FMC (FMC) 8-K Regulation FD Disclosure

FMC Corporation

Bank

of

America

Investment

Conference

September

15,

2008

San

Francisco,

CA

William G. Walter

Chairman,

President

and

CEO

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

Insecticides

57%

Herbicides

41%

Fungicides

2%

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

North

America

22%

Asia

Pacific

15%

EMEA

17%

Latin

America

46%

8

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%

9

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

Asia

7%

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%

10

FMC in Summary

Great businesses, each with EBITDA  >$180 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 de-leveraged

Low capex

requirements

Disciplined approach to unlocking value

(1)

Earnings before restructuring and other income and charges

FMC Corporation

Appendix

Glossary of Financial Terms

and

Reconciliations of GAAP to Non-GAAP

12

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.

13

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.

14

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

15

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