Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — Q2 2021 Earnings Presentation
18 slides from Dupont De Nemours's earnings presentation, Aug 3, 2021
Slide 1: DuPont 2Q 2021 Earnings Conference Call
DuPont 2Q 2021 Earnings Conference Call August 3, 2021
Slide 2: 2Q21 Highlights
2Q21 Highlights 2Q21 financial performance • Broad-based organic growth driven by continued strength and recovery in key end-markets • Margin expansion and strong operating leverage despite escalating raw material costs and global supply chain and logistics challenges • Raising full year 2021 financ
Slide 3: Acquisition of Laird Performance Materials
Acquisition of Laird Performance Materials Exciting transaction for DuPont and E&I › Leading provider of electromagnetic shielding and thermal management $465M revenue (2020)(1) solutions Thermal & Power Electromagnetic Integrated Solutions › Combines DuPont’s premier applied Gap Filler Pads Enclosu
Slide 4: Combination Enhances DuPont's Position as Leading Electronic Materials Provider
Combination Enhances DuPont’s Position as Leading Electronic Materials Provider Partner of Choice Innovation Broad Capabilities › Expands our position with › Aligns to critical needs › Unique multi-functional OEMs as a total solutions across thermal management, capabilities that leverage provider si
Slide 5: 2Q 2021 Financial Highlights
2Q 2021 Financial Highlights NET SALES ORGANIC OPERATING Adjusted 2Q 2021 Cash from $4.1 billion SALES(1) EBITDA(1) EPS(1) Operating Activities +26% +23% $1.06 billion $1.06 / share $440 million Net Sales of $4.1B Price +3%, Volume +20%, Operating EBITDA margin(1) Free Cash Flow(1) Currency +4%, Por
Slide 6: 2Q 2021 Net Sales Bridge
2Q 2021 Net Sales Bridge Organic Sales(1) +23% +55% 9% +11% +17% +4% -1% $3,289 $4,135 In Millions Engineering $3,289 Shelter Solutions Polymers +26% Industrial Solutions Divestiture of Weakening of USD, Advanced Trichlorosilane primarily against Safety Solutions Solutions business Euro and Yuan Int
Slide 7: 2Q 2021 Adjusted EPS Bridge
2Q 2021 Adjusted EPS(1) Bridge Segment Results +$0.42 $0.48 $1.06 › N&B exchange › Interest +$0.06 offer and share › Base tax rate -$0.04 $0.31 repurchases +$0.29 › Other +$0.02 $0.31 2Q 2020 Absence of PY Other Portfolio (including 2Q 2021 Volumes PY Customer Share Other Adjusted EPS(1) Idle Facili
Slide 8: 3Q and FY 2021 Guidance
3Q and FY 2021 Guidance 3Q- Revised Previous 2021 FY 2021 FY 2021 Guidance Guidance Guidance Net Sales $4.18 - $4.23 billion Net Sales $16.45 - $16.55 billion $15.7 - $15.9 billion Operating Operating $1.06 - $1.08 billion $4.21 - $4.26 billion $3.98 - $4.08 billion EBITDA(1) EBITDA(1) Adjusted Adju
Slide 9: ESG Highlights
ESG Highlights 2030 Sustainability Strategy Environmental Enable our purpose by Low GWP Froth Pak™ Advanced water security, Affirmed our commitment creating long-term innovation launched, availability and quality worldwide to address climate change business value for awarded ACC Sustainability throu
Slide 10: Appendix
Appendix <OUPONT » %
Slide 11: Segment Results – 2Q 2021
Segment Results – 2Q 2021 Operating Net Sales Operating EBITDA (Organic Change EBITDA Segment Highlights v. 2Q’20) (Change v. 2Q’20) Margin(1) (Change v. 2Q’20) Electronics & $1,320 million $424 million 32.1% • Double-digit volume growth in all three lines of business Industrial +17% +26% +190 bps •
Slide 12: 3Q 2021 End-Market Expectations
3Q 2021 End-Market Expectations Segment Electronics & Water & Mobility & Industrial Protection Materials • Similar demand trends • North America residential Key expected to continue in all construction & retail DIY demand • Expect global auto builds to be remains strong; commercial down 3% vs. 3Q 20
Slide 13: FY 2021 Guidance Bridge
FY 2021 Guidance Bridge FY21 Sales (in millions) FY21 Operating EBITDA(1) (in millions) $16,500 $4,235 $15,800 $4,030 +$550 +$150 +$140 +$65 Previous FY21 2Q’21 Beat + Laird PM / Current FY21 Previous FY21 2Q’21 Beat Current FY21 Guide – Mid & FY Raise - Solamet® Guide – Mid + Laird PM / Guide – Mid
Slide 14: Additional Modeling Guidance – Full Year 2021
Additional Modeling Guidance – Full Year 2021 Below-the-line estimates: Items included in Operating EBITDA: Base Tax Rate 21% - 22% R&D ~$600 - $650 million Corporate costs (2) D&A(1) ~$1,400 - $1,420 million, pre tax (excludes Op. EBITDA ~$135 million from non-core businesses) Intangible Amortizati
Slide 15: Upcoming Events
Save the Date: Line of Business Teach In Session Upcoming DuPont Electronics & Industrial • Semiconductor Technologies Events September 22, 2021 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
© 2021 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