News Release 4Q & FY 2019 Corteva Reports Fourth Quarter and Full Year 2019 Results and Provides 2020 Guidance WILMINGTON, Del., Jan. 30, 2020 – Corteva, Inc. (NYSE: CTVA) today reported financial results for the quarter ended December 31, 2019 and the full year 2019. The Company also provided 2020 guidance. FULL YEAR 20192 RESULTS OVERVIEW Net Sales EPS Income from Cont. Ops. (After Tax) GAAP $13.8 B $0.02 $26 M vs. FY 20182 (3)% +100%6 +101%6 Organic Sales1 Operating EPS1 Operating EBITDA1 NON-GAAP $14.3 B $1.43 $2.0 B vs. FY 20182 - % (6)% (4)% • Full year reported net sales for 2019 were $13.8 billion, • Operating EBITDA1 was $2.0 billion, down 4% down 3% versus the prior year, driven by currency. versus prior year, as weather-related declines in • GAAP earnings per share (EPS) from continuing North America and currency impacts were partially operations were $0.02 for the full year – and GAAP offset by cost savings, gain on divestitures, and income from continuing operations after taxes was contribution from new products. $26 million. • Merger cost synergies were approximately • Outside of North America,3 net sales in 2019 grew 1%, $350 million for 2019, on track to deliver $1.2 billion with an increase of 1% in Crop Protection and flat by 2021. Seed sales. New product sales led to Rest of World • Corteva returned approximately $220 million to organic sales1 growth of 7% in Crop Protection and 6% shareholders in 2019, in line with previous in Seed. commitments. “Our results show that we capitalized on the strength of our product pipeline to realize above- market organic growth especially outside of North America. We also delivered on our cost- synergy commitments and intensified our productivity actions. In our first six months as a stand-alone company, we demonstrated our collective strengths and our ability to navigate unprecedented market conditions to finish strong.” “As we look forward, we expect more normal weather conditions in North America will set the stage for further performance improvements. We remain committed to driving shareholder value and financial results consistent with our stated priorities.” – James C. Collins, Jr., Corteva Chief Executive Officer Enlist E3™ Soybean Launch Conkesta Insect Control Trait Crop Protection Asset Sales Accelerated Receives China Approval Demonstrate Best-Owner Model Corteva is accelerating the ramp- Corteva received import Corteva agreed to sell Chlorpyrifos Company up of its Enlist E3™4 soybeans, authorization from China for the assets in India; Bensulfuron- Updates as well as its Enlist One® and Conkesta™ soybean insect Methyl assets in Asia Pacific Enlist Duo® herbicides, in the U.S. control trait in the fourth quarter. (excluding China); Quinoxyfen and Canada. Solid commercial The trait approval had been in business assets; and a selection of and research performance results progress in China since 2014. The U.S. herbicide brands during the for the system in 2019 support receipt of China import approval is fourth quarter. These actions are acceleration. More than 20 a necessary step for aligned with the Company’s additional licensees have been commercialization of Conkesta commitment to driving an active signed in the fourth quarter for a E3™ in Latin America, which is on portfolio management approach total of 120 licensees. track for the early 2020s. focused on margin expansion and shareholder value creation. 1. Organic sales, Operating EPS, Pro Forma Operating EPS, Operating EBITDA and Pro Forma Operating EBITDA are non-GAAP measures. See page 6 for further discussion. 2. First Quarter 2019 and prior year GAAP information is on a pro forma basis and was determined in accordance with Article 11 of Regulation S-X. Non-GAAP measures for these periods are reconciled to the GAAP pro forma measure. 3. North America is defined as U.S. and Canada. EMEA is defined as Europe, Middle East and Africa. 4. Enlist E3™ soybeans are jointly developed by Dow AgroSciences and MS Technologies™ 5. The company does not provide the most comparable GAAP measure on a forward- looking basis. See page 6 for further discussion. 6. Full year 2019 improvement over prior year for Loss from Continuing Operations After Income Taxes and GAAP EPS is primarily due to the absence of a goodwill impairment charge recognized in the third quarter 2018. See page 3 of the Financial Statement Schedules for further disclosure.


The following information was filed by Corteva, Inc. (CTVA) on Thursday, January 30, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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