FMC (FMC) 8-K Regulation FD Disclosure

FMC Corporation

Investor Presentation

August 2008

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Exhibit 99.1

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.

Actual

results

of

the

Company

may

differ materially from those contained in the forward-looking statements. 

Additional

information

concerning

factors

that

may

cause

results

to

differ

materially from those in the forward-looking statements is contained in the

Company’s

periodic

reports

filed

under

the

Securities

Exchange

Act

of

1934,

as

amended.

The Company undertakes no obligation to update or revise these forward-

looking statements to reflect new events or uncertainties.

Non-GAAP Financial Terms

These

slides

contain

certain

“non-GAAP

financial

terms”

which

are

defined

in

the

appendix.

In

addition,

we

have

provided

reconciliations

of

non-GAAP

terms

to the closest GAAP term in the appendix.

2

FMC Corporation

LTM ending June 30, 2008 ($ millions)

FMC

Revenue:

$2,857.7

EBITDA:

$585.2

Margin*:

20.5%

Industrial

Chemicals

Revenue:

$1,183.7

EBITDA:

$202.5

Margin*:

17.1%

Agricultural

Products

Revenue: 

$976.3

EBITDA:

$258.9

Margin*:

26.5%

Specialty

Chemicals

Revenue:

$702.0

EBITDA:

$180.7

Margin*:

25.7%

*

EBITDA margin

Leading Market Positions

Greater than 80% of Sales in Non-GDP Cyclical Markets

Diversified and Integrated Cost Structure

Limited Dependence on Petrochemical Feedstocks

3

Leading Market Positions

(1)

Based on 2007 consolidated sales

(2)

Shared

Industrial

Chemicals

#1 in N.A.

Soda Ash

#1 in N.A.

(2)

Peroxygens

#1 Globally

Carrageenan

#1 Globally

Carbofuran

#2 in N.A.

Pyrethroids

Agricultural

Products

#2 Globally

Alginates

Specialty

Chemicals

#1 Globally

(2)

#1 Globally

Lithium Specialties

Microcrystalline Cellulose

Product Group

Position

(1)

4

Diversified Customers and End Markets

Greater than 80% of sales to non-cyclical end markets

Long term relationships with blue chip customers

No single customer represents more than 5% of sales

Top 10 customers in total represent approximately 15% of sales

2007 Consolidated Sales

Agricultural 34%

Detergents 9%

Pharmaceuticals 11%

Food 8%

Other 12%

Glass/Fiberglass 4%

Chemicals 6%

Pulp & Paper 4%

Electronics 2%

Other 3%     

Bottle

Glass 3%

Non-Cyclical

81%

Cyclical

19%

Chemicals 4%

5

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 28% of cost of sales in 2007

•

No single raw material accounted for more than 8% of total raw material

purchases in 2007

•

Reduced volatility from limited use of petrochemical feedstocks

Low energy demand requirements

•

Energy represents approximately 13% of cost of sales

•

Sourced from natural gas, electricity, coal and fuel oil

6

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 Products

Maintaining financial strength and flexibility

•

Investing in higher growth businesses

•

Pursuing external growth opportunities

•

Returning cash to shareholders –

dividend and share repurchase

Focusing the portfolio on higher growth businesses

•

Managing Specialty Chemicals and Agricultural Products for growth

•

Managing Industrial Chemicals for cash

Disciplined Approach to Unlocking Value

(1)

Earnings before restructuring and other income and charges

7

Agricultural Products

Strong niche positions in the Americas, Europe and Asia

Proprietary, branded insecticides and herbicides

Strategic Focus:

•

Selected products, crops and regions

•

Shifting to significantly shorter innovation cycle

•

Reducing global supply chain and overhead costs

Based on 2007 Consolidated Sales of $889.7 million

Insecticides

57%

Herbicides

41%

Fungicides

2%

North

America

22%

Asia

Pacific

15%

EMEA

17%

Latin

America

46%

8

Agricultural Products

2008 segment earnings up nearly 20 percent driven by sales growth and

further

supply

chain

productivity

improvements,

partially

offset

by

higher

raw material costs

9

Lithium

32%

BioPolymer

68%

Specialty Chemicals

BioPolymers

add structure, texture and stability to food and act

as binders & disintegrants

for dry tablet drugs

Lithium focus on downstream specialties -

pharmaceuticals and

energy storage devices

Strategic Focus:

•

Growing core market segments

•

Commercializing new technology platforms

•

Identifying financially attractive bolt-on acquisitions

Based on 2007 Consolidated Sales of $659.5 million

Latin

America

7%

Asia

Pacific

21%

EMEA

36%

North

America

36%

10

Specialty Chemicals

2008 segment earnings growth of 5-10 percent driven by strong commercial

performance in BioPolymer and lithium specialties, partially offset by

increasing raw material and energy costs and higher export taxes

11

Industrial Chemicals

#1 North American manufacturer of soda ash and peroxygens

Backward integration into natural resources

Low cost, proprietary production technologies

Strategic Focus:

•

Managing for cash generation

•

Continued top line growth driven primarily by higher selling prices

•

Aggressive cost management

Based on 2007 Consolidated Sales of $1,087.1 million

Alkali

(Soda Ash)

52%

Peroxygens

16%

Foret

32%

North

America

48%

Latin

America

11%

EMEA

34%

Asia Pacific

7%

12

Industrial Chemicals

2008 segment earnings approximately double as aggregate price and

volume benefits more than offset higher raw material costs

13

FMC in Summary

Great businesses, each with EBITDA  >$180 million

Sustained double-digit earnings growth*

Earnings leverage in Industrial Chemicals

Continued growth in Specialty Chemicals and Ag Products

Strategic and financial flexibility

Robust and growing EBITDA

Balance sheet de-leveraged

Low capex requirements

Disciplined approach to unlocking value

*

Earnings before restructuring and other income and charges

FMC Corporation

Appendix

Glossary of Financial Terms

and

Reconciliations of GAAP to Non-GAAP

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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 Amortization) is

the

sum

of Income (loss) from continuing operations before income taxes

and

Depreciation and Amortization.

EBITDA

Margin

is

the

quotient

of

EBITDA

(defined

above)

divided

by

Revenue.

ROIC

(Return

on

Invested

Capital)

is

the

sum

of

Earnings

from

continuing

operations before restructuring and other income and charges

and after-

tax Interest expense

divided by the sum

of Short-term debt, Current portion

of long-term debt, Long-term debt

and Total shareholders’

equity.

16

Segment Financial Terms

These slides contain references to segment financial items which

are

presented in detail in Note 19 of FMC’s second quarter 2008 Form 10-Q. 

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 Before Interest, Taxes, Depreciation and Amortization)

for a segment

is the

sum

of Income (loss) from continuing operations

before

income

taxes

for

that

segment

and

Depreciation

and

Amortization

for that segment.

EBITDA

Margin

for

a

segment

is

the

quotient

of

EBITDA

(defined

above)

divided by Revenue

for that segment.

17

Reconciliation of LTM 6/30/2008 consolidated income from continuing operations before

income taxes (a GAAP measure) to LTM 6/30/2008 EBITDA (a Non-GAAP measure)

EBITDA Reconciliation: LTM 6/30/2008

(

Unaudited, in $ millions)

LTM 6/30/2008

Income (loss) from continuing operations before income taxes

$381.2

In-process research and development

1.0

Restructuring and other charges/(income), net  

42.2

Interest expense, net

33.5

Loss on Extinguishment of Debt

0.3

Depreciation and amortization

127.0

EBITDA (Non-GAAP)

$585.2

18

Reconciliation

of

LTM

6/30/2008

segment

operating

profit

(a

GAAP

measure)

to

LTM

6/30/2008 EBITDA (a Non-GAAP measure)

(Unaudited, in millions)

Segment EBITDA Reconciliation: LTM 6/30/2008

Segment

Industrial

Specialty

Agricultural

Chemicals

Chemicals

Products

LTM 6/30/2008 segment operating profit (GAAP)

$134.2

$148.6

$238.5

Add:

Depreciation and Amortization

68.3

32.1

20.4

LTM 6/30/2008 EBITDA (Non-GAAP)

$202.5

$180.7

$258.9

FMC Corporation

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