Fmc Corporation · NYSE:FMC
Fmc — May Investor Conferences 2013
22 slides from Fmc's conference presentation, May 7, 2013
Slide 1: FMC Corporation May Investor Conferences
FMC Corporation May Investor Conferences Paul Graves Executive Vice President and Chief Financial Officer May, 2013
Slide 2: Safe Harbor Statement
Safe Harbor Statement Safe Harbor Statement • These slides and the accompanying presentation contain “forward-looking statements” that represent management’s best judgment as of the date hereof based on information currently available. Actual results of the Company may differ materially from those c
Slide 3: FMC: Sustained Profitable Growth
FMC: Sustained Profitable Growth • Proven record of superior financial performance − 2012 revenue $3.7 billion and $738 million in EBIT • Business portfolio well positioned, with high margins and return on invested capital − Three strong core platforms − Low reliance on GDP cycles • Strong financial
Slide 4: Our Vision For FMC In 2015
Our Vision For FMC In 2015 4 P R E M I U M T S R P E R F O R M A N C E Strong cash generation with disciplined cash deployment Significantly greater earnings stability Sustained mid-teens or higher return on invested capital Sales of $5B+ and EBIT of $1.2B+
Slide 5: Realignment: Sharpening Our Focus
Realignment: Sharpening Our Focus • Vision 2015 set out long-term profitable growth goals − Generate premium returns − Invest in growth − Manage portfolio • Realignment of businesses − Simplifies portfolio − Creates focus on the core platforms where FMC has a sustainable competitive advantage • Expl
Slide 6: 2012 FY Results
2012 FY Results* ($ millions) • Soda Ash • Lithium • Food • Pharmaceuticals • Nutraceuticals • Herbicides, Insecticides, Fungicides, Seed Treatment, Biologicals FMC Corporation • Peroxygens • Environmental Solutions *Unaudited financials under new reporting structure 6
Slide 7: FMC's Portfolio: The Foundation Of Success
FMC’s Portfolio: The Foundation Of Success 7 7
Slide 8: Agricultural Solutions Overview
Agricultural Solutions Overview • An agile, innovative, customer- focused and highly profitable business − 2012 Sales of $1.8B and EBIT of $454M • Global in scope, with particular strength in the Americas • Sustainable competitive advantage driven by unique business model • Industry leading technolo
Slide 9: Key Elements of Our Unique Business Model
Key Elements of Our Unique Business Model 9 F M C A G R I C U L T U R A L S O L U T I O N S Low-cost, variable manufacturing network Active ingredient innovation driven by aggregating technologies Disciplined focus on niche crops and technically- advantaged products for row crops Decentralized R&D,
Slide 10: Delivering High Margins
Delivering High Margins (1) 2012 Reported Adjusted Operating Margin (2) Data for DOW Ag. Sciences is EBITDA margin 10 0% 5% 10% 15% 20% 25% 10 Crop Protection Chemicals 2012 EBIT Margin F M C A G R I C U L T U R A L S O L U T I O N S (1) (2)
Slide 11: FMC Health and Nutrition Overview
FMC Health and Nutrition Overview • Leading supplier of functional ingredients to food and pharmaceutical markets − 2012 Sales of $681M and EBIT of $162M • Texturants and natural colors for food applications • Tablet binders for pharmaceutical and nutraceutical applications • Provide high degree of
Slide 12: FMC Health And Nutrition Product Line
FMC Health And Nutrition Product Line Common End Markets and Characteristics • Regulated or Semi-Regulated • Sizeable ($ billions) market segments with attractive growth rates − Food − Pharmaceuticals − Nutraceuticals − Personal Care • Branded products • High quality requirements, consistent standar
Slide 13: FMC Minerals Overview
FMC Minerals Overview • Commodity businesses that are managed to optimize supply/demand market characteristics • Advantaged commodities with leading market positions − 2012 Sales of $966M and EBIT of $171M • Favorable cost positions − Natural vs synthetic trona − Brine-based lithium extraction vs sp
Slide 14: Alkali Chemicals At A Glance
Alkali Chemicals At A Glance Business Overview • Alkali Chemical Division produces natural soda ash used by manufacturers in glass, chemical processing and detergent industries • Operations include − Westvaco plant (Green River, WY) − World’s largest trona mine − World’s largest soda ash plant − FMC
Slide 15: Lithium At A Glance
Lithium At A Glance 15 Business Overview • #2 producer in world on a revenue basis • Market leader in key segments − #1 supplier of lithium hydroxide, lithium chloride, specialty lithium salts − A leader in downstream lithium metal products and organo-lithium compounds • Integrated operational footp
Slide 16: FMC Peroxygens Business Overview
FMC Peroxygens Business Overview • Leading supplier of hydrogen peroxide, persulfates, peracetic acid, silicates • Strategic end market focus with attractive growth prospects − Oil & Gas − Environmental − Food Safety − Electronics − Industrial • Global operations located close to customers Current S
Slide 17: Delivering Robust EPS Growth
Delivering Robust EPS Growth 17 $2.08 $2.47 $2.99 $4.00 $- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 2009A 2010A 2011A 2012A 2013* 2014 2015 $5.75 – $6.25 Adjusted EPS Trend $3.48 Expecting 2013 FY EPS $3.93 - $4.07 2012 – 2015F CAGR 18 – 22% 2009 – 2012 CAGR 19% *Based on midpoint of May 1, 2013 ou
Slide 18: Reaffirming Our Vision For FMC In 2015
Reaffirming Our Vision For FMC In 2015 18 P R E M I U M T S R P E R F O R M A N C E Strong cash generation with disciplined cash deployment Significantly greater earnings stability Sustained mid-teens or higher return on invested capital Sales of $5B+ and EBIT of $1.2B+ FMC will continue to deliver
Slide 19: Glossary of Financial Terms & Reconciliations of GAAP to Non-GAAP
Glossary of Financial Terms & Reconciliations of GAAP to Non-GAAP 19
Slide 20: Non-GAAP Financial Terms
• These slides contain certain “non-GAAP financial terms” which are defined below. In addition, we have provided reconciliations of non- GAAP terms to the closest GAAP term in the appendix of this presentation • Adjusted Operating Profit (Adjusted earnings from continuing operations, before interest
Slide 21: EBIT Reconciliation: LTM 12/31/2012
Reconciliation of consolidated income from continuing operations before income taxes (a GAAP measure) to Adjusted Operating Profit (a Non-GAAP measure) EBIT Reconciliation: LTM 12/31/2012 (Unaudited, in $ millions) LTM 12/31/2012 Income from continuing operations before $ 612.6 income taxes (GAAP) C
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