Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — Q1 2022 Earnings Presentation
17 slides from Dupont De Nemours's earnings presentation, May 3, 2022
Slide 1: 1Q 2022 Financial Results
1Q 2022 Financial Results May 3, 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: 1Q 2022 Highlights
9% top-line organic Strong customer growth; ahead of demand across key expectations end-markets 1Q 2022 Highlights Fully offset raw Successfully material, logistics navigating a and energy inflation dynamic macro with pricing actions environment - further (~$190 million in 1Q) challenged during 1Q 3
Slide 4: 1Q Focus Topics & 2022 Value Drivers
1Q Focus Topics & 2022 Value Drivers Portfolio Transformation Balanced Capital Allocation Innovation-Led Growth Innovation accelerating our top-line M&M divestitures(1) on-track Balanced strategy that will include growth and strengthening our foundation o Celanese transaction expected prioriti
Slide 5: 1Q 2022 Financial Highlights
1Q 2022 Financial Highlights NET SALES ORGANIC OPERATING Adjusted Cash from $3.3 billion SALES EBITDA EPS Operations +9% +9% $818 million $0.82 / share $209 million › Price (+6%), Volume (+3%), Portfolio (+2%), › Operating EBITDA up 2% from year-ago period Currency (-2%) › Strong pricing actions ful
Slide 6: 1Q 2022 Adjusted EPS Bridge
1Q 2022 Adjusted EPS Bridge Segment Results +$0.02 +19% $0.82 $0.69 › Non-core › Weaker product › Interest +$0.03 divestitures mix (W&P) › N&B exchange (Corp & Other) offer and share › NCI/EGL/Other – › Kapton® start- ($0.04) › Absence of prior up costs (E&I) repurchases year asset sale +$0.12 gain
Slide 7: Electronics & Industrial
Electronics & Industrial 1Q Net Sales Vol (+8%), Price (+1%), Currency (-2%), Portfolio (+11%) +18% $ in Millions $1,300 $1,536 Organic Growth +9% 1Q 2022 Highlights • Organic sales growth led by Semiconductor Technologies (up mid-teens); Industrial Solutions (up low double-digits) • Interconnect So
Slide 8: Water & Protection
Water & Protection 1Q Net Sales Vol (0%), Price (+10%), Currency (-2%), Portfolio (0%) +8% $ in Millions $1,328 $1,429 Organic Growth +10% 1Q 2022 Highlights • Broad-based pricing actions to offset inflationary pressure 1Q Operating EBITDA • Net Sales: Shelter Solutions up high-teens, Water Solution
Slide 9: 2Q & FY 2022 Guidance
2Q & FY 2022 Guidance Key Assumptions 2Q 2022(1) FY 2022(1)(2) Customer demand remains strong in key end- markets Pricing actions expected to continue to offset raw Net Sales $3.2 - $3.3 billion $13.3 - $13.7 billion material, logistics and energy cost inflation Operating Government-mandated l
Slide 10: 2022 Sustainability Report Highlights
2022 Sustainability Report Highlights Connections that matter Decreased GHG Aligned DuPont innovation strategy emissions by 10% vs. prior with UN framework for Sustainable year - on track to meet our 2030 reduction goal; completed GHG Scope 3 inventory Development Goals Innovate Protect Empower Part
Slide 11: Appendix
Appendix <OUPONT » %
Slide 12: 1Q 2022 Net Sales Bridge
1Q 2022 Net Sales Bridge Organic Sales +9% Price +6% Volume +3% +10% +4% +9% +9% +2% -2% $3,274 In Millions $3,017 Semiconductor Shelter Solutions Acquisition of Laird Technologies Performance Materials Strengthening of (E&I) more than offsetting USD, primarily divestitures of non-core against Euro
Slide 13: 2Q 2022 Segment Expectations
2Q 2022 Segment Expectations Electronics & Water & Segment Industrial Protection • Demand remains strong but government- • Steady demand environment across major end- Key Drivers mandated lockdowns in China expected to slow markets in all three product lines but monitoring volume growth due to suppl
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 ~$1,170 million, pre-tax - Corporate expenses ~$135 million Intangible Amortization ~$610 million, pre-tax - Stranded cost
Slide 15: Upcoming Events
Upcoming Tuesday, June 14, 2022 Events • Shelter Solutions (W&P) Teach-In E&I teach-ins (Semiconductor Technologies, Interconnect Solutions and Industrial Solutions) and W&P teach-in (Water Solutions) available for replay at www.investors.dupont.com 15
Slide 16: Overview Cautionary Statement Statement about 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 late in the second quarter or early in the third q
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.