Highlights:
• DuPont’s fourth-quarter 2009 earnings were $.48 per share, compared to a fourth-quarter 2008 loss of $.70 per share. Excluding significant items, fourth-quarter 2009 earnings were $.44 per share versus a $.28 per share loss in the prior year (see Schedule B.)
• Sales of $6.4 billion were up 10 percent versus prior year, led by sales growth greater than 20 percent for titanium dioxide, electronic materials, performance polymers and seed products.
• Volume grew 10 percent, with increases in all regions. Asia Pacific sales exceeded pre-recession levels with volume up 34 percent versus prior year, reflecting very strong demand in China, Japan, Korea and India.
• Raw material, energy and freight costs for the fourth-quarter were about 20 percent lower after adjusting for currency and volume.
• The company exceeded its full-year goal to deliver $1 billion of fixed cost reductions and productivity actions.
• Full-year 2009 earnings were $1.92 per share versus $2.20 in 2008. Excluding significant items, 2009 earnings were $2.03 per share versus $2.78 in the prior year.
• Full-year free cash flow of $3.4 billion achieved the company’s goal, reflecting capital productivity and favorable currency impact.
• DuPont increased its full-year 2010 earnings guidance to a range of $2.15 to $2.45 per share.
The previous guidance was $2.10 to $2.40 per share.
“Across the organization, DuPont delivered on its commitments in 2009,” said DuPont Chair and CEO Ellen Kullman. “We intend to emerge stronger in 2010 by building on the work we accomplished last year, with a focus on sales growth through market-driven innovation and operating leverage. We remain
committed to compound annual growth targets of 10 percent for top-line and 20 percent for earnings through 2012.”

Global Consolidated Sales and Net Income
Fourth-quarter 2009 consolidated net sales of $6.4 billion were 10 percent higher than prior year, reflecting 10 percent higher volume, 3 percent lower local prices, a 4 percent positive impact from currency exchange rates and a 1 percent reduction from portfolio changes.
The table below shows regional sales and variances versus fourth-quarter 2008.
(dollars in billions) $
% Change - Local Currency Price - Currency Effect- Volume- Portfolio/Other
U.S. $ 1.9 (2) (5) - 4 (1)
EMEA* 1.8 6 (1) 6 1 -
Asia Pacific 1.6 36 (3) 5 34 -
Canada & Lat. America 1.1 12 (5) 8 9 -
Total Consolidated Sales $ 6.4 10 (3) 4 10 (1)
* Europe, Middle East & Africa
Net income attributable to DuPont for the fourth-quarter 2009 was $441 million versus a $629 million loss in the prior year. Net income excluding significant items was $402 million versus a $249 million loss in the prior year. The improvement reflects significantly higher sales volume, lower variable cost and currency benefit.

Outlook
DuPont remains committed to its 20 percent compound annual earnings growth goal for the 2009-2012 time period and 2010 free cash flow target of greater than $1.5 billion as announced November 2009. DuPont today increased its full-year 2010 earnings guidance to a range of $2.15 to $2.45 per share versus the previous guidance of $2.10 to $2.40 per share. Due to strong pension fund performance, the company now expects pension expense to be about $.10 per share, lower than originally anticipated. In addition, the company is estimating a first-quarter $.05 per share exchange loss resulting from devaluation of the Venezuelan currency.
“In 2010, we will continue the momentum generated from last year’s aggressive cost-cutting and cash-generating actions,” Kullman said. “We remain confident in our performance outlook for 2010, based on improving economic conditions coupled with well-positioned and streamlined businesses. Each one
of our business units has clear targets, our leaders understand their accountability and our teams are poised to deliver in 2010.”

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