Slide 1: FMC Corporation
FMC Corporation W. Kim Foster Executive Vice President and CFO
Slide 2: Disclaimer Safe Harbor Statement
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 March 31, 2011
FMC Corporation LTM ending March 31, 2011 ($ millions) Revenue: $3,155 EBITDA: $688 Margin*: 21.8% Industrial Chemicals Revenue: $1,047 EBITDA:$198 Margin*: 18.9% Specialty Chemicals Revenue: $832 EBITDA: $223 Margin*: 26.8% Agricultural Products Revenue: $1,281 EBITDA: $339 Margin*: 26.4% *EBITDA m
Slide 4: Operating from a Position of Strength
Operating from a Position of Strength Leading market positions serving diverse end markets - low correlation to economic cycles Over 80% of sales in markets with low correlation to GDP cycles Global presence - biasing growth toward Rapidly Developing Economies (RDEs) 43% of 2010 sales in RDEs Goal o
Slide 5: Our Vision for FMC in 2015
Our Vision for FMC in 2015 Sales of $5+B and EBIT of $1.2+B Sustained mid-teens return on invested capital Significantly greater earnings stability Strong cash generation with disciplined cash deployment Premium TSR performance
Slide 6: Vision 2015 Launching from a Position of Strength
Vision 2015 Launching from a Position of Strength Strong Financial and Operational Performance Proven record of superior financial performance Business portfolio well positioned -- most with margins and asset returns well above peers Strong financial position -- liquid balance sheet, high return on
Slide 7: Vision 2015 Five Key Elements: Growing Leadership Positions
Vision 2015 Five Key Elements Growing Leadership Positions Organic Growth drives Sales to $4.0 - $4.5B Continued growth in leadership positions Attractive end markets Innovation - rich pipeline across businesses External Growth increases Sales to $5B Focused, disciplined strategy to include M&A, pro
Slide 8: Vision 2015 Key Themes By Business
Vision 2015 Key Themes By Business Agricultural Products Maintaining premium margins while growing sales Increasing contribution from market and product innovations External growth focused on acquiring new product lines and accessing third party active ingredients Specialty Chemicals Food Ingredient
Slide 9: Agricultural Products Vision 2015
Agricultural Products Vision 2015 An agile, innovative, customer-focused and highly profitable business with: $2.3B Sales: 13% CAGR (7% organic) 2010-2015 $575M EBIT: 13% CAGR (8% organic) 2010-2015 25% EBIT Margin 30-40% of 2015 Sales generated from products introduced during the plan period Strate
Slide 10: Specialty Chemicals Vision 2015
Specialty Chemicals Vision 2015 Global Leader in Functional Chemistries for Food, Pharmaceuticals and Energy Storage Markets Strong portfolio of businesses with attractive organic growth in all businesses and significant external growth opportunities $1.5 billion Sales and $375 million EBIT 12% Sale
Slide 11: Industrial Chemicals Vision 2015
Industrial Chemicals Vision 2015 Restructured and transformed business segment Delivering sustained Sales/EBIT growth Greater earnings stability Strong cash generation Above hurdle rate returns across economic cycles Key Elements Attractive portfolio of businesses Increased specialty focus Global re
Slide 12: Vision 2015 Five Key Elements: Increasing our Reach
Vision 2015 Five Key Elements Growing Leadership Positions Increasing our Reach Focus on Rapidly Developing Economies (RDEs) Going where the growth is… RDEs deliver >50% of FMC sales by 2015 $2+B Sales; 9-11% CAGR Latin America -- leveraging Agricultural Products’ leadership position Asia -- targeti
Slide 13: Vision 2015 Five Key Elements: Capturing Value of Common Ownership
Vision 2015 Five Key Elements Growing Leadership Positions Increasing our Reach Capturing Value of Common Ownership Shifting to balanced centralized / decentralized model to better leverage size and scale Acting as “One FMC” realizing efficiencies while maintaining strong accountability in our busin
Slide 14: Vision 2015 Five Key Elements: Proactively Managing Portfolio
Vision 2015 Five Key Elements Growing Leadership Positions Increasing our Reach Capturing Value of Common Ownership Proactively Managing Portfolio All current businesses well positioned for sustained growth Phosphates resolution transforms Industrial Chemicals Higher margins, stronger cash generatio
Slide 15: Vision 2015 Disciplined Cash Deployment
Vision 2015 Five Key Elements Growing Leadership Positions Increasing our Reach Capturing Value of Common Ownership Proactively Managing Portfolio Disciplined Cash Deployment Expect total of ~$3B in cash for deployment over 2010 – 2015 Delivering on organic growth goals generates ~$2B of free cash f
Slide 16: FMC Vision 2015 The Right Chemistry
FMC Vision 2015 The Right Chemistry
Slide 17: Glossary of Financial Terms & Reconciliations of GAAP to Non-GAAP
FMC 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 Amortizati
Slide 19: EBITDA Reconciliation: LTM 3/31/2011
EBITDA Reconciliation: LTM 3/31/2011 Reconciliation of consolidated income from continuing operations before income taxes (a GAAP measure) to EBITDA (a Non-GAAP measure) (Unaudited, in $ millions) 3/31/2011 LTM Income (loss) from continuing operations before income taxes (GAAP) $369.7 Net Income att
Slide 20: Segment EBITDA Reconciliation: LTM 3/31/2011
Segment EBITDA Reconciliation: LTM 3/31/2011 Reconciliation of Segment Operating Profit (a GAAP measure) to EBITDA (a Non-GAAP measure) (unaudited, in $ millions) LTM 3/31/2011 Segment Industrial Chemicals Specialty Chemicals Agricultural Chemicals Segment Operating Profit 128.7 189.1 317.2 Add: Dep
Slide 21: FMC Vision 2015 The Right Chemistry
FMC Vision 2015 The Right Chemistry