Document 1aj7D8Op33GDgmeMLkVj8b95

? ' V "'?Hv: \V HUP O NI CHAIRMAN'S MESSAGE hroughout 2003 the ongoing Ttransformation of DuPont continued at a rapid and dramatic pace. We launched a "new" DuPont, powered by science and . focused on growth. Out vision is to 'be the worlds most dynamic science company, creating sustainable solutions essential to a bettarrsafe, healthier life for people everywhere. We are intensely ' ^fociised'on opportunities.that can ' "deliver results in 2004 and 2005 and help us achieve our goals of 6 percent annual revenue growth and 10 percent annual growth in .'earnings. We made good progress last year. Our sales grew;by 12 percent in The common denominator in every thing we do is science. We have 20 global research and development centers. We filed for 1,288 U.S. patents in 2003, up more than 25 percent from 2002. A third of those were in biotechnology, the balance in chemistry and other areas of science. In 2003, 29 percent of our sales were from products less than five . years old compared to 22 percent in ' ' ` 2000. Our 2005 goal is 33 percent and to maintain that into the future. The purpose of this discovery effort is a steady stream of new products.--.... for our customers. Among recent.' products resulting from our research the result of tl?e'tanee in value of HyperCu^;'^rimers for automobil^^,,^. the U.S. dollarfbSb^was mainly .^`i '.>?!' _____________ ______________________ refinish, ;Fbaelsilver conductors-fori." because of thejrafdfwprk of DuFontJ* plasma television screens, Steward-" f'J; people earning cusfothers' trust and and Avaunt insecticides, and new " `V- integrating recer^acquisitions. We have made more than 20 acquisitions 'fti-n th. e past two: years -- nine in composites-arid laminates for body-.'--" armor that provides soldiers with,' more protection at reduced weight'. countries with emerging economies. These are just a few examples of ' As a group they contributed to' how we offer customers the technical earnings. The integration of these strength to answer their questions new businesses has proceeded very and solve their problems. Our marketing is "inbound." We want to know what custom'eft -.* >, needs will be six months, one year, or two years from now, and customers' answers provide direction for our scientists and engineers. We continue to capitalize on the power of our five growth platforms. We are encouraged by the traction the growth platform concept has achieved in terms of collaboration across our businesses and creative solutions for our customers. And we arc excited about the impact that the growth platforms will have in the immediate future. In 2003 each platform made a significant contribution to our increased revenue. Each platform is demonstrating its ability to grow, to compete and win-globally, and to create opportunities in the near term. As pleased as we are with this progress, there is still enormous benefit to be gained from streamlining and standardizing our processes and' by devoting more resources to new products and services and in emerging economies such as China and Central and Eastern Europe. We are now operating in a very different environment in terms of cost inputs. As a result, we are placing increased emphasis on margins and on iiyjW^ct'AttmwcES 2QBi a tons;; fsjNESS SfSolBe, llc ' Griffin, LLC - Shandong Dcnghai Pioneer Seed Company ^Ele^r^nic & ^Communication Technologies ChemFirst, Inc. Merrimac Industries, Inc. Photonics Technologies, LLC Safety & Protection ChemFirst, Inc. Atofina Ruorotelomers Antec International Coatings & Color Technologies Renpar, S.A. DuPont Red Lion GloSail* u.S/;^ Chinas Global*^ u'.SS? U.S. iUi .Scv` . Europe Europe^*. ' ,,'A'merit'a^'' ./China f'/Kf/S Performance Materials Eastman LCP and PCT. polymer business Wuxi Xingda Nylon Co.; Ltd:..`-\' .imdoxacarb->.1 t.. ''imp'rovecTsoy flavor -- y .Electronic & , Communication Technologies Plasma display panel conductors CyrelVAST -Safety & Clean & Disinfect ./protection Environmental solutions I/ '' Now afaroid sheet structures .yiw?`***>,** ........... jCpatings.&iColor ArtistriTM I Tocliflojogies'- ' HyperCweTM clearcoat ^1 Super High Solids clearcoat .. PetTormanca-ATf^Y SentryGlas" Plus I .'{iMaterjajs'^VK^ftr . Zytel HTN ,e<y YVr:'. V`W.'V-lay..