Fmc Corporation · NYSE:FMC
Fmc — BB&T Capital Markets presentation (August 2010)
22 slides from Fmc's conference presentation, Aug 30, 2010
Slide 1: BB&T Capital Markets, August 30, 2010
BB&T Capital Markets August 30, 2010 New York, NY Pierre Brondeau - President and CEO Exhibit 99.1 W. Kim Foster, Senior Vice President and CFO
Slide 2: Disclaimer
Disclaimer 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 contained in t
Slide 3: FMC Corporation LTM ending June 30, 2010
FMC Corporation LTM ending June 30, 2010 ($ millions) *EBITDA margin
Slide 4: Vision 2015 – Disciplined Approach to Growth
Vision 2015 – Disciplined Approach to Growth Solid investment grade rating : S&P BBB+/Moody’s Baa1 Debt maturing in next 5 years < $200 million Free cash flow of ~$200 million projected in 2010 Increased emphasis on internal technology development Complemented by financially attractive bolt-on acqui
Slide 5: Operating from a Position of Strength
Operating from a Position of Strength
Slide 6: Leading Market Positions
(1) Based on 2009 consolidated sales Industrial Chemicals #1 in N.A. Soda Ash #1 in N.A. Persulfates #1 Globally Carrageenan #1 Globally Carbofuran #2 in N.A. Pyrethroids Agricultural Products #1 Globally Alginates Specialty Chemicals #2 Globally #1 Globally Lithium Specialties Microcrystalline Cell
Slide 7: Diversified Customers and End Markets
Non- Cyclical 80% Cyclical 20% Approximately 80% of sales to non GDP-cyclical end markets Long-term relationships with blue chip customers No single customer represents more than ~1 % of sales Top 10 customers in total represent ~11% of sales Based on 2009 Consolidated Sales Diversified Customers an
Slide 8: Diversified and Integrated Cost Structure
Diversified and Integrated Cost Structure
Slide 9: Global Presence
North America 37% of Sales Latin America 25% of Sales Europe / Middle East / Africa 25% of Sales Asia / Pacific 13% of Sales Based on 2009 Consolidated Sales Global Presence
Slide 10: Agricultural Products
Based on 2009 Consolidated Sales of $1,052 million Strong niche positions in the Americas, Europe and Asia Proprietary, branded insecticides and herbicides Strategic Thrusts: Focused in attractive intersections of products, crops and regions Developing new actives & formulations to serve selected ne
Slide 11: Agricultural Products 2010 outlook
2010 segment earnings growth in the mid-single digits reflecting higher sales in most regions partially offset by less favorable product and geographic mix, higher first half inventory costs and increased spending on growth initiatives. Agricultural Products
Slide 12: Specialty Chemicals
BioPolymers – pharmaceutical and food ingredients Lithium focus on specialties – pharmaceuticals and energy storage Strategic Thrusts: Strengthening positions in core market segments Continue high focus on close-to-customer technology development and formulation Pursuing financially attractive bolt-
Slide 13: Specialty Chemicals 2010 outlook
2010 segment earnings up approximately 20 percent reflecting strong commercial performance in BioPolymer, higher volumes in lithium primaries and continued productivity improvements Specialty Chemicals
Slide 14: Industrial Chemicals
Based on 2009 Consolidated Sales of $1,027 million #1 North American manufacturer of soda ash Low cost, proprietary production technologies Strategic Thrusts: Managing for cash generation Aligning capacity to highest margin markets Controlling costs and increasing productivity Strengthening products
Slide 15: Industrial Chemicals 2010 outlook
Industrial Chemicals 2010 segment earnings segment earnings up 25 to 30 percent driven by volume growth and favorable raw material and energy costs, partially offset by lower selling prices and higher plant outage costs
Slide 16: Maintaining financial strength and strategic flexibility
Maintaining financial strength and strategic flexibility + Solid balance sheet + Conservative liquidity profile * Strong cash flow Focusing on growth in Agricultural Products and BioPolymer + Increased emphasis on internal technology development + Complemented by financially attractive bolt-on acqui
Slide 17: Glossary of Financial Terms & Reconciliations of GAAP to Non-GAAP
Glossary of Financial Terms & Reconciliations of GAAP to Non-GAAP
Slide 18: Non-GAAP Financial Terms
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. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortizat
Slide 19: Segment Financial Terms
These slides contain references to segment financial items. Some of the segment financial terms are “non-GAAP financial terms” and are defined below. In addition, we have provided reconciliations of non- GAAP terms to the closest GAAP term in the appendix of this presentation. EBITDA (Earnings Befor
Slide 20: Reconciliation of income from continuing operations to EBITDA
Reconciliation of consolidated income from continuing operations before income taxes (a GAAP measure) to EBITDA (a Non-GAAP measure) EBITDA Reconciliation: LTM 6/30/2010 (Unaudited, in $ millions) LTM 6/30/2010 Income (loss) from continuing operations before income taxes $359.6 Net Income attributab
Slide 21: Reconciliation of Segment Operating Profit to EBITDA
Reconciliation of Segment Operating Profit (a GAAP measure) to EBITDA (a Non-GAAP measure) Segment EBITDA Reconciliation: LTM 6/30/2010 (Unaudited, in $ millions) LTM 6/30/2010 Segment Industrial Chemicals Specialty Chemicals Agricultural Products Segment Operating Profit (GAAP) $117.8 $172.9 $278.4
Slide 22: FIC
FIC
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