DuPont de Nemours, Inc. (NYSE:DD) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Chris Mecray - VP, IR Ed Breen - CEO Lori Koch - CFO Conference Call Participants Jeff Sprague - Vertical Research Partners Scott Davis - Melius Research Steve Tusa - JPMorgan Mike Leithead - Barclays John McNulty - BMO Capital Markets David Begleiter - Deutsche Bank Aleksey Yefremov - KeyBanc Capital Markets Josh Spector - UBS Vincent Andrews - Morgan Stanley Frank Mitsch - Fermium Research A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 September 30, 2023 For the quarterly period ended or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38196 DUPONT DE NEMOURS, INC. (Exact name of registrant as specified in its charter) Delaware 81-1224539 State or other jurisdiction of incorporation or organization (I ...

2Q 2023 Financial Results Non-GAAPFinancialMeasures:Unlessotherwiseindicated,allfinancialmetricspresentedanddiscussionofresultsreflectcontinuingoperationsonly. Thiscommunicationincludesinformationthatdoesnotconform toaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica(“U.S.GAAP”)andareconsiderednon-GAAPmeasures.Managementusesthesemeasuresinternallyforplanning, forecasting and evaluating the performance of the Company, including allocating resources. DuPont’s management believes these non-GAAP fi ...

DuPont de Nemours, Inc. (NYSE:DD) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET Company Participants Chris Mecray - Vice President, Investor Relations Ed Breen - Chief Executive Officer Lori Koch - Chief Financial Officer Conference Call Participants Bhavesh Lodaya - BMO Capital Markets Christopher Parkinson - Mizuho Securities John Roberts - Credit Suisse Steve Tusa - JPMorgan David Begleiter - Deutsche Bank Mike Leithead - Barclays Josh Spector - UBS Vincent Andrews - Morgan Stanley Frank Mit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 June 30, 2023 For the quarterly period ended or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38196 DUPONT DE NEMOURS, INC. (Exact name of registrant as specified in its charter) Delaware 81-1224539 State or other jurisdiction of incorporation or organization (I.R.S. ...

Financial Data and Key Metrics - Q1 2023 net sales decreased by 8% YoY to $3 billion, with a 3% organic decline [18] - Operating EBITDA declined by 13% YoY to $714 million, with a margin of 23.7%, down 130 basis points [20] - Adjusted EPS increased by 2% YoY to $0.84 per share [22] - Free cash flow was $102 million, impacted by $75 million in transaction costs related to the M&M deal and Delrin divestiture [21] Business Line Performance - Electronics & Industrial (E&I) segment sales declined by 16% YoY to $1.3 billion, driven by a 15% volume drop, particularly in Interconnect Solutions (down 21%) and Semiconductor Technologies (down mid-teens) [23] - Water & Protection (W&P) segment sales increased by 1% YoY to $1.45 billion, with Water Solutions up low double digits and Safety Solutions up mid-single digits [25] - Shelter Solutions within W&P declined mid-single digits due to softness in construction markets [25] Market Performance - North America sales increased by 1% YoY, Europe by 5%, while Asia Pacific declined by 10%, with China down nearly 20% due to electronics weakness [19] - Electronics and construction end markets saw high-teens volume declines, while other businesses grew low single digits [19] Strategic Direction and Industry Competition - The company announced the acquisition of Spectrum for $1.75 billion, expanding its healthcare portfolio and reducing cyclicality [7][8] - Spectrum is expected to generate $500 million in revenue in 2023 and grow at high single-digit rates, complementing DuPont's existing healthcare businesses [8][10] - The acquisition is expected to deliver high single-digit ROIC by year five, with $20 million in cost synergies [13] Management Commentary on Operating Environment and Future Outlook - Management expects ongoing strength in water, automotive, aerospace, and healthcare markets, with electronics recovery anticipated in Q3 2023 [26][27] - Full-year 2023 guidance includes net sales of $12.3-$12.5 billion, operating EBITDA of $3-$3.1 billion, and adjusted EPS of $3.55-$3.70 [28] - The company is focused on optimizing cash flow and minimizing volume pressure in the near term [6] Other Important Information - The company completed a $5 billion share repurchase authorization and reduced debt by $2.5 billion, with no significant debt maturities until November 2025 [14][15] - Net leverage is expected to finish the year around 2x, in line with multi-industrial peers [16] - The company published its annual sustainability report, highlighting progress on ESG goals, including a 30% reduction in Scope 1 and 2 greenhouse gas emissions [29][30] Q&A Session Summary Share Repurchases and Delrin Divestiture - The company has $2 billion left in its share repurchase program, with completion expected by Q1 2024 [34] - Delrin divestiture is expected to close by year-end 2023, with EBIT of $180 million [35] Pricing and Cost Outlook - Pricing in Q1 was 4%, with 6% in W&P, expected to decelerate to 1% overall in Q2 [38] - The company has not changed its $100 million price-cost spread assumption for 2023 [37] M&A and Capital Allocation - No significant M&A activity is expected in the near term, with a focus on completing the Spectrum acquisition [41] - The company may lean towards additional share repurchases with excess cash [42] Electronics Market Recovery - The electronics downturn is expected to last 3-4 quarters, with recovery anticipated in Q3 2023 [44][45] - Inventory destocking is expected to moderate in Q2, with recovery in Q3 and Q4 [110] Spectrum Acquisition and Margin Expansion - Spectrum's EBITDA margin is expected to improve by 300 basis points as new production capacity is utilized [51][52] - The acquisition is expected to deliver high single-digit ROIC, with potential for additional cost synergies [48][49] Water and Safety Business Resilience - Water Solutions and Safety Solutions are expected to remain strong, driven by secular trends in water filtration and healthcare packaging [58] - The EV market is also contributing to growth in the Safety Solutions segment [58] Raw Material Costs - Raw material costs have not yet seen significant declines, with potential upside in H2 2023 as prices adjust [93][95] PFAS Litigation Update - The company is in regular discussions with plaintiffs regarding the upcoming PFAS trial in Florida [100] Construction Market Weakness - North American construction markets, including residential and commercial, saw similar volume declines, with no significant recovery expected in 2023 [102]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 March 31, 2023 For the quarterly period ended or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38196 DUPONT DE NEMOURS, INC. (Exact name of registrant as specified in its charter) Delaware 81-1224539 State or other jurisdiction of incorporation or organization (I.R.S ...

1Q 2023 Financial Results Non-GAAPFinancialMeasures ThiscommunicationincludesinformationthatdoesnotconformtoaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica(“U.S.GAAP”)andareconsiderednon-GAAPmeasures.Managementusesthesemeasuresinternallyfor planning,forecastingandevaluatingtheperformanceoftheCompany,includingallocatingresources.DuPont’smanagementbelievesthesenon-GAAPfinancialmeasuresareusefultoinvestorsbecausetheyprovideadditionalinformationrelated totheongoingperformanceofDuPonttoofferamore ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38196 DUPONT DE NEMOURS, INC. (Exact name of registrant as specified in its charter) Delaware 81-1224539 State or other jurisdiction of incorporation or organization (I.R.S. Emp ...