Dupont De Nemours, Inc. · NYSE:DD

Dupont De Nemours — DowDuPont — Q1 2018 Earnings Presentation

15 slides from Dupont De Nemours's earnings presentation, May 3, 2018

  1. Slide 1: DowDuPont 1Q18 Earnings Conference Call

    DowDuPont 1Q18 Earnings Conference Call May 3, 2018

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Regulation G This presentation includes information that does not conform to U.S. GAAP and are considered non-GAAP measures. These measures include the Company's pro forma consolidated results and pro forma earnings per share on an adjusted basis, which excludes the after-tax i

  3. Slide 3: Safe Harbor Statement, continued

    Safe Harbor Statement, continued Forward-Looking Statements, continued Business Separations, associated costs, disruptions in the financial markets or other potential barriers; (iv) disruptions or business uncertainty, including from the Intended Business Separations, could adversely impact DowDuPon

  4. Slide 4: First Quarter Highlights

    First Quarter Highlights Financial & Operational Highlights – Sales grew 5% with gains in most segments and geographies – Materials Science +17% and Specialty Products +11%, each with gains in all regions – Local price and volume gains in Materials Science and Specialty Products more than offset wea

  5. Slide 5: Growth Synergies Update

    Growth Synergies Update Target: ~$500MM Target: ~$100MM Target: ~$400MM  Market Access: Deliver a full farm  Holistic solution offerings provide  Electronics & Imaging: Partner with solution via the combination of customers with a “one stop shop” for leading OEMs to create integrated seeds, crop

  6. Slide 6: Anticipated Timeline to Expected Spins

    Anticipated Timeline to Expected Spins 1Q18 3Q18 1Q19 • Finalize assets and liabilities • Forms 10 by spin • File initial Forms 10 • Complete equity roadshows • Finalize agreement terms • Begin to deploy IT systems • Complete IT systems and 3Q19 • Complete IT design and test and stand up legal entit

  7. Slide 7: 1Q 2018 Financial Highlights

    1Q 2018 Financial Highlights1 Financial Performance Snapshot 1Q18 1Q17 B/(W) Net Sales ($MM) 21,510 20,467 1,043 Operating EBITDA ($MM) 4,871 4,614 257 GAAP EPS from Continuing Operations ($/share) 0.47 0.72 (0.25) Adjusted EPS ($/share) 1.12 1.05 0.07 1Q 2018 Pro Forma Adjusted EPS Variance Highlig

  8. Slide 8: Materials Science Highlights

    Materials Science Highlights Division Highlights 1Q18 1Q17 Division Sales Change Vol +8% • Net sales up 17%; Op. EBITDA grew 23% with double-digit gains Net Sales ($MM) 12,029 10,292 Local Price +5% in all segments; Op. EBITDA margin expanded 100 basis points Jen/Ann Op. EBITDA ($MM) 2,583 2,107 Cur

  9. Slide 9: Specialty Products Highlights

    Specialty Products Highlights Division Highlights 1Q18 1Q17 Division Sales Change Net Sales ($MM) 5,597 5,052 Vol +3% • Volume gains delivered by all four segments in most regions Local Price +2% Jen/Ann Op. EBITDA ($MM) 1,566 1,257 Currency +4% • Op. EBITDA margin expanded by 310 bps; growth in all

  10. Slide 10: U.S. Weather Impact on Agriculture Segment

    U.S. Weather Impact on Agriculture Segment U.S. Corn Planting Progress Soil Temperatures April 1-7, 2018  Currently corn plantings are expected to be ~3-4  Soil temps of 50 degrees are optimal for corn weeks delayed planting  Corn shipments through April 1 were ~1/3 of  Majority of corn belt was

  11. Slide 11: Agriculture Highlights

    Agriculture Highlights First Quarter Results • Seed sales of $2.3 billion declined 34% driven by a delayed start to the Northern Hemisphere and Brazil seasons and an expected reduction in planted area in the North American and Brazil seasons. Volume was also negatively impacted by lower sales in 1Q1

  12. Slide 12: 2Q18 Modeling Guidance

    2Q18 Modeling Guidance Refer to slide 15 in Appendix for additional commentary on segment outlook Net Sales: $23.3B - $24.0B  up ~14% Op. EBITDA: $5.3B - $5.5B  up ~23% Division Outlook (2Q18 vs. 2Q171) Net Sales Op. EBITDA (incl. Equity Earnings)  Up low-twenties percent  Up high-thirties perce

  13. Slide 13: Slide 13

  14. Slide 14: Appendix

    <> CN Appendix

  15. Slide 15: 2Q18 Segment Expectations

    2Q18 Segment Expectations Refer in conjunction with slide 12. Segments Key Sales and Operating EBITDA Outlook Drivers (2Q18 vs. 2Q171) Second quarter sales expected to increase low-twenties percent driven by higher volumes from the delayed start to the planting season in the Northern Hemisphere and

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