SlideShare una empresa de Scribd logo
1 de 20
Descargar para leer sin conexión
DuPont
                                                 4Q 2008 Earnings Conference Call




                           January 27, 2009




The contents of these slides and web site pages are protected under copyright.
Any reproduction, copy, translation or use in whole or in part of any content,
graphic or information depicted herein requires the prior written approval of
E. I. du Pont de Nemours and Company. © 2009 DuPont. All rights reserved.
2



Regulation G
 The attached charts include company information that does not conform to generally accepted accounting
 principles (GAAP). Management believes that an analysis of this data is meaningful to investors because it
 provides insight with respect to ongoing operating results of the company and allows investors to better
 evaluate the financial results of the company. These measures should not be viewed as an alternative to
 GAAP measures of performance. Furthermore, these measures may not be consistent with similar
 measures provided by other companies.

 This data should be read in conjunction with the company’s fourth quarter earnings news release dated
 January 27, 2009, which will be furnished to the SEC on Form 8-K. Reconciliations of non-GAAP measures
 to GAAP results are available on the Investor Center website at www.dupont.com.


Forward Looking Statements
 During the course of this presentation we may make forward-looking statements or provide forward-looking
 information. All statements that address expectations or projections about the future are forward-looking
 statements. Some of these statements include words such as quot;expects,quot; quot;anticipates,” quot;plans,quot; quot;intends,quot;
 quot;projects,quot; and quot;indicates.” Although they reflect our current expectations, these statements are not
 guarantees of future performance, but involve a number of risks, uncertainties, and assumptions. Some of
 those risk factors include economic conditions, competitive pressures, challenges associated with research
 and development, market acceptance of new products, and regulatory approval. We urge you to review
 DuPont's SEC filings, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q,
 for a discussion of some of the factors which could cause actual results to differ materially.
 The Company does not undertake to update any forward-looking statements as a result of future
 developments or new information.




                                                                         © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
3




     4Q & Full Year 2008 Financial Highlights
    $ Billions Except EPS

                                                                              4Q                   Change                      2008                  Change
        EPS
            Reported                                                        ($.70)                                            $2.20
            Underlying*                                                     ($.28)                 (149%)                     $2.78                    (15%)
        Segment Pre-Tax                                                       ($.1)                (106%)                        $4.4                  (14%)
        Operating Income/(Loss)*

        Consolidated Net Sales                                                 $5.8                  (17%)                    $30.5                          4%
                                                                                                       (20%)                                                (5%)
            Volume
                                                                                                           7%                                                 7%
            Local prices
                                                                                                         (3%)                                                 3%
            Currency impact
                                                                                                         (1%)                                               (1%)
            Portfolio Chg & Other

                                                                            4Q08                       4Q07                   2008                        2007
        Base Tax Rate                                                       45.2%                   17.9%                    20.4%                     23.9%


* Excludes significant items. See Schedule B in news release for a list of significant items. See Schedule C in
news release for detailed reconciliations of non-GAAP measures.                                                   © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
4




   Global Sales Regional Highlights

           4Q 2008 Sales Distribution                                                  4Q 2008 Sales Growth

                       Developed
                        Europe                                                  Region                                               %
                                                          Emerging
                          23%                               Asia
Emerging
                                                             9%
 EMEA                                                                           Worldwide                                          (17)
   6%                                                               Developed
                                                                      Asia      U.S.                                                (15)
                                                                      10%
                                                                                Non-U.S.                                            (17)
                                                                       Canada
                                                                         3%     Emerging Markets *                                  (16)
                                                        Latin
         U.S.                                                                                                                       (19)
                                                                                                Emerging Asia
                                                       America
         34%
                                                         15%                                                                        (26)
                                                                                             Emerging EMEA

                                                                                                                                    (10)
                                                                                                 Latin America



  *Refer to the company’s website for a definition of ‘emerging markets’.

                                                                                           © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
5




 Global Sales Segment Highlights*

       4Q 2008 Sales Distribution                                         4Q 2008 Sales Growth


                  S&P                                                                                                     Port-
                                                                                Total        USD
                                                  Ag &       Segments                                      Vol.           folio
                  22%                                                            %           Price
                                                                                                                          Chg.
                                                 Nutrition
                                                   21%       Ag & Nutrition       (2)           8           (9)             (1)

                                                             Coatings & Color
                                                                                 (21)           1          (22)              0
                                                             Technologies
                                                             Electronic &
PM                                                           Communication       (13)           1          (15)              1
                                                    C&CT
21%                                                          Technologies
                                                     22%
                                                             Performance
                                                                                 (30)           3          (32)             (1)
                                                             Materials

                                                             Safety &
                                E&CT                                             (10)           7          (15)             (2)
                                                             Protection
                                 14%




*Segment sales includes intercompany transfers                                  © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
6




                 4Q 2008 EPS Waterfall
$1.20
                                       ($0.48)
                          $0.44


$0.80
                                                     ($0.55)
            $.60
$0.40     Reported
           EPS*

            $.57
         Underlying
                                                                   ($0.21)
           EPS
$0.00
                                                                                                                                                      ($.28)
                                                                                                          $0.09 ($0.07)
                                                                                               ($0.04)
                                                                                  $0.02                                               ($0.05) Underlying
                                                                                                                                                        EPS

                                                                                                                                                      ($.70)
-$0.40
                                                                                                                                                     Reported
                                                                                                                                                      EPS**


-$0.80
             4Q07       Local Price    Variable       Volum e        Low er      Fixed Costs   Currency   Taxes        Exchange         Other           4Q08
                                        Costs                       Capacity                                             Loss
                                                                   Utilization

 * Reported 4Q07 EPS of $.60 includes a $.03 per share benefit for significant items.
 ** Reported 4Q08 EPS loss of $.70 includes a $.42 per share charge for significant items.
    See schedule B in the news release for a list of significant items.                                   © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
7


       Strong Balance Sheet



         Ample liquidity                                                  CP Balance    CP Rate
                                                           $4                                            8%

           • $3.7B in cash & investment
             12/31/08, ~$.3B in CP, $2.7B in




                                                                                                              Avg Cost of CP Borrowing
             untapped credit lines




                                               $ Billion
         Low funding cost                                  $2                                            4%

           • A/A2 Long Term Credit Rating &
             A1/P1 Short Term Credit Rating
         Taking actions to maintain our
         strong position                                   $0                                            0%
                                                                4Q07   1Q08      2Q08      3Q08   4Q08




1/26/2009 DUPONT CONFIDENTIAL
8




2009 Earnings & Cash Guidance
                                                             1Q EPS Outlook
Actions                                                 $1.31
                                                                                     $.50-$.70
 • Deliver cost and capital productivity        $1.00

 • Capture growth & value; agriculture          $0.50
   markets
                                                $0.00
 • Disciplined pricing on science-based
                                                        1Q08                           1Q09E
   offerings
 • Leveraging our leading positions in
                                                          Full Year Outlook
   multiple end markets

                                                         $2.78                       $2.00-$2.50
 Challenges                                        $3

 • Global economic conditions & visibility in      $2
   many end markets
                                                   $1
 • Pension non-cash earnings impact
 • Currency                                        $0
                                                         2008                            2009E


                 2009 $2.5 Billion in Free Cash Flow Confirmed

                                                        © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
9




     Ag & Nutrition
     4Q08 Segment Highlights


                              Sales (2%)                                                                        PTOI (84%)*
       $1,400
                                                                                                 ($30)
       $1,200
                                                                                             ($100)
       $1,000

          $800                                                                               ($170)
                                                                                                              4Q07                   4Q08
                          4Q07                4Q08

                          4Q08 Results                                                                     1H09 Outlook
+ Strong pricing                                                                   + Strong global seed volume and price
+ Seed market share gains in Latin America                                         + Rynaxypyr® sales
– Crop protection seasonal patterns                                                – Currency
– Growth investments in seed                                                       – Commodity prices and continued growth investments
– Commodity and other raw material costs

                                          Strong Latin American season closes out 2008;
                                              Robust start to North American season
 * See schedule C and D in the news release for reconciliation of non-GAAP measures. 4Q07 PTOI
 included a $15 million gain from an asset divestiture.
                                                                                                     © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
10




  Coatings & Color Technologies
    4Q08 Segment Highlights


                          Sales (21%)                                                                    PTOI (130%)*
     $1,800
                                                                                           $300
     $1,400                                                                                $200
                                                                                           $100
     $1,000
                                                                                              $0
        $600
                                                                                          -$100
                        4Q07               4Q08                                                          4Q07                   4Q08

                          4Q08 Results                                                                 1Q09 Outlook
+ Titanium dioxide and refinish products global price                            + Cost reduction / working capital management
–                                                                                –
    Global motor vehicle production (19%) **                                          Global motor vehicle production (28%) **
–                                                                                –
    Global destocking                                                                 Low capacity utilization & raw material costs
–   Raw material & transportation cost
–   Low capacity utilization

                                Unprecedented demand contraction hurts 4Q;
                                        Continued weakness in 1Q
* See schedule C and D in the news release for reconciliation of non-GAAP measures.
* * Source: CSM WW Inc
                                                                                                © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
11




       Electronic & Communication Technologies
        4Q08 Segment Highlights

                                Sales (13%)                                                              PTOI (94%)*
          $1,000
                                                                                        $160
             $800
                                                                                          $80

             $600                                                                          $0
                              4Q07                4Q08                                                   4Q07                   4Q08


                              4Q08 Results                                                               1Q09 Outlook
                                                                                      + Cost actions & inventory management
      + Strong sales of Tedlar® into photovoltaics
      + Pricing primarily in fluoroproducts                                           – Demand more challenging sequentially & YOY
      –                                                                                 electronics & fluoropolymers
          Global slowdown; most markets & regions
                                                                                      – Low capacity utilization & raw material costs
      –   Low capacity utilization & raw material costs
                                                                                      – Currency

                      Sharp global downturn affects 4Q; Challenges continue in 1Q

* See schedule C and D in the news release for reconciliation of non-GAAP measures.
4Q07 PTOI included a $28 million gain from a land sale
                                                                                                  © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
12




       Performance Materials
       4Q08 Segment Highlights


                               Sales (30%)                                                                PTOI (169%)*
          $1,800                                                                              $200
                                                                                              $100
          $1,400
                                                                                                $0
          $1,000
                                                                                             -$100
            $600                                                                             -$200
                             4Q07                4Q08                                                       4Q07                   4Q08

                           4Q08 Results                                                                  1Q09 Outlook
    + Fixed cost reductions                                                           + Raw material price decline start to impact late 1Q
    + Orange, TX plant site polymer units repaired                                    + Operations/supply chain restoration post hurricane
    – Weak demand in most major markets and regions                                   + Cost reduction / working capital management
    – Product availability due to hurricane impact                                    – Motor vehicle demand
    – Feedstock costs and low capacity utilization                                    – Global industrial demand down sequentially


                           Rapid demand decline; Intense focus on cost and capital

* See schedule C and D in the news release for reconciliation of non-GAAP measures.
                                                                                                   © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
13




       Safety & Protection
       4Q08 Segment Highlights


                                                                                                               PTOI (62%)*
                             Sales (10%)
          $1,500                                                                                $300


          $1,000                                                                                $150

             $500                                                                                  $0
                             4Q07                4Q08                                                            4Q07                   4Q08
                              4Q08 Results                                                           1Q09 Outlook
   + Pricing primarily in aramids and chemical products                               + Nomex® and parts of Kevlar® strong demand
   –   Double digit volume decline in most segments                                   + Lower raw material prices
   –   U.S. construction market faced further weakness                                –   Demand down sequentially in most product lines
   –   Short-term effect from growth investments



                                  U.S. housing starts reduced over 30% in 2008;
                                           Pressure continues in 2009
* See schedule C and D in the news release for reconciliation of non-GAAP measures.
                                                                                                        © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
14



2009 Directives




                  Drive Sales & Earnings
                  • Deliver against segment specific targets

                  Reduce Costs
                  • $730 million fixed cost reduction programs

                  Reduce Capital Spending
                  • ~ $1.6 billion

                  Reduce Working Capital
                  • $1 billion target


                                        © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
15




Appendix

• Industrial chemical prices
• Total company volume and local pricing trends
• Fixed cost control




                                      © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
16




        Industrial Chemical Prices

                   Sequential Price Level                                              YOY % Change




Source: Bureau of Labor Statistics U.S. Producer Price Index of Industrial Chemicals
                                                                                        © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
17



DuPont Sales Volume Worldwide*
                                                                                             120
 15    * History excludes
                                                                                             115
       Textiles & Interiors
 10
                                                                                             110
  5                                                                                          105
                                                                                             100
  0
                                                                                             95
  -5
                                                                                             90
 -10
 -15
                                    Yr/Yr % Change (Left)
 -20                                Volume Level 4qma (1999 = 100 Right)

 -25
       00      01         02   03   04     05       06           07             08

                                                       © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
18



DuPont Selling Prices Worldwide*

 10                                                                                                120
           Yr/Yr % Change (Left)
           Index 4qma (1999 = 100 Right)

  8                                                                                                115
  6
                                                                                                   110
  4
                                                                                                   105
  2
  0                                                                                                100
                                                 * Prices in local currency terms
 -2                                              (Adjusted for currency & history
                                                                                                   95
                                                  excludes Textiles & Interiors)

 -4
      00      01       02        03        04   05      06            07              08
                                                          © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
19




                             Productivity Initiative Fixed Cost Control
                             Fixed Costs as % of Consolidated Sales


                                                      Quarterly                                                              Annually



                        55
                                  2004
Fixed Cost % of Sales




                                  2005
                                                                                                              45.2
                                                                                                                         44.6
                                  2006
                        50                                                                               45
                                  2007
                                                                                                                                       42.5
                                  2008
                                                                                                                                                                     41.2
                                                                                                                                                      41.0
                        45


                        40


                        35                                                                               35
                                                                                                              2004      2005           2006           2007           2008
                                    1 Qtr                 2 Qtr                3 Qtr             4 Qtr




                             Note: Data excludes significant items in all periods and has been
                                   adjusted for 2004 to exclude Textiles & Interiors.                                © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
du pont 4Q08 Conference Call Slides

Más contenido relacionado

La actualidad más candente

monsanto 01_08_09
monsanto 01_08_09monsanto 01_08_09
monsanto 01_08_09
finance28
 
monsanto 01-08-08
monsanto 01-08-08monsanto 01-08-08
monsanto 01-08-08
finance28
 
SHW_4Q_YE_2008
SHW_4Q_YE_2008SHW_4Q_YE_2008
SHW_4Q_YE_2008
finance21
 
air products & chemicals 5 December 2007 Citi Basic Materials
air products & chemicals 5 December 2007 Citi Basic Materialsair products & chemicals 5 December 2007 Citi Basic Materials
air products & chemicals 5 December 2007 Citi Basic Materials
finance26
 
Presentation 1 q10 results
Presentation   1 q10 resultsPresentation   1 q10 results
Presentation 1 q10 results
Braskem_RI
 
Conference call presentation 1 q10 results
Conference call presentation   1 q10 resultsConference call presentation   1 q10 results
Conference call presentation 1 q10 results
Braskem_RI
 
AkzoNobel Q4 and Full Year 2011 Media Presentation
AkzoNobel Q4 and Full Year 2011 Media PresentationAkzoNobel Q4 and Full Year 2011 Media Presentation
AkzoNobel Q4 and Full Year 2011 Media Presentation
AkzoNobel
 

La actualidad más candente (15)

monsanto 01_08_09
monsanto 01_08_09monsanto 01_08_09
monsanto 01_08_09
 
Heavy Reading - Mobile Operator Perspectives: Monetization Optimization and V...
Heavy Reading - Mobile Operator Perspectives: Monetization Optimization and V...Heavy Reading - Mobile Operator Perspectives: Monetization Optimization and V...
Heavy Reading - Mobile Operator Perspectives: Monetization Optimization and V...
 
Banco Santander profit of eur 8.181 billion 2010
Banco Santander profit of eur 8.181 billion 2010Banco Santander profit of eur 8.181 billion 2010
Banco Santander profit of eur 8.181 billion 2010
 
monsanto 01-08-08
monsanto 01-08-08monsanto 01-08-08
monsanto 01-08-08
 
SHW_4Q_YE_2008
SHW_4Q_YE_2008SHW_4Q_YE_2008
SHW_4Q_YE_2008
 
Economic Highlights Presentation, Q3 2011
Economic Highlights Presentation, Q3 2011Economic Highlights Presentation, Q3 2011
Economic Highlights Presentation, Q3 2011
 
Apresentação resultados eng 1 t10.final
Apresentação resultados eng 1 t10.finalApresentação resultados eng 1 t10.final
Apresentação resultados eng 1 t10.final
 
air products & chemicals 5 December 2007 Citi Basic Materials
air products & chemicals 5 December 2007 Citi Basic Materialsair products & chemicals 5 December 2007 Citi Basic Materials
air products & chemicals 5 December 2007 Citi Basic Materials
 
Presentation 1 q10 results
Presentation   1 q10 resultsPresentation   1 q10 results
Presentation 1 q10 results
 
Conference call presentation 1 q10 results
Conference call presentation   1 q10 resultsConference call presentation   1 q10 results
Conference call presentation 1 q10 results
 
AkzoNobel Q4 and Full Year 2011 Media Presentation
AkzoNobel Q4 and Full Year 2011 Media PresentationAkzoNobel Q4 and Full Year 2011 Media Presentation
AkzoNobel Q4 and Full Year 2011 Media Presentation
 
0903 10 Core Tools To Drive Growth
0903 10 Core Tools To Drive Growth0903 10 Core Tools To Drive Growth
0903 10 Core Tools To Drive Growth
 
Third Quarter 2009 Financial Results
Third Quarter 2009 Financial ResultsThird Quarter 2009 Financial Results
Third Quarter 2009 Financial Results
 
csx Q3_2006
csx  Q3_2006csx  Q3_2006
csx Q3_2006
 
csx Q3_2005
csx  Q3_2005csx  Q3_2005
csx Q3_2005
 

Destacado (7)

consoliddated edison 2007 joint proxy
 consoliddated edison 2007 joint proxy  consoliddated edison 2007 joint proxy
consoliddated edison 2007 joint proxy
 
Rotwmt
RotwmtRotwmt
Rotwmt
 
Dzisiaj
DzisiajDzisiaj
Dzisiaj
 
Copia De 1 Mayo Lenguaje
Copia De 1 Mayo LenguajeCopia De 1 Mayo Lenguaje
Copia De 1 Mayo Lenguaje
 
Julio Actividad Integradora 6ª
Julio Actividad Integradora 6ªJulio Actividad Integradora 6ª
Julio Actividad Integradora 6ª
 
aetna Download Documentation 2004 Notice of Annual Meeting and Proxy Statement
aetna Download Documentation	2004 Notice of Annual Meeting and Proxy Statementaetna Download Documentation	2004 Notice of Annual Meeting and Proxy Statement
aetna Download Documentation 2004 Notice of Annual Meeting and Proxy Statement
 
Faculty
FacultyFaculty
Faculty
 

Similar a du pont 4Q08 Conference Call Slides

Honeywell Guidance Announcement Presentation
Honeywell 	 Guidance Announcement PresentationHoneywell 	 Guidance Announcement Presentation
Honeywell Guidance Announcement Presentation
finance8
 
Presentation on Q1 2009 Earning Report of Yahoo Inc.
Presentation on Q1 2009 Earning Report of Yahoo Inc.Presentation on Q1 2009 Earning Report of Yahoo Inc.
Presentation on Q1 2009 Earning Report of Yahoo Inc.
earningreport earningreport
 
liberty global Q2_2008_Presentation
liberty global Q2_2008_Presentationliberty global Q2_2008_Presentation
liberty global Q2_2008_Presentation
finance43
 
emerson electricl 2009 Annual Investor Conference_Farr
emerson electricl 	2009 Annual Investor Conference_Farremerson electricl 	2009 Annual Investor Conference_Farr
emerson electricl 2009 Annual Investor Conference_Farr
finance12
 
Yahoo Earnings Q3 2008
Yahoo Earnings Q3 2008Yahoo Earnings Q3 2008
Yahoo Earnings Q3 2008
Keith Teare
 
Yahoo 3q08earningspreso Updated
Yahoo 3q08earningspreso UpdatedYahoo 3q08earningspreso Updated
Yahoo 3q08earningspreso Updated
gueste3e4f5
 
air products & chemicals 2007 Sep18 BofA
air products & chemicals 2007 Sep18 BofAair products & chemicals 2007 Sep18 BofA
air products & chemicals 2007 Sep18 BofA
finance26
 
yahoo 4Q08EarningsPresentation
yahoo 4Q08EarningsPresentationyahoo 4Q08EarningsPresentation
yahoo 4Q08EarningsPresentation
finance32
 
yahoo 3Q08EarningsPreso
yahoo 3Q08EarningsPresoyahoo 3Q08EarningsPreso
yahoo 3Q08EarningsPreso
finance32
 
Q4 2008 Comcast Corporation Earnings Conference Call
	Q4 2008 Comcast Corporation Earnings Conference Call	Q4 2008 Comcast Corporation Earnings Conference Call
Q4 2008 Comcast Corporation Earnings Conference Call
finance8
 
Conference Call Presentation 4Q09
Conference Call Presentation 4Q09Conference Call Presentation 4Q09
Conference Call Presentation 4Q09
Tempo
 
Q1 2009 Earning Report of Honeywell International Inc.
Q1 2009 Earning Report of Honeywell International Inc.Q1 2009 Earning Report of Honeywell International Inc.
Q1 2009 Earning Report of Honeywell International Inc.
earningreport earningreport
 

Similar a du pont 4Q08 Conference Call Slides (20)

Honeywell Guidance Announcement Presentation
Honeywell 	 Guidance Announcement PresentationHoneywell 	 Guidance Announcement Presentation
Honeywell Guidance Announcement Presentation
 
Presentation on Q1 2009 Earning Report of Yahoo Inc.
Presentation on Q1 2009 Earning Report of Yahoo Inc.Presentation on Q1 2009 Earning Report of Yahoo Inc.
Presentation on Q1 2009 Earning Report of Yahoo Inc.
 
Yhoo 1 Q09 Earnings Presentation Final
Yhoo 1 Q09 Earnings Presentation FinalYhoo 1 Q09 Earnings Presentation Final
Yhoo 1 Q09 Earnings Presentation Final
 
liberty global Q2_2008_Presentation
liberty global Q2_2008_Presentationliberty global Q2_2008_Presentation
liberty global Q2_2008_Presentation
 
emerson electricl 2009 Annual Investor Conference_Farr
emerson electricl 	2009 Annual Investor Conference_Farremerson electricl 	2009 Annual Investor Conference_Farr
emerson electricl 2009 Annual Investor Conference_Farr
 
Yahoo Earnings Q3 2008
Yahoo Earnings Q3 2008Yahoo Earnings Q3 2008
Yahoo Earnings Q3 2008
 
Yahoo 3q08earningspreso Updated
Yahoo 3q08earningspreso UpdatedYahoo 3q08earningspreso Updated
Yahoo 3q08earningspreso Updated
 
air products & chemicals 2007 Sep18 BofA
air products & chemicals 2007 Sep18 BofAair products & chemicals 2007 Sep18 BofA
air products & chemicals 2007 Sep18 BofA
 
Yahoo 4Q 2008 Earnings Presentation
Yahoo 4Q 2008 Earnings PresentationYahoo 4Q 2008 Earnings Presentation
Yahoo 4Q 2008 Earnings Presentation
 
yahoo 4Q08EarningsPresentation
yahoo 4Q08EarningsPresentationyahoo 4Q08EarningsPresentation
yahoo 4Q08EarningsPresentation
 
Slides from Conference Call
Slides from Conference CallSlides from Conference Call
Slides from Conference Call
 
Slides from Conference Call
Slides from Conference CallSlides from Conference Call
Slides from Conference Call
 
Read the Earnings Release
Read the Earnings ReleaseRead the Earnings Release
Read the Earnings Release
 
yahoo 3Q08EarningsPreso
yahoo 3Q08EarningsPresoyahoo 3Q08EarningsPreso
yahoo 3Q08EarningsPreso
 
Q4 2008 Comcast Corporation Earnings Conference Call
	Q4 2008 Comcast Corporation Earnings Conference Call	Q4 2008 Comcast Corporation Earnings Conference Call
Q4 2008 Comcast Corporation Earnings Conference Call
 
Conference Call Presentation 4Q09
Conference Call Presentation 4Q09Conference Call Presentation 4Q09
Conference Call Presentation 4Q09
 
Ge Q3 2008 Earnings
Ge Q3 2008 EarningsGe Q3 2008 Earnings
Ge Q3 2008 Earnings
 
ge_Q1 2008 earnings
ge_Q1 2008 earningsge_Q1 2008 earnings
ge_Q1 2008 earnings
 
Ge Earnings Main Presentation 04112008
Ge Earnings Main Presentation 04112008Ge Earnings Main Presentation 04112008
Ge Earnings Main Presentation 04112008
 
Q1 2009 Earning Report of Honeywell International Inc.
Q1 2009 Earning Report of Honeywell International Inc.Q1 2009 Earning Report of Honeywell International Inc.
Q1 2009 Earning Report of Honeywell International Inc.
 

Más de finance9

enterprise gp holdings Organizational and Ownership Structure Chart
enterprise gp holdings  Organizational and Ownership Structure Chart enterprise gp holdings  Organizational and Ownership Structure Chart
enterprise gp holdings Organizational and Ownership Structure Chart
finance9
 
enterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conductenterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conduct
finance9
 
enterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelinesenterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelines
finance9
 
enterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committeeenterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committee
finance9
 
enterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policiesenterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policies
finance9
 
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
finance9
 
hca annual reports2000
hca annual reports2000hca annual reports2000
hca annual reports2000
finance9
 
hca annual reports2001
hca annual reports2001hca annual reports2001
hca annual reports2001
finance9
 
hca annual reports2002
hca annual reports2002hca annual reports2002
hca annual reports2002
finance9
 
hca annual reports2003
hca annual reports2003hca annual reports2003
hca annual reports2003
finance9
 
hca annual reports2004
hca annual reports2004hca annual reports2004
hca annual reports2004
finance9
 
hca annual reports2005
hca annual reports2005hca annual reports2005
hca annual reports2005
finance9
 
JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008
finance9
 
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
finance9
 
tyson foods 2007 Sustainability Report
tyson foods  2007 Sustainability Report tyson foods  2007 Sustainability Report
tyson foods 2007 Sustainability Report
finance9
 
tyson foods Investor Fact Book
tyson foods Investor Fact Book tyson foods Investor Fact Book
tyson foods Investor Fact Book
finance9
 
tyson foods 2008 Annual Report
tyson foods  2008 Annual Report tyson foods  2008 Annual Report
tyson foods 2008 Annual Report
finance9
 
general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement	 general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement
finance9
 
general dynamics 2007 Annual Report
general dynamics 2007 Annual Report	general dynamics 2007 Annual Report
general dynamics 2007 Annual Report
finance9
 
general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation
finance9
 

Más de finance9 (20)

enterprise gp holdings Organizational and Ownership Structure Chart
enterprise gp holdings  Organizational and Ownership Structure Chart enterprise gp holdings  Organizational and Ownership Structure Chart
enterprise gp holdings Organizational and Ownership Structure Chart
 
enterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conductenterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conduct
 
enterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelinesenterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelines
 
enterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committeeenterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committee
 
enterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policiesenterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policies
 
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
 
hca annual reports2000
hca annual reports2000hca annual reports2000
hca annual reports2000
 
hca annual reports2001
hca annual reports2001hca annual reports2001
hca annual reports2001
 
hca annual reports2002
hca annual reports2002hca annual reports2002
hca annual reports2002
 
hca annual reports2003
hca annual reports2003hca annual reports2003
hca annual reports2003
 
hca annual reports2004
hca annual reports2004hca annual reports2004
hca annual reports2004
 
hca annual reports2005
hca annual reports2005hca annual reports2005
hca annual reports2005
 
JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008
 
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
 
tyson foods 2007 Sustainability Report
tyson foods  2007 Sustainability Report tyson foods  2007 Sustainability Report
tyson foods 2007 Sustainability Report
 
tyson foods Investor Fact Book
tyson foods Investor Fact Book tyson foods Investor Fact Book
tyson foods Investor Fact Book
 
tyson foods 2008 Annual Report
tyson foods  2008 Annual Report tyson foods  2008 Annual Report
tyson foods 2008 Annual Report
 
general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement	 general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement
 
general dynamics 2007 Annual Report
general dynamics 2007 Annual Report	general dynamics 2007 Annual Report
general dynamics 2007 Annual Report
 
general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation
 

Último

CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
anilsa9823
 
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
dipikadinghjn ( Why You Choose Us? ) Escorts
 

Último (20)

Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
 
Basic concepts related to Financial modelling
Basic concepts related to Financial modellingBasic concepts related to Financial modelling
Basic concepts related to Financial modelling
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdf
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
 
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
The Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdfThe Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdf
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
 

du pont 4Q08 Conference Call Slides

  • 1. DuPont 4Q 2008 Earnings Conference Call January 27, 2009 The contents of these slides and web site pages are protected under copyright. Any reproduction, copy, translation or use in whole or in part of any content, graphic or information depicted herein requires the prior written approval of E. I. du Pont de Nemours and Company. © 2009 DuPont. All rights reserved.
  • 2. 2 Regulation G The attached charts include company information that does not conform to generally accepted accounting principles (GAAP). Management believes that an analysis of this data is meaningful to investors because it provides insight with respect to ongoing operating results of the company and allows investors to better evaluate the financial results of the company. These measures should not be viewed as an alternative to GAAP measures of performance. Furthermore, these measures may not be consistent with similar measures provided by other companies. This data should be read in conjunction with the company’s fourth quarter earnings news release dated January 27, 2009, which will be furnished to the SEC on Form 8-K. Reconciliations of non-GAAP measures to GAAP results are available on the Investor Center website at www.dupont.com. Forward Looking Statements During the course of this presentation we may make forward-looking statements or provide forward-looking information. All statements that address expectations or projections about the future are forward-looking statements. Some of these statements include words such as quot;expects,quot; quot;anticipates,” quot;plans,quot; quot;intends,quot; quot;projects,quot; and quot;indicates.” Although they reflect our current expectations, these statements are not guarantees of future performance, but involve a number of risks, uncertainties, and assumptions. Some of those risk factors include economic conditions, competitive pressures, challenges associated with research and development, market acceptance of new products, and regulatory approval. We urge you to review DuPont's SEC filings, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, for a discussion of some of the factors which could cause actual results to differ materially. The Company does not undertake to update any forward-looking statements as a result of future developments or new information. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 3. 3 4Q & Full Year 2008 Financial Highlights $ Billions Except EPS 4Q Change 2008 Change EPS Reported ($.70) $2.20 Underlying* ($.28) (149%) $2.78 (15%) Segment Pre-Tax ($.1) (106%) $4.4 (14%) Operating Income/(Loss)* Consolidated Net Sales $5.8 (17%) $30.5 4% (20%) (5%) Volume 7% 7% Local prices (3%) 3% Currency impact (1%) (1%) Portfolio Chg & Other 4Q08 4Q07 2008 2007 Base Tax Rate 45.2% 17.9% 20.4% 23.9% * Excludes significant items. See Schedule B in news release for a list of significant items. See Schedule C in news release for detailed reconciliations of non-GAAP measures. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 4. 4 Global Sales Regional Highlights 4Q 2008 Sales Distribution 4Q 2008 Sales Growth Developed Europe Region % Emerging 23% Asia Emerging 9% EMEA Worldwide (17) 6% Developed Asia U.S. (15) 10% Non-U.S. (17) Canada 3% Emerging Markets * (16) Latin U.S. (19) Emerging Asia America 34% 15% (26) Emerging EMEA (10) Latin America *Refer to the company’s website for a definition of ‘emerging markets’. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 5. 5 Global Sales Segment Highlights* 4Q 2008 Sales Distribution 4Q 2008 Sales Growth S&P Port- Total USD Ag & Segments Vol. folio 22% % Price Chg. Nutrition 21% Ag & Nutrition (2) 8 (9) (1) Coatings & Color (21) 1 (22) 0 Technologies Electronic & PM Communication (13) 1 (15) 1 C&CT 21% Technologies 22% Performance (30) 3 (32) (1) Materials Safety & E&CT (10) 7 (15) (2) Protection 14% *Segment sales includes intercompany transfers © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 6. 6 4Q 2008 EPS Waterfall $1.20 ($0.48) $0.44 $0.80 ($0.55) $.60 $0.40 Reported EPS* $.57 Underlying ($0.21) EPS $0.00 ($.28) $0.09 ($0.07) ($0.04) $0.02 ($0.05) Underlying EPS ($.70) -$0.40 Reported EPS** -$0.80 4Q07 Local Price Variable Volum e Low er Fixed Costs Currency Taxes Exchange Other 4Q08 Costs Capacity Loss Utilization * Reported 4Q07 EPS of $.60 includes a $.03 per share benefit for significant items. ** Reported 4Q08 EPS loss of $.70 includes a $.42 per share charge for significant items. See schedule B in the news release for a list of significant items. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 7. 7 Strong Balance Sheet Ample liquidity CP Balance CP Rate $4 8% • $3.7B in cash & investment 12/31/08, ~$.3B in CP, $2.7B in Avg Cost of CP Borrowing untapped credit lines $ Billion Low funding cost $2 4% • A/A2 Long Term Credit Rating & A1/P1 Short Term Credit Rating Taking actions to maintain our strong position $0 0% 4Q07 1Q08 2Q08 3Q08 4Q08 1/26/2009 DUPONT CONFIDENTIAL
  • 8. 8 2009 Earnings & Cash Guidance 1Q EPS Outlook Actions $1.31 $.50-$.70 • Deliver cost and capital productivity $1.00 • Capture growth & value; agriculture $0.50 markets $0.00 • Disciplined pricing on science-based 1Q08 1Q09E offerings • Leveraging our leading positions in Full Year Outlook multiple end markets $2.78 $2.00-$2.50 Challenges $3 • Global economic conditions & visibility in $2 many end markets $1 • Pension non-cash earnings impact • Currency $0 2008 2009E 2009 $2.5 Billion in Free Cash Flow Confirmed © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 9. 9 Ag & Nutrition 4Q08 Segment Highlights Sales (2%) PTOI (84%)* $1,400 ($30) $1,200 ($100) $1,000 $800 ($170) 4Q07 4Q08 4Q07 4Q08 4Q08 Results 1H09 Outlook + Strong pricing + Strong global seed volume and price + Seed market share gains in Latin America + Rynaxypyr® sales – Crop protection seasonal patterns – Currency – Growth investments in seed – Commodity prices and continued growth investments – Commodity and other raw material costs Strong Latin American season closes out 2008; Robust start to North American season * See schedule C and D in the news release for reconciliation of non-GAAP measures. 4Q07 PTOI included a $15 million gain from an asset divestiture. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 10. 10 Coatings & Color Technologies 4Q08 Segment Highlights Sales (21%) PTOI (130%)* $1,800 $300 $1,400 $200 $100 $1,000 $0 $600 -$100 4Q07 4Q08 4Q07 4Q08 4Q08 Results 1Q09 Outlook + Titanium dioxide and refinish products global price + Cost reduction / working capital management – – Global motor vehicle production (19%) ** Global motor vehicle production (28%) ** – – Global destocking Low capacity utilization & raw material costs – Raw material & transportation cost – Low capacity utilization Unprecedented demand contraction hurts 4Q; Continued weakness in 1Q * See schedule C and D in the news release for reconciliation of non-GAAP measures. * * Source: CSM WW Inc © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 11. 11 Electronic & Communication Technologies 4Q08 Segment Highlights Sales (13%) PTOI (94%)* $1,000 $160 $800 $80 $600 $0 4Q07 4Q08 4Q07 4Q08 4Q08 Results 1Q09 Outlook + Cost actions & inventory management + Strong sales of Tedlar® into photovoltaics + Pricing primarily in fluoroproducts – Demand more challenging sequentially & YOY – electronics & fluoropolymers Global slowdown; most markets & regions – Low capacity utilization & raw material costs – Low capacity utilization & raw material costs – Currency Sharp global downturn affects 4Q; Challenges continue in 1Q * See schedule C and D in the news release for reconciliation of non-GAAP measures. 4Q07 PTOI included a $28 million gain from a land sale © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 12. 12 Performance Materials 4Q08 Segment Highlights Sales (30%) PTOI (169%)* $1,800 $200 $100 $1,400 $0 $1,000 -$100 $600 -$200 4Q07 4Q08 4Q07 4Q08 4Q08 Results 1Q09 Outlook + Fixed cost reductions + Raw material price decline start to impact late 1Q + Orange, TX plant site polymer units repaired + Operations/supply chain restoration post hurricane – Weak demand in most major markets and regions + Cost reduction / working capital management – Product availability due to hurricane impact – Motor vehicle demand – Feedstock costs and low capacity utilization – Global industrial demand down sequentially Rapid demand decline; Intense focus on cost and capital * See schedule C and D in the news release for reconciliation of non-GAAP measures. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 13. 13 Safety & Protection 4Q08 Segment Highlights PTOI (62%)* Sales (10%) $1,500 $300 $1,000 $150 $500 $0 4Q07 4Q08 4Q07 4Q08 4Q08 Results 1Q09 Outlook + Pricing primarily in aramids and chemical products + Nomex® and parts of Kevlar® strong demand – Double digit volume decline in most segments + Lower raw material prices – U.S. construction market faced further weakness – Demand down sequentially in most product lines – Short-term effect from growth investments U.S. housing starts reduced over 30% in 2008; Pressure continues in 2009 * See schedule C and D in the news release for reconciliation of non-GAAP measures. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 14. 14 2009 Directives Drive Sales & Earnings • Deliver against segment specific targets Reduce Costs • $730 million fixed cost reduction programs Reduce Capital Spending • ~ $1.6 billion Reduce Working Capital • $1 billion target © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 15. 15 Appendix • Industrial chemical prices • Total company volume and local pricing trends • Fixed cost control © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 16. 16 Industrial Chemical Prices Sequential Price Level YOY % Change Source: Bureau of Labor Statistics U.S. Producer Price Index of Industrial Chemicals © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 17. 17 DuPont Sales Volume Worldwide* 120 15 * History excludes 115 Textiles & Interiors 10 110 5 105 100 0 95 -5 90 -10 -15 Yr/Yr % Change (Left) -20 Volume Level 4qma (1999 = 100 Right) -25 00 01 02 03 04 05 06 07 08 © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 18. 18 DuPont Selling Prices Worldwide* 10 120 Yr/Yr % Change (Left) Index 4qma (1999 = 100 Right) 8 115 6 110 4 105 2 0 100 * Prices in local currency terms -2 (Adjusted for currency & history 95 excludes Textiles & Interiors) -4 00 01 02 03 04 05 06 07 08 © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.
  • 19. 19 Productivity Initiative Fixed Cost Control Fixed Costs as % of Consolidated Sales Quarterly Annually 55 2004 Fixed Cost % of Sales 2005 45.2 44.6 2006 50 45 2007 42.5 2008 41.2 41.0 45 40 35 35 2004 2005 2006 2007 2008 1 Qtr 2 Qtr 3 Qtr 4 Qtr Note: Data excludes significant items in all periods and has been adjusted for 2004 to exclude Textiles & Interiors. © 2009 E.I. du Pont de Nemours and Company. All Rights Reserved.