Southern Hemisphere growth and pipeline advances keep platform on target
DuPont today updates investors on DuPont Agriculture & Nutrition progress since its September 14 presentation on the growth strategy and pipeline for its seed, crop protection and soy ingredient businesses that generated $6.2 billion in revenue in 2004.
The company continues to see strong, balanced growth from Agriculture & Nutrition in Brazil. Excellent product performance is driving Pioneer Hi-Bred International seed sales growth of more than 40 percent over 2004 despite difficult economic conditions in the region. Introductory sales of biotech soybean varieties are positioning the company for further growth in that market in 2006. Crop Protection sales in Brazil are up 7 percent with strong performance, notably in the sugarcane market.
The Agriculture & Nutrition sales and earnings outlook for the fourth quarter and full year is unchanged. The segment is on track for 2005 earnings growth in the high-teens for its fourth consecutive year.
Agriculture & Nutrition recently achieved a number of key successes in bringing its pipeline to the market:
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Herculex® RW
Rootworm Protection and Herculex® XTRA, which contains both the Herculex® I Insect Protection and Herculex® RW
Rootworm Protection traits,
now have full U.S. regulatory approval . The approvals allow Pioneer to sell corn hybrids with these traits in the U.S. for 2006 planting.
Herculex® XTRA guards against a broader range of insects than other competitive products now available to growers. The corn rootworm trait provides excellent root protection and dramatically reduces adult rootworm emergence. Furthermore, early harvest results indicate Herculex® RW and Herculex® XTRA achieved 16-19 bushels yield advantage compared with corn protected with insecticides in drought-stressed locations.
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Herculex® I Insect Protection received approval for import and processing for feed use from the EU Commission. Meaningful imports to the EU of grain from hybrids with the Herculex® I trait will begin to occur only after it also has been approved in the EU for "food" use, which is expected in early 2006. Herculex® I has already been approved in 12 other countries around the world.
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Since September, DuPont Crop Protection has been granted U.S. registrations for two new herbicide blends: DuPont™ Affinity™ BroadSpec herbicide for the control of tough broadleaf weeds in wheat and barley, and Velpar™ K4, a broad spectrum herbicide for sugarcane production. Year to date, Crop Protection has received U.S. registrations for six new herbicide blends. All are based on patented, proprietary blend technology.



Use of Non-GAAP Measures
This press release and included charts include company information that does not conform to generally accepted accounting principles (GAAP). Management believes that an analysis of this data is meaningful to investors because it provides insight with respect to ongoing operating results of the company and allows investors to better evaluate the financial results of the company. These measures should not be viewed as an alternative to GAAP measures of performance. Furthermore, these measures may not be consistent with similar measures provided by other companies.
This data should be read in conjunction with previously published company reports on forms 10-K, 10-Q and 8-K. These reports along with reconciliations of non-GAAP measures to GAAP are available on the investor center of www.dupont.com .
DuPont is a science company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and protective apparel.
Forward-Looking Statements:
This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations.
11/4/05