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Dupont Sees 2019 Safety & Construction Net Sales Down 2-3 Pct On A Reported Basis - Presentation


Thursday, 21 Feb 2019 08:30am EST 

Feb 21 (Reuters) - DowDuPont Inc ::DUPONT- MODEST DECELERATION IN GLOBAL ECONOMY, DESTOCKING IN SELECT END MARKETS THAT BEGAN LATE Q4 EXPECTED TO CONTINUE INTO H1 2019 - PRESENTATION.DUPONT - ANTICIPATE TOP-LINE CURRENCY HEADWIND OF ABOUT $200-$250 MILLION PRIMARILY DRIVEN BY THE EUR AND CNY IN 2019.DUPONT SEES NEGATIVE PORTFOLIO IMPACT ON NET SALES FROM ANNOUNCED DIVESTMENTS IN 2019.DUPONT SAYS FORECASTED 2019 ORGANIC REVENUE GROWTH OF ABOUT 2-3% AND UNDERLYING ADJUSTED OPERATING EBITDA GROWTH OF ABOUT 3-5% - PRESENTATION.DUPONT - EXPECT RAW MATERIAL AND FREIGHT HEADWINDS OF ABOUT $200 MILLION IN 2019; PRIMARILY IN THE FIRST HALF AS HIGHER COSTS CARRY INTO 2019.DUPONT SEES 2019 LOWER EQUITY AFFILIATE INCOME DUE TO LOWER CUSTOMER SETTLEMENTS AS COMPARED TO THE PRIOR YEAR FROM OUR HEMLOCK JOINT VENTURE.DUPONT- SEES 2019 NET SALES OF $22.4 BILLION - $22.6 BILLION.DUPONT - ESTIMATED ADJUSTED OPERATING EBITDA FOR 2019 $6.3 BILLION TO $6.4 BILLION.DUPONT- SEES 2019 CAPEX OF 4-5% OF NET SALES (ABOUT $1 BILLION).DUPONT- 2019 NET SALES GROWTH GUIDANCE FOR SPECIALTY PRODUCTS DIVISION OF DWDP ABOUT FLAT, AS REPORTED.DUPONT- SEES 2019 ORGANIC NET SALES GROWTH FOR SPECIALTY PRODUCTS DIVISION OF DWDP UP 2-3%, EXCLUDES PORTFOLIO OF ABOUT -2%, CURRENCY OF ABOUT -1%.DUPONT- AS A STAND-ALONE CO, ANTICIPATE ABOUT $2 BILLION EXCESS CASH ANNUALLY TO FUND STRATEGIC M&A OR ADDITIONAL SHAREHOLDER REMUNERATION.