Slide 1: FMC Corporation presentation, Boston, September 9, 2004
Exhibit 99.1 Exhibit FMC Boston September William Corporation Road 99.1 G. 9, Walter Trip 2004 Chairman, President and CEO
Slide 2: Safe Harbor Statement Disclaimer
SafeCompany Disclaimer These Actual Additional Securities The Harbor slides results Exchange information Statement and of undertakes the Act Company accompanying under concerning ofno1934, obligation the may Private asfactors presentation differ amended. toSecurities materially update that may conta
Slide 3: Use of Non-GAAP Financial Terms
Use ofCurrent These addition, segment principle EBITDA ROIC debt, slides (Return Non-GAAP financial in and (Earnings Margin the contain Depreciation portion on Conference is Invested items Terms the Before certain ofquotient which long-term Capital) and Interest, Calls “non-GAAP are Amortization. of
Slide 4: Diversified Chemical Company
Diversified ($ FMC Industrial Specialty Agricultural Sales: million, Corporation $2,017.4 $793.1 $526.4 $703.3 Chemicals Chemicals LTM chemical Products EBITDA: EBITDA: 6/30/04) company $96.6 $132.4 $145.5 $329.2 Margin: with Margin: Margin: leading 12.2% 25.2% 20.7% 16.3% market positions in indust
Slide 5: FMC Strengths
FMC Strengths Leading Global Diversified experience presence market business positions mix and high-quality customer base Diversified and integrated cost structure Focused R&D and strong applications expertise Proven management with extensive industry
Slide 6: Industrial Chemicals Overview
Industrial 2003 Foret Alkali Peroxygens Asia Europe/Middle North South Excludes #1 North 6% Consolidated 34% America (Soda American phosphorus Chemicals 19% ash) 51% 8% East/Africa 47% Sales: manufacturer Overview chemicals $770.6 35% sales million of soda at Astaris ash andJVperoxygens of $384.5 mi
Slide 7: Industrial Chemicals Financial Performance
Industrial Millions $133 25% $94 19998 Margin EBITDA Industry Declining 20% $130 1999 over-expansion $250 Capital Chemicals 15% demand, 2000 $200 10% Spending 2001 price $150 5% Financial 2002 0% during erosion $100 EBITDA 2003 Performance $50 the and 2004 late $0Margin capacity $208 1990’s $194 (%)
Slide 8: Sold-out Soda Ash Market
Sold-out All U.S. Soda 1.2 Last 85 2004F 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 Effective Price 90 1.1 producers Peak Bulk Ash Index 951 Domestic 0.9 100 Capacity Price Effective 0.8 have Index Utilization Soda supported Capacity (1990 Ash=Industry a(%, 1.0) Util. $15/
Slide 9: Improving Growth Demand and Chinese Export Market
Improving Growth Demand Excess Domestic There With Higher Salt, Energy The Ocean Chinese VAT amarket are key freight costs supply costs, of have exporters of drawback 47 Chinese the ingredient Soda 11pricing are soda curbed particularly for Chinese million ofAsh limiting 2soda ash recently pricing m
Slide 10: Rising Hydrogen Peroxide Prices
Rising All Hydrogen 1.2 Last 100 Effective Price 2004F 2003 2002 2001 2000 1999 1998 1997 1996 1995 19941.1 major 95 Peak Index Domestic 1 0.9 90Capacity U.S. Peroxide 85Effective 0.8 80producers 0.7 75 Hydrogen Utilization 70 Price 0.6 Capacity have Index Peroxide (%, supported Util. (1994=1.0) Nor
Slide 11: Industrial Chemicals: Steady Recovery After Rhodia Shutdown
Industrial Steady After Hydrogen Peroxide Phosphorus Rhodia’s Foret Price recovery ahas recovery strong price shutdown recovered Chemicals peroxide chemicals 2003, is increase across beginning of demand STPP peroxygens Improvement Rouen innearly ofavolume 8% slow growth STPP all inrecovery expected
Slide 12: Astaris Turnaround and Restructuring
Turnaround Significant Plant Annualized North Strong Chinese Broad-based De-leveraging $36 Astaris Possible million closures American euro capacity is P4 refinancing now restructuring supply savings of In has price and and keepwells debt Domestic reduced reductions market product increases refinanci
Slide 13: Specialty Chemicals Overview
Specialty 2003 Lithium BioPolymer Asia North Europe/Middle South BioPolymer:Adds Acts Market Lithium: Focus15% as Consolidated America on leader a29% One binder specialty Chemicals 71% of in41% 8% East/Africa & two every structure, disintegrant products—pharmaceuticals Sales: Overview global, produc
Slide 14: Specialty Chemicals Financial Performance
Specialty Millions $100 $120 $0 $20 30% 1998 Margin EBITDA Exit BioPolymer $132 of 25% $80 1999 lower $127 $140 Capital Chemicals $60 20% 2000 franchises margin $40 $122 15% 2001 Spending $115 10% Financial process 2002 1998-2003 $116 5%EBITDA 2003 additives 0% Performance $110 2004Margin division (
Slide 15: BioPolymer: Alginates and Carrageenan Market
BioPolymer: Alginates Carrageenan FMC MCC Share Market Pharmaceutical Market Position: Size (M): Growth: the Share: #demand 4-6% Core 1$235 # 1of 3-5% #$335 driven 2Specialty’s 3-5% $185 by strong Growth growth of prescription drugs Food demand driven by dynamic health and convenience food trends FM
Slide 16: Lithium: Solid Growth in Energy Storage
Lithium: Solid 27% Strong 25% Significant Key Uses: 17% products: of growth polymer synthesis primary growth FMC Repositioned growth in Lithium lithium and in synthesis of polymer pharmaceutical pharmaceutical secondary in energy sales metals, inorganics, forand markets Growth initiation storage bat
Slide 17: Agricultural Products Overview
Agricultural 2003 Herbicides Insecticides Asia Europe/Middle North South Proprietary, Key FMC Focused Cost The depth crops: 15% reduction Consolidated differentiated America innovation and 24% cotton, branded 76% Products breadth strategies 36% 32% East/Africa corn, Sales: by: (R&D insecticides Over
Slide 18: Agricultural Products Financial Performance
Agricultural Millions $0 $20 $40 $60 $80 $100 20% 1998 Margin EBITDA Depressed Peak Growth $114 18% in 1999 FMC’s in $111 $120 Capital 16% 2003 crop 2000 Products $106 14% row market driven 2001 Spending $101 crop 12% Financial 2002 by 1998-2002 herbicide $99 10% new EBITDA 2003 $87 8% labels, Perfo
Slide 19: Positive Outlook for Agricultural Products
Positive Driven Improving Rising Significant Manufacturing Global Success Focused Label Novel Accessexpansions ISK global supply by toof Outlook product two robust global market chemistry cost crop new chain initiatives savings development for crop in farm access prices and both redesign Agtargeting
Slide 20: Longer-term Growth: Robust R&D Pipeline
Longer-term A FMC 1990 Plant Fungicides PPO Use Insecticides 2000 Field-Level robust ofPlatform 1995 2001 Growth R&D advanced pipeline 2000 2002 Evolution Insecticide Herbicides Growth Regulators (Herbicides) 2005 2003 technologies of insecticide-active in2004 Chemistries Nematicides Insecticides 10
Slide 21: Summary: Great Businesses
Summary: Great Industrial Steady Low Improving capital businesses, growth Chemicals Great free expenditure in cash Businesses Specialty each flow earnings generating requirements Chemicals that EBITDA are $50 and million Ag of Products overbelow $100 million normal and $100 below peak
Slide 22: Improving Cash Flow Components
Improving $ EBITDA* Pre-Tax Capital Cash Legacy Pocatello Phosphorus-Related: Keepwells * Includes millions Calculated Taxes Flow Expenditures Environmental Interest** $82 35 $368 36 Cash Components 15 <10 using million ————Relatively ————Increasing————— Flow —<10 84 mid-point —of 90 <10 ————Decreas
Slide 23: Strategic Objectives
Strategic Unlocking Realize Double-digit Industrial Create Reduce Regain Focus Manage Divest Improvethe greater any an the net Specialty Industrial ROIC Objectives Chemicals portfolio investment value business operating debt growth financial toto and 12 Chemicals Chemicals $600 on that in recovery p
Slide 24: FMC Corporation
FNC FMC Corporation