Slide 1: 1Q 2026 Earnings Conference Call
1Q 2026 Earnings Conference Call May 6, 2026 CTVA 1Q26 EARNINGS
Slide 2: Safe Harbor Regarding Forward-Looking Statements
Safe Harbor Regarding Forward-Looking Statements Forward-Looking Statements This presentation contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, whi
Slide 3: Safe Harbor: Regulation G (Non-GAAP Financial Measures)
Safe Harbor Regarding Forward-Looking Statements Regulation G (Non-GAAP Financial Measures) This presentation includes information that does not conform to U.S. GAAP and are considered non-GAAP measures. These measures may include organic sales, organic growth (including by segment and region), oper
Slide 4: CEO Messages Strong 1Q Financial Performance
CEO Messages Strong Organic growth in both businesses across all regions demonstrates technology demand 1Q Financial Growth platform gains from Seed licensing and CP New Products reinforce strategy Performance Benefits from productivity and cost actions support full-year guide assumptions Grow
Slide 5: Separation Update: Key Milestone Targets
Separation Update: Key Milestone Targets 1H 2026 2H 2026 • Luke Kissam named as • Initial Form 10 filed • Amendments to Form • Investor Day events New Corteva(1) CEO with SEC 10 filed with SEC (September 15th) and roadshows • Vylor announced as • Form 10 SEC public • Form 10 goes effective name of f
Slide 6: 1Q 2026 Financial Performance
1Q 2026 Financial Performance Metric 1Q 2026(1) Highlights Seed volume gains on timing of NA(3) corn deliveries Net Sales $4.9B +11% Crop Protection volume growth in every region Seed price / mix gains in every region, led by EMEA(3) and NA Organic Sales(2) $4.7B +7% Crop Protection organic sales gr
Slide 7: 1Q 2026 Operating EBITDA
1Q 2026 Operating EBITDA(1) 1Q 2026 Bridge Key Drivers ($ in millions) Seed price/mix gains across the portfolio to capture value for $60 ($39) $1,438 $136 $36 technology, offset by Crop Protection competitive price pressures $1,189 $56 Timing shifts and favorable weather enable North America(2)
Slide 8: Reaffirming FY 2026 Guidance
Reaffirming FY 2026 Guidance(1) Operating Operating Operating EPS(2) EBITDA(2) EBITDA Margin(2) Guidance $4.0 – $4.2B 22% - 23% $3.45 – $3.70 +7% at mid-point +7% at mid-point Broad-based organic Operating EBITDA Key Drivers sales growth and Low-to-mid-single- growth partially offset digit net sales
Slide 9: 2026 1H / 2H Key Assumptions
2026 1H / 2H Key Assumptions First Half Second Half Strong NA Seed performance on market share gains Brazil corn area about flat LSD CP Volume Growth HSD CP Volume Growth Flat price (Seed up LSD, Crop Protection down LSD) Seed price/mix up LSD/MSD, CP down LSD Sizeable productivity / i
Slide 10: Key Takeaways
Key Takeaways Strong 1Q Performance, Organic Growth in Seed and Crop Protection Growth Platforms and Controllables Translated to 1Q Margin Expansion On-track to complete $0.5B of Share Repurchases in 1H 2026 FY 2026 Guide Reflects Continued Growth in Sales, EBITDA, and Margin Reaffirming 2026 Guidan
Slide 11: Appendix
Appendix
Slide 12: 1Q 2026 Highlights
1Q 2026 Highlights ($ in millions, except EPS) 1Q 2025 1Q 2026 Change Net Sales $4,417 $4,905 11% GAAP Income from Continuing Operations After Income Taxes $667 $725 9% Operating EBITDA(1) $1,189 $1,438 21% Operating EBITDA Margin(1) 26.9% 29.3% +240 bps GAAP EPS from Continuing Operations $0.97 $1.
Slide 13: 1Q 2026 Seed Performance Highlights
1Q 2026 Seed Performance Highlights ($ in millions) 1Q 2026 vPY 1Q 2026 Revenue by Product Line Net Sales $3,023 +12% Organic(1) Sales Growth +9% Other oilseeds(2) Other(3) Operating EBITDA $1,034 +23% 10% reported growth 6% organic(1) growth Operating EBITDA Margin 34.2% +310 bps Soybean Seed Opera
Slide 14: 1Q 2026 Regional Net Sales Highlights – Seed
1Q 2026 Regional Net Sales Highlights – Seed North Latin Global Net Sales Reported Organic(1) Reported Organic(1) America(2) 11% 11% America 21% 8% $3.02B 1Q 2025 1Q 2026 1Q 2025 1Q 2026 Net Sales ($M) $1,597 $1,770 Net Sales ($M) $185 $224 $2.71B Volume Price/Mix Currency Portfolio Volume Price/Mix
Slide 15: 1Q 2026 Crop Protection Performance Highlights
1Q 2026 Crop Protection Performance Highlights ($ in millions) 1Q 2026 vPY 1Q 2026 Revenue by Product Line Net Sales $1,882 +10% Organic(1) Sales Growth +4% Biologicals Other(2) Operating EBITDA $434 +15% (17)% reported growth (21)% organic(1) growth Operating EBITDA Margin 23.1% +101 bps Crop Prote
Slide 16: 1Q 2026 Regional Net Sales Highlights – Crop Protection
1Q 2026 Regional Net Sales Highlights – Crop Protection North Latin Global Net Sales Reported Organic(1) Reported Organic(1) America(2) 9% 8% America 10% 1% 1Q 2025 1Q 2026 1Q 2025 1Q 2026 $1.88B Net Sales ($M) $613 $669 Net Sales ($M) $257 $282 Volume Price/Mix Currency Portfolio Volume Price/Mix C
Slide 17: 1Q 2026 Operating EPS Variance
1Q 2026 Operating EPS(1) Variance Operating EPS(1) ($) $0.07 ($0.04) ($0.01) $1.50 $0.09 $0.04 $0.22 $1.13 1 2 3 4 5 6 1Q 2025 Volume/ Costs Change in Base Tax Currency Portfolio / 1Q 2026 EGL Price Rate(1) Other Volume/Price 1 Costs 2 Change in Base Income Tax Rate(1) 3 Low-single digit Seed pric
Slide 18: FY 2026 Modeling Guidance – Operating Earnings Per Share
FY 2026 Modeling Guidance – Operating Earnings Per Share(1) ($ in millions, except where noted) Guidance Depreciation and Post-Merge Amortization (610 – 620) Net Interest (Expense) Income (130 – 140) Base Income Tax Rate(1) 21% – 23% Exchange Losses – net, after tax (180 – 200) Net Income – Non-cont
Slide 19: Separation Spotlight: New Corteva Natural Product Leadership Position
Separation Spotlight: New Corteva Natural Product Leadership Position
Slide 20: Proven natural product leadership underpins durable growth profile
Proven natural product leadership underpins durable growth profile1 New Corteva's integrated innovation capabilities enable differentiated solutions at scale Decades of proven Next-generation SPEED AI-enabled discovery and development nature-inspired solutions4 nature-inspired pipeline DISCOVERY Pre
Slide 21: Product Disclosures
Product Disclosures TM ® SM Trademarks and service marks of Corteva Agriscience and its affiliated companies. © 2026 Corteva and its affiliated companies. The transgenic soybean event in Enlist E3® soybeans is jointly developed and owned by Corteva Agriscience LLC and M.S. Technologies, L.L.C. Enlis
Slide 22: Thank you
Thank you
Slide 23: Non-GAAP Calculation of Corteva Operating EBITDA
Corteva, Inc. Non-GAAP Calculation of Corteva Operating EBITDA Three Months Ended March 31, 2026 2025 $ In millions As Reported Margin % As Reported Margin % Income (loss) from continuing operations after income taxes (GAAP) $ 725 14.8 % $ 667 15.1 % Provision for (benefit from) income taxes on cont
Slide 24: Segment Information
Corteva, Inc. Segment Information Net sales by segment Three Months Ended March 31, In millions 2026 2025 Seed $ 3,023 $ 2,707 Crop Protection 1,882 1,710 Total net sales $ 4,905 $ 4,417 Net Margin (GAAP) Three Months Ended March 31, $ In millions 2026 2025 Income (loss) from continuing operations a
Slide 25: Corteva significant items
Corteva, Inc. Segment Information Corteva significant items (Pre-tax) Three Months Ended March 31, In millions 2026 2025 Seed Restructuring and asset related charges - net $ — $ (3) AltEn facility remediation charges — (37) Total Seed $ — $ (40) Crop Protection Restructuring and asset related charge
Slide 26: Price, Volume, Currency Analysis by Region
Corteva, Inc. Segment Information - Price, Volume, Currency Analysis Region Q1 2026 vs. Q1 2025 Percent Change Due To: Net Sales Change (GAAP) Organic Change (Non-GAAP) 2 Price & Portfolio / $ (millions) % $ (millions) % Product Mix Volume Currency Other North America 1 $ 229 10 % $ 221 10 % 1% 9% —
Slide 27: Price, Volume, Currency Analysis by Product Line
Corteva, Inc. Segment Information - Price, Volume, Currency Analysis Seed Product Line Q1 2026 vs. Q1 2025 Percent Change Due To: Net Sales Change (GAAP) Organic Change (Non-GAAP) 1 Price & Portfolio / $ (millions) % $ (millions) % Product Mix Volume Currency Other Corn $ 304 15 % $ 235 11 % 4% 7% 4
Slide 28: Non-GAAP Calculation of Corteva Operating EPS
Corteva, Inc. Non-GAAP Calculation of Corteva Operating EPS Three Months Ended March 31, 2026 2025 2026 2025 $ (millions) $ (millions) EPS (diluted) EPS (diluted) Income (loss) from continuing operations attributable to Corteva common stockholders (GAAP) $ 722 $ 663 $ 1.07 $ 0.97 Less: Non-operating
Slide 29: Non-GAAP Calculation of Corteva Base Income Tax Rate
Corteva, Inc. Non-GAAP Calculation of Corteva Base Income Tax Rate Three Months Ended March 31, $ In millions 2026 2025 Income (loss) from continuing operations before income taxes (GAAP) $ 858 $ 784 Add: Significant items (benefit) charge 177 59 Separation costs 52 — Non-operating (benefits) costs