DuPont Highlights Priorities for Value Creation at 2013 Investor Day
Strength in Growing Markets, Robust Pipeline of New Innovations and Investment
in High-Return Businesses Drive Company's Future Growth
WILMINGTON, Del., May 2, 2013
WILMINGTON, Del., May 2, 2013 /PRNewswire/ -- DuPont Chair and CEO Ellen
Kullman and the company's senior leaders today shared their strategic and
operational priorities for creating customer and shareholder value in 2013 and
beyond during the company's 2013 Investor Day. Kullman told investors
DuPont's goal is to generate superior shareholder returns by pursuing three
oExtending DuPont's leadership across the food value chain,
oStrengthening and growing the company's leading position as a provider of
differentiated, high-value advanced materials, and
oDeveloping world-leading industrial biotechnology capabilities that create
transformational new bio-based businesses.
"With these strategic priorities in place, we also have defined operational
priorities to ensure we deliver results in the short term. These address
innovation, global reach and execution," Kullman said.
Kullman stressed that increasing DuPont's return on research and development
is a top priority, noting that "science is at the core of who we are as a
company. Science enables our growth, differentiates us and gives us
"We stand on a strong foundation of scientific capability and market
knowledge," Kullman told investors. "We leverage these strengths across our
portfolio of businesses to find new growth opportunities. At the same time,
we continually evaluate the ability of each business to contribute to our
overall value creation goals for our shareholders and we determine the right
The company reported that its long-term growth targets are 7 percent average
annual sales growth and 12 percent average annual operating earnings per share
growth for the coming years.
"Given the strength of our portfolio, our global reach, our integrated science
and disciplined execution, we will achieve these goals and continue creating
value for our shareholders," Kullman added.
DuPont Executive Vice President and Chief Financial Officer Nicholas C.
Fanandakis noted that the company has taken steps to ensure that its growth
targets are aligned with current market realties. He presented updated
revenue growth, long-term sales and margin-growth targets for each DuPont
"We run a rigorous and disciplined resource allocation process," said
Fanandakis. "We will continue to invest differentially across the portfolio
in our most promising value creation opportunities."
During the Investor Day meeting, company leaders also reviewed market dynamics
and business plans for DuPont's key businesses and highlighted the company's
pipeline of science-based growth projects.
The webcast recording of today's meeting, which includes the presentation
provided by DuPont's leadership team, and the question-and-answer portion of
the event are available at www.dupont.com in the Investor Center.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the
global marketplace in the form of innovative products, materials, and services
since 1802. The company believes that by collaborating with customers,
governments, NGOs, and thought leaders we can help find solutions to such
global challenges as providing enough healthy food for people everywhere,
decreasing dependence on fossil fuels, and protecting life and the
environment. For additional information about DuPont and its commitment to
inclusive innovation, please visit http://www.dupont.com.
Forward-Looking Statements: This news release contains forward-looking
statements based on management's current expectations, estimates and
projections. All statements that address expectations or projections about
the future, including statements about the company's strategy for growth,
product development, market position, expected expenditures and financial
results are forward-looking statements. Some of the forward-looking
statements may be identified by words like "expects," "anticipates," "plans,"
"intends," "projects," "indicates," and similar expressions. These statements
are not guarantees of future performance and involve a number of risks,
uncertainties and assumptions. Many factors, including those discussed more
fully elsewhere in this release and in documents filed with the Securities and
Exchange Commission by DuPont, particularly its latest annual report on Form
10-K and quarterly report on Form 10-Q, as well as others, could cause results
to differ materially from those stated. These factors include, but are not
limited to changes in the laws, regulations, policies and economic conditions,
including inflation, interest and foreign currency exchange rates, of
countries in which the company does business; competitive pressures;
successful integration of structural changes, including restructuring plans,
acquisitions, divestitures and alliances; cost of raw materials, research and
development of new products, including regulatory approval and market
acceptance; seasonality of sales of agricultural products; and severe weather
events that cause business interruptions, including plant and power outages,
or disruptions in supplier and customer operations. The company undertakes no
duty to update any forward-looking statements as a result of future
developments or new information.
Contact: Patty Seif, 302-774-4482, email@example.com
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