Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — Q1 2025 Earnings Presentation
23 slides from Dupont De Nemours's earnings presentation, May 2, 2025
Slide 1: 1Q 2025 Financial Results
1Q 2025 Financial Results May 2, 2025
Slide 2: Overview
Overview On January 15, 2025, DuPont de Nemours, Inc. (“DuPont”, or after the completion of the Intended Electronics Separation, “New DuPont”) announced it is targeting November 1, 2025 to complete the intended separation of its Electronics business (the “Intended Electronics Separation”) by way of
Slide 3: CEO Highlights
CEO Highlights Highlights 1Q 2025 High-single digit volume gains drove earnings Sales of $3.1B with 6% organic growth YoY growth Operating EBITDA of $788 million, up 16% YoY (margin up 240 basis points) Double-digit organic growth in electronics, Adjusted EPS of $1.03, up 30% YoY healthcar
Slide 4: Clear Actions to Reduce Tariff Exposure
Clear Actions to Reduce Tariff Exposure LIMITED EXPOSURE OF IMPORTS MITIGATION ACTIONS TO ADDRESS TARIFFS INTO THE US; EXPORT EXPOSURE TO CHINA Supply Chain Optimization Imports from Imports from Rest of World China Strategic Sourcing Tariff-incorporated Surcharges US Exports to China Product Exempt
Slide 5: Introducing Qnity: Planned Independent Electronics Company
Introducing Qnity: Planned Independent Electronics Company HIGHLIGHTS COMPREHENSIVE PORTFOLIO Qnity to be one of the largest and broadest pureplay global electronics materials and component SEMICONDUCTOR TECHNOLOGIES INTERCONNECT SOLUTIONS solutions providers Maintains a portfolio of differentia
Slide 6: 1Q 2025 Financial Highlights
1Q 2025 Financial Highlights NET SALES ORGANIC OPERATING ADJUSTED TRANSACTION- $3.1 billion SALES EBITDA EPS ADJUSTED FCF(1) +5% +6% $788 million $1.03 / share $212 million › Volume +8%: double-digit growth in electronics, healthcare and water end-markets › Operating EBITDA up 16% YoY as volume gain
Slide 7: 1Q 2025 Adjusted EPS Bridge
1Q 2025 Adjusted EPS Bridge Segment Results +$0.19 +30% $1.03 $0.79 ₊ Exchange losses/NCI ₊ Share +$0.02 count ₊ Volume ₊ Interest, +$0.01 ₊ Savings from PY +$0.02 net ₊ Tax rate +$0.01 ₋ Growth investments restructuring actions ₋ Depreciation ($0.01) 1Q 2024 Other 1Q 2025 Adjusted EPS Segments Net
Slide 8: ElectronicsCo
ElectronicsCo(1) 1Q Net Sales Vol (+16%), Price (-2%), Currency (0%), Portfolio (0%) +14% $1,118 $ in Millions $984 Organic Growth +14% 1Q 2025 YoY Highlights 1Q24 Volume Price Currency Portfolio 1Q25 • Organic sales by line of business(1): • Semiconductor Technologies sales up low double-digits on
Slide 9: IndustrialsCo
IndustrialsCo(1) 1Q Net Sales Vol (+3%), Price (-1%), Currency (-1%), Portfolio (-1%) Flat $ in Millions $1,948 $1,947 Organic Growth- +2% 1Q24 Volume Price Currency Portfolio 1Q25 1Q 2025 YoY Highlights • Organic sales by line of business(1): 1Q Operating EBITDA • Healthcare & Water Technologies sa
Slide 10: 2Q and FY 2025 Guidance
2Q and FY 2025 Guidance 2Q 2025 FY 2025 Key Assumptions Unchanged Net Sales ~$3.2 billion $12.8 - $12.9 billion Included in guidance: 2Q’25 assumes low-single digit organic sales growth YoY Operating ~$815 million $3.325 - $3.375 billion FY’25 assumes mid-single digit organic sales growth YoY EB
Slide 11: Appendix
Appendix <OUPONT > 9
Slide 12: 1Q 2025 Net Sales Bridge
1Q 2025 Net Sales Bridge Organic Sales +6% Volume +8% Price -2% +2% +5% +14% Flat -1% $3,066 $2,931 In Millions ₊ ₋ Semiconductor Healthcare & Water Technologies Technologies Donatelle acquisition Euro, JPY (IndustrialsCo) ₋ PV product line exit (IndustrialsCo) Interconnect Solutions Diversified Ind
Slide 13: 2025 Segment Expectations – New Segment Structure
2025 Segment Expectations – New Segment Structure Segment ElectronicsCo IndustrialsCo • 2Q’25 assumes low-single digit organic sales • 2Q’25 assumes low-single digit organic sales growth growth YoY; strong PY comp particularly in YoY Key Drivers China • Continued strength in healthcare and water and
Slide 14: Additional Modeling Guidance – Full Year 2025
Additional Modeling Guidance – Full Year 2025 Below-the-line estimates Items included in Operating EBITDA Base Tax Rate ~23% R&D ~$550 million D&A ~$1,200 million, pre-tax Corporate(2) ~$140 million Depreciation ~$610 million, pre-tax Intangible Amortization ~$590 million, pre-tax Interest Income ~$
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures: Unless otherwise indicated, all financial metrics presented and discussion of results reflect continuing operations only. This communication includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP
Slide 16: Non-GAAP Financial Measures (continued)
Non-GAAP Financial Measures (continued): Organic Sales is defined as net sales excluding the impacts of currency and portfolio. Adjusted Free Cash Flow is defined as cash provided by/used for operating activities from continuing operations less capital expenditures and excluding the impact of cash i
Slide 17: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 17
Slide 18: Selected Financial Information and Non-GAAP Measures
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Slide 19: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 19
Slide 20: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 20
Slide 21: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 21
Slide 22: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 22
Slide 23: All rights reserved.
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