Corteva, Inc. · NYSE:CTVA
Corteva — Merger or Acquisition (April 2019)
12 slides from Corteva's merger presentation, April 2019
Slide 1: Form 10
Form 10 April 2019 Insert Risk Classification Agriculture Division of DowDuPont
Slide 2: Safe Harbor and Non-GAAP Statements
Safe Harbor and Non-GAAP Statements Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amend
Slide 3: Safe Harbor and Non-GAAP Statements (cont'd)
Safe Harbor and Non-GAAP Statements (cont’d) DowDuPont Unaudited Pro Forma Financial Information This presentation contains pro forma segment net sales and segment Operating EBITDA of the DowDuPont Agriculture Division. This unaudited pro forma financial information is based on the historical consol
Slide 4: Safe Harbor and Non-GAAP Statements (cont'd)
Safe Harbor and Non-GAAP Statements (cont’d) Non-GAAP Information This document includes information that does not confirm to U.S. generally accepted accounting principles (“GAAP”) and are considered non-GAAP measures. These measures include total pro forma segment operating EBITDA and Corteva pro f
Slide 5: Reconciliation of Ag Division to Corteva, Inc.
Reconciliation of Ag Division Form 10 to Corteva, Inc. 2016 2017 2018 (in millions) DWDP Segment Net Sales $ 14,060 $ 14,342 $14,301 Excluded businesses - (139) - Other (19) 37 (14) Corteva Net Sales $ 14,041 $ 14,240 $14,287 Note: 2017 and 2016 DowDuPont Net Sales are on a pro forma basis, determin
Slide 6: Reconciliation of Ag Division to Corteva, Inc.
Reconciliation of Ag Division to Corteva, Inc. 2016 2017 2018 (in millions) 1. 2016, 2017 and 2018 functional, leveraged and corporate costs DWDP Ag segment $ 2,322 $ 2,611 $ 2,705 are estimated based on the total costs incurred as part of Dow operating EBITDA and DuPont. Functional and leveraged co
Slide 7: Corteva, Inc. Standup Costs
Corteva, Inc. Standup Costs (in millions of $) 2016 2017 2018 Spin Adjustments: Excluded businesses $ (26) $ (65) $ (38) Non-op pension costs 83 32 (80) Other (5) (33) (56) (in millions of $) 2016 2017 2018 Additional Standalone Costs: Functional and leveraged costs included in the segment $ 458 $ 4
Slide 8: On Track for June 2019 Spin
On Track for June 2019 Spin SEPTEMBER 17, 2018 MAY 9, 2019 MAY 2019 OCTOBER 2018 THROUGH MAY 2019 JUNE 1, 2019(1) Management Equity Investor Day Announcements Road Show Initial Form 10 Form 10 Filing Expected Spin Amendments BOD Announcements • Pro forma financial statements • Capital structure and
Slide 9: Appendix
Appendix Agriculture Division of DowDuPont 9
Slide 10: Reconciliation of non-GAAP financial measures
Corteva Agriscience ("Corteva" or the "Company") Reconciliation of non-GAAP financial measures Some Corteva communications or presentations to investors contain certain financial measures that are not defined under accounting principles generally accepted in the United States of America ("GAAP"). No
Slide 11: Selected Segment Information and Non-GAAP Calculation of Pro Forma Operating EBITDA
Corteva Corteva Selected Segment Information Selected Non-GAAP Calculation of Corteva Pro Forma Operating EBITDA In millions YTD 2018 YTD 2017 YTD 2016 Pro forma net sales by segment Pro Forma Pro Forma Pro Forma In millions YTD 2018 YTD 2017 YTD 2016 1 Pro forma (loss) income from continuing operat
Slide 12: Agriculture Division of DowDuPont
Agriculture Division of DowDuPont 12