Date post: | 22-Nov-2014 |
Category: |
Documents |
Upload: | aparajita-basak-sen |
View: | 309 times |
Download: | 6 times |
2009 dupont data bookDelivering Solut ionS. Delivering grow t h.
Market-Driven Science
DuPont Investor Relations
The DuPont DATA BOOK has been prepared to assist financial analysts, portfolio managers and others in understanding and evaluating the company. This book presents graphics, tabular and other statistical data about the consolidated company and its business segments. The information presented in this book is generally included in—or can be calculated from—previously issued press releases and published company reports on Forms 10-k, 10-Q and 8-K. Dollars are in millions except per share or where otherwise indicated. Most notes to financial statements are not included. This information is only a summary and should be read in conjunction with the company’s audited consolidated financial statements and “Management’s Discussion and Analysis,” which is located in the 2009 Form 10K filed with the Securities and Exchange Commission.
Use of Non-GAAP Measures As a supplement to DuPont’s financial results prepared in accordance with U.S. generally accepted accounting principles (GAAP), this data book presents non-GAAP measures which exclude significant items. Non-GAAP measures include underlying pretax operating income (PTOI); underlying earnings and earnings per share before significant items; earnings before interest, taxes, and minority interests (EBIT), as defined by the company; and earnings before interest, taxes, minority interests, depreciation and amortization (EBITDA); fixed cost as percentage of sales. Non-GAAP measures are not a substitute for GAAP results. Significant items represent special charges or credits that are important to an understanding of the company’s ongoing operations. The company uses non-GAAP measures to evaluate and manage the company’s operations. The company believes that a discussion of results excluding significant items provides a useful analysis of ongoing operations. The determination of significant items may not be comparable to similarly titled measures used by other companies.
A reconciliation of non-GAAP measures to GAAP results is provided on the Web at www.dupont.com. For complete details of significant items, see DuPont’s quarterly earnings news releases.
The DuPont DATA BOOK is available on the Web at www.dupont.com.
The DuPont Oval Logo, DuPont™, The miracles of science®, and all products denoted with ™ or ® are trademarks or registered trademarks of E.I. du Pont de Nemours and Company or its affiliates. Zemea® is a registered trademark of DuPont Tate & Lyle Bio Products Company LLC, SmartStrand® is a registered trademark of Mohawk Industries Inc., Herculex® is a registered trademark of Dow AgroSciences LLC, Roundup Ready® is a registered trademark of Monsanto, SAI® is a registered trademark of Toyota.
March 2010
1 2009 Summary
2 2009 At a Glance
4 Corporate Financial Data Corporate Highlights Segment Information Consolidated Income Statements Consolidated Balance Sheets Consolidated Statements of Cash Flows Selected Additional Data
14 DuPont Core Values, Sustainability, DuPont Production System and Six Sigma
15 Industries, Regions and Ingredients
16 DuPont Science & Technology
17 DuPont Applied BioSciences
18 Business Segments Agriculture & Nutrition Electronics & Communications Performance Chemicals Performance Coatings Performance Materials Safety & Protection Pharmaceuticals
39 Major Global Sites and Principal Products
40 Major U.S. Sites and Principal Products
Inside Back Cover Board of Directors and DuPont Office of the Chief Executive
Individual Shareholder Relations: (302) 774-3034
Main Office Number: (302) 774-4994Fax: (302) 773-2631Internet: www.dupont.com
Contents
Laurie ConslatoDirector, Agriculture & Nutrition(302) 774-6088
Pamela SchoolsInvestor Relations Specialist (302) 774-9870
Franklin SilvaManager(302) 774-4162
Karen FletcherVice President (302) 774-0001
Jeanmarie DesmondDirector (302) 774-2229
2009 Summary
2009 DuPont Data Book 1
Delivering Growth through 2012 We expect to grow faster than market rates over the next few years due to our differentiated portfolio, global positioning, and the combined impact of productivity with differential business management.
The Needs of the World Drive our Science and MarketingGlobal population growth and associated growth in the middle class ]are creating distinct megatrends throughout the world. Megatrends provide DuPont the opportunity to bring our unmatched science to the marketplace, creating game-changing solutions in constant collaboration with customers and key partners.
Each megatrend presents opportunities for DuPont’s collaborative science and solutions:
• Increase food production—We are committed to working closely with farmers around the world to significantly increase corn and soybean yields over the next decade with seeds that are higher yielding, more drought tolerant, more nitrogen-use efficient and more resistant to insects and disease. Other DuPont solutions include herbicides, insecticides and fungicides, nutrition and health products, and packaging materials that keep food safe and fresh, longer.
•Decrease dependence on fossil fuels—We have products that help improve energy efficiency in building construction and provide light-weight solutions in the transportation industries, and a growing suite of solutions across alternative energy applications including novel biofuel technology and photovoltaic materials.
•Protect people, assets and the environment—We continue to develop new capabilities for products like our DuPont™ Kevlar® and Nomex® advanced fibers which are recognized globally for applications in protective apparel for law enforcement, first responders and the military.
•Grow in emerging markets—We expect our strategy of putting decision-making responsibility and development capability closer to our customers in emerging markets will enable DuPont to exceed trend line growth in these markets in 2010 and achieve $12 billion in revenue by 2012.
Market-driven science will continue to be the cornerstone of what sets DuPont apart. We face the future with confidence because the people of DuPont have always been able to take science and technology, collaborate and create solutions to market needs, and turn innovation into profits for our customers and our shareholders.
As we entered 2009, the world’s economies remained in the grip of the global recession and financial crisis. At DuPont, we responded by focusing on what we could control. We put in place directives aimed at maximizing margin, dramatically reducing spending, zero-basing capital expenditures and aggressively reducing working capital. We stayed close to our customers and took advantage of the recessionary environment to respond to their needs for product differentiation.
Our actions positioned us well for 2010, ready to meet the challenge of delivering earnings growth despite declining income from Cozaar® and Hyzaar® pharmaceutical royalties.
Firm Commitments, Dynamic ActionThroughout 2009, we moved with urgency and discipline to meet the directives we set for ourselves. We emphasized cash generation which was critical to maintaining our financial strength.
We delivered these results through creative and dynamic actions:
•Wegenerated$3.4billioninfreecashflow,andoffsetlowercashearnings with capital productivity.
•Weachieved$1.1billioninfixedcostproductivity.
•Weloweredthebreakevenpointforourcompanywhichpositions us well for recovery in 2010.
•Wereorganizedthecompany,eliminatingstructuralcostandbuildingcapabilitybyintegratingour23strategicbusinessunitsinto13businesses.Weremovedlayersofmanagementandmoveddecision making closer to our customers. The resulting realignment reduces organizational complexity, provides greater transparency, increases productivity, and allows DuPont to be more responsive to customer needs.
•We continued research and development investment during the recession at the same level as pre-recession. We introduced more than 1,400newproductsin2009—orabout60percentmorethanin2008.
Clear Priorities for 2010 We took decisive and appropriate actions in 2009 to reposition our businesses, and will reap benefits through accelerated growth and operational leverage.
Sales Growth Over 2009 > 10 percentFixed Cost Productivity ~$400millionWorking Capital Productivity ~$400millionCapital Expenditures ~$1.6billionFree Cash Flow > $1.5 billion
Key Actions for 2010 Targets
Net Sales (dollars in billions)
$5
$10
$15
$20
$25
$35
$30
2005 2006 2007 2008 2009
Dividend Payments (dividend per share)
$0.50
$1.00
$1.50
$2.00
1904 1990 1995 2000 2005 2009
FirstDividend
Paid
Earnings Per Share1 (dollars)
$0.50
$1.00
$1.50
$2.00
$2.50
$3.50
$3.00
2005 2006 2007 2008 20091Before significant items.
Sales Growth 2009–2012E CAGR ~ 10 percentEPS 2009–2012E CAGR ~ 20 percentFixed Cost Reduction Programs ~ $1.0 billionWorking Capital Productivity ~ $1.0 billion
Key Commitments through 2012 Targets
2
DuPont 2009 At a GlanceDuPont performed extremely well throughout 2009, with firm execution and aggressive actions to counter a continued weak economic environment. As a result, we finished 2009 with a strong balance sheet, excellent liquidity and a favorable cost of borrowing. We did not let the economic turmoil distract us from creating and protecting shareholder value. There was no playbook for a year like 2009. Like many other companies, DuPont faced unprecedented volume declines. But we delivered against our commitments. Our actions have left us well positioned for 2010, and DuPont expects to deliver earnings growth despite declining income from Cozaar® and Hyzaar® royalties.
January DuPont was named among the world’s leaders in ethics reputation, earning first place in its industry sector and 10th overall among more than 500 multinational companies, according to the annual global Covalence Ethical Ranking Report.
DuPont Tate & Lyle Bio Products announced that Kilfrost, the global leader in de- and anti-icing fluids, incorporated Susterra® propanediol into its newest de-icing product—DFsustain.
DuPont and Athenix announced a research collaboration to improve insect control in corn and soybeans. Under the agreement, Pioneer Hi-Bred will use proprietary insect-resistance trait genes from Athenix to develop and commercialize next-generation corn and soybean seed products.
DuPont installed its largest photovoltaic solar energy facility at its Pioneer Hi-Bred Waimea Research Center in Kauai, Hawaii. The installation is comprised of 1,500 panels made from many DuPont photovoltaic materials.
FebruaryDuPont introduced mobile wind machines that test the ability of higher-yielding experimental corn hybrids to withstand violent wind storms that cause significant standability issues and subsequent yield loss.
DuPont China received “The Most ResponsibleCompanyinChina’s30-yearof Economic Reform” award at China’s International Forum on corporate social responsibility.
DuPont Titanium Technologies in China initiated a strategic partnership with Nippon Paint; a leader in China’s coating market, to implement a three-year co-marketing program.
MarchDuPont doubled production capacity for DuPont™ Solamet® thick film metallization pastes and made key quality improvements at its European electronic materials manufacturing facility in Bristol, U.K.
DuPont introduced Nomex® On Demand™, an innovative smart fiber that gives firefighters additional protection in temperatures of 250 degrees Fahrenheit and above. The term “smart fiber” refers to the new material’s ability to detect the high temperature and automatically expand, trapping more air for greater thermal insulation.
The plant-derived DuPont™ Zytel®610nylon resin that debuts on DENSO Corporation’s new automotive radiator end-tank illustrates the benefits of close collaboration throughout the value chain, and marks the first use of DuPont renewably sourced plastic in mechanical components exposed to the hot, chemically aggressive underhood environment.
AprilDuPont Apollo Ltd., a subsidiary of DuPont, opened its global thin film photovoltaic research and development center at a ceremony of the Solar Energy Technology Support Center at Hong Kong Science Park in China.
DuPont reached a regulatory milestone for its next generation of healthier soybean products. Pioneer Hi-Bred received confirmation from Health Canada and the Canadian Food Inspection Agency that its high oleic soybean trait has been approved for cultivation, food and feed use in Canada.
DuPont received registration from the U.S. Environmental Protection Agency for an insect repellent ingredient derived from the catmint plant, a sustainable resource. The new ingredient, Refined Oil of Nepeta cataria, is the first new insect repellent biopesticide to be registered by the EPA in eight years.
MayDuPont opened a photovoltaic technical center at its global R&D Center in Shanghai, China. The facility contains three labs, and provides integrated research, development and technical support for customers in the PV industry in China.
DuPont Corian® in China won the largest residential project ever in the history of the business—selling approximately 120,000 meters of Corian® sheets for the Star of Qingdao Village project.
DuPont Crop Protection in India launched three new products that will provide long-lasting answers to insect and weed problems and contribute to the prosperity of rice and sugar cane farmers in the northern belts of the country. The new products include a novel new insect control product, DuPont™ Coragen™, and two new weed-control products—DuPont™ Londax Power™ and DuPont™ Velpar®.
DuPont commercialized two new product families of photovoltaic (PV) encapsulant sheets. The new DuPont™PV5300Seriesand DuPont™ PV5200 Series deliver long-term protection for solar cells. The durable PV encapsulant sheets also contribute to longer life and reduced cost-per-watt.
JuneDuPont announced that its Sorona® renewably sourced fiber is available for the commercial carpet industry.
DuPont announced the development of itsnew,proprietary“Gen-3”solution-based organic light emitting diode (OLED) materials technology that can last a record lifetime of more than 1 million hours—equivalent to over 100 years of constant use.
DuPont announced the winners of the 21st DuPont Awards for Packaging Innovation making news not only for the awards themselves, but also for hosting online the normally face-to-face gathering of award recipients, customers, jurors and industry experts.
Solae introduced SoleCina™/Supro® Max, a new proprietary blend of vegetable and meat protein ingredient solution that allows food manufacturers to improve the quality of their meat product lines without affecting the taste and appearance of the final products.
JulyDuPont and Bayer CropScience entered into a series of long-term business agreements related to key plant biotechnology traits and enabling technologies that will help increase agricultural productivity around the world.
DuPont and the Goodyear Tire & Rubber Company collaborated to develop tires made with Kevlar® fiber.
DuPont received a U.S. Department of Energy grant for a $9 million solar research program—part of the company’s overall effort in providing more mainstream solar photovoltaic products for commercial and residential applications.
DuPont inaugurated its Innovation & Technology Center in Paulínia to develop new applications for many businesses.
AugustDuPont and Arzeda Corp. announced a technology collaboration to develop new traits to increase agricultural productivity. Under the agreement, Pioneer Hi-Bred will use novel enzymes designed by Arzeda to develop next-generation seed traits in crops such as corn, soybeans, rice, cotton and canola.
DuPont announced a multi-phase production expansion for its DuPont™ Tedlar® polyvinyl fluoride product line at its Louisville, KY and Fayetteville, NC sites. This phase represents more than $120 million in investment which increases by more than 50 percent the capacity of monomer and resin used in producing Tedlar® films.
DuPont introduced Tyvek® Vivia, a recyclable solution for wide-format printing that enhances the quality of print graphics. It has the same lightweight strength of traditional DuPont™ Tyvek®, and has a smooth, fabric-like drape that offers tear, puncture, weather and fade resistance.
SeptemberDuPont announced the addition of four new seed research centers in developing countries and expanded operations at three existing facilities to develop seed to meet local needs for food productivity. The new research operations extend the research leadership DuPont business Pioneer Hi-Bred has built and bring the total number of Pioneer research centers to nearly 100 worldwide.
DuPont and Applied Materials, Inc. announced a collaboration to develop multiple printing technology that is expected to increase the absolute efficiency of crystalline silicon (c-Si) photovoltaic solar cells. By increasing the efficiency and yield of solar cells, PV power can become more cost effective versus other forms of energy.
DuPont and SFC Smart Fuel Cell AG received a follow-up order from the U.S. Army for the development of the M-25 fuel cell—a small, lightweight, portable power supply that can extend soldier mission times to 72 hours or more.
OctoberDuPont introduced DuPont™ Kevlar® Advanced Performance (AP) fibers to serve an ongoing need for higher performing materials in industrial applications. The Kevlar® AP product line is based on a new technology platform that increases performance compared to standard Kevlar® fibers and can result in cost savings and greater design flexibility for manufacturers supplying automotive, construction, oil and gas, ropes, fiber optic cables and utility customers.
DuPont received registration approvals in Japan and Brazil for insect control products powered by DuPont™ Rynaxypyr®, a breakthrough insecticide.
DuPont formed a new business called DuPont Chemicals & Fluoroproducts (DC&F). The integration expands global market access, leverages DuPont’s
unparalleled science and chemistry leadership, and drives world-class productivity—all to intensify customer focus, deliver faster innovation, and foster peerless product stewardship.
DuPont’s board of directors elected Ellen KullmanChair,effectiveDecember31.
NovemberDuPont received approval from the European Commission on a biotech corn product for food, feed, import and processing jointly developed by Pioneer and Dow AgroSciences LLC. Corn products containing the Herculex® RW protection trait stacked with Roundup Ready® Corn 2 are now permitted for import into the European Union.
DuPont and Dow AgroSciences entered into a commercial cross-licensing agreement that will enable the two companies to deliver expanded herbicide-tolerant soybean options to farmers in the next decade.
DuPont received a $2.25 million grant from the U.S. Department of Energy for a two-year project to develop a solid-state lighting source using low-cost OLED solution-processing manufacturing techniques.
DuPont Apollo Ltd. opened its silicon-based thin-film photovoltaic module manufacturing facility in Shenzhen, China.
DecemberDuPont Tate & Lyle Bio Products expanded its distribution network in Asia by adding a new distributor, the East Asiatic (Thailand) Public Company Limited (EAC), for the breakthrough product Zemea® propanediol.
DuPont Performance Coatings in Spain achieved market share gains when it signed a contract with Opel Car Company to supply cathodic electrodeposition paint, which is the first layer applied to cars to protect against corrosion.
Photos: (Left) one of the world’s first cellulosic ethanol demonstration facilities in Vonore, Tennessee. (Middle) DuPont Apollo R&D center in Hong Kong. (Right) Registered in over 50 countries, including China, DuPont™ Rynaxypyr® insect control products provide rapid, long-lasting protection of fruit, vegetable, rice and other crops.
2009 DuPont Data Book 3
Corporate Financial Data
4
1 Amount presented ex-Other Comprehensive Income.2 Excludes purchased in-process research and development.3 On December 31, 2006, the company adopted Statement of Financial Accounting
Standards No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements No. 87, 88, 106 and 132(R).” Total assets and stockholders’ equity were reduced by $2,159 and $1,555, respectively, as a result of such adoption.
4 Includes related assets and/or liabilities classified as held for sale within the Consolidated Balance Sheets.
2009 2008 2007 2006 2005Operating Results Net sales $26,109 $30,529 $29,378 $27,421 $26,639
Net income attributable to DuPont 1,755 2,007 2,988 3,148 2,056Income before significant items 1,857 2,533 3,043 2,685 2,332Depreciation 1,251 1,169 1,158 1,157 1,128EBIT 2,578 2,764 4,166 3,804 4,044EBITDA 4,081 4,208 5,537 5,188 5,402Cash provided by operating activities 4,741 3,129 4,290 3,736 2,542Capital expenditures (includes investment in affiliates) 1,432 2,033 1,698 1,563 1,406
Research and development expense 2 1,378 1,393 1,338 1,302 1,336Financial Position, Total assets $38,185 $36,209 $34,131 $31,7773 $33,291Year End Working capital 7,898 5,601 4,619 4,930 4,986
Total debt 11,034 9,650 7,325 7,530 8,180 Stockholders’ equity 7,215 7,125 11,136 9,4223 8,962Data Per Common Share Net income – diluted3 $1.92 $2.20 $3.22 $3.38 $2.07
Income before significant items – diluted $2.03 $2.78 $3.28 $2.88 $2.34Dividends $1.64 $1.64 $1.52 $1.48 $1.46Market price – Year-end close $33.67 $25.30 $44.09 $48.71 $42.50
High-low range $35.62 – $16.05 $52.25 – $21.95 $53.90–$42.25 $49.68–$38.52 $54.90–$37.60Book value at year-end $7.72 $7.63 $12.12 $9.96 $9.49Average number of shares (millions) – diluted 909 907 925 929 989
Shares outstanding – year-end (millions) 904 902 899 922 920Ratios Total stockholder return 39.6% (38.9%) (6.4%) 18.1% (10.4%)
Dividend yield 4.9% 6.5% 3.4% 3.0% 3.4%Share price increase (decrease) 33.1% (42.6%) (9.5%) 14.6% (13.4%)
P/E on income before significant items 17 9 13 17 18Dividend payout, as percentage of earnings per share
before significant items 80.8% 59.0% 46.3% 51.4% 62.4%Return on average stockholders’ equity before significant items 1 14.0% 19.6% 25.6% 25.7% 19.6%Return on average investors’ capital before significant items 1 8.8% 12.1% 16.2% 15.3% 12.4%Asset turnover ratio 68% 84% 86% 86% 80%Cash provided by operating activities as a percentage of total debt 43.0% 32.4% 58.6% 49.6% 31.1%Debt to total capital4 59.0% 56.0% 38.8% 43.3% 46.4%Interest coverage ratio 6.7 10.1 11.0 9.1 11.1
Current ratio4 1.8 1.6 1.5 1.6 1.7 Exchange loss – net of tax ($114) ($172) ($31) ($30) ($38)Employees Number of employees – year-end (thousands) 58 60 60 59 60
Corporate Highlights (dollars in millions, except per share)
Cash Provided By Operating Activities
Stockholder Return DuPont S&P 500
Dividend Yield 1 4.25% 2.13%
Share Price Annual Appreciation 2 –5.66% –2.78%
Total Annual Return2,3 –7.25% –6.49%
Dividend Growth 2 2.95% –0.59%
Five-Year Performance 2005–2009
Stockholder Return DuPont S&P 500
Dividend Yield 1 3.67% 1.82%
Share Price Annual Appreciation 2 –3.93% –1.86%
Total Annual Return2,3 –1.65% –2.72%
Dividend Growth 2 1.77% 3.25%
1 Average annual dividend yield based on year-end stock price over the period shown. 2 Compounded annual growth rate over the period shown. 3 Includes reinvestment of dividends.
Ten-Year Performance 2000–2009
2005–2009 Cash Waterfall
Cash fromOperations
AssetSales
Acquisitions PPE & Investmentin Affiliates
Dividends StockRepurchase
Net Change in
Borrowings
Cash 12/31/09
OtherCash12/31/04
$0
$5
$10
$20
$30
$25
$15
(dollars in billions)
2009 DuPont Data Book 5
2007 20082005 2006 2009
(dollars in millions)
$5,000
$4,000
$3,000
$2,000
$1,000
Share Repurchase Dividends
Cash Returned to Shareholders
(dollars in millions)
$4,000
$5,000
2008 20092005 2006 2007
$1,000
$2,000
$3,000
2009 2008 2007 2006 2005Operating Results Net sales $26,109 $30,529 $29,378 $27,421 $26,639
Net income attributable to DuPont 1,755 2,007 2,988 3,148 2,056Income before significant items 1,857 2,533 3,043 2,685 2,332Depreciation 1,251 1,169 1,158 1,157 1,128EBIT 2,578 2,764 4,166 3,804 4,044EBITDA 4,081 4,208 5,537 5,188 5,402Cash provided by operating activities 4,741 3,129 4,290 3,736 2,542Capital expenditures (includes investment in affiliates) 1,432 2,033 1,698 1,563 1,406
Research and development expense 2 1,378 1,393 1,338 1,302 1,336Financial Position, Total assets $38,185 $36,209 $34,131 $31,7773 $33,291Year End Working capital 7,898 5,601 4,619 4,930 4,986
Total debt 11,034 9,650 7,325 7,530 8,180 Stockholders’ equity 7,215 7,125 11,136 9,4223 8,962Data Per Common Share Net income – diluted3 $1.92 $2.20 $3.22 $3.38 $2.07
Income before significant items – diluted $2.03 $2.78 $3.28 $2.88 $2.34Dividends $1.64 $1.64 $1.52 $1.48 $1.46Market price – Year-end close $33.67 $25.30 $44.09 $48.71 $42.50
High-low range $35.62 – $16.05 $52.25 – $21.95 $53.90–$42.25 $49.68–$38.52 $54.90–$37.60Book value at year-end $7.72 $7.63 $12.12 $9.96 $9.49Average number of shares (millions) – diluted 909 907 925 929 989
Shares outstanding – year-end (millions) 904 902 899 922 920Ratios Total stockholder return 39.6% (38.9%) (6.4%) 18.1% (10.4%)
Dividend yield 4.9% 6.5% 3.4% 3.0% 3.4%Share price increase (decrease) 33.1% (42.6%) (9.5%) 14.6% (13.4%)
P/E on income before significant items 17 9 13 17 18Dividend payout, as percentage of earnings per share
before significant items 80.8% 59.0% 46.3% 51.4% 62.4%Return on average stockholders’ equity before significant items 1 14.0% 19.6% 25.6% 25.7% 19.6%Return on average investors’ capital before significant items 1 8.8% 12.1% 16.2% 15.3% 12.4%Asset turnover ratio 68% 84% 86% 86% 80%Cash provided by operating activities as a percentage of total debt 43.0% 32.4% 58.6% 49.6% 31.1%Debt to total capital4 59.0% 56.0% 38.8% 43.3% 46.4%Interest coverage ratio 6.7 10.1 11.0 9.1 11.1
Current ratio4 1.8 1.6 1.5 1.6 1.7 Exchange loss – net of tax ($114) ($172) ($31) ($30) ($38)Employees Number of employees – year-end (thousands) 58 60 60 59 60
Corporate Highlights (dollars in millions, except per share)
Corporate Financial Data
Segment Information (dollars in millions)
2009 2008 2007Segment Sales 1
Agriculture & Nutrition $ 8,287 $ 7,952 $6,842Electronics & Communications 1,918 2,194 2,132Performance Chemicals 4,964 6,035 5,836Performance Coatings 3,429 4,361 4,348Performance Materials 4,768 6,425 6,630Safety & Protection 2,811 3,733 3,731Other 158 160 178
Total segment sales 26,335 30,860 29,697
Elimination of transfers (226) (331) (319)Net sales $26,109 $30,529 $29,378
Segment Pretax Operating Income – Before Significant Items
Agriculture & Nutrition $ 1,223 $ 1,109 $894Electronics & Communications 124 288 314Performance Chemicals 601 743 921 Performance Coatings 84 201 366Performance Materials 295 438 811Safety & Protection 305 758 1,032Pharmaceuticals 1,037 1,025 949Other (169) (150) (184)
Total segment pretax operating income – before significant items 3,500 4,412 5,103
Exchange gains (losses) (205) (255) (85)Corporate expenses and interest (951) (1,004) (1,056)Income before significant items, income taxes and minority interests 2,344 3,153 3,962Net significant items 2 (160) (762) (219)
Income before income taxes and minority interests $ 2,184 $2,391 $3,743
1 Segment sales include transfers.2 For complete details of significant items, see DuPont’s quarterly earnings news releases.
DuPont’s Share of Equity Affiliate Earnings
2009 2008 2007Equity Affiliate AnalysisAgriculture & Nutrition $ 47 $ 25 $3Electronics & Communications 1 20 13Performance Chemicals 9 16 23Performance Coatings 1 1 1 Performance Materials 37 44 (155)Safety & Protection 26 29 22 Other (32) (18) (14)
Total segments $ 89 $ 117 ($ 107)
6
2009 20081st 2nd 3rd 4th Full Yr. 1st 2nd 3rd 4th Full Yr.
Segment Sales 1
Agriculture & Nutrition $ 3,062 $ 2,613 $ 1,244 $ 1,368 $ 8,287 $2,883 $2,541 $1,303 $ 1,225 $ 7,952 Electronics & Communications 365 429 542 582 1,918 545 582 590 477 2,194Performance Chemicals 1,070 1,243 1,331 1,320 4,964 1,495 1,659 1,674 1,207 6,035Performance Coatings 732 840 882 975 3,429 1,111 1,242 1,103 905 4,361Performance Materials 942 1,087 1,303 1,436 4,768 1,713 1,810 1,708 1,194 6,425Safety & Protection 718 664 670 759 2,811 885 1,041 973 834 3,733Other 28 31 54 45 158 40 44 45 31 160
Total segment sales $ 6,917 $ 6,907 $ 6,026 $ 6,485 $26,335 $8,672 $8,919 $7,396 $5,873 $30,860Segment Pretax Operating Income – Before Significant ItemsAgriculture & Nutrition $ 852 $ 581 $ (113) $ (97) $ 1,223 $786 $504 $ (17) $(164) $ 1,109 Electronics & Communications (34) 20 77 61 124 83 90 86 29 288Performance Chemicals 44 142 207 208 601 236 255 238 14 743Performance Coatings (75) 31 58 70 84 93 128 61 (81) 201 Performance Materials (146) 37 230 174 295 219 223 125 (129) 438Safety & Protection 64 48 58 135 305 225 246 200 87 758Pharmaceuticals 252 272 266 247 1,037 235 265 260 265 1,025 Other (44) (44) (26) (55) (169) (26) 1 (44) (81) (150)
Total segment pretax operating income – before significant items 913 1,087 757 743 3,500 1,851 1,712 909 (60) 4,412
Exchange gains and losses 70 (144) (128) (3) (205) (155) (29) 45 (116) (255)Corporate expenses and interest (234) (256) (238) (223) (951) (226) (271) (257) (250) (1,004)
Income before significant items 2 749 687 391 517 2,344 1,470 1,412 697 (426) 3,153
Pretax Impact of Significant Items 2
Hurricane charges — — — — — — — (227) — (227)Restructuring charge — (340) — — (340) — — — (535) (535)Restructuring adjustment — 75 — 55 130 — — — — —Hurricane insurance proceeds and adjustments
—
50
—
—
50
—
—
—
—
—
Net impact of significant items 0 (215) 0 55 (160) 0 0 (227) (535) (762)Income before income taxes $ 749 $ 472 $ 391 $ 572 $ 2,184 $1,470 $1,412 $470 $(961) $2,391
2009 20081st 2nd 3rd 4th Full Yr. 1st 2nd 3rd 4th Full Yr.
Earnings Per Share ofCommon Stock – Diluted 3
Income (loss) before significant items $ 0.54 $ 0.61 $ 0.45 $ 0.44 $ 2.03 $ 1.31 $ 1.18 $ 0.56 $ (0.28) $ 2.78Significant items (0.15) 0.00 0.00 0.04 (0.11) 0.00 0.00 (0.16) (0.42) (0.58)Income (loss) $ 0.39 $ 0.61 $ 0.45 $ 0.48 $ 1.92 $ 1.31 $ 1.18 $ 0.40 $ (0.70) $ 2.20
1 Segment sales include transfers.2 For complete details of significant items, see DuPont’s quarterly earnings news releases.3 Earnings per share for the year does not equal to sum of quarterly earnings per share due to changes in average share calculations.
2009 DuPont Data Book 7
Corporate Financial Data
8
Consolidated Income Statements(dollars in millions, except per share)
FortheyearendedDecember31 2009 2008 2007 2006 2005
Net sales $26,109 $30,529 $29,378 $27,421 $26,639Other income, net 1 1,219 1,307 1,275 1,561 1,852Total 27,328 31,836 30,653 28,982 28,491Cost of goods sold and other operating charges 19,708 23,548 21,746 20,636 19,878Selling, general and administrative expenses 3,440 3,593 3,396 3,255 3,258Research and development expense 1,378 1,393 1,338 1,302 1,336Interest expense 408 376 430 460 518Employee separation/asset related charges, net 210 535 — — — Separation activities – Textiles & Interiors — — — — (62)
Total 25,144 29,445 26,910 25,653 24,928Income before income taxes 2,184 2,391 3,743 3,329 3,563Provision for income taxes 415 381 748 196 1,470Net Income 1,769 2,010 2,995 3,133 2,093Less: Net income (loss) attributable to noncontrolling interests 14 3 7 (15) 37Net income attributable to DuPont $ 1,755 2,007 2,988 3,148 2,056Diluted earnings per share of common stock $ 1.92 $ 2.20 $3.22 $3.38 $ 2.07 1 Other income, net:
Cozaar®/Hyzaar® licensing income $1,032 $1,019 $943 $815 $747Royalty income 127 111 125 120 130Interest income 91 138 154 129 227 Equity in earnings (losses) of affiliates 99 81 (130) 50 108Net gains on sales of assets 63 40 126 78 82Net exchange gains (losses) (218) (219) (65) 16 423Miscellaneous income and expenses – net 25 137 122 353 135Total other income, net $ 1,219 $1,307 $ 1,275 $1,561 $1,852
Consolidated Balance Sheets(dollars in millions)
December31 2009 2008 2007 2006 2005
AssetsCurrent assets
Cash and cash equivalents $ 4,021 $3,645 $1,305 $1,814 $1,736Marketable debt securities 2,116 59 131 79 115 Accounts and notes receivable, net 5,030 5,140 5,683 5,198 4,801Inventories 5,380 5,681 5,278 4,941 4,743Prepaid expenses 129 143 199 182 199 Income taxes 612 643 564 656 828
Total current assets 17,288 15,311 13,160 12,870 12,422Property, plant and equipment 28,915 27,954 26,593 25,719 24,963
Less: Accumulated depreciation 17,821 16,800 15,733 15,221 14,654Net property, plant and equipment 11,094 11,154 10,860 10,498 10,309
Goodwill 2,137 2,135 2,074 2,108 2,087Other intangible assets 2,552 2,710 2,856 2,479 2,684Investment in affiliates 1,014 844 818 803 844Other assets 4,100 4,055 4,363 3,019 4,945
Total $38,185 $36,209 $34,131 $31,7771 $33,291Liabilities and Stockholders EquityCurrent liabilities
Accounts payable $ 3,542 $3,128 $3,172 $ 2,711 $2,670Short-term borrowings and capital lease obligations 1,506 2,012 1,370 1,517 1,397Income taxes 154 110 176 178 294Other accrued liabilities 4,188 4,460 3,823 3,534 3,075Total current liabilities 9,390 9,710 8,541 7,940 7,436
Long-term borrowings and capital lease obligations 9,528 7,638 5,955 6,013 6,783Other liabilities 11,490 11,169 7,255 7,692 8,441Deferred income taxes 126 140 802 269 1,179
Total liabilities 30,534 28,657 22,553 21,914 23,839Total DuPont stockholders’ equity 7,215 7,125 11,136 9,4221 8,962Noncontrolling interests 436 427 442 441 490Total equity 7,651 7,552 11,578 9,8631 9,452
Total $38,185 $36,209 $34,131 $31,777 $33,291
2009 DuPont Data Book 9
1 On December 31, 2006, the company adopted Statement of Financial Accounting Standards No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements No. 87, 88, 106 and 132(R).” Total assets and stockholders’ equity were reduced by $2,159 and $1,555, respectively, as a result of such adoption.
Corporate Financial Data
Consolidated Statements of Cash Flows(dollars in millions)
FortheyearendedDecember31 2009 2008 2007 2006 2005
Operating activitiesNet income $ 1,769 $ 2,010 $ 2,995 $3,133 $2,093Adjustments to reconcile net income to cash
provided by operating activities:Depreciation 1,251 1,169 1,158 1,157 1,128Amortization of intangible assets 252 275 213 227 230Other noncash charges and credits, net 976 814 358 303 7 Separation activitites – Textiles & Interiors — — — — (62)Contributions to pension plans (306) (252) (277) (280) (1,253)(Increase) decrease in operating assets:
Accounts and notes receivable 69 488 (214) (194) (74)Inventories and other operating assets 481 (663) (267) (61) 6
Increase (decrease) in operating liabilities: Accounts payable and other operating liabilities (115) (515) 470 335 (633)Accrued interest and income taxes 364 (197) (146) (884) 1,100
Cash provided by operating activities 4,741 3,129 4,290 3,736 2,542Investing activities
Purchases of property, plant and equipment (1,308) (1,978) (1,585) (1,532) (1,340)Investments in affiliates (124) (55) (113) (31) (66)Payments for businesses – net of cash acquired (13) (144) (13) (60) (206)Proceeds from sale of assets, net of cash sold 91 50 251 148 312Net (increase) decrease in short-term financial instruments (2,016) 40 (39) 37 36Forward exchange contract settlements (927) 508 (285) 45 653Other investing activities, net (1) (31) 34 48 9
Cash (used for) provided by investing activities (4,298) (1,610) (1,750) (1,345) (602)Financing activities
Dividends paid to stockholders (1,492) (1,496) (1,409) (1,378) (1,439)Net increase (decrease) in short-term (317) (891) 1,117 (263) (494)
(less than 90 days) borrowingsLong-term and other borrowings:
Receipts 3,685 3,527 1,998 2,611 4,311Payments (1,977) (547) (3,458) (3,139) (2,045)
Repurchase of common stock — — (1,695) (280) (3,530)Proceeds from exercise of stock options 1 94 445 148 359Proceeds from termination of interest rate swap — 226 — — — Other financing activities, net 3 (35) (67) (22) (13)
Cash (used for) provided by financing activities (97) 878 (3,069) (2,323) (2,851)Effect of exchange rate changes on cash 30 (57) 20 10 (722)Increase (decrease) in cash and cash equivalents $ 376 $2,340 $ (509) $78 $(1,633)Cash and cash equivalents at beginning of year 3,645 1,305 1,814 1,736 3,369Cash and cash equivalents at end of year 4,021 3,645 1,305 1,814 1,736Supplemental cash flow information:Cash paid during the year for
Interest, net of amounts capitalized $ 403 $336 $ 527 $ 295 $479Taxes 63 609 795 899 355
10
Selected Additional Data2009 2008 2007 2006 2005
Effective Income Tax RateStatutory U.S. federal income tax rate 35.0% 35.0% 35.0% 35.0% 35.0%Exchange gains/losses 1 (2.6) (0.2) (0.9) 0.6 9.4Domestic operations (1.4) (2.8) (3.2) 0.1 (1.4)Lower effective tax rates on international operations – net (11.8) (14.3) (7.5) (12.4) (6.8)Tax settlements (0.2) (1.8) (3.4) (10.4) (1.4)Lower effective tax rate on export sales — — — (0.8) (1.0)The American Jobs Creation Act (AJCA) 2 — — — (0.6) 8.2Valuation allowance release — — — (5.6) (0.7)State taxes — — — — —
Effective income tax rate 19.0% 15.9% 20.0% 5.9% 41.3%1 Principally reflects the benefit of non-taxable exchange gains resulting from remeasurement of foreign currency denominated monetary assets and liabilities.2 Reflects the tax impact associated with the repatriation of $9.1 billion under AJCA.
2009 2008 2007 2006 2005
As a percentage of net sales:Cost of goods sold and other operating charges 75% 77% 74% 75% 75%Selling, general and administrative expenses 13 12 12 12 12 Research and development expenses 5 5 5 5 5 Income before significant items 7 8 10 10 9 Cash provided by operating activities 18 10 15 14 10
2009 2008 2007 2006 2005
Selected Additional Data Annual percent change in net sales versus prior year* (14%) 4% 7% 4% 5%
Portion due to U.S. dollar selling prices (2) 10 5 2 6Portion due to volume and mix* (12) (6) 2 2 (1)
Average manufacturing capacity utilization 70% 78% 83% 84% 82%* Percentage changes are calculated using sales adjusted to exclude current-year sales from acquisitions when there are no comparable prior-year sales, and to exclude prior-year sales
of businesses that have been divested. Percentage changes in 2005 is adjusted for changes in ownership of DuPont Dow Elastomers LLC.
2009 DuPont Data Book 11
Corporate Financial Data
12
Net Sales Outside the United States as a Percentage of Sales 2009 2008 2007Agriculture & Nutrition 54% 61% 59%Electronics & Communications 82% 81% 79%Performance Chemicals 59% 54% 53%Performance Coatings 77% 76% 73%Performance Materials 67% 68% 64%Safety & Protection 57% 57% 53%
Total 62% 64% 62%
Exports from the United States 2009 2008 2007
Net sales (dollars in millions) $ 5,402 $6,469 $6,173As a percentage of net sales 21% 21% 21%
Selected Additional Data(dollars in millions, except per share)
2009 2008 2007Financial Results by QuarterNet sales
1st $ 6,871 $8,575 $7,8452nd 6,858 8,837 7,8753rd 5,961 7,297 6,6754th 6,419 5,820 6,983
Total $26,109 $30,529 $29,378Income before significant items
1st $ 488 $1,191 $997 2nd 558 1,078 972 3rd 409 513 552 4th 402 (249) 522
Total $ 1,857 $2,533 $3,043Earnings before significant items per share of common stock – diluted 1
1st $ 0.54 $1.31 $ 1.07 2nd 0.61 1.18 1.043rd 0.45 0.56 0.59 4th 0.44 (0.28) 0.57
Total $ 2.03 $2.78 $3.27Fixed costs as a percentage of sales
1st 43.4% 35.9% 37.7%2nd 43.1% 36.6% 38.6%3rd 48.8% 42.7% 43.8%4th 50.2% 54.1% 44.7%
Full Year 46.2% 41.2% 41.0%1 Earnings per share for the year may not equal sum of quarterly earnings per share due to changes in average share calculations.
Base Income Tax Rate 2009 2008 2007Full Year 22.1% 20.4% 23.9%
DuPont Sales Volume – Worldwide*
Price and Volume1 Change Summary
15
10
5
0
–5
–10
–15
–20
–25
120
115
110
105
100
95
90
Index 4qma (1999=100 Right)Yr/Yr % Change (Left)
2004 2005 2006 2007 20092008
DuPont Selling Prices – Worldwide**
Index 4qma (1999=100 Right)Yr/Yr % Change (Left)
10
8
6
4
2
0
–2
–4
125
120
115
110
105
100
95
2004 2005 2006 2007 20092008
Selected Additional Data
Local Price and Variable Costs Impact – year over year on an after tax basis(dollars in millions) 2009 2008
1st 2nd 3rd 4th 1st 2nd 3rd 4th
Local price 340 213 (130) (133) 335 398 503 399Variable costs (144) 173 397 465 (257) (476) (428) (434)Net impact on income 196 386 267 332 78 (78) 75 (35)
Selling Price % Change from Prior Year
Year Worldwide USD Local
2005 6 52006 2 22007 5 2 2008 10 72009 (2) 1
Sales Volume % Change from Prior Year1
Year Worldwide
2005 (1)2006 22007 22008 (5)2009 (12)
2009 Selling Price % Change from Prior Year
Qtr. Worldwide USD Local
1st — 5 2nd (2) 33rd (5) (2)4th 1 (3)Year (2) 1
1 Price and volume changes are as a percentage of net sales excluding Textiles & Interiors. Volume percentage changes are calculated using sales adjusted to exclude current-year sales from acquisitions when there are no comparable prior-year sales and to exclude prior-year sales of businesses that have been divested.
2 Excludes portfolio changes.
2009 Sales Volume % Change from Prior Year2
Qtr. Worldwide
1st (19)2nd (19)3rd (12)4th 10Year (12)
2009 DuPont Data Book 13
* History excludes Textiles & Interiors. ** Prices in local currency terms (adjusted for currency and history excludes Textiles & Interiors).
14
Sustainable Growth
DuPont is committed to creating shareholder and societal value while decreasing the environmental impact along our supplychains.In2006,weannouncedour2015Sustainabilitygoals and we continue to report progress against the goals. The following are highlights of progress against some of the goals. The complete information is available on our website at: http://www2.dupont.com/Sustainability/en_US/
Greenhouse Gas Emissions—Between1990and2003,DuPontreduced its global greenhouse gas emissions, measured by CO2 equivalents, 72 percent. By 2015, we will further reduce greenhouse gas emissions at least 15 percent (from a base year of2004).Progressatyearend2008:down8.5%versus2004.
Supply Chain/Operations ImprovementsTransactional Processes/Top Line Growth
Reduced CostsOpportunities for Increased Revenue
47%
82% 18%
53%
Projects Launched in 2009
Benefits
Six Sigma Focus
DuPont Core Values, Sustainability, DuPont Production System, and Six Sigma
DuPont Core Values• Safety & Health
• Environmental Stewardship
• Highest Ethical Behavior
• Respect for People
4540353025201510
50
1990 1996 2000 2004 2008
Mill
ions
of M
etric
Ton
s of
CO 2 E
quiv
alen
ts
Reflectsa60%reductionsince1990.PriortotheINVISTAseparation,DuPontachieveda72%reductionbelowtheoriginal1990baseline.Note:dataadjustedfor1990–2000yearstoreflectINVISTAdivestiture,and2004baselineandsubsequent years adjusted to reflect all acquisitions and divestitures.
Global Greenhouse Gas Emissions
Type of Sites 2007 2008 2009 2010 Actual Actual Actual Plan
LargeSites 2 13 23 12
SmallSites<200people 0 2 23 54
FixedCostProductivity* $42 $209 $510 >$200
* dollars in millions
Six Sigma
2009 was the tenth full year of implementation of DuPont Six Sigma. We have trained over 29,000 employees as Master Black Belts, Black Belts or Green Belts.Air Carcinogens—Since 1990, DuPont has reduced its global
carcinogen emissions 92 percent. By 2015, we will further reduce these emissions at least 50 percent (from a base year of2004)bringingtotalreductionssince1990to96percent.Progressatyearend2008:down50%versus2004.
R&D Opportunities—By 2015 DuPont will double its investment in R&D programs with direct, quantifiable environmental benefits forourcustomersandconsumers.Progressatyearend2008:$570millioninvestedin2008versusgoalof$640millionby2015.
Safer Products—By 2015 we will introduce at least 1,000 new products or services that make people safer. Progress at year end2008:introduced371.
Non-depletable Resources—By 2015 DuPont will nearly double revenuesfromnon-depletableresourcestoatleast$8billion.Progressatyearend2008:$6.8billion.
DuPont Production System
DuPont Production System (DPS) is a strategy that engages all employees with a common set of tools focused on eliminating inefficiencies and creating sustained value for our customers and shareholders. Focusing on continuous improvement while seeking and valuing employees’ contributions, DPS is designed to train employees on standard tools and techniques to solve problems, eliminate waste and measure progress. DPS also is designedtotransformcompanyculture.In2006,theneedforDuPont to launch a production system was identified as key to top quartile performance in world-class manufacturing. By theendof2009,DPSwasdeployedatmorethan60DuPontplant sites globally, with a presence in all four of the company’s regions. In 2010, DuPont is working to successfully implement DPSatanadditional66sitesworldwide.
Throughout its history, DuPont has been guided by a well-defined set of core values that have remained constant as the company grew from its origins as an explosives company to the global science company it is today. Safety and health, environmental stewardship, high ethical standards and respect for people remain our values. They are practiced everywhere the company does business. All our operations around the world are held to the same standards.
Industries, Regions, and Ingredients
2009 Sales by Major Industry (percentage of total company)
Primary Uses 2009
a. Agricultural Activities . .Ag and Nutritionb. Electricity . . . . . . . . . . . . .Variousc. Ethane . . . . . . . . . . . . . . .Packaging Polymersd. TiO2 . . . . . . . . . . . . . . . . . .Titanium Technologiese. Natural Gas . . . . . . . . . . .Variousf. Pigments . . . . . . . . . . . . .Performance Coatingsg. Adipic Acid . . . . . . . . . . .Engineering Polymersh. HMD . . . . . . . . . . . . . . . . .Engineering Polymersi. Solvents . . . . . . . . . . . . . .Performance Coatingsj. DMT . . . . . . . . . . . . . . . . .Packaging Polymersk. Liquid Resins . . . . . . . . . .Performance Coatingsl. Methacrylates . . . . . . . .Surfacesm. Chlorine . . . . . . . . . . . . . .Titanium Technologiesn. Steam . . . . . . . . . . . . . . . .Variouso. Isocyanates . . . . . . . . . . .Performance Coatings
a
b
c
d
e
fg
hi
jk
lmno
Packaging and Logistics
Top Purchased Energyand Raw Materials
Contract Manufacturingand Other
Other Purchased Energyand Raw Materials
Top Purchased Energy and Raw Materials2009 Variable Cost – Cash Basis – approximately $12.5 B*
*Management best estimate
2009 DuPont Data Book 15
0
5
10
15
20
25
30
Othe
r*
Aero
spac
e/Ai
rcra
ft/Pu
blic
Sec
tor
Othe
r Ind
ustri
al
Text
ile/A
ppar
el
Chem
ical
/Pet
roch
emic
al
Plas
tics
Elec
trica
l and
Ele
ctro
nics
Com
mer
cial
Con
stru
ctio
n/M
ater
ials
Resi
dent
ial C
onst
ruct
ion/
Mat
eria
ls
Afte
rmar
ket M
otor
Veh
icle
Coa
tings
Mot
or V
ehic
le P
arts
and
Equ
ipm
ent
Mot
or V
ehic
le–O
EM P
aint
Food
Ingr
ed.,
Refri
g. a
nd P
acka
ging
Agric
ultu
re/F
ood
Non
-Foo
d Pa
ckag
ing
* Including personal and health care, paper, mining and energy
2009 Net Sales by Region*
Geographic Information 2009 2008 2007(dollars in millions) Net Sales % of Total Net Sales %ofTotal Net Sales %ofTotal
United States $ 9,814 38% $11,091 36% $11,277 38%Developed EMEA 5,302 20% 7,146 23% 6,868 23%Emerging EMEA* 1,863 7% 2,340 8% 1,961 7%Developed Asia 2,209 9% 2,583 9% 2,520 9%Emerging Asia* 2,980 11% 2,900 9% 2,657 9%Latin America* 3,182 12% 3,562 12% 3,132 11%Canada 759 3% 907 3% 963 3%
Total $26,109 100% $30,529 100% $29,378 100%Total Net Sales in Emerging Markets* 8,025 31% 8,802 29% 7,750 26%
*For a list of countries comprising “Developed” and “Emerging Markets”, see the Company’s Investor Center web site under “Related Financial Information”.
16
DuPont Science & TechnologyDuPont Science & Technology provides technologies and transformational options for new and existing businesses building on a long, rich legacy of leading science and innovation. Today, integration of physical sciences, life sciences, math, information technology and engineering leads to new insights about materials, organisms, and systems. Our focus is to connect our portfolio of technology with market needs to deliver unique solutions around the world to make peoples’ lives better, safer and healthier. Uma Chowdhry
Senior Vice President and Chief Science and Technology Officer
In 2009 DuPont had a record breaking year for innovation, as illustrated by our metrics.
Patents filed and granted: In 2009, DuPont scientists filed more than 2,000 patent applications in the U.S., the highest number inourlonghistoryofinnovationandupalmost8%over2008.PatentsgrantedbytheUSPTOincreasedbyalmost20%to592,the4thhighesttotalincompanyhistory.
New product launches: DuPontcommercialized1,451newproducts or new product applications in 2009, an increase of 60%fromtheyear2008andanincreaseof21%from2007.Overthepast5years,DuPonthaslaunchedover6,000newproductsand applications.
Sales from new products: DuPont revenue from products launched in the previous five years was almost $10 billion in 2009.Theserecentlylaunchedproductsaccountedfor39%percentofthecompany’srevenuein2009,upfrom24percent in 2001.
2009 Innovation Metrics ($ in millions)
Metric Full Year 2009
Total U.S. patent applications 2,086
U.S. patents granted 592
New products commercialized 1,451
Revenue from new products $9,984
%Revenuefromnewproducts 39%
Total R&D expense $1,378
R&Das%ofrevenue 5.3%
Key Capabilities
Plant geneticsPlant breedingCrop chemistryNutrition scienceGenetic engineeringMetabolic engineeringProteomicsMicrobiology
Molecular biologyFunctional genomicsMaterials scienceParticle science and dispersionColorants and color measurementFluorine chemistryPhoto active materialsPrecision patterning
Nanoscale science and engineeringSurface and colloidal sciencePolymer science and engineeringCatalysis Organometallic chemistryProcess development and engineering World-class safety technology
45%
40%
35%
30%
25%2004 2005 2006 2007 2008 2009
30%
39%
% Sales from Products Commercialized in Last Five Years
R&D Investments vs. Megatrends—Year 2009
Research capability is leveraged globally.
~15%
~12%
~14%
~9%
~50%
2009 DuPont Data Book 17
DuPont Applied BioSciencesDuPont Applied BioSciences is focused on the development and commercialization of biotechnology solutions for a range of industries including energy, materials, specialty products and biomedical applications. The business uses biology, chemistry, materials science and engineering in an integrated manner to develop renewably sourced products with equal or better performance than petrochemical based products.
Craig F. BinettiPresident,Nutrition & Health andApplied BioSciences
Key markets include: transportation fuels, textiles, carpets, personal care, human nutrition, aquaculture and medical devices.
BioMaterials
DuPont™ Sorona® polymer growth accelerated during 2009 as DuPont brought additional polymer capacity on line in both Kinston, NC and in China via its partnership with Zhangjiagang Glory Chemical Industry Co., Ltd. The additional volume helped support the strong growth in apparel, flooring and automotive applications. Sorona® offers superior softness, dyeability, and stain resistance in addition to renewability.
The demand for SmartStrand® with DuPont™ Sorona® renewably sourced polymer, a line of residential carpeting from Mohawk Industries, grew through 2009. The unique performance characteristics of fibers made from Sorona® polymer were further validated by the U.S. Federal Trade Commission when it granted the petition for a new sub-generic classification for Sorona® PTT fibers in March 2009. The new generic name, triexta, differentiates Sorona® from other fiber types at the consumer level. In addition, Sorona® was introduced into commercial carpet applications at the June 2009 Neocon Trade Fair, and work continues with several carpet mills to develop offerings for broadloom and carpet tile applications. In automotive, Toyota announced that it adopted Sorona® for use in the ceiling surface skin, sun visor and pillar garnish for its new SAI® compact luxury car model in Japan. Sorona® was also adopted for optional floor mats sold under the Toyota brand.
Customer interest in Bio-PDO™ remains high across the fluids and polymers businesses. ITWC of Malcolm, Iowa introduced Susterra® propanediol into the polyurethanes industry as a new line of bio-content based polyester polyols and elastomers. Kilfrost, Inc. of Haltwhistle, UK introduced TKS Sustain, an in-flight deicing fluid for private planes, based upon Susterra®. Propanediol was also approved in September for use in engine coolants by ASTM International. In personal care and cosmetics, Zemea® propanediol has been globally adopted in over 150 products ranging from skin and hair care to deodorants. Zemea® has also been certified by the Natural Products Association.
BioFuels
The DuPont Danisco Cellulosic Ethanol, LLC (DDCE) joint venture continued step change improvements in technology development aimed at creating the lowest cost and capital-intensive technology package for cellulosic ethanol production. In 2009, the JV completed construction of its 250,000 gallon per year demonstration pilot facility in Vonore, Tenn. The facility is designed to develop basic data for commercial processes based on corn cob or switchgrass feedstocks. The next step for the JV will be to move toward commercialization.
In 2009, DuPont completed the formation of Butamax™ Advanced Biofuels, LLC, a joint venture with BP to commercialize biobutanol. The JV is headquartered in Wilmington, DE. Construction of the demonstration facility at Hull in the United Kingdomisunderwayandwillbecompleted3Q2010.Biobutanolis an advanced biofuel which is fungible with existing gasoline infrastructure and can be used to meet government goals in renewable fuels.
BioSpecialties
TheOmega-3programhasprogressedwithitsfirstinitialproduct launch into the nutritional supplements market via a major U.S. nutritional supplement company.
ThenextstepintheOmega-3businessistoadvancethecommercializationincludinginitialtrialsofourOmega-3yeastproduct in aquaculture, creating a new class of premium fish for consumers that will be sustainably farmed and naturally high in Omega-3s.
BioMedical
The DuPont BioMedical initiative is capitalizing on the company’s materials expertise to serve the medical community by developing products that are safer, more effective, and easier to use than current alternatives. Products in development include surgical sealants and adhesion barriers.
18
DuPont Agriculture & NutritionDuPont Agriculture & Nutrition expects to grow aggressively through innovative products and services that help the world increase the quantity, quality, safety and sustainability of our food supply. We leverage our strengths in biology, chemistry and biotechnology along with our knowledge of the food value chain. Our businesses own a broad portfolio of brands, including Pioneer® seeds, Solae™ soy products, and BAX® pathogen screening, as well as recognized brand insecticides, fungicides, and high-value, low-use-rate herbicides. We are improving grower productivity and creating innovative food sources, feed ingredients, and energy materials.
2008
(dollars in millions)
$1,200
$02007
$200
$400
$600
$1000
$800
$1,400
2009
Pretax operating income – before significant items
Overview (dollars in millions)
2009 2008 2007Segment sales $8,287 $7,952 $6,842
Less transfers — — —Net sales 8,287 7,952 6,842
Pretax operating income 1,224 1,087 894Pretax operating income – before significant items 1,223 1,109 894Research and development 734 692 616Depreciation and amortization 439 460 418Equity in earnings of affiliates 47 25 3
Segment net assets 6,212 5,972 5,712Affiliate net assets 312 184 157Expenditures for long-lived assets 340 376 249
Growth Strategies
• Acceleratinggrowthinastrong Ag market environment
•Advancingandcommercializingnew technologies
•Expandinggloballeadershipposition with rapid growth in emerging markets
•Capturingvaluethroughdifferentiated distribution
• Continuinggainsfromproductivityimprovements
2009 Segment Sales Data
By Major Product Group
Corn Seeds 38%
Other 2%
Other Seeds 5%
Insecticides 7%
Herbicides 14%
Fungicides 7%
Soybean Seeds 13%
Food Ingredients 14%
By Major Industry
Seeds 56%
Food Ingredients 15%
Chemicals 29%
By Region
Europe** 23%
North America* 50%
Asia Pacific 10%
Latin America 17%
*Includes U.S. and Canada**Includes Europe, Middle East and Africa
James C. CollinsPresident,DuPont Crop Protection
Paul E. Schickler President, Pioneer Hi-Bred International, Inc.
Craig F. Binetti President,Nutrition & Health andApplied BioSciences
Key Capabilities Key Products & Services Core Markets
Plant genetics Seeds Production agricultureBiotechnology Traits Food processing chemicalsCrop chemistry Crop protection Nutrition science Food ingredients Protein formulation Food quality and safety
2009 DuPont Data Book 19
Recent Product ExamplesProducts/Services Innovation Markets Served
Insecticides Samcor®
Premio®
Arilon™
Low dose rate, highly effective pest control agent in the Rynaxypyr® family of insecticides Low dose rate, highly effective pest control agent in the Rynaxypyr® family of insecticides Provides non-repellent residual insect control using Meta-Active™ technology for targeted pest control
Japan fruit tree Brazil soybean, sugarcane and vegetables Professional pest control
Corn Herbicides Steadfast® Q Accent® Q Ritmic®
SU soluble granule blend with safener technology SU soluble granule blend with safener technology First proprietary Nicosulfuron liquid formulation with a built in adjuvant system
North American corn North American corn France Corn
Pioneer® brand corn with Herculex® RW rootworm protection and Herculex® XTRA insect protection
Stacked rootworm and insect protection available for stacked resistance
North American corn
Pioneer® brand Y series soybeans High yielding soybean varieties Global food
Supro® 430 isolated soy protein Soy protein ingredient technology for nutrition bars Global food
Supro® XF isolated soy protein Soy protein ingredient technology for beverages Global food
BAX® System Real-time PCR assay for Vibrio Real-time PCR assay for E. coli O157:H7
Next-day DNA test for three pathogenic species in seafood Same-day DNA test for ground beef, trim and produce
Global food processing Global food processing
DuPont™ PCR Reagent Kits Tablets and reagents to simplify PCR in molecular bio labs Global research, academia
SoleCina™ Affordable meat/soy nutrition Global C&D consumers
Acquisitions and Joint Ventures (2007–2009)Nandi Seeds Private Limited – acquisition of India cotton seeds
company as a means of entrance into the India cotton seeds market (2009)
MapShots, Inc. – agricultural data management company –extend Pioneer FIT® mapping service and information available through Growing Point® to help growers achieve the most effective productplacements(2008)
Farms Technology, LLC – equity stake as part of strategy to create additionalvalueforcustomersandgrainbuyers(2008)
Beijing Kaituo DNA Biotech Research Center Co., LTD (2007) GreenLeaf Genetics, LLC – joint venture to facilitate out-licensing
of seed genetics (2007)
Divestitures and Shutdowns (2007–2009)Linuron assets divested – sold to Tessenderlo Kerley (2009)Bordeaux,Franceproductionplant(2008)Bolzano,Italyproductionplant(2008)Mepiquat and cotton harvest aid assets divested – sold to Nufarm AmericasInc.(2008)
8thContinent™Soymilk–soldtoHeritageDairy(2008)Super Boll® and Freefall® cotton product assets divested – sold to
Etigra (2007) Vendex® Miticide assets divested – sold to United Phosphorus LTD
(2007)SuperTin® Fungicide assets divested – sold to United Phosphorus
LTD (2007)Cotoran® Herbicide assets divested – sold to Makhteshim Agan of
North America, Inc. (2007)Sinbar® & Zobar® Herbicide assets divested – sold to Tessenderlo
Kerly (2007)DuPont Farm Solutions sales and market joint venture with Maruwa
Kabushhiki Kaisha (Japan) dissolved (2007)Marengo, Iowa production plant (2007)YunMeng – sold plant to local prominent businessman (2007)
20
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
Crop Protection www.dupont.com/ag
Herbicides
Corn herbicides:
Accent® QBasis® Cinch® Cinch® ATZ Cinch® ATZ LiteResolve™ QSteadfast® ATZ Steadfast® QStout® Titus®
Broadleaf weed controlGrassy weed control
Mobile, AL El Paso, IL Manati, PR Cernay, France
Aminodimethoxypyrimidine Cyanuric chloride Monomethylamine Nicotinic acid
BASF Bayer Dow Agrosciences Mahkteshim AganMonsanto Syngenta
Soybean herbicides:
Assure® II Canopy® Canopy® EXClassic® Enlite®
Envive™
Synchrony® XP
Broadleaf weed controlSelective weed control
El Paso, IL Flumioxazin
Cereal herbicides:
Affinity® Ally® Cimarron® Express® Finesse® Glean®
Granstar®
Harmony® Lexus® Pastora™
Refine®
SU Blends
Broadleaf weed controlSelective weed control
El Paso, IL Manati, PR Girraween, Australia Cernay, France Shanghai, China
Benzyl mercaptan Cyanamide Dimethyl carbonate Methyl thioglycolate Saccharin
Rice herbicide:
Gulliver® Selective pre- and post-emergence weed control
Manati, PR Aminodimethoxypyrimidine o-Toluic acid
Cotton herbicides:
Staple® Staple® LX
Post-emergence weed control
Lerma, Mexico Pyrithiobac sodium
Potato herbicide:
Matrix® Selective broadleaf weed and grass control
Cernay, France Aminodimethoxypyrimidine
Sugar beet herbicides:
Debut® Safari® Upbeet® Venzar®
Post-emergence weed control
Manati, PR Cernay, France
2-Carbomethoxy- 6-methylbenzenesulfonyl chloride
Sugarcane herbicides:
Advance® Velpar® K
Pre-emergence weed control
LaPorte, TX Diuron Hexazinone
DuPont Agriculture & Nutrition
2009 DuPont Data Book 21
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
Crop Protection (continued)
Herbicides (continued)
Citrus herbicides:
Hyvar® Krovar®
Pre-emergence weed control
LaPorte, TX Bromacil Diuron
Tomato herbicide:
Matrix® Selective weed control Cernay, France Aminodimethoxypyrimidine
Specialty herbicides:
Vegetation managementEscort® Karmex® Krenite® Oust® Oustar® Oust® Extra Telar® Velpar® Westar®
Brush and weed control (forestry and noncrop)
LaPorte, TX Manati, PR Lerma, Mexico
Cyclohexyl isocyanate Dichlorophenol isocyanate Hexazinone Saccharin
Fungicides
Acanto®, Acanto® Prima, Stinger®
Aproach® PrimaCurzate® Equation® Famoxate® Flusilazole Kocide® Manzate® Nustar® Punch® Talendo® Talius® Tanos®
Plant disease control Valdosta, GA Houston, TX Barranquilla, Colombia Cernay, France Asturias, Spain Bangpoo, Thailand
Carbon bisulfide Carbon monoxide Chlorine Copper hydrofide EDA Ethylene diamine Phenyl triazole Sodium triazole Triphenyltinhydroxide
BASF Bayer Dow Agrosciences Mahkteshim AganSyngenta
Insecticides
Acelepryn®
Advion®
Altacor® Ammate®
Arilon™ Asana® Avaunt®
Coragen®
Dermacor™
Ferterra®
Lannate®
Premio®
Prevathon® Rynaxypyr® Steward®
Vydate®
Residual action insect control in specialty food production and selected broad acre crop applications, as well as professional pest control and lawn care
Mobile, ALLaPorte, TX Barra Mansa, Brazil Cernay, France Savli, India Pasaruan, Indonesia Lerma, Mexico Cabuyao, Philippines Lung Tan, Taiwan Bangpoo, Thailand
Acetaldehyde oxime Ammonia Caustic soda m-Cresol Cyclohexanone Ethanol Methanol Methyl mercaptan Monochlorobenzene Monoethylamine Monomethylformamide Phosphorus pentachloride Trichloroacetaldehyde
BASF Bayer Dow Agrosciences Mahkteshim AganSyngenta
DuPont Agriculture & Nutrition
22
DuPont Agriculture & Nutrition
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
Pioneer Hi-Bred International Inc. www.pioneer.com
Alfalfa seed Canola seed Corn seed Inoculant Hybrid rice seed Millet seed Mustard seed Sorghum seed Soybean seed Sunflower seed Wheat seedz
Production AgricultureFeed industryFood industryEnergy industry
Woodland, CA Waialua, HI Algona, IA Cherokee, IA Mt. Pleasant, IA Renwick, IA Nampa, ID Princeton, IL Plymouth, INWorthington, INConstantine, MIYork, NEConnell, WASalto, ArgentinaItumbiara, BrazilLethbridge, Canada Paine, Chile Jiuquan, China Aussonne, France Szarvas, Hungary Hyderabad, India Malang, Indonesia Sissa, Italy Rosslyn, South Africa
Genes Germplasm
Bayer Dow Agrosciences Monsanto Syngenta
Nutrition & Health
Solae LLC www.solae.com
SUPRO® isolated soy protein
Soy protein concentrate and oils Alpha® Procon® Response® Supro® Max
Centex™ textured soy flour Solec™ lecithin Supro® XF
Food industry Gibson City, IL Remington, IN Bellevue, OH Pryor, OK Memphis, TN Leper, Belgium Esteio, Brazil Luohe, China Zhengzhou, China Aarthus, Denmark Tokyo, Japan Corby, United Kingdom
Soybean flake Food and grain ingredient companies and meat, milk, and egg producers
PRO-COTE® isolated soy protein
Paper industry Louisville, KY Soybean flake Starch and latex companies
DuPont Qualicon www.qualicon.com
BAX® system for pathogen screening
RiboPrinter® microbial characterization system
DuPont™ Lateral Flow systemDuPont™ StatMedia™ soluble
packets
Food, personal care, epidemiology, public health and pharmaceutical
Wilmington, DE Microbiological testing and instrumentation companies
2009 DuPont Data Book 23
DuPont Electronics & CommunicationsElectronics & Communications is focused on growth as a leading supplier of enabling materials and systems for photovoltaics, electronics, flat panel displays and advanced printing markets worldwide. As a leading technology supplier to the photovoltaic industry, DuPont offers a growing portfolio of solutions designed to help increase the efficiency and lifetime of solar modules and ultimately lower total system costs for PV power. The business also offers a broad portfolio of materials for semiconductor fabrication, as well as innovative materials for printed circuit board applications. The business develops materials for plasma displays and new innovative technologies for liquid crystal displays (LCD) and organic light emitting diode (OLED) displays and lighting. The segment is also leveraging its science in packaging graphics through its Cyrel® products and expanding its leadership position in inks and flexographic printing.
David B. MillerPresident DuPont Electronics & Communications
2008
(dollars in millions)
$400
$02007
$100
$200
$300
2009
Pretax operating income – before significant items
Overview (dollars in millions)
2009 2008 2007Segment sales $1,918 $2,194 $2,132
Less transfers (20) (30) (18)Net sales 1,898 2,164 2,114
Pretax operating income 87 251 314Pretax operating income – before significant items 124 288 314Research and development 134 165 151Depreciation and amortization 88 86 82Equity in earnings of affiliates 1 20 13
Segment net assets 1,439 1,389 1,402Affiliate net assets 190 210 205Expenditures for long-lived assets 237 157 119
Growth Strategies
• Aggressivelygrowinphotovoltaics,displays,consumerelectronics and advanced printing
• Expandphotovoltaicemergingtechnologies,newproductintroductions and materials capacity
• Deepenapplicationdevelopmentcapability
• Driveproductivitytofundgrowth
2009 Segment Sales Data
By Major Product Group
Electronic Materials 28%
Photovoltaic Materials 24%
High Performance Films and Laminates 11%
Display Materials 7%
Printing & Packaging Materials 30%
By Major Industry
Advanced Printing 30%
Electronics 29%
Photovoltaics 24%
Transportation 10%
Displays 7%
By Region
Asia Pacific 50%
North America* 20%
Europe** 26%
Latin America 4%
*Includes U.S. and Canada**Includes Europe, Middle East and Africa
Key Capabilities Key Products & Services Core Markets Polymer chemistry Flexographic printing systems Packaging graphicsPhotopolymers Photovoltaic materials Photovoltaic cells and modulesInorganic materials Semiconductor packaging and circuit materials Electronic components Precision patterning High performance films and laminates Flexible and rigid printed circuit board fabrication Application development Materials for plasma and LCD displays Plasma and LCD displays
Semiconductor fabrication materials Semiconductor manufacturingAdvanced printing materials Home, office and large-format digital inkjet printersAuthentication assurance holographics Product/brand authentication and security
Recent Product Examples
Products/Services Innovation Markets Served
Apollo thin-film photovoltaic modules and systems
Next-generation solar technology Renewable energy
CooLam™ thermal substrates Unique thermal management properties High brightness LED lighting
CoppeReady® barrier slurry Tunable copper barrier and dielectric polishing rates
Chemical mechanical planarization
CuSolve™ post-etch residue removers Robust cleaning performance with minimal copper etch for copper interconnect processes
Advanced semiconductor manufacturing
Cyrel®FAST plate production system Thermally processed digital flexographic printing plate
Packaging graphics
Fodel® 8G thick-film paste Silver conductor and black matrix offering lower cost-in-use, finer lines, and high quality
Plasma display panels
Izon® Authentication solutions Advanced3-Dfullparallaxholographicsecurity devices
Product/brand authentication and security
Kapton® CR polyimide film Corona-resistant polyimide film Wire insulation for high-speed trains in emerging markets
Kapton® ENA polyimide film High dimensional stability polyimide film IC driver circuitry for LCD display panels
Interra® HK planar embedded capacitor laminate
High-capacitance laminate Printed circuit boards for high data rate transmission
Pyralux® TK flexible laminate Flexible laminate for high-speed applications Cabling and flexible circuits for high data rate transmission
Solamet® photovoltaic metallizations Higher cell efficiency, higher product yields and lower material consumption
Photovoltaic cells
Tedlar® PV2100 PVF films Increased dimensional stability, tear abrasion resistance and higher reflectance, improving output and efficiency
Photovoltaic modules
Vertak® Gen II bonding adhesive Reworkable adhesive used to bond coverplates and touch sensors to LCDs
LCD display panels
24
2009 DuPont Data Book 25
DuPont Electronics & Communications
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
www2.dupont.com/Electronics/en_US/ www2.dupont.com/Packaging_and_Graphic_Arts/en_US/ www2.dupont.com/Photovoltaics/en_US/index.html
Artistri™ inks for digital textile printing
Birox® thick-film resistor compositions
CoppeReady® chemical mechanical planarization slurries
CuSolve™ post-etch residue removers
Cyrel® flexographic printing plate systems
Cyrel® FAST thermal platemaking systems
Cyrel® round seamless photopolymer sleeves
DuPont inks for printer OEMsFodel®8Gthick-filmpasteGreen Tape™
low-temperature co-fired ceramics
Holographic optical elements for labels and tags
ImageMaster™ photo-tool systems
Interra® planar embedded capacitor laminate
Izon® anti-counterfeiting devices
Kapton® polyimide film Luxprint® electroluminescent
compositions Mazin® colloidal silica slurry Microlithographic polymer
films Microlux® polyimide
laminates MicroPlanar® chemical
mechanical planarization slurries
Oasis® composite film PlasmaSolve® post-etch
residue removers Polymers for semiconductor
photoresists Posistrip® photoresist
removers Pyralin® polyimide coatings Pyralux® flexible laminates,
sheet adhesives, and films Riston® dry film photoresists Solamet® photovoltaic
metallizationsSpecialty Colorants and
Polymers Vertak™ Bonding Technology
for LCD Displays Syton® colloidal silica slurryTedlar® PVF film Thick-film conductor and
resistor compositions
Automotive electronics Biosensors Electronic components Electronic insulation Home, office and
large-format digital ink-jet printers
LCD and plasma displays Packaging graphicsPhotovoltaic cells and
modulesPlasma and LCD displaysPrinted circuit board
fabrication Product/brand
authentication and security
Semiconductor fabrication and packaging
Textile printingWafer polishing
Bayport, TX Bristol, United Kingdom Circleville, OH Dayton, OH Dongguan, China Fayetteville, NC Fort Madison, IAGumi, Korea Hayward, CA Hitachi, Japan Hsinchu, Taiwan Logan, UTLouisville, KYManati, PR Mizushima, Japan Neu Isenburg, GermanyParlin, NJ Research Triangle Park, NC Rochester, NY Ruabon, United KingdomSanta Barbara, CAShenzhen, China Taoyuan, Taiwan Tokai, Japan Tonawanda, NYTowanda, PA Toyohashi, Japan
Acrylic monomersBlack and Color PigmentsBlock CopolymersColor DyesColloidal silicaCopper Difluoroethane DMACHydroxylamine Monomers and Polymer
Resins PolymersOxydianiline PET filmPlastic filmsPolyester film Polymer filmsPrecious metals Pyromellitic dianhydrideTiO2
3MAir Products ArisawaAsahi ChemicalCabot CorporationCabot Microelectronics CheilDenkaEternal Chemical Ferro Flint GroupFujifilmHeraeusHitachi Chemical Kaneka KaoLG ChemicalMacDermidMaruzenNippon Steel Noritake SensientSKC KolonTianwei Solar FilmsTokyo Okha KogyoTorayUbe
26
DuPont Performance ChemicalsDuPont Performance Chemicals expects to deliver accelerated earnings and cash growth through cost and working capital productivity and selected investments in higher growth markets, regions, and technologies to achieve top quartile performance among peer global specialty chemical manufacturers. Advanced DuPont products and technologies support improved functionality and lower costs for titanium dioxide; specialty, performance, and industrial chemicals; and superior electrical properties, thermal performance, chemical inertness, and surface characteristics for fluoro-enabled markets. DuPont is the world’s largest manufacturer of titanium dioxide, reliably supplying global coatings, plastics and paper industries while maintaining a position as low cost producer and a leader in the development of sustainable technologies. The company continues to create targeted product renewal innovations such as next generation refrigerants, while broadening the scope of products and processes dedicated to clean air, clean and renewable fuels, and clean water.
Gary W. SpitzerPresidentDuPont Chemicals & Fluoroproducts
Richard C. OlsonPresidentDuPont Titanium Technologies
2008
(dollars in millions)
$1,000
$02007
$200
$400
$600
$800
2009
Pretax operating income – before significant items
Overview (dollars in millions)
2009 2008 2007Segment sales $4,964 $6,035 $5,836
Less transfers (145) (229) (227)Net sales 4,819 5,806 5,609
Pretax operating income 547 687 921Pretax operating income – before significant items 601 743 921Research and development 90 102 122Depreciation and amortization 267 261 247Equity in earnings of affiliates 9 16 23
Segment net assets 3,297 3,673 3,741Affiliate net assets 152 137 109Expenditures for long-lived assets 192 349 460
Growth Strategies
• Continuegainsfromproductivityimprovements– enhancing ability to compete and grow in any region
• Furtherglobalizeoperationsandaccelerategrowthin emerging markets
• Fulfillcustomerneedsviasupplyandvaluechainexcellence
• Targetinnovation,focusingonlowcostprocesses, sustainable technologies and high growth opportunities
2009 Segment Sales Data
By Major Product Group
Fluoroproducts 29%
White Pigments 44%
Industrial and Specialty Chemicals 27%
By Major Industry
Plastics 11%
Specialties 29%
Industrials and Chemicals 27%
Construction 28%
Other 5%
By Region
Europe** 20%
North America* 44%
Asia Pacific 23%
Latin America 13%
*Includes U.S. and Canada**Includes Europe, Middle East and Africa
2009 DuPont Data Book 27
Key Capabilities Key Products & Services Core Markets
Dispersion and particles technologiesFluorine chemistryProtective chemicals Global scale and scopeWorld-class safety reputation
Titanium dioxide Architectural coatingsHVAC refrigerationChemical processing industriesPlasticsPaper
RefrigerantsSurfacing materialsSpecialty, performance, and industrial chemicals
Acquisitions and Joint Ventures (2007–2009)(2002-2004)
Chemtura,Inc.–ElDorado,AR–FireExtinguishantsandFluorineSpecialties(2008)IsoTherming™ Technology (2007)
Divestitures and Shutdowns (2007–2009)Catalysts (2009)Uberaba,Brazil(2008)
Recent Product Examples
Products/Services Innovation Markets Served
Grade III TiCl Highest purity TiCl in the market Titanium metal
R-796+ Superior light stability Laminates
R-902+ TiO2 pigment Multipurpose pigment Coatings applications
R-741 TiO2 pigment Improved tint strength Architectural flat coatings
R-350 TiO2 pigment Improved dispersibility, processing and additive compatibility Plastic high-end films
IsoTherming™ hydroprocessing technology
Provides a faster and less expensive way for refiners to make cleaner fuel
Oil refining
RelyOn™ antiseptics and disinfectants
Multipurpose disinfectants and hand antiseptics for reducing the spread of viruses
Human health
Sulfuric acid regeneration Sulfur management/emission abatement Oil and gas refinery
Virkon® S disinfectant Broad-spectrum virucidal veterinary disinfectant for livestock disease prevention and control
Animal health
Nafion® 2030 chloralkali membrane Chloralkali membrane providing an alternative to mercury Chloralkali
Isceon® refrigerant blends Easy retrofit replacement for ozone depleting CFCs and other HCFCs
Refrigeration
Teflon® FEP 9810 foam resin High productivity and improved electrical performance Electronic data and telecom cables
CoppeReady® barrier slurry Tunable copper barrier and dielectric polishing rates Chemical mechanical planarization
28
DuPont Performance Chemicals
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
DuPont Chemicals & Fluoroproducts www.teflon.com www2.dupont.com/Refrigerants/en_US www2.dupont.com/Directories/en_US/Products_Services_Index/Chemicals/Cleaners_Disinfectants.html www2.dupont.com/Clean_Technologies/en_US/products/sulfur/sulfuric_acid.html
Aniline Anthium® chlorine dioxide
solutions Chlorosulfonic acidDimethyl sulfate Industrial chemicals Glycolic acid Krytox® lubricants Methylamines/Methylamides Oxone® monopersulfate Phenylenediamines Cyanide Sodium/Lithium StoneTech® Sulfuric acid Teflon® protectors TraSys® mold release
systems Vazo® initiators Virkon® S disinfectant Dymel® aerosol propellants FETM fire extinguishants Formacel® blowing agents HCFC 22 refrigerants Isceon® refrigerant blends Suva® refrigerants Vertrel® cleaning agents Zyron® electronic gasesNafion® ion exchange
membranes Teflon® fluoropolymer Teflon® and Autograph®
non-stick coatingsTefzel® fluoropolymer
Agriculture Aerosol propellants Aerospace AutomotiveChemical handling and
processingChemical intermediates ConstructionData communications Electronic gasses FE systems Federal government Fine chemicalsHousewaresInsulationLocal governments Mining Petroleum refining Pharmaceuticals Polymer intermediates Precision cleaning Refrigeration/HVAC Semiconductor
manufactureTextile Urethane intermediates Water treatment
Baytown, TX Beaumont, TX Belle, WV Buffalo, NY Burnside, LA Changshu, China Chiba, Japan Circleville, OH Corpus Christi, TX Deepwater, NJ Delaware City, DE Dordrecht, The
NetherlandsFayetteville, NC Fort Hill, OH Houston, TXHumberside, United
Kingdom James River, VA LaPlace, LALa Porte, TX Louisville, KY Madurai, India Maitland, CanadaMalmö, Sweden Mechelen, Belgium Memphis, TN Niagara Falls, NY North Kingstown, RI Parkersburg, WV Parlin, NJ Pascagoula, MSShenzhen, ChinaShimizu, Japan Sudbury, United
Kingdom Villers-St. Paul, France Walnut Creek, CA Wurtland, KY
Acrylic esters Ammonia Benzene Caustic Chloroform Chlorine Difluoroethane Formalin Fluorspar HCFC 22 Hexafluoropropyleneoxide HydrochlorofluorocarbonHydrofluoric acid Hydrogen Hydrogen cyanide Iodine Isophthalic acid Ketones Methane Methanol Natural gas Nitric acid Oleum Perchloroethylene Petroleum reviningSodium chloride Sulfur Tetrafluoroethylene Titanium tetrachloride Toluene VCM
3MAir Products Arkema Asahi Glass BASF Bayer Clariant Chemtura Cytec Daikin Dyneon/3MDegussa FMC General Chemical Honeywell INEOS KDK Rhodia Solexis Solvay/Ausimont Whitford Worldwide
DuPont Titanium Technologies www.titanium.dupont.com
Starblast® abrasivesTi-Pure® titanium dioxideTitanium tetrachlorideZircon sands
AirblastingCatalystsCeramicsCoatingsFoundriesPaperPlasticsRefractories
Altamira, MexicoDeLisle, MSEdge Moor, DEKuan Yin, Taiwan New Johnsonville, TNStarke, FL
ChlorineCokeIlmeniteRutile
Cristal-MillenniumHuntsmanIshiharaKemira OyKronos WorldwideTronox
2009 DuPont Data Book 29
DuPont Performance CoatingsDuPont Performance Coatings expects to deliver earnings and cash growth through cost and working capital productivity while making selected growth investments, so that top quartile financial performance among global industry peers is achieved. The segment leverages its technology and know-how of coatings products to create value for customers by increasing their productivity, delivering innovative high-performance products, and enabling higher quality service and value to their customers. Offerings include coatings, systems and services to fulfill functionality, aesthetics, and process needs.
Terry CaloghirisPresidentDuPont Performance Coatings
2008
(dollars in millions)
$400
$02007
$100
$200
$300
2009
Pretax operating income – before significant items
Overview (dollars in millions)
2009 2008 2007Segment sales $3,429 $4,361 $4,348
Less transfers (1) (1) (1)Net sales 3,428 4,360 4,347
Pretax operating income 69 (8) 366Pretax operating income – before significant items 84 201 366Research and development 56 69 71Depreciation and amortization 123 111 107Equity in earnings of affiliates 1 1 1
Segment net assets 2,018 2,226 2,607Affiliate net assets 15 15 12Expenditures for long-lived assets 55 91 126
Growth Strategies
• Continuetodrivecostandworkingcapitalproductivity
• Furtherlocalizeoperationsandaccelerategrowthinemergingmarkets
• Delivercoatingsandservicesolutionstocustomers
• Expandleadershippositioninenvironmentallyenhancedtechnologies
• Expandrefinishcoatings
2009 Segment Sales Data
By Major Product Group
OEM Coatings 28%
Refinish Coatings 48%
Industrial Liquid and Powder Coatings 24%
By Major Industry
Auto OEM 28%
General Industrial 14%
Auto Aftermarket 53%
Other 5%
By Region
North America* 26%
Europe** 46%
Asia Pacific 12%
Latin America 16%
*Includes U.S. and Canada**Includes Europe, Middle East and Africa
30
Key Capabilities Key Products & Services Core Markets
Dispersion and particle technologies Liquid and powder coatings Automotive OEMColor management Coatings and application services Collision repairCoatings applications Industrial coatingsManufacturing excellence TransportationGlobal scale and scope
Divestitures and Shutdowns (2007–2009)
Lemans, France site (2009)Landshut, Germany site, OEM Powder manufacturing only (2009)Breda, Netherlands site (2007)
Recent Product Examples
Products/Services Innovation Markets Served
3 Wet Water-borne process Eco-Concept Auto OEM
3 Wet Solvent-borne process Consolidated process, improved emissions, and reduced cost
Auto OEM
Cromax® Pro Environmentally friendly waterborne basecoat, enhancing productivity, application and appearance
Auto refinish/EMEA
ChromaBase® YB (4 to 1) Simplified system to enhance mixing efficiency and accuracy Auto refinish
Ultra Low Bake Powder Enables powder coatings to be used with heat sensitive substrates Furniture, kitchen, garage, utility cabinetry
Vacuprime acrylic topcoats Chrome replacement Auto wheels
ElectroShield™ Electrodeposition Primer
Unique catalyst technology to enable low temperature cure Auto, agriculture, construction, and general industry
Premium Productive Line Premium quality and appearance with higher throughput Refinish
Lucite® Refinish Collision – System An economy collision system for emerging markets Refinish, emerging markets
Alesta® ZeroZinc Powder Primer A powder primer free of zinc and heavy metals Industrial powder
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
DuPont Performance Coatings www.performancecoatings.dupont.com
Centari® automotive and refinish enamels
ChromaBase® refinish systemCorMax® electrodeposition
primersCromax® waterborne finishesHot Hues™ refinish systemImron® finishesNason® refinishSpies Hecker® refinishStandox® refinishElectroShield™
electrodeposition primers
AerospaceAutomotiveCollision repairMarine TransportationIndustrial coatingsPipe coatingsGeneral industrial
applications
Fort Madison, IAMount Clemens, MI Front Royal, VAHouston, TX Hilliard, OH Tlalnepantla, MexicoSao Paulo, BrazilValencia, VenezuelaDarlington, United
KingdomGuntramsdorf, AustriaMechelen, BelgiumWuppertal, GermanyLandshut, Germany
Acrylic monomers Aliphatic and aromatic hydrocarbon solventsOrganic pigmentsPolyurethaneEpoxy/Polyester resinPolyesterAlkyd resin
Akzo Nobel AltanaBASFKansai NipponPPGSherwin-WilliamsValspar
Voltron® high performance wire enamels
Montbrison, FranceVaestervik, Sweden
Alesta® powder coatingsNap-Gard® powder coatingsIndustrial CoatingsVolatex® core sheet varnishes
Jiading, China Changchun, China
2009 DuPont Data Book 31
DuPont Performance MaterialsDuPont Performance Materials expects to deliver earnings and cash growth through cost and working capital productivity while making selective growth investments. The segment provides its customers with innovative polymer science solutions and expert application development assistance to enhance the performance, reduce the total system cost and optimize the sustainability of their products. Key market segments include transportation, flexible food and beverage packaging, electrical/electronic components, material handling, healthcare, construction, semi-con and aerospace. DuPont Performance Materials is among the most global of DuPont’s businesses, with rapid expansion in emerging markets.
Diane H. GulyasPresidentDuPont Performance Polymers
William J. HarveyPresidentDuPont Packaging & Industrial Polymers
2008
(dollars in millions)
$1,000
$02007
$200
$400
$600
$800
2009
Pretax operating income – before significant items
Overview (dollars in millions)
2009 2008 2007Segment sales $4,768 $6,425 $6,630
Less transfers (40) (39) (43)Net sales 4,728 6,386 6,587
Pretax operating income 287 128 626Pretax operating income – before significant items 295 438 811Research and development 91 105 105Depreciation and amortization 249 219 214Equity in earnings of affiliates 37 44 (155)
Segment net assets 3,286 3,595 3,820Affiliate net assets 430 437 421Expenditures for long-lived assets 122 271 273
Growth Strategies
• Drivecontinuedproductivityinitiatives
• Deliverinnovativeproductsandmarket-focusedsolutions
• Leverageglobalcapabilitiesandvaluechainexpertise
• Accelerategrowthinemergingmarkets
2009 Segment Sales Data
By Major Product Group
Elastomers 8%
Vinyl Polymers 7%
Engineered Parts 5%
Intermediates 4%
Engineering Resins 48%
Ethylene Co-polymers 24%
Other 4%
By Major Industry
Transportation 38%
Personal and Healthcare 6%
Construction 9%
Electrical and Electronics 11%
Packaging 15%
Paper and Plastics 16%
Other 5%
By Region
Europe** 31%
North America* 35%
Asia Pacific 26%
Latin America 8%
*Includes U.S. and Canada**Includes Europe, Middle East and Africa
32
Acquisitions and Joint Ventures (2007–2009)(2002-2004)
Beijing Hua Mei Polymer Company Ltd. – JV with Sinopec to manufacture EVA (2007)
Divestitures and Shutdowns (2007–2009)Performance Elastomers – announced in 2009 shutdown of Beaumont, TX Hypalon® production assets (2010)DuPont Teijin Films – announced in 2009 shutdown of Florence, SC PET Film production assets (2010)PD Glycol – shutdown of JV assets, Beaumont, TX (2009)Liquid Packaging Systems Unglass® rigid bottle business sold (2009)Liquid Packaging Systems – shutdown of the Ontario, CA rigid bottle plant (2009)PerformanceElastomers–shutdownofLouisville,KYneopreneproductionassets(2008)EngineeringPolymers–shutdownoftheTlalnepantla,MXproductionassets(2008)Liquid Packaging Systems’ Performance Films segment sold. Whitby manufacturing – Sold as part of the DLPS Performance Films divestiture (2007)Liquid Packaging Systems Prepac (France) Manufacturing shutdown (2007)Liquid Packaging Systems Savli (India) Manufacturing shutdown (2007)
Key Capabilities Key Products & Services Core Markets
Polymer science Engineering polymers AutomotiveApplications development Flexible packaging resins PackagingMaterials processing Industrial resins Electrical/Electronics
Performance elastomers ConstructionPumpable liquid systems (bags, pouch, fitments and filler equipment)
Food serviceConsumer durables
Performance films
Recent Product Examples
Products/Services Innovation Markets Served
QC/D® Encore™ connector and fitment
New fitment and connector technology for increased reliability and superior evacuation
Fountain beverage dispensing systems
Crastin® PBT Polyester Resins Blow moldable glass reinforced PBT for automotive airducts Automotive
Zytel® HTN Nylon Resins New non-halogen FR HTN for SMT connector applications Electrical/Automotive
Hytrel® RS polyester elastomer New, renewably sourced alternative to conventional Hytrel® with comparable properties, based on food bio-mass sources.
Automotive and Industrial/Consumer
Zytel® RS Nylon Resins New renewably sourced nylon products based on the castor plant. Multiple reinforced and unreinforced grades available in 2 different polymer families
Automotive and Industrial/Consumer
Rynite® PET Polyester Resins New non-halogen flame retardant PET resin for office automation applications Electronic/Industrial
Zytel® Nylon Resins New product which has been reformulated for improved mold deposit for Air Intake Manifolds
Automotive
Sorona® EP Resins New products based on renewable sources with equivalent or better functionality vs. petroleum based. Multiple reinforced, unreinforced and toughened grades available commercially
Automotive, Electronics/Electrical, Industrial/Consumer
Active Layer RS Partially renewably sourced, spill resistant breathable layer for carpet padding Construction
Biomax® Strong and Biomax® Thermal
Polymer additives improve the performance of bio-based polylactic acid (PLA) packaging in food contact applications
Packaging
Appeel® Resins Several new pealable sealant resins for easy open food packaging Packaging
DuPont PV Series products A range of resins and sheets utilized as encapsulants in photovoltaic applications
Construction
Entira® Additives Modified polyolefins and other polymers, providing permanent, anti-static dissipation for a variety of demanding applications
Packaging/Industrial
Entira® Coat New product for banners as a replacement for PVC providing better adhesion, drape and printability
Industrial
Entira® Bond Terpolymer additive that reduces cost of paving materials while maintaining performance
Construction
Vamac® Elastomers New ethylene acrylic elastomers that deliver improved productivity and better low temperature performance
Transportation
Kalrez® perfluoroelastomer parts
New offerings to withstand demanding chemical environments in semiconductor fabrication
Semiconductor
2009 DuPont Data Book 33
DuPont Performance Materials
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
DuPont Performance Polymers www.plastics.dupont.com www.dupontelastomers.com www.dupontteijinfilms.com
Crastin® PBT polyester resinsDelrin® acetal resins Hytrel® polyester elastomerRynite® PET polyester resinsTynex® nylon filaments Vespel® parts and shapes Zenite® LCP (liquid crystal
polymer) resinsZytel® and Minlon® nylon resinsZytel® HTN nylon resins
Hypalon® chlorosulfonated polyethylene
Kalrez® perfluoroelastomer parts Neoprene synthetic rubber Viton® fluoroelastomerVamac® ethylene acrylic
elastomer
Melinex® polyester filmMylar® polyester filmPurex® polyester filmTeijin® Tetoron® polyester filmTeonex® PEN film
Adhesives Aerospace Appliances Automotive Chemical processing ConstructionConsumer productsData storageElectrical/electronicsFlat panel displaysImaging Industrial hardware LabelsMedical and health care Packaging PhotovoltaicsPlastics modificationPower tools Print consumablesSemiconductor and
business machines
Newark, DE Circleville, OH Cleveland, OH Charleston, SC Chattanooga, TN Richmond, VA Parkersburg, WV Berazategui, Argentina Mechelen, Belgium Maitland, Canada Foshan, China Ningbo, ChinaShenzhen, China Wuxi, China Zhangjigang, China Uentrop, Germany Savli, India Gifu, Japan Ibaraki, JapanUtsunomiya, Japan Luxembourg Dordrecht, The Netherlands Landgraaf, The Netherlands Ulsan, Republic of Korea SingaporeLaPlace, LA Deepwater, NJ Beaumont, TX Fayetteville, NC Florence, SC Hopewell, VA Jakarta, Indonesia Dumfries, United Kingdom Wilton, United Kingdom
Adipic AcidButadiene Butanediol Caprolactam Chlorine Cyclohexane Dimethyl terephthalate
(DMT) Dodecanedioic acid Ethylene glycol Glass fiber Methanol OxydianilinePara-hydroxybenzoic
acid Paraxylene Perfluoromethylvinyl
ether PolyethylenePolytetramethylene
glycol Pyromellitic dianhydridePurified terephthalic
acid (PTA) 2,6NDCTFE/VF2
BASF Celanese/TiconaDaikin Denka DSM Dyneon/3MLanxessSabicSKC SolvaySt. GobainTorayToyoboMitsubishi
DuPont Packaging & Industrial Polymers www.packaging.dupont.com www.safetyglass.dupont.com www.liquidpackaging.dupont.com
Elvanol® polyvinyl alcohol resinsEthylene copolymers:
Bynel® coextrudable adhesive
Elvaloy® polymer modifiers Elvaloy® AC acrylate
resins (EMA, EEA, EBA copolymers)
Elvax® ethylene vinyl acetate resins
Fusabond® grafted modifiers Nucrel® acid copolymer
resins Surlyn® resins
Glass laminating products: Butacite® polyvinyl butyral
interlayerSentryGlas® ionoplast
interlayer Pasteurized and aseptic
packaging systems and filling equipment
Rigid blow molded containers and filling equipment
Tailored fitments, connectors and taps
Adhesives AutomotiveConstructionCosmetic/personal care
packaging Food and beverage
packaging Food service and bulk
foodsIndustrial packagingLeisure/sporting goods PavingPumpable liquid food
packaging Textiles Transportation Wire and cable
Fayetteville, NC LaPorte, TX Orange, TX Victoria, TX Parkersburg, WV Sarnia, Canada Uentrop, Germany Chiba, Japan Otake, Japan Ulsan, Republic of Korea Dordrecht, The Netherlands Zlin, Czech Republic Beijing, ChinaShenzhen, ChinaAntwerp, BelgiumSacramento, CA Lake Wales, FL Elkton, MD Auburn, MA Ashland, OH Upper Sandusky, OH
Acetic acid EthyleneMethacrylic acidMethylacrylateNylon PolyesterPolyethylene Polyolefin resinVinyl acetate monomer
ArkemaCelaneseConsolidated Containers DowExxonMobilKurarayLyondellRapak Sekisui Solutia
34
DuPont Safety & ProtectionDuPont Safety & Protection expects to grow aggressively by being the global innovation leader in engineered products, services and systems that protect lives, the environment, and critical processes and provide sustainable building solutions. The segment satisfies the growing needs of governments, businesses, and consumers globally for solutions that make life safer and healthier. By uniting dynamic science with the strength of highly regarded brands such as Kevlar®, Nomex®, Tyvek®, and Corian®, the segment delivers products and services to a large number of markets including construction, industrial chemical, energy, manufacturing, health care, transportation, and homeland security. In addition to serving its existing customer base, DuPont Safety & Protection is investing in the future with growth initiatives such as building innovations, personal protection, government solutions, environmental solutions, and safety and sustainable operations consulting.
Thomas G. PowellPresidentDuPont Protection Technologies
Thomas F. SchulerPresident DuPont Building Innovations
James R. WeigandPresident DuPont Sustainable Solutions
2008
(dollars in millions)
$0
$1,200
2007
$200
$400
$600
$800
$1,000
2009
Pretax operating income – before significant items
Overview (dollars in millions)
2009 2008 2007Segment sales $2,811 $3,733 $3,731
Less transfers (11) (14) (12)Net sales 2,800 3,719 3,719
Pretax operating income 260 661 1,032Pretax operating income – before significant items 305 758 1,032Research and development 83 105 98Depreciation and amortization 147 130 126Equity in earnings of affiliates 26 29 22
Segment net assets 2,217 2,335 2,135Affiliate net assets 84 96 91Expenditures for long-lived assets 228 468 198
Growth Strategies
• Delivercontinuedhighgrowth pace in emerging markets
• Differentiatepowerfulbrandsand unique value propositions through market-facing models
• Driveuniquetechnologies,such as high performance fibers
• Improvecompetitivepositionby reducing cost to serve
2009 Segment Sales Data
By Major Product Group
Tyvek®/Typar® 29%
Solid Surfaces 15%
Safety and Operations Consulting and Training 10%
Sontara® 8%
Other 1%
Aramids Products 37%
By Major Industry
Personal and Healthcare 5%
Textile/Apparel 22%
Construction/Materials 24%
Electrical and Electronics 5%
Motor Vehicle 4%
Military and Law Enforcement 11%
Industrial 29%
By Region
Europe** 28%
North America* 46%
Asia Pacific 21%
Latin America 5%
*Includes U.S. and Canada**Includes Europe, Middle East and Africa
2009 DuPont Data Book 35
Acquisitions and Joint Ventures (2007–2009))Coastal®TrainingTechnologiesCorporation(2008)
IsoTherming™ Technology (2007)
Divestitures and Shutdowns (2007–2009)02-2004) Nonwovens fluoroprotectants (2007)
Key Capabilities Key Products & Services Core Markets Market-driven science in selective barriers, high-strength/temperature materials, environmental solutions, protective/decorative surfaces
World-class safety reputation
Global brand strength
Strong value chain relationships
Robust new product development
Safety and operational consulting and training
DuPont™ Corian® solid surfaces
DuPont™ Kevlar® fiber
DuPont™ Nomex® fiber and paper
DuPont™ Tyvek® protective material and other selective barriers
ConstructionIndustrial safetyEmergency responseMilitaryTransportationIndustrial biotechnologyFoodOil and gasHealth care
Recent Product Examples
Products/Services Innovation Markets Served
Nomex® OnDemand Smart fabric responding to high temperature environment
Emergency response
Kevlar® XP High performance fabrics Law enforcement
Kevlar® AP High strength fiber solutions Automotive, general industrial
KM2 Plus Next generation light weight vest Military and law enforcement
Nomex® LT Mid-range electrical protective solution Electrical insulation
Nomex® ProVis Fire resistant material meeting EN standards for high visibility
Protective apparel
DuPont™ Tyvek® for Inkjet Printing Delivers high-resolution inkjet printing Printing and publishing
DuPont™ Tyvek® Optical For use in displays for light application and energyefficiency
Displays and electronics
DuPont™ Tyvek® Silver, ThermaWrap®, AtticWrap™, RoofLiner
Metallized Tyvek® membranes for radiant heat loss reduction
Residential and commercial construction
DuPont™ Zodiaq® and Corian® expanded color introductions
New color options to suit many lifestyles and environments
Residential and commercial construction
DuPont Clean Technologies Products and processes dedicated to clean air, clean fuel, and clean water
Oil refining, wastewater treatment, power generation
Hybrid Membrane Technology Fills performance gaps between microporous membranes and traditional nonwovens
Automotive, food and beverage, HVAC, and life sciences
IsoTherming™ Hydroprocessing Technology
Provides a faster and less expensive way for refiners to make cleaner fuel
Oil refining
Montelli® and Simplicity Entry-level solid surface products Residential and commercial construction
36
DuPont Safety & Protection
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
DuPont Protection Technologies www.kevlar.com www.nomex.com www.personalprotection.dupont.com www.tyvek.com www.sontara.com
Advanced Composite Technology (ACT)
Hybrid Membrane Technology (HMT)
Kevlar® fiber Nomex® fiber and paperSontara® spunlaced
products Tyvek® brand protective
material Tychem® protective
material
Aerospace and aircraft Automotive Electrical equipment Military/law enforcement Protective apparel Telecommunications Cleanrooms Critical cleaning Envelopes/Packaging Filtration/Separation Graphics Medical and health care General industrial
Asturias, Spain Cerquilho, Brazil Luxembourg Maydown, United
Kingdom Old Hickory, TN Osaka, Japan Richmond, VA Tokai, Japan Utsunomiya, Japan
Isophthaloyl chloride Metaphenylenediamine Paraphenylenediamine Polyester Polyethylene Polypropylene Terephthaloyl chloride Wood pulp
3MDSM Freudenberg Honeywell Kimberly Clark KolonPGI Teijin TredegarYantai
DuPont Sustainable Solutions www.dupont.com/safety www.coastal.com
SafetyBehavioral safety, process
and risk management consulting
Extensive library of safety training products and materials
EnvironmentDuPont™ BELCO® Clean Air
TechnologiesDuPont™ STRATCO®
Alkylation TechnologyDuPont™ IsoTherming®
Hydroprocessing Technology
Global Engineered Solutions (sulfuric acid and sulfuric acid alkylation services)
Environmental and energy management consulting
Energy management training products
Water management consulting
Reliability and ProductivityAsset, Energy and Capital
Efficiency consultingEngineered technology
solutionsExtensive library of industrial
skill training products and materials
Government/municipalities Manufacturing Oil and gasEnergy and utilitiesTransportation Air Rail Transit Trucking
Consulting services firmsEnvironmental technology
and services firms
2009 DuPont Data Book 37
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
DuPont Building Innovations www.construction.tyvek.com www.corian.com www.zodiaq.com www2.dupont.com/stormroom/en_US/ www2.dupont.com/Green_Vista
DuPont™ Corian® solid surfaces
DuPont™ Energain™ DuPont™ Flashing Systems DuPont™ Tyvek® AtticWrap™ DuPont™ Tyvek®
CommercialWrap® DuPont™ Tyvek® DrainWrap®
DuPont™ Tyvek® Enercor™ DuPont™ Tyvek® HomeWrap® DuPont™ RoofLiner
with Elvaloy® DuPont™ StormRoom™
with Kevlar® DuPont™ Tyvek® StuccoWrap® DuPont™ Tyvek® ThermaWrap™ DuPont™ Thru-Wall Flashing DuPont™ Zodiaq® quartz
surfaces Montelli® solid surfaces Typar® high-strength
spunbonded products GreenVista™
Building and construction Consumer goods Education Food service Geotextiles and
landscape fabricsHome and architectural
interiors Home furnishings Lodging Medical and health care Premium decorative Retail fixtures
Buffalo, NY Guangzhou, China Luxembourg Richmond, VA Thetford Mines,
Canada Toyama, Japan Ulsan, Korea Xishui, China
Alumina trihydrate Calcium carbonate Methyl methacrylate Quartz Polyethylene Polyester resin Polypropylene
Cosentino Doerkin Dow FiberwebGranite HiMacs LG LaFarge LaminateSamsung Solutia Topstone/Hanwha
DuPont Safety & Protection
History
On October 1, 2001, DuPont Pharmaceuticals was sold to the
Bristol-Myers Squibb Company. DuPont retained its interest in
Cozaar® (losartan potassium) and Hyzaar® (losartan potassium
with hydrochlorothiazide). These drugs were discovered
by DuPont and developed in collaboration with Merck and
are used in the treatment of hypertension. The U.S. patents
covering the compounds, pharmaceutical formulation and
use for the treatment of hypertension, including approval
for pediatric use, will expire in 2010. DuPont has exclusively
licensed worldwide marketing and manufacturing rights for
Cozaar® and Hyzaar® to Merck. Pharmaceuticals receives net
proceeds and royalties as outlined below. Merck is responsible
for manufacturing, marketing and selling Cozaar® and Hyzaar®.
Outlook
Pharmaceuticals’ Cozaar®/Hyzaar® income is the sum of
two parts: income related to a share of the profits from
North American sales and certain markets in EMEA, and
royalty income derived from worldwide contract net sales
linked to the exclusivity term in a particular country. Patents
and exclusivity have already started to expire and the U.S.
exclusivity for Cozaar® ends in April 2010. The worldwide
agreement terminates when the following conditions are
met:(i)theCanadianexclusivityendsin2013,and(ii)North
American sales fall below a certain level. Therefore, absent
any major changes in the markets, the company expects
its income to take its first significant step-down in 2010,
and from that year on, continue to decline each year to
zero when the contract ends, which is expected to be after
2013.Ingeneral,managementexpectsatraditionalsales,
earnings and cash decline for a drug going off patent in the
pharmaceutical industry.
The company expects revenues from Cozaar®/Hyzaar® to
significantly decrease after the U.S. patents expire in 2010.
38
Pharmaceuticals
2008
(dollars in millions)
$1,000
$02007
$200
$400
$600
$800
$1,200
2009
Pretax operating income Overview (dollars in millions)
2009 2008 2007Pretax operating income $1,037 $1,025 $949
Segment net assets 105 201 183Affiliate net assets 39 41 32
NORTH AMERICA
CanadaAjax Automotive finishesChatham Agricultural seedGeorgetown Agricultural seedLethbridge Agricultural seedMaitland Zytel® and Minlon® nylon resins Sarnia Ethylene copolymersThetford Mines Zodiaq® quartz surfaces
MexicoAltamira Ti-Pure® titanium dioxideCuliacan Agricultural seedCortazar Agricultural seedLerma Crop protectionReynosa Agricultural seedTlalnepantla Automotive finishes
United States (Seepage40)
SOUTH AMERICA
ArgentinaBerazategui Zytel® and Minlon® nylon resins;
industrial rubberSalto Agricultural seed
BrazilCamacari Crop protectionCerquilho Needlepunch and spunlace
fabricsEsteio J/V Solae Soy protein isolate food
ingredientFormosa Agricultural seedGoiabal Crop protectionItumbiara Agricultural seedPlanaltina Agricultural seedSanta Cruz Agricultural seedSanta Rosa Agricultural seedSão Paulo Automotive finishes
ChilePaine (Los Condes) Agricultural seed
ColombiaBarranquilla Crop protection
VenezuelaValencia Automotive finishes
EUROPE AND MIDDLE EAST
AustriaGuntramsdorf Automotive finishes and
industrial coatingsParndorf Agricultural seed
BelgiumAntwerp J/V Borealis Ethylene copolymersIeper J/V Solae Soy protein isolate food
ingredientMechelen Teflon® non-stick coatings;
automotive finishes; engineering polymers; Vespel® parts and shapes
CroatiaOsikek (Za Sreb) Agricultural seed
Czech RepublicZlin (Boeclav) PVB Interlayer
DenmarkAarhus J/V Solae Soy protein concentrate food
ingredient
EgyptMeet Bera Agricultural seedToukh Agricultural seed
FranceAussonne Agricultural seedCernay Crop protectionMontbrison Powder coatingsVillers-St. Paul Surface protection and
fluoroadditives
GermanyBuxtehude Agricultural seedLandshut Powder coatingsNeu Isenburg Cyrel®, Digital Cyrel®,
Cyrel®FAST flexographic printing plates and Cyrel® round printing sleeves
Uentrop Engineering polymers; Butacite® polyvinyl butyral interlayer; nylon intermediates, specialties, and polymer
Germany (continued)Uentrop J/V Lanxess Engineering polymersWuppertal Automotive and industrial
finishes
HungarySzarvas (neuman) Agricultural seed
ItalySissa Agricultural seed
Luxembourg Engineering polymers; Tyvek® brand protective material; Typar® high-strength spunbonded products; Kapton® polyimide filmLuxembourg J/V Cronar® polyester photographic Teijin Films film base; polyester films
The NetherlandsDordrecht Delrin® acetal resins; Teflon®
fluoropolymer; Viton® fluoroelastomer; ethylene copolymers; fluorochemicals
Landgraaf Tynex® nylon filaments
RomaniaAfumati Agricultural seed
SpainAsturias Nomex® brand fiber; Sontara®
spunlaced products; crop protection
SwedenMalmö Fine and custom chemicalsVaestervik Powder coatings
SwitzerlandBulle Powder coatings
TurkeyAdana Agricultural seedKaracabey Production Agricultural seed and Sales
United KingdomBristol Microcircuit materialsCorby J/V Solae Food ingredientsDarlington Powder coatingsDumfries J/V Teijin Films Polyester filmsEast Kilbride PlasmaSolve® and Posistrip®
removers Humberside Dymel® aerosol propellantsMaydown Kevlar® brand fiberRuabon Microplanar® chemical
mechanical planarization formulations; Syton® and Mazin® colloidal silica slurries
Sudbury Fine and custom chemicalsWilton J/V Teijin Films Polyester filmsWythenshawe Liqui-Box®
UkraineKyiv Production Agricultural seed and Sales
AFRICA
EthiopiaAddis Ababa Agricultural seed
South AfricaRosslyn Agricultural seed
ZimbabweJuru (Harare) Agricultural seed
ASIA PACIFIC
AustraliaNarromine Agricultural seedWyreema Agricultural seed
ChinaBeijing J/V Hua Mei Ethylene copolymersChangchun Automotive finishesChangshu Hydrofluorocarbon blend
refrigerantsDongguan Microcircuit materialsFoshan J/V Teijin Films Polyester filmsGuangzhou Montelli® solid surfacesHuangshan Powder coatingsJiading Automotive finishes and
industrial coatingsJiuquan Agricultural seedLoehe J/V Solae Soy protein isolate food
ingredientNingbo J/V Teijin Films Polyester films
China (continued)Shanghai Crop protection; research
laboratoriesShenzhen Riston® dry film photoresists;
engineering polymers; Sontara® spunlaced products; Tyvek® brand protective material; Teflon® non-stick coatings, Zytel® nylon resin; LCD enhancement; Liqui-Box®; solar modules
Wuxi Nylon filamentsZhangjigang J/V Delrin® polyacetalZhengzhou J/V Solae Soy protein isolate food
ingredient
IndiaHyderabad Agricultural seedMadurai Tynex® nylon filaments; Teflon®
non-stick coatingsSavli Engineering polymers; crop
protection
IndonesiaJakarta Polyester filmsKabanjahe Agricultural seedMalang Agricultural seedSurabaya (East Java) Crop protection
JapanChiba J/V DuPont Suva® refrigerants; ethylene
copolymersGifu J/V Teijin Films Polyester filmsHitachi Pyralin® polymide coatingsIbaraki J/V Teijin Films Polyester filmsMizushima J/V Kapton® polyimide film DuPont JapanOsaka Nomex® brand paperOtake J/V Ethylene copolymers DuPont JapanShimizu J/V Teflon® fluoropolymer; DuPont Japan fluorochemicalsTokai J/V DuPont Kapton® polymide film; Kevlar®
brand fiberTokyo Soy protein-based consumer
food productsToyama J/V DuPont Corian® solid surfacesToyohashi J/V Riston® dry film photoresists DuPont JapanUtsunomiya Engineering polymers; Tyvek®
brand protective materialUtsunomiya J/V Polyester films Teijin Films
PakistanSahiwal Agricultural seed
PhilippinesCabuyao (Pasis City) Crop protectionPolomolok Agricultural seed
Republic of KoreaGumi Adhesiveless flexible copper
clad laminatesUlsan Butacite® polyvinyl butyral
interlayer; engineering polymers; Corian® solid surfaces
Singapore Zytel® and Minlon® nylon resins; nylon intermediates, specialties, and polymer; Delrin® acetal resins
TaiwanHsinchu Pyralux® flexible laminates;
semiconductor materials Kuan Yin Ti-Pure® titanium dioxide; nylon
yarns; purified terephthalic acid (PTA)
Lung Tan Crop protectionTaoyuan Circuit materials technical
center; Fodel®, Solamet®, Birox® thick film compositions
ThailandBangpoo Crop protectionLampoon Agricultural seed
Major Global Sites and Principal Products ( includes joint ventures and major affiliates)
2009 DuPont Data Book 39
40
AlabamaMobile Crop protection
ArkansasEl Dorado FluorochemicalsPocahontas Agricultural seed
CaliforniaFresno Agricultural seedHayward MicroPlanar® chemical
mechanical planarization formulations; PlasmaSolve® and Posistrip® removers
Sacramento Liqui-Box®
Santa Barbara Polymer-OLED (organic light-emitting diode) display devices
Torrance LCD enhancementWalnut Creek StoneTech®
Woodland Agricultural seed
DelawareDelaware City Acid regenerationEdgemoor Ti-Pure® titanium dioxide; ferric
chlorideNewark Pencader Vespel® parts and shapes Tralee Park Kalrez® perfluoroelastomer partsWilmington Corporate headquarters;
customer service center Experimental Station Research and development
FloridaLake Wales Liqui-Box®
Starke Zircon; Starblast® abrasives
GeorgiaValdosta Crop protection
HawaiiKekaha Agricultural seedWaialua Agricultural seed
IdahoNampa Agricultural seed
IllinoisEl Paso Crop protectionGibson City J/V Solae Soy protein concentrate food
ingredientGood Hope Agricultural seedLe Roy Agricultural seedLitchfield Agricultural seedMcLeansboro Agricultural seedPrinceton Agricultural seedShelbyville Agricultural seedSt. Joseph Agricultural seedUtica Agricultural seedWoodhull Agricultural seed
IndianaMt. Vernon Agricultural seedPlymouth Agricultural seedRemington J/V Solae Soy protein concentrate food
ingredientRushville Agricultural seedTipton Agricultural seedWorthington Agricultural seed
IowaAlgona Agricultural seedCherokee Agricultural seedDurant Agricultural seedDysart Agricultural seedFort Madison Automotive resins; ink jet inksHedrick Agricultural seedJohnston Agricultural seedMt. Pleasant Agricultural seedReinbeck Agricultural seedRenwick Agricultural seedToledo Agricultural seedWaterloo Agricultural seed
KansasLeawood Refinery solutions
KentuckyLouisville FluorochemicalsLouisville J/V Solae Soy protein-based industrial
polymer productsWurtland Sulfur products and specialty
acids
LouisianaBurnside Sulfur products and specialty
acidsLa Place Phenylenediamines, Neoprene
synthetic rubber
MarylandElkton Liqui-Box®
MassachusettsAuburn Liqui-Box®
MichiganConstantine Agricultural seedMount Clemens Automotive finishes
MinnesotaJackson Agricultural seed
MississippiDe Lisle Ti-Pure® titanium dioxide Pascagoula Aniline and nitrololuene
derivatives
NebraskaDoniphan Agricultural seedYork Agricultural seed
New JerseyDeepwater Specialty and performance
chemicals; fluorochemicals; elastomers; industrial chemicals
Linden Acid regeneration Parlin Cyrel®, Digital Cyrel®, and
Cyrel®FAST flexographic printing plates and Cyrel® round printing sleeves; Teflon® and Autograph® non-stick coatings; Pyralin® polymide coatings
Parsippany Refinery solutions
New YorkBuffalo Corian® solid surfaces; Tedlar®
PVF filmNiagara Falls Sodium and lithiumRochester Ink jet inks
North CarolinaFayetteville Butacite® polyvinyl butyral
interlayer; Nafion® ion exchange membranes
Fayetteville J/V Polyester films Teijin FilmsLaurinburg Agricultural seedResearch Triangle Park Electronic materials R&D and
customer service center
North DakotaWahpeton Agricultural seed
OhioAshland Liqui-Box®
Bellevue J/V Solae Soy protein concentrate food ingredient
Circleville Vespel® parts and shapes; Kapton® polymide film; Teflon® fluoropolymer
Cleveland Vespel® parts and shapes Columbus Agricultural seedDayton Polymers for IC photoresistsFort Hill Sulfur products and specialty
acidsGrand Rapids Agricultural seedUpper Sandusky Liqui-Box®
Worthington Liqui-Box®
OklahomaPryor J/V Solae Soy protein isolate food
ingredient
OregonHermiston Agricultural seed
PennsylvaniaElizabethtown Agricultural seedTowanda Riston® dry film photoresists and
Pyralux® flexible laminates; Cromalin®, Dylux®, Thermal 4-Color,WaterProof® proofing systems; Cyrel® cover sheets, Inkjet barrier films, Green Tape™ low temperature co-fired ceramics; Tedlar® PVFM; photopolymer holographic film
Puerto RicoManati Crop protection; microcircuit
materials; Fodel® thick film compositions
Rhode IslandNorth Kingstown Specialty chlorine dioxide
South CarolinaCharleston-Cooper River Crastin® PBT polyester resins;
Hytrel® polyester elastomer Florence J/V Teijin Films Polyester films; Cronar®
polyester photographic film base
TennesseeChattanooga Zytel® and Minlon® nylon resins;
Zenite™ LCP (liquid crystal polymer) resins; industrial rubber
Memphis Hydrogen cyanide and derivatives; Oxone® monopersulfate; agricultural seed
Memphis J/V Solae Soy protein isolate food ingredient
New Johnsonville Ti-Pure® titanium dioxideOld Hickory Sontara® spunlaced productsOld Hickory J/V Polyester films Teijin Films
TexasBayport Kapton® polymide filmBaytown AnilineBeaumont Aniline; Hypalon®
chlorosulfonated polyethyleneCorpus Christi Suva® refrigerants; Formacel®
blowing agents; Dymel® aerosol propellants
El Paso Acid regenerationHouston Powder coatings; crop
protectionLaPorte Elvanol® polyvinyl alcohol
resins; crop protection; fluorochemicals
Orange – Sabine Ethylene copolymers; specialties and polymer;
Plainview Agricultural seedVictoria Ethylene copolymersWeslaco Agricultural seed
UtahLogan Izon® product authentication
holograms and holographic optical elements
VirginiaFront Royal Automotive finishesHopewell – J/V Polyester films Teijin FilmsJames River Sulfur products and specialty
acidsRichmond – Spruance Kevlar® brand fiber; Nomex®
brand fiber and paper; Tyvek® brand protective material; Zytel® and Minlon® nylon resins
Richmond – Spruance Polyester films J/V Teijin Films
WashingtonConnell Agricultural seed
West VirginiaBelle Dymel® aerosol propellants;
methylamines/methylamides; dimethyl sulfate; glycolic acid; Vazo® initiators, Crop protection
Parkersburg Teflon® and Tefzel® fluoropolymers; Butacite® polyvinyl butyral interlayer; Zytel® and Minlon® nylon resins; Delrin® acetal resins; Rynite® PET and Crastin® PBT polyester resins; Hytrel® polyester elastomer; Zenite™ LCP (liquid crystal polymer) resins; Tynex® filaments
Major U.S. Sites and Principal Products ( includes joint ventures and major affiliates)
Ellen J. Kullman 1
Chair of the Board and Chief Executive Officer
Samuel W. Bodman 2,6
Former United States Secretary of Energy
Richard H. Brown 1,4,5
Former Chairman and Chief Executive Officer of EDS
Robert A. Brown 2,6
President of Boston University
Bertrand P. Collomb 2,5
Former Chairman and Chief Executive Officer of LaFarge
Curtis J. Crawford 3,4,6
President and Chief Executive Officer of XCEO, Inc.
Alexander M. Cutler 4,5
Chairman and Chief Executive Officer of Eaton Corporation
John T. Dillon 1,3,4
Senior Managing Director, Evercore Partners, and Former Chairman and Chief Executive Officer of International Paper
Eleuthère I. du Pont 3,4,6
President, Longwood Foundation
Marillyn A. Hewson 2,3
Executive Vice President, Electronic Systems Lockheed Martin Corporation
Lois D. Juliber 1,3,5
Former Vice Chairman of Colgate-Palmolive Company
William K. Reilly 2,5,6
Senior Advisor, TPG Capital LP, and Founding Partner of Aqua International Partners, L.P.
Board Committees
1 Strategic Direction2 Environmental Policy3 Audit4 Compensation5 Corporate Governance6 Science and Technology
Board ofDirectors
DuPont Office of the Chief Executive
Ellen J. KullmanChair of the Board and Chief Executive Officer
Nicholas C. FanandakisSenior Vice President and Chief Financial Officer
James C. BorelExecutive Vice President
Thomas M. ConnellyExecutive Vice President and Chief Innovation Officer
W. Donald JohnsonSenior Vice President Human Resources
Jeffrey L. KeeferExecutive Vice President
Thomas L. SagerSenior Vice President and General Counsel
Mark P. VergnanoExecutive Vice President
DuPont Investor Relations 1007 Market Street, Wilmington, DE 19898(302) 774 4994 Fax: (302) 773 2631 www.dupont.com
Copyright © 2010 DuPont. The DuPont Oval Logo, DuPont™, The miracles of science™, and all products denoted with ™ or ® are trademarks or registered trademarks of E.I. du Pont de Nemours and Company or its affiliates. All rights reserved.
Zemea® is a registered trademark of DuPont Tate & Lyle Bio Products Company LLC, SmartStrand® is a registered trademark of Mohawk Industries Inc., Herculex® is a registered trademark of Dow AgroSciences LLC, Roundup Ready® is a registered trademark of Monsanto, SAI® is a registered trademark of Toyota.