FMC 8-K Regulation FD Disclosure

Director of Investor Relations and Corporate Communications

Maryann T. Seaman

(312) 861-6414 Chicago

(281) 591-4080 Houston

maryann.seaman@fmcti.com

Presenters:

Joseph H. Netherland

Chairman and CEO

William H. Schumann

Sr. Vice President and CFO

Exhibit 99.1

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 actual 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.

•

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 %

Strong Financial Results

Energy Systems Driving Growth

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.

2001

2002

2003

2004

2005

2006 Est

Segment Operating Profit

(Adj. Op. Profit)

(Adj. Op. Profit)

Airport

FoodTech

Energy Systems

1

2

$M

2001

2002

2003

2004

2005

2006 Est

Strong Financial Results

Energy Systems Driving Growth

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.

$0.77

$1.03

$1.25

$1.54

$2.95 - $3.15

$0.87

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

2001

2002

2003

2004

2005

2006 Est

Strong

Financial Results

Income Continuing Upward Trend

Adjusted Income per Diluted Share

(Adjusted Income)

(Adjusted Income)

1

2

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.

3

Excludes income of $0.03 per diluted share from the sale of trademarks related to discontinued operations.

2

(Adjusted Income)

3

Order Backlog

Backlog continues to grow on the strength of subsea

0

300

600

900

1,200

1,500

1,800

2,100

2,400

2001

2002

2003

2004

2005

2006 YTD

Backlog

$M

961

Energy Systems

FoodTech and Airport

1,151

1,258

1,587

1,934

2,288

2001

2002

2003

2004

2005

2006

Fcst

`

Subsea Production Systems

28% Compounded Annual Growth

Subsea

$M

2005 Revenues

Subsea Revenue

Subsea is Our Largest And Fastest Growing Business

38%

39%

47%

41%

23%

38%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

2001

2002

2003

2004

2005

2006

YTD

Dril Quip

5%

Aker

Kvaerner

11%

Vetco

Gray

19%

Cameron

27%

FTI

38%

2001-Q2 2006

Unit Market Share*

Unit Market Share                 

Subsea Tree*

Subsea Production Systems

Maintaining Leading Share

*Source:  Quest Offshore Resources July 2006

Major Subsea

Project Opportunities over the

next 15 Months

Operator

Project

Location

No of

Trees

BP

5 Year Frame Agreement

GoM

30

Chevron

Gorgon

Australia

13

Shell

Perdido

GoM

25

Shell

BC-10

Brazil

20

Shell

Gumusut

Malaysia

30

Total

Usan

Nigeria

40

BP

Block 31

Angola

36

Statoil

Gjoa

Norway

12

Shell

Bonga SW

Nigeria

28

ExxonMobil

Bosi

Nigeria

17

Total

Pazflor

Angola

46

Chevron

Jack

GoM

24

321

Total Major Project Awards

0

100

200

300

400

500

600

2004

2005

2006

2007

0

50

100

150

200

250

300

350

2004

2005

2006

2007 - 2008

Global Subsea Tree Installations*

FTI Manufacturing Capacity

FoodTech

Energy

Production

Systems

Energy

Processing

Airport

Capacity Increases to Meet Tree Demand

$110 -

$120 million

Capital Spending Projections for 2006

*Source:  Quest Offshore Resources Inc. May 2006

Units

Units

Growing the Energy Franchise

•

Expanding the subsea

franchise

•

Growing other energy

businesses

Subsea Processing

Light Well

Intervention

Expanding the Subsea Franchise

Subsea Separation

Gas Compression

Subsea Processing

Light Well

Intervention

Expanding the Subsea Franchise

Subsea Separation

Gas Compression

Light

Well Intervention

Increased Oil Recovery

•

Began 6-yr contract with Statoil

•

Developing riserless light well

intervention experience in the North

Sea’s Norwegian sector

•

Easier, low-cost access to subsea

wells should allow enhanced

recovery rates to approach the 57%

seen on platform wells in the region

Light

Well Intervention

Increased Oil Recovery

•

Began 6-yr contract with Statoil

•

Developing riserless light well

intervention experience in the North

Sea’s Norwegian sector

•

Easier, low-cost access to subsea

wells should allow enhanced

recovery rates to approach the 57%

seen on platform wells in the region

Tordis Subsea Separation Project Award

•

Statoil awarded contract to FTI worth approximately $100M for the

delivery of a subsea separation and boosting system for their

TORDIS field in the North Sea

•

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

–

Deployment beginning with the installation of a pipeline inline manifold in the

summer of 2006

–

Completion planned for summer of 2007 with the installation of separation,

boosting, and injection systems

Tordis Subsea Separation Station

First adoption of a full-scale subsea separation facility

Subsea separation technology is

expected to increase Statoil’s oil

recovery by approximately 19 million

barrels on their TORDIS field

Subsea Gas Compressor

•

Simple and robust design

–

seal-less design

–

magnetic bearings

–

no gearbox

•

Suitable for large pressure ratio and

volume flow.

Surface Wellhead Strategic Acquisition

Thermal Wellhead Product Line for Oil Sands

•

Purchased assets of Galaxy Oilfield Services

•

Supply specialty wellhead equipment for production

of oil sands and heavy oil

–

Unique high temperature technology

–

Market leader in Canada

–

Strong customer relationships

•

Synergies with FMC include

–

Facilities in Edmonton and Cold Lake, Alberta

–

Integration with current FMC Canada business will double Canadian presence

–

Replacement of FTI gates valves currently sourced from other suppliers

–

International distribution

–

World wide sourcing

Surface Systems Strategic Acquisition

Specialty Wellhead Products for Oil Sands Production

Oil Sands Thermal Wellhead

Steam Assisted Gravity Drainage

SAG-D

Producing

Well

Steam

Injection Well

Well Service Pumps

Expanding the Energy Franchise

•

Well service pump product introduction in January 2007 as part of

FMC’s Fluid Control business

•

Two pump models under development with maximum ratings of 2700

hp (Quintuplex) and 2400 hp (Triplex)

•

Estimating

incremental

revenue

in

the

range

of

$20

-

$25

M

for

2007

0%

2%

4%

6%

8%

10%

12%

14%

2001

2002

2003

2004

2005

FMC Technologies

OSX

S&P 500

$301

$245

$203

$193

$39

$103

$37

$66

$69

0

50

100

150

200

250

300

350

400

1/1/01

12/31/01

12/31/02

12/31/03

12/31/04

12/31/05

Net Debt

After-Tax Return on Investment

$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

Adjusted Income per Share

$1.9

$2.1

$2.3

$2.8

$3.2

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

2001

2002

2003

2004

2005

$B

Revenue

Financial Highlights

(Adjusted Income)

(Adjusted Income)

1

2

2

(Adjusted Income)

Synthetic Leases

Debt Net of Cash

4

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.                                    

3

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.

4

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, 2004 and 2005 ROI use adjusted income which is a non-GAAP measure.  See Appendices I, III and V.

$M

3

0%

2%

4%

6%

8%

10%

12%

14%

2001

2002

2003

2004

2005

FMC Technologies

OSX

S&P 500

$301

$245

$203

$193

$39

$103

$37

$66

$69

0

50

100

150

200

250

300

350

400

1/1/01

12/31/01

12/31/02

12/31/03

12/31/04

12/31/05

Net Debt

After-Tax Return on Investment

$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

Adjusted Income per Share

$1.9

$2.1

$2.3

$2.8

$3.2

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

2001

2002

2003

2004

2005

$B

Revenue

Financial Highlights

(Adjusted Income)

(Adjusted Income)

1

2

2

(Adjusted Income)

Synthetic Leases

Debt Net of Cash

4

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.                                    

3

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.

4

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, 2004 and 2005 ROI use adjusted income which is a non-GAAP measure.  See Appendices I, III and V.

$M

3

In Summary

•

Strong and Growing Subsea Franchise

•

Expanding the Subsea Franchise

–

Light Well Intervention

–

Subsea Separation

–

Gas Compression

•

Growing Other Energy Business

–

Well Service Pumps

–

Thermal Wellhead for Oil Sands

•

Strong Balance Sheet

An Oilfield Services Company with

Appendices

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 measure)

FY 2001

Q1 2001*

Q2 2001*

Q3 2001

Q4 2001

FY 2001

Income per diluted share before cumulative effect of a change in

accounting principle (GAAP measure)

(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.

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 measure)

FY 2004

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 measure)

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 measure)

FY 2004

Q4 2004

Q3 2004

Q2 2004

Q1 2004

2004

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