Fmc Corporation · NYSE:FMC

Fmc — Investor Presentation (March 2008)

19 slides from Fmc's investor presentation, Mar 19, 2008

  1. Slide 1: Disclaimer: Safe Harbor Statement

    Exhibit 99.1 Disclaimer Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 • 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. Act

  2. Slide 2: FMC Corporation

    FMC Corporation LTM ending December 31, 2007 ($ millions) FMC Revenue: $2,632.9 EBITDA: $511.6 Margin*: 19.4% Industrial Specialty Agricultural Chemicals Chemicals Products Revenue: $1,087.1 Revenue: $659.5 Revenue: $889.7 EBITDA: $161.5 EBITDA: $174.7 EBITDA: $234.2 Margin*: 14.9% Margin*: 26.5% Ma

  3. Slide 3: Leading Market Positions

    Leading Market Positions Product Group Position (1) Industrial Soda Ash #1 in N.A. Chemicals Peroxygens #1 in N.A. (2) Agricultural Pyrethroids #2 in N.A. Products Carbofuran #1 Globally Microcrystalline Cellulose #1 Globally Specialty Carrageenan #1 Globally Chemicals Alginates #2 Globally Lithium

  4. Slide 4: Diversified Customers and End Markets

    Diversified Customers and End Markets 2007 Consolidated Sales Bottle Other 12% Cyclical Non-Cyclical Glass 3% Chemicals 6% 19% 81% Food 8% Pulp & Paper 4% Glass/Fiberglass 4% Pharmaceuticals 11% Electronics 2% Other 3% Detergents 9% Chemicals 4% Agricultural 34% Greater than 80% of sales to non-cycl

  5. Slide 5: Diversified and Integrated Cost Structure

    Diversified and Integrated Cost Structure Low cost sourcing of raw materials • Backward integration: soda ash, lithium • Global sourcing of renewable resources: hardwood pulp, seaweed Low reliance on purchased raw materials • Total raw materials represented approximately 28% of cost of sales in 2007

  6. Slide 6: Disciplined Approach to Unlocking Value

    Disciplined Approach to Unlocking Value Realizing the inherent operating leverage within FMC • Sustained earnings growth >10% per year (1) • 2008 expected to be the fifth straight year of growth in Industrial Chemicals’ soda ash business • Continued growth in Specialty Chemicals and Agricultural Pro

  7. Slide 7: Agricultural Products

    Agricultural Products Based on 2007 Consolidated Sales of $889.7 million Fungicides Asia 2% Pacific North 15% America 22% Herbicides EMEA 41% 17% Insecticides 57% Latin America 46% Strong niche positions in the Americas, Europe and Asia Proprietary, branded insecticides and herbicides Strategic Focu

  8. Slide 8: Agricultural Products

    Agricultural Products 2008 segment earnings up 10-15 percent driven by sales growth and further supply chain productivity improvements, partially offset by higher raw material costs 250 234 30% 25% 200 182 157 20% 148 150 111 15% 99 100 10% 50 5% 0 0% 2002 2003 2004 2005 2006 2007 EBITDA Capex EBITD

  9. Slide 9: Specialty Chemicals

    Specialty Chemicals Based on 2007 Consolidated Sales of $659.5 million Asia Pacific North Lithium 21% America 32% 36% BioPolymer EMEA Latin 68% 36% America 7% BioPolymers add structure, texture and stability to food and act as binders & disintegrants for dry tablet drugs Lithium focus on downstream

  10. Slide 10: Specialty Chemicals

    Specialty Chemicals 2008 segment earnings growth the low-single digits as strong commercial performance in BioPolymer and the benefit of continued productivity improvements are mitigated by lower selling prices for primary lithium compounds and higher export taxes in Argentina 200 30% 175 150 25% 15

  11. Slide 11: Industrial Chemicals

    Asia 7% Industrial Chemicals Based on 2007 Consolidated Sales of $1,087.1 million Asia Pacific 7% Foret 32% Alkali EMEA 34% North (Soda Ash) America 52% 48% Peroxygens 16% Latin America 11% #1 North American manufacturer of soda ash and peroxygens Backward integration into natural resources; low cos

  12. Slide 12: Industrial Chemicals

    Industrial Chemicals 2008 segment earnings up 55-60 percent as aggregate price and volume benefits and improved power market conditions in Spain more than offset higher raw material costs. 200 30% 161 162 25% 151 150 130 124 20% 100 94 15% 10% 50 5% 0 0% 2002 2003 2004 2005 2006 2007 EBITDA Capex EB

  13. Slide 13: FMC in Summary

    FMC in Summary Great businesses, each with EBITDA greater than $160 million Sustained double-digit earnings growth (1) • Earnings leverage in Industrial Chemicals • Continued growth in Specialty Chemicals and Ag Products Strategic and financial flexibility • Robust and growing EBITDA • Balance sheet

  14. Slide 14: Appendix

    FMC Corporation Appendix Glossary of Financial Terms Reconciliations of GAAP to Non-GAAP

  15. Slide 15: 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

  16. Slide 16: Segment Financial Terms

    Segment Financial Terms These slides contain references to segment financial items which are presented in detail in Note 19 of FMC’s 2007 Form 10-K. Some of the segment financial terms are “non-GAAP financial terms” and are defined below. In addition, we have provided reconciliations of non-GAAP ter

  17. Slide 17: EBITDA Reconciliation: LTM 12/31/07

    EBITDA Reconciliation: LTM 12/31/07 Reconciliation of LTM 12/31/2007 consolidated income from continuing operations before income taxes (a GAAP measure) to LTM 12/31/2007 EBITDA (a Non-GAAP measure) (Unaudited, in $ millions) LTM 12/31/2007 Income (loss) from continuing operations before income taxe

  18. Slide 18: Segment EBITDA Reconciliation

    Segment EBITDA Reconciliation Reconciliation of LTM 12/31/07 segment operating profit (a GAAP measure) to LTM 12/31/07 EBITDA (a Non-GAAP measure) (Unaudited, in millions) Industrial Specialty Agricultural Segment Chemicals Chemicals Products LTM 12/31/07 segment operating profit (GAAP) $92.5 $142.7

  19. Slide 19: FMC Corporation

    +c FMC Corporation

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