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TRANSCRIPT
1 DuPont Leadership
2 2005 At a Glance
4 Corporate Financial DataCorporate HighlightsSegment InformationConsolidated Income StatementsConsolidated Balance SheetsConsolidated Statement of Cash FlowsSelected Additional Data
14 DuPont Core Values:Safety, Health, and the Environment
15 Industries, Regions, and Ingredients
16 DuPont Science & Technology
18 Business SegmentsAgriculture & NutritionCoatings & Color TechnologiesElectronic & Communication TechnologiesPerformance MaterialsSafety & ProtectionPharmaceuticals
39 Major Global Sites and Principal Products
Main Office Number: (302) 774-4994Fax: (302) 773-2631Internet: www.dupont.com
Contents
DuPont DATA BOOK has been prepared to assist financial analysts,portfolio managers, and others in understanding and evaluating thecompany. This book presents graphics, tabular, and other statistical dataabout the consolidated company and its business segments. The informationpresented in this book is generally included in, or can be calculated frominformation included in, previously published company reports on Forms10K, 10Q, and 8K. Dollars are in millions except per share or whereotherwise indicated. Most notes to financial statements are not included.This information is only a summary and should be read in conjunction withthe company’s audited consolidated financial statements and “Management’sDiscussion and Analysis,” which is located in the 2005 Annual Review onForm 10K filed with the Securities and Exchange Commission.
DuPont DATA BOOK is available on the Web at www.dupont.com.
The DuPont Oval Logo, DuPontTM, The miracles of science®, and all productsdenoted with TM or ® are trademarks or registered trademarks of E.I. du Pont deNemours and Company or its affiliates.
April 2006
Carl J. LukachVice President DuPont Investor Relations(302) 774-0001
Pamela R. Schools Investor RelationsCoordinator(302) 774-9870
David L. PeetDirector(302) 774-1125
Christine W. WeiManager(302) 774-0017
DuPontInvestor Relations
2005 DuPont Databook 1
Craig G. NaylorGroup Vice President DuPont Electronic &CommunicationTechnologies
James C. Borel*Senior Vice PresidentDuPont Human Resources
Charles O. Holliday, Jr. *Chairman of the Board and Chief Executive Officer
Alain J. P. Belda * ††Chairman and Chief Executive Officer,Alcoa Inc.
Richard H. Brown * †† †††Former Chairman and Chief Executive Officer, Electronic Data Systems
Curtis J. Crawford *** † ††President and Chief Executive Officer,XCEO, Inc.
John T. Dillon * † ††Retired Chairman and Chief Executive Officer, International Paper; Vice Chairman,Evercore Capital Partners
Louisa C. Duemling ** *** †††Retiring in April 2006.
Eleuthère (Thère) I. du PontPresident, Wawa, Inc.
Lois D. Juliber * † ††Retired Vice Chairman and Chief Operating Officer,Colgate-Palmolive Company
Masahisa Naitoh ** †††Chairman and Chief Executive Officer,The Institute of Energy Economics, Japan
Sean O’Keefe ** †Chancellor, Louisiana State University
William K. Reilly ** *** †††Founding Partner,Aqua International Partners, LP;Former Administrator,U.S. Environmental Protection Agency
H. Rodney Sharp, III *** † ††Retiring in April 2006.
Charles M. Vest ** *** †President Emeritus and Professor ofMechanical Engineering, Massachusetts Institute of Technology
Board Committees:† Audit†† Compensation††† Corporate Governance*** Science and Technology** Environmental Policy* Strategic Direction
*Member, Office of the Chief Executive
Board ofDirectors
SeniorLeaders
Terry CaloghirisGroup Vice PresidentDuPont Coatings & Color Technologies
Thomas M. Connelly, Jr.*Senior Vice President and Chief Science &Technology Officer
J. Erik FyrwaldGroup Vice President DuPont Agriculture & Nutrition
Richard R.Goodmanson*Executive Vice President& Chief Operating Officer
Diane H. GulyasChief Marketing & Sales Officer
John C. Hodgson*Senior Vice President &Chief Customer Officer
Charles O. Holliday, Jr.*Chairman & Chief Executive Officer
W. Donald JohnsonGroup Vice PresidentDuPont Global Operations
Jeffrey L. KeeferGroup Vice PresidentDuPont PerformanceMaterials
Ellen J. KullmanGroup Vice President DuPont Safety & Protection
Mathieu Vrijsen
President
DuPont Europe, Middle East
and Africa
Stacey J. Mobley*Senior Vice President,Chief Administrative Officer& General Counsel
Gary M. Pfeiffer*Senior Vice President& Chief Financial Officer
2
During 2005, DuPont maintained its leading position in biotechnology, safety and protection, and crop yield improvement, and continued
to execute its three growth strategies while overcoming a number of operational and business challenges. The most significant of
these challenges were record-high energy costs and the aftermath of two major hurricanes, Katrina and Rita. Management took
actions to increase pricing and improve productivity to offset these cost increases. In addition, management announced acceleration
actions to increase shareholder value.
DuPont 2005 At a Glance
JanuaryDuPont and The Dow Chemical Companyannounced that Dow elected to acquirecertain assets in DuPont Dow ElastomersLLC (DDE) on Dec. 31, 2004. As a result,DuPont purchased Dow’s remaining equityinterest in DDE.
DuPont donated over $1 million in cash andproducts in response to the earthquakeand tsunami in the Indian Ocean.
DuPont electronic materials helped keepMars Rovers operating one year afterlanding on Mars.
FebruaryThe United States Customs and BorderProtection Border Patrol signed a multi-year agreement with DuPont to outfit its agents with protective vestscontaining new DuPont™ Kevlar®
Comfort XLT™ technology.
DuPont™ Sorona®, the first DuPont polymer derived from a biological source,was recognized by the China StateIntellectual Property Office as the “MostVisionary Innovation.”
DuPont served as the premier sponsor ofthe XVII “World Congress on Safety andHealth at Work.”
MarchFortune magazine named DuPont #37 onthe 2005 Global Most Admired CompaniesAll Star list.
DuPont Aichi Coatings Laboratory celebrated groundbreaking in Japan. Thislaboratory services the growing coatingsbusiness with Japanese automakers andfacilitates customer approvals of tech-nologies and colors for use worldwide.
AprilDuPont Packaging & Industrial Polymersopened its first copolymer operation in
Asia Pacific. The facility, in Shenzhen,China, will produce DuPont™ Bynel® andDuPont™ Fusabond® adhesive resins.
DuPont signed a research agreementwith the National Chemical Laboratory(NCL) in Pune, India. The first researchprojects NCL developed were for theDuPont Titanium Technologies business.
DuPont increased its equity interest inMagellan Systems International. Magellanhas been working on next generationmaterial in protective applications, M5®,which contains the unique attributes of strength, stiffness and resistance tohigh temperatures.
DuPont increased its quarterly dividendfrom $.35 to $.37 per share.
MayMartin Drigotas, DuPont AutomotiveRefrigerants manager, was awarded theU.S. Environmental Protection Agency(EPA) Climate Protection Award as afounder of the Improved Mobile AirConditioning Cooperative ResearchProgram (IMAC).
DuPont and the Republic of Korea signedan agreement to build a $12 million nonwovens market development manufacturing facility in the province ofGyeong-gi, near Seoul.
DuPont contributed another $25 million tocontinue funding the DuPont MITAlliance (DMA) through 2010. DMA is aresearch program focused on creatinginnovative, next-generation materials.
JuneDuPont Senior Vice President and ChiefScience & Technology Officer Thomas M.Connelly, Jr. was presented the 2005“Award for Executive Excellence” as partof the Chemical Heritage Foundation“Heritage Day 2005” ceremonies.
DuPont purchased the ISCEON®
hydrofluorocarbon (HFC) refrigerantblends business from Rhodia. The ISCEON®
range of refrigerants comprises non-ozone-depleting blends used as a replacementfor ozone-depleting refrigerants in airconditioning, cold storage, domesticrefrigeration and process cooling.
JulyThe DuPont site in Lerma, Mexico, receivedthe Clean Industry Certification from theMexican government for its outstandingperformance and a continuous commitmentto reducing its environmental footprint.
DuPont sites in Corpus Christi, Sabine,LaPorte and Bayport, Texas were honoredfor their commitment to “Caring for Texas”by the Texas Chemical Council (TCC) atthe organization’s annual meeting.
AugustDuPont Qualicon and Applied BiosystemsGroup announced that they will jointly develop and market new BAX®
system applications for the food industry.Innovations in DNA technology fromApplied Biosystems will provide additionalcapabilities, strain discrimination and otherbenefits of great value to the food industry.
DuPont donated Personal Protectionproducts to agencies supportingHurricane Katrina relief and recoveryefforts in Mississippi, Louisiana andAlabama. DuPont Personal Protectionproducts contain Kevlar®, Nomex® andTyvek® high performance materials;Virkon® S disinfectant; RelyOn™ disinfec-tant wipes; and Solae® energy bars andsoy beverages.
DuPont celebrated the opening of a newsolid surfaces manufacturing site inGuangzhou, China.
2005 DuPont Databook 3
Stephanie Kwolek, inventor of DuPont™Kevlar®, was inducted into the NationalWomen’s Hall of Fame.
DuPont acquired 100 percent ownershipof DuPont Authentication Systems (DAS)from Keystone Technologies, LLC. DASprovides customers with complete overt,covert and forensic brand authenticationand security systems built around its Izon™deep, three-dimensional photopolymer-based labels.
DuPont and Tate & Lyle formed a jointventure to invest $100 million and build alarge-scale aerobic fermentation plant inLoudon, Tennessee to produce DuPont’sfirst bio-based material, Bio-PDO™.
SeptemberDuPont™ Kevlar® marked its 40th anniver-sary with a host of new and emerginginnovations, from an in-home storm shelter that helps provide protection fromhurricanes and tornadoes, to emergingultra-strong protective applications tosupport the “soldier of the future.”
DuPont was selected as a member of the2006 Dow Jones Sustainability Index.DuPont has been a member since theindex was launched in 1999.
DuPont made a $1 billion voluntary contribution to its principal U.S. Pensionand Retirement Plan.
DuPont announced its intention to raise prices further for all products inlight of rapidly increasing costs for energy and feedstocks.
OctoberDu Pont China Holding Company hosted anopening for DuPont (Shenzhen) IndustrialCo. Ltd. in Shenzhen Futian Free TradeZone. The opening marked the productionstartup of two new facilities—DuPontDisplay Enhancements and DuPont LiquidPackaging Systems.
DuPont was honored with the WorkingMother Award and inducted into theWorking Mother Hall of Fame.
DuPont announced that it is takingactions to repatriate approximately $9.4billion of cash under the American JobsCreation Act before year-end.
DuPont initiated a series of actions toincrease shareholder value and accelerateits growth and productivity strategies,including Capital Deployment,Productivity Advancement and GrowthAcceleration, including a $5 billion Share Repurchase program.
DuPont accelerated efforts to supplyDuPont™ Virkon® S veterinary disinfectantto help prevent avian flu from spreading.
NovemberMohawk Industries, Inc. announced anew line of residential carpet to the flooring industry—SmartStrand™ withDuPont™ Sorona® bio-based polymer.
DuPont signed an agreement for the construction of its titanium dioxide plantin Dongying city’s Economic DevelopmentZone, China.
Ellen Kullman, group vice president,DuPont Safety & Protection, was namedto Fortune magazine’s annual list of the50 Most Powerful Women in Business.
Herculex® XTRA Double-Stack InsectProtection was approved by the UnitedStates Environmental Protection Agency(EPA), following the recent registration ofHerculex® RW by EPA.
DuPont Corporate Economist Bob Shroudsand Senior Associate Economist RobertFry received the 2005 Lawrence R. KleinAward for Blue Chip Forecast Accuracy.
The 2005 Financial TimesPricewaterhouseCoopers’ “World’s Most Respected Companies” survey
ranked DuPont number 24 among allcompanies in the category “World,Community Commitment.”
DecemberDuPont placed first on BusinessWeek’sranking of “The Top Green Companies.”
DuPont announced that it has selectedSingapore for expected investment in twogrowth businesses—DuPont™ Zytel®
HTN high-performance polyamide andDuPont™ Vespel® parts and shapes.
U.S. Gulf Coast HurricanesThe company has 14 manufacturingplants located in the U.S. Gulf Coastregion that were affected by hurricanesKatrina & Rita in 2005. Ten plants hadminimal damage and resumed operationsquickly. Four plants, two in Mississippiand two in Texas, experienced seriousdamage to electrical systems, instrumentcontrols and computer-based electronicprocess control systems. All sites hadresumed operations by the end of thefirst quarter 2006.
Charges of $160 million were recorded in2005 for cleanup, repair, lost inventoriesand other hurricane-related costs.
Following the hurricanes, DuPont declared“force majeure” for several product linesof the Coatings and Color Technologies,Safety and Protection and PerformanceMaterials segments manufactured at fourof the impacted sites. Sales lost becauseof these hurricanes were estimated to be$350 million in 2005.
DuPont managed through the hurricaneswhile ensuring all employees were safe andall sites remained environmentally secure.
DuPont donated over $1.3 million in cashand products, and our employees another$300,000, to support community relief andrecovery efforts.
Photos: (Far left) DuPont receivedits 7 millionth U.S. patent on anindustrial biotechnology process.(Middle) Latin-American farmers increase crop yield with the help of DuPont. (Left) DuPont™ Building Innovations™ provides environmen-tally sustainable building solutions.
4
2005 2004Operating Results Net sales $26,639 $27,340
Income 1 2,053 1,780Net income(loss) 2,053 1,780Income before significant items 1 2,329 2,393Depreciation 1,128 1,124EBIT 3,876 1,687EBITDA 5,201 3,000Cash provided by operating activities 2,542 3,231Capital expenditures 1,406 1,298Research and development expense 5 1,336 1,333
Financial Position, Total assets $33,250 $35,632Year End Working capital 4,959 7,272
Total debt 8,180 6,485-6
Stockholders’ equity 8,907 11,377Data Per Common Share Income 1, 7 $2.07 $1.77
Net income (loss) 7 $2.07 $1.77Income before significant items 1, 7 $2.34 $2.38Dividends $1.46 $1.40Market price – year-end close $42.50 $49.05
high-low range $54.90 – $37.60 $49.39 – $39.88Book value at year-end $9.43 $11.20Average number of shares (millions) – diluted 989 1,003Shares outstanding – year-end (millions) 920 994
Ratios Total stockholder return (10.4)% 9.9%Dividend yield 8 3.4% 2.9%Share price (decrease) increase (13.4)% 6.9%
P/E on income before significant items 1, 8 18 21Dividend payout, as percentage of earnings per share
before significant items 1 62.4% 58.8%Return on average stockholders’ equity before significant items 1 20.6% 23.0%Return on average investors’ capital before significant items 1 12.7% 12.3%Asset Turnover Ratio 80% 77%Cash provided by operating activities as percentage of total debt 6 31.1% 49.8%Debt to total capital 6 46.5% 34.2%Interest coverage ratio 10 11.1 11.5Current ratio 6 1.7 1.9Exchange Loss – net of tax $ (38) $ (51)
Employees Number of employees – year-end (thousands) 60 60
Corporate Highlights (dollars in millions, except per share)
Corporate Financial Data
Use of Non-GAAP Measures
Management believes that measures of earnings before significant items (“non-GAAP” information) are meaningful to investors because theyprovide insight with respect to ongoing operating results of the company. Significant items represent significant charges or credits that areimportant to an understanding of the company’s ongoing operations. The use of other non-GAAP financial measures includes Earningsbefore Interest, Income Taxes and Minority Interests (“EBIT”), as defined by the company, and Earnings before Interest, Income Taxes,Minority Interests, Depreciation and Amortization (“EBITDA”), which are intended to help investors to better evaluate the financial results ofthe company. Certain non-GAAP measures have been adjusted to best reflect the on-going performance of the company and are identified inthe reconciliations. Such measures are not recognized in accordance with generally accepted accounting principles in the United States ofAmerica (GAAP) and should not be viewed as an alternative to GAAP measures of performance. A reconciliation of non-GAAP measures toGAAP is provided on the Web at www.dupont.com. For complete details of significant items, see DuPont’s quarterly earnings news releases.
1 Before cumulative effect of changes in accounting principles.2 Includes a cumulative effect of a change in accounting principle charge of $29 and
$0.03 per share (diluted).3 Includes a cumulative effect of a change in accounting principle charge of $2,944 and
$2.95 per share (diluted).4 Includes a cumulative effect of a change in accounting principle benefit of $11 and
$.01 per share (diluted).5 Excludes purchased in-process research and development.
6 Includes related assets and/or liabilities classified as held for sale within theConsolidated Balance Sheet.
7 Diluted, based on average number of common shares.8 Based on year-end share price.9 Ratio excludes increase in tax payments related to sale of DuPont Pharmaceuticals.
10 Income before significant items and income taxes, plus the sum of interest expenseand amortization of capitalized interest less interest income, divided by the sum ofinterest expense and capitalized interest less interest income.
2005 DuPont Databook 5
2003 2004
(dollars) (dollars in millions)
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00 $3,500
2001 2002 2004 20052001 2002 2003
$700
$1,400
$2,100
$2,800
2005
Earnings Per Share – DilutedBefore Significant Items
Cash Returned to Shareholders
Cash Provided By Operating Activities
Stockholder Return DuPont S&P 500
Dividend Yield1 3.2% 1.6%
Share Price Annual Appreciation2 (2.5)% (1.1)%
Total Annual Return2, 3 0.7% 0.5%
Dividend Growth2 0.8% 6.4%
Five-Year Performance 2001 –2005
Stockholder Return DuPont S&P 500
Dividend Yield1 2.8% 1.5%
Share Price Annual Appreciation2 2.0% 7.3%
Total Annual Return2, 3 4.9% 9.1%
Dividend Growth2 3.7% 4.6%
1. Average annual dividend yield based on year-end stock price over the period shown. 2. Compounded annual growth rate over the period shown. 3. Includes reinvestment of dividends.
Ten-Year Performance 1996–2005
2003 2002 2001$26,996 $24,006 $24,726
1,002 1,841 4,328973-2 (1,103) 3 4,339-4
1,669 2,009 1,2511,355 1,297 1,320
407 2,343 7,3021,938 3,799 8,9952,589 2,439 2,4541,784 1,416 1,6341,349 1,264 1,588
$37,039 $34,621 $40,3195,419 6,363 6,734
10,479-6 6,832 6,8149,781 9,063 14,452$0.99 $1.84 $4.15$0.96-2 $(1.11)-3 $4.16-4
$1.66 $2.00 $1.19$1.40 $1.40 $1.40
$45.89 $42.40 $42.51$46.00 – $34.71 $49.80 – $35.02 $49.88 – $32.64
$9.57 $8.88 $14.201,000 999 1,041
997 994 1,00211.5% 3.0% (9.1)%3.1% 3.3% 3.3%8.2% (0.3)% (12.0)%28 21 36
84.3% 70% 117.6%17.9% 17.4% 9.4%9.0% 10.6% 6.8%73% 69% 61%
24.7% 65.1%-9 36.0%50.3% 37.3% 28.8%
7.9 9.7 4.71.2 1.9 1.8
$ (3) $ (99) $ (15)81 79 79
2003 20042001 2002 2005
(dollars in millions)
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
Share Repurchase
Dividends
6
Corporate Financial Data
Segment Information (dollars in millions)
2005 2004 2003Segment Sales 1
Agriculture & Nutrition $ 6,394 $ 6,244 $ 5,468Coatings & Color Technologies 6,234 6,028 5,503Electronic & Communication Technologies 3,506 3,279 2,892Performance Materials 4 6,750 6,633 5,376Safety & Protection 5,230 4,696 4,077Textiles & Interiors 5 N/A 3,250 6,937Other 52 44 15
Total segment sales 28,166 30,174 30,268
Elimination of transfers (294) (553) (940)Elimination of equity affiliate sales (1,233) (2,281) (2,332)
Net sales $26,639 $27,340 $26,996
Segment Pretax Operating Income – Before Significant Items
Agriculture & Nutrition $ 862 $ 803 $ 607Coatings & Color Technologies 677 814 731Electronic & Communication Technologies 484 367 181Performance Materials 531 630 410Pharmaceuticals 751 681 548Safety & Protection 1,002 907 805Textiles & Interiors N/A 142 (1)Other (117) (139) (143)
Total segment pretax operating income – before significant items 4,190 4,205 3,138
Exchange gains and losses 445 (411) (220)Corporate expenses and interest (1,049) (932) (930)Income before significant items, income taxes, and minority interests 2 3,586 2,862 1,988Net significant items 3 (28) (1,420) (1,845)
Income before income taxes and minority interests 2 $ 3,558 $ 1,442 $ 1431 Sales include transfers and pro rata share of equity affiliate sales.2 Before cumulative effect of changes in accounting principles.3 For complete details of significant items, see DuPont’s quarterly earnings news releases.4 Performance Materials 2004 sales include the benefit from the consolidation of DuPont Dow Elastomers (DDE) in April 2004.5 Textiles & Interiors 2004 sales reflect the divestiture of INVISTA in April 2004.
DuPont’s Share of Equity Affiliate Sales
DuPont’s Share of Equity Affiliate Earnings
2005 2004 2003 2005 2004 2003Equity Affiliate AnalysisAgriculture & Nutrition $ 76 $ 79 $ 152 $ (2) $ (4) $ (7)Coatings & Color Technologies 27 46 71 1 3 3Electronic & Communication Technologies 251 284 233 37 29 8Performance Materials 794 876 1,143 29 (100)-1 9Safety & Protection 85 64 58 17 13 14Textiles & Interiors N/A 932 675 N/A 71 (277)-2
Other – – – 9 (2) –Total segments $1,233 $2,281 $2,332 $ 91 $ 10 $ (250)
1 Includes a charge of $150 for antitrust litigation matters associated with DuPont Dow Elastomers LLC which was accounted for as an equity affiliate until April 30, 2004.2 Includes impairment charge of $293 in connection with the planned separation of INVISTA.
2005 DuPont Databook 7
2005 20041st 2nd 3rd 4th Full Yr. 1st 2nd 3rd 4th Full Yr.
Segment Sales 1
Agriculture & Nutrition $ 2,356 $2,102 $ 997 $ 939 $ 6,394 $ 2,201 $ 2,076 $ 969 $ 998 $ 6,244Coatings & Color Technologies 1,536 1,640 1,545 1,513 6,234 1,417 1,560 1,476 1,575 6,028Electronic & Communication Technologies 854 933 875 844 3,506 816 845 815 803 3,279Performance Materials 1,785 1,836 1,539 1,590 6,750 1,519 1,703 1,672 1,739 6,633Safety & Protection 1,282 1,388 1,268 1,292 5,230 1,089 1,169 1,185 1,253 4,696Textiles & Interiors N/A N/A N/A N/A N/A 1,883 826 286 255 3,250Other 12 13 14 13 52 12 13 12 7 44
Total segment sales $ 7,825 $7,912 $6,238 $6,191 $28,166 $ 8,937 $ 8,192 $ 6,415 $ 6,630 $30,174Segment Pretax
Operating Income – Before Significant ItemsAgriculture & Nutrition $ 757 $ 511 $ (134) $ (272) $862 $ 631 $ 482 $ (183) $ (127) $ 803Coatings & Color Technologies 166 194 155 162 677 189 214 179 232 814Electronic & Communication Technologies 105 163 129 87 484 92 87 97 91 367Performance Materials 211 187 79 54 531 156 171 160 143 630Pharmaceuticals 159 192 197 203 751 148 174 173 186 681Safety & Protection 231 283 278 210 1,002 231 234 216 226 907Textiles & Interiors N/A N/A N/A N/A N/A 150 15 (14) (9) 142Other (21) (32) (13) (51) (117) (33) (48) (25) (33) (139)
Total segment pretax operatingincome – before significant items 1,608 1,498 691 393 4,190 1,564 1,329 603 709 4,205
Exchange gains and losses 111 183 71 80 445 (13) (76) (22) (300) (411)Corporate expenses and interest (225) (240) (266) (318) (1,049) (213) (229) (226) (264) (932)
Income before significant items 2 1,494 1,441 496 155 3,586 1,338 1,024 355 145 2,862Pretax Impact of Significant Items 2
Textiles & Interiors – related items – 39 – – 39 (345) (183) (102) (37) (667)DDE – related items – 3 – – 3 – – – (118) (118)Employee separation activities
and asset impairment charges – – – – – – (433) – 22 (411)Hurricane losses – – (146) – (146) – – – – –Sale of Photomasks stock – 48 – – 48 – – – – –Litigation costs – – – – – (186) (45) (63) 20 (274)Other – 28 – – 28 – – 35 15 50
Net impact of significant items 0 118 (146) 0 (28) (531) (661) (130) (98) (1,420)Income before income taxes and
minority interests $ 1,494 $ 1,559 $ 350 $ 155 $ 3,558 $ 807 $ 363 $ 225 $ 47 $ 1,442
2005 20041st 2nd 3rd 4th Full Yr. 1st 2nd 3rd 4th Full Yr.
Earnings Per Share ofCommon Stock – Diluted 3
Income before significant items $ 0.96 $ 0.90 $ 0.33 $ 0.13 $ 2.34 $ 0.96 $ 0.80 $ 0.25 $ 0.37 $ 2.38Significant items 0.00 0.11 (0.42) 0.03 (0.27) (0.30) (0.30) 0.08 (0.09) (0.61)Income (loss) $ 0.96 $ 1.01 $ (0.09) $ 0.16 $ 2.07 $ 0.66 $ 0.50 $ 0.33 $ 0.28 $ 1.77
1 Sales include transfers and pro rata share of equity affiliate sales.2 For complete details of significant items, see DuPont’s quarterly earnings news releases.3 Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations.
8
Corporate Financial Data
Consolidated Income Statements(dollars in millions, except per share)For the year ended December 31 2005 2004 2003 2002 2001
Net sales $26,639 $27,340 $26,996 $24,006 $24,726Other income, net 1 1,852 655 734 516 644Total 28,491 27,995 27,730 24,522 25,370Cost of goods sold and other operating charges 19,701 20,416 20,759 17,529 17,980Selling, general and administrative expenses 3,223 3,141 3,067 2,763 2,992Amortization of intangible assets 230 223 229 218 434Research and development expense 1,336 1,333 1,349 1,264 1,588Interest expense 518 362 347 359 590Employee separation activities and asset impairment
charges (credits) (13) 411 (17) 290 1,078Separation activities – Textiles & Interiors (62) 667 1,620 – –Goodwill impairment – Textiles & Interiors – – 295 – –Gain on sale of interest by subsidiary – nonoperating – – (62) – –Gain on sale of DuPont Pharmaceuticals – – – (25) (6,136)
Total 24,933 26,553 27,587 22,398 18,526Income before income taxes and minority interests 3,588 1,442 143 2,124 6,844Provision for (benefit from) income taxes 1,468 (329) (930) 185 2,467Minority interests in earnings (losses) of
consolidated subsidiaries 37 (9) 71 98 49Income before cumulative effect of changes in
accounting principles 2,053 1,780 1,002 1,841 4,328Cumulative effect of changes in accounting principles,
net of income taxes – – (29) (2,944) 11Net income (loss) $ 2,053 $ 1,780 $ 973 $ (1,103) $ 4,339Diluted earnings (loss) per share of common stock
Income before cumulative effect of changes in accounting principles $ 2.07 $ 1.77 $ 0.99 $ 1.84 $ 4.15
Cumulative effect of changes in accounting principles – – (0.03) (2.95) .01Net income (loss) $ 2.07 $ 1.77 $ 0.96 $ (1.11) $ 4.16
1 Other income, net:
Cozaar®/Hyzaar® income $ 747 $ 675 $ 573 $ 469 $ 321
Royalty income 130 151 141 128 155
Interest income, net of miscellaneous interest expense 244 188 70 97 146
Equity in (losses) earnings of affiliates 108 (39) 10 36 (43)
Net gains on sales of assets 82 28 17 30 47
Net exchange gains (losses)* 423 (391) (134) (294) (29)
Miscellaneous income and expenses – net 118 43 57 50 47
Total Other income, net $ 1,852 $ 655 $ 734 $ 516 $ 644
* 2005 includes net pretax exchange gains of $423; 2004 and 2003 include net pretax exchange losses of $391 and $164, respectively, which resulted from hedging an increased net monetaryasset position and a weakening U.S. dollar. These pretax gains and losses are largely offset by associated tax benefits. See pages 4 and 5 for Exchange Loss, net of tax.
Consolidated Balance Sheets(dollars in millions)December 31 2005 2004 2003 2002 2001
AssetsCurrent assets
Cash and cash equivalents $ 1,736 $ 3,369 $ 3,273 $ 3,678 $ 5,763Marketable debt securities 115 167 25 465 85Accounts and notes receivable, net 4,801 4,889 4,218 3,884 3,903Inventories 4,743 4,489 4,107 4,409 4,215Prepaid expenses 199 209 208 175 217Income taxes 828 1,557 1,141 848 618Assets held for sale – 531 5,490 – –
Total current assets 12,422 15,211 18,462 13,459 14,801Property, plant and equipment 24,963 23,978 24,149 33,732 33,778
Less: Accumulated depreciation 14,654 13,754 14,257 20,446 20,491Net property, plant and equipment 10,309 10,224 9,892 13,286 13,287
Goodwill 2,087 2,082 1,939 1,167 3,746Other intangible assets 2,684 2,848 2,986 3,109 3,151Investment in affiliates 844 1,034 1,304 2,047 2,045Other assets 4,904 4,233 2,456 1,553 3,289
Total $33,250 $35,632 $37,039 $34,621 $40,319Liabilities and Stockholders’ EquityCurrent liabilities
Accounts payable $ 2,819 $ 2,661 $ 2,341 $ 2,636 $ 2,176Short-term borrowings and capital lease obligations 1,397 936 5,914 1,185 1,464Income taxes 280 192 60 47 1,295Other accrued liabilities 2,967 4,054 3,034 3,228 3,132Liabilities held for sale – 96 1,694 – –Total current liabilities 7,463 7,939 13,043 7,096 8,067
Long-term borrowings and capital lease obligations 6,783 5,548 4,301 5,647 5,350Other liabilities 8,441 8,692 8,909 9,829 8,447Deferred income taxes 1,166 966 508 563 1,579
Total liabilities 23,853 23,145 26,761 23,135 23,443Minority interests 490 1,110 497 2,423 2,424Stockholders’ equity 8,907 11,377 9,781 9,063 14,452
Total $33,250 $35,632 $37,039 $34,621 $40,319
2005 DuPont Databook 9
Consolidated Statements of Cash Flows(dollars in millions)For the year ended December 31 2005 2004 2003 2002 2001
Operating activitiesNet income (loss) $ 2,053 $1,780 $ 973 $(1,103) $4,339Adjustments to reconcile net income (loss) to cash
provided by operating activities:Cumulative effect of changes in accounting principles – – 29 2,944 (11)Depreciation 1,128 1,124 1,355 1,297 1,320Amortization of intangible assets 230 223 229 218 434Separation activitites – Textiles & Interiors (62) 667 1,620 – –Goodwill impairment – Textiles & Interiors – – 295 – –Contributions to pension plans (1,253) (709) (460) (172) (171)Gain on sale of DuPont Pharmaceuticals – – – (25) (6,136)Other operating activities – net (388) 774 334 833 1,000(Increase) decrease in operating assets:
Accounts and notes receivable (74) (309) (852) 468 435Inventories and other operating assets 203 569 335 (304) (191)
Increase (decrease) in operating liabilities: Accounts payable and other operating liabilities (408) (28) (51) (158) (408)Accrued interest and income taxes 1,113 (860) (1,218) (1,559) 1,843
Cash provided by operating activities 2,542 3,231 2,589 2,439 2,454Investing activities
Purchases of property, plant and equipment (1,340) (1,232) (1,713) (1,280) (1,494)Investments in affiliates (66) (66) (71) (136) (140)Payments for businesses net of cash acquired (206) (119) (1,527) (697) (78)Proceeds from sale of assets, net of cash sold 312 3,908 17 74 8,051Purchase of beneficial interest in securitized trade receivables – – (445) – –Maturity/repayment of beneficial interest
in securitized trade receivables – – 445 – –Net decrease (increase) in short-term financial instruments 36 (137) 458 (318) (2)Forward exchange contract settlements 653 (509) (631) (264) 93Other investing activities – net 9 91 92 29 (117)
Cash (used for) provided by investing activities (602) 1,936 (3,375) (2,592) 6,313Financing activities
Dividends paid to stockholders (1,439) (1,404) (1,407) (1,401) (1,460)Net (decrease) increase in short-term
(less than 90 days) borrowings (494) (3,853) 3,792 607 (1,588)Long-term and other borrowings:
Receipts 4,311 1,601 553 934 904Payments (2,045) (1,555) (954) (1,822) (2,342)
Acquisition of treasury stock (3,530) (457) – (470) (1,818)Proceeds from exercise of stock options 359 197 52 34 153Increase in minority interests – – – – 1,980Redemption of minority interest structures – – (2,037) – –Other financing activities – net (13) (79) 32 – –
Cash (used for) provided by financing activities (2,851) (5,550) 31 (2,118) (4,171)Net cash flow from discontinued operations 1 – – – – (110)Effect of exchange rate changes on cash (722) 404 425 186 (263)(Decrease) increase in cash and cash equivalents $(1,633) $ 21 $ (330) $(2,085) $4,223Cash and cash equivalents at beginning of year 3,369 3,348 3,678 5,763 1,540Cash and cash equivalents at end of year $ 1,736 $3,369 $3,348-2 $ 3,678 $5,763Supplemental cash flow information:Cash paid during the year for
Interest, net of amounts capitalized $ 496 $ 366 $ 357 $ 402 $ 641Taxes 355 521 278 1,691 456
1 Includes payments of direct expenses related to the Conoco divestiture.2 Includes cash classified as assets held for sale within the Consolidated Balance Sheet.
10
Corporate Financial Data
Selected Additional Data2005 2004 2003 2002 2001
Effective Income Tax RateStatutory U.S. federal income tax rate 35.0% 35.0% 35.0% 35.0% 35.0%Exchange gains/losses 1 9.4 (14.9) (85.5) (5.6) 0.2The American Jobs Creation Act (AJCA) 2 8.2 – – – –Lower effective tax rates on international operations – net (7.5) (20.8) (149.3) (13.8) (1.0)Domestic operations (1.4) 1.2 (49.2) (1.7) 1.0Tax settlements (1.4) (9.5) – – –Lower effective tax rate on export sales (1.0) (3.3) (23.8) (2.2) (0.6)DDE Litigation – 5.2 – – –Separation charges – Textiles & Interiors – (6.2) 83.8 – –Tax basis investment losses on foreign subsidiaries 3 – (9.5) (467.5) – –State taxes – – 6.2 (0.7) 1.4Postemployment costs – – – (2.3) –
Effective income tax rate 41.3% (22.8)% (650.3)% 8.7% 36.0%1 Principally reflects the benefit of non-taxable exchange gains resulting from remeasurement of foreign currency denominated monetary assets and liabilities.2 Reflects the tax impact with the repatriation of $9.1 billion under AJCA.3 Reflects recording deferred tax assets in two European subsidiaries for tax basis investment losses to be recognized on local tax returns.
2005 2004 2003 2002 2001As a percentage of net sales:
Cost of goods sold and other operating charges 74% 75% 77% 73% 73%Selling, general and administrative expenses 12 11 11 12 12Research and development expenses 5 5 5 5 6Income before significant items 9 9 6 8 5Cash provided by operating activities 10 12 10 10 10
Selected Additional Data Annual percent change in net sales versus prior year* 5% 11% 9% 1% (10)%
Portion due to U.S. dollar selling prices 6 5 4 (3) (2)Portion due to volume and mix* (1) 6 5 4 (8)
Average manufacturing capacity utilization 82% 84% 80% 81% 78%* Percentage changes are calculated using sales adjusted to exclude current-year sales from acquisitions when there are no comparable prior-year sales, and to exclude prior-year sales
of businesses that have been divested. Percentage changes in 2004 and 2005 are adjusted for changes in ownership of DuPont Dow Elastomers LLC.
2005 DuPont Databook 11
Net Sales Outside the United States as a Percentage of Sales 2005 2004 2003
Agriculture & Nutrition 55% 55% 53%Coatings & Color Technologies 69 68 66Electronic & Communication Technologies 63 64 58Performance Materials 60 59 58Safety & Protection 42 40 39Textiles & Interiors N/A 57 55
Total 58% 57% 55%
Exports from the United States2005 2004 2003
Net sales (dollars in millions) $6,575 $6,393 $5,226As a percentage of net sales 25% 23% 19%
Base Income Tax Rate2005 2004 2003
Full Year 23.5% 25.0% 21.0%
Selected Additional Data(dollars in millions, except per share)
2005 2004 2003Financial Results by QuarterNet sales
1st $ 7,431 $ 8,073 $ 7,0082nd 7,511 7,527 7,3693rd 5,870 5,740 6,1424th 5,827 6,000 6,477
Total $26,639 $27,340 $26,996Income before significant items 1
1st $ 967 $ 964 $ 6152nd 904 805 6233rd 333 253 1354th 125 371 296
Total $ 2,329 $ 2,393 $ 1,669Earnings before significant items per share of common stock – diluted 1, 2
1st $ 0.96 $ 0.96 $ 0.612nd 0.90 0.80 0.623rd 0.33 0.25 0.134th 0.13 0.37 0.29
Total $ 2.34 $ 2.38 $ 1.66Fixed cost as a percentage of sales
1st 40.0% 41.9% 44.3%2nd 40.5% 42.2% 44.8%3rd 48.9% 48.9% 53.2%4th 51.2% 48.9% 51.0%
Total 44.6% 45.2% 48.0%1 Before cumulative effect of changes in accounting principles.2 Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations.
12
Corporate Financial Data
2005 DuPont Databook 13
DuPont Sales Volume – Worldwide DuPont Local Selling Prices – Worldwide
Selling Price % Change from Prior Year
Year WorldwideUSD Local
2001 (2) 02002 (2) (3)2003 5 02004 5 22005 6 5
Sales Volume % Change from Prior Year*
Year Worldwide
2001 (8)2002 62003 42004 62005 (1)
2005 Selling Price %Change from Prior Year
Qtr WorldwideUSD Local
1st 7 52nd 8 63rd 6 44th 4 5Year 6 5
2005 Sales Volume % Change from Prior Year
Qtr Worldwide
1st 22nd –3rd (1)4th (4)Year (1)
Price and Volume* Change Summary
Index 4qma (1999=100 Right)Yr/Yr % Change (Left)
-10
-8
-6
-4
-2
0
2
4
6
8
10
12
90
100
105
95
110
2001 2002 2003 2004 2005
Index 4qma (1999=100 Right)Yr/Yr % Change (Left)
-6
-4
-2
0
2
4
6
8
97
98
99
100
101
102
106
104
2001 2002 2003 2004 2005
* Price and volume changes are as a percentage of net sales excluding Textiles & Interiors. Volume percentage changes are calculated using sales adjusted to exclude current-year salesfrom acquisitions when there are no comparable prior-year sales and to exclude prior-year sales of businesses that have been divested.
Selected Additional Data
Local Price and Variable Costs Impact – year over year on an after tax basis(dollars in millions) 2005 2004
1st 2nd 3rd 4th 1st 2nd 3rd 4th
Local price 245 310 155 205 35 45 115 190Variable costs (190) (200) (120) (275) (110) (90) (95) (110)Net impact on income 55 110 35 (70) (75) (45) 20 80
14
Throughout its history, DuPont has been guidedby a well-defined set of core values that haveremained constant as DuPont grew from itsorigins as an explosives company to the globalscience company it is today. Safety and health,environmental stewardship, high ethical standards,and respect for people remain the values ofDuPont. They are practiced everywhere thecompany does business. All our operationsaround the world are held to the same standards.
We summarize here our progress on major safety,health and environmental incidents, and globalgreenhouse emissions. Detailed economic,environmental, and social performance data is available in the Global Reporting Initiativeformat, on the Social Commitment page ofwww.dupont.com.
2005 was the sixth full year of implementation ofDuPont Six Sigma across the company. We areseeing the impact of our efforts in both thegrowing number of employees trained and in thefinancial results from projects in all businesses,regions, and functions. We have trained over20,000 employees as either Master Black Belts,Black Belts, or Green Belts. Projects completed in2005 alone have delivered over $900 million inpretax annualized benefits. In 2005, we continuedexpanding Six Sigma projects to improve enterprisewide end-to-end processes such as supply chain.
Manufacturing Operations ImprovementsTransactional Processes/Top Line Growth
Reduced CostsOpportunities for Increased Revenue
57%
74% 26%
43%
Projects
Benefits
20
0
1996 1997 1998 1999 2000 2001 2002 2003 20052004
15
10
5
A major safety, health and environmental incident is a significant fire, environmental,process, or transportation incident.
80
100
0
1996 1997 1998 1999 2000 2001 2002 2003
20
40
60
2004
Global Greenhouse Gas Emissions
All years adjusted to reflect Invista divestiture. Data indicate a 60% reduction of greenhouse gases(Kyoto basis) since 1990. Inclusive of Invista, DuPont achieved a 72% reduction below the 1990 baseline.
Six Sigma Six Sigma Focus
DuPont Core Values: Safety, Health, and the Environment
Major Safety, Health and Environmental Incidents
2005 DuPont Databook 15
Industries, Regions, and Ingredients
2005 Sales by Major Industry (percentage of total company)
2005 Net Sales by Region*
0
5
10
15
20
Min
ing
Pers
onal
Car
e
Heal
th C
are
Pape
r
Plas
tics
Text
ile/A
ppar
el
Chem
ical
/Pet
roch
emic
al
Pack
agin
g
Elec
trica
l Mac
hine
ry
Elec
trica
l App
lianc
es
Elec
troni
c M
ater
ials
Hom
e Fu
rnis
hing
s
Com
mer
cial
Con
stru
ctio
n/M
ater
ials
Resi
dent
ial C
onst
ruct
ion/
Mat
eria
ls
Afte
rmar
ket M
otor
Veh
icle
Coa
tings
Mot
or V
ehic
le—
OEM
Mot
or V
ehic
le P
arts
& E
quip
men
t
Food
, Ing
red,
Ref
rig &
Pac
kagi
ng
Agric
ultu
re-P
rodu
ctio
n
Othe
r Ind
ustri
alAe
rosp
ace/
Airc
raft
Primary Uses
a. Natural Gas .................... Variousb. Titanium Ores ................. Titanium Technologiesc. Ethane .............................. Packaging Polymersd. Electricity ........................ Variouse. Active Ingredients ......... Ag and Nutritionf. Pigments ......................... Performance Coatingsg. Adipic acid ...................... Engineering Polymersh. HMD ................................. Engineering Polymersi. Solvents .......................... Performance Coatingsj. Chlorine ........................... Titanium Technologiesk. Steam .............................. Variousl. Solid Resins .................... Performance Coatingsm. Benzene .......................... Chemical Solutionsn. DMT ................................. Packaging Polymerso. Isocyanates .................... Performance Coatings
a
b
c
d
e
f
g
h
i
jk
lm
no
Contract Manufacturing, Services and Others
Packaging & Logistics
Top Purchased Energyand Raw Materials
Other Major Purchased Energy and Raw Materials
Top Purchased Energy and Raw Materials(for scale only)
Geographic Information 2005 2004 2003(dollars in millions) Net Sales % of Total Net Sales % of Total Net Sales % of Total
United States $11,129 42% $10,684 42% $9,555 45%Western Europe 6,500 24 6,410 26 5,336 25Eastern Europe, Middle East & Africa 1,186 5 1,112 4 848 4Asia Pacific (excluding Greater China) 2,921 11 2,785 11 2,053 9Greater China 1,589 6 1,364 5 1,037 5Canada & Latin America 3,298 12 2,877 12 2,493 12
Total $26,623 100% $25,232 100% $21,322 100%
Total Variable Cost of Goods
* Excludes Net Sales from divested Textiles & Interiors businesses.
16
DuPont Science & Technology
DuPont Science & Technology provides technologies and transformational options for new and existingbusinesses, building on a long, rich legacy of leading science and innovation. Our focus is on connectingour unique technology insight and foresight with keen market insight and foresight to deliver solutionsthat make peoples’ lives better, safer, and healthier. In 2005 we commercialized over 1000 new productswith strong representation from all five growth platforms. Products commercialized over the last fiveyears accounted for 33% of our total revenue.
Thomas M. ConnellySenior Vice Presidentand Chief Science &Technology Officer
U.S. Patent Filings Patent Filings/R&D $
600
800
1000
1200
1400
1600
1800
2000 2001 2002 2003 2004 200575
100
125
150
175
200
225
250
2004 20052003200220012000
Index: '00 = 100
Sales From Products Commercialized in Last Five Years
4000
5000
6000
7000
8000
9000
2004 20052003200220012000
Dollars in millions
Growth Revenue From Products Commercialized in Last Five Years(Net of Cannibalization)
1000
1500
2000
2500
3000
3500
2004 200520032002
Dollars in millions
DuPont’s Innovation Pipeline is Strong and Getting Stronger
2005 DuPont Databook 17
Key Competencies Key Deliverables Key Markets
Plant genetics High performance polymers New products Agriculture & NutritionIndustrial biotechnology Fluorine chemistry Improved products Bio-Based MaterialsCrop chemistry Photo active materials Patents (unique technology) Coatings & Color Nutrition science Precision patterning New processes Electronics & CommunicationParticle science & dispersion Materials science Global reach Performance MaterialsColorants and color measurement World class safety technology Sustainable growth Safety & Protection
Bio-Based Materials; A New Corporate Technology Platform
DuPont’s Bio-Based Materials technology platform, working with business units across thecompany, is focused on the development and commercialization of biotechnology solutions for arange of industries including energy, chemicals, materials, personal care, and biomedicalapplications. Bio-Based Materials uses biology, chemistry, materials science, and engineering inan integrated fashion to better serve our customers.
Bio-Based Materials develops products using:
1. Integrated science, enabling higher value solutions that individual disciplines (such aschemistry) cannot.
2. Cleaner manufacturing processes utilizing renewable resources (such as entire corn plants),that have the potential to significantly reduce the world’s dependence on oil.
DuPont™ Sorona® polymer, the newest polymer innovation from DuPont, is the starting point for ourcommercialization of bio-based materials. Bio-PDO™, the key ingredient in Sorona® polymer, isderived through a biological process using corn sugar. A joint venture was formed with Tate & Lyle, PLC in 2004 to construct the first commercial scale plant to manufacture Bio-PDO™. This new plant (Figure 1) will begin production in the second half of 2006. It will be the world’s largestcommercial aerobic fermentation facility and will produce product from a renewable resource, corn,using 40% less energy than needed to produce a petroleum based equivalent.
We are producing Sorona® polymer and are licensing the technology to others to accelerate itsadoption globally in the textile and U.S. residential carpet industries. Through a partnership withMohawk Industries, SMARTSTRAND™ made with DuPont™ Sorona® polymer (Figure 2)residential carpet is available in stores now.
In the energy arena, the Integrated Corn-Based BioRefinery research program, a $38 million joint project with the U.S. Department of Energy, is making great progress toward the design of a bio-refinery to use cellulose-derived resources to produce a host of valuable fuels and value-added chemicals. In more specialized areas, our scientists are using biotechnology toolsto develop safer, more effective solutions for a variety of personal care and medical applications.We expect these business opportunities to be commercial in the next three to seven years.
Figure 1 (top photo): First commercial scale Bio-PDO™plant, a joint venture betweenDuPont and Tate & Lyle, PLC isexpected to begin productionlater in 2006.
Figure 2 (bottom photo): The firstline of residential carpet madewith DuPont™ Sorona® polymer.
MarketSize
Value/Unit
Energy
Materials
Surfaces
Medical
DuPont Bio-Based Materials platform enables technology and IP leverage in all four areas.
Rich Bio-Based Materials Pipeline
Sorona® extBio-PDO™ extPolyolsBiofuel III
Sorona® ext BioRefineryBio-PDO™ ext Oil RecoveryPolyols SealantDental II Interventional II
Sorona® ext Biofuels I & II AdhesivesBio-PDO™ ext Personal Care II Home & Personal CarePolyols SealantDental I Interventional IBiofuels IPersonal Care I
Sorona®Bio-PDO™2006 2008 2010 2012
18
Dean C. OestreichPresident Pioneer Hi-BredInternational, Inc.
Tony ArnoldPresident & CEOThe Solae Company
James C. CollinsVice President/General ManagerDuPont Crop Protection
Douglas W. MuzykaVice President/General ManagerDuPont Nutrition & Health
2005 Segment Sales Data
Growth Platform Leaders
By Major Product Group
Herbicides 23%
Other Seeds 4%
Fungicides 6%
Food Ingredients 17%
Insecticides 6%
Soybean seeds 8%
Corn seeds 31%
Other 5%
By Major Industry
Food Packaging & Safety 4%
Seeds 43%
Food Ingredients 17%
Crop Protection 36%
By Region
Europe 26%
North America 49%
Asia Pacific 9%
Latin America 16%
DuPont Agriculture & Nutrition
Increasing the quality, quantity, and safety of the global food supply by leveraging DuPont strengths in biology, chemistry, and biotechnology with our knowledge of the food value chain. The platform businesses hold a broad portfolio of brands, such as Pioneer® seeds, Solae™ soy protein, and BAX®
pathogen screening, as well as recognized brands of insecticides, fungicides, and high-value, low-use-rate herbicides. Innovation targets address improving grower productivity and creating newinnovative sources of food and feed ingredients, energy, and materials.
J. Erik FyrwaldGroup Vice President
Overview (dollars in millions)
2005 2004 2003Segment sales $6,394 $6,244 $5,468
Less transfers _ _ –Less equity affiliate sales (76) (79) (152)
Net sales 6,318 6,165 5,316
Pretax operating income 862 769 671Pretax operating income – before significant items 862 803 607Research and development 588 547 509Depreciation and amortization 443 434 425Equity in earnings of affiliates (2) (4) (7)Provision for income taxes 85 100 124
Segment net assets 6,084 6,318 6,508Affiliate net assets 41 38 33Expenditures for long-lived assets 283 238 593
2004
(dollars in millions)
$1,000
2003
$200
$400
$600
$800
2005
Pretax operating income –before significant items
2005 DuPont Databook 19
Acquisitions and Joint Ventures (2003-2005)
DuPont Khimprom – Russia – crop protection products (2005 – acquired remaining interest of joint venture)
DuPont Farm Solutions – sales and marketing joint venture with Maruwa Kabushiki Kaisha established in Japan (2004)
Verdia, Inc. – California – Biotech research and development (2004)
Griffin, LLC – Georgia – crop protection products (2003 – acquired remaining interest of joint venture)
Solae, LLC – Missouri – soy-based consumer food products (2003 joint venture with Bunge, Ltd.)
Divestitures and Shutdowns (2003-2005)
DuPont Liquid Packaging Systems – production or warehouse shutdowns at Worthington OH, Houston TX, Elkton MD, and Allentown, PA (2004)
Crop Protection product lines divested: Turf and Ornamentals, Aquatics, and Propanil (2004)
Solae – Alpha production plant, New Berman, OH (2004)
Pioneer corn with Roundup Ready® andHerculex® I stacked traits
Pioneer soybean with Roundup Ready®
and resistance to soybean cyst nematode(SCN) and phytophthora root rot
Sulfonylurea (SU) blendsAbsolute PXAffinity® Tank Mix SGBiPlay SXCanopy® EXHarmony® Extra SXLandmark® I PX
Specialty BlendsVelpar® K4Alfamax™
Proquinazid Fungicide
SoleCina
Nutrium™ Low Lin Oil
DPEL Film
Recent Product Examples
Products/Services Innovation Markets Served
Stacked insect protection with resistance toglyphosate herbicide
Stacked resistance to SCN and phytophthoraroot rot and resistance to glyphosate herbicide
SU granule herbicide blendSU soluble granule herbicide blendSU soluble granule herbicide blendSU granule herbicide blendSU soluble granule herbicide blendSU granule herbicide blend
Specialty herbicide granule blendSpecialty herbicide granule blend
Powdery mildew
Affordable Meat/Soy Nutrition
Low linolenic soybean oil
Verticle form fill sealing
North American corn market
North America soybean market
UK cereals marketUS cereals marketIreland cereals marketUS soybean marketGreece, Ireland cereals marketUS vegetation management market
US specialty herbicide marketUS specialty herbicide market
Europe cereals market
Global C & D consumers
Global food industry
Global beverage industry
Key Capabilities Key Products & Services Core Markets
Plant genetics Seeds Production agricultureBiotechnology Traits Food processingCrop chemistry Crop protection chemicalsNutrition science Food ingredientsProtein formulation Food quality & safety
Herculex®I Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. Herculex® is a registered trademark of Dow AgroSciences LLC. Roundup Ready® is a registered trademark used under license from Monsanto Company.
DuPont Agriculture & Nutrition
20
Crop Protection www.dupont.com/ag
HerbicidesCorn herbicides:
Accent® and Accent® Broadleaf weed control Mobile, AL Aminodimethoxypyrimidine BASFGoldTM Grassy weed control El Paso, IL Cyanuric chloride Bayer
Basis® and Basis® Gold® Manati, PR Monomethylamine Dow AgrosciencesCATD Cernay, France Nicotinic acid MonsantoCinch SyngentaCinch ATZCinch ATZ LiteSteadfast®
Steadfast® ATZTitus®
Soybean herbicides:Assure® II Broadleaf weed control El Paso, IL GuanidineAuthority® Selective weed control Manati, PR Methyl thioglycolateCanopy® and Canopy® XLTM SaccharinClassic® SulfentrazoneReliance®
Synchrony® STS®
Cereal herbicides:Ally® Broadleaf weed control El Paso, IL Benzyl mercaptanExpress® Selective weed control Manati, PR CyanamideFinesse® Girraween, Australia Dimethyl carbonateGlean® Cernay, France Methyl thioglycolateGranstar® Surabaya, Indonesia SaccharinHarmony®
Lexus®
Muster®
SU Blends
Rice herbicides:Gulliver® Selective pre- and Manati, PR AminodimethoxypyrimidineLondax® postemergence weed Shanghai, China o-Toluic acid
control
Cotton herbicides:Staple® Postemergence weed Lerma, Mexico GlyphosateStaple® PlusTM control Pyrithiobac sodium
Potato herbicides:Matrix® Selective broadleaf weed Cernay, France Aminodimethoxypyrimidine
and grass control
Sugar beet herbicides:Debut® Postemergence weed Manati, PR 2-Carbomethoxy-Safari® control Cernay, France 6-methylbenzenesulfonyl Upbeet® chlorideVenzar®
Sugarcane herbicides:Advance® Preemergence LaPorte, TX DiuronVelpar® K weed control Hexazinone
Citrus herbicides:Hyvar® Preemergence LaPorte, TX BromacilKrovar® weed control Diuron
Tomato herbicides:Shadeout® Selective weed control Cernay, France Aminodimethoxypyrimidine
Specialty herbicides:Vegetation management Brush and weed control LaPorte, TX Cyclohexyl isocyanate
(forestry and noncrop) Manati, PR Dichlorophenol isocyanateOust® and Velpar® Lerma, Mexico HexazinoneOustarTM Saccharin
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
DuPont Agriculture & Nutrition
2005 DuPont Databook 21
Crop Protection (continued)
FungicidesCurzate® Plant disease control Valdosta, GA Carbon bisulfide BASFEquation® Houston, TX Carbon monoxide BayerFamoxate® Barranguiela, Colombia Chlorine Dow AgrosciencesFlusilazole Cernay, France Copper hydrofide SyngentaKocide® Bolzano, Italy EDA Ethylene diamineManzate® Asturias, Spain Phenyl hydrazineNustar® Lung Tan, Taiwan Sodium triazolePunch® Bangpoo, Thailand TriphenyltinhydroxideSuper TINTanosTM
TaliumTM
InsecticidesAsana® Direct control and Mobile, AL Acetaldoxime BayerAvauntTM residual action LaPorte, TX Ammonia Dow AgrosciencesLannate® insect control Cernay, France Caustic soda SyngentaSteward® Savli, India m-CresolVendex® Bolzano, Italy CyclohexanoneVydate® Lerma, Mexico Methanol
Cabuyao, Philippines Methyl mercaptanLung Tan, Taiwan MonochlorobenzeneBangpoo, Thailand Monoethylamine
MonomethylformamidePhosphorus pentachlorideTrichloroacetaldehyde
Qualicon Inc. www.qualicon.comBAX® system for Food, personal care, Wilmington, DE Microbiological testing
pathogen screening and pharmaceutical and instrumentationRiboPrinter® microbial companies
characterization system
Nutrition & Health
Solae LLC www.solae.com www.solaeliving.comSOLAETM , Alpha 12 Food industry Gibson City, IL Soybeans, soybean flake Food and grain
and SUPRO® isolated Remington, IN and soybean meal ingredient companies soy protein Bellevue, OH and meat, milk, and
Soy protein concentrates Pryor, OK egg producersand oils Memphis, TN
leper, BelgiumEsteio, BrazilLuohe, ChinaYun Meng, ChinaZhengzhou, ChinaAarthus, DenmarkBordeaux, FranceTokyo, JapanCorby, United Kingdom
PRO-COTE® isolated Paper industry Louisville, KY Soybean flake and Starch and latex soy protein soybean meal companies
8th Continent LLC www.8thcontinent.com8th ContinentTM soymilk Food & beverage industry Minneapolis, MN SolaeTM isolated Food and beverage
soy protein companies andmilk producers
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
22
Nutrition & Health (continued)
Liquid Packaging Systems Pasteurized and aseptic Beverage and pumpable Ontario, CA Polyethylene Scholle
packaging systems liquid food packaging Sacramento, CA Nylon RapakRigid blow molded Film converters Lake Wales, FL Polyester Consolidated Containers
containers and filling Industrial packaging Elkton, MD Polycarbonate Cryovacequipment Auburn, MA
High barrier sealant Ashland, OHstructures for aseptic Upper Sandusky, OHpouch/bag applications Worthington, OH
Fitments, connectors Houston, TXand taps Toronto, Canada
Dartek® nylon films Manchester, EnglandSclairfilm® sealant films Paris, France
Savli, India
Pioneer Hi-Bred International Inc. www.pioneer.com
Alfalfa seed Farming industry (see below) Genes BayerCanola seed Feed industry Germplasm Dow AgrosciencesCorn seed Food industry Parent seed MonsantoInoculant SyngentaHybrid rice seedMillet seedMustard seedSorghum seedSoybean seedSunflower seedWheat seed
DuPont Agriculture & Nutrition
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
Major Plants for Pioneer Hi-Bred International Inc.
Pocahontas, ARFresno, CAWoodland, CAKekaha, HiWaialu, HIAlgona, IACherokee, IADurant, IADysart, IAHedrick, IAJohnston, IAMarengo, IAMt. Pleasant, IAReinbeck, IARenwick, IAToledo, IAWaterloo, IANampa, IDGood Hope, ILLe Roy, ILLitchfield, ILMcLeansboro, ILPrinceton, ILShelbyville, ILSt. Joseph, IL
Utica, ILWoodhull, ILMt. Vernon, INPlymouth, INRushville, INTipton, INWorthington, INConstantine, MIJackson, MNLaurinburg, NCWahpeton, NDDoniphan, NEYork, NEGrand Rapids, OHElizabethtown, PAMemphis, TNPlainview, TXWeslaco, TXConnell, WASalto, ArgentinaNarromine, AustraliaParndorf, AustriaItumbiara, BrazilFormosa, BrazilPlanaltina, Brazil
Santa Cruz, BrazilSanta Rosa, BrazilChatham, CanadaGeorgetown, CanadaLethbridge, CanadaPaine, ChileJiuquan, ChinaOsijek, CroatiaMeet Bera, EgyptToukh, EgyptAddis Ababa, EthiopiaAussonne, FranceBuxtehude, GermanySzarvas, HungaryHyderabad, IndiaMalang, IndonesiaSissa, ItalyCuliacan, MexicoSahiwal, PakistanPolomolok, PhilippinesAfumati, RomaniaRosslyn, South AfricaLampoon, ThailandAdana, TurkeyJuru, Zimbabwe
2005 DuPont Databook 23
Richard C. OlsonVice President /General ManagerDuPont TitaniumTechnologies
Douglas L. MooreVice President /General ManagerDuPont AdvancedCoatings Systems
Eric G. MelinVice President /General ManagerDuPont Refinish
Marty M. McQuadeVice President /General ManagerDuPont Automotive Systems
2005 Segment Sales Data
Growth Platform Leaders
By Major Product Group
OEM 20%
Refinish 31%
White Pigments 33%
Other 16%
By Major Industry
Plastics 6%
Paper 5%
Construction/Materials 23%
Motor Vehicles 55%
Other 11%
By Region
Europe 39%
North America 35%
Asia Pacific 14%
Latin America 12%
DuPont Coatings & Color Technologies
The DuPont Coatings & Color Technologies platform mission is to leverage DuPont’s technology andknowledge of the titanium dioxide and coatings businesses to create added value for customers byincreasing their productivity, delivering innovative high-performance products, and enabling higherquality service and value to their customers. Our offering includes coatings, ingredients, systems, andservices to fulfill functionality, aesthetics, and process needs. Key strategic opportunities includeexpanding the platform leadership position in environmentally safe solutions, and strengthening ourpresence in the Asia Pacific and Eastern European markets.
Terry CaloghirisGroup Vice President
Overview (dollars in millions)
2005 2004 2003Segment sales $6,234 $6,028 $5,503
Less transfers (57) (57) (52)Less equity affiliate sales (27) (46) (71)
Net sales 6,150 5,925 5,380
Pretax operating income 564 718 735Pretax operating income – before significant items 677 814 731Research and development 157 149 131Depreciation and amortization 212 209 227Equity in earnings of affiliates 1 3 3Provision for income taxes 170 240 253
Segment net assets 3,633 3,761 3,641Affiliate net assets 5 17 46Expenditures for long-lived assets 292 217 214
2004
(dollars in millions)
$1,000
2003
$200
$400
$600
$800
2005
Pretax operating income –before significant items
24
Key Capabilities Key Products & Services Core Markets
Dispersion and particle technologies Titanium dioxide Automotive OEMColorants, color management Liquid and powder coatings Collision repairCoatings application Digital inks PaperManufacturing excellence Consulting services Industrial coatingsGlobal scale and scope Digital printing
Architectural coatingsPlastics
* Businesses moved from Coatings & Color Technologies to Electronic & Communication Technologies in Jan. 2006.
Acquisitions and Joint Ventures (2003-2005)
Remaining interest in joint venture in Mexico – refinish Standox® and powder coatings businesses (2005)
POL-SVER Lakiery Proszkowe Sp. zo.o – Poland – powder coatings (2004)
Remaining interest in DuPont Turkiye joint venture – Turkey – automotive, refinish, and industrial coatings (2004)
DuPont Red Lion – China – OEM and refinish joint venture (2003)
Divestitures and Shutdowns (2003-2005)
Manufacturing plants in Cologne and Helmstedt – Germany (2003)
Powder Plant in Burogo – Germany (2003)
Generation™ IX Powder clearcoat
EcoConcept™ Waterborne System
TS-6200 TiO2 pigment
Imron® Elite Single Stage Base Coats andClear Coats
ChromaBase® YB System
SDP Black Pigment Dispersion*
Artistri™ GA software*
Artistri™ Solar Brite™ Inks*
Alesta® HT Powder Coatings
Recent Product Examples
Products/Services Innovation Markets Served
Improved scratch and mar resistance
Waterborne primerless system for OEM assembly plants
Superior durability for environmentally demandingapplications
Improved appearance and productivity
Integrated paint system delivering productivity,value, and ease of use.
Enhanced optical density for plain paper applications
Graphic arts software for PostScript® or composite workflows.
Inks with superior light and water fastness
Resist temperatures up to 1000°F
Automotive OEM Market
Automotive OEM Market
High performance coatings – Automotive & Industrial
Heavy duty truck coatings
Automotive refinish
Desktop ink jet printing
Textile printing for graphic arts
Textile printing for outdoor fabric application
BBQ grills, fireplace inserts, exhaust systems
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
2005 DuPont Databook 25
DuPont Performance Coatings www.performancecoatings.dupont.com
Centari® automotive and Aerospace Fort Madison, IA Acrylic monomers Akzo Nobelrefinish enamels Automotive Mount Clemens, MI Aliphatic and aromatic BASF
ChromaBase® refinish Collision repair Front Royal, VA hydrocarbon solvents PPGsystem Marine Guntramsdorf, Austria Organic pigments Sherwin-Williams
Cormax® electrodeposition Transportation Mechelen, Belgium Titanium dioxideprimers Sao Paulo, Brazil
Cromax® waterborne Ajax, Canadafinishes LeMans, France
Hot HuesTM Refinish System Wuppertal, GermanyImron® finishes Tlalnepantla, MexicoNason® refinish Valencia, VenezuelaSpies Hecker® refinishStandox® refinish
DuPont inks for printer Digital ink jet Fort Madison, IA Fuji Photo FilmOEMs printers Rochester, NY Cabot Corporation
ArtistriTM inks and printing Commercial printing Sensient Technologiessystems systems Corporation
Textiles
Permatex® industrial Protective coatings Vaihingen, Germany Hempel coatings Sigma Kalon
Voltro® high performancewire enamels
Alestra® Powder coatings Automotive Houston, TX Epoxy resins Akzo NobelRay-Tec® Powder Construction Montbrison, France Organic pigments Ferro
General industrial OEM Landshut, Germany Polyester MortonPipeline Bulle, Switzerland
Darlington, United Kingdom
DuPont Titanium Technologies www.titanium.dupont.com
Starblast® abrasives Airblasting Edge Moor, DE Chlorine HuntsmanTi-Pure® titanium dioxide Catalysts Starke, FL Coke IshiharaTitanium Tetrachloride Ceramics DeLisle, MS Ilmenite Kemira OyZircon Coatings New Johnsonville, TN Rutile Kronos Worldwide
Foundries Uberaba, Brazil LyondellPaper Altamira, Mexico TronoxPlastics Kuan Yin, TaiwanRefractories
DuPont Coatings & Color Technologies
26
Barry M. GrangerVice President/General ManagerDuPont ImagingTechnologies
David B. MillerVice President/General ManagerDuPont ElectronicTechnologies
Cynthia C. GreenVice President/General ManagerDuPont Fluoroproducts
2005 Segment Sales Data
Growth Platform Leaders
By Major Product Group
Refrigerants 15%
Chemical Specialties 8%
Electronic Materials 36%
Fluoropolymers 18%
Fluorosurfacing 7%
Other 2%
Printing & Proofing 14%
By Major Industry
Electrical Appliances/ Machinery 4%
Construction 7%
Chemical/Petrochemical 5%
Electronics 38%
Wire & Cable 5%
Personal Care & Apparel 4%
Motor Vehicle 7%
Packaging & Printing 14%
Other 16%
By Region
Asia Pacific 34%
North America 37%
Europe 24%
Latin America 5%
DuPont Electronic & Communication TechnologiesDuPont Electronic & Communication Technologies delivers innovative science to electronics, communication, and industrial markets worldwide. Our advanced materials and technology enableincreased functionality and lower costs for electronic and communication devices, flexographic printingand color communication for packaging and commercial printing industries, and superior electricalproperties, thermal performance, chemical inertness, and surface characteristics for fluoro-enabledmarkets. Emerging technologies in our development pipeline include embedded passive electronic components, low-loss laminate materials for semiconductor packages, polymers for 193 nm photoresists,thermal color filters for LCD displays, limited combustible cable for electronic data and telecommunications,organic light emitting diode (OLED) displays, and fuel cell membrane electrode assemblies.
Craig G. NaylorGroup Vice President
Overview (dollars in millions)
2005 2004 2003Segment sales $3,506 $3,279 $2,892
Less transfers (90) (81) (40)Less equity affiliate sales (251) (284) (233)
Net sales 3,165 2,914 2,619
Pretax operating income 532 192 183Pretax operating income – before significant items 484 367 181Research and development 170 173 187Depreciation and amortization 151 149 156Equity in earnings of affiliates 37 29 8Provision for income taxes 142 51 35
Segment net assets 2,189 2,230 2,408Affiliate net assets 283 383 324Expenditures for long-lived assets 180 135 129
2004
(dollars in millions)
$1,000
2003
$200
$400
$600
$800
2005
Pretax operating income –before significant items
2005 DuPont Databook 27
Acquisitions and Joint Ventures (2003-2005)
DuPont Wirex – Taiwan – two-layer flexible laminates for flexible circuits (2005 – acquired remaining interest of joint venture)
Rhodia, Inc. – France – HFC refrigerant blends (2005)
DuPont Authentication Systems – Bridgeport, CT – security and authentication solutions (2005 – acquired remaining interest of joint venture)
SD Flex – Korea – joint venture with Samsung-Cheil for adhesiveless, flexible copper clad laminates (2004)
DuPont 3F Fluorochemicals – China – joint venture for manufacture of blended HFC refrigerants (2004)
Divestitures and Shutdowns (2003-2005)
DuPont Photomask, Inc. (2005)
Transfer of the EKC CMP business to the DuPont Air Products Nanomaterial joint venture (2004)
Propellants manufacture – Louisville, KY (2003)
Refrigerants production – Shimizu, Japan (2003)
Teflon® FEP TE9494
Nafion® 2030
Isceon® Blends
Cyrel®FAST
DuPont™ Cromalin® b2/b3
Pb-free Fodel®
Solamet® photovoltaic conductor materials
PZT electrode 6034
LTCC 943
Recent Product Examples
Products/Services Innovation Markets Served
The world’s best/highest productivity resin forcommunications cable
World’s best chloralkali membrane providingan alternative to mercury
Easy retrofit replacement for ozone depletingCFC's and other HFCs
Thermally processed digital flexographic printing plate
Low cost, high-quality inkjet system
Silver conductor & black matrix offering environmentally friendly, lower resistance, finer lines, and high quality
Cd-free and Pb-free Ag & Al metallization forsolar cell applications offering improved printingand higher cell efficiency
Ag-Pd electrode for multilayer piezo module
Low-loss dielectric
Electronic data & telecom cables
Chloralkali
Refrigeration
Packaging printing
Commercial printing
Plasma display panels
Solar cells
Automotive diesel engine fuel injection system
High-frequency collision avoidance automotive radar systems
Key Capabilities Key Products & Services Core Markets
Polymer chemistry Circuit and component materials SemiconductorsFluorine chemistry Flexographic printing systems Printed circuit boards & componentsPhotopolymers Photovoltaic materials Automotive & industrial electronicsInorganic materials Refrigerants DisplaysPrecision patterning Surfacing materials Packaging & commercial printing
Semiconductor fabrication & packaging materials HVAC & refrigerationWire & cable materials Chemical processing industries
Electronic data & telecommunicationsAlternative Energy
DuPont Electronic & Communication Technologies
28
DuPont Display Technologies www.displays.dupont.com
Holographic optical Flat-panel displays Santa Barbara, CA Adhesives Kodakelements Personal and Torrance, CA FV polymer 3M
Liquid crystal display (LCD) product security/ Bridgeport, CT Glass White Electronicsenhancement solutions authentication Towanda, PA N10 monomer
Security and authentication Logan, UT Plastic filmssolutions Shenzhen, China
DuPont Electronic Technologies www.electronics.dupont.com
Birox® thick film resistor Automotive Hayward, CA Copper Air Productscompositions electronics Research Triangle Park, NC Hydroxylamine Asahi Chemical
CoppeReady® chemical Biosensors Parlin, NJ Oxydianiline Cabot Microelectronicsmechanical planarization Displays Circleville, OH Polyester film Cooksonslurries Electronic Dayton, OH Precious metals Eternal Chemical
Fodel® thick film photo- components Towanda, PA Pyromellitic dianhydride Ferroprintable compositions Electronic insulation Manati, PR Hitachi Chemical
Green TapeTM Semiconductor Bayport, TX Honeywelllow-temperature fabrication & Dongguan, China Kanekaco-fired ceramics packaging Shenzhen, China MacDermid
ImageMasterTM photo- Photovoltaic cells Hitachi, Japan Nippon Steeltool systems Printed circuit board Mizushima, Japan Noritake
Interra® planar embedded fabrication Tokai, Japan Rohm & Haascapacitor laminate Telecommunications Toyohashi, Japan Shoei
Kapton® polyimide film Gumi, Korea SumitomoLuxprint® electroluminescent Ichon, Korea Taiyo Ink
compositions Luxembourg UbeMazin® colloidal silica slurry Hsinchu, TaiwanMicrolithographic Taoyuan, Taiwan
polymer films Bristol, United KingdomMicrolux® polyimide East Kilbride, United Kingdom
laminates Ruabon, United KingdomMicroPlanar® chemical
mechanical planarizationslurries
Oasis® composite filmPlasmaSolv® post-etch
residue removersPolymers for semiconductor
photoresistsPosistrip® photoresist
removersPyralin® polyimide coatingsPyralux® flexible laminates,
sheet adhesives, and filmsRiston® dry film photoresistsSolamet® silver
compositions for solar cellsSyton® colloidal silica slurryTeclam® flexible laminatesThermount® non-woven
aramid laminatesThick film conductor and
resistor compostitions
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
DuPont Electronic & Communication Technologies
2005 DuPont Databook 29
DuPont Fluorochemicals www.dupont.com/dymel www.dupont.com/fire www.dupont.com/formacel www.dupont.com/suva www.dupont.com/vertrel www.dupont.com/zyron
Dymel® aerosol propellants Aerosol propellants Louisville, KY Chloroform Air ProductsFETM fire extinguishants Electronic gasses Deepwater, NJ Fluorspar ArkemaFormacel® blowing agents FE systems Corpus Christi, TX Hydrofluoric acid DaikinHCFC 22 refrigerants Insulation La Porte, TX Methanol ChemturaIsceon® refrigerant blends Precision cleaning Belle, WV Perchloroethylene HoneywellSuva® refrigerants Refrigeration/HVAC Changshu, China VCM INEOSVertrel® cleaning agents Pharmaceuticals Chiba, Japan KDKZyron® electronic gases Shimizu, Japan Solexis
Dordrecht, 3MThe Netherlands
Humberside,United Kingdom
DuPont Fluoropolymer Solutions www.teflon.com www.dupont.com/tedlar
Nafion® ion exchange Aerospace Parlin, NJ Difluoroethane Akzo Nobelmembranes Automotive Buffalo, NY HCFC 22 Asahi Glass
Tedlar® PVF film Chemical handling Fayetteville, NC hydrochlorofluorocarbon DaikinTeflon® fluoropolymer and processing Circleville, OH Dyneon/3MTeflon® and Autograph® Data communications Parkersburg, WV Solexis
nonstick coatings Fine Chemicals Mechelen, Belgium Whitford Worldwidefor cookware Housewares Shenzhen, China
Teflon® for industrial Semiconductor Madurai, Indiacoating applications manufacture Shimizu, Japan
Teflon® films Photovoltaics Dordrecht, Tefzel® fluoropolymer Construction The Netherlands
DuPont Imaging Technologies www.imaging-technologies.dupont.com
Cyrel®, Digital Cyrel®, Commercial printing Parlin, NJ Block copolymers AgfaCyrel®FAST flexographic Packaging graphics Towanda, PA HMDA/HMDMA Asahi Chemicalprinting plate systems, Flat Panel Displays Neu Isenburg, Germany Polyester films EFIand Cyrel® round Epsonprinting sleeves Flint Group
Cromalin®, Dylux®, Thermal Fuji4-Color, WaterProof® Kodakproofing systems, and MacDermidCromalin® b2/b3 and CromaProTM XP inkjet
color proofing systemsCromalin® BlueCromalin® LargoCromaprintTM, wide format
UV InkJet system
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
30
Craig F. BinettiVice President/General ManagerDuPont Packaging &Industrial Polymers
Henry B. VoigtChairman & Chief Executive OfficerDuPont Teijin Films
John R. LewisPresident & CEODuPont PerformanceElastomers
Keith J. SmithVice President/General ManagerDuPont EngineeringPolymers
2005 Segment Sales Data
Growth Platform Leaders
By Major Product Group
Polyester Films 10%
Vinyl Polymers 7%
Packaging Resins 13%
Other 16%
Elastomers 15%
Engineering Resins 39%
By Major Industry
Electrical & Electronics 9%
Construction/Materials 10%
Agriculture/Food 7%
Other 11%
Packaging 16%
Personal & Health Care 9%
Motor Vehicle 38%
By Region
Europe 29%
North America 41%
Asia Pacific 26%
Latin America 4%
DuPont Performance Materials
Material innovations for a more secure, comfortable, and sustainable world: The DuPont PerformanceMaterials businesses provide customers with more productive, higher performance polymer materialsand system solutions to improve the uniqueness, functionality, and profitability of their product offering.Key growth opportunities include developing new automotive applications both under the hood and on thevehicle body, enhancing consumer packaging solutions, and expanding our presence in Asia Pacific.Jeffrey L. Keefer
Group Vice President
Overview (dollars in millions)
2005 2004 2003Segment sales $6,750 $6,333 $5,376
Less transfers (74) (102) (133)Less equity affiliate sales (794) (876) (1,143)
Net sales 5,882 5,655 4,100
Pretax operating income 523 295 410Pretax operating income – before significant items 531 630 410Research and development 132 140 125Depreciation and amortization 200 234 161Equity in earnings of affiliates 29 (100) 9Provision for income taxes 135 168 143
Segment net assets 3,563 3,721 3,809Affiliate net assets 756 773 1,201Expenditures for long-lived assets 185 214 167
2004
(dollars in millions)
$1,000
2003
$200
$400
$600
$800
2005
Pretax operating income –before significant items
2005 DuPont Databook 31
Acquisitions and Joint Ventures (2003-2005)(2002-2004)
Retrim – Czech Republic – PVB Interlayer Manufacturer (2004)
Eastman Chemicals high performance crystalline polymers – LCP and PCT polymers (2003)
DuPont Teijin Hongii Films Ningbo Co. Ltd. – China – polyester film (2003 – joint venture)
Wuxi Xingda Nylon Co. Ltd. – Wuxi, China – nylon filaments (2004 – joint venture)
Divestitures and Shutdowns (2003-2005) (2002-2004)
Dow exit elastomers joint venture (2005)
DMT Manufacturing – Old Hickory, TN (2004)
Zytel-Delrin – Tuas, Singapore – Compounding facility (2003)
Zytel® and Minlon® Nylon resins – Born and Rozenburg, Netherlands (2003)
Nucrel® resins
Vamac® DHC resins
Spallshield®
Butacite® G colors
Hytrel® membranes
Zytel® Advantage resins
Recent Product Examples
Products/Services Innovation Markets Served
Improved tie layer properties
Higher state of cure and improved compression set
Interlayers with increased safety and reduced weight
Colored interlayers with recycled PVB for laminate glass
Waterproof, breathable membrane with highmoisture vapor transmission and UV stability
Improved melt flow, mold deposit, and physicalproperties that increase customer productivity
Food & beverage
Transportation
Transportation
Architectural & automotive
Textiles, apparel, construction
Automotive, consumer
Key Capabilities Key Products & Services Core Markets
Polymer science Engineering polymers AutomotiveApplication development Flexible packaging resins PackagingMaterials processing Industrial resins Electrical/electronics
Performance elastomers ConstructionPerformance films Consumer durables
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
32
DuPont Engineering Polymers www.plastic.dupont.com
Crastin® PBT polyester Aerospace Newark, DE Butadiene BASFresins Appliance Circleville, OH Butanediol Celanese/Ticona
Delrin® acetal resins Automotive Cleveland, OH Caprolactam GE PlasticsHytrel® polyester Cosmetics Charleston, SC Cyclohexane Lanxess
elastomer Industrial hardware Chattanooga, TN Dodecanedioic acid PolyplasticsRynite® PET polyester Electrical/Electronics Richmond, VA Ethylene glycol Solutia
resins Power tools Parkersburg, WV Glass fiber Solvay PolymersThermx® PCT polyester Recreational goods Berazategui, Argentina Methanol TeijinTynex® nylon filaments Semiconductor and Mechelen, Belgium Oxydianiline TorayVespel® parts and shapes business machines Maitland, Canada Para-hydroxybenzoic acidZeniteTM LCP (liquid crystal Shenzhen, China Paraxylene
polymer) resins Wuxi, China Polytetramethylene glycolZytel® and Minlon® nylon Zhangjigang, China Pyromellitic dianhydride
resins Uentrop, GermanyMadurai, IndiaSavli, IndiaUtsunomiya, JapanLuxembourgTlalnepantla, MexicoDordrecht, The NetherlandsLandgraaf, The NetherlandsUlsan, Republic of KoreaSingapore
DuPont Packaging & Industrial Polymers www.dupont.com/industrial-polymers www.dupont.com/packaging www.dupont.com/safetyglass
Cool2GoTM insulated wrap Adhesives Fayetteville, NC Acetic acid DowCrystar® specialty resin Construction Old Hickory, TN Acrylic acid CelaneseElvaloy® AC acrylate Food and beverage LaPorte, TX Butyraldehyde Eastman Chemical
resins (EMA, EEA, EBA Leisure/sporting goods Orange, TX Ethylene Elf Atochemcopolymers) Packaging Victoria, TX Ethylene glycol Equistar
Elvanol® polyvinyl alcohol Textiles Parkersburg, WV Methacrylic acid ExxonMobilresins Transportation Sarnia, Canada Kuraray
Ethylene copolymers: Wire and cable Uentrop, Germany SekisuiBynel® coextrudable Chiba, Japan Solutia
adhesive Otake, JapanElvaloy® polymer modifiers Ulsan, Republic of KoreaElvax® ethylene vinyl Dordrecht,
acetate resins The NetherlandsNucrel® acid copolymer Zlin, Czech Republic
resinsSurlyn® resinsVamac® ethylene acrylic
elastomerGlass laminating products:
Butacite® polyvinylbutyral interlayer
SentryGlas® ExpressionsTM
decorative interlayersSentryGlas® intrusion
resistant compositeSentryGlas® Plus
security interlayerSentryGlas® SecureTM
ionoplast interlayerSpallshield® plastic
composite
DuPont Performance Materials
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
2005 DuPont Databook 33
DuPont Teijin Films www.dupontteijinfilms.com
Melinex® polyester film Appliance Fayetteville, NC Dimethyl terephthalate MitsubishiMylar® polyester film Automotive Circleville, OH (DMT) SKCPurex® polyester film Construction Florence, SC Ethylene glycol TorayTeijin® Tetoron® Data storage Old Hickory, TN Purified terephthalic acid Toyobo
polyester film Electronics Hopewell, VA (PTA)Teonex® PEN film Flat panel displays Richmond, VA 2,6NDC
Imaging Foshan, ChinaMedical and healthcare Ningbo, ChinaPackaging and labels Jakarta, IndonesiaPrint consumables Gifu, JapanVideo tape Ibaraki, Japan
Utsunomiya, JapanLuxembourgDumfries, United KingdomWilton, United Kingdom
DuPont Performance Elastomers www.dupontelastomers.com
Hypalon® chlorosulfonated Adhesives Newark, DE Butadiene Daikinpolyethylene Aerospace Louisville, KY Chlorine Denka
Kalrez® perfluoroelastomer Automotive LaPlace, LA Ethylene Dyneon/3Mparts Chemical processing Deepwater, NJ Hydrofluoric acid Enichem
Construction Beaumont, TX Perfluoromethylvinyl LanxessNeoprene synthetic Plastics modification Dordrecht, ether Solvay Solexis
rubber Semiconductor The Netherlands PolyethyleneViton® fluoroelastomer
DuPont Performance Materials
34
James A. ForsmanVice President/General ManagerDuPont SafetyResources
Mark P. VergnanoVice President/General ManagerDuPont Surfaces &Building Innovations
Nicholas C. FanandakisVice President/General ManagerDuPont ChemicalSolutions Enterprise
William J. HarveyVice President/General ManagerDuPont Advanced Fiber Systems
Matthew L. TrerotolaVice President/General ManagerDuPont Nonwovens
2005 Segment Sales Data
Growth Platform Leaders
By Major Product Group
Performance & Protection Chemical Solutions 10%
Aramids Products 24%
Solid Surfaces 12%
Sontara® 5%
Tyvek®/Typar® 19%
Other 4%
Industrial Chemical Solutions 26%
By Major Industry
Construction/Materials 19%
Textile/Apparel 20%
Motor Vehicle 4%
Electrical & Electronics 6%
Chemical/Petrochemical 18%
Personal & Health Care 7%
Other 26%
By Region
Europe 21%
North America 60%
Asia Pacific 15%
Latin America 4%
DuPont Safety & Protection
DuPont Safety & Protection satisfies the growing global needs of governments, businesses, and consumersfor solutions that make life safer. By uniting dynamic science with the strength of highly-regarded brandssuch as Kevlar®, Tyvek®, and Nomex®, the segment serves a large number of markets ranging from construction, industrial chemical, energy and manufacturing to healthcare, transportation, and homelandsecurity. In addition to serving its existing customer base, the segment is investing in the future withgrowth initiatives, including: building innovations, personal protection, biosecurity, consumer safety,government solutions, environmental solutions, and safety consulting services.
Ellen J. KullmanGroup Vice President
Overview (dollars in millions)
2005 2004 2003Segment sales $5,230 $4,696 $4,077
Less transfers (73) (90) (122)Less equity affiliate sales (85) (64) (58)
Net sales 5,072 4,542 3,897
Pretax operating income 980 837 805Pretax operating income – before significant items 1,002 907 805Research and development 115 99 89Depreciation and amortization 181 179 173Equity in earnings of affiliates 17 13 14Provision for income taxes 284 276 270
Segment net assets 2,686 2,645 2,530Affiliate net assets 84 74 100Expenditures for long-lived assets 266 215 303
2004
(dollars in millions)
$1,000
2003
$200
$400
$600
$800
2005
Pretax operating income –before significant items
2005 DuPont Databook 35
Acquisitions and Joint Ventures (2003-2005)(2002-2004)
Stonetech – Walnut Creek, California – stone care solutions (2005)BioSentry – Stone Mountain, Georgia – animal and human health (2004)Chinook – Ontario, Canada – Methylamines and methylamides business (2004)Montelli – Guangzhou & Xishui, China – polyester and acrylic solid surface business (2004)DMR – Tokyo & Toyama, Japan – joint venture equity increase – Corian® Solid Surfaces (2004)Antec International – Sudbury, U.K. – offerings for animal and human health (2003 – acquisition)SEVP – Pantin, France – protection garments (2003 – acquisition)White Knight Engineered Products – Charlotte, North Carolina – nonwoven cleanroom apparel (2003 – acquisition)Stratco – Kansas City, Missouri – oil refining alkylation technology (2003 – acquisition)
Divestitures and Shutdowns (2003-2005)(2002-2004)
Anchorage systems – Martinsburg, WV – Fasloc® (2005)
High Fluorine efficiency systems
Kevlar® Tire Cord
DuPont™ FlexWrap™ and Straight Flash™
Fire Resistant Materials
Infection Control Garments
DuPont™ StormRoom™ with Kevlar®
Tychem® ThermoPro Garments
Nomex® garments for EMEA
Nomex® for SLIM transformers
DuPont™ Suprel™ medical fabric
DuPont™ Acturel™
Sulfuric Acid Regeneration
New colors of Zodiaq® and Corian®
Montelli® and Simplicity®
Granite
Tyvek® Silver
Ink Jet Printable Tyvek®
Recent Product Examples
Products/Services Innovation Markets Served
Stain & soil repellency with less fluorine/lower cost
Reduced tire tread noise using Kevlar®/nylon hybrid
Window flashing systems for moisture management
Fourth generation of flame resistant barriers formattress applications
First SFDA certified garment for protection againstSARS, bird flu, etc.
Kevlar® reinforced rooms for hurricane and tornado protection
First disposable garment systems to provide bothchemical and flame resistance
New fabric constructions and garments forenhanced thermal protection
Compact, fire resistance, high performance andreliability for wind turbines
Fabric for surgical gowns and drapes with highlevel of protection and comfort
Breathable, impervious barrier
Sulfur management/emission abatement
Colors embrace many lifestyles and environments
Entry level solid surface products
Granite, certified by DuPont – with coating treatment
Metallized Tyvek® membranes for radiative heatloss reduction
High resolution inkjet printable Tyvek®
Apparel/Nonwovens
Automotive
Construction industry
Consumer
Consumer
Consumer
Hazmat, Emergency Response, Industrial
Industrial
Industrial
Healthcare
Medical & healthcare
Oil & gas refinery
Residential and commercial construction
Residential and commercial construction
Residential and commercial construction
Residential and Commercial Construction
Printing and Publishing Industry
Key Capabilities Key Products & Services Core Markets
Market-driven science in Global brand strength Kevlar® fiber Constructionprotective chemicals, selective Strong value chain relationships Nomex® fiber and paper Protective apparelbarriers, high strength/ Robust new product development Specialty, performance, and Military/homeland securitytemperature materials, industrial chemicals Energyenvironmental solutions, Tyvek® protective material and Healthcareprotective/decorative surfaces other selective barriers Transportation
World-class safety reputation Corian® solid surfaces ConsumerSafety and operational consulting
and training
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
36
DuPont Advanced Fiber Systems www.dupont.com/afs
Kevlar® brand fiber Aerospace and aircraft Richmond, VA Isophthaloyl chloride DSMNomex® brand fiber and Automotive Osaka, Japan Metaphenylenediamine Hoechst/Celanese
paper Electrical equipment Tokai, Japan Paraphenylenediamine HoneywellElectronics Asturias, Spain Terephthaloyl chloride RhodiaMilitary/Law enforcement Maydown, TeijinProtective apparel United Kingdom ToyoboTelecommunications
DuPont Chemical Solutions Enterprise
Specialty & Performance Chemicals www.surfaceprotectionsolutions.dupont.com www.antec.co.uk www.dupont.com/teflon/carpetprotectorwww.polymerspecialties.dupont.com www.paperprotect.dupont.com www.chemoswed.comwww.dupont.com/fluoroguard www.dupont.com/glycolicacid www.dupont.com/lubricantswww.dupont.com/oxone www.dupont.com/releasesystems www.dupont.com/tyzorwww.dupont.com/vazo www.dupont.com/zonyl www.idiclo2.com
Anthium® chlorine dioxide Agriculture Walnut Creek, CA Acrylic esters Akzosolutions Chemical intermediates Deepwater, NJ Ammonia Asahi Glass
Fine chemicals Polymer intermediates North Kingstown, RI Caustic Clariant5-Sulfoisophthalic acid Textile Memphis, TN Formalin Daikin
derivatives Water treatment Belle, WV Hexafluoropropyleneoxide EastmanFluoroguard® polymer Villers-St. Paul, France Hydrogen cyanide Nippon Hydrazine
additive Malmö, Sweden Iodine Solvay/AusimontGlycolic acid Sudbury, United Kingdom Isophthalic acid SynetixKrytox® lubricants Ketones 3MOxone® monopersulfate MethanolStoneTech™ OleumTeflon® soil, rain, and Tetrafluoroethylene 1
stain protectors Titanium tetrachlorideTraSys® mold release
systems 1Tyzor® organic titanates 1Vazo® initiatorsVirkon® disinfectantVirkon® S disinfectantZonyl®, Forafac®, and
Foraperle® fluorochemicalintermediates andsurfactants
Industrial Chemicals www.dupont.com/dms www.dupont.com/sodium www.dupont.com/specintermediates www.dupont.com/sulfurproductswww.firstchem.com www.methylamines.dupont.com www.set.dupont.com www.stratco.dupont.com
Acrylonitrile Federal government Delaware City, DE Ammonia Air ProductsAlkylation technology Local governments Wurtland, KY Benzene Arch ChemicalsAniline Mining Burnside, LA Caustic BASFChlorosulfonic acid Oil refining LaPlace, LA Chlorine BayerDimethyl sulfate Polymer intermediates Pascagoula, MS Hydrogen BPHydrogen cyanide Textile Deepwater, NJ Isophthalic acid CytecMethylamines/ Urethane Niagara Falls, NY Methane Degussa
Methylamides intermediates Fort Hill, OH Methanol FMCNitrotoluenes Water treatment Memphis, TN Natural gas General ChemicalPhenylenediamines Baytown, TX Nitric acid MetauxPhthaloyl chlorides Beaumont, TX Oleum RhodiaSecure environmental James River, VA Sodium chloride
treatment Belle, WV SulfurSodium cyanide TolueneSodium/LithiumSulfuric acid (fuming
and nonfuming)Toluidines
DuPont Safety & Protection
Principal Products Major Markets Major Plants Major Raw Materials Significant Competitors
2005 DuPont Databook 37
DuPont Nonwovens www.tyvek.com www.sontara.com
Advanced Composite Carpeting Old Hickory, TN Polyester BBAFabrics (ACT) Clean rooms Richmond, VA Polyethylene Kimberly Clark
Needlepunch and Construction Cerquilho, Brazil Polypropylene PGIspunlace fabrics Contamination control Shenzhen, China Wood pulp
Sontara® spunlaced Pharma/Bio life sciences Utsunomiya, Japanproducts Electronics Luxembourg
Tyvek® brand protective Critical cleaning Asturias, Spainmaterial Aerospace
Typar® high-strength Automotivespunbonded products Food industry
PrintingEnvelopes/PackagingFootwearGeotextilesGraphicsHome furnishingsMedical and healthcarePersonal protection
DuPont Safety Resources www.dupont.com/safety
Integrated Consultative Healthcare Safety consulting firmsSolutions: Manufacturing
SafeReturns™ Food/AgricultureEmergency Response Oil and Gas/EnergyErgonomics Government/MunicipalitiesContractor Safety TransportationAsset Effectiveness AirCapital Effectiveness Rail
Safety Management TransitSystems: Trucking
Training servicesand seminars
Implementation SupportTraining materials –
STOP™ family Operations Risk Management
DuPont Surfaces www.corian.com www.zodiaq.com
Corian® solid surfaces Consumer goods Buffalo, NY Alumina trihydrate Gibralter/Wilson Art DuPont™ bath surfaces Education Toyama, Japan Methyl methacrylate (ITW)Granite certified by DuPont Food service Ulsan, Korea Quartz GraniteMontelli® solid surfaces Home and architectural Thetford Mines, Canada Polystyrene HiMacs/Lucky GoldstarSimplicity® solid surfaces interiors Guangzhou, China LaminateZodiaq® quartz surfaces Lodging Xishui, China Silestone/Cosentino
Medical and healthcare Staron/SamsungRetail fixtures Topstone/Hanwha
DuPont Safety & Protection
On October 1, 2001, DuPont Pharmaceuticals was sold to the Bristol-Myers Squibb Company. DuPontretained its interest in Cozaar® (losartan potassium) and Hyzaar® (losartan potassium withhydrochlorothiazide). These AIIA drugs were discovered by DuPont and developed in collaborationwith Merck, and are used in the treatment of hypertension. The U.S. patents covering the compounds,pharmaceutical formulation, and use for the treatment of hypertension, including approval for pediatricuse, will expire in 2010. DuPont has exclusively licensed worldwide marketing and manufacturingrights for Cozaar® and Hyzaar® to Merck. Pharmaceuticals receives royalties and net proceeds asoutlined in these licenses and related agreements. Merck is responsible for manufacturing, marketing,and selling Cozaar® and Hyzaar®.
In September 2002, the U.S. Food & Drug Administration (FDA) approved Cozaar® to reduce therate of progression of nephropathy (kidney disease) in Type 2 diabetic patients with hypertensionand nephropathy (hereafter referred to as the RENAAL study). Through 2005, approvals based onthe RENAAL study have been granted in 53 countries, with further approvals pending.
The Losartan Intervention For Endpoint reduction in hypertension study (LIFE) results were reportedand published in March 2002 at the annual meeting of the American College of Cardiology. Thestudy found that the use of Cozaar® significantly reduced the combined risk of cardiovasculardeath, heart attack, and stroke in patients with hypertension and left ventricular hypertrophy (LVH)compared to the beta-blocker atenolol. In March 2003, the FDA approved Cozaar® as the first andonly hypertensive medicine to reduce the risk of stroke in patients with hypertension and LVH. Intotal, 62 countries have granted regulatory licenses to Cozaar® based on the LIFE study. In 2005, theFDA approved Hyzaar® to reduce the risk of stroke based on the LIFE study.
The FDA granted a new indication for Hyzaar® in 2004 for use in patients with severehypertension. This fixed dose combination is not indicated for initial therapy of hypertension,except when the hypertension is severe enough that the value of achieving prompt bloodpressure control exceeds the risk of initiating combination therapy in these patients. In 2005,Hyzaar® 100-12.5 mg tablets were introduced, offering a new treatment alternative for doctorswith patients whose blood pressure is not adequately controlled by Cozaar® 100 mg alone.
38
Pharmaceuticals
Overview (dollars in millions)
2005 2004 2003Pretax operating income $751 $681 $571Pretax operating income – before significant items 751 681 548
Provision for income taxes 263 238 216
Segment net assets 169 159 140Affiliate net assets 43 36 38
2004
(dollars in millions)
$1,000
2003
$200
$400
$600
$800
2005
Pretax operating income –before significant items
2005 DuPont Databook 39
NORTH AMERICA
CanadaAjax Automotive finishesChatham Agricultural seedGeorgetown Agricultural seedKingston Zytel® and Minlon® nylon resinsLethbridge Agricultural seedMaitland Zytel® and Minlon® nylon resins; Ontario LiquiBoxThetford Mines Zodiaq® quartz surfacesToronto LiquiBoxSarnia Ethylene copolymers
MexicoAltamira Ti-Pure® titanium dioxideCuliacan Agricultural seedLerma Crop protectionTlalnepantla Automotive finishes; engineering
polymers
United States (See page 40)
SOUTH AMERICA
ArgentinaBerazategui Zytel® and Minlon® nylon resins;
industrial rubberSalto Agricultural seed
BrazilCamacari Industrial rubber and polymerCerquilho Needlepunch and spunlace fabricsEsteio Soy protein isolate food ingredientFormosa Agricultural seedGoiabal Crop protectionItumbiara Agricultural seedNordeste Zytel® nylon resinPlanaltina Agricultural seedSao Paulo Automotive finishesUberaba Ti-Pure® titanium dioxide
ChilePaine Agricultural seed
ColombiaBarranguiela Crop protection
VenezuelaValencia Automotive finishes
EUROPE AND MIDDLE EAST
AustriaGuntramsdorf Automotive finishes and industrial
coatingsParndorf Agricultural seed
Czech RepublicZlin PVB Interlayer
BelgiumIeper Soy protein isolate food ingredientMechelen Teflon® nonstick coatings; automotive
finishes; engineering polymers; Vespel® parts and shapes
DenmarkAarhus Soy protein concentrate food
ingredient
EgyptCairo Industrial rubberMeet Bera Agricultural seedToukh Agricultural seed
FranceAussonne Agricultural seedBordeau Soy protein concentrate food
ingredientCernay Crop protectionLe Mans Automotive and industrial finishesMontbrison Powder coatingsParis LiquiBoxVillers-St. Paul Surface protection and
fluoroadditives
GermanyBuxtehude Agricultural seedLandshut Powder coatingsMuehlhausen Industrial rubberNeu Isenburg Cyrel®, Digital Cyrel®, Cyrel®FAST
flexographic printing plates andCyrel® round printing sleeves
Stade Tyrin® chlorinated polyethyleneUentrop Engineering polymers; Butacite®
polyvinyl butyral interlayer; nylon intermediates, specialties, and polymer
Vaihingen Permatex® industrial coatings Wuppertal Automotive and industrial finishes
HungarySzarvas Agricultural seed
ItalyBolzano Crop protectionSissa Agricultural seed
Luxembourg Cronar® polyester photographic film base; polyester films; engineering polymers; Tyvek® brand protective material; Typar® high-strength spunbonded products; Kapton®
polyimide film
The NetherlandsDordrecht Delrin® acetal resins; Teflon®
fluoropolymer; Viton®
fluoroelastomer; ethylene copolymers; fluorochemicals
Landgraaf Tynex® nylon filaments
SpainAsturias Nomex® brand fiber; Sontara®
spunlaced products; crop protection
SwedenMalmö Fine chemicals
SwitzerlandBulle Powder coatingsMeyrin Research laboratories
TurkeyAdana Agricultural seed; dimethyl
terephthalate (DMT)Izmit Industrial rubber
United KingdomBristol Microcircuit materialsCorby Food ingredientsDarlington Powder coatingsDumfries Polyester filmsEast Kilbride PlasmaSolv® and Posistrip® removers Humberside Dymel® aerosol propellantsManchester LiquiBoxPeterborough Soy protein-based consumer food
productsRuabon Microplanar® chemical mechanical
planarization formulations; Syton®
and Mazin® colloidal silica slurriesWilton Purified terephthalic acid (PTA) and
resins; polyester films
AFRICA
EthiopiaAddis Ababa Agricultural seed
South AfricaRosslyn Agricultural seed
ZimbabweJuru Agricultural seed
ASIA PACIFIC
AustraliaGirraween Crop protectionNarromine Agricultural seed
ChinaChangchun Automotive finishesChangshu Hydrofluorocarbon blend
refrigerantsChendo Powder coatingsDongguan Microcircuit materials,
powder coatingsFoshan Polyester filmsGuangzhou Montelli® solid surfacesHuangshan Powder coatingsJiuquan Agricultural seedLoehe Soy protein isolate food ingredientNingbo Polyester filmsQingdao Industrial rubber
Shanghai Crop protection; research laboratories
Shenzhen Riston® dry film photoresists; engineering polymers; Sontara®
spunlaced products; Tyvek® brandprotective material; Teflon®
nonstick coatings, Zytel® nylon resin; LCD enhancement; LiquiBox
Wuhan Soy protein isolate food ingredientsand oils
Wuxi Nylon filamentsXishui Montelli® solid surfacesYun Meng Soy protein isolate food ingredientZhangjigang Delrin® polyacetalZhengzhou Soy protein isolate food ingredient
IndiaHyderabad Agricultural seedMadurai Tynex® nylon filaments; Teflon®
non-stick coatingsSavli Engineering polymers; crop
protection; LiquiBox
IndonesiaCiteureup Industrial rubberJakarta Polyester filmsMalang Agricultural seedSurabaya Crop protection
JapanChiba Suva® refrigerants; ethylene
copolymersGifu Polyester filmsHitachi Pyralin® polyimide coatingsIbaraki Polyester filmsMizushima Kapton® polyimide filmOsaka Nomex® brand paperOtake Ethylene copolymersSagamihara Polyester filmsShimizu Teflon® fluoropolymer;
fluorochemicalsTokai Kapton® polyimide film; Kevlar®
brand fiberTokyo Soy protein isolate food ingredientToyama Corian® solid surfacesToyohashi Riston® dry film photoresistsUtsunomiya Engineering polymers; Tyvek® brand
protective material; polyester films
PakistanSahiwal Agricultural seed
PhilippinesCabuyao Crop protectionPolomolok Agricultural seed
Republic of KoreaGumi Adhesiveless flexible copper clad
laminatesIchon Riston® dry film photoresistsSeoul Research centerUlsan Butacite® polyvinyl butyral
interlayer; engineering polymers; Corian® solid surfaces
Singapore Zytel® and Minlon® nylon resins; specialties, and polymer; Delrin® acetal resins;
TaiwanHsinchu Rexon® flexible laminatesKuan Yin Ti-Pure® titanium dioxide; nylon yarns;
purified terephthalic acid (PTA)Lung Tan Crop protectionTaoyuan ATS customer research;
microcircuit materials; Fodel®
thick film photoprintable compositions
ThailandBangpoo Crop protectionLampoon Agricultural seed
Major Global Sites and Principal Products (includes joint ventures and major affiliates)
40
AlabamaMobile Crop protection
ArizonaPocahontas Agricultural seed
CaliforniaFresno Agricultural seedHayward Planarization formulations;
PlasmaSolv® and Posistrip®
removersSacramento LiquiBoxSanta Barbara Polymer-OLED (organic light-
emitting diode) display devicesTorrance LCD enhancementWalnut Creek StoneTech™Woodland Agricultural seed
ConnecticutBridgeport Security and authentication
solutions
DelawareDelaware City Refinery solutionsEdge Moor Ti-Pure® titanium dioxide;
ferric chlorideNewark
Pencader Vespel® parts and shapesStine-Haskell Lab ResearchTralee Park Kalrez® perfluoroelastomer parts
Wilmington Corporate headquarters, customer service center
Experimental Station Research and development
FloridaLake Wales LiquiBoxStarke Zircon; Starblast® abrasives
GeorgiaValdosta Crop protection
HawaiiKekaha Agricultural seedWaialu Agricultural seed
IdahoNampa Agricultural seed
IllinoisEl Paso Crop protectionGibson City Soy protein concentrate
food ingredientGood Hope Agricultural seedLe Roy Agricultural seedLitchfield Agricultural seedMcLeansboro Agricultural seedPrinceton Agricultural seedShelbyville Agricultural seedSt. Joseph Agricultural seedUtica Agricultural seedWoodhull Agricultural seed
IndianaMt. Vernon Agricultural seedPlymouth Agricultural seedRemington Soy protein concentrate
food ingredientRushville Agricultural seedTipton Agricultural seedWorthington Agricultural seed
IowaAlgona Agricultural seedCherokee Agricultural seedDurant Agricultural seedDysart Agricultural seedFort Madison Automotive finishes; ink jet inksHedrick Agricultural seedJohnston Agricultural seedMarengo Agricultural seedMt. Pleasant Agricultural seedReinbeck Agricultural seedRenwick Agricultural seedToledo Agricultural seedWaterloo Agricultural seed
KentuckyLouisville Neoprene synthetic rubber;
fluorochemicals; soy protein-based industrial polymer products
Wurtland Sulfur products and specialty acids
LouisianaBurnside Sulfur products and specialty
acidsLa Place Neoprene synthetic rubber;
phenylenediaminesPlaquemine Tyrin® chlorinated polyethylene;
HDPE; Nordel® hydrocarbon rubber engage polyolefin elastomer
MichiganConstantine Agricultural seedMount Clemens Automotive finishes
MinnesotaJackson Agricultural seedMinneapolis Soy protein-based consumer
food products
MississippiDe Lisle Ti-Pure® titanium dioxidePascagoula Aniline and nitrololuene
derivatives
NebraskaDoniphan Agricultural seedYork Agricultural seed
New JerseyDeepwater Specialty and performance
chemicals; fluorochemicals;elastomers; industrial chemicals
Parlin Cyrel®, Digital Cyrel®, and Cyrel®FAST flexographic printing plates and Cyrel® round printing sleeves; Teflon® and Autograph®
nonstick coatings; Pyralin®
polyimide coatings
New YorkBuffalo Corian® solid surfaces; Tedlar®
PVF filmNiagara Falls Sodium and lithiumRochester Ink jet inks
North CarolinaFayetteville Butacite® polyvinyl butyral
interlayer; Nafion® ion exchange membranes; polyester film
Laurel Hill Industrial rubberLaurinburg Agricultural seedResearch Triangle Park Electronic materials R&D and
customer service centerWhiteville Industrial rubber
North DakotaWahpeton Agricultural seed
OhioAshland LiquiBoxBellevue Soy protein concentrate
food ingredientCircleville Vespel® parts and shapes; Kapton®
polyimide film; polyester films; Teflon® fluoropolymer
Cleveland Vespel® parts and shapesDayton Polymers for IC photoresistsFort Hill Sulfur products and specialty
acidsGrand Rapids Agricultural seedUpper Sandusky LiquiBoxWashington LiquiBox
OklahomaPryor Soy protein concentrate
food ingredient
PennsylvaniaElizabethtown Agricultural seedTowanda Riston® dry film photoresists and
Pyralux® flexible laminates;Cromalin®, Dylux®, Thermal 4-Color proofing; Cyrel® coversheets, Inkjet barrier films,Green TapeTM low temperature co-fired ceramic; photopolymerholographic film
Rhode IslandNorth Kingstown Specialty chlorine dioxide
South CarolinaCharleston Crastin® PBT polyester resins;
Hytrel® polyester elastomer Florence Polyester films; Cronar® polyester
photographic film base
TennesseeChattanooga Zytel® and Minlon® nylon resins;
ZeniteTM LCP (liquid crystal polymer) resins; industrial rubber
Memphis Hydrogen cyanide and derivatives;soy protein isolate food ingredient; Oxone® monopersul-fate; agricultural seed
New Johnsonville Ti-Pure® titanium dioxideOld Hickory Sontara® spunlaced products;
Crystar® specialty resin;Biomax® hydro/biodegradablepolyester resin; polyester films
TexasBayport Kapton® polyimide filmBaytown AnilineBeaumont Acrylonitrile and aniline; Hypalon®
chlorosulfonated polyethyleneCorpus Christi Suva® refrigerants; Formacel®
blowing agents; Dymel® aerosolpropellants
Houston Powder coatings; crop protectionLaPorte Elvanol® polyvinyl alcohol resins;
crop protection; fluorochemicalsOrange Specialties and polymer; ethylene
copolymersPlainview Agricultural seedVictoria Ethylene copolymersWeslaco Agricultural seed
UtahLogan Holographic optical elements
and security authenticationholograms
VirginiaFront Royal Automotive finishesHopewell Polyester filmsJames River Sulfur products and specialty acidsRichmond Polyester films; Tyvek® brand
protective material; Kevlar®
brand fiber; Nomex® brand fiberand paper; Zytel® and Minlon®
nylon resins
WashingtonConnell Agricultural seed
West VirginiaBelle Dymel® aerosol propellants;
methylamines/methylamides;dimethyl sulfate; glycolic acid;Vazo® initiators
Parkersburg Teflon® and Tefzel® fluoropolymers;Butacite® polyvinyl butyral interlayer; Zytel® and Minlon®
nylon resins; Delrin® acetalresins; Rynite® PET and Crastin®
PBT polyester resins; Hytrel®
polyester elastomer; ZeniteTM
LCP (liquid crystal polymer)resins; Tynex® filaments
Puerto RicoManati Crop protection; microcircuit
materials; Fodel® thick film photo-printable compositions
Major U.S. Sites and Principal Products (includes joint ventures and major affiliates)
On the Cover: This Yuzen-dyed kimono,depicting various elements of nature,represents a 300-year-old history andtradition in Kyoto, Japan. Now DuPont™Artistri™ digital printing for textilesblends an ancient art with 21st centurytechnology to create stunning kimonosilk judged in competition and in themarketplace to be comparable to silkprinted using traditional methods.
DuPont Investor Relations 1007 Market Street Wilmington, DE 19898(302) 774 4994 Fax: (302) 773 2631 www.dupont.com
Copyright© 2006 DuPont. All Rights Reserved.The DuPont Oval Logo, DuPont™, The miraclesof science™ and all products denoted with ™and ® are trademarks or registered trademarksof DuPont or its affiliates.
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