Slide 1: 2Q 2026 Earnings Conference Call
2Q 2026 Earnings Conference Call July 31, 2026 CTVA 2Q26 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
CEO Messages Strong Seed organic growth across all regions demonstrates durability of technology demand 1H Financial HSD volume growth in CP New Products reinforces differentiated pipeline strategy Performance Benefits from licensing, new product volume growth, and productivity support guide G
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 CEO with SEC 10 filed with SEC (September 15th) and roadshows • Vylor announced as • Form 10 SEC public • Form 10 goes effective name of futu
Slide 6: 1H 2026 Financial Performance
1H 2026 Financial Performance Metric 2Q 2026(1) 1H 2026(1) 1H Highlights $6.4B $11.3B Strong market demand in NA(3) Seed Net Sales (1)% +4% Crop Protection volume driven by new products $6.3B $11.0B Seed organic growth in every region, led by NA and EMEA(3) Organic Sales(2) Crop Protection pricing i
Slide 7: 1H 2026 Operating EBITDA
1H 2026 Operating EBITDA(1) 1H 2026 Bridge Key Drivers ($ in millions) Seed organic growth across all regions to capture value for $85 ($40) $3,699 technology, partially offset by Crop Protection competitive price $164 dynamics $98 $39 $3,353 Strong portfolio enables North America(2) Seed volume
Slide 8: 2026 1H / 2H Key Operating EBITDA Drivers
2026 1H / 2H Key Operating EBITDA Drivers First Half Performance Second Half Assumptions Strong NA Seed performance across portfolio Brazil corn area about flat Seed LSD organic(1) growth Seed LSD/MSD organic (1) growth CP LSD volume growth, price down LSD CP volume up HSD, price down LS
Slide 9: Updated FY 2026 Guidance
Updated FY 2026 Guidance(1) Operating Operating Operating EPS(2) EBITDA(2) EBITDA Margin(2) Guidance $4.1 – $4.3B 22.5% - 23.5% $3.60 – $3.80 +9% at mid-point +11% at mid-point Operating EBITDA Broad-based organic Key Drivers sales growth and Low-to-mid-single- growth and lower digit net sales growt
Slide 10: Key Takeaways
Key Takeaways Strong 1H Execution Across Both Seed and Crop Protection Growth Platforms and Controllables Translated to 1H Margin Expansion Updated 2026 Guide Reflects Continued Growth in Sales, EBITDA, and Margin On Track for October 1st Separation Raising 2026 Guidance for Growth and Margin Expans
Slide 11: Registration Open | Vylor and Corteva 2026 Investor Days
Registration Open | Vylor and Corteva 2026 Investor Days Tuesday, September 15, 2026 Tuesday, September 15, 2026 9:00 AM – 11:30 AM ET 1:00 PM – 3:30 PM ET NYSE and Virtual NYSE and Virtual Key Themes: Key Themes: Introducing Vylor Strategy Update Strategy Update Innovation Highlights Inno
Slide 12: Appendix
Appendix
Slide 13: 2Q 2026 Highlights
2Q 2026 Highlights ($ in millions, except EPS) 2Q 2025 2Q 2026 Change Net Sales $6,456 $6,379 (1)% GAAP Income from Continuing Operations After Income Taxes $1,382 $1,217 (12)% Operating EBITDA(1) $2,164 $2,261 4% Operating EBITDA Margin(1) 33.5% 35.4% +193 bps GAAP EPS from Continuing Operations $2
Slide 14: 2Q 2026 Seed Performance Highlights
2Q 2026 Seed Performance Highlights ($ in millions) 2Q 2026 vPY 2Q 2026 Revenue by Product Line Net Sales $4,532 -% Organic(1) Sales Growth -% Other oilseeds(2) Other(3) Operating EBITDA $1,966 +6% 23% reported growth 22% organic(1) growth Operating EBITDA Margin 43.4% +232 bps Soybean Seed Operatin
Slide 15: 2Q 2026 Regional Net Sales Highlights – Seed
2Q 2026 Regional Net Sales Highlights – Seed North Latin Global Net Sales Reported Organic(1) Reported Organic(1) America(2) -% -% America 4% 5% 2Q 2025 2Q 2026 2Q 2025 2Q 2026 $4.54B $4.53B Net Sales ($M) $3,954 $3,955 Net Sales ($M) $154 $160 Volume Price/Mix Currency Portfolio Volume Price/Mix Cu
Slide 16: 1H 2026 Seed Performance Highlights
1H 2026 Seed Performance Highlights ($ in millions) 1H 2026 vPY 1H 2026 Revenue by Product Line Net Sales $7,555 +4% Organic(1) Sales Growth +3% Other oilseeds(2) Other(3) Operating EBITDA $3,000 +11% 16% reported growth 13% organic(1) growth Operating EBITDA Margin 39.7% +237 bps Seed Operating EBI
Slide 17: 1H 2026 Regional Net Sales Highlights – Seed
1H 2026 Regional Net Sales Highlights – Seed North Latin Global Net Sales Reported Organic(1) Reported Organic(1) America(2) 3% 3% America 13% 2% 1H 2025 1H 2026 1H 2025 1H 2026 $7.56B Net Sales ($M) $5,551 $5,725 Net Sales ($M) $339 $384 $7.24B Volume Price/Mix Currency Portfolio Volume Price/Mix C
Slide 18: 2Q 2026 Crop Protection Performance Highlights
2Q 2026 Crop Protection Performance Highlights ($ in millions) 2Q 2026 vPY 2Q 2026 Revenue by Product Line Net Sales $1,847 (4)% Organic(1) Sales Growth (6)% Biologicals Other(2) Operating EBITDA $342 +2% (11)% reported growth (18)% organic(1) growth Operating EBITDA Margin 18.5% +111 bps Crop Prote
Slide 19: 2Q 2026 Regional Net Sales Highlights – Crop Protection
2Q 2026 Regional Net Sales Highlights – Crop Protection North Latin Global Net Sales Reported Organic(1) Reported Organic(1) America(2) 12% 12% America -% 7% 2Q 2025 2Q 2026 2Q 2025 2Q 2026 $1.92B Net Sales ($M) $675 $593 Net Sales ($M) $518 $519 $1.85B Volume Price/Mix Currency Portfolio Volume Pri
Slide 20: 1H 2026 Crop Protection Performance Highlights
1H 2026 Crop Protection Performance Highlights ($ in millions) 1H 2026 vPY 1H 2026 Revenue by Product Line Net Sales $3,729 +3% Organic(1) Sales Growth (1)% Other(2) Operating EBITDA $776 +9% Biologicals (14)% reported growth Operating EBITDA Margin 20.8% +122 bps (19)% organic(1) growth Crop Protec
Slide 21: 1H 2026 Regional Net Sales Highlights – Crop Protection
1H 2026 Regional Net Sales Highlights – Crop Protection North Latin Global Net Sales Reported Organic(1) Reported Organic(1) America(2) 2% 3% America 3% 5% 1H 2025 1H 2026 1H 2025 1H 2026 Net Sales ($M) $1,288 $1,262 Net Sales ($M) $775 $801 $3.73B $3.63B Volume Price/Mix Currency Portfolio Volume P
Slide 22: 2Q 2026 Operating EPS Variance
2Q 2026 Operating EPS(1) Variance Operating EPS(1) ($) $0.15 $0.03 ($0.04) $0.03 $2.30 $2.20 ($0.07) 1 2 3 4 5 2Q 2025 Volume/ Costs Currency EGL Portfolio / 2Q 2026 Price Other Volume/Price 1 Costs 2 Currency 3 LSD Seed price/mix more than offset by competitive Lower input costs and ongoing pro
Slide 23: FY 2026 Key Sensitivities
FY 2026 Key Sensitivities LSD Revenue Growth Operating EBITDA(1) $4.1 – $4.3B Downside Case Upside Case Weaker demand in Brazil and/or weaker BRL Stronger demand in Brazil and/or stronger BRL Fewer Latin America corn acres More Latin America corn acres Increased Crop Protection pricing pre
Slide 24: FY 2026 Operating EBITDA
FY 2026 Operating EBITDA(1) FY 2026 Bridge Key Drivers Seed price/mix gains across the portfolio to capture value for technology, offset by CP competitive price dynamics ($ in millions) $4,100 - Seed volumes relatively flat driven by NA(2) shift from corn to soy, $4,300 Brazil soybean shift to l
Slide 25: FY 2026 Modeling Guidance – Operating Earnings Per Share
FY 2026 Modeling Guidance – Operating Earnings Per Share(1) ($ in millions, except where noted) Guidance Depreciation and Post-Merge Amortization (640 – 650) Net Interest (Expense) Income (120 – 130) Base Income Tax Rate(1) 20% – 22% Exchange Losses – net, after tax (210 – 220) Net Income – Non-cont
Slide 26: Separation Spotlight: New Corteva M&A and Industry Recognition
Separation Spotlight: New Corteva M&A and Industry Recognition
Slide 27: Targeted acquisition expands Corteva’s innovation engine
Targeted acquisition expands Corteva’s innovation engine Biotelliga1 adds differentiated pipeline candidates, discovery capabilities and scientific expertise • Nature-based actives2: o Insecticide targeting sap-feeding pests3 What o Fungicide with a novel mode of action targeting specialty crop dise
Slide 28: 2026 industry recognition highlights the quality of Corteva's innovation
2026 industry recognition highlights the quality of Corteva's innovation Awards across the crop health innovation lifecycle reflect strength in innovation, stewardship and operational performance Product Innovation Sustainability and Manufacturing Excellence Edison Awards1 American Chemical Society3
Slide 29: 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 30: Thank you
Thank you
Slide 31: Non-GAAP Calculation of Corteva Operating EBITDA
Corteva, Inc. Non-GAAP Calculation of Corteva Operating EBITDA Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 As As As As $ In millions Reported Margin % Reported Margin % Reported Margin % Reported Margin % Income (loss) from continuing operations after income taxes (GAAP
Slide 32: Segment Information
Corteva, Inc. Segment Information Net sales by segment Three Months Ended Six Months Ended June 30, June 30, In millions 2026 2025 2026 2025 Seed $ 4,532 $ 4,537 $ 7,555 $ 7,244 Crop Protection 1,847 1,919 3,729 3,629 Total net sales $ 6,379 $ 6,456 $ 11,284 $ 10,873 Net Margin (GAAP) Three Months E
Slide 33: Segment Information: Significant Items
Corteva, Inc. Segment Information Corteva significant items (Pre-tax) Three Months Ended Six Months Ended June 30, June 30, In millions 2026 2025 2026 2025 Seed Restructuring and asset related charges - net $ — $ (1) $ — $ (4) AltEn facility remediation charges — — — (37) Total Seed $ — $ (1) $ — $
Slide 34: Price, Volume, Currency Analysis by Region – Q2
Corteva, Inc. Segment Information - Price, Volume, Currency Analysis Region Q2 2026 vs. Q2 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 $ (81) (2)% $ (90) (2)% 2% (4
Slide 35: Price, Volume, Currency Analysis by Product Line – Q2
Corteva, Inc. Segment Information - Price, Volume, Currency Analysis Seed Product Line Q2 2026 vs. Q2 2025 Percent Change Due To: Net Sales Change (GAAP) Organic Change (Non-GAAP) 1 Price & Portfolio / $ (millions) % $ (millions) % Product Mix Volume Currency Other Corn $ (93) (3)% $ (103) (3)% 4% (
Slide 36: Price, Volume, Currency Analysis by Region – First Half
Corteva, Inc. Segment Information - Price, Volume, Currency Analysis Region First Half 2026 vs. First Half 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 $ 148 2%$ 131
Slide 37: Price, Volume, Currency Analysis by Product Line – First Half
Corteva, Inc. Segment Information - Price, Volume, Currency Analysis Seed Product Line First Half 2026 vs. First Half 2025 Percent Change Due To: Net Sales Change (GAAP) Organic Change (Non-GAAP) 1 Price & Portfolio / $ (millions) % $ (millions) % Product Mix Volume Currency Other Corn $ 211 4%$ 132
Slide 38: Non-GAAP Calculation of Corteva Operating EPS
Corteva, Inc. Non-GAAP Calculation of Corteva Operating EPS Three Months Ended June 30, 2026 2025 2026 2025 $ (millions) $ (millions) EPS (diluted) EPS (diluted) Income (loss) from continuing operations attributable to Corteva common stockholders (GAAP) $ 1,213 $ 1,380 $ 1.81 $ 2.02 Less: Non-operat
Slide 39: Non-GAAP Calculation of Corteva Base Income Tax Rate
Corteva, Inc. Non-GAAP Calculation of Corteva Base Income Tax Rate Three Months Ended Six Months Ended June 30, June 30, $ In millions 2026 2025 2026 2025 Income (loss) from continuing operations before income taxes (GAAP) $ 1,625 $ 1,804 $ 2,483 $ 2,588 Add: Significant items (benefit) charge 85 (3