Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — Q4 2024 Earnings Presentation
25 slides from Dupont De Nemours's earnings presentation, Feb 11, 2025
Slide 1: 4Q & Full Year 2024 Financial Results
4Q & Full Year 2024 Financial Results February 11, 2025
Slide 2: Overview and Forward-Looking Statements
Overview On May 22, 2024, DuPont announced a plan to separate each of its Electronics and Water businesses in a tax-free manner to its shareholders, (the “Previously Intended Business Separations”). On January 15, 2025, DuPont announced it is targeting November 1, 2025, for the completion of the int
Slide 3: 2024 Financial Highlights
2024 Financial Highlights Highlights 4Q 2024 Sales of $3.1B with 7% organic growth YoY Volume recovery drove earnings growth Operating EBITDA of $807 million, up 13% YoY (margin up 140 basis points) Solid operational execution and productivity Adjusted EPS of $1.13, up 30% YoY led to stron
Slide 4: 2025 Financial and Operating Priorities
2025 Financial and Operating Priorities Optimize growth opportunities to deliver mid-single digit organic sales growth Organic Growth Hired new Chief Commercial Officer to drive enhanced and consistent focus on commercial excellence across the company Continue to advance operational excellence
Slide 5: 4Q 2024 Financial Highlights
4Q 2024 Financial Highlights NET SALES ORGANIC OPERATING ADJUSTED TRANSACTION- $3.1 billion SALES EBITDA EPS ADJUSTED FCF(1) +7% +7% $807 million $1.13 / share $455 million › Volume +8%: continued strong demand in electronics end-markets, a return to YoY growth › Operating EBITDA up 13% YoY as volum
Slide 6: 4Q 2024 Adjusted EPS Bridge
4Q 2024 Adjusted EPS Bridge Segment Results +$0.17 +30% $1.13 $0.87 ₊ Exchange ₊ Volume ₊ Share ₊ Tax losses ₊ Improved rate ₊ Interest, repurchases +$0.03 +$0.03 production +$0.03 ₊ Savings rates net ₋ Depreciation +$0.02 from ₋ Variable compensation restructuring actions ($0.02) 4Q 2023 Share Othe
Slide 7: Electronics & Industrial
Electronics & Industrial 4Q Net Sales Vol (+11%), Price (-1%), Currency (0%), Portfolio (+1%) +11% $1,506 $ in Millions $1,361 Organic Growth +10% 4Q 2024 YoY Highlights • Organic sales(1) by line of business: • Semiconductor Technologies sales up low-teens on continued semiconductor 4Q23 Volume Pri
Slide 8: Water & Protection
Water & Protection 4Q Net Sales Vol (+8%), Price (-2%), Currency (0%), Portfolio (0%) +6% $ in Millions $1,359 $1,277 Organic Growth- +6% 4Q 2024 YoY Highlights • Organic sales by line of business: 4Q23 Volume Price Currency Portfolio 4Q24 • Safety Solutions sales up high-single digits primarily dri
Slide 9: 1Q and FY 2025 Guidance
1Q and FY 2025 Guidance 1Q 2025 FY 2025 Key Assumptions 1Q’25 assumes mid-single digit organic sales Net Sales ~$3.025 billion $12.8 - $12.9 billion growth YoY, along with foreign currency headwinds of ~1.5% Operating ~$760 million $3.325 - $3.375 billion FY’25 assumes mid-single digit organic s
Slide 10: Appendix
Appendix <OUPONT > 9
Slide 11: 4Q 2024 Net Sales Bridge
4Q 2024 Net Sales Bridge Organic Sales +7% Volume +8% Price -1% +6% -7% +7% +10% Flat Flat $3,092 In Millions $2,898 Semiconductor Water Retained Technologies Solutions Businesses ₊ Donatelle acquisition Interconnect Safety ₋ (E&I) Solutions Solutions PV product line exit (Corporate) Industrial Shel
Slide 12: FY 2024 Financial Highlights
FY 2024 Financial Highlights NET SALES ORGANIC OPERATING ADJUSTED TRANSACTION- $12.4 billion SALES EBITDA EPS ADJUSTED FCF(1) +3% +1% $3.14 billion $4.07 / share $1.8 billion › Volume +2%: full year growth muted by › Operating EBITDA up 7% YoY as volume gains, the destocking in 1H’24; strong growth
Slide 13: FY 2024 Net Sales Bridge
FY 2024 Net Sales Bridge Organic Sales +1% Volume +2% Price -1% +6% -3% +3% -1% -4% +3% $12,386 $12,068 ₋ In Millions ₊ ₋ JPY Semiconductor Shelter Retained Technologies Solutions Businesses Spectrum and CNY Donatelle acquisitions ₋ (E&I) Interconnect Water PV product line Solutions Solutions exit (
Slide 14: 2025 Segment Expectations – New Segment Structure
2025 Segment Expectations – New Segment Structure Segment ElectronicsCo IndustrialsCo • 1Q’25 assumes low-double digit organic sales growth • 1Q’25 assumes low-single digit organic sales growth Key Drivers • FY’25 assumes 6 to 7 percent organic sales growth • FY’25 assumes 3 to 4 percent organic sal
Slide 15: 2025 Segment Structure – Supplemental Historical Segment Information
2025 Segment Structure – Supplemental Historical Segment Information In light of the intended separation of the Electronics business, DuPont will change its segment reporting structure effective in the first quarter 2025 to reflect ElectronicsCo and IndustrialsCo as reportable segments: • Electronic
Slide 16: Additional Modeling Guidance – Full Year 2025
Additional Modeling Guidance – Full Year 2025 Below-the-line estimates Items included in Operating EBITDA Base Tax Rate ~23% R&D ~$550 million D&A ~$1,200 million, pre-tax Corporate(2) ~$140 million Depreciation ~$610 million, pre-tax Intangible Amortization ~$590 million, pre-tax Interest Income ~$
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures: Unless otherwise indicated, all financial metrics presented and discussion of results reflect continuing operations only. This communication includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP
Slide 18: Non-GAAP Financial Measures (continued)
Non-GAAP Financial Measures (continued): Adjusted Free Cash Flow is defined as cash provided by/used for operating activities from continuing operations less capital expenditures and excluding the impact of cash inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither
Slide 19: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 19
Slide 20: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 20
Slide 21: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 21
Slide 22: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 22
Slide 23: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 23
Slide 24: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 24
Slide 25: , the DuPont Oval Logo, and all products, unless otherwise noted, denoted with ,
E&I line of business (Semiconductor Technologies, Interconnect Solutions and Industrial Solutions) and W&P line of business (Water Solutions, Shelter Solutions and Safety Solutions) investor teach-in sessions are available for replay at www.investors.dupont.com © 2025 DuPont de Nemours, Inc. All rig