Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — FY2021 Earnings Presentation
18 slides from Dupont De Nemours's earnings presentation, Feb 8, 2022
Slide 1: 4Q & FY 2021 Earnings Conference Call
4Q & FY 2021 Earnings Conference Call February 8, 2022
Slide 2: 4Q 2021 Highlights
Portfolio transformation Top-line ahead of on track; previously- expectations on strong announced strategic customer demand actions progressing as 4Q 2021 across all key end- planned markets Highlights Fully offset raw Logistics costs material cost increases continue to escalate; with pricing action
Slide 3: Multiple levers delivering shareholder value
Multiple levers delivering shareholder value Portfolio Transformation Balanced Capital Allocation Innovation-Led Growth Divestiture process of in-scope M&M Announced 10% increase to regular Innovation accelerating our top-line businesses on-track for 1Q 2022 quarterly dividend starting with 1Q
Slide 4: Financial Highlights 4Q 2021 and FY 2021
Financial Highlights --------------- 4Q 2021---------------- FY 2021 NET SALES ORGANIC OPERATING Adjusted Cash from Net Sales: $16.7 billion $4.3 billion SALES(1) EBITDA(1) EPS(1) Operations Op. EBITDA(1): $4.2 billion +14% +13% $973 million $1.08 / share $621 million Adj. EPS(1): $4.30 › Price +7%,
Slide 5: Price/Cost Inflation Impacting 4Q21 Margins
Price/Cost Inflation Impacting 4Q21 Margins Operating EBITDA Margin(1) Waterfall Raw Material Inflation by Segment + 70 bps (150) 24.8% bps (120) 22.8% ~$250 bps million M&M raw W&P material E&I inflation* 4Q Raw Logistics Growth 4Q 2021 2020 Material Inflation Inflation * 4Q21 YoY › Growth delivers
Slide 6: 4Q 2021 Net Sales Bridge
4Q 2021 Net Sales Bridge Organic Sales(1) +13% (Price +7%, Volume +6%) +13% +13% +14% +17% +2% -1% +9% $4,271 $3,750 In Millions Engineering Polymers Safety Solutions Semiconductor Technologies Acquisition of Laird Strengthening of Performance Performance Materials USD, primarily Water Solutions Res
Slide 7: 4Q 2021 Adjusted EPS Bridge
4Q 2021 Adjusted EPS(1) Bridge Segment Results +$0.05 $0.48 $1.08 › N&B exchange › Interest & other +$0.05 $0.70 offer and share › Base tax rate -$0.04 repurchases +$0.32 4Q 2020 Share Other 4Q 2021 Volume Portfolio(2) Logistics Other Adjusted EPS(1) Adjusted EPS(1) Count Below the Line Pricing acti
Slide 8: 1Q & FY 2022 Guidance
1Q & FY 2022 Guidance 1Q 2022(2) FY 2022(2) Customer demand remains robust Price & raw material cost inflation Net Sales $4.175 - $4.275 billion $17.4 - $17.8 billion continue to impact operating EBITDA margins; expect 1Q 2022 to be about flat sequentially with 4Q 2021 Operating $940 - $980 mill
Slide 9: Key Takeaways
Key Takeaways Customer demand Pricing actions continue remains strong to off-set raw material driven by innovation in inflation; additional price key end markets actions underway to offset logistics M&M Rogers acquisition(2) Balance sheet strength divestiture(1) on- process on-track for end enabling
Slide 10: Appendix
Appendix <OUPONT » %
Slide 11: Segment Results – 4Q 2021
Segment Results – 4Q 2021 Operating Net Sales Operating EBITDA (Organic Change EBITDA Segment Highlights v. 4Q’20) (Change v. 4Q’20) Margin(1) (Change v. 4Q’20) • Double-digit volume growth in Semiconductor Technologies and Industrial Solutions; as expected, Interconnect Solutions Electronics & $1,4
Slide 12: FY 2021 Net Sales Bridge
FY 2021 Net Sales Bridge Organic Sales(1) +14% (Volume +10%, Price +4%) +24% +7% +16% +10% +12% Flat +2% $16,653 Engineering Polymers Safety Solutions In Millions $14,338 Semiconductor Technologies Performance Water Solutions Resins Acquisition of Laird Industrial Weakening of USD, Performance Mater
Slide 13: 1Q 2022 Segment Expectations
1Q 2022 Segment Expectations Segment Electronics & Water & Mobility & Industrial Protection Materials • Continued robust demand in • Steady demand environment across major Semiconductor Technologies and end-markets in all three product lines • Semiconductor chip shortage Key Drivers delaying auto bu
Slide 14: Additional Modeling Guidance – Full Year 2022
Additional Modeling Guidance – Full Year 2022(1) Below-the-line estimates: Items included in Operating EBITDA: Base Tax Rate ~21-23% R&D ~$650 - $700 million Corporate costs (2) D&A ~$1,460 million, pre-tax (excludes Op. EBITDA ~$135 million from Biomaterials business) Intangible Amortization ~$770
Slide 15: Upcoming Events
Upcoming Thursday, March 3, 2022 Events • Industrial Solutions (E&I) Teach-In Semiconductor Technologies (E&I) and Interconnect Solutions (E&I) teach-ins available for replay at www.investors.dupont.com 15
Slide 16: Safe Harbor Statement
Safe Harbor Statement Overview Effective August 31, 2017, E. I. du Pont de Nemours and Company ("EID") and The Dow Chemical Company ("TDCC") each merged with subsidiaries of DowDuPont Inc. (n/k/a "DuPont”) and, as a result, EID and TDCC became subsidiaries of the Company (the "DWDP Merger"). On Apri
Slide 17: Safe Harbor Statement – Non-GAAP Financial Measures
Safe Harbor Statement Cautionary Statement About Forward-Looking Statements, continued Non-GAAP Financial Measures: This earnings release 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 m
Slide 18: Trademarks and copyright notice
© 2022 DuPont de Nemours, Inc. All rights reserved. © 2020 DuPont. All rights reserved. DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. Nothing contained herein shall be construed as