![]() BB&T Capital Markets August 30, 2010 New York, NY Pierre Brondeau - President and CEO Exhibit 99.1 W. Kim Foster, Senior Vice President and CFO |
![]() Disclaimer Safe Harbor Statement 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. |
![]() FMC Corporation LTM ending June 30, 2010 ($ millions) *EBITDA margin |
![]() Vision 2015 – Disciplined Approach to Growth Solid investment grade rating : S&P BBB+/Moody’s Baa1 Debt maturing in next 5 years < $200 million Free cash flow of ~$200 million projected in 2010 Increased emphasis on internal technology development Complemented by financially attractive bolt-on acquisitions and technology in-licensing Biased toward capturing share in rapidly developing economies Procurement ,logistics and supply chain savings up to $50M annually at maturity Announced consolidation of offices and labs in Shanghai Reducing earnings volatility Leveraging strengths of Soda Ash and Peroxygens Evaluating new environmental platform Expansion of Salar del Hombre Muerto production facility in Argentina to increase capacity by 30 percent Maintaining financial strength and strategic flexibility Focusing on growth in Agricultural Products and BioPolymer Lowering our operating costs by leveraging company size Strengthening Industrial Chemicals products portfolio Positioning Lithium as the next growth platform Strategic Thrusts Actions |
![]() Operating from a Position of Strength |
![]() (1) Based on 2009 consolidated sales Industrial Chemicals #1 in N.A. Soda Ash #1 in N.A. Persulfates #1 Globally Carrageenan #1 Globally Carbofuran #2 in N.A. Pyrethroids Agricultural Products #1 Globally Alginates Specialty Chemicals #2 Globally #1 Globally Lithium Specialties Microcrystalline Cellulose Product Group Position(1) Leading Market Positions |
![]() Approximately 80% of sales to non GDP-cyclical end markets Long-term relationships with blue chip customers No single customer represents more than ~1 % of sales Top 10 customers in total represent ~11% of sales Non- Cyclical 80% Cyclical 20% Based on 2009 Consolidated Sales Diversified Customers and End Markets |
![]() Diversified and Integrated Cost Structure |
![]() Based on 2009 Consolidated Sales North America 37% of Sales Latin America 25% of Sales Europe / Middle East / Africa 25% of Sales Asia / Pacific 13% of Sales Global Presence |
![]() Based on 2009 Consolidated Sales of $1,052 million Strong niche positions in the Americas, Europe and Asia Proprietary, branded insecticides and herbicides Strategic Thrusts: Focused in attractive intersections of products, crops and regions Developing new actives & formulations to serve selected new crops Enhancing growth through acquisitions Agricultural Products |
![]() 2010 segment earnings growth in the mid-single digits reflecting higher sales in most regions partially offset by less favorable product and geographic mix, higher first half inventory costs and increased spending on growth initiatives. Agricultural Products |
![]() BioPolymers – pharmaceutical and food ingredients Lithium focus on specialties – pharmaceuticals and energy storage Strategic Thrusts: Strengthening positions in core market segments Continue high focus on close-to-customer technology development and formulation Pursuing financially attractive bolt-on acquisitions to strengthen core platforms or expand portfolio Positioning capacity and technology to capture premium growth in lithium Based on 2009 Consolidated Sales of $753 million Specialty Chemicals |
![]() 2010 segment earnings up approximately 20 percent reflecting strong commercial performance in BioPolymer, higher volumes in lithium primaries and continued productivity improvements Specialty Chemicals |
![]() Based on 2009 Consolidated Sales of $1,027 million #1 North American manufacturer of soda ash Low cost, proprietary production technologies Strategic Thrusts: Managing for cash generation Aligning capacity to highest margin markets Controlling costs and increasing productivity Strengthening products portfolio to reduce earnings volatility Evaluating a new environmental platform Industrial Chemicals |
![]() Industrial Chemicals 2010 segment earnings segment earnings up 25 to 30 percent driven by volume growth and favorable raw material and energy costs, partially offset by lower selling prices and higher plant outage costs |
![]() FMC in Summary |
![]() Glossary of Financial Terms & Reconciliations of GAAP to Non-GAAP |
![]() 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. |
![]() 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. Segment Financial Terms |
![]() Reconciliation of consolidated income from continuing operations before income taxes (a GAAP measure) to EBITDA (a Non-GAAP measure) EBITDA Reconciliation: LTM 6/30/2010 (Unaudited, in $ millions) LTM 6/30/2010 Income (loss) from continuing operations before income taxes $359.6 Net Income attributable to non-controlling interests (12.3) Restructuring and other charges/(income), net 112.2 Purchase accounting inventory fair value impact and other related inventory adjustments 4.8 Interest expense, net 32.9 Depreciation and amortization 132.5 EBITDA (Non-GAAP) $629.7 |
![]() Reconciliation of Segment Operating Profit (a GAAP measure) to EBITDA (a Non-GAAP measure) Segment EBITDA Reconciliation: LTM 6/30/2010 (Unaudited, in $ millions) LTM 6/30/2010 Segment Industrial Chemicals Specialty Chemicals Agricultural Products Segment Operating Profit (GAAP) $117.8 $172.9 $278.4 Add: Depreciation and Amortization 72.9 32.9 20.8 EBITDA (Non-GAAP) $190.7 $205.8 $299.2 |
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