced manufacturing

05

Principle Based Management™

A 60+ year proprietary culture of entrepreneurship, accountability, and value creation at 120,000-person scale

www.kochinc.com | Wichita, Kansas | Confidential & Proprietary