DuPont

Rank on Fortune 500 = 86

Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in approximately 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, Type Public nutrition, electronics, communications, safety and NYSE: DD protection, home and construction, transportation NYSE: DDPRB and apparel. Traded as NYSE: DDPRA DuPont puts science to work by creating Average Component sustainable solutions essential to a better, safer, S&P 500 Component Industry Chemicals healthier life for people everywhere. Operating in approximately 90 countries, DuPont offers a wide Founded 1802 range of innovative products and services for Founder(s) Eleuthre Irne du Pont markets including agriculture, nutrition, electronics, communications, safety and Headquarters Wilmington, Delaware, U.S. protection, home and construction, transportation Key people Ellen J. Kullman and apparel. (Chairman, President and In 1802, DuPont was primarily an explosives CEO) company. One hundred years ago, our focus turned to chemicals, materials and energy. Today, Revenue US$ 32.733 billion (2010) we deliver science-based solutions that make real Operating US$ 3.711 billion (2010) differences in people's lives around the world in income areas such as food and nutrition, health care, apparel, safety and security, construction, Net income US$ 3.042 billion (2010) electronics and transportation. Look closely at the Total assets US$ 40.410 billion (2010) things around your home and workplace, and chances are, you'll find dozens of items made with Total equity US$ 9.743 billion (2010) DuPont materials. Our ability to adapt to change Employees 60,000 (2010) and our foundation of unending scientific inquiry has enabled DuPont to become one of the world's Website DuPont.com most innovative companies. But, in the face of constant change, innovation and discovery, our core values have remained constant: commitment to safety and health; environmental stewardship; high ethical behavior; and respect for people.
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What has this commitment allowed us to accomplish? Take a look: 2010 revenues: $31.5 billion Employees: 60,000 worldwide Global: Operating in approximately 90 countries worldwide R&D: More than 75 research and development and customer service labs in 12 countries around the world.

CHAIR OF BOARD AND CHIEF EXECUTIVE OFFICER Ellen Kullman is chair of the board and chief executive officer of DuPont. Ellen is the 19th executive to lead the company in more than 207 years of DuPont History. She became CEO on Jan.1, 2009 and chair of the board on Dec. 31, 2009. A native of Wilmington, Del., Ellen began her career at DuPont in 1988. She holds a Bachelor of Science degree in mechanical engineering from Tufts University and a masters degree in management from Northwestern University. Ellen is on the board of trustees at Tufts University, serves on the board of overseers at Tufts University School of Engineering. She is a member of the U.S.-India CEO Forum. Fortune 500: 86st largest U.S. industrial/service Corporation. Brands: Includes the DuPont Oval and DuPont (The "DuPont Brand Trademarks"); Pioneer brand seeds, Teflon fluoropolymers, films, fabric protectors, fibers, and dispersions; Corian solid surfaces; Kevlar high strength material, and Tyvek protective material.

OUR VISION Our vision is to be the world's most dynamic science company, creating sustainable solutions essential to a better, safer and healthier life for people everywhere. CORE VALUES AND GROWTH STRATEGIES The core values of DuPont are the cornerstone of who we are and what we stand for. They are: safety and health, environmental stewardship, highest ethical behavior, and respect for people. The company has three growth strategies: Put Science to Work, Go Where the Growth Is, and Capitalize on the Power of One DuPont. 1. Put Science to Work DuPont is a science company. Science and innovation are at the heart of everything we do, helping form the capabilities, offerings and competitive advantages of all of our products,

technologies and businesses. Our fundamental goal is to create new products customers need or develop new uses for existing products. Listening to the voice of the customer ensures that our innovation is driven by concrete market opportunities. In 2006, 34 percent of our sales came from products introduced in the past five years. DuPont science is dynamic science. We are constantly finding new ways to create sustainable solutions for an extraordinary breadth of industries. Strengths in polymer science, chemistry, physics and engineering built the modern DuPont. Broadening our commitment to address human needs, our world-class capabilities in biology are increasingly integrated into our traditional areas of science and technology. There is exciting growth potential in our R&D pipeline and the company is on its way to achieving our goal of 30 percent improvement in R&D productivity by 2010. The results from our science are numerous and have a broad impact on everyday life, including: improved quality and productivity of crops; energy-saving building products; lighter and more fuel efficient vehicles; clearer, more vibrant displays on televisions and computer screens; and better personal protection for people and safer buildings and vehicles. 2. Go Where the Growth Is When DuPont says we are "going where the growth is" we have two destinations in mind geographic markets and product market spaces with unmet needs that present unique opportunities for DuPont offerings and innovations. Emerging geographic markets are a rich source of growth for DuPont, not just because they are expanding rapidly, but also because DuPont already has a strong presence in many of them, including China, India, Brazil, and Central and Eastern Europe. Markets with unmet needs that DuPont uniquely can fill range from transportation to communications to agriculture to construction. By adjusting both our business focus and our geographic distribution of resources to meet fundamental shifts in global markets, DuPont will continue going where the growth is for many years to come. Examples of DuPont's commitment to "go where the growth is" include: plans to build a worldscale titanium dioxide plant in China to serve the coatings and plastics industries; developing offerings for the oil and gas market in Canada, Northern Europe and Latin America; with our partner BP, developing biofuels based on crops such as sugar beets in Europe, corn in North America, and sugar cane in Brazil; and as part of our Building Innovations business, introducing new offerings to protect structures, as well as to make them more energy efficient and safer for people. 3. The Power of One DuPont Operationally, DuPont is organized around five business platforms, each with several groupings of businesses. Functional organizations ranging from operations to human resources to sourcing support the businesses. To help deliver business results, employees are expected to

leverage market access, scientific capabilities, customer relationships and functional competencies as One DuPont. Collaboration creates greater opportunities for the entire company and increases our productivity at the same time. With more than 200,000 customers worldwide, meeting customer needs is a top priority. DuPont has dedicated teams who support the approximately 200 strategic customers or "corporate strategic accounts" that buy products from more than one of our growth platforms. The team works in a collaborative way to identify new value-creating opportunities that help these customers win in their markets. Productivity and quality improvements are fundamental to achieving sustainable growth. DuPont increases productivity by streamlining and standardizing supply chains and support functions globally to generate both cost and working capital savings. Streamline to Grow is a three-year effort that aims to integrate a number of programs that will contribute to achievement of the fixed cost productivity goal. With Six Sigma methodology as the cornerstone of this broad-based effort, work underway across all of the company's supply chains is equally important. Some of the tools that are being used to increase fixed cost productivity are: Lean Six Sigma projects on asset optimization and cross-site leveraging; DuPont Integrated Business Management (DIBM) which enables us to run our businesses in an integrated and optimized way; and; more effective use of integrating systems, such as SAP. By making continuous improvement in these areas, the company will strengthen our end-toend supply chain capability while delivering products and services to customers on time, on quality, every time - a testament to the power of One DuPont. DuPont BUSINESSES DuPont businesses are aligned to increase our speed and effectiveness in meeting customer needs. Pioneer Hi-Bred Crop Protection Nutrition & Health Electronics & Communications Performance Coatings Performance Polymers Packaging & Industrial Polymers Protection Technologies Building Innovations Sustainable Solutions Chemicals & Fluor products

Titanium Technologies Applied Biosciences

DOW CHEMICALS The Industry Leader.

Rank on Fortune 500 = 46
Dow (NYSE: Dow) combines the power of science and technology with the Human Element to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the worlds most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dows diversified industry-leading portfolio of specialty chemical, advanced materials, agro sciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Companys more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. DOW PRODUCT AND SERVICES Whatever the industry, we have the technology, creativity and expertise to help you differentiate. When it comes to helping you gain market share, we understand that time-tomarket is critical. We are at the forefront of the specialty materials industry to keep you ahead of yours. We are always thinking about how to help you revolutionize your products. Benefit from our expertise in nine industries worldwide. Your resource is a network of more than 100 manufacturing, technical research and customer service sites. We assemble teams across industry specialties to create products that help you succeed. Agriculture & Food Building & Construction Electronics & Entertainment Healthcare & Medical Household Goods & Personal Care Industrial Oil & Gas Packaging, Paper & Publishing Plastics Transportation Utilities Water & Process Solutions

FINANCIAL RATIOS
RATIOS DEFINATION
The Quick Ratio, also known as the Acid Test Ratio, is defined as Total Current Assets minus Total Inventory divided by Total Current Liabilities for the same period. This is the ratio of Total Current Assets divided by Total Current Liabilities for the same period.

DuPont

Dow Chemicals

Quick Ratio

1.53

1.2

Current Ratio

2.08

1.7

Total Debt to Equity

This ratio is Total Debt divided by Total Shareholder Equity for the same period.

113.34%

105%

Assets Turnover

This value is calculated as the Total Revenues divided by the Average Total Assets. The Average Total Assets is defined as the Total Assets for the 5 most recent quarters divided by 5.

0.84

0.89

Inventory Turnover

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold divided by Average Inventory. Average Inventory is calculated by adding the Inventory for the 5 most recent quarters and dividing by 5.

4.54

6.5

Net Profit Margin

Gross Margin

Also known as Return on Sales, this value is the Income After Taxes divided by Total Revenue for the same period and is expressed as a percentage. This value measures the percent of revenue left after paying all direct production expenses. It is calculated Total Revenue minus Cost of Goods Sold divided by Total Revenue and multiplied by 100.

9.89%

4.3%

26.85%

14.7%

Operating Margin

This value measures the percent of revenues remaining after paying all operating expenses. It is calculated as Operating Income divided by Total Revenue, multiplied by 100. Operating Income is defined as Total Revenue minus Total Operating Expenses

11.27%

8.73%

Return On Equity

This value is the Income Available to Common Stockholders divided by the Average Common Equity and is expressed as a percentage. Average Common Equity is calculated by adding the Common Equity for the 5 most recent quarters and dividing by 5.

36.29%

11.5%

Return on Assets

This value is the Income After Taxes divided by the Average Total Assets, expressed as a percentage. Average Total Assets is calculated by adding the Total Assets for the 5 most recent quarters and dividing by 5.

8.34%

3.7%

EXPLANATION OF THE RATIOS: 1. Quick Ratio: An indicator of a company's short-term liquidity. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. The higher the quick ratio, the better the position of the company. As per the calculations given in the above table; DuPont is currently at a better position than Dow Chemicals (The industry leader) with only a petite difference. This indicates that DuPont has more in hand liquid assets to meet their cash requirements. 2. Current Ratio: The ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities (debt and payables) with its short-term assets (cash, inventory, receivables). The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came

due at that point. Though both the companies are above 1, Dow Chemicals is still close to the territory while DuPont value indicates its low capability to pay off its debts and obligations. 3. Total Debt to Equity: Measures a company's financial leverage, calculated by dividing total liabilities by stockholders' equity. It indicates what proportion of equity and debt the company is using to finance its assets. A high debt/equity ratio as in the case of DuPont generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense. So a low value advisable for a company to smoothly run its business but it also depends on what type of industry the company is operating in. 4. Asset Turnover: Asset turnover measures a firm's efficiency at using its assets in generating sales or revenue - the higher the number the better. It also indicates pricing strategy: companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover. The values displayed in the table clearly indicate that Dow Chemicals are efficiently using their assets to generate either sales or revenue. Information from other sources clearly indicated that Dow Chemicals has high sales figures than DuPont in the year 2010. 5. Inventory Turnover: A ratio showing how many times a company's inventory is sold and replaced over a period. A low turnover implies poor sales and, therefore, excess inventory. A high ratio implies either strong sales or ineffective buying. High inventory levels are unhealthy because they represent an investment with a rate of return of zero. It also opens the company up to trouble should prices begin to fall. The table represents DuPont with a smaller amount than Dow Chemicals indicating poor sales, and a high ratio for Dow Chemicals representing strong sales. 6. Net Profit Margin: It measures how much out of every dollar of sales a company actually keeps in earnings. Profit margin is very useful when comparing companies in similar industries. A higher profit margin indicates a more profitable company that has better control over its costs compared to its competitors. DuPont for that current year for which the data and amounts are given seems to be doing well in terms of profitability as stated in the explanation.

7. Gross Margin: The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. The higher the percentage, the more the company retains on each dollar of sales to service its other costs and obligations.