Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — DowDuPont — Q2 2018 Earnings Presentation
14 slides from Dupont De Nemours's earnings presentation, Aug 2, 2018
Slide 1: DowDuPont 2Q18 Earnings Conference Call
DowDuPont 2Q18 Earnings Conference Call August 2, 2018
Slide 2: Second Quarter Highlights
Second Quarter Highlights Financial & Operational Highlights – Sales grew 17% - up in all divisions, all regions – Volume grew 10% with gains in all divisions, all regions – Local price rose 4% with gains in all divisions, all regions – Operating EBITDA increased 29%, up double-digits in all divisio
Slide 3: Progress to Spins & Key Activities
Progress to Spins & Key Activities Delivered earnings growth each quarter since merger close Merger Increased cost synergy target to $3.3B; accelerated Year 1 run-rate target Close Achieved nearly $900MM in cost synergy savings since merger close Timing of Announced Materials Science leaders
Slide 4: 2Q 2018 Financial Highlights
2Q 2018 Financial Highlights1 Financial Performance Snapshot 2Q18 2Q17 B/(W) Net Sales ($MM) 24,245 20,717 3,528 + 17% Operating EBITDA ($MM) 5,676 4,393 1,283 + 29% GAAP EPS from Cont. Ops. ($/share) 0.76 1.07 (0.31) (29%) Adjusted EPS ($/share) 1.37 0.97 0.40 + 41% 2Q 2018 Pro Forma Adjusted EPS V
Slide 5: 3Q18 Modeling Guidance
3Q18 Modeling Guidance Refer to slide 12 in Appendix for additional commentary on 3Q segment outlook Net Sales: $20.0B – $20.5B Adj. EPS: ↗ up mid-thirties percent ↗ up low-teens percent Division Outlook 3Q18 vs. 3Q171 Net Sales Op. EBITDA (incl. Equity Earnings) Agriculture Up mid-single digits p
Slide 6: FY18 Modeling Guidance
FY18 Modeling Guidance Full Year Net Sales: ↗ up low-teens percent Full Year Adj. EPS: ↗ up low-twenties percent Division Outlook FY18 vs. FY171 Net Sales Op. EBITDA (incl. Equity Earnings) Agriculture Flat Up mid-single digits percent Materials Science2 Up mid-teens percent Up mid-teens perce
Slide 7: Agriculture Highlights
Agriculture Highlights Second Quarter Results 2Q18 2Q17 • Seed sales of $3.9 billion increased 35% driven by sales volumes recovered from Net Sales ($MM) 5,730 4,595 weather-related delays in planting in the Northern Hemisphere. Higher local price, Op. EBITDA ($MM) 1,685 1,165 related to new corn hy
Slide 8: Materials Science Highlights
Materials Science Highlights Division Highlights 2Q18 2Q17 Division Sales Change Vol +10% • Net sales up 18%; Op. EBITDA up 22%; both up in all segments Net Sales ($MM) 12,583 10,696 Local Price +5% • $175MM higher equity earnings (Kuwait JV’s up $99MM, Sadara Jen/Ann Op. EBITDA ($MM) 2,581 2,120 Cu
Slide 9: Specialty Products Highlights
Specialty Products Highlights Division Highlights 2Q18 2Q17 Division Sales Change Net Sales ($MM) 5,857 5,328 Vol +4% • Volume gains delivered by all four segments and across all regions Local Price +1% Jen/Ann Op. EBITDA ($MM) 1,592 1,298 Currency +3% • Op. EBITDA margin expanded by 280 bps Op. EBI
Slide 10: Slide 10
Slide 11: Appendix
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Slide 12: 3Q18 Segment Expectations
3Q18 Segment Expectations Refer in conjunction with slide 5. Segments Key Sales and Operating EBITDA Outlook Drivers (3Q18 vs. 3Q171) 3Q sales growth in mid-single digits on new products - including increased Leptra® corn penetration and new crop protection launches - and pricing benefits. Operating
Slide 13: 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 earnings per share on an adjusted basis, which excludes the after-tax i
Slide 14: Safe Harbor Statement, continued
Safe Harbor Statement, continued Forward-Looking Statements, continued Business Separations, associated costs, disruptions in the financial markets or other potential barriers; (iv) disruptions or business uncertainty, including from the Intended Business Separations, could adversely impact DowDuPon