DuPont 2012 Annual Report Download - page 28

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
 continued

(Dollars in millions)   
 $3,825 $3,934 $3,364
 $360 $500 $454
 9%13%13%
 

Price — % 6%
Volume (3)% 4%
Portfolio / Other — % 7%
Total change (3)% 17%
2012 versus 2011 Lower U.S. public sector demand and softness in certain industrial markets, including stalled infrastructure projects in China, was
partially offset by higher demand for Sustainable Solutions offerings. Higher local prices were offset by the impact of unfavorable currency.
2012 PTOI and PTOI margin decreased primarily due to a $58 million restructuring charge noted above, unfavorable currency and lower volume.
2011 versus 2010 Sales growth occurred in all regions. Sales growth primarily reflects the impact of the MECS acquisition and higher selling prices,
including a favorable currency impact. Higher volume primarily reflects increased demand for aramid and nonwoven products primarily in the industrial
markets in the first half 2011, with slower growth rates in the second half 2011.
2011 PTOI increased as the impact of the MECS acquisition and a favorable currency impact more than offset higher spending for growth initiatives and
higher raw material costs. The Kevlar® expansion at Cooper River, South Carolina was completed and began commercial supply at the end of 2011.
Outlook For 2013, sales for Kevlar®, Nomex® and Tyvek® products are expected to benefit from improving industrial demand, including higher
infrastructure spending in China. Additionally, Kevlar® and Nomex® sales are expected to improve as the year progresses from more consistent spending in
the public sector. Higher demand for Sustainable Solutions offerings are expected, including growth in the areas of process safety management and sustainable
operations. Building Innovations sales are expected to increase due to the continued recovery in the U.S. housing market, new product introductions and
continued penetration in commercial construction applications. Earnings are expected to improve throughout the year from higher sales, reflecting innovative
growth through products such as Kevlar ® AP fiber, as well as continued productivity actions.

(Dollars in millions)   
 $ — $ — $ —
 $62 $289 $ 489
Decreases in PTOI reflect the expiration of certain patents related to Cozaar ®/Hyzaar®.
Outlook Earnings contributions to the company from the collaboration with Merck are expected to decline in 2013 to about $20 million.
27