DuPont 2000 Data Book
Transcription
DuPont 2000 Data Book
2000 Data Book DUPONT INVESTOR RELATIONS Ann K. M. Gualtieri Vice President DuPont Investor Relations (302) 774-0583 CONTENTS 1 DuPont Leadership 2 2000 @ a glance 4 Corporate Highlights 6 Consolidated Industry Segment Information 8 Consolidated Income Statement Raymond G. Anderson Director (302) 774-1125 9 Consolidated Balance Sheet 10 Consolidated Statement of Cash Flows 11 Selected Additional Data 15 The DuPont Commitment: Safety, Health and the Environment Business Segments Terry J. Wilson 16 Agriculture & Nutrition Director (302) 774-0017 20 Nylon Enterprise 24 Performance Coatings & Polymers 28 Pharmaceuticals 30 Pigments & Chemicals 34 Pioneer Diane F. Eller 36 Polyester Enterprise Administrative Assistant (302) 774-9870 40 Specialty Polymers 44 Specialty Fibers 47 Other 48 Major Global Sites and Principal Products 49 Major United States Sites and Principal Products Main Office Number: (302) 774-4994 Fax: (302) 773-2631 Internet: www.dupont.com/corp/ir 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. 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” located in the 2000 Annual Report and on Form 10K filed with the Securities and Exchange Commission. DuPont DATA BOOK is now available on the Web at www.dupont.com/corp/ir. The DuPont Oval Logo, DuPontTM, The miracles of scienceTM and all products denoted with TM or trademarks or registered trademarks of E.I. du Pont de Nemours and Company or its affiliates. April 2001 ® are SENIOR LEADERS BOARD OF DIRECTORS ( Pending stockholder approval on April 25, 2001) Alain J. P. Belda * †† Chairman and Chief Executive Officer, Alcoa Inc. Curtis J. Crawford † ††† Chairman, President and Chief Executive Officer, ZiLOG, Inc. Louisa C. Duemling ** Edward B. du Pont ††† Thomas M. Connelly ▲ Richard U. De Schutter Richard R. Goodmanson ▲ John W. Himes Senior Vice President & Chief Science & Technology Officer Chairman & Chief Executive Officer DuPont Pharmaceuticals Executive Vice President & Chief Operating Officer Senior Vice President DuPont Corporate Strategy John C. Hodgson Charles O. Holliday, Jr. ▲ W. Donald Johnson William F. Kirk Group Vice President & General Manager DuPont i Technologies Chairman & Chief Executive Officer Group Vice President DuPont Nylon Group Vice President DuPont Biosolutions Enterprise Ellen J. Kullman George F. MacCormack Steven R. McCracken Stacey J. Mobley ▲ Group Vice President & General Manager DuPont Safety Resources, DuPont Bio-Based Materials & Corporate New Business Development Group Vice President Chemicals & Polyester Group Vice President & General Manager DuPont Apparel & Textile Sciences Senior Vice President, Chief Administrative Officer & General Counsel Craig G. Naylor Gary M. Pfeiffer ▲ Louis F. Savelli Group Vice President & General Manager DuPont Engineering Polymers Senior Vice President & Chief Financial Officer Group Vice President DuPont Performance Coatings Charles O. Holliday, Jr. * Chairman of the Board and Chief Executive Officer Deborah C. Hopkins † Executive Vice President and Chief Financial Officer, Lucent Technologies Lois D. Juliber * †† Chief Operating Officer, Colgate-Palmolive Company Göran Lindahl * ** Former President and Chief Executive Officer, ABB Ltd. Masahisa Naitoh † Executive Vice Chairman, ITOCHU Corporation William K. Reilly ** ††† President and Chief Executive Officer, Aqua International Partners LP Former Administrator, U.S. Environmental Protection Agency H. Rodney Sharp, III † †† Charles M. Vest † President, Massachusetts Institute of Technology Board Committees: † Audit †† Compensation ††† Corporate Governance ** Environmental Policy * Strategic Direction ▲ Member, Office of the Chief Executive D U P O N T 1 2000 @ A GLANCE During 2000 DuPont reinforced its position as a premier, global science company and continued the journey toward sustainable growth by linking modern biology with chemistry and physics. The goals for the company remain unchanged: ■ To produce new and rewarding products that benefit society and improve the lives of others, ■ While delivering sustainable growth, a reduced environmental footprint, and value to shareholders. The three pillars of the company’s direction include: Wall cladding made of Zodiaq ® in Indus Red. ✓ DuPont and Teijin Limited announced the start-up of the joint venture, DuPont Teijin Films, to produce and market polyester film globally. ✓ DuPont and Sabanci announced start-up of a joint venture to produce and sell polyester filament, staple, resins, intermediates and related products throughout the European region, the Middle East and Africa. ✓ DuPont and General Mills announced plans to Integrated Science — using our scientific and technological strength to focus research and development resources on high growth initiatives in polymer-, chemical-, electronic- and biology-based businesses ✓ DuPont and Fluor Daniel formed an alliance to license, Highlights In the face of one of the most difficult set of economic and marketplace challenges we have faced in over a decade — most notably, over $1.3 billion in higher energy and raw material costs and negative currency effects — we implemented aggressive pricing initiatives, increased volumes and improved productivity programs that resulted in 6 percent higher earnings per share. We also made further progress toward focusing and strengthening our portfolio of businesses while driving initiatives that will leverage the company’s science and technology positions. Fabric made with fibers of SoronaTM. January Knowledge Intensive Growth — driving higher growth and profitability by adding service, design or information to our product offerings Productivity Improvements — primarily through Six Sigma. 1,100 experts are leading more than 3,400 projects that have achieved $370 million in annualized, pre-tax benefits from projects completed through December 2000 and an anticipated total of $700 million in potential annualized benefits from projects active at year-end. ■ 2000 was an active year in our pursuit of sustainable growth. The highlights include: From a science and technology perspective, we introduced DuPont™ Sorona™, the new 3GT polymer that we believe will demonstrate a unique combination of physical properties and value-in-use. 3GT, while currently produced through a petrochemical process, is expected to become the company’s first significant renewable resource-based material platform when a key intermediate, 1,3 propanediol (PDO), is converted to a bio-based production process in the near future. ■ We announced our intention to separate DuPont Pharmaceuticals from the company. ■ We expanded our share buyback program to $2.5 billion, to be funded largely by proceeds from asset sales. ■ We made significant progress in positioning our businesses to take advantage of e-commerce opportunities by participating in the creation of business-to-business market-makers in several key industries in which we participate, including Industria Solutions, which facilitates procurement in global fluid process industries. collaborate in developing and marketing soy-based foods and beverages to consumers. design and construct the first industrial plants for production of polyester packaging resins based on new DuPont technology, NG-3. The first polymerization process technology specifically developed for packaging resins, NG-3 is expected to improve product quality while lowering investment, operating costs and emissions. February ✓ The company realigned its management structure to bring more specificity, speed and accountability to the development and implementation of growth strategies, naming a single Chief Operating Officer and appointing four new group vice presidents. ✓ DuPont named the first five members of its external Biotechnology Advisory Panel, an independent panel to guide the company’s actions, to help create positions on issues, and to counsel the company in the development, testing and commercialization of new products based on biotechnology. March ✓ DuPont acquired UNIAX Corporation, a start-up company that has produced the world’s first polymerbased plastic display used as an alternative to liquid crystal display (LCD) technology. ✓ DuPont introduced Zodiaq quartz surfaces, a new brand and product category for continued growth in the home and architectural surfaces market. Zodiaq ® is a complement to DuPont™ Corian® solid surfaces. ® April ✓ DuPont and Unifi Inc. announced a manufacturing alliance to optimize facilities, increase productivity and improve product quality of partially oriented polyester filament yarn. ✓ DuPont announced a second phase of restructuring in its global performance coatings business to eliminate redundancies associated with the acquisition of Herberts in 1999. May ✓ The company announced expansion of DuPont™ Kapton® polyimide film production for flexible circuit application in the wireless, digital and computer markets. 2 D U P O N T July December ✓ DuPont named Richard U. De Schutter as non-executive chairman of the board of DuPont Pharmaceuticals Company and began a process to evaluate future strategic alternatives. See December ✓ The company announced two actions to improve the long-term competitiveness in its Pigments & Chemicals business segment: the sale of its share in Quimica Fluor, a Mexico-based manufacturer of anhydrous hydrogen fluoride; and the restructuring of manufacturing operations at its Chambers Works, New Jersey, site. August ✓ The company announced a joint development agreement with a subsidiary of Tate & Lyle PLC for production of polymers from renewable sources — primarily developing a process to turn a carbohydrate base (corn starch) into PDO used to manufacture DuPont™ Sorona™. See Highlights ✓ DuPont subsidiary Qualicon Inc. teamed with the U.S. Centers for Disease Control and Prevention (CDC) to test the Qualicon RiboPrinter ® microbial characterization system’s ability to store and rapidly compare patterns of foodborne disease-causing bacteria. approved the company’s intent to separate DuPont Pharmaceuticals from DuPont. ✓ Growers planting Pioneer brand hybrids won 25 of 27 national awards — including first place in all nine categories — in the 2000 National Corn Growers Association Yield Contest. Pioneer ® hybrids out-yielded competitive brands nationally by an average of 7.4 bushels per acre. ® January 2001 ✓ The company announced a joint development agreement with Shipley Microelectronics, a wholly owned subsidiary of Rohm and Haas Company, to produce fully formulated 157 nanometer photoresists and antireflective coatings for future generations of semiconductor chips. DuPont won several notable awards in 2000: ✓ Ranked Number 1 among the chemical industry in the Fortune survey of “America’s Most Admired Companies.” ✓ For the fifth consecutive year DuPont was named one September ✓ The company announced formation of a new business concept, DuPont Inova, that combines the textile properties of DuPont™ Lycra® with the unique attributes of nonwoven substrates. October ✓ Alan Heeger, co-founder and consultant to UNIAX Corp., a wholly-owned subsidiary of DuPont, received the Nobel Prize in Chemistry. ✓ The company announced the integration of its apparel, home textiles and related businesses into a new global organization — DuPont Apparel and Textile Sciences — which combines DuPont™ Lycra® brand elastane, nylon textile and DuPont™ Dacron® branded specialties and fiberfill businesses into a single, market-focused unit. ✓ DuPont™ Lycra ✓ DuPont announced that its Board of Directors and Nine West Group announced an innovative concept in footwear that leverages the strengths of the two fashion brands by focusing on footwear with DuPont™ Lycra® brand elastane from the Easy Spirit ® shoe division of Nine West. ® November ✓ The American Heart Association published a position supporting the beneficial effects of soy protein on the human cardiovascular system. AHA’s position supports FDA health claims for soy protein — important to DuPont subsidiary Protein Technologies International, the leading supplier of isolated soy protein. of the “100 Best Managed Companies in the World” by Industry Week. ✓ Named — for the 13th year in a row — one of the “100 Best Companies for Working Women” by Working Woman magazine. ✓ Named one of America’s 50 Best Companies for Personal digital assistant displays developed by UNIAX are based on electroluminescent polymers. Minorities by Fortune magazine. ✓ Won the “Best Environmental Practice” category in the Financial Times Energy Global Awards. This award recognizes companies that have made a genuine and sustained effort to create a good environmental track record. ✓ DuPont was named to Information Week magazine’s list of the 500 most innovative users of information technology. ✓ Pioneer Hi-Bred International received a special commendation in honor of its “exceptional support” from the World Food Prize Foundation, which recognizes those who have made vital contributions to improving the quality, quantity and availability of food worldwide. ✓ For the third consecutive year, DuPont was named one of “The 50 Best Companies for Latinas to Work for in the U.S.” by LatinaStyle magazine. ✓ DuPont was named to Exame magazine’s list of the top 100 companies to work for in Brazil. Exame is one of Brazil’s leading business magazines. ✓ DuPont was named an Embry-Riddle Aeronautical University Pinnacle Award winner in recognition of its global leadership in corporate safety education. D U P O N T 3 CORPORATE HIGHLIGHTS (dollars in millions, except per share) 2000 Operating Results Sales Underlying Income from Continuing Operations Reported Income from Continuing Operations Reported Income from Discontinued Operations Net Income Depreciation Cash Provided by Continuing Operations (see page 10) Capital Expenditures Research and Development Expense 28,268 2,878 2,314 – 2,314 1,415 5,070 2,022 1,776 26,918 2,843 219 7,471 7,690 1,444 4,840 6,988 2 1,617 3 Financial Position Total Assets Working Capital Total Debt, includes Capital Lease Obligations Stockholders’ Equity 39,426 2,401 9,905 13,299 40,777 1,425 11,566 12,875 Data Per Common Share Earnings from Continuing Operations—Underlying 4 Earnings from Continuing Operations—Reported 4 Earnings from Discontinued Operations—Reported 4 Earnings 4 Dividends Market Price—Year-End Close High-Low Range Book Value at Year-End Average Number of Shares (millions)—Diluted Shares Outstanding—Year-End (millions) 2.73 2.19 – 2.19 1.40 48 5/16 74 – 38 3/16 12.57 1,051 1,039 2.58 0.19 6.80 6.99 1.40 657/8 3 75 /16 – 501/16 12.09 1,098 1,045 Ratios Total Stockholder Return Dividend Yield 5 Share Price Appreciation Continuing Operations P/E on Year-End Market Price—Underlying Dividend Payout, as percentage of: Underlying Continuing Operations Earnings Cash Provided by Continuing Operations Cash Provided by Continuing Operations per Share 4 Return on Average Stockholders’ Equity—Underlying Return on Average Investors’ Capital—Underlying 6 Cash Provided by Continuing Operations as Percentage of Total Debt Debt to Total Capital Current Ratio (24.5%) 2.9% (26.7%) 18 26.8% 2.1% 24.1% 26 51% 29% 4.82 21.8% 13.7% 51% 42% 1.3 53% 31% 4.41 21.5% 13.2% 42% 46% 1.1 93 – 93 94 – 94 Other Totals 1 2 3 4 5 6 7 4 1999 Number of Employees—Year-End (thousands) Continuing Operations Discontinued Operations 7 Total Excludes extraordinary item. Includes strategic acquisitions of $4,905, $3,177 and $4,736 in 1999, 1998 and 1997, respectively. Excludes purchased in-process research and development. Diluted, based on average number of common shares. Based on year-end share price. Proforma return on average investors’ capital reflecting the impact of the Conoco split-off on stockholders’ equity and debt equals 16% for 1999, and averaged 17% for 1995 to 1998. Divestiture of Conoco completed August 6, 1999. D U P O N T 1998 1997 24,767 2,913 1,648 3,033 4,681 1 1,452 4,132 5,480 2 1,308 3 24,089 3,108 1,432 973 2,405 1,361 4,027 7,075 2 1,072 3 23,644 2,991 2,931 705 3,636 1,526 4,109 1,783 990 38,536 (2,374) 11,124 13,954 36,689 (2,110) 12,049 11,270 32,342 15 8,959 10,593 2.55 1.43 2.65 4.08 1 1.365 531/16 7 84 /16 – 5111/16 12.18 1,145 1,126 2.70 1.24 0.84 2.08 1.23 60 1/16 3 69 /4 – 46 3/8 9.77 1,150 1,130 2.61 2.56 0.62 3.18 1.115 47 1/16 11 49 /16 – 3413/16 9.19 1,140 1,127 (9.4)% 2.6% (11.7)% 21 30.3% 2.0% 27.6% 22 38.3% 2.4% 34.7% 18 53% 37% 3.61 24.2% 12.4% 37% 43% 0.8 45% 35% 3.50 27.5% 15.1% 33% 51% 0.8 42% 31% 3.60 31.4% 16.0% 46% 45% 1.0 84 17 101 82 16 98 1996 82 15 97 Earnings Per Share – Diluted Continuing Operations Before One-time Items Dividends Per Share (dollars) (dollars) $3.00 $1.50 $2.50 $1.25 $2.00 $1.50 $1.00 $1.00 $0.50 1996 1997 1998 1999 2000 1996 1997 1998 1999 2000 As reported Five-Year Performance 1996–2000 Stockholder Return DuPont S&P 500 Dividend Yield 2.4% 1.5% Share Price Annual Appreciation 6.7% 16.5% Total Annual Return* 9.4% 18.3% Dividend Growth 6.6% 2.7% DuPont S&P 500 2.9% 2.1% Share Price Annual Appreciation 10.1% 14.9% Total Annual Return* 13.5% 17.4% 5.6% 3.0% Ten-Year Performance 1991–2000 Stockholder Return Dividend Yield Dividend Growth * Assumes a steady compounded rate of return over the period shown and includes reinvestment of dividends. D U P O N T 5 CONSOLIDATED INDUSTRY SEGMENT INFORMATION (dollars in millions; sales exclude intersegment transfers and revenues of equity affiliates) 2000 1999 1998 Sales Agriculture & Nutrition Nylon Enterprise Performance Coatings & Polymers Pharmaceuticals Pigments & Chemicals Pioneer Polyester Enterprise Specialty Fibers Specialty Polymers Other Total Segment Sales 1 2,511 4,554 6,485 1,487 3,907 1,938 2,533 3,452 4,508 456 31,831 2,592 4,487 6,111 1,630 3,660 427 2,649 3,448 4,255 481 29,740 2,787 4,594 4,563 1,156 3,659 369 2,797 3,296 4,040 542 27,803 Elimination of Intersegment Transfers Elimination of Equity Affiliate Sales Miscellaneous Total Sales per Consolidated Financial Statements (642) (2,927) 6 28,268 (733) (2,092) 3 26,918 (729) (2,263) (44) 24,767 After-Tax Operating Income –Underlying Agriculture & Nutrition Nylon Enterprise Performance Coatings & Polymers Pharmaceuticals Pigments & Chemicals Pioneer Polyester Enterprise Specialty Fibers Specialty Polymers Other Total Underlying After-Tax Operating Income 245 301 733 133 715 106 69 690 713 (21) 3,684 264 389 645 263 633 (100) (39) 731 666 22 3,474 325 406 525 185 578 5 (7) 662 606 110 3,395 Interest and Exchange Gain (Losses) Corporate Expenses Underlying Income from Continuing Operations Net One-Time Items 2 Reported Income from Continuing Operations (493) (313) 2,878 (564) 2,314 (330) (301) 2,843 (2,624) 219 (292) (190) 2,913 (1,265) 1,648 1 Sales include pro rata equity affiliate sales and intersegment transfers. 2 For complete details of net one-time items, see DuPont Annual Report. DuPont’s Share of Equity Affiliate Sales Equity Affiliate Analysis Agriculture & Nutrition Nylon Enterprise Performance Coatings & Polymers Pharmaceuticals Pigments & Chemicals Pioneer Polyester Enterprise Specialty Fibers Specialty Polymers Other Total Segments 6 D U P O N T DuPont’s Share of Equity Affiliate Earnings 2000 1999 1998 2000 1999 1998 190 374 726 – 94 – 1,059 145 266 73 2,927 188 321 681 – 88 360 114 125 215 – 2,092 138 289 643 410 36 366 85 114 182 – 2,263 (13) 41 67 – 3 – 23 28 41 8 198 2 43 60 – 2 20 (13) 28 27 (4) 165 2 35 16 77 (3) 8 (1) 25 12 81 252 CONSOLIDATED INDUSTRY SEGMENT INFORMATION (QUARTERLY) (dollars in millions, except per share) 2000 1999 1st 2nd 3rd Sales Agriculture & Nutrition Nylon Enterprise Performance Coatings & Polymers Pharmaceuticals Pigments & Chemicals Pioneer Polyester Enterprise Specialty Fibers Specialty Polymers Other Total Segment Sales 1 626 1,123 1,653 389 960 921 589 905 1,091 125 8,382 843 1,172 1,716 394 1,038 803 676 892 1,151 147 8,832 454 1,150 1,572 389 974 129 657 848 1,124 108 7,405 After-Tax Operating Income – Underlying Agriculture & Nutrition Nylon Enterprise Performance Coatings & Polymers Pharmaceuticals Pigments & Chemicals Pioneer Polyester Enterprise Specialty Fibers Specialty Polymers Other Total 63 87 179 54 164 172 9 201 165 1 1,095 135 88 190 51 186 144 11 175 183 6 1,169 13 74 170 41 169 (97) 19 167 175 (4) 727 34 52 194 (13) 196 (113) 30 147 190 (24) 693 (123) (74) 898 (136) (84) 949 (122) (68) 537 (112) (87) 494 Interest and Exchange Gain (Losses) Corporate Expenses Underlying Income from Continuing Operations After-Tax Impact Gain/(Loss) Productivity Improvements In-Process Research & Development Changes in Estimates of Restructuring and Divestiture Activities, Litigation, etc. Interest, Exchange, Corporate and Tax Items Joint Ventures and Other Investments Discontinuation of Certain Products, Misc. Asset Sales, Write-downs, and Other Net Gain/(Loss) Reported Income from Continuing Operations 2 4th Full Yr. 1st 2nd 3rd 588 2,511 1,109 4,554 1,544 6,485 315 1,487 935 3,907 85 1,938 611 2,533 807 3,452 1,142 4,508 76 456 7,212 31,831 720 1,103 1,150 409 866 60 624 863 989 115 6,899 827 1,149 1,656 380 949 265 643 857 1,057 122 7,905 423 1,097 1,592 384 912 38 668 852 1,057 115 7,138 245 301 733 133 715 106 69 690 713 (21) 3,684 98 102 140 75 146 (7) (6) 181 164 10 903 146 104 160 49 158 59 (13) 168 164 13 1,008 (10) 87 155 58 162 (26) (23) 189 166 21 779 30 96 190 81 167 (126) 3 193 172 (22) 784 264 389 645 263 633 (100) (39) 731 666 22 3,474 (493) (313) 2,878 (82) (72) 749 (48) (74) 886 (81) (73) 625 (119) (82) 583 (330) (301) 2,843 (40) (107) 11 (40) (81) 11 (123) (106) (95) 803 (138) (261) 688 (59) 19 78 (29) (191) (211) 19 (113) (13) 25 562 (13) (233) 261 (270) (564) 2,314 (121) 628 (40) 846 1 2 3 Full Yr. 622 2,592 1,138 4,487 1,713 6,111 457 1,630 933 3,660 64 427 714 2,649 876 3,448 1,152 4,255 129 481 7,798 29,740 (147) (2,237) (2,277) 47 49 158 2000 Earnings Per Share of Common Stock—Diluted 3 Continuing Operations Underlying Net Income One-Time Items Continuing Operations Reported Net Income 4th 47 (32) 158 (337) (36) (373) (444) (2,019) (2,624) 181 (1,436) 219 1999 1st 2nd 3rd 4th .85 (.09) .76 .90 (.25) .65 .51 .02 .53 .47 (.22) .25 Full Yr. 2.73 (.54) 2.19 1st 2nd 3rd .66 (.11) .55 .78 (.04) .74 .59 (.42) .17 4th .55 (1.93) (1.38) Full Yr. 2.58 (2.39) .19 Sales include pro rata equity affiliate sales and intersegment transfers. For complete details of earnings adjusted for one-time items, see the respective DuPont quarterly earnings releases. Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations. D U P O N T 7 CONSOLIDATED INCOME STATEMENT (dollars in millions, except per share) 2000 1999 1998 1997 1996 Sales Other Income 1 Total 28,268 934 29,202 26,918 974 27,892 24,767 981 25,748 24,089 1,005 25,094 23,644 1,101 24,745 Cost of Goods Sold and Other Operating Charges Selling, General and Administrative Expenses Depreciation Amortization of Goodwill and Other Intangible Assets Research and Development Expense Interest Expense Purchased In-Process Research and Development Employee Separation Costs and Write-Down of Assets Gain on Issuance of Stock by Affiliates Total 18,207 3,041 1,415 445 1,776 810 (11) 101 (29) 25,755 16,991 2,595 1,444 246 1,617 535 2,250 524 – 26,202 15,556 2,115 1,452 108 1,308 520 1,443 633 – 23,135 15,544 2,061 1,361 20 1,072 389 1,478 340 – 22,265 15,289 2,119 1,526 25 990 409 – – – 20,358 3,447 1,072 61 2,314 1,690 1,410 61 219 2,613 941 24 1,648 2,829 1,354 43 1,432 4,387 1,416 40 2,931 – – 594 973 705 – – 7,471 7,690 2,439 4,681 – 2,405 – 3,636 – 2,314 – 7,690 (201) 4,480 – 2,405 – 3,636 2.19 – 2.19 – 2.19 .19 6.80 6.99 – 6.99 1.43 2.65 4.08 (.18) 3.90 1.24 .84 2.08 – 2.08 2.56 .62 3.18 – 3.18 289 349 168 394 (266) 934 135 289 185 16 349 974 278 159 112 375 57 981 643 64 131 64 103 1,005 694 72 118 162 55 1,101 Income from Continuing Operations Before Income Taxes and Minority Interests Provision for Income Taxes Minority Interests in Earnings of Consolidated Subsidiaries Income from Continuing Operations Discontinued Operations Income from Operations of Discontinued Business, Net of Income Taxes Gain on Disposal of Discontinued Business, Net of Income Taxes Income Before Extraordinary Item Extraordinary Charge from Early Extinguishment of Debt, Net of Income Taxes Net Income Diluted Earnings (Loss) Per Share of Common Stock Continuing Operations Before Extraordinary Item Discontinued Operations Before Extraordinary Item Extraordinary Charge Net Income 1 Other Income: Equity in earnings of affiliates Royalty income Interest income, net of miscellaneous interest expense Gains (losses) on sales of assets Miscellaneous income and expense—net Total Other Income 8 D U P O N T CONSOLIDATED BALANCE SHEET (dollars in millions) December 31 2000 1999 1998 1997 1996 Assets Current Assets Cash and Cash Equivalents Marketable Securities Accounts and Notes Receivable Inventories Prepaid Expenses Deferred Income Taxes Total Current Assets 1,540 77 4,552 4,658 228 601 11,656 1,466 116 5,318 5,057 202 494 12,653 1,059 10 4,201 3,129 192 645 9,236 1,004 142 4,309 2,792 169 691 9,107 1,066 253 3,804 2,436 142 761 8,462 Property, Plant and Equipment Less: Accumulated Depreciation Net Property, Plant and Equipment Goodwill and Other Intangible Assets Investment in Affiliates Other Assets Net Assets of Discontinued Operations Total 34,650 20,468 14,182 8,365 2,206 3,017 – 39,426 35,416 20,545 14,871 8,724 1,459 3,070 – 40,777 34,728 20,597 14,131 2,566 1,796 2,390 8,417 38,536 32,911 20,310 12,601 1,270 2,372 2,941 8,398 36,689 30,432 19,473 10,959 211 1,572 3,286 7,852 32,342 2,731 3,247 250 3,027 9,255 2,780 4,941 359 3,148 11,228 1,929 6,629 130 2,922 11,610 1,921 6,152 120 3,024 11,217 1,737 3,907 121 2,682 8,447 Long-Term Borrowings and Capital Lease Obligations Other Liabilities Deferred Income Taxes Total Liabilities 6,658 7,729 2,105 25,747 6,625 7,872 1,660 27,385 4,495 7,640 430 24,175 5,897 7,444 500 25,058 5,052 7,434 501 21,434 Minority Interests Stockholders’ Equity Total 380 13,299 39,426 517 12,875 40,777 407 13,954 38,536 361 11,270 36,689 315 10,593 32,342 Liabilities and Stockholders’ Equity Current Liabilities Accounts Payable Short-Term Borrowings and Capital Lease Obligations Income Taxes Other Accrued Liabilities Total Current Liabilities D U P O N T 9 CONSOLIDATED STATEMENT OF CASH FLOWS (dollars in millions) Cash and Cash Equivalents at Beginning of Year Cash Provided by Continuing Operations Net Income Adjustments to Reconcile Net Income to Cash Provided by Continuing Operations: Net Income from Discontinued Operations Extraordinary Charge from Early Retirement of Debt Depreciation Amortization of Goodwill and Other Intangible Assets Purchased In-Process Research and Development Other Noncash Charges and Credits—Net Decrease (Increase) in Operating Assets: Accounts and Notes Receivable Inventories and Other Operating Assets Increase (Decrease) in Operating Liabilities: Accounts Payable and Other Operating Liabilities Accrued Interest and Income Taxes Cash Provided by Continuing Operations Investment Activities of Continuing Operations Purchases of Property, Plant and Equipment Investments in Affiliates Payments for Businesses (Net of Cash Acquired) Proceeds from Sales of Assets Net Proceeds from Sale of Interest in Petroleum Operations Net Decrease (Increase) in Short-Term Financial Instruments Miscellaneous—Net Cash Used for Investment Activities of Continuing Operations Financing Activities Dividends Paid to Stockholders Net Increase (Decrease) in Short-Term Borrowings Long-Term and Other Borrowings: Receipts Payments Acquisition of Treasury Stock Repurchase of Warrants Proceeds from Exercise of Stock Options Increase (Decrease) in Minority Interests Cash Used for Financing Activities Net Cash Flow from Discontinued Operations 2 Effect of Exchange Rate Changes on Cash Cash and Cash Equivalents at Year-End Increase (Decrease) in Cash and Cash Equivalents 1 2 10 Includes cash and cash equivalents classified in the Consolidated Balance Sheet within “Net Assets of Discontinued Operations.” Includes payments of direct expenses related to the Conoco initial public offering and exchange transactions. D U P O N T 2000 1999 1998 1997 1996 1,466 1,434 1,004 1,066 1,408 2,314 7,690 4,480 2,405 3,636 – – 1,415 445 (11) 899 (7,471) – 1,444 246 2,250 443 (3,033) 275 1,452 108 1,443 (319) (973) – 1,361 20 1,478 569 (705) – 1,526 25 – (270) 379 (727) (21) (384) (580) (74) (783) (355) (262) (283) 64 292 5,070 185 458 4,840 254 126 4,132 (20) 325 4,027 151 291 4,109 (1,925) (97) (46) 703 (2,055) (48) (5,073) 609 (2,240) (63) (3,282) 946 (2,089) (1,920) (1,238) 558 (1,665) (82) (75) 996 – – 4,206 – – 25 96 (1,244) (258) 14 (6,811) 131 124 (178) 115 552 (4,022) (197) 36 (987) (1,465) (95) (1,511) (3,244) (1,549) 1,574 (1,401) 1,737 (1,261) (954) 4,996 (6,574) (462) – 63 – (3,537) 8,420 (5,612) (690) – 168 105 (2,364) 6,335 (8,966) (704) – 257 – (3,053) 6,462 (5,562) (1,747) – 116 (56) (451) 3,194 (5,171) – (504) 315 363 (4,018) – (215) 1,540 74 4,475 (108) 1,466 32 (568) 97 1,434 1 430 483 (99) 1,004 (62) 606 (52) 1,066 (342) 1 SELECTED ADDITIONAL DATA (dollars in millions) Effective Income Tax Rate Statutory U.S. Federal Income Tax Rate International Operations Lower Effective Tax Rate on Export Sales In-Process Research & Development* Other—Net Effective Income Tax Rate 2000 1999 1998 1997 35.0% (2.8) (1.7) – (0.6) 31.1% 35.0% 4.2 (2.2) 46.6 (0.2) 83.4% 35.0% 2.0 (1.9) 1.7 (0.8) 36.0% 35.0% (3.5) (2.2) 17.9 0.7 47.9% * Certain charges associated with the 1999 Pioneer transaction and the 1997 Pioneer and PTI transactions were not tax affected because these purchases were stock acquisitions rather than asset purchases. 2000 As a Percentage of Sales: Cost of Goods Sold and Other Operating Charges Selling, General and Administrative Expenses Research and Development Expense Underlying Income from Continuing Operations Cash Provided by Continuing Operations Times Interest Earned* 64% 11 6 10 18 5.9 1999 63% 10 6 11 18 7.8 1998 63% 9 5 12 17 7.9 1997 1996 65% 9 4 13 17 11.2 65% 9 4 13 17 10.6 * Underlying income from continuing operations before income taxes, plus interest and debt expense, divided by the sum of interest and debt expense and capitalized interest. Research and Development Expenditures Amount Breakdown by Product Area: Polymer Science Health Science Agricultural Science Imaging Systems Electronic Materials Chemicals Other Total Selected Additional Data Annual Percent Change in Sales Versus Prior Year* Portion due to Selling Prices Portion due to Volume and Mix* Average Manufacturing Capacity Utilization 1,776 1,617 1,308 1,072 990 30% 32 29 – 5 4 – 100% 36% 29 26 – 5 4 – 100% 48% 13 26 – 7 6 – 100% 54% – 26 2 6 10 2 100% 52% – 26 5 4 10 3 100% 1% (1) 2 81% 0% (3) 3 83% (4)% (2) (2) 82% 4% (3) 7 88% 2% (1) 3 88% * 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. D U P O N T 11 SELECTED ADDITIONAL DATA (dollars in millions) Financial Results Sales by Quarter 1st 2nd 3rd 4th Total Income from Continuing Operations (Excluding One-Time Items) 1 1st 2nd 3rd 4th Total Continuing Operations Earnings Per Share by Quarter (Excluding One-Time Items) 1 1st — Diluted 2nd— Diluted 3rd — Diluted 4th — Diluted Total 2 — Diluted 2000 1999 1998 7,593 7,914 6,445 6,316 28,268 6,295 7,024 6,459 7,140 26,918 6,194 6,432 6,042 6,099 24,767 898 949 537 494 2,878 749 886 625 583 2,843 782 839 610 682 2,913 .85 .90 .51 .47 .66 .78 .59 .55 .68 .73 .53 .60 2.73 2.58 2.55 1 Excludes Extraordinary Item. 2 Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations. Geographic Information 1999 1998 Net Property Net Sales* Net Property Net Sales* Net Property 14,509 1,074 581 76 16,240 8,887 538 165 151 9,741 13,656 989 500 114 15,259 8,977 482 146 150 9,755 13,075 881 421 93 14,470 8,454 459 117 135 9,165 Europe, Middle East and Africa Germany France United Kingdom Italy Other Total 1,716 986 783 915 2,474 6,874 641 181 721 29 1,232 2,084 1,743 979 960 884 2,598 7,164 887 195 941 10 1,202 3,235 1,450 904 988 902 2,108 6,352 388 181 1,078 5 1,188 2,840 Asia Pacific Japan Taiwan China Singapore Other Total 1,023 809 487 134 1,506 3,959 78 680 142 345 126 1,371 928 690 361 112 1,393 3,484 138 769 146 379 197 1,629 820 591 398 86 947 2,842 159 707 208 635 244 1,953 South America Brazil Other Total 686 509 1,955 123 143 266 594 417 1,011 100 152 252 659 444 1,103 83 90 173 28,268 14,182 26,918 14,871 24,767 14,131 North America United States Canada Mexico Other Total Total * Sales are attributed to countries based on location of customer. 12 2000 Net Sales* D U P O N T Net Sales to Customers Outside the United States as a Percentage of Sales 2000 66% 36 60 27 46 32 39 60 49 34 49% Agriculture & Nutrition Nylon Enterprise Performance Coatings & Polymers Pharmaceuticals Pigments & Chemicals Pioneer Polyester Enterprise Specialty Fibers Specialty Polymers Other Total 1999 66% 37 58 24 44 33 47 60 48 47 49% 1998 63% 38 48 22 43 34 43 60 46 53 47% Exports from the United States 2000 1999 1998 5,091 18% 4,331 16% 3,991 16% 2000 1999 1998 1997 1996 160 324 174 198 198 164 240 157 137 164 164 224 170 128 168 164 184 185 166 181 171 183 172 171 178 Sales (dollars in millions) As a Percentage of Total Sales Purchased Materials Cost Index (1977 = 100; period average) Basic Materials Precious Metals Chemicals Hydrocarbons Total Purchased Index Total Variable Cost of Goods Top Purchased Energy and Raw Materials Primary Uses Paraxylene ................................. Polyester Natural gas ................... Nylon Cyclohexane .............. Nylon Electricity ................... Various Butadiene ..................... Nylon Ethane .............................. Packaging Polymers Titanium dioxide ores .......... White Pigments Precious metals ......................... i Technologies Chlorine .......................................... White Pigments Organic pigments ............................... Performance Coatings Fiberglass ............................................... Engineering Polymers D U P O N T 13 SELECTED ADDITIONAL DATA Price and Volume Change Summary Selling Price and Sales Volume Worldwide Percentage Change from Prior Year Selling Price and Sales Volume Worldwide Indices, 1990 = 100 10 150 145 8 140 135 6 130 125 4 120 115 2 110 105 0 100 95 -2 90 85 -4 80 1991 1992 Price 1993 1994 1995 1996 1997 1998 1999 2000 Volume 1991 1992 Price Selling Price % Change from Prior Year 1993 1994 1995 1996 1997 1998 2000 Volume Sales Volume % Change from Prior Year* Year Worldwide U.S. Other Regions Year Worldwide U.S. Other Regions 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 (1) (1) (3) (1) 5 (1) (3) (2) (3) (1) 0 (1) 0 (1) 3 0 0 (1) (2) 1 (2) (2) (7) (2) 8 (3) (7) (2) (4) (3) 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 (2) 4 2 9 4 3 7 (2) 3 2 (4) 4 1 5 1 3 5 (3) 1 (2) 1 6 2 15 7 4 10 (1) 6 6 2000 Selling Price % Change from Prior Year 2000 Sales Volume % Change from Prior Year* Qtr Worldwide U.S. Other Regions Qtr Worldwide U.S. Other Regions 1st 2nd 3rd 4th Year (3) (1) 1 (3) (1) (1) 1 3 2 1 (5) (3) (1) (7) (3) 1st 2nd 3rd 4th Year 6 5 2 (4) 2 (1) 4 (3) (10) (2) 13 7 9 2 6 * 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. 14 1999 D U P O N T THE DUPONT COMMITMENT: SAFETY, HEALTH, AND THE ENVIRONMENT We affirm to all our stakeholders, including our employees, customers, shareholders and the public, that we will conduct our business with respect and care for the environment. We will implement those strategies that build successful businesses and achieve the greatest benefit for all our stakeholders without compromising the ability of future generations to meet their needs. U.S. Toxics Release Inventory Waste & Emissions 1,000 900 800 700 600 500 400 We will continuously improve our practices in light of advances in technology and new understandings in safety, health, and environmental science. We will make consistent, measurable progress in implementing this Commitment throughout our worldwide operations. DuPont supports the chemical industry’s Responsible Care ® initiative as a key program to achieve this Commitment. 300 200 100 ’87 0 ’91 ’92 Total Waste as Generated ’93 ’94 ’95 Deepwell Disposal of Hazardous Waste ’96 ’97 ’98 Total Releases to Air, Water and Land ’99 (Millions of pounds) Data as reported to the U.S. Environmental Protection Agency. 286 new chemicals were added in 1995. Total waste as generated first reported in 1991. Reflects reductions of 24% in total waste as generated, 84% in deepwell disposal, and 57% reduction in air, water and land releases. Increase in total waste as generated in 1998 and 1999 reflects 143 MM lbs./yr. recycled on-site by two newly acquired facilities. Total Recordable Injuries & Illnesses Global Greenhouse Gases & Energy Consumption 14 300 250 12 200 10 150 100 8 50 6 0 150 4 100 2 50 ’94 ’95 ’96 ’97 DuPont Chemical Industry Average DuPont (includes event-related injuries and illnesses) (Recordable injuries per 200,000 hours worked) 0 ’93 ’98 ’99 ’00E Manufacturing Industry Average 1998, 1999 and 2000 (estimated) injury/illness statistics for employees reflect expanded reporting of cumulative musculoskeletal disorders. Comparative statistics are not available for years prior to 1998. Industry data not available for 1999 and 2000. Six Sigma 2000 was the first full year of implementation across the company. By year-end, Six Sigma was in place in every business and region. The company was engaged in the most massive training program in recent history, with about 1,100 trained Black Belts in place and more than 3,400 projects active at year-end. The potential pretax benefit from active projects was $700 million. The actual annualized pretax benefit from completed projects at the end of 2000 was $370 million. 0 ’90 ’94 ’95 Total (includes CFCs)* ’96 Total, Kyoto Basis (excludes CFCs)* * (Billions of pounds, Carbon Dioxide Equivalents) ** (Percentage) ’97 ’98 ’99 Global Energy Consumption (Indexed to 1990=100)** Data indicate a 57% reduction (49% reduction of Kyoto basket of gases) in greenhouse gas emissions since 1990. DuPont expects to achieve a 60% reduction (Kyoto basis) by the year 2000. Global energy consumption has been nearly flat since 1990, despite a 35% increase in production. Focus of Six Sigma Project Benefits 56% 44% Manufacturing Operations Improvements Transactional Processes 70% 30% Reduced Costs Opportunities for Increased Revenue D U P O N T 15 AGRICULTURE & NUTRITION Businesses Strategies Competitive Strengths William F. Kirk Group Vice President DuPont Crop Protection James C. Borel Vice President/ General Manager DuPont Nutrition & Health ■ Develop and commercialize new products to improve efficacy of pest control and reduce environmental impact ■ Strong discovery capability based on chemical, biological and genetic sciences ■ Continue to build and demonstrate the value of the broad and effective line of existing products ■ Global participation in agriculture, food and feed industries ■ High brand recognition ■ Develop new business models particularly in e-commerce ■ Capitalize on cross-business-unit synergy opportunities ■ Build world-class, great tasting, healthy food ingredients business ■ Leading position in soy protein ■ ■ Develop high-value feeds business to pull through proprietary seed technology Strong discovery capability based on biological, genetic and chemical sciences ■ Develop food safety solutions ■ Broad and deep solutions capability to address needs of the food industry J. Erik Fyrwald Vice President/ General Manager 2000 Business Unit Total Sales 2000 Segment Sales by Major Industry Fungicides 13% Crop Protection 80% Herbicides 58% Insecticides 9% Food & Nutrition 20% 16 D U P O N T Food Ingredients 18% Paper 2% DuPont Specialty Grains DuPont Steward TM TM insecticide DuPont Avaunt TM TM insecticide DuPont Accent® TM DuPont Londax® TM herbicide herbicide DuPont Supro® TM soy protein DuPont RiboPrinter® TM microbial characterization system DuPont Equation® TM fungicide Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 2,511 – 2,592 – 2,787 – 245 189 142 (13) (43) 264 159 142 2 (71) 325 252 133 2 43 3,021 145 154 3,228 123 262 3,067 170 214 D U P O N T 17 AGRICULTURE & NUTRITION Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Broadleaf weed control Grassy weed control Mobile, AL El Paso, IL Manati, PR Cernay, France Loon-Plage, France Aminodimethoxypyrimidine Cyanuric chloride Monomethylamine Nicotinic acid Aventis BASF Bayer Dow Agrosciences Monsanto Syngenta Broadleaf weed control Weed control El Paso, IL Manati, PR Guanidine Methyl thioglycolate Saccharin Sulfentrazone Broadleaf weed control Selective weed control Manati, PR Girraween, Australia Cernay, France Loon-Plage, France Surabaya, Indonesia Benzyl mercaptan Cyanamide Dimethyl carbonate Methyl thioglycolate Saccharin Selective pre- and postemergence weed control Manati, PR Shanghai, China Loon-Plage, France Aminodimethoxypyrimidine o-Toluic acid Postemergence weed control Lerma, Mexico Glyphosate Pyrithiobac sodium Selective broadleaf weed and grass control Cernay, France Aminodimethoxypyrimidine Postemergence weed control Manati, PR Cernay, France Loon-Plage, France 2-Carbomethoxy6-methylbenzenesulfonyl chloride Sugarcane herbicides: Advance® Velpar® K Preemergence weed control LaPorte, TX Diuron Hexazinone Citrus herbicides: Hyvar® Krovar® Preemergence weed control LaPorte, TX Bromaci Diuron Tomato herbicides: Shadeout® Selective weed control Cernay, France Aminodimethoxypyrimidine Brush and weed control LaPorte, TX Manati, PR Lerma, Mexico Cyclohexyl isocyanate Dichlorophenol isocyanate Diuron Glyphosate Hexazinone Saccharin Plant disease control LaPorte, TX Belle, WV Cernay, France Bolzano, Itay Asturias, Spain Lung Tan, Taiwan Bangpoo, Thailand Acetic anhydride Butylamine Cyanamide Cyanoacetic acid Ethylurea Fluorobenzene Triazole DuPont Crop Protection www.dupont.com/ag Herbicides Corn herbicides: Accent® and Accent® Gold® Basis® and Basis® Gold® Leadoff® Steadfast® Titus® Soybean herbicides: Assure® II Authority® Canopy® and Canopy® XL Classic® Reliance™ Synchrony® STS® Cereal herbicides: Ally® Express® Finesse® Glean® Granstar® Harmony® Lexus® Rice herbicides: Gulliver® Londax® Cotton herbicides: Staple® Staple® Plus Potato herbicides: Matrix® Sugar beet herbicides: Debut® Safari® Upbeet® Specialty herbicides: Vegetation management (forestry and noncrop) Oust® and Velpar® Oustar™ Fungicides Benlate® Curzate® Equation® Famoxate™ Nustar® Punch® 18 D U P O N T Aventis BASF Bayer Syngenta Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Mobile, AL LaPorte, TX Cernay, France Savli, India Bolzano, Italy Lerma, Mexico Cabuyao, Philippines Lung Tan, Taiwan Bangpoo, Thailand Acetaldoxime Ammonia Caustic soda m-Cresol Cyclohexanone Methanol Methyl mercaptan Monochlorobenzene Monoethylamine Monomethylformamide Phosphorus pentachloride Trichloroacetaldehyde Aventis Bayer Dow Agrosciences Syngenta DuPont Crop Protection (continued) Insecticides Asana® Avaunt™ Lannate® Steward™ Vydate® Direct control and residual action insect control DuPont Nutrition & Health Food Protein (Protein Technologies International Inc.) www.protein.com www.suprosoy.com SUPRO® soy isolated Food industry Louisville, KY Soybean flake and meal soy protein Pryor, OK Memphis, TN leper, Belgium Food and grain ingredient companies Specialty Grains and Production Systems (DuPont Specialty Grains) www.dupontsg.com Optimum™ corn and other Feed and grain Des Moines, IA Seeds value-enhanced grains processing Trait technologies Grain companies Microbial Diagnostic Products & Services (Qualicon Inc.) www.qualicon.com RiboPrinter® microbial Food and health Wilmington, DE characterization system BAX® system for pathogen screening and GMO testing Food safety and quality management services Microbiological testing and instrumentation companies Acquisitions and Joint Ventures General Mills/PTI — Minnesota (2000 – joint venture) soy-based consumer food products Pioneer Hi-Bred International — (1999 – acquisition of remaining 80% interest) see page 34 So Good — Petersborough, U.K. (1999 – joint venture) soy-based consumer food products Agar Cross — Argentina (1999 – purchased remaining 55% of joint venture) crop protection Agroproducts Corey, S.A. de C.V. — Mexico (1998 – 49% joint venture) agricultural products Plaguicidas y Fertilizantes Nacionales S.A. de C.V. — Mexico (1998 – 40% joint venture) agricultural products Cereal Derived Functional Ingredients (CDFI) business, Dalgety — United Kingdom (1998 – acquisition) Griffin L.L.C. — (1998 – joint venture) crop protection Hybrinova S.A. — France (1998 – acquisition) R&D capabilities, chemical hybridizing agent and hybrid wheat seeds AO Khimprom, Novocheboksarsk — Russia (1997 – joint venture) crop protection DuPont Specialty Grains — Iowa (1997 – joint venture) agricultural research and development Pfister Hybrid Corn Company — United States (1997 – acquisition) Pioneer Hi-Bred International — (1997 – 20% interest) Protein Technologies International — (1997 – acquisition) soybean proteins Westrade — Central America (1997 – joint venture) distribution Divestitures and Shutdowns Cereals Innovation Centre — Cambridge, U.K. (2000) Fiber Sales and Development (subsidiary of Protein Technologies International) — Urbana, Ohio (2000) Fortress® (1999) D U P O N T 19 NYLON ENTERPRISE Businesses Strategies Competitive Strengths W. Donald Johnson Group Vice President DuPont Industrial Nylon DuPont Apparel ■ Pursue niche markets for new growth ■ Global market position ■ Integrate offering of yarn and treated fabric ■ Low-cost producer ■ Strong brand image, e.g., DuPont™ Cordura® ■ Lower cost through Six Sigma ■ Drive global growth opportunities for heavy denier industrial nylon through our DUSA International joint venture ■ Technology leadership ■ Build DuPont™ Tactel® brand globally ■ Technology leadership ■ Reduce cost and capital through asset renewal and Six Sigma ■ ■ Expand differentiated fiber offerings Strong brand image, e.g., DuPont™ Tactel®, DuPont™ Supplex®, DuPont™ Cordura® ■ Capability to develop unique applications ■ Strong brand image, e.g., DuPont™ Stainmaster®, DuPont™ Antron® ■ Technology leadership ■ Low-cost producer ■ Proprietary manufacturing technologies ■ Low-cost producer Eduardo W. Wanick Vice President / General Manager DuPont Flooring Systems ■ Continue to enhance quality ■ Lower cost through Six Sigma ■ Expand differentiated fiber offerings Alan S. Wolk Vice President / General Manager DuPont Nylon Intermediates, Specialties & Polymer ■ ■ Kenneth W. Wall Vice President / General Manager 20 D U P O N T Maintain low-cost manufacturing advantage through asset productivity gains and Six Sigma Develop specialty businesses DuPont Cordura® DuPont Xtra Life nylon yarn nylon fibers TM TM DuPont Tactel® TM TM brand fiber DuPont Supplex® DuPont Antron® textile nylon commercial carpet TM TM DuPont Dibasic Ester TM 2000 Business Unit Total Sales 2000 Segment Sales by Major Industry Aerospace/Aircraft 1% Flooring Systems 43% Chemical/Petrochemical 9% Industrial Systems 14% Construction Materials 24% Textile/Apparel 32% Intermediates 21% Home Furnishings 16% Apparel 22% Plastics 5% Motor Vehicle 13% Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 4,554 31 4,487 35 4,594 39 301 328 239 41 190 389 63 241 43 220 406 244 236 35 189 3,298 854 312 3,077 572 377 3,082 551 493 D U P O N T 21 NYLON ENTERPRISE Principal Products Major Markets Apparel www.dupont.com/corp/markets/apparel Nylon yarns including Activewear Hosiery Antron®, Antron® III Intimate apparel and Cordura® and yarns for fabrics Outerwear Swimwear including Supplex® Upholstery and Tactel® Flooring Systems antron.dupont.com Nylon fibers for residential Automotive carpeting carpets including Commercial flooring Mats Stainmaster®, Residential flooring Stainmaster® Xtra Life®, Rugs Stainmaster® Luxura®, Stainmaster Plus®, Stainmaster® MasterLife® and Stainmaster® Grand Luxura™ Nylon fibers for commercial carpets including Antron® Legacy, Antron Lumena® and DSDN® Industrial Nylon www.dupont.com/cordura Nylon high-tenacity yarns Air bags Belts and hoses including Cordura® and tire cord fabrics Soft-sided luggage Tires Major Plants D U P O N T Significant Competitors Seaford, DE Adipic acid Athens, GA Caprolactam Camden, SC Hexamethylenediamine Chattanooga, TN Mercedes, Argentina Americana, Brazil Oestringen, Germany Mihara, Japan Monterrey, Mexico Kuan Yin, Taiwan Gloucester, United Kingdom Asahi Chemical BASF Formosa (FCFC) Hyosung Kolon Nilit Radici Rhodia (Nylstar) Tae Kwang Toray Universal Fiber Systems Seaford, DE Athens, GA Camden, SC Waynesboro, VA Kingston, Canada Oestringen, Germany Uentrop, Germany BASF Beaulieu Honeywell KoSa Rhodia Solutia Toray Universal Fiber Systems Adipic acid Hexamethylenediamine Laurel Hill, NC Adipic acid Whiteville, NC Caprolactam Chattanooga, TN Hexamethylenediamine Berazategui, Argentina Camacari, Brazil Kingston, Canada Qingdao, China Cairo, Egypt Muhlhausen, Germany Citeureup, Indonesia Izmit, Turkey Gloucester, United Kingdom Nylon Intermediates, Specialties & Polymer www.dupont.com/intermediates Adi-pure® adipic acid Adhesives and Seaford, DE Adiponitrile coatings Camden, SC Bishexamethylene triamine Footwear Chattanooga, TN C12 intermediates Lubricants Orange, TX Caprolactam Nylon fibers Victoria, TX DBE dibasic esters Nylon resins Camacari, Brazil Diaminocyclohexane Solvents Dodecanedioic acid 22 Major Raw Materials Adipic acid Ammonia Butadiene Caprolactam Cyclohexane Hexamethylenediamine Natural gas Asahi Chemical Kolon Rhodia Solutia Toray Asahi Chemical BASF DSM Degussa-Hüls Radici Rhodia Solutia Toray Principal Products Major Markets Nylon Intermediates, Specialties & Polymer (continued) Dytek® A amine Dytek® EP diamine Hexamethylenediamine (HMD) Hexamethyleneimine Nylon polymer Pentenenitrile 2-Methylglutaronitrile Major Plants Major Raw Materials Significant Competitors Sao Paulo, Brazil Kingston, Canada Maitland, Canada Chalampé, France Uentrop, Germany Salamanca, Mexico Rozenburg, The Netherlands Singapore Wilton, United Kingdom Acquisitions and Joint Ventures DuPont-Sabanci International, LLC (DUSA) — North America, Europe and South America (1999 and 2000 – joint ventures) heavy decitex nylon industrial yarn and tire cord fabric Brazil (1997 – acquisition) nylon 6 industrial fiber manufacturing facility PT Branta Mulia — Indonesia (1997 – 20% equity ownership) nylon 6,6 industrial fiber and fabric DuPont Qingdao Nylon Enterprise Limited — China (1996 – acquisition) nylon 6, 6 tire cord fiber and fabric MSA Holdings Inc., United Carpet, Wilson Floors Inc. — U.S. (1996 – acquisitions) installation and maintenance of commercial flooring DuPont-Far Eastern Company Ltd. — Taiwan (1995 – joint venture) nylon 6,6 textile fabric Grupo Centek S.A. de C.V. — Mexico (1995 – joint venture) nylon textile, flake and caprolactam production Teijin DuPont Nylon Limited — Japan (1995 – joint venture) nylon products for Japanese market Divestitures and Shutdowns DuPont Fibers Limited — India (1999) Industrial and apparel nylon fiber operations — Doncaster, United Kingdom (1999) Sanlong Nylon Co. Ltd. — China (1999) Apparel and flooring operations — Bayswater, Australia (1998) Apparel operations — Martinsville, VA (1998) Xymid LLC — Newark, DE (1998) Avimid® composite product line — Newark, DE (1997) Composites for armor and aerospace — Newark, DE (1996) Substrates for microelectronic packaging — Newark, DE (1996) D U P O N T 23 PERFORMANCE COATINGS & POLYMERS Businesses Strategies Competitive Strengths DuPont Engineering Polymers Craig G. Naylor Group Vice President / General Manager ■ Accelerate new applications and product development ■ Premier brand awareness and strong customer trust ■ Promote global extension of existing applications ■ Global, integrated, multifunctional, multiregional business processes ■ Develop tailored offerings and apply higher value products to new and growing market segments ■ Innovative technological offerings ■ Manage asset productivity for value ■ Focus on transactional excellence ■ Complete Herberts integration programs, increasing profitability ■ Combination of cost, technology and service delivers premier product ■ Broaden global OEM customer base ■ ■ Target growth segments to increase market share in North America and Europe Customer/market relationships in global OEM and strong brand image in Refinish business ■ ■ Invest for growth in Asia and South America Distribution in the North American Refinish markets ■ Develop and commercialize new technology in powder coatings Dispersion and formulation technology for new ink jet applications ■ Strong global powder coating presence ■ Invest in high-growth business ■ Strong branded position ■ Expand portfolio of high-value materials offering ■ Leading market position ■ Global market presence ■ Technology leadership and innovation DuPont Performance Coatings Louis F. Savelli Group Vice President John R. Lewis Vice President & General Manager DuPont Performance Coatings — Europe & Asia ■ Edward J. Donnelly Vice President & General Manager DuPont Performance Coatings — Americas DuPont Elastomers Theo G. Krapels President & CEO DuPont Dow Elastomers 24 D U P O N T ■ Integrate supply chain ■ Implement Six Sigma DuPont Automotive Finishes DuPont Crastin® TM PBT thermoplastic polyester resin DuPont Rynite® TM PET thermoplastic polyester resin DuPont Tynex® TM DuPont Artistri TM TM nylon filaments ink DuPont Zytel® TM nylon resin 2000 Business Unit Total Sales 2000 Segment Sales by Major Industry Elastomers 9% Plastics 2% Aerospace/Aircraft 1% Personal Care 6% Performance Coatings 55% Construction Materials 13% Electrical Appliances 6% Electronics 3% Motor Vehicle 69% Engineering Polymers 36% Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 6,485 4 6,111 10 4,563 9 733 674 245 67 426 645 582 225 60 416 525 508 149 16 302 4,158 615 208 4,060 404 759 2,214 281 229 D U P O N T 25 PERFORMANCE COATINGS & POLYMERS Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Butadiene Butanediol Caprolactam Cyclohexane Ethylene glycol Glass fiber Methanol Oxydianiline Para-hydroxybenzoic acid Paraxylene Polytetramethylene glycol Pyromellitic dianhydride Type 612 nylon resin AlliedSignal Amoco Polymers Asahi BASF Bayer GE Plastics Polyplastics Solutia Teijin Ticona (Hoechst/ Celanese) Toray Wellman Acrylic monomers Aliphatic and aromatic hydrocarbon solvents Organic pigments Titanium dioxide Akzo Nobel BASF PPG Sherwin-Williams DuPont Engineering Polymers www.dupont.com/enggpolymers Crastin® PBT polyester resins Delrin® acetal resins Hytrel® polyester elastomer Rynite® PET polyester resins Tynex® nylon filaments Vespel® polyimide parts and shapes; Tribon composites Zenite™ LCP (liquid crystal polymer) resins Zytel® and Minlon® nylon resins Aerospace Appliance Automotive Cosmetics Industrial hardware Electrical/Electronics Power tools Recreational goods Semiconductor and business machines Newark, DE Deepwater, NJ Circleville, OH Cleveland, OH Charleston, SC Chattanooga, TN Richmond, VA Parkersburg, WV Berazategui, Argentina Mechelen, Belgium Nordeste, Brazil Kingston, Canada Maitland, Canada Shenzhen, China Uentrop, Germany Madurai, India Savli, India Utsunomiya, Japan Luxembourg Tlalnepantla, Mexico Born, The Netherlands Dordrecht, The Netherlands Landgraaf, The Netherlands Rozenburg, The Netherlands Ulsan, Republic of Korea Singapore DuPont Performance Coatings www.dupont.com/coatings Automotive and Refinish Systems Centari® automotive and Aerospace refinish enamels Automotive Marine ChromaBase® refinish system Refinish Cormax® electrodeposition primers Cromax® waterborne finishes Imron® finishes Nason® refinish Spies Hecker® refinish Standox® refinish 26 Fort Madison, IA Mount Clemens, MI Front Royal, VA Guntramsdorf, Austria Mechelen, Belgium Sao Paulo, Brazil Ajax, Canada LeMans, France Cologne, Germany Wuppertal, Germany Tlalnepantla, Mexico Valencia, Venezuela Ink jet Digital ink jet printers Fort Madison, IA Rochester, NY Formulabs Lysor Tricon Zeneca Permatex® industrial coatings Protective coatings Vaihingen, Germany Hempel Sigma Powder coatings Construction Automotive General industrial OEM Pipeline Houston, TX Montbrison, France D U P O N T Epoxy resins Organic pigments Polyester Akzo Nobel Ferro Morton Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Newark, DE Louisville, KY LaPlace, LA Plaquemine, LA Deepwater, NJ Beaumont, TX Freeport, TX Stade, Germany Kawasaki, Japan Dordrecht, The Netherlands Butadiene Chlorine Ethylene Hydrofluoric acid Octene Perfluoromethylvinyl ether Polyethylene Propylene Ausimont Bayer Daikin Denka DSM Dyneon/3M Enichem Exxon DuPont Elastomers www.dupont-dow.com Engage® polyolefin elastomer HDPE Hypalon® chlorosulfonated polyethylene Kalrez® perfluoroelastomer parts Neoprene synthetic rubber Nordel® IP hydrocarbon rubber Tyrin® chlorinated polyethylene Viton® fluoroelastomer Adhesives Aerospace Automotive Chemical processing Construction Plastics modification Semiconductor Wire and cable Acquisitions and Joint Ventures Bayer — Germany (2000 – joint venture) PBT resin manufacturing Herberts (subsidiary of Hoechst) — (1999 – acquisition) automotive and industrial finishes Carrs Paints Ltd. — United Kingdom (1997 – acquisition) automotive OEM finishes and plastic coatings DuPont-Kansai Automotive Coatings Ltd. — United Kingdom (1997 – joint venture) automotive OEM finishes DuPont Dow Elastomers L.L.C. (1996 – joint venture) elastomers Renner DuPont, S.A. — Brazil (1995 – joint venture) automotive and industrial finishes Divestitures and Shutdowns Finishes plants in Germany (2000) Finishes plants in Portugal, Sweden, United Kingdom, Mexico, Brazil and Italy (1999) DePuy (1998) orthopedics Hardcore DuPont Composites L.L.C. (1998) infusion molded composites Neoprene — United Kingdom (1998) Alcryn® melt processible rubber (1997) Finishes plant in Missouri (1996) Finishes plant in Michigan (1995) D U P O N T 27 PHARMACEUTICALS Businesses Strategies Richard U. De Schutter Chairman & CEO DuPont Pharmaceuticals Competitive Strengths ■ Strengthen product offering in chosen therapeutic areas ■ Seek geographic expansion and alliances for growth ■ Seek research and marketstrengthening alliances ■ Implement separation strategy ■ Strong discovery capability ■ Leader in chosen therapeutic areas ■ Leader in radiopharmaceuticals ■ Strong pipeline to support chosen therapeutic areas Innohep® tinzaparin sodium injection Sustiva TM efavirenz Coumadin® warfarin sodium 2000 Segment Sales by Major Therapeutic Area Cardiovascular 44% Neurology/Central Nervous System 13% Virology 26% Other 17% Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 28 D U P O N T 2000 1999 1998 1,487 – 1,630 – 1,156 – 133 89 138 – (2) 263 230 121 – 132 185 (668) 60 77 (317) 2,054 34 114 1,941 31 101 1,843 23 655 Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Billerica, MA Garden City, NY Manati, PR Cu-mibi Cyclopropylacetylene Efavirenz Gallium Molybdenum Naltrexone Pentastarch Samarium Thallium Warfarin Xenon Other pharmaceutical companies www.dupontpharma.com Coumadin® anticoagulant Ethical pharmaceuticals Cozaar® antihypertensive* Radiolabeled pharmaceuticals Innohep® low molecular weight heparin Pentaspan® plasma volume expander Persantine® I.V. vasodilator Prinivil® antihypertensive Prinzide® antihypertensive ReVia™ treatment for alcoholism Sinemet® treatment for Parkinsons Sinemet® CR treatment for Parkinsons Sustiva™ treatment for HIV Viaspan® organ preservation solution Medical imaging products including Cardiolite® and Thallium 201 cardiac imaging agents, Miraluma™ breast imaging agent and Neurolite® brain imaging agent *DuPont and Merck have an agreement to share expenses and earnings from Cozaar ®. DuPont manufactures Cozaar ® and Merck markets the drug. Acquisitions and Joint Ventures Barr Laboratories (2000 – collaboration) development and co-marketing venture Kos Pharmaceuticals (2000 – collaboration) co-market cholesterol medication after FDA approval CombiChem Inc. (1999 – acquisition) acquired computational chemistry company ImaRx (1999 – acquisition) acquired ultrasound contrast intellectual property Pharmasset, Limited (1999 – collaboration) develop HIV and hepatitis B antiviral compounds The DuPont Merck Pharmaceutical Company (1998 – acquired Merck & Co. Inc.’s 50% interest) Mitotix — U.S. (1995 – collaboration) develop and market anticancer therapeutics Divestitures and Shutdowns Endo Laboratories, generics and branded multisource pharmaceuticals (1997) Aquadilla, Puerto Rico (1995) Coumatrak® protime test system (1995) D U P O N T 29 PIGMENTS & CHEMICALS Businesses Strategies DuPont White Pigment & Mineral Products ■ Strengthen cost and quality position through Six Sigma ■ Refine the basic TiO2 manufacturing technology through a chloride renewal project ■ Further differentiate the product offering to add significant value for our customers and their customers Jeffrey L. Keefer Vice President / General Manager DuPont Chemical Solutions Enterprise ■ Jeffrey A. Coe Vice President / General Manager DuPont Fluorochemicals Richard J. Angiullo Vice President / General Manager 30 D U P O N T Differentially manage a portfolio of targeted growth and cash generation businesses Competitive Strengths ■ Worldwide leading producer and supplier ■ Modern products and superior services ■ DuPont-developed proprietary and preferred chloride technology ■ Efficiencies of scale and raw materials ■ Customer-focused marketing ■ Applied surface and colloid science ■ Safe handling of hazardous chemicals and materials ■ Cost competitiveness through asset productivity ■ Build knowledge and unique value propositions in selected attractive market spaces ■ Strengthen cost position through Six Sigma ■ Grow high value-added specialty products ■ World leadership in fluorine-based chemicals ■ Strengthen cost position through Six Sigma ■ Strong manufacturing and global market presence ■ Technology leadership in both fundamental R&D and technical service DuPont Ti-Pure® TM DuPont Krytox® TM titanium dioxide DuPont Teflon® lubricants TM fabric protector DuPont Dymel® TM aerosol propellants DuPont Suva® TM refrigerants 2000 Business Unit Total Sales 2000 Segment Sales by Major Industry Fluorochemicals 17% Industrial 11% Other 1% Personal Care 4% Agriculture/Food 6% Mining 5% Chemical Solutions Enterprise 34% Chemical/ Petrochemical 17% Textile/Apparel 6% Plastics 9% Construction Materials 22% Paper 10% White Pigment & Mineral Products 49% Electronics 3% Motor Vehicle 2% Electrical Appliances 1% Home Furnishings 3% Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 3,907 262 3,660 237 3,659 228 715 714 185 3 342 633 634 190 2 317 578 574 232 (3) 335 1,693 44 166 1,814 63 144 1,737 62 189 D U P O N T 31 PIGMENTS & CHEMICALS Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors DuPont White Pigment & Mineral Products www.dupont.com/tipure www.dupont.com/tipure/starblast Ferric chloride Starblast® abrasives Ti-Pure® titanium dioxide Zircon Coatings Paper Plastics Sandblasting Edge Moor, DE Starke, FL DeLisle, MS New Johnsonville, TN Uberaba, Brazil Altamira, Mexico Kuan Yin, Taiwan Chlorine Coke Ilmenite Rutile Ishihara Kemira Oy Kerr-McGee Kronos (NL Industries) Millennium Inorganic Chemicals Tioxide (Huntsmen) DuPont Chemical Solutions Enterprise Specialty & Performance Chemicals www.chemoswed.com www.dupont.com/fluoroguard www.dupont.com/glycolicacid www.idiclo2.com www.dupont.com/lubricants www.dupont.com/oxone www.dupont.com/releasesystems www.dupont.com/tyzor www.dupont.com/vazo Anthium® chlorine dioxide 1Automotive 1Deepwater, NJ 1Acrylic esters 1Akzo solutions 1Chemical intermediates 1North Kingstown, RI 1Ammonia 1Asahi Glass 1Textile 1Memphis, TN 1Caustic 1Ausimont Fasloc® anchorage systems Fine and custom chemicals 1Belle, WV 1Formalin 1Clariant 5-Sulfoisophthalic acid 1Martinsburg, WV 1Hexafluoropropyleneoxide 1Daikin derivatives 1Malmö, Sweden 1Hydrogen cyanide 1Eastman 1Iodine 1Elf Atochem Fluoroguard® polymer additive 1Isophthalic acid 1ICI Glycolic acid 1Ketones 1Nippon Hydrazine 1Methanol 13M Krytox® lubricants 1Oleum Oxone® monopersulfate 1Polyester resins Permacote® mold release agents 1Tetrafluoroethylene 1Titanium tetrachloride Teflon® soil, rain and stain protectors Tyzor® organic titanates Vazo® initiators Zonyl® fluorochemical intermediates and surfactants Industrial Chemicals www.dupont.com/dms www.dupont.com/sodium www.dupont.com/specintermediates www.dupont.com/sulfurproducts Acrylonitrile Mining Wurtland, KY Ammonia Ammonia Polymer intermediates Burnside, LA Benzene Aniline Textile LaPlace, LA Caustic Aramid intermediates Deepwater, NJ Chlorine Dimethyl sulfate Niagara Falls, NY Hydrogen Hydrogen cyanide Fort Hill, OH Isophthalic acid Methylamines/ Memphis, TN Methane Methylamides Beaumont, TX Methanol Ortho phthaloyl chlorides James River, VA Natural gas Phenylenediamines Belle, WV Nitric acid Sodium cyanide Oleum Sodium/Lithium Sodium chloride Sulfur products Sulfur 32 D U P O N T Air Products BASF Bayer BP Chem First Cytec Degussa FMC General Chemical Metaux Olin Rhodia Principal Products Major Markets Major Plants DuPont Fluorochemicals www.dupont.com/dymel www.dupont.com/fire ww.dupont.com/suva www.dupont.com/vertrel www.dupont.com/zyron Dymel® aerosol propellants Fire extinguishants Formacel® blowing agents HCFC 22 refrigerants Suva® refrigerants Vertrel® cleaning agents Zyron® electronic gases Aerosol packaging Electronics Foams Precision cleaning Refrigeration Louisville, KY Deepwater, NJ Corpus Christi, TX Belle, WV Maitland, Canada Chiba, Japan Shimizu, Japan Dordrecht, The Netherlands Humberside, United Kingdom Major Raw Materials Acetylene Chloroform Hydrofluoric acid Methanol Perchloroethylene Significant Competitors Asahi Glass Atofina Chemicals Ausimont Daikin Great Lakes Honeywell Rhone-Poulenc Solvay 3M Acquisitions and Joint Ventures International Dioxide Inc. (IDI) — Rhode Island (2000 – acquisition) specialty chlorine dioxide TRA (The Release Answer) — Ohio (1999 – acquisition) mold release systems Noranda-DuPont Limited — (1998 – joint venture) sulfuric acid marketing and distribution DuPont-Ticor Limited — Australia (1996 – joint venture) sodium cyanide Malmö, Sweden (1996 – acquisition) pharmaceutical intermediates AUgment Technologies (1995 – joint venture) advanced mining technologies Hüls — Germany (1995 – acquisition) organic titanates and zirconates Divestitures and Shutdowns Anhydrous hydrogen fluoride joint venture with Quimica Fluor (2000) Ti-Pure® titanium dioxide — Antioch, CA (1998) Hydrogen peroxide — Tennessee, Canada, New Zealand (1997 and 1998) Ludox® colloidal silica — East Chicago, IN (2000) DuPont Safer Systems — U.S. (1997) Zelec® electroconductive powders (2000) EcoChem biodegradable polymers (1997) Fluorochemicals — Barra Mansa, Brazil (1999) Explosives — Mexico (1997) Fluorspar — Brazil (1999) Renewable resources joint ventures with ConAgra (1997) Industrial diamonds — Repauno, NJ (1999) Safety and environmental services — Deepwater, NJ (1997) Organosilanes — Deepwater, NJ (1999) Detaclad explosion bonded metals — Coatesville, PA (1996) Fiber finishes — Deepwater, NJ (1998) Aromatic intermediates — Deepwater, NJ (1995) Sodium nitrite — Repauno, NJ (1998) Butanediol (BDO) — Japan (1995) D U P O N T 33 PIONEER Businesses Strategies Competitive Strengths William F. Kirk Group Vice President Pioneer Hi-Bred International Inc. Richard L. McConnell President & CEO ■ Deliver increased yield in all crops through new hybrids and varieties ■ Increase the value of grain through plant genetics ■ Lead in genetic research and discovery in all major products ■ Strong discovery and product development capabilities based on chemical, biological and genetic sciences ■ High brand recognition and positive image ■ Strong farmer/customer relationships and interface ■ Continue close working relationship and interface with farmer/customer ■ ■ Capture value from increased productivity delivered through new products Marketplace knowledge and technical product knowledge ■ State-of-the-industry production system ■ Proprietary core germplasm base ■ Capitalize on cross-business-unit growth opportunities 2000 Segment Sales by Major Seed Type Hybrid Seed Corn 75% Soybean Seed 16% Other Plant Lines 9% Overview* (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 1,938 – 427 – 369 – 106 (195) 335 – (62) (100) (2,313) 85 20 (56) 5 5 – 8 6 6,817 – 112 7,937 – 786 1,008 999 – * In September 1997, DuPont purchased a 20 percent interest in Pioneer Hi-Bred International, Inc. and on October 1, 1999, acquired the remaining 80 percent interest. 34 D U P O N T Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Farming industry Feed industry Food industry Woodland, CA Algona, IA Reinbeck, IA Princeton, IL Tipton, IN Constantine, MI Jackson, MN Laurinburg, NC York, NE Grand Rapids, OH Weslaco, TX Salto, Argentina Narromine, Australia Itumbiara, Brazil Chatham, Canada Paine, Chile Aussonne, France Szarvas, Hungary Malang, Indonesia Sissa, Italy Culiacan, Mexico Adana, Turkey Juru, Zimbabwe Genes Germplasm Parent seed Aventis Dow Agrosciences Monsanto Syngenta www.pioneer.com Alfalfa seed Canola seed Corn seed Forage additives Sorghum seed Soybean seed Sunflower seed Wheat seed D U P O N T 35 POLYESTER ENTERPRISE Businesses Strategies Competitive Strengths George F. MacCormack Group Vice President Polyester Films ■ Francine P. Cheeseman Shaw Chairman & CEO DuPont Teijin Films DuPont Polyester Fibers, Resins & Intermediates Craig F. Binetti Vice President / General Manager 36 D U P O N T Drive global growth opportunities for customers from our DuPont Teijin Films joint venture and its industry-leading position in polyester films ■ Global leader in polyester film ■ Strong presence in all major regions of the world ■ Unmatched product portfolio to meet needs in all major market segments and leading-edge product development capability ■ Strong brand franchise (Mylar® and Melinex® polyester films) and customer relationships ■ Integrate the technical strengths of the new venture to deliver world-leading product and process innovation to customers ■ Partner with customers and enhance value through differentiated specialty product offerings ■ Strengthen total business performance through operational excellence and use of the Six Sigma processes ■ Build strong regional alliances to enhance competitive strengths ■ Diverse product lines and specialty businesses ■ Strengthen fiber brand franchises ■ ■ Drive growth opportunities in new segments with differential value opportunities Strong marketing and engineering expertise to meet customer needs ■ Strong technology base to develop new products and reduce cost of manufacture ■ Pipeline of new polyester process and product technologies ■ Consumer brand presence ■ World leader in polyester resin and PTA technology ■ Strong global position in PTA intermediates ■ Drive asset productivity and Six Sigma for operational efficiencies and lowest production costs ■ Build polyester knowledge business including technology development and licensing ■ Build higher value differentiated resins business ■ Commercialize new specialty polyester resin products DuPont ™ Biomax® and DuPont ™ Crystar® ■ Launch “Edge Packaging Technologies,” a solutions-focused initiative in container resins that integrates cross-company knowledge and capabilities DuPont Thermolite® TM DuPont CoolMax® TM insulation performance fabrics DuPont Teijin Films Mylar® TM polyester film DuPont Comforel® TM DuPont Micromattique TM TM sleep products microfiber polyester 2000 Business Unit Total Sales 2000 Segment Sales by Major Industry Aerospace/Aircraft 1% Polyester Films 42% Home Furnishings 13% Electrical Machinery 2% Electrical Appliances 2% Electronics 7% Motor Vehicle 4% Other – Packaging 22% Textile/Apparel 24% Health Care 2% Polyester Fibers, Resins & Intermediates 58% Other – Industrial 20% Personal Care 2% Plastics 1% Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 2,533 51 2,649 187 2,797 175 69 73 132 23 30 (39) (119) 226 (13) (40) (7) (228) 252 (1) (80) 2,752 1,337 43 2,679 770 126 3,142 174 706 D U P O N T 37 POLYESTER ENTERPRISE Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Kinston, NC Wilmington, NC Charleston, SC Suzhou, China Uentrop, Germany Monterrey, Mexico Pontypool, United Kingdom Dimethyl terephthalate (DMT) Ethylene glycol Terephthalic acid BASF Cookson Fiber Formosa/Nan Ya Hankook Honeywell KoSa Rhone-Poulenc/SNIA Texmaco Tongkook Tong Yang Toray Tuntex Wellman DMT DMT/PTA Ethylene glycol Methanol Paraxylene 2,6NDC Eastman Chemical KoSa Nan Ya Shell Wellman DuPont Fibers, Resins & Intermediates Fibers www.dupont.com/polyester/dacronhome.html Polyester fibers for Apparel fabrics and filling Home furnishings uses including Sporting goods Dacron®, Micromattique™, Thermax®, Hollofill®, Supriva®, CoolMax® and Thermolite®; Comforel® and Quallofil® for insulated apparel, sleeping bags and sleep products including pillows, comforters and mattress pads Resins & Intermediates Biomax® hydro/biodegradable polyester resin Crystar® specialty resin Dimethyl terephthalate (DMT) KalidarTM PEN resin Melinar® PET resin 38 D U P O N T www.dupont.com/polyester/resins Communications Fayetteville, NC Food and beverage Old Hickory, TN Packaging Kuan Yin, Taiwan Wilton, United Kingdom Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Fayetteville, NC Circleville, OH Florence, SC Old Hickory, TN Hopewell, VA Martinsville, VA Richmond, VA Foshan, China Ningbo, China Jakarta, Indonesia Gifu, Japan Ibaraki, Japan Sagamihara, Japan Utsunomiya, Japan Luxembourg Rozenburg, The Netherlands Dumfries, United Kingdom DMT DMT/purified terephthalic acid Ethylene glycol 2,6NDC Mitsubishi SKC Toray DuPont Teijin Films www.dupontteijinfilms.com Cronar® polyester photographic film base Kaladex® PEN film Melinex® polyester film Melinex® ECO® polyester film Mylar® polyester film Revval® reprocessed, coated film Teijin® Tetoron® PET polyester film Teonex® PEN polyester film Advertising and publishing Construction Electronics Medical and healthcare Packaging Photo arts Recording Transportation Acquisitions and Joint Ventures DuPont-Hongii Films Foshan Co. Ltd. — China (2000 – partnership with Ningbo Wuzhou Films Ltd.) polyester film DuPont SA — Greater Europe (2000 – joint venture) polyester fibers, resins and intermediates DuPont-Unifi — North Carolina (2000 – manufacturing alliance) polyester filament yarn DuPont Teijin Films — (1999 – joint venture) PEN and PET polyester films DuPont-Akra Polyester — Americas (1999 – joint venture) polyester staple ICI polyester films business — (1998 – acquisition) Melinex® and Kaladex® brand films ICI polyester resins and intermediates — (1997 – acquisition) Remo, Inc. — United States (1997) acquired minority interest DuPont Hongji Films Foshan Co., Ltd — China (1995 – joint venture) Mylar® polyester film DuPont Suzhou Polyester Co., Ltd. — China (1995 – joint venture) polyester fiber chip and filament yarn Divestitures and Shutdowns Chromium dioxide — Newport, Delaware (1999) Dacron® FDY polyester filament — North Carolina (1999) NuPet® recycled resin — Arden, North Carolina (1999) Dacron® and other polyester fibers — South Carolina and Australia (1998) Polyester regeneration facility — North Carolina (1998) D U P O N T 39 SPECIALTY POLYMERS Businesses Strategies Competitive Strengths DuPont i Technologies ■ John C. Hodgson Group Vice President/ General Manager DuPont Displays Technologies Accelerate new product innovation and introductions ■ Expand penetration in the Asia Pacific markets ■ Drive productivity using Six Sigma ■ Enter new markets that leverage core technology ■ Global market branding and access ■ Technology leadership and innovation, backed by strong patent position ■ Custom product development and broadbased customer solutions through technology and systems integration ■ Global manufacturing base ■ Strong technology base ■ World-scale, cost-effective fully integrated facilities ■ Strengthen critical competencies through alliances, joint ventures and acquisitions ■ Drive “small company” culture ■ Extend reach into related product / market segments ■ Expand presence in emerging economies ■ Further strengthen brands ■ ■ Expand offering through new technology advances Market /application development capabilities ■ Strong branded products; global market leadership Chester D. Pribonic Vice President/ General Manager DuPont Electronic Technologies David B. Miller Vice President/ General Manager DuPont Packaging & Industrial Polymers Terry Caloghiris Vice President/ General Manager DuPont Fluoropolymers Richard J. Angiullo Vice President/ General Manager DuPont Surfaces D U P O N T Develop new markets and applications to create new industry growth ■ World leadership in fluorine-based polymers ■ Strengthen alliances with end users ■ ■ Commercialize new process technology Strong manufacturing and global market presence ■ Grow high value-added specialty products ■ ■ Drive productivity, quality and asset flexibility through Six Sigma Technology leadership in both fundamental R&D and technical service ■ Highly recognized and valued global brands ■ Leading brand awareness position ■ Proprietary technology ■ Superior quality products ■ Integrated manufacturing advantage ■ Harry Parker Vice President/ General Manager 40 ■ Advance the market franchise with channel alignments ■ Target new market segments and applications ■ Reduce installed cost of manufacturing ■ Expand and tailor the offering DuPont Surlyn® Reflection Series TM TM DuPont Teflon® TM fluoropolymers DuPont SilverStone® TM kitchen tools DuPont Surlyn® TM packaging resin DuPont Corian® TM DuPont SentryGlas® Plus TM solid surfaces DuPont Holographics ionoplast interlayer 2000 Business Unit Total Sales 2000 Segment Sales by Major Industry DuPont Surfaces 11% Fluoropolymers 21% Packaging & Industrial Polymers 35% DuPont iTechnologies 33% Other – Industrial 7% Other – Packaging 7% Textile/Apparel 4% Aerospace/Aircraft 2% Plastics 16% Agriculture/Food 15% Chemical/ Petrochemical 2% Construction Materials 13% Motor Vehicle 9% Electrical Appliances 4% Electronics 19% Electrical Machinery 2% Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 4,508 196 4,255 152 4,040 155 713 713 175 41 391 666 668 172 27 365 606 596 165 12 356 2,374 266 243 2,330 248 270 2,167 237 264 D U P O N T 41 SPECIALTY POLYMERS Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors Hexafluoropropylene Oxydianiline Photopolymers Polyester film Polyimide coatings Polyimide film Precious metals Pyromellitic dianhydride Quartz glass Tetrafluoroethylene Agfa Asahi Chemical BASF Cabot Daikin Fuji Honeywell Imation Kaneka Fuchi MacDermid Rohm & Haas Shoei DuPont i Technologies www.dupont.com/dupontitechnologies Cromalin®, Dylux® and WaterProof® proofing systems Cyrel® flexographic printing plates Fodel® thick film photo printable compositions Green Tape™ low temperature co-fired ceramic Holographic optical elements and security & authentication holograms Kapton® polyimide film Mazin® colloidal silica slurry Microcircuit materials Oasis™ composite film Pyralin® polyimide coatings Pyralux® flexible laminates Rexon® flexible laminates Riston® photoresists Syton® colloidal silica slurry Circuitry Electronic insulation Electronics Printing DuPont Packaging & Industrial Polymers Clysar® polyolefin shrink film Elvanol® polyvinyl alcohol resins Ethylene copolymers: Bynel® coextrudable adhesive Elvaloy® polymer modifiers Elvax® ethylene vinyl acetate resins Nucrel® acid copolymer resins Surlyn® resins Vamac® ethylene acrylic elastomer Glass laminating products: Butacite® polyvinyl butyral interlayer SentryGlas® intrusion resistant composite SentryGlas® Plus security interlayer 42 D U P O N T Santa Barbara, CA Research Triangle Park, NC Parlin, NJ Circleville, OH Towanda, PA Bayport, TX Logan, UT Manati, PR Paulinia, Brazil Dongguan, China Shenzhen, China Neu Isenburg, Germany Luxembourg Mizushima, Japan Tokai, Japan Utsunomiya, Japan Ichon, Korea Hsinchu, Taiwan Taipei, Taiwan Bristol, United Kingdom Ruabon, United Kingdom www.dupont.com/industrial-polymers www.dupont.com/packaging www.dupont.com/safetyglass Adhesives Automotive Construction Leisure/sporting goods Packaging Textiles Wire and cable Clinton, IA Fayetteville, NC LaPorte, TX Orange, TX Victoria, TX Parkersburg, WV Sarnia, Canada LeTrait, France Uentrop, Germany Chiba, Japan Otake, Japan Ulsan, South Korea Dordrecht, The Netherlands Acetic acid Acrylic acid Butyraldehyde Ethylene Methacrylic acid Polyethylene Polypropylene Air Products Dow Elf Atochem Equistar Exxon HT Troplast Kuraray Reynolds Sealed Air Sekisui Solutia Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors DuPont Fluoropolymers www.dupont.com/silverstone www.dupont.com/tedlar www.dupont.com/teflon Nafion® ion exchange membranes Tedlar® PVF film Teflon® fluoropolymer Teflon®, SilverStone® and Autograph® nonstick coatings for cookware Teflon® for industrial coating applications Teflon® films Tefzel® fluoropolymer Aerospace Automotive Chemical handling and processing Data communications Housewares Semiconductor manufacture Parlin, NJ Buffalo, NY Fayetteville, NC Circleville, OH Parkersburg, WV Mechelen, Belgium Shenzhen, China Shimizu, Japan Dordrecht, The Netherlands Fluoropolymer dispersions HCFC 22 hydrochlorofluorocarbon Vinyl fluoride Akzo Nobel Asahi Chemical Asahi Glass Ausimont Daikin Dyneon Whitford Worldwide Alumina trihydrate Methyl methacrylate Quartz Formica Granite International Paper Premark DuPont Surfaces www.dupont.com/corian www.dupont.com/zodiaq Corian® solid surfaces IntegriSSM solutions Zodiaq® quartz surfaces Consumer goods Education Food service Home and architectural interiors Lodging Medical and healthcare Retail fixtures Buffalo, NY Toyama, Japan Anyang, Korea Thetford Mines, Canada Acquisitions and Joint Ventures DuPont Air Products Nano Materials L.L.C. — (2000 – joint venture) colloidal silica-based slurries Specialty Polymers — Antwerp, Belgium (2000 – joint venture with Borealis) ethylene copolymers manufacturing Uniax Corporation — California (2000 – acquisition) start-up company focused on polymer-OLED (organic light-emitting diode) display devices Krystal Holographics — Utah (1999 – acquisition) holographic optical elements and holograms Wirex Corp. — Hsinchu, Taiwan (1999 – 51% controlling interest) flexible laminant Granirex Inc. — Canada (1998 – acquisition) Corian® ingredients Hitachi Chemical DuPont MicroSystems L.L.C. — (1997 – joint venture) liquid polyimide Mitsubishi Rayon Co. — Japan (1996 – joint venture) Riston® dry film photoresists D U P O N T 43 SPECIALTY FIBERS Businesses Strategies Competitive Strengths DuPont™ Lycra® ■ Broaden market base ■ Strong brand recognition and influence ■ Increase perceived value ■ Global scale, reach and experience ■ Leverage global resources ■ Advantageous ingredient position ■ Reduce total system cost ■ Product/manufacturing/technical capability to deliver diverse solutions to meet customer needs ■ Multifiber linkage Steven R. McCracken Group Vice President/ General Manager DuPont Nonwovens ■ Build and grow “market franchises” ■ ■ Expand technology base to commercialize new offerings Globally positioned, high-technology, modern manufacturing facilities ■ Proprietary technology ■ Drive operational excellence ■ Brand equity ■ Drive expansion of aramid-based offerings into new market segments ■ Strong brand positions ■ Low-cost, vertically integrated manufacturing Keith R. McLoughlin Vice President/ General Manager DuPont Advanced Fiber Systems ■ Capitalize on brand equity ■ Build additional alliances for growth ■ Global presence and scale ■ Drive Six Sigma productivity programs ■ Superior technology ■ Cost-effective, market-driven solutions to meet customer needs Diane H. Gulyas Vice President/ General Manager 2000 Business Unit Total Sales 2000 Segment Sales by Major Industry Advanced Fiber Systems 26% Home Furnishings 1% Motor Vehicle 4% DuPontTM Lycra® 47% Construction Materials 7% Electrical Appliances 1% Plastics 4% Electrical Machinery 4% Other – Industrial 6% Textile/Apparel 56% Aerospace/Aircraft 2% Other – Packaging 4% Nonwovens 27% Personal Care 5% 44 D U P O N T Health Care 6% DuPont Sontara® TM wipes DuPont Kevlar® TM brand fiber DuPont CommercialWrap® TM DuPont Lycra® TM brand elastane DuPont Nomex® TM brand fiber Overview (dollars in millions) Total Segment Sales Intersegment Transfers After-Tax Operating Income–Underlying After-Tax Operating Income–Reported Depreciation and Amortization Equity in Earnings of Affiliates Provision for Income Taxes Segment Net Assets Affiliate Net Assets Expenditures for Long-Lived Assets 2000 1999 1998 3,452 73 3,448 80 3,296 86 690 690 227 28 325 731 732 229 28 361 662 659 230 25 363 2,669 176 233 2,735 135 251 2,574 134 361 D U P O N T 45 SPECIALTY FIBERS Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors DuPont™ Lycra ® www.dupont.com/lycra Lycra® brand elastane Activewear Footwear Intimate apparel Legwear Ready to wear Swimwear Lycra® Intermediates www.dupont.com/terathane Butanediol Coatings and sealants Consumer goods Terathane® polytetramethylene Sporting goods ether glycol (PTMEG) Tetrahydrofuran (THF) Waynesboro, VA Terathane® Mercedes, Argentina polytetramethylene Paulinia, Brazil ether glycol (PTMEG) Maitland, Canada Shanghai, China Shiga, Japan Monterrey, Mexico Dordrecht, The Netherlands Kerkrade, The Netherlands Singapore Maydown, United Kingdom Asahi Chemical BASF Bayer Globe Manufacturing Hyosung Tae Kwang Tongkook Toyobo Niagara Falls, NY LaPorte, TX Dordrecht, The Netherlands Asturias, Spain Acetylene Butanediol Methanol N-Butane Tetrahydrofuran Arco Chemical BASF BASF-Idemitsu GAF-Hüls Great Lakes Hodogaya ISP Mitsubishi Chemical Shinwha Tonen Polyester Polyethylene Polypropylene Wood pulp BBA JWS Kimberly Clark PGI Isophthaloyl chloride Metaphenylenediamine Paraphenylenediamine Polytetrafluoroethylene Terephthaloyl chloride Acordis Amoco BASF Hoechst/Celanese Honeywell Kuraray Lenzing Rhodia Teijin W. L. Gore DuPont Nonwovens www.dupont.com/nylon/stapleandtow/ Cambrelle® textiles Sontara® spunlaced products Tyvek® brand protective material Typar® high-strength spunbonded products Absorbents Carpeting Construction Envelopes/Packaging Footwear Graphics Home furnishings Medical and healthcare Protective apparel Old Hickory, TN Richmond, VA Shenzhen, China Utsunomiya, Japan Luxembourg Asturias, Spain Workington, United Kingdom DuPont Advanced Fiber Systems www.dupont.com/afs Kevlar® brand fiber Nomex® brand fiber and paper Teflon® brand fiber Aerospace and aircraft Automotive Electrical equipment Electronics Military/Law enforcement Protective apparel Telecommunications Richmond, VA Osaka, Japan Tokai, Japan Asturias, Spain Maydown, United Kingdom Acquisitions and Joint Ventures DuPont-Dayuan Nonwovens Fabric Co. Ltd. — China (1998 – joint venture) rayon and polyester-based spunlaced products DuPont-Teijin Advanced Fibers — Japan (1996 – joint venture) Nomex® fibers DuPont-Asahi FlashSpun Products Co. Ltd. — Japan (1995 – joint venture) Tyvek® brand roll goods and finished products DuPont Fibers (China) Ltd. — China (1995 – joint venture) Lycra® brand elastane yarn for Chinese market 46 D U P O N T OTHER Businesses Strategies Competitive Strengths Growth Initiatives This segment contains several growth initiatives such as DuPont Bio-Based Materials, DuPont Safety Resources, Corporate New Business Development and the Intellectual Assets Business, as well as DuPont Global Services Business and holdings from several of the company’s divested businesses. The DuPont Global Services Business unit offers corporate services and business process expertise through multifunctional teams that service the company and outside customers. Services range from engineering and transportation to marketing and staff functions. Ellen J. Kullman Group Vice President/General Manager DuPont Bio-Based Materials DuPont Safety Resources Corporate New Business Development Intellectual Assets Business In 2000 this segment represented less than 2 percent of total company sales. DuPont Bio-Based Materials ■ Build on DuPont science and materials expertise by integrating biology into the development and production of novel materials with superior functionalities that offer significant growth potential ■ Extensive expertise in microbial biology, genetics, plant biology and materials development DuPont Safety Resources ■ Commercially leverage DuPont safety expertise through integrated consulting partnerships and risk management offerings ■ World-leading expertise in safety risk management Corporate New Business Development ■ Identify, explore and enter new market spaces with novel technologies or concepts that create new solutions with significant market potential ■ Variety of knowledge platforms and routes-to-market can be leveraged for cost-effective exploration Intellectual Assets Business ■ Accelerate and optimize DuPont intellectual property value extraction through licensing and technology transfers ■ Expertise in intellectual property management combined with supporting portfolio of intellectual assets Divestitures and Shutdowns DuPont DePuy Orthopedics (1998) DuPont Lanxide Co. (1998) Hardcore DuPont Composites (1998) DuPont Photomasks, Inc. (1996 – partial IPO) photomasks for semiconductors Industrial imaging (nondestructive testing for architectural and engineering applications) (1995) D U P O N T 47 MAJOR GLOBAL SITES AND PRINCIPAL PRODUCTS DU (includes joint ventures and major affiliates) (dollars in millions, except per share) NORTH AMERICA Canada Ajax Chatham Kingston Maitland Thetford Mines Sarnia Mexico Altamira Culiacan Lerma Monterrey Salamanca Tlalnepantla Automotive finishes Agricultural seed Nylon fibers and high-tenacity yarns; nylon polymer; Zytel® and Minlon® nylon resins; tire cord fabrics Nylon intermediates, specialties and polymer; Suva® refrigerants; Zytel® and Minlon® nylon resins; Lycra® elastane Zodiaq® quartz surfaces Ethylene copolymers Ti-Pure® titanium dioxide Agricultural seed Crop protection Lycra® elastane; Dacron® polyester polymer and fibers; nylon yarns Nylon polymer Automotive finishes; engineering polymers SOUTH AMERICA Argentina Berazategui Spain Asturias Sweden Malmö Tetrahydrofuran (THF); Nomex® brand fiber; Sontara® spunlaced products; crop protection Pharmaceutical intermediates; fine and custom chemicals Switzerland Meyrin Research laboratories Turkey Adana Izmit Agricultural seed Nylon high-tenacity yarns and tire cord fabrics United Kingdom Bristol Dumfries Gloucester Humberside Maydown, Londonderry Peterborough Pontypool Ruabon Wilton Mercedes Salto Zytel® and Minlon® nylon resins; nylon high-tenacity yarns; tire cord fabrics Lycra® elastane and nylon yarns Agricultural seed Brazil Americana Camacari Itumbiara Nordeste Paulinia Sao Paulo Uberaba Nylon yarns Nylon high-tenacity yarns and polymer; tire cord fabrics Agricultural seed Zytel® nylon resin Lycra® elastane; Riston® photoresists Automotive finishes Ti-Pure® titanium dioxide AFRICA Chile Paine Agricultural seed Venezuela Valencia Automotive finishes China Dongguan Foshan Ningbo Qingdao Shanghai Shenzhen Workington Zimbabwe Juru Microcircuit materials Mylar®, Melinex® and Kaladex® PEN polyester films Nylon yarns and high-tenacity nylon yarns Dymel® aerosol propellants Lycra® elastane; Kevlar® brand fiber Soy-based consumer food products Dacron® and other polyester fibers Syton® and Mazin® colloidal silica slurries Nylon intermediates, specialties and polymer; Melinar® PET resin Cambrelle® textiles Agricultural seed ASIA PACIFIC Australia Girraween Narromine Crop protection Agricultural seed Protein isolates Teflon® and SilverStone® nonstick coatings; automotive finishes; engineering polymers and Tribon composites; Vespel® polyimide parts and shapes Suzhou Microcircuit materials Mylar® and Melinex® polyester films Polyester films Nylon high-tenacity yarns and tire cord fabrics Crop protection; Lycra® elastane Riston® photoresists; engineering polymers; Sontara® spunlaced products; Tyvek® brand protective material; Teflon® and SilverStone® nonstick coatings Dacron® and other polyester fibers Egypt Cairo India Madurai Savli Tynex® filaments Engineering polymers; crop protection Nylon tire cord fabric France Aussonne Cernay Chalampé Le Mans Le Trait Loon-Plage Montbrison Agricultural seed Crop protection Nylon intermediates, specialties and polymer Automotive and industrial finishes Packaging films and systems Crop protection Powder coatings Indonesia Citeureup Jakarta Malang Surabaya Nylon high-tenacity yarns and tire cord fabrics Polyester films Agricultural seed Crop protection EUROPE AND MIDDLE EAST Austria Guntramsdorf Belgium Ieper Mechelen Germany Cologne Muhlhausen Neu Isenburg Oestringen Stade Uentrop Automotive finishes and industrial coatings Japan Chiba Ibaraki Kawasaki Mihara Mizushima Osaka Otake Sagimihara Shiga Shimizu Tokai Toyama Utsunomiya Suva® refrigerants; ethylene copolymers Mylar® and Melinex® polyester films Neoprene synthetic rubber; Viton® fluoroelastomer Nylon yarns Kapton® polyimide film Nomex® brand paper Ethylene copolymers Polyester films Lycra® elastane Teflon® fluoropolymer; fluorochemicals Kapton® polyimide film; Kevlar® brand fiber Corian® solid surfaces Engineering polymers and Tribon composites; microcircuit materials; Riston® photoresists; Vespel® polyimide parts and shapes; Tyvek® brand protective material; polyester films Vaihingen Wuppertal Automotive and industrial finishes Nylon tire cord Riston® photoresists; Cyrel® flexographic printing plates Nylon yarns and fibers Tyrin® chlorinated polyethylene Engineering polymers; Butacite® polyvinyl butyral; Dacron® and other polyester fibers; nylon fibers and polymer Permatex® industrial coatings Automotive and industrial finishes Hungary Szarvas Agricultural seed Italy Bolzano Sissa Philippines Cabuyao Crop protection Crop protection Agricultural seed Republic of Korea Anyang Ichon Ulsan Corian® solid surfaces Riston® photoresists Butacite® polyvinyl butyral; engineering polymers Luxembourg Cronar® polyester photographic film base; Mylar® and Melinex® polyester films; engineering polymers; Tyvek® brand protective material; Typar® high-strength spunbonded products; Kapton® polyimide film The Netherlands Born Dordrecht Kerkrade Landgraaf 48 The Netherlands (continued) Rozenburg Nylon polymers; Zytel® and Minlon® nylon resins; Mylar® and Melinex® polyester films D U P O N T Zytel® and Minlon® nylon resins; Rynite® PET polyester resins Delrin® acetal resins; Lycra® elastane; Teflon® fluoropolymer; Viton® fluoroelastomer; Terathane® polytetramethylene ether glycol (PTMEG); ethylene copolymers; fluorochemicals Lycra® elastane Tynex® filaments Singapore Zytel® and Minlon® nylon resins; nylon intermediates, specialties, and polymer; Delrin® acetal resins; Lycra® elastane Taiwan Hsinchu Kuan Yin Lung Tan Taipei Rexon® flexible laminates Ti-Pure® titanium dioxide; nylon yarns; purified terephthalic acid (PTA) Crop protection Microcircuit materials Thailand Bangpoo Crop protection MAJOR UNITED STATES SITES AND PRINCIPAL PRODUCTS Alabama Mobile California San Diego Santa Barbara Woodland North Carolina (continued) Research Triangle Park Crop protection Pharmaceuticals research lab Polymer-OLED (organic light-emitting diode) display devices Agricultural seed Whiteville Wilmington Ohio Circleville Cleveland Fort Hill Grand Rapids Vespel® polyimide parts and shapes; Kapton® polyimide film; Mylar® and Melinex® polyester films; Teflon® fluoropolymer films; Tribon composites Tribon composites Sulfur products and specialty acids Agricultural seed Customer service center Oklahoma Pryor Protein isolates Research and development Pennsylvania Towanda Florida Starke Zircon; Starblast® abrasives Georgia Athens Nylon yarns and fibers Illinois El Paso Princeton South Carolina Camden Charleston Crop protection Agricultural seed Florence Indiana East Chicago Tipton Ludox® colloidal silica Agricultural seed Tennessee Chattanooga Iowa Algona Clinton Des Moines Fort Madison Reinbeck Agricultural seed Packaging films and systems Specialty grains and production systems Automotive finishes; ink jet inks Agricultural seed Wurtland Louisiana Burnside La Place Plaquemine ® Neoprene synthetic rubber; fluorochemicals; protein isolates Sulfur products and specialty acids Sulfur products and specialty acids Neoprene synthetic rubber; aramid intermediates Tyrin® chlorinated polyethylene; HDPE; Nordel® EPDM hydrocarbon rubber Massachusetts Billerica Radiopharmaceuticals and medical imaging agents Michigan Constantine Mount Clemens Agricultural seed Automotive finishes Minnesota Jackson Minneapolis Agricultural seed Soy-based consumer food products Mississippi De Lisle Ti-Pure® titanium dioxide Nebraska York Agricultural seed New Jersey Deepwater Parlin New York Buffalo Garden City Niagara Falls Rochester North Carolina Fayetteville Kinston Laurel Hill Laurinburg Electronic materials R&D and customer service center; flexible laminates Nylon tire cord Dacron® and other polyester fibers; dimethyl terephthalate Ti-Pure titanium dioxide; ferric chloride Vespel® polyimide parts and shapes Research Kalrez® perfluoroelastomer parts Nylon yarns, fibers and polymer parts Delaware Edge Moor Newark—Pencader Newark—Stine-Haskell Lab Newark—Tralee Park Seaford Wilmington— Chestnut Run Wilmington— Experimental Station Kentucky Louisville (includes joint ventures and major affiliates) Memphis New Johnsonville Old Hickory Texas Bayport Beaumont Corpus Christi Freeport Houston LaPorte Orange Victoria Westlaco Utah Logan Virginia Front Royal Hopewell Specialty and performance chemicals; fluorochemicals; elastomers; Hytrel® polyester elastomer; industrial chemicals Cyrel® flexographic printing plates; Teflon®, SilverStone® and Autograph® nonstick coatings; Pyralin® polyimide coatings; Cromalin®, Dylux® and WaterProof® proofing systems James River Martinsville Richmond Waynesboro West Virginia Belle Corian solid surfaces; Tedlar PVF film Pharmaceuticals Terathane® polytetramethylene ether glycol (PTMEG); sodium and lithium Ink jet inks Martinsburg Parkersburg Butacite® polyvinyl butyral; Nafion® ion exchange membranes; Melinar® PET and KalidarTM PEN resins Dacron® and other polyester fibers Nylon tire cord fabric Agricultural seed Puerto Rico Manati ® ® Riston® photoresists and Pyralux® flexible laminates; Cromalin®, Dylux® and WaterProof® proofing systems; Green Tape™ low temperature co-fired ceramic Nylon yarns, fibers and polymer Dacron® and other polyester fibers; Crastin® PBT polyester resins; Hytrel® polyester elastomer Mylar® and Melinex® polyester films; Cronar® polyester photographic film base Nylon yarns and polymer; Zytel® and Minlon® nylon resins; Zenite™ LCP liquid crystal polymer resins Hydrogen cyanide and derivatives; protein isolates; Oxone® monopersulfate Ti-Pure® titanium dioxide Sontara® spunlaced products; Crystar® specialty resin; dimethyl terephthalate (DMT); Biomax® hydro/biodegradable polyester resin Kapton® polyimide film Acrylonitrile, ammonia and aniline; Nordel® IP hydrocarbon rubber; Hypalon® chlorosulfonated polyethylene Suva® refrigerants; Formacel® blowing agents; Dymel® aerosol propellants Engage® polyolefin elastomer Powder coatings Lycra® intermediates; Elvanol® polyvinyl alcohol resins; crop protection; Terathane® polytetramethylene ether glycol (PTMEG) Nylon intermediates, specialties and polymer; ethylene copolymers Nylon intermediates, specialties and polymer; ethylene copolymers Agricultural seed Holographic optical elements and security authentication holograms Automotive finishes Mylar®, Melinex® and Kaladex® PEN polyester films Sulfur products and specialty acids Revval® reprocessed, coated film Mylar® and Melinex® polyester films; Tyvek® brand protective material; Kevlar® brand fiber; Nomex® brand fiber and paper; Teflon® brand fiber; Zytel® and Minlon® nylon resins Lycra® elastane and nylon fibers Crop protection; Dymel® aerosol propellants; methylamines/methylamides; dimethyl sulfate; glycolic acid; Vazo® initiators Fasloc® anchorage systems Teflon® and Tefzel® fluoropolymers; Butacite® polyvinyl butyral; 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 Pharmaceuticals; crop protection; microcircuit materials D U P O N T 49 DuPont Investor Relations Wilmington, DE 19898 (302) 774-4994 Fax: (302) 773-2631 Internet: www.dupont.com/corp/ir H-88662