DuPont 3Q 2021 Earnings and Strategic Update Presentation

Strategic Update &

3Q 2021 Earnings Conference Call

November 2, 2021

Key Messages

STRONG 3Q 2021 FINANCIAL RESULTS

Capturing broad-based demand across all key end markets; leading global supply chain is helping minimize disruption from global challenges

Disciplined pricing actions successfully offsetting raw material inflation

Strong cash flow conversion in the quarter

Integration of Laird Performance Materials progressing ahead of initial expectations

ADVANCING ACTIONS TO FURTHER FOCUS

PORTFOLIO IN SECULAR GROWTH END-

MARKETS

Agreement to acquire Rogers Corporation(1) enhances our exposure to attractive secular growth markets

Rogers further compounds growth opportunity and cost synergy potential from combination with DuPont E&I and Laird

Exploring the divestiture of a majority of the Mobility

• Materials segment(2) to enable investment in electronics, water, protection, industrial technologies and next-generation automotive

Actions enhance DuPont growth rates, margins and earnings stability

1. On November 2, 2021 DuPont announced it had entered into a definitive agreement to acquire Rogers Corporation. The transaction is subject to approval by Rogers Corporation's

shareholders, regulatory approvals and customary closing conditions.

(2) On November 2, 2021 DuPont announced that it has initiated a divestiture process related to a substantial portion of its Mobility & Materials segment. The outcome of which,	2
including the entry into definitive agreements, is subject to approval of the DuPont Board of Directors. The scope of the intended divestiture excludes certain product lines including
Auto Adhesives and Multibase.

3Q 2021 Financial Highlights

NET SALES		ORGANIC
$4.3 billion		SALES(1)
+18%		+16%

Net Sales of $4.3B

Volume +10%, Price +6%,

Portfolio +1%,Currency +1%

• Organic Sales by Segment - M&M (+28%), W&P (+11%), E&I (+9%)
• Organic Sales by Region - EMEA (+23%), Asia Pacific (+14%), U.S. & Can. (+13%), Latin America (+9%)
• High-singledigit to low double-digit volume improvement in all three reporting segments
• Year-over-yearimprovement driven by recovery of key end-markets adversely impacted by COVID-19 pandemic such as automotive, industrial and construction; continued strong demand in electronics and water end-markets
• Strategic price increases to offset raw material inflation; neutral price/cost for the year

OPERATING		Adjusted
EBITDA(1)		EPS(1)
$1.09 billion		$1.15 / share

Operating EBITDA margin(1) expansion of 50 basis points

• Operating EBITDA(1) up 20% from year-ago period
• Year-over-yearoperating EBITDA(1) improvement driven by strong volumes, the impact of the July 1, 2021 acquisition of Laird Performance Materials and the absence of discrete items, net recorded in the prior year(2)
• Gross margin expansion in E&I and M&M
• Incremental margin during the quarter of 28% versus prior year
• Adjusted EPS(1) up about 90% versus prior year

3Q 2021 Cash from Operating Activities $842 million

Free Cash Flow(1)

of $634 million

• Free cash flow conversion (1) during the quarter of 112%
• Free cash flow(1) reflects capital expenditures of $208 million
• Continued commitment to shareholder returns through dividends and share repurchase supported by strong cash flow

1. Organic sales, operating EBITDA, adjusted EPS, free cash flow and free cash flow conversion are non-GAAP measures. Operating EBITDA margin and incremental margin are derived from non-

GAAP measures. Refer to slide 24 for definitions and additional information.	3
(2) Discrete items, net recorded in the prior year reflects charges related to idling facilities to align supply with demand more than offsetting a benefit from a technology sale.

3Q 2021 Net Sales Bridge

In Millions

+9%

+1%+1%

$3,629		Industrial
Acquisition of Laird	Weakening of USD,	Solutions
Performance Materials	primarily against
(E&I) more than	Yuan and Euro	Semiconductor
offsetting divestitures		Technologies
of Solamet ® and
trichlorosilane		Interconnect
businesses
	Solutions
(Corporate)

Organic Sales(1) +16%

+28%+12%

+11%

	Engineering
Safety Solutions	Polymers
	Advanced
Shelter Solutions	Solutions
Water Solutions	Performance
Resins

$4,271

+18%

3Q 2020	Portfolio	Currency	Electronics &	Water &	Mobility &	Corporate(2)	3Q 2021
			Industrial	Protection	Materials

Organic sales gains in all businesses except Interconnect Solutions with anticipated demand shift to 1H 2021

1) Organic sales is a non-GAAPmeasure. Refer to slide 24 for definitions and additional information.

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1. Corporate reflects sales of the Clean Technologies and Biomaterials businesses for which the Company has signed definitive agreements to divest. In addition, Corporate in prior year reflects results of the trichlorosilane business through its divestiture in third quarter 2020 and the Solamet® business which was divested on June 30, 2021.

3Q 2021 Adjusted EPS(1) Bridge

Segment Results +$0.20

$0.48

$0.61

• N&B exchange offer and share repurchases +$0.33

$1.15

• Interest +$0.05
• Base tax rate & other -$0.04

3Q 2020	Volume	Portfolio(2)	Share	Other	3Q 2021
Adjusted EPS(1)			Count	Below the Line	Adjusted EPS(1)

Pricing actions offset impact of raw material cost inflation

(1) Adjusted EPS is a non-GAAP measures. Refer to slide 24 for definitions and additional information.

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(2) Acquisition of Laird Performance Materials (E&I) more than offsetting divestitures of Solamet ® and trichlorosilane businesses (Corporate).