 FMC Corporation Gabelli & Company, Inc. New York City December 16, 2008 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 September 30, 2008 ($ millions) FMC CORPORATION Revenue: $3,052 EBITDA: $636 Margin*: 20.8% INDUSTRIAL CHEMICALS Revenue: $1,273 EBITDA: $246 Margin*: 19.3% AGRICULTURAL PRODUCTS Revenue: $1,047 EBITDA: $262 Margin*: 25.0% SPECIALTY CHEMICALS Revenue: $735 EBITDA: $184 Margin*: 25.1% * 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 (3) Includes ISP and Co-Living acquisitions closed in 2008 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 #1Globally (3) 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-GDP cyclical end markets No single customer represents more than 5% of sales Top 10 customers 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-GDP Cyclical 81% GDP- 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 represented approximately 13% of cost of sales in 2007 • Balanced sourcing from natural gas, electricity, coal and fuel oil |
 6 Realizing the inherent operating leverage within FMC • Sustaining earnings growth > 10% per year (1) • Realizing pricing and volume leverage in Industrial Chemicals • Continuing 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 Specialty Chemicals BioPolymers - structure, texture and stability to food; binders and disintegrants for dry tablet drugs Lithium focus on specialties – pharmaceuticals, energy storage Strategic Focus: • Growing core market segments • Commercializing new technology platforms • Pursuing 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% Lithium 32% BioPolymer 68% |
 10 Specialty Chemicals 2008 segment earnings growth in the high-single digits driven by strong commercial performance in BioPolymer, partially offset by higher raw material and energy costs and higher export taxes in Argentina |
 11 Industrial Chemicals #1 North American manufacturer of soda ash and peroxygens 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% |
 12 Current Global Soda Ash Market Conditions Global demand growth slowing – particularly flat glass However, U.S. supply/demand remains very tight Step-change increase in synthetic production costs vs. historical levels Significant Chinese production curtailments coupled with new capacity deferrals and cancellations Chinese domestic and export contract pricing moving toward their cash costs - creating a contract price floor in Asia at attractive margins for U.S. producers U.S. remains lowest cost supplier to global market |
 13 Asian Soda Ash – Delivered Cash Cost Comparison 230-250 155-165 245-265 155-165 North Asia South Asia |
 14 Industrial Chemicals 2008 segment earnings more than double as aggregate price and volume benefits more than offset higher raw material costs |
 15 FMC in Summary Great businesses, each with EBITDA >$180 million Sustained double-digit earnings growth (1) • Diverse end-markets, low correlation to economic cycles • Aggregate pricing and volume 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 Glossary of Financial Terms & Reconciliations of GAAP to Non-GAAP * * * * * * * * * * * * * * * * |
 17 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. |
 18 Segment Financial Terms These slides contain references to segment financial items which are presented in detail in Note 20 of FMC’s third 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. |
 19 Reconciliation of LTM 9/30/2008 consolidated income from continuing operations before income taxes (a GAAP measure) to LTM 9/30/2008 EBITDA (a Non-GAAP measure) EBITDA Reconciliation: LTM 9/30/2008 (Unaudited, in $ millions) LTM 9/30/2008 Income (loss) from continuing operations before income taxes $434.5 In-process research and development 1.0 Restructuring and other charges/(income), net 40.9 Interest expense, net 32.4 Depreciation and amortization 127.3 EBITDA (Non-GAAP) $636.1 |
 20 Reconciliation of LTM 9/30/2008 segment operating profit (a GAAP measure) to LTM 9/30/2008 EBITDA (a Non-GAAP measure) (Unaudited, in millions) Segment EBITDA Reconciliation: LTM 9/30/2008 Segment Industrial Specialty Agricultural Chemicals Chemicals Products LTM 9/30/2008 segment operating profit (GAAP) $176.9 $151.0 $243.4 Add: Depreciation and Amortization 69.3 33.2 18.5 LTM 9/30/2008 EBITDA (Non-GAAP) $246.2 $184.2 $261.9 |
 FMC Corporation ************************************* * * * * * * * |