Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — Q3 2024 Earnings Presentation
22 slides from Dupont De Nemours's earnings presentation, Nov 5, 2024
Slide 1: 3Q 2024 Financial Results
3Q 2024 Financial Results November 5, 2024
Slide 2: Overview and Forward-Looking Statements
Overview On November 1, 2023, DuPont completed the divestiture of the Delrin® acetal homopolymer (H-POM) business to TJC LP, (the “Delrin® Divestiture”). The results of operations for the three and nine months ended September 30,2023 present the financial results of the Delrin® Divestiture as discon
Slide 3: 3Q 2024 Highlights
3Q 2024 Highlights 3Q 2024 3Q 2023 Actuals Actuals 4% sales growth YoY including a return to YoY organic sales growth Net Sales $3.2 B $3.1 B Further broad-based recovery in electronics end-markets; YoY organic sales growth of more than 20% in Semiconductor Technologies and low- double digit gro
Slide 4: Progress on Plan to Separate into Three Industry-Leading Companies
Progress on Plan to Separate into Three Industry-Leading Companies New DuPont Electronics Water ~$6.6 B ~$4.0 B ~$1.5 B sales(1) sales(1) sales(1) A Global Leader for Electronics Materials A Diversified Industrial Company with A Comprehensive Water Solutions Provider including Semiconductor Solution
Slide 5: 3Q 2024 Financial Highlights
3Q 2024 Financial Highlights NET SALES ORGANIC OPERATING ADJUSTED TRANSACTION $3.2 billion SALES EBITDA EPS ADJUSTED FCF(1) +4% +3% $857 million $1.18 / share $640 million › Volume +5%: continued strong growth in › Operating EBITDA up 11% YoY as volume gains, the electronics end-markets coupled with
Slide 6: 3Q 2024 Adjusted EPS Bridge
3Q 2024 Adjusted EPS Bridge Segment Results +28% +$0.14 $1.18 $0.92 ₊ Volume ₊ Share ₊ Tax rate ₋ Depr(1) +$0.06 ₊ Improved production repurchases +$0.09 ($0.03) rates ₊ Savings from restructuring actions ₋ Variable compensation ₋ Growth investments 3Q 2023 Share Other 3Q 2024 Segments Tax Rate Belo
Slide 7: Electronics & Industrial
Electronics & Industrial 3Q Net Sales Vol (+11%), Price (-1%), Currency (-1%), Portfolio (+4%) +13% $1,551 $ in Millions $1,368 Organic Growth +10% 3Q 2024 YoY Highlights • Organic sales(1) by line of business: 3Q23 Volume Price Currency Portfolio 3Q24 • Semiconductor Technologies sales up more than
Slide 8: Water & Protection
Water & Protection 3Q Net Sales Vol (0%), Price (-2%), Currency (0%), Portfolio (0%) -2% $ in Millions $1,413 $1,382 Organic Growth- -2% 3Q23 Volume Price Currency Portfolio 3Q24 3Q 2024 YoY Highlights • Organic sales by line of business: • Safety Solutions sales down mid-single digits primarily due
Slide 9: 4Q and FY 2024 Guidance
4Q and FY 2024 Guidance 4Q 2024 FY 2024 Key Assumptions Strong YoY sales and earnings growth expected ~ $3.07 billion ~$12.365 billion in 4Q’24 from both E&I and W&P; Corporate Net Sales (Up ~6% vs. PY) (Prior: $12.4 - $12.5 billion) impacted by PV product line exit 4Q’24 demand expected to rema
Slide 10: Appendix
Appendix <OUPONT > 9
Slide 11: 3Q 2024 Net Sales Bridge
3Q 2024 Net Sales Bridge Organic Sales +3% Volume +5% Price -2% +10% -2% -6% +4% +2% -1% $3,192 $3,058 In Millions Semiconductor Water Retained Technologies Solutions Businesses ₊ Spectrum/Donatelle ₋ JPY acquisitions (E&I) Interconnect Shelter Solutions Solutions Industrial Safety Solutions Solutio
Slide 12: 2024 Segment Expectations
2024 Segment Expectations Electronics & Water & Industrial Protection Segment • Electronics market demand expected to remain • Water and medical packaging sales lift expected strong in 2H’24 vs. 1H’24 Key Drivers and • 4Q’24 sales expected to be up high-single digits • 4Q’24 sales expected to be up
Slide 13: Additional Modeling Guidance – Full Year 2024
Additional Modeling Guidance – Full Year 2024 Below-the-line estimates Items included in Operating EBITDA Base Tax Rate ~23.5% R&D ~$500 million Corporate & Other: D&A ~$1,195 million, pre-tax Depreciation ~$600 million, pre-tax - Corporate expenses(2) ~$135 million Intangible Amortization ~$595 mil
Slide 14: Innovation Driving Growth – Quarterly Highlights
Innovation Driving Growth – Quarterly Highlights Water Industrial Next-Generation Electronics Protection Technologies Automotive • First sales of EON • A US public utility service • Launched new Great • Multiple new wins for • BETAMATE structural photoresists for high- company awarded Stuff Construc
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): 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 inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither
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
Selected Financial Information and Non-GAAP Measures 18
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: , the DuPont Oval Logo, and all products, unless otherwise noted, denoted with ,
E&I line of business (Semiconductor Technologies, Interconnect Solutions and Industrial Solutions) and W&P line of business (Water Solutions, Shelter Solutions and Safety Solutions) investor teach-in sessions are available for replay at www.investors.dupont.com © 2024 DuPont de Nemours, Inc. All rig