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DuPont 1Q 2012 Earnings Conference Call

April 19, 2012 DuPont 1Q 2012 Earnings Conference Call

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 Companys first quarter earnings news release dated April 19, 2012, 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 plans, expects, will, anticipates, believes, intends, and estimates. 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: fluctuations in energy and raw material prices; failure to develop and market new products and optimally manage product life cycles; global economic and capital markets conditions; litigation and environmental matters; changes in laws and regulations or political conditions; and business or supply disruptions. The Company does not undertake to update any forward-looking statements as a result of future developments or new information.

Developing Markets
Total developing markets is comprised of Developing Asia, Developing Europe, Middle East & Africa, and Latin America. A detailed list of all developing countries is available on the Earnings News Release link on the Investor Center website at www.dupont.com.

DuPont 1Q 2012 Earnings Conference Call

1Q 2012 Financial Highlights


$ in billions, except EPS
1Q12 EPS Underlying* Reported Segment PTOI* vs. 1Q11

$1.61 $1.57 $2.4

6% 12%

Consolidated Net Sales


Volume Local Prices Currency Impact Portfolio / Other

$11.2

12%
(2)% 8% (1)% 7%

1Q12 Base Tax Rate*

1Q11

23.9%

21.3%

* See Schedules B, C, and D in the earnings news release for details of significant items and reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

1Q 2012 EPS Waterfall


$.73 ($.28) ($.01) $1.52
Underlying & Reported EPS

($.20) ($.06) $.07 ($.04) ($.06) ($.06) $1.61


Underlying EPS* $1.57 Reported EPS

1Q'11

Local Prices Variable Cost

Volume

Fixed Cost

Currency

Portfolio Changes

Exchange Income Tax Gains/Losses

Other

1Q'12

Key Takeaways

Pricing discipline and new products contribute to growth Volume reflects Ag gains in all regions offset by softness in PV and industrial markets

* Excluding significant items. See schedules B and D in the earnings news release for significant items and the reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

Global Sales Regional Highlights


1Q 2012 Sales by Region 1Q 2012 Sales YOY % CHG

Latin America 11% U.S. & Canada 43% Developed Asia 8%

Region
Worldwide U.S. & Canada

%
12 13

Non-U.S. & Canada


Developing Asia 10%

11
15 -2 30 23

Developing Markets
Developed EMEA 18% Developing EMEA 10%

Developing Asia Developing EMEA Latin America

DuPont 1Q 2012 Earnings Conference Call

Balance Sheet and Cash


March 31, 2012
Free Cash Flow*

Free Cash Flow*


1Q11 1Q12

$500 million contribution to principal US pension plan (Jan-12) ~$100 million working capital productivity Improved net working capital turnover by ~5%* Capex spend ~$2.1B FY; $0.3B 1Q12
Strong Balance Sheet

0.0 -0.5 $ Billions -1.0 -1.5 -2.0 -2.5

Cash and Debt


16
Gross Debt Cash Net Debt*

12

$3.6B cash, cash equivalents and marketable securities


$14.8B gross debt $11.2B net debt*
* Reconciliations of free cash flow, net debt and net working capital turnover can be found on the companys Investor Center website at www.dupont.com.

$ Billions

0
Mar-11 Jun-11 Sep-11 Dec-11 Mar-12

DuPont 1Q 2012 Earnings Conference Call

Agriculture
Pioneer, Crop Protection
1Q Sales *
5.0

1Q Comments
Sales +16% to $4.1B PTOI +18% to $1.3B Seed sales +20% to $3.2B All regions contributed to growth. Strong start to North America season, strong and early start to Europe and robust performance in Brazil Safrinha summer corn. Price realization and volume growth on track Crop Protection sales +7% to $0.9B Rynaxypyr continued growth; Europe strong, early start

$ in Billions

4.0 3.0 2.0 1.0 0.0 1Q10 1Q11 1Q12

1Q PTOI **
1500 36%

2Q Outlook
1000 24% PTOI Margin $ in Millions

Sales up mid teens with mid single digit earnings growth Seed sales growth underpinned by a strong finish to the North American and European planting season Crop Protection sales significantly higher on northern hemisphere market conditions and new products Currency headwind moderates from 1Q levels

500

12%

0
1Q10 1Q11

0%
1Q12

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

Nutrition & Health


1Q Sales *
1.0 0.8 0.6

1Q Comments
1Q Sales +149%, primarily Danisco Specialty Food Ingredient Solae specialty protein business continued growth offset by lower soy commodity sales in line with business objectives of mix enrichment

$ in Billions

0.4 0.2
0.0 1Q10 1Q11 1Q12

Earnings increased to $83 million on integration and positive cost synergy benefit of the Danisco specialty food ingredients acquisition
Earnings included $21 million amortization expense associated with step-up of acquired intangible assets

1Q PTOI **
100
80 $ in Millions 60 40 20 0 1Q10

15%
12% 9% 6% 3% 0% PTOI Margin

2Q Outlook
Sales of $820 to $860 million Increased earnings on higher sales and cost synergies offset in part by raw material increases. Earnings will include $21 million amortization expense associated with step-up of acquired intangible assets

1Q11

1Q12

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

Electronics & Communications


1Q Sales *
1.0 0.8 0.6

1Q Comments
Sales down 17% on 18% lower volumes Price up 1%, essentially metals pass through PV cell and modules recovering late in 1Q, with share gains in Solamet metallization paste Consumer electronics mixed with strong demand for smart phones and tablets

$ in Billions

0.4
0.2 0.0 1Q10 1Q11 1Q12

1Q PTOI **
125
100 $ in Millions 75 50 25 0
1Q10 1Q11 1Q12

PTOI and PTOI margin down on lower volume and plant utilization
20%
16% PTOI Margin 12% 8% 4% 0%

2Q Outlook
Sales down moderately PV installations up ~10% for full year. PV market recovery expected by mid-2012 Demand growth for smart phones, tablets and laptops PTOI down substantially on lower volume

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

Industrial Biosciences
1Q Sales *
0.4

1Q Comments
1Q reflects acquisition of Genencor Strong demand in enzymes, especially in animal nutrition with new product launches and increased demand in grain processing (high fructose corn syrup and ethanol) Sorona gaining market adoptions in carpeting

$ in Billions

0.3 0.2 0.1 0.0 1Q12

1Q PTOI **
50 40 $ in Millions 30 15% 12% 9% PTOI Margin

PTOI includes $5 million amortization expense associated with step-up of acquired intangible assets 2Q Outlook Sales of $290 to $320 million on continued growth in animal nutrition and food, strong growth in grain processing PTOI margin low double digits. PTOI includes $5 million amortization expense associated with step-up of acquired intangible assets.

20
10 0 1Q12

6%
3% 0%

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

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Performance Chemicals
Titanium Technologies (DTT), Chemicals & Fluoroproducts (DC&F)
1Q Sales *
1Q Comments
2.0

$ in Billions

Sales up 6% on price
1.5
1.0 0.5 0.0 1Q10 1Q11 1Q12

Global sequential improvement in TiO2 demand


Robust demand for aniline, cyanide products PTOI up 30% on strong pricing and productivity in both businesses

1Q PTOI **
600 30%

2Q Outlook Sales up modestly primarily on price Ongoing market recovery, particularly in N. America Destocking ending in Asia

400

20%

PTOI Margin

$ in Millions

200

10%

PTOI up moderately

0 1Q10 1Q11 1Q12

0%

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

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Performance Coatings
1Q Sales *
1.25 1.00 0.75

1Q Comments Sales up 6% with price increases in all regions and market segments Auto builds up 4% globally, up 17% in NA Lower Refinish volume, primarily in S. Europe Continued demand growth for NA heavy duty trucks PTOI up 34% with 170 bps margin expansion through pricing, mix enrichment actions and productivity gains
10.0%

$ in Billions

0.50
0.25 0.00 1Q10 1Q11 1Q12

1Q PTOI **
100

2Q Outlook Sales up slightly on volume and price PTOI up substantially with continued margin improvement Global auto builds up 10-12% in 2Q, 5-6% for FY Continued pricing and mix enrichment actions Ongoing productivity emphasis

75

7.5%

$ in Millions

50

5.0%

25

2.5%

0 1Q10 1Q11 1Q12

0.0%

PTOI Margin

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

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Performance Materials
Performance Polymers (DPP), Packaging & Industrial Polymers (P&IP)
1Q Sales *
1Q Comments
2.0 $ in Billions 1.6 1.2 0.8 0.4 0.0
1Q10 1Q11 1Q12

Sales down 6% on 10% lower volume Price up 6% offsetting higher raw material costs Continued soft industrial and electronics demand, particularly in AP & EU Sequential growth in all regions PTOI down $48 million on lower volume

1Q PTOI **
300 20%

2Q Outlook
225 15%

150

10%

PTOI Margin

$ in Millions

Sales down slightly with continued sequential growth Global auto builds up 10-12% with NA up 22% PTOI up moderately due to lower ethane costs

75

5%

0
1Q10 1Q11 1Q12

0%

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

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Safety & Protection


Protection Technologies (DPT), Building Innovations (BI), Sustainable Solutions (DSS)
1Q Sales *
1.00

1Q Comments Sales down 2% with 5% lower volume partially offset by 3% higher selling prices Continued softness in industrial markets with weak infrastructure spend PTOI down 31% on lower volume and higher costs associated with operating the new Kevlar Cooper River plant 2Q Outlook Sales and PTOI up slightly with continued demand improvement in North America
PTOI Margin

$ in Billions

0.75 0.50 0.25 0.00

1Q10

1Q11

1Q12

1Q PTOI **
150 125 $ in Millions 100 75 50 25 0
1Q10 1Q11 1Q12

24% 20% 16% 12% 8% 4% 0%

Improved demand for Kevlar in public sector and industrial markets Sequential demand improvement for Nomex particularly in auto and energy solutions

* Segment sales include transfers. ** Excluding significant items. See schedules C and D in the earnings news release for reconciliation of non-GAAP measures.

DuPont 1Q 2012 Earnings Conference Call

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Appendix
Industrial Chemical Prices Total Company Volume and Local Pricing Trends Fixed Cost Control

DuPont 1Q 2012 Earnings Conference Call

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Industrial Chemical Prices Industrial Chemical Prices

DuPont 1Q 2012 Earnings Conference Call

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DuPont Selling Prices Worldwide *

DuPont 1Q 2012 Earnings Conference Call

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DuPont Sales Volume Worldwide *

DuPont 1Q 2012 Earnings Conference Call

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Productivity Initiative Fixed Cost Control


Fixed Costs as % of Consolidated Sales*
55 50 45

40
35 30 1 Qtr 2 Qtr
2008 2009

3 Qtr
2010 2011

4 Qtr
2012

Full Year

* See Schedule D in earnings news release for detailed reconciliations of non-GAAP measures. Note: Data excludes significant items in all periods.

DuPont 1Q 2012 Earnings Conference Call

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