Dupont De Nemours, Inc. · NYSE:DD
Dupont De Nemours — Q1 2021 Earnings Presentation
15 slides from Dupont De Nemours's earnings presentation, May 4, 2021
Slide 1: DuPont 1Q 2021 Earnings Conference Call
DuPont 1Q 2021 Earnings Conference Call May 4, 2021 1
Slide 2: Delivering on our Commitments
Strong 1Q21 financial results Delivering on our • Organic revenue growth of 7 percent versus the year-ago period Commitments • Volume growth and disciplined cost control drove operating leverage and EBITDA margin expansion despite global supply constraints • Raising full year 2021 financial guidance
Slide 3: Key End-Market Trends
Key End-Market Trends Electronics Automotive Water Construction Industrial › Continued strength as new › Strong global auto demand › Demand for advanced › North America residential › Improvement in aerospace, technology ramps and pressured by global supply water filtration and construction and do-it
Slide 4: 1Q 2021 Financial Highlights
1Q 2021 Financial Highlights NET SALES ORGANIC OPERATING Adjusted 1Q 2021 Cash from $4.0 billion SALES(1) EBITDA(1) EPS(1) Operating Activities +8% +7% $1.05 billion $0.91 / share $378 million Net Sales of $4.0B Operating EBITDA margin(1) Free Cash Flow(1) Portfolio (2)%, Currency +3%, expansion of
Slide 5: 1Q 2021 Net Sales Bridge
1Q 2021 Net Sales Bridge Organic Sales(1) +7% +8% -3% +14% +1% -2% +3% $3,670 Semiconductor Water Solutions Performance $3,976 Divestiture of Weakening of USD, Technologies Resins Trichlorosilane primarily against business Euro and Yuan In Millions +8% Interconnect Advanced (reflected in Shelter Sol
Slide 6: 1Q 2021 Adjusted EPS Bridge
1Q 2021 Adjusted EPS(1) Bridge $0.48 $0.91 › Base tax rate +$0.09 Exchange offer and share repurchases › Interest +$0.03 +$0.16 › Other +$0.02 $0.48 Segment Results +$0.13 1Q 2020 Volumes Cost Currency & Share Other 1Q 2021 Adjusted EPS(1) (primarily E&I Savings Other Count Below the Line Adjusted E
Slide 7: Balance Sheet and Cash
Balance Sheet and Cash Net Working Capital Net Working Capital - Trade › Notable improvement since 1Q 2020 led by driving down past due receivables and gains in inventories 1Q20 4Q20 1Q21 › Headwinds 1Q 2021 vs. year-end 2020 mainly due to higher receivable 4 balances in line with increased sales $
Slide 8: 2Q and FY 2021 Guidance
2Q and FY 2021 Guidance Current Previous 2Q 2021 FY 2021 FY 2021 Guidance Guidance Guidance Net Sales $3.925 - $4.025 billion Net Sales $15.70 - $15.90 billion $15.39 - $15.59 billion Operating Operating $990 - $1,010 million $3.98 - $4.08 billion $3.83 - $3.93 billion EBITDA(1) EBITDA(1) Adjusted A
Slide 9: Appendix
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Slide 10: Segment Results – 1Q 2021
Segment Results – 1Q 2021 Operating Net Sales Operating EBITDA (Organic Change EBITDA Segment Highlights v. 1Q’20) (Change v. 1Q’20) Margin(1) (Change v. 1Q’20) • Semiconductor and smartphones drove top-line growth Electronics & $1,300 million $436 million 33.5% • Strong volume growth and gain on as
Slide 11: 2Q 2021 End-Market Expectations
2Q 2021 End-Market Expectations Segment Electronics & Water & Mobility & Industrial Protection Materials • Strong momentum • Aramids continues to improve, Key continuing in • IHS expecting global auto builds primarily in industrial and of 19.9 million in 2Q 2021, down Drivers Semiconductor automotiv
Slide 12: Additional Modeling Guidance – Full Year 2021
Additional Modeling Guidance – Full Year 2021(1) Below-the-line estimates: Items included in Operating EBITDA: Base Tax Rate 21% - 22% R&D ~$600 - 650 million D&A Corporate costs(2) ~$135 million ~$1,340 million, pre tax Includes Merger-Related Amortization Merger-Related Amortization ~$480 million,
Slide 13: Safe Harbor Statement
Safe Harbor Statement Cautionary Statement Regarding 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
Slide 14: Safe Harbor Statement (continued)
Safe Harbor Statement Cautionary Statement About Forward-Looking Statements, continued Non-GAAP Financial Measures: This presentation includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are considered non-GAAP measu
Slide 15: Trademarks and copyright notice
© 2021 DuPont de Nemours, Inc. All rights reserved. © 2020 DuPont. All rights reserved. DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. Nothing contained herein shall be construed as