Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — Q2 2022 Earnings Presentation
17 slides from Dupont De Nemours's earnings presentation, Aug 2, 2022
Slide 1: 2Q 2022 Financial Results
2Q 2022 Financial Results August 2, 2022
Slide 2: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are considered non-GAAP measures. Management uses these measures internally for planning, forecasting and evaluating
Slide 3: 2Q 2022 Highlights
9% top-line organic Strong customer growth; high single- demand across digit organic sales key end-markets growth in E&I and 2Q 2022 W&P Highlights Continue to fully Successfully offset raw material, navigated a dynamic logistics and macro environment energy cost complicated by China inflation with
Slide 4: Key Initiatives Update
Key Initiatives Update Portfolio Transformation Balanced Capital Allocation Balanced strategy that will include prioritizing the Rogers transaction(1) expected to close in third return of excess capital to shareholders as well as quarter 2022 bolt-on M&A M&M divestitures(2) on-track ~$665 mi
Slide 5: Innovation Driving Growth in Strategic Focus Areas
Innovation Driving Growth in Strategic Focus Areas Water Protection Industrial Next-Gen Electronics Technologies Automotive Increased adoptions of Fortilife™ XC Launched Nomex® Opening of new BETATECH™ Thermal advanced node Membrane adoptions Comfort with Liveo™ healthcare Interface Materi
Slide 6: 2Q 2022 Financial Highlights
2Q 2022 Financial Highlights NET SALES ORGANIC OPERATING Adjusted Cash from $3.3 billion SALES EBITDA EPS Operations +7% +9% $829 million $0.88 / share $86 million › Price (+8%), Volume (+1%), Portfolio (+1%), › Operating EBITDA up 6% from year-ago period Currency (-3%) › Earnings from Laird acquisi
Slide 7: 2Q 2022 Adjusted EPS Bridge
2Q 2022 Adjusted EPS Bridge Segment Results +$0.08 +11% $0.88 $0.79 › Laird › Driven by › Weaker Performance Semiconductor › Share › Tax rate – ($0.06) product mix Materials(E&I) Technologies and Industrial (W&P) repurchases › EGL/Other – $0.03 partially offset +$0.04 by Non-core Solutions (E&I) › P
Slide 8: Electronics & Industrial
Electronics & Industrial 2Q Net Sales Vol (+6%), Price (+2%), Currency (-3%), Portfolio (+11%) +16% $ in Millions $1,527 $1,320 Organic Growth +8% 2Q 2022 Highlights • Organic sales growth led by Semiconductor Technologies (up mid-teens); Industrial Solutions (up high single-digits) • Interconnect S
Slide 9: Water & Protection
Water & Protection 2Q Net Sales Vol (-3%), Price (+12%), Currency (-3%), Portfolio (0%) +6% $ in Millions $1,412 $1,497 Organic Growth +9% 2Q 2022 Highlights • Broad-based pricing actions to offset inflationary pressure, most notably in Shelter and Safety Solutions 2Q Operating EBITDA • Net Sales: S
Slide 10: 3Q & FY 2022 Guidance
3Q & FY 2022 Guidance Key Assumptions 3Q 2022(1) FY 2022(1) Pricing actions expected to continue to offset rising raw material, logistics and energy cost inflation Monitoring continuing uncertainties in global supply chains Net Sales $3,170 - $3,370 million $13.0 - $13.4 billion 3Q’22 and FY’2
Slide 11: Appendix
Appendix <OUPONT » %
Slide 12: 2Q 2022 Net Sales Bridge
2Q 2022 Net Sales Bridge Organic Sales +9% Price +8% Volume +1% +9% +9% +7% +1% -3% +8% $3,322 In Millions $3,104 Semiconductor Shelter Acquisition of Laird Technologies Solutions Performance Materials Strengthening of (E&I) more than USD, primarily offsetting divestitures Industrial Safety against
Slide 13: 3Q 2022 Segment Expectations
3Q 2022 Segment Expectations Electronics & Water & Segment Industrial Protection • Top-line expected to be relatively flat sequentially • Top-line expected to be down slightly on sequential Key Drivers versus 2Q’22 as seasonal volumes gains are basis versus 2Q’22 due to currency headwinds offset by
Slide 14: Additional Modeling Guidance – Full Year 2022
Additional Modeling Guidance – Full Year 2022 Below-the-line estimates: Items included in Operating EBITDA: Base Tax Rate ~21-23% R&D ~$550 - $600 million Corporate & Other: D&A ~$1,150 million, pre-tax - Corporate expenses ~$135 million Intangible Amortization ~$600 million, pre-tax - Stranded cost
Slide 15: Upcoming Events
Upcoming Wednesday, September 21, 2022 Events • Safety Solutions (W&P) Teach-In E&I teach-ins (Semiconductor Technologies, Interconnect Solutions and Industrial Solutions) and W&P teach-in (Water Solutions and Shelter Solutions) available for replay at www.investors.dupont.com 15
Slide 16: Cautionary Statement on Forward-looking Statements
Overview On November 2, 2021, DuPont announced it has entered definitive agreements to acquire Rogers Corporation (“Rogers”), (the “Intended Rogers Acquisition”). On January 25, 2022, Rogers shareholders approved the transaction. Closing is expected to occur in the third quarter of 2022, subject to
Slide 17: DuPont trademarks notice
© 2022 DuPont de Nemours, Inc. All rights reserved. DuPont™, the DuPont Oval Logo, and all products, unless otherwise noted, denoted with ™, ℠ or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc.