WILMINGTON, Del., Nov. 8, 2018 ‚Äď Today, Corteva Agriscience‚ĄĘ, the Agriculture Division of DowDuPont, at its investor day in New York City, outlined its plans to become a global pure-play agriculture company following its intended separation from DowDuPont on June 1, 2019. The sessions were led by future Chief Executive Officer, James C. Collins, Jr.
As part of the DowDuPont Investor Day, Collins and other members of the Corteva Agriscience senior leadership team provided a detailed view of the company‚Äôs strategy to deliver growth and shareholder value by leveraging its industry-leading innovation engine to successfully launch new products targeted to famer needs, optimizing its organizational structure and go-to-market strategy, and maximizing return on invested capital through discipline and productivity.
"We are pleased to share with the investment community an in-depth look at our growth strategy and the significant progress we have made in preparing the company to compete successfully and become the independent global industry leader we envision,‚ÄĚ said Collins. "We have positioned Corteva Agriscience to capitalize on its unique strengths, including our ability to offer farmers complete solutions, based on the most balanced and diverse portfolio across seed, crop protection, and digital, as well as our geographic scale, leading market positions, and unique route to market capabilities. Through disciplined, customer-focused execution we will build on our competitive advantages, provide our customers with the best, most sustainable solutions and increase returns for our shareholders."
Future Chief Financial Officer Greg Friedman provided an overview of the financial profile and the company‚Äôs path to driving shareholder value-creation. Commenting on the company‚Äôs plans, Friedman said, ‚ÄúWe expect to deliver sales growth above the market, led by new product launches from our industry-leading pipeline. We plan to drive margin expansion and above-market growth on the bottom line as well through a continued focus on cost synergy delivery, cost-competitiveness and enhanced product mix, all while maintaining a relentless focus on ROIC and shareholder returns.‚ÄĚ
Friedman outlined how the company plans to align its financial policy to deliver strong returns including through:
Additional members of the Corteva management team provided an overview on the company‚Äôs strategic path and progress including:
The Investor Day presentations outlined the company‚Äôs five priorities for shareholder value creation, including:
The recorded event drew more than 200 attendees. The webcast replay and presentation materials can be accessed at http://www.dow-dupont.com/investors/events-and-presentations.
About Corteva Agriscience‚ĄĘ, Agriculture Division of DowDuPont
Corteva Agriscience‚ĄĘ, Agriculture Division of DowDuPont (NYSE: DWDP), is intended to become an independent, publicly traded company when the previously announced spinoff is complete by June 2019. The division combines the strengths of DuPont Pioneer, DuPont Crop Protection and Dow AgroSciences. Corteva Agriscience‚ĄĘ provides growers around the world with the most complete portfolio in the industry ‚ÄĒ including some of the most recognized brands in agriculture: Pioneer¬ģ, Encirca¬ģ, the newly launched Brevant‚ĄĘ Seeds, as well as award-winning Crop Protection products ‚ÄĒ while bringing new products to market through our solid pipeline of active chemistry and technologies. More information can be found at www.corteva.com.
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Gregg M. Schmidt