DOCSLIB.ORG

Annual Report 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2020 KEEP GROWING. ANNUAL REPORT 2020 CORTEVA ANNUAL REPORT 2020 ACCELERATING VALUE CREATION Corteva delivered strong performance in our first full year as a standalone pure-play agriculture company despite the effects of an unprecedented year. We leveraged the power of our multi-channel, multi-brand distribution, superior product pipeline, and unmatched customer relationships to deliver above-market organic1 sales growth while taking actions across the organization to expand our margins and increase operating efficiency. At the same time, we maintained our focus on disciplined capital allocation, balancing our investment in ongoing growth initiatives with enhancing the return of capital to our shareholders. We are confident that the actions we took over the course of 2020 position us well to substantially accelerate our earnings growth in the coming year and over the long term. We invite you to read more about how Corteva continues to increase value for our shareholders, customers and society—living up to our purpose as a global agriculture industry leader, enriching the lives of producers and consumers now and for generations CONTENTS to come. FINANCIAL HIGHLIGHTS ................................................1 LETTER TO SHAREHOLDERS .......................................2 2020 HIGHLIGHTS ........................................................... 5 CORPORATE GOVERNANCE STRUCTURE SUPPORTS LONG-TERM VALUE CREATION .......6 IN IT FOR GOOD: SHAPING THE FUTURE OF AGRICULTURE THROUGH ENVIRONMENTAL SUSTAINABILITY ........................7 BOLDLY EMBRACING THE POWER OF INCLUSION, DIVERSITY AND EQUITY ................... 8 FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2020 (with selected financial exhibits) Stockholder Reference Information 1. Organic sales is a Non-GAAP measure. Refer to the Appendix of this document for further information. CORTEVA ANNUAL REPORT 2020 FINANCIAL HIGHLIGHTS Amounts in millions, except per share amounts 2020 2019 Net Sales $ 14,217 $ 13,846 Income from Continuing Operations after Tax2 $ 756 $ 26 Operating EBITDA1,2 $ 2,087 $ 1,987 GAAP Earnings per Share2 $ 0.98 $ 0.02 Operating Earnings per Share1,2 $ 1.50 $ 1.43 Dividends Declared per Share $ 0.52 $ 0.26 2020 Net Sales: $14,217 (Dollars in millions) 2020 Net Sales by Segment (Dollars in millions) Seed: Crop Protection: $7,756 $6,461 2020 Net Sales by Region (Dollars in millions) North Latin Europe, Middle East Asia America:3 America: and Africa: Pacific: $7,168 $2,805 $2,842 $1,402 North America:3 Latin America: Seed: Crop Protection: Seed: Crop Protection: $4,795 $2,373 $1,117 $1,688 Europe, Middle East and Africa: Asia Pacific: Seed: Crop Protection: Seed: Crop Protection: $1,468 $1,374 $376 $1,026 1. Organic Sales, Operating EBITDA, Operating EBITDA margin and Operating EPS are non-GAAP measures. See pages 59-61 of the 10-K and the Appendix of this document for further discussion. 2. Full year 2019 results are on a pro forma basis and were determined in accordance with Article 11 of Reg S-X, that was in effect prior to recent amendments. 3. North America is defined as the U.S. and Canada. The information provided herein contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates goals” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva’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, as well as expected benefits from, the separation of Corteva from DowDuPont, are forward-looking statements. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement environmental, sustainability, and governance goals or targets or other estimate, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the “Risk Factors” section of Corteva’s Annual Report on Form 10-K, as modified by subsequent reports on Form 10-Q and Current Reports on Form 8-K. 1 CORTEVA ANNUAL REPORT 2020 To Our Shareholders: In 2020, Corteva’s global team demonstrated our ability to deliver value. With an industry-leading product pipeline and unmatched distribution, we delivered for our customers— providing what they need, when they needed it. We continued to make investments to enhance our cost and competitive position–and expect to accelerate the impact of these actions on earnings in the near-term. Looking ahead, we are confident that we have the strategy, products, route to market, and productivity mindset to drive meaningful margin expansion and create significant value for our shareholders. Advancing Value-Added Innovation to Deliver Top-Line Growth Our superior new product portfolio and global distribution system continue to generate market preference and pricing advantage. In 2020, we capitalized on these strengths to deliver year-over-year sales gains of 3%, with organic1 sales growth of 8%. These gains were broad-based across segments and regions–with organic sales increases inclusive of strong execution on local pricing to address currency headwinds. We continued to drive adoption of new, differentiated Crop Protection products during 2020, resulting in net sales growth of 3% and organic1 sales growth of 11% for the segment. Sales from new products rose to $1.0 billion, up $265 million versus prior year, led by Enlist™, Arylex™, and Rinskor™ herbicides and Isoclast™ insecticide. By the end of 2021, we expect to generate $1.3 billion, or $300 million in incremental revenue, from our new Crop Protection product launches. In Seed, continued penetration of new technology drove year- over-year sales gains of 2% and organic1 sales increases of 6%, with organic1 sales gains in all regions–demonstrating the strength of our product offering and price for value strategy. Industry- Leading Our multi-brand, multi-channel distribution approach continues to serve us well, enabling us to provide greater Innovation choice and value for our customers. Since the initial Since the merger, we have launch of our Brevant™ brand through the retail channel in Latin America, we have driven 15% launched 16 highly innovative growth in corn seed volume. In 2021, we will products. These include key Seed continue to accelerate our U.S. retail rollout, technologies such as Qrome® and which we expect to increase our market share from 5% to 20% over the long- PowerCore® ULTRA, both driving our market term, representing an incremental share in corn, as well as our Enlist E3™ 4 soybean. earnings opportunity of more than $200 million. We also brought novel Crop Protection solutions to market, including Rinskor™, Arylex™ and Inatreq™, which reflect our continued commitment to sustainable chemistry. 2 CORTEVA ANNUAL REPORT 2020 Capitalizing on Our Competitive Advantages to Drive Margin Growth We are making solid progress in driving margin growth by maximizing the potential of our product innovation. Operating Strong Financial EBITDA1 rose 5% in 2020. Looking ahead, we are well-positioned to carry this momentum forward. Performance We continue to advance our trait independence strategy in $ 2020 Net Sales our Seed segment. Our proprietary Enlist™ system, which 14.2B represents a $400 million incremental earnings opportunity at peak, reflects the power of Corteva’s integrated portfolio $ 2020 Operating and offers a strong competitive advantage. In 2020, Enlist 2.1B EBITDA1 E3™ 4 represented 17% of Corteva’s soybean units in North America,3 exceeding our expectations, and the full Enlist™ system including our Enlist™ One® and Duo® herbicides % 2020 generated $440 million in sales for the year. 3 Net Sales We advanced our ongoing Crop Protection portfolio % 2020 Organic1 transformation efforts in 2020. Sales from patented and 8 Sales differentiated products represented 36% of total sales, up 5% versus 2019—and we expect that figure to reach 50% by Cost & 2023. Additionally, we took steps in 2020 toward further $ Productivity accelerating our innovation capabilities and strengths in 230M Delivered in 2020 high-margin end-markets, such as biologicals, where we anticipate increasing growth over the longer term. $ Returned to Shareholders in 20205 Our digital capabilities continue to serve as a catalyst for 663M further enhancing our innovation advantage and operating leverage. At the same time, the ongoing ramp-up of our $ 2020 Cash Flow proprietary digital tools focused on driving farm yield and 2.1B from Operations profitability strengthened our customer relationships and enabled us to quickly navigate the unexpected shift toward contactless customer engagement in 2020. % Return on 19.1 Invested Capital2 Attaining a Best-in-Class Cost Structure Across our operations, we remain laser-focused on reducing costs and driving operational
Load more

Recommended publications
  • DUPONT DATA BOOK SCIENCE-BASED SOLUTIONS Dupont Investor Relations Contents 1 Dupont Overview
    DUPONT DATA BOOK SCIENCE-BASED SOLUTIONS DuPont Investor Relations Contents 1 DuPont Overview 2 Corporate Financial Data Consolidated Income Statements Greg Friedman Tim Johnson Jennifer Driscoll Consolidated Balance Sheets Vice President Director Director Consolidated Statements of Cash Flows (302) 999-5504 (515) 535-2177 (302) 999-5510 6 DuPont Science & Technology 8 Business Segments Agriculture Electronics & Communications Industrial Biosciences Nutrition & Health Performance Materials Ann Giancristoforo Pat Esham Manager Specialist Safety & Protection (302) 999-5511 (302) 999-5513 20 Corporate Financial Data Segment Information The DuPont Data Book has been prepared to assist financial analysts, portfolio managers and others in Selected Additional Data understanding and evaluating the company. This book presents graphics, tabular and other statistical data about the consolidated company and its business segments. Inside Back Cover Forward-Looking Statements Board of Directors and This Data Book 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 DuPont Senior Leadership 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.
    [Show full text]
  • Dupont Company Engineering Department Photographs 1982.300
    DuPont Company Engineering Department photographs 1982.300 This finding aid was produced using ArchivesSpace on September 14, 2021. Description is written in: English. Describing Archives: A Content Standard Audiovisual Collections PO Box 3630 Wilmington, Delaware 19807 [email protected] URL: http://www.hagley.org/library DuPont Company Engineering Department photographs 1982.300 Table of Contents Summary Information .................................................................................................................................... 8 Historical Note ............................................................................................................................................... 8 Scope and Content ......................................................................................................................................... 9 Administrative Information .......................................................................................................................... 11 Controlled Access Headings ........................................................................................................................ 11 Collection Inventory ..................................................................................................................................... 11 Alabama Ordnance Works ........................................................................................................................ 11 Argentine Rayon Construction .................................................................................................................
    [Show full text]
  • Dupont™ Chemical Guidebook
    Chemical manufacturing Personal protective solutions for chemical manufacturing industry applications Because everyone Our brands Nomex® has someone ™ ® DuPont Nomex offers a tested and proven portfolio of protective solutions that continues to meet or exceed global standards for heat, flame and depending on them * electric arc flash protection. to get home safely Kevlar® Gloves made with DuPont™ Kevlar® offer industry-leading cut protection, built-in DuPont is more focused than ever on providing heat and flame resistance and electric arc flash protection, while providing the innovative protection solutions and expert technical dexterity and comfort workers want. support tailored to meet the specific needs of workers in chemical manufacturing industries Tyvek® around the world. DuPont™ Tyvek® garments provide workers with superior protection from small-sized hazardous particles, including lead, asbestos and mold. And because Because their safety is our business, workers in the protection is built into the fabric itself, there are no films or laminates to chemical manufacturing industries can rely on the abrade or wear away. world-class people, products and innovation that have made DuPont a trusted partner in personal protection. Tychem® DuPont™ Tychem® garments deliver durable protection and offer strong With a wide range of industry-leading personal permeation barrier against a wide range of chemicals. Together with Tychem® protective equipment (PPE) solutions and a global gloves and tape, they create the Tychem® Trusted Chemical System™ network of PPE specialists, technical experts and for complete protection. manufacturing, DuPont is uniquely suited to provide the protection and comfort every worker deserves to face a range of workplace hazards with confidence.
    [Show full text]
  • Wallace Hume Carothers Letters to Frances Gelvin Spencer 2435
    Wallace Hume Carothers letters to Frances Gelvin Spencer 2435 This finding aid was produced using ArchivesSpace on September 26, 2021. Description is written in: English. Describing Archives: A Content Standard Manuscripts and Archives PO Box 3630 Wilmington, Delaware 19807 [email protected] URL: http://www.hagley.org/library Wallace Hume Carothers letters to Frances Gelvin Spencer 2435 Table of Contents Summary Information .................................................................................................................................... 3 Biographical Note .......................................................................................................................................... 3 Scope and Contents ........................................................................................................................................ 4 Administrative Information ............................................................................................................................ 4 Related Materials ........................................................................................................................................... 5 Controlled Access Headings .......................................................................................................................... 5 - Page 2 - Wallace Hume Carothers letters to Frances Gelvin Spencer 2435 Summary Information Repository: Manuscripts and Archives Creator - crp: Carothers, Wallace Hume, 1896-1937 Creator - rcp: Spencer, Frances
    [Show full text]
  • Ball and Butterfly Valve Seat/Seal Materials
    SEAT AND SEAL MATERIAL S BALL AND BUTTERFLY VAL V E SEAT /SEAL MATERIAL S SEAT MATERIALS AND APPLICATIONS Virgin PTFE (Polytetrafluoroethylene) PTFE or TFE (Teflon®) is a fluorocarbon based polymer and typically is the most chemically- resistant of all plastics while retaining excellent thermal and electrical insulation properties. TFE also has a low coefficient of friction so is ideal for many low torque applications. This material is non-contaminating and accepted by the FDA for use in food services. Although TFE’s mechanical properties are low compared to other engineered plastics, its properties remain useful over a wide temperature range Temperature range: -100°F to +450°F. Color: white Torque adder: 0% RTFE (Reinforced Polytetrafluoroethylene) RTFE (reinforced Teflon® ) is compounded with a percentage of fiber glass or filler material to provide additional strength, stability and resistance to abrasive wear, cold flow and permeation in molded seats. Reinforcement such as glass fiber permits application at higher pressures and temperatures than unfilled TFE. RTFE should not be used in applications that attack glass, such as hydrofluoric acid and hot/strong caustics. Temperature range: -320°F to 450°F. Color: off-white (“milky-white”) Torque adder: 0% TFM TFM is a modified “second generation” TFE polymer that maintains the chemical and heat resistance properties of first generation PTFE. It has a denser polymer structure than standard PTFE with better stress recovery. Temperature range: -100°F to 500°F Color: white Torque adder: approximately 10% Delrin® Delrin® is DuPont’s trademark for Polyoxy-methylene. Delrin is very rigid, does not undergo cold flow, and has an excellent combination of strength, hardness, stiffness, stability, abrasion resistance and low friction.
    [Show full text]
  • Unlocking Value Creating Three World-Leading Companies 2017 Annual Report
    UNLOCKING VALUE CREATING THREE WORLD-LEADING COMPANIES 2017 ANNUAL REPORT AGRICULTURE MATERIALS SCIENCE SPECIALTY PRODUCTS WorldReginfo - b6146b17-9ab6-4688-a070-21c5404fe6dd FINANCIAL HIGHLIGHTS In millions, except amounts per share 2017 2016 YoY Net sales $62,484 $48,158 $14,326 Pro forma net sales1 $79,535 $70,894 $8,641 Income from continuing operations, net of tax $1,669 $4,404 $(2,735) Pro forma operating EBITDA1, 2 $16,166 $14,114 $2,052 Earnings per common share from continuing operations – diluted $0.95 $3.52 $(2.57) Pro forma adjusted earnings per common share from continuing operations – diluted 1, 3 $3.40 $2.79 $0.61 All year-over-year comparisons are on a pro forma basis and exclude significant items. 1 Pro forma information was prepared in accordance with Article 11 of Regulation S-X. 2 Pro forma Operating EBITDA is defined as earnings (i.e., “Pro forma income from continuing operations before income taxes”) before interest, depreciation, amortization and foreign exchange gains (losses), excluding the impact of significant items. 3 Pro forma adjusted earnings per share is defined as “Pro forma earnings per common share from continuing operations – diluted” excluding the after-tax impact of pro forma significant items and the after-tax impact of pro forma amortization expense associated with DuPont’s intangible assets. WorldReginfo - b6146b17-9ab6-4688-a070-21c5404fe6dd Dear DowDuPont Shareholders, In 2017, we took significant steps forward to create Strengthening our Foundation new value for you, our fellow shareholders. First and Immediately following the DowDuPont transaction foremost, we closed the historic merger of Dow close, our Board and management, with input and DuPont, with a clear purpose to combine our from a range of stakeholders and outside advisors, highly complementary portfolios and create three completed a thorough review of the portfolios industry-leading growth companies in Agriculture, of each of the three intended companies.
    [Show full text]
  • AGWS3-1838 88.Pdf (7.006Mb)
    - 2 - No. 77 - 5/4/45 Is research essential for social progress? Is it fundamental or superficial research that is essential? What is the essential need of fundamental research? "Permit me a few comments on the first question: Is research essential for social progress? The question tempts me to a blunt remark: Is running essen­ tial when you are in a stampede? In other words, with research as a tool avail­ able to your competitors can you ignore its power? If you doubt the power of research look about you: Who here is dressed in homespun? Who here breakfasted exclusively on unprocessed foods raised and transported without benefit of meteorology, chemistry, physics and biology? Who got here on his own feet with­ out the aid of airplane, train, subway, taxicab, or elevator? Can you. or any one else, stop by fiat or pious resolve the advances of technology? Not without getting left so far behind as to make the words 'social progress' a cackling mockery. I suspect that there have been societies and states in the history of the world in which life and human relationships were to the healthy participants as agreeable or more agreeable than life in these modern times is to us. But I am quite sure you wouldn't trade your life for theirs: you like to get well from a ruptured appendix, diphtheria, or an acute mania or a rodent ulcer of the face--they couldn't and they didn't. In fact, it is precisely in the field of medical science that I would insist that progress is real.
    [Show full text]
  • ELMER KEISER BOLTON June 23, 1886-Jidy 30, 1968
    NATIONAL ACADEMY OF SCIENCES E LMER KEISER BOLTON 1886—1968 A Biographical Memoir by RO BE R T M. J O Y C E Any opinions expressed in this memoir are those of the author(s) and do not necessarily reflect the views of the National Academy of Sciences. Biographical Memoir COPYRIGHT 1983 NATIONAL ACADEMY OF SCIENCES WASHINGTON D.C. ELMER KEISER BOLTON June 23, 1886-Jidy 30, 1968 BY ROBERT M. JOYCE LMER KEISER BOLTON was one of the outstanding leaders E of industrial research. He became an industrial re- search director at a time when research was only beginning to be a significant factor in the chemical industry. There were no models for this new role, and Bolton's concepts of direct- ing industrial research were in large measure those that he formulated himself, reflecting his vision and drive to achieve important commercial goals. The record of industrial products developed by Du Pont research organizations that he directed is impressive; it in- cludes synthetic dyes and intermediates, flotation chemicals, rubber chemicals, neoprene synthetic rubber, nylon synthetic fiber, and Teflon® polytetrafluoroethylene resin. His leader- ship in bringing these developments to fruition was always apparent to management and to those he directed, but be- cause of his characteristic self-effacement his name is not widely associated with these accomplishments. Throughout his career he supported and encouraged his technical person- nel. Most important, he had the knack of picking the right time and direction to take in moving a research lead into development. Many of his decisions proved crucial to the ultimate success of these ventures.
    [Show full text]
  • Kevlar Cut Protection Testing
    DuPont™ Kevlar ® THE SCIENCE OF CUT PROTECtiON Industry standards groups have made tremendous progress in testing and measuring the cut protective performance of gloves and apparel. DuPont has been a pioneer and active contributor to these efforts. It is now commonplace to have a wide range of performance data available for any protective apparel under consideration. Although the availability of cut protection performance information is widespread, it is important to understand the different test methodologies in order to interpret the data and draw accurate conclusions. This guide is designed to help specifiers of protective apparel make informed decisions about cut protective apparel performance. As a result, specifiers should take the time to better understand the sources of information and the critical factors that influence cut protection. Recent changes to some of the test methods make this imperative. The keys to cut protection Basis weight (oz/yd2) Cut protection is a combination of many factors, not just Defined as the fabric weight per unit area, not the overall the material of construction. Therefore, all of the following glove weight. The higher the basis weight, the higher the factors should be carefully considered when assessing cut resistance because there is more material present. the cut-resistant properties of a glove, particularly if you are developing a product specification: Fabric construction Defined as the details of structure of fabric. Includes such Material of construction information as types of knit or weave, threads/stitches (Kevlar®, leather, cotton, steel, etc.) This has the per inch. This can affect yarn mobility and sample greatest impact on the cut resistance of personal thickness, which can affect cut resistance.
    [Show full text]
  • E. I. Dupont De Nemours and Company, Form 10-K for Fiscal Year Ending December 31, 2005
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION 4s$yo> WASHINGTON, D.C. 20549 FORM 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2005 Commission file number 1-815 f( @3~-30“ E. I. DU PONT DE: NEMOURS ,yp3 AND COMPANY (Exact name of registrant as specified in its charter) DELAWARE 51-0014090 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 1007 Market Street Wilmington, Delawari: 19898 (Address of principal executive offices) Registrant’s telephone number, including area code: 302 774-1000 Securities registered pursuant to Section 12(b) of the Act (Each class is registered on the New York. Stock Exchange, Inc.): Title of Each Claiss Common Stock ($.30 par value) Preferred Stock (without par value-cumulative) $4.50 Series $3.50 Series No securities are registered pursuant to Section 12(g) of the Act. - Indicate by check mark whether the registrant is a well-known seasoned issuer (as defined in Rule 405 of the Securities Act). Yes No 0 Indicate by check mark whether the registrant is not reqluired to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes 0 No w Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Ball Valve Seat/Seal Materials and Service Applications
    APPLICATIONS - VALVE SOFT SEAT/SEAL MATERIALS One of the most important factors affecting shutoff capability is the nature of media being handled. Service life is affected by all of the following factors: - pressure, temperature, degree of pressure fluctuation and thermal fluctuation, type of media, cycling frequency, velocity of media & speed of valve operation. The following seat & seal materials can be used in various valves such as ball, plug, butterfly, needle, etc. BUNA-N (HYCAR or Nitrile) - Buna-N is a general-purpose polymer which has good resistance to oil, water, solvents and hydraulic fluids. It also displays good compression, abrasion resistance, and tensile strength. This material performs extremely well in process areas where paraffin base materials, fatty acids, oils, alcohols or glycerins are present, since it is totally unaffected. It should not be used around high polar solvents (acetones, ketones), chlorinated hydrocarbons, ozone or nitro hydrocarbons. Temperature range is 107°C maximum. Hycar is black in colour and should not be used where discolouration cannot be tolerated. It is regarded as a comparable replacement neoprene. Major differences are: Buna-N has a higher temperature limit; neoprene is more resistant to oils. EPDM - EPDM is a terpolymer elastomer made from ethylene-propylene diene monomer. EPDM has good abrasion and tear resistance and offers excellent chemical resistance to a variety of acids and alkalines. It is susceptible to attacks by oils and is not recommended for applications involving petroleum oils, strong acids, or strong alkalines. EPDM should not be used on compressed air lines. It has exceptionally good weather aging and ozone resistance.
    [Show full text]
  • 2002 Ultrasport Brochure
    2002 Ultrasport lit-final prod 10/1/01 4:37 PM Page 1 Damon Corporation • P.O. Box 2888 • Elkhart, IN 46515 Information 219-389-0179 or 1-800-577-5692 Customer service 800-860-3812 www.DamonRV.com 2002 Ultrasport lit-final prod 10/1/01 4:37 PM Page 3 MOVING UP, HEADING OUT, HAVING FUN. IT’S ALL WITHIN YOUR POWER. That diesel motorhome you’ve been dreaming about? You know: the one you can actually afford? It’s here — in the 2002 Ultrasport™. And it’s no diesel upgrade, either. Damon builds the Ultrasport as a real diesel motorhome from the ground up. That means you don’t have to settle for any of the compromises necessary to turn a gas- powered coach into a diesel. It also means Damon can cut manufacturing costs, build in more luxuries and still pass savings on to you. Considerable savings. The result is, you get more of the power you’ve longed for: diesel power to provide exceptional road performance … the power to stretch your travel dollars farther … and the power to get more out of RV living. • Ultrasport’s power comes not only from its diesel engine, but also from its 6-speed Allison® transmission, full air brakes with antilock technology, air-ride suspension and Jacobs® exhaust brake. • A custom-designed front entrance door makes it easier to get into and out of the coach than a conventional cab door. • In the cab, you’ll find a comfortable 6-way- powered, reclining ultra-leather driver’s chair and an ultra-leather reclining passenger seat.
    [Show full text]