Corteva, Inc. (CTVA) Q4 2022 Earnings Call Transcript

Corteva, Inc. (NYSE:CTVA) Q4 2022 Earnings Conference Call February 2, 2023 9:00 AM ET

Company Participants

Kim Booth - Vice President of Investor Relations

Chuck Magro - Chief Executive Officer

Dave Anderson - Executive Vice President & Chief Financial Officer

Tim Glenn - Executive Vice President, Seed Business Unit

Robert King - Executive Vice President, Crop Protection Business Unit

Conference Call Participants

Vincent Andrews - Morgan Stanley

David Begleiter - Deutsche Bank

Cory Murphy - Vertical Research Partners

Joel Jackson - BMO Capital

Christopher Parkinson - Mizuho

Patrick Cunningham - Citi

Frank Mitsch - Fermium Research

Arun Viswanathan - RBC Capital Markets

Adam Samuelson - Goldman Sachs

Edlain Rodriguez - Credit Suisse

Operator

Good day and welcome to the Corteva 4Q 2022 Earnings Call. Today's call is being recorded.

At this time, I'd like to turn the conference over to Kim Booth, Vice President of Investor Relations. Please, go ahead.

Kim Booth

Good morning and welcome to Corteva's fourth quarter and full year 2022 earnings conference call. Our prepared remarks today will be led by Chuck Magro, Chief Executive Officer; and Dave Anderson, Executive Vice President and Chief Financial Officer. Additionally, Tim Glenn, Executive Vice President, Seed Business Unit; and Robert King, Executive Vice President, Crop Protection Business Unit, will join the Q&A session.

We have prepared presentation slides to supplement our remarks during this call, which are posted on the Investor Relations section of the Corteva website and through the link to our webcast.

During this call, we will make forward-looking statements which are our expectations about the future. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Our actual results could materially differ from these statements due to these risks and uncertainties, including, but not limited to, those discussed on this call and in the Risk Factors section of our reports filed with the SEC. We do not undertake any duty to update any forward-looking statements.

Please note, in today's presentation, we'll be making references to certain non-GAAP financial measures. Reconciliations of the non-GAAP measures can be found in our earnings press release and related schedules, along with our supplemental financial summary slide deck available on our Investor Relations website.

It's now my pleasure to turn the call over to Chuck.

Chuck Magro

Thanks, Kim. Good morning and thanks for joining us today. I hope everyone's year is off to a great start. There are several key messages I'd like to share with you today including our strong 2022 performance, an overview of the market fundamentals and an update on our value creation plan, with a closer look at what's ahead for 2023.