FMC (FMC) 8-K Deutsche Bank SMID Cap Conference

FMC Corporation

Deutsche Bank SMID Cap Conference

Naples, FL

February 11, 2009

William G. Walter

Chairman, President and CEO

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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 December 31, 2008 ($ millions)

FMC CORPORATION

Revenue:             $3,115

EBITDA:                   $664

Margin*:               21.3%

INDUSTRIAL

CHEMICALS

Revenue:

$1,297

EBITDA:

$269

Margin*:

20.7%

AGRICULTURAL

PRODUCTS

Revenue:             $1,059

EBITDA:

$258

Margin*:

24.4%

SPECIALTY

CHEMICALS

Revenue:

$764

EBITDA:

$185

Margin*:

24.2%

*

EBITDA margin

Leading Market Positions

Diverse End Markets -

Low Correlation to Economic Cycles

Diversified and Integrated Cost Structure

Limited Dependence on Petrochemical Feedstocks

3

Realizing the inherent operating leverage within FMC

•

Sustaining earnings growth > 10% per year

(1)

Focusing the portfolio on higher growth businesses

•

Managing Specialty Chemicals and Agricultural Products for growth

•

Managing Industrial Chemicals for cash

Maintaining financial strength and flexibility

•

Solid balance sheet, conservative liquidity profile, strong cash

flow

•

Investing in higher growth businesses

•

Pursuing external growth opportunities

•

Returning cash to shareholders –

dividend and share repurchase

Disciplined Approach to Unlocking Value

(1)

Earnings before restructuring and other income and charges

4

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

5

Specialty Chemicals

BioPolymers

–

pharmaceutical and food ingredients

Lithium focus on specialties –

pharmaceuticals and energy storage

Strategic Focus:

•

Growing core market segments

•

Commercializing new technology platforms

•

Pursuing financially attractive bolt-on acquisitions

6

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

7

FMC in Summary

Great businesses, each with EBITDA  >$185 million

Sustained double-digit earnings growth

(1)

•

Diverse end-markets, low correlation to economic cycles

•

Diversified and integrated cost structure

•

Products aligned with global secular growth trends

Strategic and financial flexibility

•

Solid balance sheet

•

Conservative liquidity profile

•

Strong cash flow

Disciplined approach to unlocking value

(1)

Earnings before restructuring and other income and charges

FMC Corporation

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FMC Corporation

Glossary of Financial Terms

&

Reconciliations of GAAP to Non-GAAP

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10

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.

11

Segment Financial Terms

These

slides

contain

references

to

segment

financial

items.

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.

12

Reconciliation

of

LTM

12/31/2008

consolidated

income

from

continuing

operations

before

income

taxes

(a

GAAP

measure)

to

LTM

12/31/2008

EBITDA

(a

Non-GAAP

measure)

EBITDA Reconciliation: LTM 12/31/2008

(Unaudited, in $ millions)

LTM 12/31/2008

Income (loss) from continuing operations before income

taxes

$454.9

Restructuring and other charges/(income), net  

53.3

Interest expense, net

31.9

Depreciation and amortization

124.2

EBITDA (Non-GAAP)

$664.3

13

Reconciliation

of

LTM

12/31/2008

segment

operating

profit

(a

GAAP

measure)

to

LTM

12/31/2008

EBITDA

(a

Non-GAAP

measure)

(Unaudited, in millions)

Segment EBITDA Reconciliation: LTM 12/31/2008

Segment

Industrial

Specialty

Agricultural

Chemicals

Chemicals

Products

LTM 12/31/2008 segment operating profit

(GAAP)

$201.4

$152.0

$245.2

Add:

Depreciation and Amortization

67.6

32.9

12.4

LTM 12/31/2008 EBITDA (Non-GAAP)

$269.0

$184.9

$257.6

FMC Corporation

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