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Paul Schickler, President, DuPont Pioneer 
November 12, 2014 
MORGAN STANLEY GLOBAL CHEMICALS CONFERENCE
Forward-Looking Statements 
This document contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” "believes," “intends,” “estimates,” “anticipates” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, outcome of contingencies, such as litigation and environmental matters, expenditures and financial results, are forward looking statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond the company’s control. Some of the important factors that could cause the company’s actual results to differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices; failure to develop and market new products and optimally manage product life cycles; significant litigation and environmental matters; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war, weather events and natural disasters; ability to protect and enforce the company's intellectual property rights; successful integration of acquired businesses and separation of underperforming or non- strategic assets or businesses and successful completion of the proposed spinoff of the Performance Chemicals segment including ability to fully realize the expected benefits of the proposed spinoff. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information. 
Developing Markets 
Total developing markets is comprised of Developing Asia, Developing Europe, Middle East & Africa, and Latin America. A detailed list of all developing countries is available on the Earnings News Release link on the Investor Center website at www.dupont.com. 
2
DuPont is a Science Company 
DuPont has a 200-year record of creating value for customers and owners by connecting science to the marketplace to create novel solutions the world needs. Today, DuPont is creating higher growth and higher value for shareholders by leveraging advanced science and technology, market and value chain knowledge, global scale, and disciplined management to drive its next great era of innovation. 
3
These Three Strategic Priorities Position DuPont For The Next 
Wave Of Innovation And Growth 
Path to Future Growth 
Agriculture & 
Nutrition 
Extend our leadership 
across the high-value, 
science-driven 
segments of the 
Agriculture and Food 
value chain 
Advanced 
Materials 
Strengthen and grow 
our leading position in 
differentiated high-value 
materials and 
leverage new sciences 
Bio-Based 
Industrials 
Develop world-leading 
industrial 
biotechnology 
capabilities to create 
transformational new 
bio-based businesses 
• Seeds 
• Agricultural Chemicals 
• Specialty Food 
Ingredients 
• Enzymes 
• Biofuels 
• Biomaterials 
• Advanced Polymers 
• Protective Materials 
• Electronic Materials 
• Alternative Energy 
DuPont’s Strategy To Build Higher Growth, Higher Value 
4
DuPont Delivers Productivity and Profitability for 
Growers and Food Companies 
DuPont holistically addresses the challenge of feeding the world 
• Improving agricultural productivity and animal feed efficiencies 
• Enhancing the nutritional value of food 
• Protecting food and reducing waste 
Ag Productivity 
• Integrated seed solutions 
• Germplasm / traits 
• Seed-applied technologies 
• Crop protection 
• Decision services 
Bio-based Industrials 
• Biofuels, biomaterials and 
biochemicals 
• Enzymes 
Nutrition Solutions 
• Specialty ingredients (enzymes 
cultures, probiotics, soy protein, 
emulsifiers, texturants, etc.) 
• Animal nutrition 
Food Protection / 
Packaging Solutions 
• Antimicrobials, antioxidants, 
diagnostics 
• Specialty packaging resins 
(sealants, adhesives) 
5 
Unique Capabilities Across the Ag and Food Value Chain
2020 2030 
3.25 
2009 
1.85 
Other 
North America 
Asia-Pacific 
Europe 
4.88 
Emerging Middle Class (Billions) 
3 B 
1+ 
B 
0.32 
0.34 
0.66 
0.53 
0.48 
0.33 
0.70 
1.74 
3.23 
0.68 
0.32 
0.65 
750 
800 
850 
900 
950 
1000 
2007 
2008 
2009 
2010 
2011 
2012 
2013 
2014 
Production Consumption 
Million MT 
Global Demand Growth for Grain 
Global Corn 
6 
Long-term, Sustainable Demand Remains Intact 
Data Source: United Nations, OECD and USDA.
Growth Priorities in Agriculture 
Brazil 
Central 
and 
Eastern 
Europe 
Western 
Canada 
India China 
Genetic 
Improvement 
Optimum® AcreMax® 
Optimum® AQUAmax® 
EncircaSM Services 
T Series soybeans 
Plenish® soybeans^ 
Rynaxypyr® 
Cyazypyr® 
Fungicides 
Lumigen™ 
Seed Sense 
Solutions 
Extending our Global Reach 
Innovative Products and Services 
Next Gen Soy 
Hybrid Rice 
Hybrid Wheat 
Africa 
*Optimum® GLY Herbicide Tolerance and LibertyLink® Herbicide Tolerance for canola 
Optimum® Leptra™ ^ 
DP4114 
Canola HT* 
7 
Strong Market Positions Today, Attractive Growth Opportunities
Innovation – Leading Insect Control Solutions in 
Corn 
Optimum® AcreMax® 
Family of Products DP4114 
Optimum® Leptra® ^ 
Insect Protection 
• Maximize yield by protecting the potential of 
our superior genetics 
• Multiple modes of action for enhanced 
protection against lepidopteran pests 
including earworm and fall armyworm 
• Enhanced trait durability 
• Limited, stewarded 2014 launch in the 
Southern US; strong yield performance with 
good grain quality 
Expected to represent about 70% 
of Pioneer NA corn volume in 2015 
North America launch expected 
early in the 2 
nd 
half of this decade* 
Small, introductory launch 
expected in Brazil in 2015* 
Optimum® Leptra™ hybrid Control hybrid 
• Enables additional triple-stack product 
options with enhanced yield performance 
and strong agronomics 
• Strong efficacy and performance in 2014 
research trials 
• Molecular stack of proven Herculex® trait Bt 
proteins 
• US and Canada cultivation approvals in 
place 
• Multiple options to manage field-by-field 
insect control needs 
• Multiple modes of action for protection 
against above and below ground insects 
• Expanding lineup of triple-stack products 
• Simplified refuge management 
• High-yielding Pioneer genetics 
*Pending regulatory approvals 8 
Tailored Options for Insect Control
Innovation – Optimum® AQUAmax® hybrids 
9 
Continues to Deliver Rain or Shine 
Optimum® AQUAmax® Hybrids 
• Exceptional performance in water-limited 
environments AND 
• Top-end yield potential under favorable 
conditions 
• Planted on about 10 million acres in 2014 
• Optimum® AQUAmax® hybrids have delivered 
year after year across a wide variety of 
environments since 2011 
• Tested in over 50,000 on-farm comparisons 
since introduction in 2011 
• Continues to outperform competitive drought 
products 
• Available in a wide-range of trait options 
• Targeted for the Western corn belt and areas 
prone to chronic drought stress 
• Native trait technology can be leveraged outside 
of the US (e.g. Ukraine and France) 
AQUAmax vs. All Competitors 
2011-2014 
Source: From 2011 to 2014, Optimum® AQUAmax® products were grown in on-farm against competitive hybrids (+/- 4 CRM) in 5,262 comparisons in water limited environments and 47,705 comparisons in favorable growing conditions. 
Water limited environments are those in which the water supply/demand ratio during flowering or grain fill was less than 0.66 on a 0-1 scale (1=adequate moisture as determined by Pioneer) using Pioneer's proprietary EnClass® system 
and in which the average yield of the commercially available hybrids was less than 150 bu/acre. Moisture levels were measured at the nearest weather station. Favorable growing conditions are locations where yield levels were at or 
above 150 bu/acre on average, regardless of moisture levels. Product performance in water-limited environments is variable and depends on many factors such as the severity and timing of moisture deficiency, heat stress, 
soil type, management practices and environmental stress as well as disease and pest pressures. All hybrids may exhibit reduced yield under water and heat stress. Individual results may vary. Product performance is 
variable and subject to any number of environmental, disease and pest pressures.
Innovation - 2014 North America Corn Performance 
Strong Corn Performance 
In Grower Fields 
• Performance advantage in top-end yield 
environments with many +300 bpa yields 
• Optimum® AQUAmax® hybrids continue to 
perform rain or shine 
• Promising 2014 class of new genetics with an 
improving triple stack lineup 
• Outstanding performance in Western and 
Southern corn belt (113 and 118 maturities) 
• Strength in 7 million acre silage market with 
growing BMR lineup 
• New insect protection event DP4114 performing 
well in research trials 
• Convenience of Optimum® AcreMax® insect 
protection in about 70% of 2015 volume 
• Comparisons represent on-farm side-by-side 
results from growers fields 
10 
Performance Leadership Under This Season’s High-yielding Conditions 
Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials for all 
Pioneer® brand hybrids against all competitors. Individual results may vary. All data weighted by comparisons within 4CRM and adjusted to 15% moisture. Product 
performance is variable and subject to any number of environmental, disease and pest pressures. 
Double and Triple Stacks vs. All 
Competitors
Innovation – New Corn Genetics 
Promising Class of New Genetics 
• Industry leading genetic diversity, improved yield 
and agronomic performance protected by 
leading trait options 
• 2014 class of new genetics are expected to 
represent about 20% of 2015 sales volume 
• New genetics since 2012 are expected to 
represent about 60% of 2015 sales volume 
• New classes locally tested and advanced from 
about 1,300 corn IMPACT™ trials annually 
11 
New, Higher-yielding Genetics Create Pricing Opportunity 
2014 Class vs. All Competitors 
Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials 
compared against all competitors. Includes all new Pioneer hybrids released in 2014 vs. competitor brand hybrids tested in 2014. Individual results may vary. All data weighted 
by comparisons within 4CRM and adjusted to 15% moisture. Product performance is variable and subject to any number of environmental, disease and pest pressures.
Innovation – New Technology for Soybean and 
Canola growers 
Pioneer® brand T Series Soybeans Plenish® High Oleic Soybeans^ Optimum® GLY Canola 
• Soy-based solution with 20% less saturated 
fat than commodity soybean oil 
• Yields on par with Pioneer® brand elite 
commercial varieties 
• Expanded contracting options for growers in 
2015 
• Import approval received in markets that 
represent about 90% of US soybean exports 
Expect T Series mix to be 
about double in 2015 
Developed through proprietary gene 
shuffling technology 
Biotech soybeans with consumer 
benefits 
• Provide growers increased application 
flexibility 
• Offered in combination with Pioneer 
Protector® traits 
• Expected availability later this decade, 
pending regulatory approvals 
• Out-licensing agreement recently signed 
with Crop Production Services (CPS) 
• Strong defensive traits 
• Varieties containing the Genuity® Roundup 
Ready 2 Yield® trait are expected to be 
about 10% of volume in 2015 
• Newest Pioneer genetics with improved field 
emergence 
• 2015 expected launch of native technology 
for increased flexibility and high tolerance to 
sulfonylurea herbicides 
*Pending regulatory approvals 12 
Technology Advancements in Oilseeds
Innovation - 2014 North America Soybean Performance 
Pioneer® brand T Series soybeans Pioneer® brand 2014 soybean class 
• Solid competitive performance of T Series soybean varieties 
• Promising 2014 T Series class of new genetics 
• T Series expected to double in 2015 to nearly two-thirds of volume 
• Genuity® Roundup Ready 2 Yield® expected to double in 2015 to about 10% of volume 
13 
High Yield Protected By Defensive Trait Packages 
Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials for all 
Pioneer® brand varieties compared against all competitors. Individual results may vary. All data weighted by comparison within 3RM. Product performance is variable and 
subject to any number of environmental, disease and pest pressures.
Innovation - EncircaSM Services 
Helping Growers Unlock The Full Potential Of Their Land 
*According to an independent Forecastwatch.com report, Schneider Electric, DTN/The Progressive Farmer's parent company, has delivered the industry's most accurate temperature and precipitation forecasts for the last seven consecutive years. This same forecast technology is used in DTN’s solutions including the DTN Ag Weather Network, which contains over 2,000 individual weather stations. 
14 
Strategic Collaborations Enhance Services 
The largest and most accurate Ag Weather Network* 
• DTN Ag Weather Network Most granular view of soils and topography 
•USDA-ARS 
•University of Missouri Improved crop and nitrogen models 
•Data generated by 8 Midwest land-grant universities Seamless transfer of data for real-time insights 
•John Deere 
•AGCO 
•Raven Industries Strong grower adoption 
•EncircaSM View – 13,000+ Users 
•EncircaSM Yield Nitrogen Management Service – About 300,000 acres invoiced so far 
PROFITABILITY 
RISK MANAGEMENT 
SUSTAINABILITY 
CONVENIENCE 
Addressing the most critical challenges growers face
Innovation - EncircaSM Yield – Nitrogen Management Service 
Scalable Sub-field Management Offers The Next Inflection in Crop Productivity 
Example field, Willmar, MN 
Source: DuPont Pioneer, in collaboration with University of Missouri & USDA-ARS 
15 
Personalized Input Management Solutions 
•Based on sub-field level Environmental Response Units (ERUs) 
•Customized Nitrogen recommendations by ERU 
•Managing by specific productivity potential to: 
•Improve Low Productivity ERUs 
•Optimize Medium Productivity ERUs 
•Maximize High Productivity ERUs 
•Opportunity to improve profitability by as much as $50-60 per acre through better nitrogen management 
•$10 per acre service fee 
•Tailored by a local Certified Services Agent (CSA) 
•Most accurate, local weather data informed by the DTN Ag Weather Network improves probability of success
Innovation – Lumigen™ Seed Sense Solutions 
DuPont™ Dermacor® 
Insecticide Seed Treatment 
DuPont™ Lumivia™ 
Insecticide Seed Treatment 
DuPont™ Lumiderm™ 
Insecticide Seed Treatment 
• Offers enhanced protection from 
cutworms and flea beetles 
• Residual control of insects up to 35 
days after seedling 
• Superb early season vigor 
2014 Initial Launch in Brazil for 
soybeans on over 3 million acres 
2014 Initial Launch in 
Canada for Canola 
• Improved yield advantage 
• Offering enhanced protection from 
wireworm, black cutworm, white grubs 
and fall armyworm 
• Available in the US exclusively on the 
newest Pioneer hybrids as part of the 
Pioneer Premium Seed Treatment 
program 
• Supports emergency registration in 
Brazil for control of Helicoverpa in 
soybeans 
• Excellent above and below ground 
insect control to protect plant vigor 
• Pursuing expansion to other crops 
and markets 
2015 Planned Launch in the 
United States for Corn 
16 
Extending DuPont Science Into Seed Treatment
Corn 40* 
Soybeans 33* 
Canola 9* 
Corn 19 
Soybeans 30** 
Corn 8 
Sunflower 14 
Oilseed Rape 3 
Corn 36 
Corn 12 
Rice 42 
Corn 14 
Global Reach – Key Growth Markets 
17 
Note: Millions of hectares harvested. USDA 2014/15 estimate. 
* US & Canada show hectares planted 
** Soybean hectares represent Brazil only. 
Expect ~ 50% of Our Growth Over Next Five Years Outside of NA
Global Reach - Brazil 
Growth Drivers 
•Corn and soybean strategy 
Corn – 15 million hectares 
Soybeans – 30 million hectares 
•Rapid grower adoption of technology 
•Leading Pioneer germplasm 
•Local customer focus and route-to-market 
•Investments in production and distribution capacity 
•Small, introductory launch of Leptra™ insect protection expected in 2015, pending regulatory approvals 
•Adoption of DuPont™ Dermacor® insecticide seed treatment in soybeans 
•DuPont™ Dermacor® insecticide seed treatment for corn, pending regulatory approval 
18
Global Reach – Central and Eastern Europe 
Growth Drivers 
•Multi-crop strategy 
Corn – 8 million hectares 
Sunflower – 14 million hectares 
Oilseed rape – 3 million hectares 
•Long history and local knowledge 
•Recent investments in local research and production capacity 
•Leading market position in corn today 
•Optimum® AQUAmax™ hybrids launched in 2014 
•Pioneer® brand hybrids with the DuPont™ ExpressSun™ trait 
•Pioneer MAXIMUS® oilseed rape semi-dwarf hybrids 
19
Global Reach - India 
Growth Drivers 
•Multi-crop strategy 
•Rice – 42 million hectares 
•Corn – 12 million hectares 
•Mustard and Millet 
•Long history and local knowledge 
•Hybrid Rice Technology 
•Unique route-to-market – Pioneer Pravatka and mobile outreach 
•Multi-crop Research Centers with focus on molecular breeding, native traits and drought tolerance 
•DuPont Knowledge Center 
20
Global Reach - China 
Growth Drivers 
•36 million hectare corn market 
•Aligned with China’s goals in agriculture 
•Modernization and mechanization of Chinese agriculture 
•Leading the professionalization of the Chinese seed industry 
•Local investments in breeding (established in 1998) 
•Industry leading molecular breeding technology center 
•State-of-the-art production facilities 
•Professional sales channel 
21
Right Product Right Acre 
22
Appendix 1: 2014 On-farm Performance 
23
24 
Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials for all Pioneer® brand hybrids against all competitors. Pioneer area leader package consists of a representative selection of the higher volume hybrids estimated for 2015. Individual results may vary. All data weighted by comparisons within 4CRM and adjusted to 15% moisture. Product performance is variable and subject to any number of environmental, disease and pest pressures 
2014 Area Top Volume Leaders Package vs. All Competitors (Corn) 
Northeast Indiana Yld. Adv. / % Wins 
• P0157AMX (AMX/LL/RR2) + 13.9 85% 
• P0496AMX (AMX/LL/RR2) + 6.6 77% 
• P0506AM (AM/LL/RR2) + 18.8 95% 
• P0636AM (AM/LL/RR2) +0.5 50% 
• P1197AM (AM/LL/RR2) + 16.1 93% 
N Wisconsin, NE Minnesota Yld. Adv. / % Wins 
• P9526AMX (AMX/LL/RR2) + 14.7 93% 
• P9644AMX (AMX/LL/RR2) + 9.0 67% 
• P9807AM (AM/LL/RR2) + 6.9 66% 
• P0157AMX (AMX/LL/RR2) + 8.6 73% 
• P0533AM1 (AM1/LL/RR2) + 15.4 85% 
NC, W Nebraska Yld. Adv. / % Wins 
• P0302CHR (RW/HX1/LL/RR2) + 11.7 82% 
• P0419AMX (AMX/LL/RR2) + 9.6 74% 
• P0832AMX (AMX/LL/RR2) + 12.5 85% 
• P1151AMX (AMX/LL/RR2) + 14.6 89% 
• P1266AM (AM/LL/RR2) + 8.4 75% 
DE, MD, NJ, East PA Yld. Adv. / % Wins 
• P0210AM (AM/LL/RR2) + 15.8 79% 
• P0506AM (AM/LL/RR2) + 16.7 82% 
• P0604AM (AM/LL/RR2) + 20.7 100% 
• P1105AM (AM/LL/RR2) + 8.2 65% 
• P1197AM (AM/LL/RR2) + 17.0 86% 
Northwest Iowa Yld. Adv. / % Wins 
• P0157AMX (AMX/LL/RR2) + 17.8 86% 
• P0193AMX (AMX/LL/RR2) + 6.4 71% 
• P0297AMXT (AMXT/LL/RR2) + 13.9 80% 
• P0506AM (AM/LL/RR2)) + 12.0 75% 
• P0533AM1 (AM1/LL/RR2) + 8.0 68% 
Southeast Nebraska Yld. Adv. / % Wins 
• P1105AM (AM/LL/RR2) + 12.6 78% 
• P1151AM (AM/LL/RR2) + 5.4 63% 
• P1197CHR (RW/HX1/LL/RR2) + 18.9 87% 
• P1602AM (AM/LL/RR2) + 12.3 84% 
• P1690CHR (RW/HX1/LL/RR2) + 24.5 93% 
2.6 mm Acres 
2.1 mm Acres 
1.9 mm Acres 
2.4 mm Acres 
2.6 mm Acres 
1.1 mm Acres 
Northern Illinois Yld. Adv. / % Wins 
• P0419AMX (AMX/LL/RR2) + 6.3 59% 
• P0496AMX (AMX/LL/RR2) + 10.8 73% 
• P0636AMX (AMX/LL/RR2) + 13.5 80% 
• P1142AMX (AMX/LL/RR2) + 6.5 62% 
• P1197CHR (RW/HX1/LL/RR2) + 13.1 78% 
North Mississippi Delta Yld. Adv. / % Wins 
• P1257YHR (YGCB/HX1/LL/RR2) + 15.2 80% 
• P1319HR (HX1/LL/RR2) + 5.7 59% 
• P1602YHR (YGCB/HX1/LL/RR2) + 9.1 66% 
• P1637YHR (YGCB/HX1/LL/RR2) + 6.1 62% 
• P1794VYHR (AVBL/YGCB/HX1/LL/RR2) + 6.3 61% 
1.1 mm Acres 
2.4 mm Acres
2014 Area Top Volume Leaders Package vs. All Competitors (Soybeans) 
25 
Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials compared against all competitors in the area indicated. Individual results may vary. Pioneer area leader package consists of a representative selection of the higher volume varieties estimated for 2013. All data weighted by comparison within 3RM. All soybean products listed contain the Roundup Ready® trait. Product performance is variable and subject to any number of environmental, disease and pest pressures. 
NE Nebraska Yld. Adv. / % Wins 
• 92Y83 + 0.7 51% 
• P31T11R + 1.2 69% 
• P33T72R + 1.5 64% 
NW Ohio Yld. Adv. / % Wins 
• 931T11R + 4.7 62% 
• P32T28R2 + 1.0 64% 
• P33T72R + 3.1 85% 
Louisiana Yld. Adv. / % Wins 
• P47T36R + 1.8 65% 
• P47T89R + 1.1 58% 
• P50T64R + 0.4 45% 
NW Illinois Yld. Adv. / % Wins 
• P24T05R + 1.0 60% 
• P25T51R + 2.3 69% 
• P32T25R2 + 0.2 46% 
S Central Iowa Yld. Adv. / % Wins 
• P25T51R + 3.2 70% 
• P28T33R + 0.4 53% 
• P35T58R + 3.2 74% 
1.2 mm Acres 
1.9 mm Acres 
1.6 mm Acres 
2.6 mm Acres 
2.7 mm Acres 
NW MN, NE SD Yld. Adv. / % Wins 
• P03T68R2 + 1.4 64% 
• P05T24R + 3.4 67% 
• P07T50R + 2.6 80% 
4.7 mm Acres
Copyright © 2014 DuPont or its affiliates. All rights reserved. The DuPont Oval Logo, DuPont™, The miracles of science™ and, unless otherwise noted, all products denoted with ™ or ® are registered trademarks or trademarks of E. I. du Pont de Nemours and Company or its affiliates. 
Images reproduced by E. I. du Pont de Nemours and Company under license from the National Geographic Society. 
26
27 
Agrisure Viptera® is a registered trademark of, and used under license from, a Syngenta Group Company. Agrisure® technology incorporated into these seeds is commercialized under a license from Syngenta Crop Protection AG. Herculex® Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. Herculex® and the HX logo are registered trademarks of Dow AgroSciences LLC. Liberty®, LibertyLink® and the Water Droplet Design are trademarks of Bayer. YieldGard®, the YieldGard Corn Borer design, Genuity®, Roundup®, Roundup Ready® and Roundup Ready 2 Yield® are registered trademarks of Monsanto Technology LLC used under license. Individual results may vary, and performance may vary from location to location and from year to year. This result may not be an indicator of results you may obtain as local growing, soil and weather conditions may vary. Growers should evaluate data from multiple locations and years whenever possible. 
Products, benefits and concepts described herein will not be offered for sale or distribution until completion of field testing and applicable regulatory reviews. Pioneer® brand hybrids with event DP 4114 will not be offered for sale or distribution until completion of field testing and applicable regulatory reviews. Pioneer® brand canola hybrids with glyphosate resistance will not be offered for sale or distribution until completion of field testing and applicable regulatory reviews. 
^ EXPORT APPROVAL NOTICE: This product is fully approved in the United States and Canada. Traits included in these products may or may not be approved in all global markets; therefore, the combination of these traits and the grain and certain by-products (including oil, dried distillers grain, cobs, and husks) from THESE PRODUCTS MAY NOT BE APPROVED for all markets. Growers that use this product are required and agree to adhere to the stewardship requirements as outlined in the Pioneer Product Use Guide and product-specific Stewardship Requirements for this product, which include specific grain disposition requirements. For questions regarding product stewardship and biotech traits please contact your sales representative or refer to www.pioneer.com/stewardship. Growers are required to discuss trait acceptance and grain channeling policies with their local grain handler prior to delivering grain containing biotech traits. 
Always read and follow all precautions and directions provided in product labeling before making in-crop or other applications of any agricultural herbicides or using any other pesticide. 
Pioneer is a member of Excellence Through Stewardship® (ETS). Pioneer is a member of Excellence Through Stewardship® (ETS). Pioneer products are commercialized in accordance with ETS Product Launch Stewardship Guidance and in compliance with the Pioneer policies regarding stewardship of those products. Crops and materials containing biotech traits may only be exported to or used, processed, or sold in jurisdictions where all necessary regulatory approvals have been granted for those crops and materials. It is a violation of national and international laws to move materials containing biotech traits across borders into jurisdictions where their import is not permitted. Growers should discuss these issues with their purchaser or grain handler to confirm the purchaser or handler's position on products being purchased. Excellence Through Stewardship® is a registered trademark of the Biotechnology Industry Organization. 
^ 
^ 
The DuPont Oval Logo is a registered trademark of DuPont. ®, SM, TM Trademarks and service marks of Pioneer. © 2014 PHII.

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DuPont Pioneer President Discusses Growth Strategy

  • 1. Paul Schickler, President, DuPont Pioneer November 12, 2014 MORGAN STANLEY GLOBAL CHEMICALS CONFERENCE
  • 2. Forward-Looking Statements This document contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” "believes," “intends,” “estimates,” “anticipates” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, outcome of contingencies, such as litigation and environmental matters, expenditures and financial results, are forward looking statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond the company’s control. Some of the important factors that could cause the company’s actual results to differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices; failure to develop and market new products and optimally manage product life cycles; significant litigation and environmental matters; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war, weather events and natural disasters; ability to protect and enforce the company's intellectual property rights; successful integration of acquired businesses and separation of underperforming or non- strategic assets or businesses and successful completion of the proposed spinoff of the Performance Chemicals segment including ability to fully realize the expected benefits of the proposed spinoff. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information. Developing Markets Total developing markets is comprised of Developing Asia, Developing Europe, Middle East & Africa, and Latin America. A detailed list of all developing countries is available on the Earnings News Release link on the Investor Center website at www.dupont.com. 2
  • 3. DuPont is a Science Company DuPont has a 200-year record of creating value for customers and owners by connecting science to the marketplace to create novel solutions the world needs. Today, DuPont is creating higher growth and higher value for shareholders by leveraging advanced science and technology, market and value chain knowledge, global scale, and disciplined management to drive its next great era of innovation. 3
  • 4. These Three Strategic Priorities Position DuPont For The Next Wave Of Innovation And Growth Path to Future Growth Agriculture & Nutrition Extend our leadership across the high-value, science-driven segments of the Agriculture and Food value chain Advanced Materials Strengthen and grow our leading position in differentiated high-value materials and leverage new sciences Bio-Based Industrials Develop world-leading industrial biotechnology capabilities to create transformational new bio-based businesses • Seeds • Agricultural Chemicals • Specialty Food Ingredients • Enzymes • Biofuels • Biomaterials • Advanced Polymers • Protective Materials • Electronic Materials • Alternative Energy DuPont’s Strategy To Build Higher Growth, Higher Value 4
  • 5. DuPont Delivers Productivity and Profitability for Growers and Food Companies DuPont holistically addresses the challenge of feeding the world • Improving agricultural productivity and animal feed efficiencies • Enhancing the nutritional value of food • Protecting food and reducing waste Ag Productivity • Integrated seed solutions • Germplasm / traits • Seed-applied technologies • Crop protection • Decision services Bio-based Industrials • Biofuels, biomaterials and biochemicals • Enzymes Nutrition Solutions • Specialty ingredients (enzymes cultures, probiotics, soy protein, emulsifiers, texturants, etc.) • Animal nutrition Food Protection / Packaging Solutions • Antimicrobials, antioxidants, diagnostics • Specialty packaging resins (sealants, adhesives) 5 Unique Capabilities Across the Ag and Food Value Chain
  • 6. 2020 2030 3.25 2009 1.85 Other North America Asia-Pacific Europe 4.88 Emerging Middle Class (Billions) 3 B 1+ B 0.32 0.34 0.66 0.53 0.48 0.33 0.70 1.74 3.23 0.68 0.32 0.65 750 800 850 900 950 1000 2007 2008 2009 2010 2011 2012 2013 2014 Production Consumption Million MT Global Demand Growth for Grain Global Corn 6 Long-term, Sustainable Demand Remains Intact Data Source: United Nations, OECD and USDA.
  • 7. Growth Priorities in Agriculture Brazil Central and Eastern Europe Western Canada India China Genetic Improvement Optimum® AcreMax® Optimum® AQUAmax® EncircaSM Services T Series soybeans Plenish® soybeans^ Rynaxypyr® Cyazypyr® Fungicides Lumigen™ Seed Sense Solutions Extending our Global Reach Innovative Products and Services Next Gen Soy Hybrid Rice Hybrid Wheat Africa *Optimum® GLY Herbicide Tolerance and LibertyLink® Herbicide Tolerance for canola Optimum® Leptra™ ^ DP4114 Canola HT* 7 Strong Market Positions Today, Attractive Growth Opportunities
  • 8. Innovation – Leading Insect Control Solutions in Corn Optimum® AcreMax® Family of Products DP4114 Optimum® Leptra® ^ Insect Protection • Maximize yield by protecting the potential of our superior genetics • Multiple modes of action for enhanced protection against lepidopteran pests including earworm and fall armyworm • Enhanced trait durability • Limited, stewarded 2014 launch in the Southern US; strong yield performance with good grain quality Expected to represent about 70% of Pioneer NA corn volume in 2015 North America launch expected early in the 2 nd half of this decade* Small, introductory launch expected in Brazil in 2015* Optimum® Leptra™ hybrid Control hybrid • Enables additional triple-stack product options with enhanced yield performance and strong agronomics • Strong efficacy and performance in 2014 research trials • Molecular stack of proven Herculex® trait Bt proteins • US and Canada cultivation approvals in place • Multiple options to manage field-by-field insect control needs • Multiple modes of action for protection against above and below ground insects • Expanding lineup of triple-stack products • Simplified refuge management • High-yielding Pioneer genetics *Pending regulatory approvals 8 Tailored Options for Insect Control
  • 9. Innovation – Optimum® AQUAmax® hybrids 9 Continues to Deliver Rain or Shine Optimum® AQUAmax® Hybrids • Exceptional performance in water-limited environments AND • Top-end yield potential under favorable conditions • Planted on about 10 million acres in 2014 • Optimum® AQUAmax® hybrids have delivered year after year across a wide variety of environments since 2011 • Tested in over 50,000 on-farm comparisons since introduction in 2011 • Continues to outperform competitive drought products • Available in a wide-range of trait options • Targeted for the Western corn belt and areas prone to chronic drought stress • Native trait technology can be leveraged outside of the US (e.g. Ukraine and France) AQUAmax vs. All Competitors 2011-2014 Source: From 2011 to 2014, Optimum® AQUAmax® products were grown in on-farm against competitive hybrids (+/- 4 CRM) in 5,262 comparisons in water limited environments and 47,705 comparisons in favorable growing conditions. Water limited environments are those in which the water supply/demand ratio during flowering or grain fill was less than 0.66 on a 0-1 scale (1=adequate moisture as determined by Pioneer) using Pioneer's proprietary EnClass® system and in which the average yield of the commercially available hybrids was less than 150 bu/acre. Moisture levels were measured at the nearest weather station. Favorable growing conditions are locations where yield levels were at or above 150 bu/acre on average, regardless of moisture levels. Product performance in water-limited environments is variable and depends on many factors such as the severity and timing of moisture deficiency, heat stress, soil type, management practices and environmental stress as well as disease and pest pressures. All hybrids may exhibit reduced yield under water and heat stress. Individual results may vary. Product performance is variable and subject to any number of environmental, disease and pest pressures.
  • 10. Innovation - 2014 North America Corn Performance Strong Corn Performance In Grower Fields • Performance advantage in top-end yield environments with many +300 bpa yields • Optimum® AQUAmax® hybrids continue to perform rain or shine • Promising 2014 class of new genetics with an improving triple stack lineup • Outstanding performance in Western and Southern corn belt (113 and 118 maturities) • Strength in 7 million acre silage market with growing BMR lineup • New insect protection event DP4114 performing well in research trials • Convenience of Optimum® AcreMax® insect protection in about 70% of 2015 volume • Comparisons represent on-farm side-by-side results from growers fields 10 Performance Leadership Under This Season’s High-yielding Conditions Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials for all Pioneer® brand hybrids against all competitors. Individual results may vary. All data weighted by comparisons within 4CRM and adjusted to 15% moisture. Product performance is variable and subject to any number of environmental, disease and pest pressures. Double and Triple Stacks vs. All Competitors
  • 11. Innovation – New Corn Genetics Promising Class of New Genetics • Industry leading genetic diversity, improved yield and agronomic performance protected by leading trait options • 2014 class of new genetics are expected to represent about 20% of 2015 sales volume • New genetics since 2012 are expected to represent about 60% of 2015 sales volume • New classes locally tested and advanced from about 1,300 corn IMPACT™ trials annually 11 New, Higher-yielding Genetics Create Pricing Opportunity 2014 Class vs. All Competitors Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials compared against all competitors. Includes all new Pioneer hybrids released in 2014 vs. competitor brand hybrids tested in 2014. Individual results may vary. All data weighted by comparisons within 4CRM and adjusted to 15% moisture. Product performance is variable and subject to any number of environmental, disease and pest pressures.
  • 12. Innovation – New Technology for Soybean and Canola growers Pioneer® brand T Series Soybeans Plenish® High Oleic Soybeans^ Optimum® GLY Canola • Soy-based solution with 20% less saturated fat than commodity soybean oil • Yields on par with Pioneer® brand elite commercial varieties • Expanded contracting options for growers in 2015 • Import approval received in markets that represent about 90% of US soybean exports Expect T Series mix to be about double in 2015 Developed through proprietary gene shuffling technology Biotech soybeans with consumer benefits • Provide growers increased application flexibility • Offered in combination with Pioneer Protector® traits • Expected availability later this decade, pending regulatory approvals • Out-licensing agreement recently signed with Crop Production Services (CPS) • Strong defensive traits • Varieties containing the Genuity® Roundup Ready 2 Yield® trait are expected to be about 10% of volume in 2015 • Newest Pioneer genetics with improved field emergence • 2015 expected launch of native technology for increased flexibility and high tolerance to sulfonylurea herbicides *Pending regulatory approvals 12 Technology Advancements in Oilseeds
  • 13. Innovation - 2014 North America Soybean Performance Pioneer® brand T Series soybeans Pioneer® brand 2014 soybean class • Solid competitive performance of T Series soybean varieties • Promising 2014 T Series class of new genetics • T Series expected to double in 2015 to nearly two-thirds of volume • Genuity® Roundup Ready 2 Yield® expected to double in 2015 to about 10% of volume 13 High Yield Protected By Defensive Trait Packages Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials for all Pioneer® brand varieties compared against all competitors. Individual results may vary. All data weighted by comparison within 3RM. Product performance is variable and subject to any number of environmental, disease and pest pressures.
  • 14. Innovation - EncircaSM Services Helping Growers Unlock The Full Potential Of Their Land *According to an independent Forecastwatch.com report, Schneider Electric, DTN/The Progressive Farmer's parent company, has delivered the industry's most accurate temperature and precipitation forecasts for the last seven consecutive years. This same forecast technology is used in DTN’s solutions including the DTN Ag Weather Network, which contains over 2,000 individual weather stations. 14 Strategic Collaborations Enhance Services The largest and most accurate Ag Weather Network* • DTN Ag Weather Network Most granular view of soils and topography •USDA-ARS •University of Missouri Improved crop and nitrogen models •Data generated by 8 Midwest land-grant universities Seamless transfer of data for real-time insights •John Deere •AGCO •Raven Industries Strong grower adoption •EncircaSM View – 13,000+ Users •EncircaSM Yield Nitrogen Management Service – About 300,000 acres invoiced so far PROFITABILITY RISK MANAGEMENT SUSTAINABILITY CONVENIENCE Addressing the most critical challenges growers face
  • 15. Innovation - EncircaSM Yield – Nitrogen Management Service Scalable Sub-field Management Offers The Next Inflection in Crop Productivity Example field, Willmar, MN Source: DuPont Pioneer, in collaboration with University of Missouri & USDA-ARS 15 Personalized Input Management Solutions •Based on sub-field level Environmental Response Units (ERUs) •Customized Nitrogen recommendations by ERU •Managing by specific productivity potential to: •Improve Low Productivity ERUs •Optimize Medium Productivity ERUs •Maximize High Productivity ERUs •Opportunity to improve profitability by as much as $50-60 per acre through better nitrogen management •$10 per acre service fee •Tailored by a local Certified Services Agent (CSA) •Most accurate, local weather data informed by the DTN Ag Weather Network improves probability of success
  • 16. Innovation – Lumigen™ Seed Sense Solutions DuPont™ Dermacor® Insecticide Seed Treatment DuPont™ Lumivia™ Insecticide Seed Treatment DuPont™ Lumiderm™ Insecticide Seed Treatment • Offers enhanced protection from cutworms and flea beetles • Residual control of insects up to 35 days after seedling • Superb early season vigor 2014 Initial Launch in Brazil for soybeans on over 3 million acres 2014 Initial Launch in Canada for Canola • Improved yield advantage • Offering enhanced protection from wireworm, black cutworm, white grubs and fall armyworm • Available in the US exclusively on the newest Pioneer hybrids as part of the Pioneer Premium Seed Treatment program • Supports emergency registration in Brazil for control of Helicoverpa in soybeans • Excellent above and below ground insect control to protect plant vigor • Pursuing expansion to other crops and markets 2015 Planned Launch in the United States for Corn 16 Extending DuPont Science Into Seed Treatment
  • 17. Corn 40* Soybeans 33* Canola 9* Corn 19 Soybeans 30** Corn 8 Sunflower 14 Oilseed Rape 3 Corn 36 Corn 12 Rice 42 Corn 14 Global Reach – Key Growth Markets 17 Note: Millions of hectares harvested. USDA 2014/15 estimate. * US & Canada show hectares planted ** Soybean hectares represent Brazil only. Expect ~ 50% of Our Growth Over Next Five Years Outside of NA
  • 18. Global Reach - Brazil Growth Drivers •Corn and soybean strategy Corn – 15 million hectares Soybeans – 30 million hectares •Rapid grower adoption of technology •Leading Pioneer germplasm •Local customer focus and route-to-market •Investments in production and distribution capacity •Small, introductory launch of Leptra™ insect protection expected in 2015, pending regulatory approvals •Adoption of DuPont™ Dermacor® insecticide seed treatment in soybeans •DuPont™ Dermacor® insecticide seed treatment for corn, pending regulatory approval 18
  • 19. Global Reach – Central and Eastern Europe Growth Drivers •Multi-crop strategy Corn – 8 million hectares Sunflower – 14 million hectares Oilseed rape – 3 million hectares •Long history and local knowledge •Recent investments in local research and production capacity •Leading market position in corn today •Optimum® AQUAmax™ hybrids launched in 2014 •Pioneer® brand hybrids with the DuPont™ ExpressSun™ trait •Pioneer MAXIMUS® oilseed rape semi-dwarf hybrids 19
  • 20. Global Reach - India Growth Drivers •Multi-crop strategy •Rice – 42 million hectares •Corn – 12 million hectares •Mustard and Millet •Long history and local knowledge •Hybrid Rice Technology •Unique route-to-market – Pioneer Pravatka and mobile outreach •Multi-crop Research Centers with focus on molecular breeding, native traits and drought tolerance •DuPont Knowledge Center 20
  • 21. Global Reach - China Growth Drivers •36 million hectare corn market •Aligned with China’s goals in agriculture •Modernization and mechanization of Chinese agriculture •Leading the professionalization of the Chinese seed industry •Local investments in breeding (established in 1998) •Industry leading molecular breeding technology center •State-of-the-art production facilities •Professional sales channel 21
  • 23. Appendix 1: 2014 On-farm Performance 23
  • 24. 24 Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials for all Pioneer® brand hybrids against all competitors. Pioneer area leader package consists of a representative selection of the higher volume hybrids estimated for 2015. Individual results may vary. All data weighted by comparisons within 4CRM and adjusted to 15% moisture. Product performance is variable and subject to any number of environmental, disease and pest pressures 2014 Area Top Volume Leaders Package vs. All Competitors (Corn) Northeast Indiana Yld. Adv. / % Wins • P0157AMX (AMX/LL/RR2) + 13.9 85% • P0496AMX (AMX/LL/RR2) + 6.6 77% • P0506AM (AM/LL/RR2) + 18.8 95% • P0636AM (AM/LL/RR2) +0.5 50% • P1197AM (AM/LL/RR2) + 16.1 93% N Wisconsin, NE Minnesota Yld. Adv. / % Wins • P9526AMX (AMX/LL/RR2) + 14.7 93% • P9644AMX (AMX/LL/RR2) + 9.0 67% • P9807AM (AM/LL/RR2) + 6.9 66% • P0157AMX (AMX/LL/RR2) + 8.6 73% • P0533AM1 (AM1/LL/RR2) + 15.4 85% NC, W Nebraska Yld. Adv. / % Wins • P0302CHR (RW/HX1/LL/RR2) + 11.7 82% • P0419AMX (AMX/LL/RR2) + 9.6 74% • P0832AMX (AMX/LL/RR2) + 12.5 85% • P1151AMX (AMX/LL/RR2) + 14.6 89% • P1266AM (AM/LL/RR2) + 8.4 75% DE, MD, NJ, East PA Yld. Adv. / % Wins • P0210AM (AM/LL/RR2) + 15.8 79% • P0506AM (AM/LL/RR2) + 16.7 82% • P0604AM (AM/LL/RR2) + 20.7 100% • P1105AM (AM/LL/RR2) + 8.2 65% • P1197AM (AM/LL/RR2) + 17.0 86% Northwest Iowa Yld. Adv. / % Wins • P0157AMX (AMX/LL/RR2) + 17.8 86% • P0193AMX (AMX/LL/RR2) + 6.4 71% • P0297AMXT (AMXT/LL/RR2) + 13.9 80% • P0506AM (AM/LL/RR2)) + 12.0 75% • P0533AM1 (AM1/LL/RR2) + 8.0 68% Southeast Nebraska Yld. Adv. / % Wins • P1105AM (AM/LL/RR2) + 12.6 78% • P1151AM (AM/LL/RR2) + 5.4 63% • P1197CHR (RW/HX1/LL/RR2) + 18.9 87% • P1602AM (AM/LL/RR2) + 12.3 84% • P1690CHR (RW/HX1/LL/RR2) + 24.5 93% 2.6 mm Acres 2.1 mm Acres 1.9 mm Acres 2.4 mm Acres 2.6 mm Acres 1.1 mm Acres Northern Illinois Yld. Adv. / % Wins • P0419AMX (AMX/LL/RR2) + 6.3 59% • P0496AMX (AMX/LL/RR2) + 10.8 73% • P0636AMX (AMX/LL/RR2) + 13.5 80% • P1142AMX (AMX/LL/RR2) + 6.5 62% • P1197CHR (RW/HX1/LL/RR2) + 13.1 78% North Mississippi Delta Yld. Adv. / % Wins • P1257YHR (YGCB/HX1/LL/RR2) + 15.2 80% • P1319HR (HX1/LL/RR2) + 5.7 59% • P1602YHR (YGCB/HX1/LL/RR2) + 9.1 66% • P1637YHR (YGCB/HX1/LL/RR2) + 6.1 62% • P1794VYHR (AVBL/YGCB/HX1/LL/RR2) + 6.3 61% 1.1 mm Acres 2.4 mm Acres
  • 25. 2014 Area Top Volume Leaders Package vs. All Competitors (Soybeans) 25 Source: 2014 Pioneer on-farm trial database as of October 28, 2014. Customer comparisons based on 2014 yield results including data from weigh wagon and PKP trials compared against all competitors in the area indicated. Individual results may vary. Pioneer area leader package consists of a representative selection of the higher volume varieties estimated for 2013. All data weighted by comparison within 3RM. All soybean products listed contain the Roundup Ready® trait. Product performance is variable and subject to any number of environmental, disease and pest pressures. NE Nebraska Yld. Adv. / % Wins • 92Y83 + 0.7 51% • P31T11R + 1.2 69% • P33T72R + 1.5 64% NW Ohio Yld. Adv. / % Wins • 931T11R + 4.7 62% • P32T28R2 + 1.0 64% • P33T72R + 3.1 85% Louisiana Yld. Adv. / % Wins • P47T36R + 1.8 65% • P47T89R + 1.1 58% • P50T64R + 0.4 45% NW Illinois Yld. Adv. / % Wins • P24T05R + 1.0 60% • P25T51R + 2.3 69% • P32T25R2 + 0.2 46% S Central Iowa Yld. Adv. / % Wins • P25T51R + 3.2 70% • P28T33R + 0.4 53% • P35T58R + 3.2 74% 1.2 mm Acres 1.9 mm Acres 1.6 mm Acres 2.6 mm Acres 2.7 mm Acres NW MN, NE SD Yld. Adv. / % Wins • P03T68R2 + 1.4 64% • P05T24R + 3.4 67% • P07T50R + 2.6 80% 4.7 mm Acres
  • 26. Copyright © 2014 DuPont or its affiliates. All rights reserved. The DuPont Oval Logo, DuPont™, The miracles of science™ and, unless otherwise noted, all products denoted with ™ or ® are registered trademarks or trademarks of E. I. du Pont de Nemours and Company or its affiliates. Images reproduced by E. I. du Pont de Nemours and Company under license from the National Geographic Society. 26
  • 27. 27 Agrisure Viptera® is a registered trademark of, and used under license from, a Syngenta Group Company. Agrisure® technology incorporated into these seeds is commercialized under a license from Syngenta Crop Protection AG. Herculex® Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. Herculex® and the HX logo are registered trademarks of Dow AgroSciences LLC. Liberty®, LibertyLink® and the Water Droplet Design are trademarks of Bayer. YieldGard®, the YieldGard Corn Borer design, Genuity®, Roundup®, Roundup Ready® and Roundup Ready 2 Yield® are registered trademarks of Monsanto Technology LLC used under license. Individual results may vary, and performance may vary from location to location and from year to year. This result may not be an indicator of results you may obtain as local growing, soil and weather conditions may vary. Growers should evaluate data from multiple locations and years whenever possible. Products, benefits and concepts described herein will not be offered for sale or distribution until completion of field testing and applicable regulatory reviews. Pioneer® brand hybrids with event DP 4114 will not be offered for sale or distribution until completion of field testing and applicable regulatory reviews. Pioneer® brand canola hybrids with glyphosate resistance will not be offered for sale or distribution until completion of field testing and applicable regulatory reviews. ^ EXPORT APPROVAL NOTICE: This product is fully approved in the United States and Canada. Traits included in these products may or may not be approved in all global markets; therefore, the combination of these traits and the grain and certain by-products (including oil, dried distillers grain, cobs, and husks) from THESE PRODUCTS MAY NOT BE APPROVED for all markets. Growers that use this product are required and agree to adhere to the stewardship requirements as outlined in the Pioneer Product Use Guide and product-specific Stewardship Requirements for this product, which include specific grain disposition requirements. For questions regarding product stewardship and biotech traits please contact your sales representative or refer to www.pioneer.com/stewardship. Growers are required to discuss trait acceptance and grain channeling policies with their local grain handler prior to delivering grain containing biotech traits. Always read and follow all precautions and directions provided in product labeling before making in-crop or other applications of any agricultural herbicides or using any other pesticide. Pioneer is a member of Excellence Through Stewardship® (ETS). Pioneer is a member of Excellence Through Stewardship® (ETS). Pioneer products are commercialized in accordance with ETS Product Launch Stewardship Guidance and in compliance with the Pioneer policies regarding stewardship of those products. Crops and materials containing biotech traits may only be exported to or used, processed, or sold in jurisdictions where all necessary regulatory approvals have been granted for those crops and materials. It is a violation of national and international laws to move materials containing biotech traits across borders into jurisdictions where their import is not permitted. Growers should discuss these issues with their purchaser or grain handler to confirm the purchaser or handler's position on products being purchased. Excellence Through Stewardship® is a registered trademark of the Biotechnology Industry Organization. ^ ^ The DuPont Oval Logo is a registered trademark of DuPont. ®, SM, TM Trademarks and service marks of Pioneer. © 2014 PHII.