Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — DowDuPont — Q4 2018 Earnings Presentation
18 slides from Dupont De Nemours's earnings presentation, Jan 31, 2019
Slide 1: DowDuPont 4Q/FY 2018 Earnings Conference Call
<> Wh DowDuPont 4Q/FY 2018 Earnings Conference Call January 31, 2019
Slide 2: 4Q and FY 2018 Highlights
4Q and FY 2018 Highlights 4Q Financial Highlights — Sales even with prior year as price and volume gains were offset by currency — Volume grew 1% driven by gains in Asia Pacific and Latin America — Local price increased 1% with improvement in most regions — Operating EBITDA even with prior year — Ad
Slide 3: 4Q 2018 Financial Highlights
4Q 2018 Financial Highlights Financial Performance Snapshot 4Q18| 4Q17 Net Sales ($B) 20.1 20.1 - Flat Operating EBITDA ($B) 3.9 3.9 - Flat GAAP EPS from Cont. Ops. ($/share) 0.21 (0.52) 0.73 N/A Adjusted EPS ($/share) 0.88 0.83 0.05 +6% 4Q 2018 Adjusted EPS Variance Drivers * Cost synergy capture *
Slide 4: 1Q19 Modeling Guidance
1Q19 Modeling Guidance Refer to slide 13 in Appendix for additional commentary on 1Q segment outlook Net Sales: down mid-single digits percent Op. EBITDA: down low-teens percent Division Outlook: 1Q19 vs. 1Q18 Net Sales Op. EBITDA (incl. Equity Earnings) Amiculine 1H — Down low-single digits percent
Slide 5: 4Q 2018 Materials Science Overview
4Q 2018 Materials Science Overview Financial Performance Snapshot 4Q17 Net Sales ($MM) 11,759 11,856 (97) -1% Op. EBITDA ($MM) 2,078 2351 (273) -12% Op. EBITDA ex Equity Earnings ($MM) 2,056 2212 (156) -7% Op. EBITDA Margin (%) 17.7 19.8 -210bps Op. EBITDA Margin ex Equity Earnings (%) 17.5 18.7 -12
Slide 6: Materials Science: 4Q 2018 Highlights
Materials Science: 4Q 2018 Highlights Performance Materials & Coatings 4018] 4Q17 + Local price gains in Consumer Solutions were more than offset by volume declines, as Net Sales (SMM) 2,196 2,210 the business drove product mix improvements, and the impact of currency Op. EBITDA ($MM) 421 400 * Coat
Slide 7: 4Q 2018 Specialty Products Overview
4Q 2018 Specialty Products Overview Financial Performance Snapshot 4Q17 ea Net Sales ($MM) 5457 5,361 2% Op. EBITDA ($MM) 1,784 1,584 200 13% Op. EBITDA Margin (%) 32.7 29.5 320 bps YoY Sales Change: Vol 0%, Local Price 2%, Currency -1%, Port./Other +1% Division Highlights « Net sales increased 2% t
Slide 8: Specialty Products: 4Q 2018 Highlights
Specialty Products: 4Q 2018 Highlights Electronics & Imaging + Volume gains led by continued strength in semiconductor technologies and display technologies, partially offset by interconnect solutions due to weaker smartphone sales and inventory destocking. * Op. EBITDA up 18% on higher equity earni
Slide 9: 4Q 2018 Agriculture Overview
4Q 2018 Agriculture Overview Financial Performance Snapshot 4Q17 a Net Sales ($MM) 2,817 2,787 1% Seed 1,189 qb255 (: = -4% Crop Protection 1,618 1,532 86 6% Op. EBITDA (MM) 233 223 10 4% Op. EBITDA Margin (%) 8.3 8.0 30bps Division Highlights * 2018 EBITDA of $2.7B, an increase of 4%, overcoming si
Slide 10: Agriculture: 4Q and FY 2018 Highlights
Agriculture: 4Q and FY 2018 Highlights Fourth Quarter * Crop Protection sales of $1.6B grew 6%, driven by organic sales growth of 10% primarily due to new product launches (including picoxy-based products in Latin 4018] 4Q17 America, Pasture and Land Management products and Enlist™ Herbicides), whic
Slide 11: Slide 11
Slide 12: Appendix
<> Wh Appendix
Slide 13: 1Q19 Segment Expectations
1Q19 Segment Expectations, recinconenction win sides Key Sales and Operating EBITDA Outlook Drivers (1Q19 vs 1Q18) 1H sales projected to be down low-single digits percent driven by currency. Currency is expected to be a $350 million and $100 million headwind to 1H 2019 sales and operating EBITDA, re
Slide 14: Specialty Products Division Full-Year 2019 Modeling
Specialty Products Division Full-Year 2019 Modeling Guidance pos Reported Net Sales Growth About Flat 2-3% pos Reported Adjusted” Operating EBITDA Growth Slightly Down 3-5% Division Highlights * Organic sales growth of 2-3% driven by volume gains in all segments. Continued pricing strength in Safety
Slide 15: Safe Harbor Statement
Safe Harbor Statement Regulation G This presentation includes information that does not conform to U.S. GAAP and are considered non-GAAP measures. These measures include the Company's pro forma consolidated results and pro forma eamings per share on an adjusted basis, which excludes the after-tax im
Slide 16: Safe Harbor Statement, continued
Safe Harbor Statement, continued Forward-looking statements by their nature address matters that are, to varying degrees, uncertain, including statements about the Intended Business Separations, the separations and distributions. Forward-looking statements, including those related to the DowDuPont's
Slide 17: Safe Harbor Statement, continued
Safe Harbor Statement, continued Merger of Equals Effective August 31, 2017, pursuant to the merger of equals transaction contemplated by the Agreement and Plan of Merger, dated as of December 11, 2015, as amended on March 31, 2017 (the "Merger Agreement"), The Dow Chemical Company ("Historical Dow’
Slide 18: Safe Harbor Statement, continued
Safe Harbor Statement, continued Trademarks We own or have rights to various trademarks, service marks and trade names that we use in connection with the operation of our business. The Dow Diamond, DuPont Oval logo, DuPont™, the DowDuPont logo and all products, unless otherwise noted, denoted with ™