FMC 8-K Regulation FD Disclosure

February 2006

Director of Investor Relations

Maryann  T. Seaman

(312) 861-6414 Chicago

(281) 591-4080 Houston

maryann.seaman@fmcti.com

Presenter:

Joseph H. Netherland

Chairman, President and CEO

Boston & New York

Exhibit 99.1

2

These slides and the accompanying presentation contain “forward-looking”

statements

which represent management’s best judgment as of the date hereof, based on currently

available information. Actual results may differ materially from

those contained in such

forward-looking statements.

The Company’s periodic reports filed under the Securities Exchange Act of 1934 include

information concerning factors that may cause results to differ from those anticipated by

these forward-looking statements. The Company undertakes no obligation to update or

revise these forward-looking statements to reflect new events or uncertainties.

Although the Company reports its results using GAAP, the Company

uses non-GAAP

measures when management believes those measures provide useful information for its

stockholders.

The Appendices to this presentation provide reconciliations to GAAP for any non-GAAP

measures referenced in today’s presentation.

3

•

Citrus Extractors

•

Freezing Systems

•

Food Processing

Systems

•

Loaders

•

Deicers

•

Boarding

Bridges

•

RampSnake

•

Subsea Trees

•

Surface  Wellheads

•

Manifolds

•

Control Systems

•

Floating Production

Systems

•

Separation Systems

•

Fluid Control

•

Loading Systems

•

Measurement Solutions

FMC Technologies at a Glance

2005 Revenue: $3.2 Billion

FoodTech

17 %

Airport

Systems

10 %

Energy

Systems

73 %

4

Strong

Financial

Results

Energy Systems Driving Growth

0

20

40

60

80

100

120

140

160

180

200

2001

2002

2003

2004

2005

Segment Operating Profit

(Adj. Op. Profit)

(Adj. Op. Profit)

Airport

FoodTech

Energy Systems

1

2

$M

1

See Appendix I for reconciliation of 2001 adjusted segment operating profit (non-GAAP measure) to U.S. GAAP.

2

See Appendix III  for reconciliation of 2004 adjusted segment operating profit (non-GAAP measure) to U.S. GAAP.

5

Strong

Financial

Results

Income Continuing Upward Trend

Adjusted Income per Diluted Share

(Adjusted Income)

(Adjusted Income)

1

See Appendix II for reconciliation of 2001 adjusted income per diluted share (non-GAAP measure) to U.S. GAAP.

2

See Appendix IV for reconciliation of 2004 and 2005 adjusted income per diluted share (non-GAAP measure) to U.S. GAAP.

$0.77

$0.87

$1.03

$1.25

$1.54

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

2001

2002

2003

2004

2005

1

2

(Adjusted Income)

2

6

Subsea Production Systems

Our Largest And Fastest Growing Business

Subsea

0

200

400

600

800

1,000

1,200

1,400

1,600

2001

2002

2003

2004

2005

`

$M

2005 Revenues

Subsea Revenue

7

Order Backlog

Backlog continues to grow on the strength of subsea

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2001

2002

2003

2004

2005

0

500

1,000

1,500

2,000

2001

2002

2003

2004

2005

Orders

Backlog

Energy Systems

FoodTech and Airport

$M

$M

961

1151

1258

1587

1934

2255

2268

2422

3105

3582

8

40%

47%

40%

22%

38%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

2001

2002

2003

2004

2005

Subsea Tree Orders

Tree Market Share 2001 through 2005

Source: Quest Offshore Resources, Inc. December 2005 Update

9

Leading Industry Positions

Subsea

Surface

Floating

Production

2005 Revenues

$1.9B

Industry

Position

Fluid Control

WECO®/Chiksan®

1

Loading

Systems

Chiksan®

Marine Arms

1

Measurement

Solutions

Smith Meter

2

Energy Processing

Systems

Industry

Position

Subsea

Kongsberg

1

Surface

Products

2

Floating

Production

Systems

SOFEC

2

Energy Production

Systems

2005 Revenues

$0.5B

Measurement

Solutions

Loading

Systems

Fluid

Control

Material

Handling

10

Other Energy Systems Businesses on the Rise

All

Other

Surface

Production

Loading

Fluid

Control

Measurement

2005 Revenue

Other Energy Businesses Operating Profit

$912M

Material

Handling

Excludes Sonatrach Project

Revenue of $48M

2001

2002

2003

2004

2005

Without Sonatrach

11

Leading Deepwater/Subsea Position

•

Broadest subsea systems capabilities

–

20 years systems experience

•

Leader in deepwater technology

–

High reliability, quality and proven technology

•

Well positioned with the major subsea E&P companies

–

Alliance agreements create working partnerships and standardization

•

Well positioned in major producing basins

–

Local manufacturing near customer’s project management teams

•

Growing market

12

Strong Deepwater Track Record

World

Record

13

OTC Technology Award Winning Projects

FTI supplied the equipment on 8 out of 9

1997 Amoco –

Liuhua Project

1998 Shell –

Mensa Project

1999 BP –

Foinhaven Project

2000 Kerr-McGee –

Neptune Spar Project

2001 Petrobras –

Roncador

2002 ExxonMobil –

Hoover / Diana Project

2003 Total –

Girassol Project

2004 Shell and BP –

Na Kika Project

2005 Kerr-McGee –

Redhawk

14

Tordis Subsea Separation Project Award

•

Statoil awarded contract to FTI for the delivery of a subsea

separation and boosting system for their TORDIS field in the North

Sea worth approximately $100M

•

First adoption of a full-scale subsea separation facility

•

Subsea separation technology is expected to increase Statoil’s oil

recovery by approximately 19 million extra barrels on their TORDIS

field

–

Removes water from well stream subsea and re-injects water by a separate

subsea well

–

Eliminating this water allows more hydrocarbons to be recovered from the TORDIS

field and processed on the Gullfaks platform

15

Floating Production Storage & Offloading

Vessels

Turret Mooring

Systems

Tension Leg

Platforms

Light Well

Intervention

Guidelineless

Deepwater Trees

Subsea Manifold

Smart Well

Control Systems

Subsea Template

Systems

Standard Subsea

Trees

Metering & Control

Systems

Surface Well

Systems

ROV Tie-In Systems

Subsea Processing

Subsea Drilling

Systems

Offshore Capabilities

16

Global Subsea Tree Awards

273

229

362

430

464

98

0

100

200

300

400

500

600

2002

2003

2004

2005

2006 F

Awarded

Upside Forecast

Source: Quest Offshore Resources, Inc. November 2005 Forecast

# Of Trees

38%

40%

47%

FTI Market Share

Base Forecast

40%

17

Market Forecast –

Tree Installations

0

100

200

300

400

500

600

2004

2005

2006

2007

2008

2009

2010

2011

Source: Quest Offshore Resources November 2005

North America

Brazil

North Sea

Asia Pacific

Africa/Mediterranean

# of Trees

18

Global Subsea Tree Installations*

FTI Manufacturing Capacity

0

50

100

150

200

250

300

2004

2005

2006

Airport

Energy

Processing

Energy

Production

Systems

FoodTech

FTI Plans Capacity Increase to Meet Tree

Demand

$90 -

$100 million

Capital Spending Projections for 2006

0

100

200

300

400

500

600

2004

2005

2006

2007

*Source:  Quest Offshore Resources Inc. November 2005

Units

Units

19

$0.06

$0.19

$0.23

$0.30

$0.06

$0.25

$0.23

$0.33

$0.12

$0.32

$0.28

$0.32

$0.20

$0.35

$0.32

$0.39

$0.42

$0.43

$0.69

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

2001

2002

2003

2004

2005

2006 Fcst

Income Compound Annual Growth Has Been

Approximately 19% Per Year

(unaudited)

$0.77

$0.87

Q1

Q2

Q3

Q4

$1.03

1

See Appendix II for reconciliation of 2001 quarterly income per diluted share (non-GAAP measure) to U.S. GAAP.

2

See Appendix IV for reconciliation of

2004 and 2005 quarterly adjusted income per diluted share (non-GAAP measure) to U.S. GAAP.

3

Amounts represent income per diluted share before the cumulative effect of an accounting change.

EPS is computed independently for each of the periods presented;

accordingly, the sum of the quarterly EPS amounts may not agree

to the total year.

$1.54

(Adj. Income)

(Per share)

(Adj. Income)

(Per share)

1, 3

$1.25

(Adj. Income)

(Per share)

2

$2.20 -

$2.40

3

2

20

Strong Cash Flow Has Reduced Net Debt

At January 1, 2001, debt, net of cash is presented on a pro forma basis as defined in the Separation and Distribution

Agreement with FMC Corporation.

$301

$245

$203

$193

$39

$103

$37

$66

$69

1/1/01     

(pro-forma)

12/31/01

12/31/02

12/31/03

12/31/04

12/31/05

Synthetic Leases

Debt Net of Cash

$M

21

Return On Investment

0%

2%

4%

6%

8%

10%

12%

14%

2001

2002

2003

2004

Return on Investment (ROI) is calculated as income before the cumulative effect of changes in accounting principles plus 

after-tax interest expense as a percentage of total average debt and equity.  The calculations of 2001 and 2004 ROI use

adjusted income which is a non-GAAP measure.  See Appendices I and III.

FMC Technologies

Oil Service Index Median

S&P 500 Median

22

In Summary

•

Strong and Growing Subsea Franchise

•

Growing Energy Processing Business

•

Platform for Added Products and Services

–

Separation Technology

–

Subsea Processing

–

Light Well Intervention

–

Multiphase Metering

•

Strong Cash Flow

•

High Return on Capital

A “New”

Oilfield Services Company with

23

Appendices

24

Large Project Awards Anticipated in the

Market Over  the Next 18 Months

Operator

Development

Subsea

Trees

Operator

Development

Subsea

Trees

West Africa/Med

BHBP

Shenzi

25-30

Eni (Agip)

Bouri Phase 2

15-20

Husky

Whiterose Phase II

10-15

Exxon Mobil

BOSI Full Field

15-20

Shell

Hammerhead

10-15

Chevron

Nsiko

20-25

Shell

G White / Grand Slam

10-15

Chevron

Tombua Landana

10-15

BP

Southwest Ridge

15-20

Shell

Bonga - S.West

30-35

Shell

Gumusut

30+

North Sea

BP

Block 18 & 31

60-100

Statoil

Tyrihans

10-15

Total

Usan

40-45

Statoil

Gjøa

10-15

BP

Skarv

10-15

Brazil

Paladin

Aimee/Yme

15-20

Chevron

Frade

15-20

Petrobas

Mexihao

10-15

Asia Pacific

Shell

BC-10

10-15

Chevron

Gorgon/Jansz Phase I

10-15

Gulf of Mexico/N. America

25

Appendix I

Reconciliation of Non-GAAP measures (as required by Regulation G)

(In millions)

$     50.5

Adjusted income before the cumulative effect of a change in accounting

principle (non-GAAP measure)

(4.7)

Less: Pro forma interest expense, net of income taxes

8.9

Add back: Income tax charges related to the separation from FMC

Corporation

10.4

Add back: Restructuring and asset impairment charges, net of income

taxes

$     35.9

Income before the cumulative effect of a change in accounting principle

(GAAP measure)

FY 2001

$  129.6

Adjusted segment operating profit  (non-GAAP measure)

16.4

Add back: Restructuring and asset impairment charges

$    113.2

Segment operating profit (GAAP basis)

FY 2001

26

Q1 2001*

Q2 2001*

Q3 2001

Q4 2001

FY 2001

Income per diluted share before cumulative effect of a change in

accounting principle (GAAP basis)

(0.06)

$       

0.15

$     

0.15

$      

0.30

$      

0.54

$      

Less: Pro forma incremental interest expense

(0.04)

(0.03)

-

-

(0.07)

Add back:

Restructuring and asset impairment charges

0.10

-

0.06

-

0.16

Income taxes related to separation from FMC

0.05

0.06

0.02

-

0.14

Other

0.01

0.01

-

-

-

Adjusted income per diluted share (non-GAAP Measure)

0.06

$        

0.19

$     

0.23

$      

0.30

$      

0.77

$      

Appendix II

Reconciliation of Non-GAAP measures (as required by Regulation G)

*Results relating to periods prior to June 1, 2001 were carved out from the consolidated financial

statements of FMC Corporation.

27

Appendix III

Reconciliation of Non-GAAP measures (as required by Regulation G)

(In millions)

FY 2004

$     116.7

Net Income (GAAP measure)

(36.1)

Less:  Gain on conversion of investment in MODEC International LLC

6.1

Add back: Goodwill impairment

$  105.0

Adjusted segment operating profit -

Energy Systems

(non-GAAP measure)

$    86.7

Adjusted Income (non GAAP measure)

6.5

Add back: Goodwill impairment

$    98.5

Segment operating profit -

Energy Systems (GAAP basis)

FY 2004

28

Appendix IV

Reconciliation of Non-GAAP measures (as required by Regulation G)

$  1.54

$  0.69

$  0.43

$  0.42

$  0.00

Adjusted income per diluted share (non-GAAP measure)

0.36

0.36

-

-

-

Plus: Tax expense –

American Jobs Creation Act

(0.32)

(0.10)

(0.22)

-

-

Less: Gain on disposal of investments

$  1.50

$  0.44

$  0.65

$  0.42

$   0.00

Income per diluted share (GAAP basis)

FY 2005

Q4 2005

Q3 2005

Q2 2005

Q1 2005

2005

$  1.25

$  0.39

$  0.32

$  0.35

$  0.20

Adjusted income per diluted share (non-GAAP measure)

0.09

0.09

-

-

-

Plus: Goodwill impairment

(0.52)

(0.52)

-

-

-

Less: Gain on conversion of investment in MODEC International LLC

$  1.68

$  0.81

$  0.32

$  0.35

$   0.20

Income per diluted share (GAAP basis)

FY 2004

Q4 2004

Q3 2004

Q2 2004

Q1 2004

2004

29

Appendix V

Reconciliation of Non-GAAP measures (as required by Regulation G)

(In millions)

(22.8)

Less: Gain on disposal of investments, net of income taxes

$ 106.1

Net Income, net of income taxes (GAAP measure)

25.5

Plus: Tax expense –

American Jobs Creation Act

$ 108.8

Adjusted Income (non-GAAP measure)

FY 2005