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Vision
                   Launching from a Position of Strength
      2015


  Strong Recent Financial and             Driving Revenue and EBIT Growth,
   Operational Performance                   Returning Shareholder Value
 Proven record of superior financial      Growing Leadership Positions
  performance
                                           Increasing our Reach
 Business portfolio well positioned --
  most with margins and asset returns      Capturing the Value of Common
  well above peers                          Ownership

 Strong financial position -- liquid      Proactively Managing Our Portfolio
  balance sheet, high return on            Strong Financial Performance,
  assets and substantial free cash flow     Disciplined Cash Deployment
 Performance has created premium          Goal of maintaining top quartile Total
  shareholder value                         Shareholder Return
  •   17% CAGR Total Shareholder
      Return over 2002 to 2009, top
      quartile of our industry
Our Vision for FMC in 2015


   Sales of $5+B and EBIT of $1.2+B


    Sustained mid-teens return on invested capital



    Significantly greater earnings stability



   Strong cash generation with disciplined cash deployment

       Premium TSR performance
Vision
  2015
           Five Key Elements
                      Organic Growth drives Sales to $4.0 - $4.5B
Growing Leadership
                       • Continued growth in leadership positions
    Positions
                       • Attractive end markets
                       • Innovation - rich pipeline across businesses
                      External Growth increases Sales to $5B
                       • Focused, disciplined strategy to include M&A,
                         product and technology acquisitions
                       • Strategy reduces risk normally inherent in
                         external growth
                      No  plan  to  add  a  new  business  “leg”  to  portfolio
Innovation -- Rich Pipeline Delivers >50% of Organic Growth
Sales ($B)                                                            4.2




       2.8


      2009             APG              SCG          ICG      2015 Organic
                Growth From Innovation          Other Growth (1)

 Portfolio highly levered to faster growing (>>GDP) end markets
 Primarily products derived from technologies already practiced in the industry
 Agricultural Products -- market and product innovation, market access
 Specialty Chemicals -- new products, new applications for existing products
 Industrial Chemicals -- new applications for existing chemistries
  (1) Other Growth – Price, Volume, Mix, etc.
External Growth Strategy

      Focused Strategy                      Disciplined Approach

Agricultural Products                   Proactive, aligned with clear
                                         strategic intent in selected spaces
 Strengthen organic growth
  platforms by acquiring new            Clear portfolio objectives and
  products and technologies              protocols for managing and
                                         delivering external growth
 Limited, selective M&A principally
  in adjacent spaces                    Strong value creation emphasis,
                                         fully realizing growth potential
Specialty Chemicals
                                        Balanced evaluation metrics
 Food Ingredients top M&A priority     No large scale, complex, or
 Product line and RDE expansion         transformational acquisitions
Industrial Chemicals
 Selective M&A focused in specialty
  applications
Vision
  2015
            Five Key Elements
                      Invest in human resources and physical
                       infrastructure to enable global growth
Growing Leadership
    Positions         Focus on Rapidly Developing Economies (RDEs)
                      Growing  where  the  growth  is…
    Increasing         • RDEs deliver >50% of FMC sales by 2015
    Our Reach
                       • $2+B Sales; 9-11% CAGR
                       • Latin America -- leveraging Agricultural
                         Products’  leadership  position
                       • Asia -- targeting investments in human,
                         scientific and technological resources across
                         businesses
                       • Central and Eastern Europe, Turkey and
                         Russia -- focusing on internal growth in key
                         countries supplemented by targeted M&A
Vision
  2015
            Five Key Elements
                       Shifting to balanced centralized /
Growing Leadership      decentralized model to better leverage size
    Positions           and scale
                       Acting  as  “One  FMC”  realizing  efficiencies  
    Increasing          while maintaining strong accountability in
    Our Reach           our business units
                       Priority areas
 Capturing Value of
                        • Procurement
Common Ownership
                        • Global Supply Chain
                        • RDE infrastructure
Vision
  2015
            Five Key Elements

Growing Leadership     All current businesses well positioned
    Positions           for sustained growth
                       Phosphates resolution transforms
    Increasing          Industrial Chemicals
    Our Reach
                         • Higher margins, stronger cash
 Capturing Value of        generation, and greater earnings
Common Ownership           stability
                       Continually assess portfolio and take
   Proactively          actions as needed
Managing Portfolio
FMC Has Unrivaled Portfolio
                                  Agricultural                                                        Specialty                                                      Industrial
                        35                                                                                                                               35
                                        S&P 500                                           35               S&P 500                                                       S&P 500
2009 Pre-Tax RONA (%)




                                                                  2009 Pre-Tax RONA (%)




                                                                                                                                 2009 Pre-Tax RONA (%)
                        30                                                                30                                                             30
                                  FMC Agricultural Products
                        25                                                                                                                               25
                                                                                          25


                        20                                                                20        FMC Specialty Chemicals                              20


                        15                                                                15                                                             15
                                                                                                                                                                   FMC Industrial Chemicals
                        10                                                                10                                                             10
                                                       Cost of                                                            Cost of                                                       Cost of
                                                       capital1                                                           capital1                                                      capital1
                        5                                                                 5                                                              5

                        0                                                                 0                                                              0
                             -5     0      5      10     15                                    -5      0       5     10    15                                 -5     0       5     10    15

                              2009-12 Fwd Rev Growth (%)(2)                                    2009-12 Fwd Rev Growth (%)(2)                              2009-12 Fwd Rev Growth (%)(2)

                                                                                                       = Revenue ($MM)
                         (1) Cost of capital reflects range for broad industrial peer group
                         (2) Revenue growth based on consensus estimates. Total company data used if segment data unavailable
                         Note: Pre-Tax RONA = EBIT/identified Assets; based on segment data for each company where available.
                         Source: Thomson Reuters Consensus; Analyst Reports; Compustat; BCG ValueScience
Vision
   2015
                 Key Themes By Business

                Maintaining premium margins while growing sales
Agricultural    Increasing contribution from market and product innovations
 Products       External growth focused on acquiring new product lines and
                 accessing third party active ingredients

                Food Ingredients -- growing portfolio into other texturants
                 and in RDEs through M&A
Specialty       Pharmaceuticals -- maintaining leading share and margin,
Chemicals        selectively broadening portfolio
                Lithium -- focusing on high growth Asian / Energy Storage
                 markets

                Soda Ash -- market leadership and operational excellence
Industrial      Peroxygens -- consolidating into global business, shifting to
Chemicals        specialty applications
                Environmental -- commercializing product pipeline and
                 investing to accelerate growth
Vision
  2015
            Five Key Elements
                       Expect total of ~$3B in cash for
Growing Leadership      deployment over 2010 – 2015
    Positions            • Cumulative free cash flow of ~$2B
                         • ~$1B additional debt capacity
    Increasing             consistent with solid investment grade
    Our Reach              credit rating
                       External growth strategy not expected to
 Capturing Value of     consume all cash available for deployment
Common Ownership
                       Expect to return meaningful amount of
                        cash to shareholders over this period
   Proactively
Managing Portfolio       • Completed $100M share repurchase in
                           4th quarter 2010
 Disciplined Cash
   Deployment
Vision
  2015
            Delivering Our Vision

                       Confident that we can deliver on Organic
Growing Leadership      Growth plans
    Positions
                       Sales growth consistent with past
                        performance and in line with end market
    Increasing          exposures
    Our Reach
                       Maintains and reinforces leadership
                        positions, resulting in sustainable high
 Capturing Value of     returns
Common Ownership
                       Delivering Organic Growth goals alone will
                        support substantial shareholder value
   Proactively          creation
Managing Portfolio
                       Disciplined, value-creating External Growth
                        strategy provides upside
 Disciplined Cash
   Deployment          Balanced with returning cash to
                        shareholders
Agricultural Products
Milton Steele, Vice President and General Manager,
Agricultural Products
Agricultural Products

                An agile, innovative, customer-focused and highly
                profitable business with:
  Vision
  2015           $2.3B Sales
                 $575M EBIT
                 25% EBIT Margin
                 30-40% of 2015 Sales generated from products
                  introduced during the plan period

 Strategic Roadmap
  Proven Differentiator Strategy continuing to deliver premium
   margins and sales growth
  Organic Growth driven by rich pipeline of EBIT growth projects
  External Growth initiatives focused on enhancing and expanding the
   portfolio
Key Elements of APG Differentiator Strategy

  Innovation through aggregating technologies
    • Market Innovation
    • Product Innovation
  Globally competitive manufacturing cost structure
  High customer intimacy
  Disciplined focus
  Flat, agile and empowered organization
Agricultural Products - Serving Key Agricultural
Markets Worldwide

               Fungicides
                & Other                            Asia
                                                                  North
                  7%                              Pacific
                                                                 America
                                                   16%
                                                                  21%

                            Insecticides   EMEA
                                48%         15%
       Herbicides
          45%
                                                             Latin
                                                            America
                                                             48%




       Based on 2009 Consolidated Sales of $1,052M


            Long-term global agricultural trends driving
                crop protection chemicals growth
Differentiator Strategy Has Delivered 23% EBIT
CAGR 2002-2009
                                                         27% Margin
      Sales           1,052            EBIT                 289
     8% CAGR                         23% CAGR

                                     11% Margin
        615
                                        69

       2002            2009              2002               2009
               ($M)                               ($M)


 EBIT growth driven by substantial margin expansion & solid sales growth
  Major manufacturing cost reductions and restructuring
  Product line expansion via innovation, alliances, licensing and
   acquisitions in all regions
  Robust market innovation -- ~25% of 2010 sales from new products
   introduced in the past 5 years
Differentiator Strategy Providing Superior Returns

                              2009 EBIT Margin
  30%
                   27%

  20%



  10%



   0%
        Monsanto   FMC   Syngenta   BASF     Bayer     DuPont    Dow   Nufarm   MAI

                   Biotech      Tier 1 R&D           Global Generic



   Source: Company Financials and FMC Analyses
Vision 2015 -- Continuing to Deliver Premium
Margins and Sales Growth

      Sales                             EBIT
    14% CAGR                 2,300    12% CAGR
   (9% Organic)                      (8% Organic)
                                                      25% Margin
                                                          575



      1,052                           27% Margin
                                         289




      2009                   2015       2009              2015
              ($ ($M)
                 millions)                         ($M)
Strategic Imperatives

  Successful execution of Differentiator Strategy
  Realizing rich pipeline of organic EBIT growth projects
  Continued growth in all regions -- numerous market
   expansion projects in various stages of implementation
  Increased supply chain productivity
  External Growth focused on product line acquisitions,
   licensing, development investments/alliances,
   accessing third-party active ingredients and adjacent
   spaces
Organic Growth -- Rich Pipeline of EBIT Growth
  Opportunities
        500                                           Innovation:
              Internal Growth Contribution to EBIT     Technologies to differentiate existing
                                                       chemistries, e.g., increased control
                                               445     at lower use rates

        400
                                                       Access to third party chemistries
                                                       Continue to extend and/or expand
                                                       product life cycles
($ M)




                                                      Market Access:
        300                                            Alliances & investments strengthen
                                                       market access in focus markets
               289
                                                      Operational Improvement:
                                                       Maintain low-cost, virtual
                                                       manufacturing structure
        200
                                                       Reinvent supply chain
              2009                             2015
                                                       processes/systems to improve
                     Market / Product Innovation
                                                       efficiencies and working capital
                     Market Access                     performance
                     Operational Improvement
                                                       Develop next-generation of low-cost
                                                       sourcing
Organic Growth -- 19 Active Projects Have Potential to
Add >$300M EBIT at Maturity
                                         Higher
Strategically / Financially Attractive




                                                    Market Access
                                                    Product Innovation
                                         Lower




                                                                                            Bubble size represents maturity EBIT/Cash Flow.
                                                    Market Innovation           $40M
                                                                                            Some projects projected to not reach maturity
                                                                                            until > 2015.
                                                    Operational Improvement

                                                  Lower                       Feasibility                                      Higher
External Growth -- Highly Focused and Disciplined
Approach
                  Components of                           External growth builds on existing
                 Vision 2015 EBIT                         internal growth platforms,
 600                                                      focused on aggressively pursuing:
       $ Millions
                                                           Product line and technology
                                                 575        acquisitions, e.g.
 500                                                        • Fluthiacet-methyl
                                                           In-licensing
 400    445                                                 • Access to various third party
                                                              chemistries
                                                           Development investments and
 300                                                        alliances
                                                            • Collaboration agreements with
                                                              agricultural and non-agricultural
 200                                                          research companies worldwide
       Organic                                   Vision
        2015                                     2015      Adjacent spaces
                 External Growth Opportunities               • Biologicals
Agricultural Products

                An agile, innovative, customer-focused and highly
  Vision        profitable business with:
  2015
                 $2.3B Sales
                 $575M EBIT
                 25% EBIT Margin


 Sustainable Premium Margins
  Innovation creating differentiated products
  Sales growth in all regions
  Supply chain efficiencies driving global competitiveness
  Focused and disciplined external growth initiatives complementing
   strategic focus and customer intimacy initiatives
Specialty Chemicals
Theodore Butz, Vice President and General Manager,
Specialty Chemicals
Specialty Chemicals

                                               Asia
         Lithium                              Pacific
          23%                                  20%          North
                                                           America
                                                            40%


                                            EMEA
               BioPolymer
                                            32%
                  77%
                                                         Latin
                                                        America
                                                          8%


               Based on 2009 Consolidated Sales of $753M

  BioPolymers – Food Ingredients and Pharmaceuticals
   • Partnering with major category leaders across the globe
   • Employing deep product / application expertise to customer solutions
   • Extending customer product life cycles
  Lithium focus on faster growing energy storage and pharmaceuticals
Specialty Chemicals
                     Global leader in functional chemistries serving Food,
                     Pharmaceutical and Energy Storage markets
                      $1.5B Sales / $375M EBIT
 Vision
                      Well positioned in attractive end market segments
 2015
                      Strong global presence
                      Increasing levels of sustainable organic growth
                      Potential to supplement growth through external development

 Three Attractive                Strong Global           Increasing Participation In
   End Markets                      Position            Faster Growing End Markets
                                                                              7.0%
      Other
       7%                                   North               5.2%
 Energy
 Storage                          Asia     America
   13%                            33%       29%
              Food
              47%
                                            Latin
  Pharma                                   America
   33%                              Europe
                                            12%
                                     26%
                                                                2010          2015
                                                          Weighted average market growth
              2015 Revenue Mix                               (5-year forward-looking)
Specialty Chemicals
 Leveraging global leadership to drive continued strong Sales
 and EBIT growth over 2009 - 2015

     Sales                           EBIT                26% margin
    12% CAGR                        15% CAGR
                                  (11% Organic)
   (7% Organic)          1,500                              375




                                    21% margin
        753
                                        160




       2009              2015          2009                2015
                  ($M)                            ($M)
Comparison  of  Specialty  Chemicals’  Strategic  Positions

                         Food       Pharmaceutical
                                                      Lithium
                      Ingredients     Excipients
 Organic Sales
                          5%              6%            12%
 Growth
 Role of
                         High          Moderate         Low
 Innovation

 Importance of
 External Growth         High          Moderate      Not Critical
 to Strategy

 RDE Opportunity         High            High        High (Asia)


 Strategic Position    Attractive      Attractive    Attractive
Food Ingredients
             A $700M specialty ingredient supplier solving
    Vision   customer’s  global  product  development  needs  
    2015     through innovative ingredient solutions


      Market Drivers               FMC Starting Position
   Health & Nutrition        Sales of $330M in 2009
   Convenience               Medium size, global innovator of
   Indulgence                 texture ingredients
   Rising Incomes (RDEs)     Leadership positions in seaweed
                               and cellulose specialties
   Value
                              Low cost, premium supplier
                              Premier performance among
                               peers
Food Ingredients -- Strategic Imperatives

  Invest in core products to strengthen leadership
   position

  Leverage customer relationships by broadening
   texture portfolio

  Increase participation in higher growth, high value-
   added ingredients

  Expand RDE position by investing in growth markets
Food Ingredients Market -- ~4% Stable Annual Growth
                 $35B space fragmented by end-use applications and ingredient technology
                                       Sensation         Specialty Proteins      Texturants         Function
                  100
                                  Natural Colors                                    Pectin           Vitamins
                                                                Gelatin
                                  Synthetic Colors                                  Gums           Preservatives
                      80
Percent of Category




                                       Sweeteners                                                  Antioxidants
                                                               Soy                Cellulosic
                                                            Concentrate                              Enzymes
                                                                                  Seaweed
                      60          Flavor Enhancers
                                                                  Soy
                                                                                 Native Starch      Cultures
                                                                Isolates
                      40
                                                             Dairy Whey                           Nutraceuticals
                                                                                Modified Starch
                                                              Fractions
                                        Flavors
                      20
                                                               Dairy                                Acidulants
                                                             Caseinates           Emulsifiers
                      0
                           0       5                10     15              20           25          30             35

                               0 - 3% growth             Market Size ($B)
                               3 - 5% growth                                             Current FMC market
                               >5% growth
Pharmaceuticals

                  $500M leading value-added supplier addressing
   Vision         customers’  needs  with  enabling solutions for
   2015           Active Pharmaceutical Ingredients


          Market Drivers                 FMC Starting Position

 Aging demographic and            Sales of $240M in 2009
  increasing access to medicines   Recognized leader in tablet binders
 Increasing generic penetration   Price premium driven by strong
 Broad cost pressures across       quality and reliable service
  system                           Broad customers positions across RX
 Strong  growth  in  RDE’s         and GX
 Changing development cycle       Cost parity with other suppliers
                                   Growing niche positions in
                                    biomedical, capsules and alginates
Pharmaceuticals – Strategic Imperatives

   Invest in core products to maintain premium position

   Expand RDE position to capture growth markets

   Redefine innovation and service model to increase
    customer intimacy

   Expand tablet excipient technologies

   Broaden dose form participation to access larger, faster-
    growing opportunities
Lithium

                 $350M supplier of lithium chemistries profitably
   Vision        serving a broad base of customers in the Energy
   2015          Storage, Polymers, Synthesis and Industrial markets


         Market Drivers                 FMC Starting Position
 Portable electronics growth     Sales of $175M in 2009
 Energy diversification          Well positioned in early stages of
 Energy/environmental policies    energy market growth
 Long term supply availability   Attractive cost position
 RDE growth in downstream        Recognized leader in several high value
  markets                          market niches
                                  Well positioned in Asia vs. major
                                   competition
                                  Manufacturing footprint transitioned
                                   toward future growth platforms
Market Demand Scenarios 2008 – 2020
 350,000
                                                                           Upside
              Tons of Lithium Carbonate Equivalent                         Auto
 300,000
                                                                           Base
                                                                           Auto
 250,000


                                                                           Downside
 200,000
                                                                           Auto

                                                                                  Indust./Const./Other
 150,000
                                                                                  Primary battery

 100,000                                                                          Grease / lubricants

                                                                                  Glass / ceramics

  50,000                                                                          BuLi / Spec. Org.

                                                                                  Air treatment
       -
            2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020      Secondary battery
                                                                                  non-auto
  •   Source: FMC estimates
  •   Note: Vehicle electrification assumptions:
  •   Upside: 21% penetration in 2020 (8.0% HEV / 7.7% PHEV / 5.6% EV)
  •   Base: 15% penetration in 2020 (6.5% HEV / 5.1% PHEV / 3.1% EV)
  •   Downside: 8% penetration in 2020 (3.6% HEV / 2.2% PHEV / 1.8% EV)
Substantial Acceleration in Lithium Market Growth
Expected 2015 - 2020
 2000                                           2000
        ($M)                                           ($M)
                                       $1,700                                      $1,700

                            12%
 1500                                           1500
                            CAGR

                6%
 1000          CAGR        $950                                      $950
                                                1000
          $700                                           $700

  500                                            500



    0                                              0
          2010             2015        2020              2010        2015              2020

        Industrial          Polymers                   Americas   Europe       Japan
        Synthesis           Energy Storage             China      Other Asia


   Source: FMC estimates
Lithium - Strategic Imperatives

  Expand position in energy storage segment

  Strengthen downstream business

  Additional capacity expansion decision in 2012
Specialty Chemicals

  Vision      Global Leader in Functional Chemistries for Food,
  2015        Pharmaceuticals and Energy Storage Markets

 Strong portfolio of businesses
 Attractive organic growth in all businesses, with significant
  external growth opportunities
 Increasing and sustainable EBIT margins
   • 12% Sales CAGR
   • 15% EBIT CAGR
   • 25% of Sales from innovation
 Significant increase in RDE participation
 Asia to become largest region for group
 Well positioned to participate in faster-growing end markets
Industrial Chemicals
D. Michael Wilson, Vice President and General Manager,
Industrial Chemicals
Industrial Chemicals
                       Group of high performance businesses - created through
                       restructuring, transformation and innovation-driven growth
                       that delivers:
       Vision
       2015            Greater Sales/EBIT growth      Superior returns on assets
                       Higher margins                 Stronger cash generation
                       Greater earnings stability     Less sensitivity to GDP cycles
                                                                    20% Margin
                                1,300                                    260
          Sales                                      EBIT
         7% CAGR                                   19% CAGR


                                                   10% Margin
           859   (1)
                                                      90


           2009                 2015                 2009   ($M)        2015
 (1)   2009 sales restated to exclude phosphates
Industrial Chemicals
                                                       Asia
             Silicates
                                                      Pacific
              Zeolites
                                                       5%
                4%
     Phosphates
        16%
                                               EMEA
                                               31%               North
                                                                America
       Global            Soda Ash
                                                                 51%
     Peroxygens            56%
        24%

                                                   Latin
                                                  America
                                                   13%



               Based on 2009 Consolidated Sales of $1,027M

  Three businesses going forward:
   Soda Ash
   Global Peroxygens
   Zeolites / Silicates
Industrial Chemicals -- Strategic Imperatives
 Exiting Phosphates to achieve significantly greater earnings stability
 Leveraging our global, low-cost Soda Ash position
  • Driving strong earnings growth with high margins, low volatility and
    superior returns
  • Utilizing Granger as a strategic asset
 Maximizing our Global Peroxygens franchise
  • Shifting product mix to deliver >50% revenue in specialty applications
  • Propagation of specialties, globalization, innovation and focused M&A
 Pursuing an early stage Environmental Solutions platform
  • Efficacious, cost-effective solutions to environmental challenges in air,
    soil and water
  • Combination of organic growth and acquisition of complementary /
    adjacent technologies
 Executing Operational Excellence programs to enhance cost leadership
Exiting Phosphates
             Unsustainable competitive position
  Key          • Change in environmental regulation prohibits gypsum disposal
 Drivers       • Raw material volatility, cost disadvantage, regional oversupply
             Fully pursued opportunities to attractively restructure/partner/divest


             Approved closure of Huelva, Spain phosphates facility effective
              Dec 31, 2010
 Actions     Plant decommissioning, dismantlement and environmental
              remediation to be completed in 2011/2012


             Modest 2011 EBIT impact; phosphates near break-even in 2010
             Action avoids future projected losses driven by change in
Financial     environmental regulation
 Impact      Estimated one-time charges of $100 - $110M, including cash charges
              of $60 - $70M for closure, environmental and severance related costs


      Going forward, Foret will be a focused silicates / zeolites
              business with significant growth potential
Soda Ash
                An $800M global leader in natural soda ash and
   Vision
                specialty sodium salts with respect to cost
   2015
                position, innovation and profitability

         Market Drivers                      Current Position

 GDP growth in mature markets       World’s  largest  natural  soda  ash  
                                      producer
 Growth in industrial production
  and per capita consumption in      Significant cost advantage versus
  RDEs                                synthetic soda ash production
 Supply / Demand balance            Cost position and efficient
  regionally and globally             distribution enable global reach
 Relative freight cost              Leader in Longwall and
 Relative cost of substitutes        Secondary Solution Mining
 Regulatory initiatives             Sustained earnings well in excess
                                      of reinvestment economics
Industry Structure and Competitive Position Make
Soda Ash an Attractive Business for FMC

 Limited access to key raw material

 Favorable U.S. industry structure

 FMC has scale, proprietary process technology and low-cost
  position

 Supply-driven cycle, steady global demand growth

 Global supply cost curve is not flat due to natural vs. synthetic
  production

 ANSAC as a highly efficient sales and distribution channel
Soda Ash – Strategic Imperatives
                                            Actions
                  Leverage cost and scale positions to outperform the industry
  Maintain
                  Domestic price leadership
   Market
 Leadership       Strategic account management
                  Manage Granger capacity strategically

                  Enhance low cost position via robust Operational Excellence
                   program and process innovation
Build on Cost
               Execute global procurement initiatives
 Leadership
                  Advocate interests regarding potential climate change
                   regulation and legislation

                  Influence ANSAC strategy consistent with our global view
                  Latin America -- defend existing position and capture
   Global          incremental growth
   Reach          Asia -- raise pricing levels while preserving market positions
                  Other RDEs -- pursue market entry in profitable regions
Global Peroxygens
                  A $375M leading global supplier of oxidation solutions to
   Vision         environmental, anti-microbial, and other specialty
   2015           markets building on our peroxygens chemistries and
                  adjacent technologies

          Market Drivers                            Current Position

 Growth of core demand in North             North America leader in attractive
  America and Western Europe with             and growing specialty peroxygens
  economic recovery                           applications
 Greater regulation of environmental        Opportunity to drive specialty
  and food safety standards                   transition in Europe
 Sustainability  and  “green  chemistry”    Significant opportunity to enhance
                                              growth via more rapid globalization
 RDE adoption of Western standards
 Core markets growing faster in RDEs
Peroxygens Targeting Three Sets of Applications

                           Environmental
                         Technologies employed
                          to reduce, eliminate or
                           remediate pollutants
                         contained in or emitted
                         into air, water, and soil.


                                   Cost
                                  Growth
                               Globalization        Core
            Anti-Microbial Innovation
                                              All traditionally
            All served areas in
                                             served markets
           which our oxidants
                                           such as pulp/paper,
              are principally
                                           polymer, cosmetic,
             employed to kill
                                            pharmaceuticals,
           bacteria, pathogens
                                             distribution, and
            or other microbes.
                                                electronics.
Peroxygens Mix Shift Driven by Specialty Applications

         Specialties
                                          Soil   Electronics
                                 Food
Specialties sold on              Safety                             NOx
attributes:                                                         (Air)
                                                   Aseptic
Efficacy
Sustainability                      Personal                      Oilfield

Intellectual Property                 Care
                           Polymer


                                                   Water
                                                 Treatment                    -   Core
Commodities sold on
Price                                                                        -   Environmental
                                                                              -   Antimicrobial
                         Pulp                      Hard
                                Mining            Surface
    Commodities
                       0%                          5%              10%

                                Market / Application Growth Rate
Global Peroxygens – Strategic Imperatives
                                         Actions
                Enhance competitive cost position via process redesign
    Cost         and ongoing cost reduction initiatives

                Continue to enhance profitability and reduce cyclicality
 Propagate       while growing globally
 Specialties    Globalize specialty franchises in environmental,
                 electronics, food safety and water treatment

                Leverage specialty opportunities via integration of
                 Western European peroxygens
  Global
  Reach         Capture growth in RDEs
                Establish sustainable competitive advantages in new
                 geographies

                Ensure long-term sales and earning growth

 Innovation     Pipeline of new applications and continued process
                 enhancements
                Protect technology with intellectual property
Environmental Solutions
                  A sustainable business platform created through organic
    Vision        growth and acquisition of complementary and adjacent
    2015          technologies - providing efficacious and cost effective
                  solutions to environmental challenges in air, soil and water

                                                                    Strategic
  Market Drivers               Current Position
                                                                   Imperatives
Increasing regulations     Technology leader in            Validate technologies
 for air, soil and water     destruction of organic           through plant trials
 environmental protection    containments in soil and        Provide optimal funding to
Corporate Sustainability    groundwater                      accelerate earnings
Increasing environmental   Portfolio of promising          Globalize appropriately --
 and natural resource        technologies for scrubbing       after commercialized in
 pressures in RDEs           acid gas from air emissions,     target geography
                             supported by intellectual
                             property                        Create standalone growth
                                                              entity after reaching critical
                            Efficacious, cost effective      mass
                             and “green”  technologies in
                             alkali, peroxygens, silicates   Focused M&A to enhance
                             and zeolites                     growth
Industrial Chemicals
             Restructured and transformed business
              segment
  Vision     Delivering sustained Sales/EBIT growth
  2015       Greater earnings stability               Financial Highlights
             Strong cash generation                          2015
             Above hurdle rate returns across         Sales          $1.3B
              economic cycles
                                                         2009-2015
                                                                       7%
                                                           CAGR
             Attractive portfolio of businesses       EBIT          $260M
             Increased specialty focus
                                                         2009-2015
             Global reach, with greater exposure to                  19%
    Key                                                    CAGR
              RDEs and faster growing markets
 Elements                                              EBIT Margin    20%
             Reduced sensitivity to GDP in mature
              markets
             Sustainable Environmental business
              platform
Rapidly Developing Economies (RDEs)
and Procurement
Mark Douglas, Vice President
Global Services and International Development
Dynamic Global Growth Trends Driving
RDE Opportunities




                                     Central / Eastern
                                         Europe,
                                      Turkey, Russia


                                            Asia

                       Middle East
                        & Africa

              Latin
             America
Rapidly Developing Economies (RDEs)
                RDEs to  deliver  50%  or  more  of  FMC’s  total  sales by
                 2015
  Vision         • Sales of $2+B
  2015
                 • CAGR of 9-11% over 2009-2015
                Strong local leadership with developed bench

Strategic Roadmap
 People -- recruitment, retention and development of local workforce
  and leadership
 Technology -- local development of product offerings tailored for
  local markets
 Asset Placements -- supporting resources for business growth, e.g.
  • Shanghai Innovation Center
  • BioPolymer labs in Turkey, Singapore, India
Enabling Actions to Capitalize on RDE Opportunities

  Locally tailored products required for local markets

  Talent acquisition -- increasing need now driven by both
   MNCs and local companies

  Continued rapid development of logistical / industrial
   infrastructure

  Shifting cost competitiveness

  Government support for growth -- incentives, subsidies

  Increasing environmental legislation
RDE – Expanding Impact Across FMC Businesses

    Sales by Segment                  Key Drivers
                  $2.0B       Organic growth and new
                               products/markets drive
                               Agricultural Products
                              Food Ingredients growth driven
   $1.1B                       by trends towards convenience
                               and protein delivery
                              Strong excipient growth drives
                               Pharmaceuticals
                              Lithium growth in Energy
                               Storage markets in Asia

    2009     2015 Organic
     APG    SCG        ICG
Rapidly Developing Economies
                Enabling growth in RDEs to provide >50% of FMC Sales
  Vision
                 Sales of $2+B
  2015
                 CAGR of 9-11% over 2009-2015
 Enabling activities we will focus on:
     People -- recruit, retain and develop local talent
     Technology -- continuing to invest to ensure highest levels of
      local development
     Assets/Infrastructure -- selectively adding to support business
 Regional growth:
     Latin America -- Sales reaches $1.1B, primarily by leveraging
       Agricultural Products position
     Asia RDEs -- Sales increase to $750M through targeted
       investments
     Central / Eastern Europe, Turkey and Russia -- Sales of $150M
       by establishing strong footholds in key countries
Procurement - A Next Generation Operating Model
                Best in class, cost efficient services via technology-
  Vision        driven procurement
  2015           Operational excellence yields run rate cash cost
                  reductions reaching $80M in 2015

Strategic Roadmap
 Create a center-led, global sourcing & procurement organizational structure
 Leverage  spend  globally  through  increased  “spend  under  management”
 Robust standardization of Purchase-to-Pay process across the entire
  organization
 Procurement organization enablement through technology systems and tools
 Cost forecasts and market insights provided, as well as risk mitigation
  strategy and execution
 Integration with M&A transaction teams to identify cost reduction
  opportunities and to scale the business
Our Path to Operational Excellence
                 Operations     2010     2011         2012   2013      2014   2015
  Organization




                  Sourcing

                  Center of
                  Excellence

                   Spend
                 Management
  Process




                 Purchase-to-
                 Pay Process
                  Accounts       Broad organizational engagement supported by
                  Payable         external expertise
                      E-         Early wins identified and captured
Technology
 Adoption




                 Procurement
                                 Iterative process
                 Master Data
                                 New leadership in place
Best-in-Class Procurement to Drive Significant Cost
Savings
                   Run Rate Cash Cost Reduction

                                             $80M
                                              80
 Early wins deliver ~$3M
 annual savings
  Packaging
  Telecom                  $50M
                             50
  Travel
  HR Services


            $25M
             20




       Dec 2011            Dec 2012        Dec 2015
Financial Strength Enables
Achievement of Vision 2015
W. Kim Foster, Senior Vice President and Chief Financial Officer
Vision 2015 - Path to $5B Sales and $1.2B EBIT

  Sales Target: $5.0B                               EBIT Target: $1.2B

                                   $5.0B                                               $1.2B




 $2.8B


                                            $0.5B




  2009   Organic Growth External   Vision    2009   Organic   Procurement   External    Vision
                        Growth     2015             Growth                  Growth      2015
Sales - Modest Acceleration in Organic Growth Rate

 2009 – 2015: 7% CAGR                                Key Drivers
                                         $4.2B
 2002 – 2009: 6% CAGR          2009-15            Attractive end
                               CAGR%
                                                   markets
                                 3%
                                                  Continued growth in
                       $2.8B                       leadership positions
             2002-09
             CAGR%                                Increased RDE
               5%                7%                participation
     $1.9B                                        Rich innovation
                                                   pipeline across our
              6%                                   businesses

                                 9%
                                                    Industrial Chemicals
               8%
                                                    Specialty Chemicals
                                                    Agricultural Products
     2002              2009              2015
Continued Double-Digit EBIT Growth Rate with Margin
Expansion
 2009 – 2015: 11% CAGR                                 Key Drivers
                                         ~21%
 2002 – 2009: 14% CAGR                             APG – rich organic
                                         ~$900M     growth pipeline,
                               2009-15
                               CAGR%                sustained premium
                                19%                 margins
                                                   SCG - new product
                       16%                          introductions and
             2002-09
             CAGR%              11%                 market-driven volume
                       $466M
                                                    growth
                3%
EBIT                                               ICG - Soda Ash
       10%
Margin          9%                                  growth,  Peroxygens’  
     $188M                                          specialty shift and
                                 8%                 phosphates exit
               23%
                                                      Industrial Chemicals
                                                      Specialty Chemicals
                                                      Agricultural Products
      2002             2009               2015        Corporate
Delivering on Organic Goals Generates Over $2B
Free Cash Flow
                     2010–2015 Cumulative                                      Key Drivers
    ~$5B
                                                                              Strong operating
                                                                               profit growth in
                                                                               all businesses
                                                                              Improved capital
                                                                               efficiency
                                                               ~$2B           Legacy liabilities
                                                                               remain constant
                                                                              Improved
                                                                               translation of
                                                                               EBITDA to FCF

  Cumulative      Increase in     Capital    All Other Items   Cumulative
 Organic EBITDA    Working      Investment                     Organic FCF
                    Capital
External Growth Complements Organic Growth

2015 Sales from External Growth       Disciplined Approach to
                                          External Growth
                 $50M   $850M
                                   Proactive, aligned with clear
        $300M
                                    strategic intent in selected spaces
                                   Clear portfolio objectives
                                   Strong value creation emphasis,
                                    fully realizing growth potential
                                   No large scale, complex, or
$500M
                                    transformational acquisitions
                                   Balanced evaluation metrics
                                    • Deal-specific
                                         –   IRR > risk-adjusted hurdle rate
                                         –   EPS accretion year 2 or sooner
                                         –   Attractive growth rate
                                         –   Premium EBIT Margins
                                    • Portfolio
                                         – Sustainable mid-teens ROIC
  APG    SCG      ICG    Total           – Strategic optionality
Over $3B in Cash to Deploy Over 2010-2015

                 ~$1B          >$3B
                                            Total of over $3B in cash to
                Borrowing      Cash to       deploy over 2010–2015
                 capacity     return to
   ~$2B
                            shareholders     • Cumulative ~$2B Organic
    2.2
                                               Free Cash Flow
                                             • Additional debt capacity of
                                               ~$1B consistent with solid
                                               investment grade credit
                              External
                              Growth           rating
                                            Expect to use $1.5B to $2.0B
                                             to fund external growth
                                            Expect to return significant
 Cumulative                 Deployment       cash to shareholders
 Organic Free                 Options
  Cash Flow
Our Vision for FMC in 2015


    Sales of $5+B and EBIT of $1.2+B


    Sustained mid-teens return on invested capital



    Significantly greater earnings stability



    Strong cash generation with disciplined cash deployment

       Premium TSR performance
Fmc Vision 2015
Fmc Vision 2015

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Fmc Vision 2015

  • 1.
  • 2.
  • 3. Vision Launching from a Position of Strength 2015 Strong Recent Financial and Driving Revenue and EBIT Growth, Operational Performance Returning Shareholder Value  Proven record of superior financial  Growing Leadership Positions performance  Increasing our Reach  Business portfolio well positioned -- most with margins and asset returns  Capturing the Value of Common well above peers Ownership  Strong financial position -- liquid  Proactively Managing Our Portfolio balance sheet, high return on  Strong Financial Performance, assets and substantial free cash flow Disciplined Cash Deployment  Performance has created premium  Goal of maintaining top quartile Total shareholder value Shareholder Return • 17% CAGR Total Shareholder Return over 2002 to 2009, top quartile of our industry
  • 4. Our Vision for FMC in 2015 Sales of $5+B and EBIT of $1.2+B Sustained mid-teens return on invested capital Significantly greater earnings stability Strong cash generation with disciplined cash deployment Premium TSR performance
  • 5. Vision 2015 Five Key Elements  Organic Growth drives Sales to $4.0 - $4.5B Growing Leadership • Continued growth in leadership positions Positions • Attractive end markets • Innovation - rich pipeline across businesses  External Growth increases Sales to $5B • Focused, disciplined strategy to include M&A, product and technology acquisitions • Strategy reduces risk normally inherent in external growth  No  plan  to  add  a  new  business  “leg”  to  portfolio
  • 6. Innovation -- Rich Pipeline Delivers >50% of Organic Growth Sales ($B) 4.2 2.8 2009 APG SCG ICG 2015 Organic Growth From Innovation Other Growth (1)  Portfolio highly levered to faster growing (>>GDP) end markets  Primarily products derived from technologies already practiced in the industry  Agricultural Products -- market and product innovation, market access  Specialty Chemicals -- new products, new applications for existing products  Industrial Chemicals -- new applications for existing chemistries (1) Other Growth – Price, Volume, Mix, etc.
  • 7. External Growth Strategy Focused Strategy Disciplined Approach Agricultural Products  Proactive, aligned with clear strategic intent in selected spaces  Strengthen organic growth platforms by acquiring new  Clear portfolio objectives and products and technologies protocols for managing and delivering external growth  Limited, selective M&A principally in adjacent spaces  Strong value creation emphasis, fully realizing growth potential Specialty Chemicals  Balanced evaluation metrics  Food Ingredients top M&A priority  No large scale, complex, or  Product line and RDE expansion transformational acquisitions Industrial Chemicals  Selective M&A focused in specialty applications
  • 8. Vision 2015 Five Key Elements  Invest in human resources and physical infrastructure to enable global growth Growing Leadership Positions  Focus on Rapidly Developing Economies (RDEs)  Growing  where  the  growth  is… Increasing • RDEs deliver >50% of FMC sales by 2015 Our Reach • $2+B Sales; 9-11% CAGR • Latin America -- leveraging Agricultural Products’  leadership  position • Asia -- targeting investments in human, scientific and technological resources across businesses • Central and Eastern Europe, Turkey and Russia -- focusing on internal growth in key countries supplemented by targeted M&A
  • 9. Vision 2015 Five Key Elements  Shifting to balanced centralized / Growing Leadership decentralized model to better leverage size Positions and scale  Acting  as  “One  FMC”  realizing  efficiencies   Increasing while maintaining strong accountability in Our Reach our business units  Priority areas Capturing Value of • Procurement Common Ownership • Global Supply Chain • RDE infrastructure
  • 10. Vision 2015 Five Key Elements Growing Leadership  All current businesses well positioned Positions for sustained growth  Phosphates resolution transforms Increasing Industrial Chemicals Our Reach • Higher margins, stronger cash Capturing Value of generation, and greater earnings Common Ownership stability  Continually assess portfolio and take Proactively actions as needed Managing Portfolio
  • 11. FMC Has Unrivaled Portfolio Agricultural Specialty Industrial 35 35 S&P 500 35 S&P 500 S&P 500 2009 Pre-Tax RONA (%) 2009 Pre-Tax RONA (%) 2009 Pre-Tax RONA (%) 30 30 30 FMC Agricultural Products 25 25 25 20 20 FMC Specialty Chemicals 20 15 15 15 FMC Industrial Chemicals 10 10 10 Cost of Cost of Cost of capital1 capital1 capital1 5 5 5 0 0 0 -5 0 5 10 15 -5 0 5 10 15 -5 0 5 10 15 2009-12 Fwd Rev Growth (%)(2) 2009-12 Fwd Rev Growth (%)(2) 2009-12 Fwd Rev Growth (%)(2) = Revenue ($MM) (1) Cost of capital reflects range for broad industrial peer group (2) Revenue growth based on consensus estimates. Total company data used if segment data unavailable Note: Pre-Tax RONA = EBIT/identified Assets; based on segment data for each company where available. Source: Thomson Reuters Consensus; Analyst Reports; Compustat; BCG ValueScience
  • 12. Vision 2015 Key Themes By Business  Maintaining premium margins while growing sales Agricultural  Increasing contribution from market and product innovations Products  External growth focused on acquiring new product lines and accessing third party active ingredients  Food Ingredients -- growing portfolio into other texturants and in RDEs through M&A Specialty  Pharmaceuticals -- maintaining leading share and margin, Chemicals selectively broadening portfolio  Lithium -- focusing on high growth Asian / Energy Storage markets  Soda Ash -- market leadership and operational excellence Industrial  Peroxygens -- consolidating into global business, shifting to Chemicals specialty applications  Environmental -- commercializing product pipeline and investing to accelerate growth
  • 13. Vision 2015 Five Key Elements  Expect total of ~$3B in cash for Growing Leadership deployment over 2010 – 2015 Positions • Cumulative free cash flow of ~$2B • ~$1B additional debt capacity Increasing consistent with solid investment grade Our Reach credit rating  External growth strategy not expected to Capturing Value of consume all cash available for deployment Common Ownership  Expect to return meaningful amount of cash to shareholders over this period Proactively Managing Portfolio • Completed $100M share repurchase in 4th quarter 2010 Disciplined Cash Deployment
  • 14. Vision 2015 Delivering Our Vision  Confident that we can deliver on Organic Growing Leadership Growth plans Positions  Sales growth consistent with past performance and in line with end market Increasing exposures Our Reach  Maintains and reinforces leadership positions, resulting in sustainable high Capturing Value of returns Common Ownership  Delivering Organic Growth goals alone will support substantial shareholder value Proactively creation Managing Portfolio  Disciplined, value-creating External Growth strategy provides upside Disciplined Cash Deployment  Balanced with returning cash to shareholders
  • 15.
  • 16. Agricultural Products Milton Steele, Vice President and General Manager, Agricultural Products
  • 17. Agricultural Products An agile, innovative, customer-focused and highly profitable business with: Vision 2015  $2.3B Sales  $575M EBIT  25% EBIT Margin  30-40% of 2015 Sales generated from products introduced during the plan period Strategic Roadmap  Proven Differentiator Strategy continuing to deliver premium margins and sales growth  Organic Growth driven by rich pipeline of EBIT growth projects  External Growth initiatives focused on enhancing and expanding the portfolio
  • 18. Key Elements of APG Differentiator Strategy  Innovation through aggregating technologies • Market Innovation • Product Innovation  Globally competitive manufacturing cost structure  High customer intimacy  Disciplined focus  Flat, agile and empowered organization
  • 19. Agricultural Products - Serving Key Agricultural Markets Worldwide Fungicides & Other Asia North 7% Pacific America 16% 21% Insecticides EMEA 48% 15% Herbicides 45% Latin America 48% Based on 2009 Consolidated Sales of $1,052M Long-term global agricultural trends driving crop protection chemicals growth
  • 20. Differentiator Strategy Has Delivered 23% EBIT CAGR 2002-2009 27% Margin Sales 1,052 EBIT 289 8% CAGR 23% CAGR 11% Margin 615 69 2002 2009 2002 2009 ($M) ($M) EBIT growth driven by substantial margin expansion & solid sales growth  Major manufacturing cost reductions and restructuring  Product line expansion via innovation, alliances, licensing and acquisitions in all regions  Robust market innovation -- ~25% of 2010 sales from new products introduced in the past 5 years
  • 21. Differentiator Strategy Providing Superior Returns 2009 EBIT Margin 30% 27% 20% 10% 0% Monsanto FMC Syngenta BASF Bayer DuPont Dow Nufarm MAI Biotech Tier 1 R&D Global Generic Source: Company Financials and FMC Analyses
  • 22. Vision 2015 -- Continuing to Deliver Premium Margins and Sales Growth Sales EBIT 14% CAGR 2,300 12% CAGR (9% Organic) (8% Organic) 25% Margin 575 1,052 27% Margin 289 2009 2015 2009 2015 ($ ($M) millions) ($M)
  • 23. Strategic Imperatives  Successful execution of Differentiator Strategy  Realizing rich pipeline of organic EBIT growth projects  Continued growth in all regions -- numerous market expansion projects in various stages of implementation  Increased supply chain productivity  External Growth focused on product line acquisitions, licensing, development investments/alliances, accessing third-party active ingredients and adjacent spaces
  • 24. Organic Growth -- Rich Pipeline of EBIT Growth Opportunities 500 Innovation: Internal Growth Contribution to EBIT  Technologies to differentiate existing chemistries, e.g., increased control 445 at lower use rates 400  Access to third party chemistries  Continue to extend and/or expand product life cycles ($ M) Market Access: 300  Alliances & investments strengthen market access in focus markets 289 Operational Improvement:  Maintain low-cost, virtual manufacturing structure 200  Reinvent supply chain 2009 2015 processes/systems to improve Market / Product Innovation efficiencies and working capital Market Access performance Operational Improvement  Develop next-generation of low-cost sourcing
  • 25. Organic Growth -- 19 Active Projects Have Potential to Add >$300M EBIT at Maturity Higher Strategically / Financially Attractive Market Access Product Innovation Lower Bubble size represents maturity EBIT/Cash Flow. Market Innovation $40M Some projects projected to not reach maturity until > 2015. Operational Improvement Lower Feasibility Higher
  • 26. External Growth -- Highly Focused and Disciplined Approach Components of External growth builds on existing Vision 2015 EBIT internal growth platforms, 600 focused on aggressively pursuing: $ Millions  Product line and technology 575 acquisitions, e.g. 500 • Fluthiacet-methyl  In-licensing 400 445 • Access to various third party chemistries  Development investments and 300 alliances • Collaboration agreements with agricultural and non-agricultural 200 research companies worldwide Organic Vision 2015 2015  Adjacent spaces External Growth Opportunities • Biologicals
  • 27. Agricultural Products An agile, innovative, customer-focused and highly Vision profitable business with: 2015  $2.3B Sales  $575M EBIT  25% EBIT Margin Sustainable Premium Margins  Innovation creating differentiated products  Sales growth in all regions  Supply chain efficiencies driving global competitiveness  Focused and disciplined external growth initiatives complementing strategic focus and customer intimacy initiatives
  • 28.
  • 29. Specialty Chemicals Theodore Butz, Vice President and General Manager, Specialty Chemicals
  • 30. Specialty Chemicals Asia Lithium Pacific 23% 20% North America 40% EMEA BioPolymer 32% 77% Latin America 8% Based on 2009 Consolidated Sales of $753M  BioPolymers – Food Ingredients and Pharmaceuticals • Partnering with major category leaders across the globe • Employing deep product / application expertise to customer solutions • Extending customer product life cycles  Lithium focus on faster growing energy storage and pharmaceuticals
  • 31. Specialty Chemicals Global leader in functional chemistries serving Food, Pharmaceutical and Energy Storage markets  $1.5B Sales / $375M EBIT Vision  Well positioned in attractive end market segments 2015  Strong global presence  Increasing levels of sustainable organic growth  Potential to supplement growth through external development Three Attractive Strong Global Increasing Participation In End Markets Position Faster Growing End Markets 7.0% Other 7% North 5.2% Energy Storage Asia America 13% 33% 29% Food 47% Latin Pharma America 33% Europe 12% 26% 2010 2015 Weighted average market growth 2015 Revenue Mix (5-year forward-looking)
  • 32. Specialty Chemicals Leveraging global leadership to drive continued strong Sales and EBIT growth over 2009 - 2015 Sales EBIT 26% margin 12% CAGR 15% CAGR (11% Organic) (7% Organic) 1,500 375 21% margin 753 160 2009 2015 2009 2015 ($M) ($M)
  • 33. Comparison  of  Specialty  Chemicals’  Strategic  Positions Food Pharmaceutical Lithium Ingredients Excipients Organic Sales 5% 6% 12% Growth Role of High Moderate Low Innovation Importance of External Growth High Moderate Not Critical to Strategy RDE Opportunity High High High (Asia) Strategic Position Attractive Attractive Attractive
  • 34. Food Ingredients A $700M specialty ingredient supplier solving Vision customer’s  global  product  development  needs   2015 through innovative ingredient solutions Market Drivers FMC Starting Position  Health & Nutrition  Sales of $330M in 2009  Convenience  Medium size, global innovator of  Indulgence texture ingredients  Rising Incomes (RDEs)  Leadership positions in seaweed and cellulose specialties  Value  Low cost, premium supplier  Premier performance among peers
  • 35. Food Ingredients -- Strategic Imperatives  Invest in core products to strengthen leadership position  Leverage customer relationships by broadening texture portfolio  Increase participation in higher growth, high value- added ingredients  Expand RDE position by investing in growth markets
  • 36. Food Ingredients Market -- ~4% Stable Annual Growth $35B space fragmented by end-use applications and ingredient technology Sensation Specialty Proteins Texturants Function 100 Natural Colors Pectin Vitamins Gelatin Synthetic Colors Gums Preservatives 80 Percent of Category Sweeteners Antioxidants Soy Cellulosic Concentrate Enzymes Seaweed 60 Flavor Enhancers Soy Native Starch Cultures Isolates 40 Dairy Whey Nutraceuticals Modified Starch Fractions Flavors 20 Dairy Acidulants Caseinates Emulsifiers 0 0 5 10 15 20 25 30 35 0 - 3% growth Market Size ($B) 3 - 5% growth Current FMC market >5% growth
  • 37. Pharmaceuticals $500M leading value-added supplier addressing Vision customers’  needs  with  enabling solutions for 2015 Active Pharmaceutical Ingredients Market Drivers FMC Starting Position Aging demographic and Sales of $240M in 2009 increasing access to medicines Recognized leader in tablet binders Increasing generic penetration Price premium driven by strong Broad cost pressures across quality and reliable service system Broad customers positions across RX Strong  growth  in  RDE’s and GX Changing development cycle Cost parity with other suppliers Growing niche positions in biomedical, capsules and alginates
  • 38. Pharmaceuticals – Strategic Imperatives  Invest in core products to maintain premium position  Expand RDE position to capture growth markets  Redefine innovation and service model to increase customer intimacy  Expand tablet excipient technologies  Broaden dose form participation to access larger, faster- growing opportunities
  • 39. Lithium $350M supplier of lithium chemistries profitably Vision serving a broad base of customers in the Energy 2015 Storage, Polymers, Synthesis and Industrial markets Market Drivers FMC Starting Position Portable electronics growth Sales of $175M in 2009 Energy diversification Well positioned in early stages of Energy/environmental policies energy market growth Long term supply availability Attractive cost position RDE growth in downstream Recognized leader in several high value markets market niches Well positioned in Asia vs. major competition Manufacturing footprint transitioned toward future growth platforms
  • 40. Market Demand Scenarios 2008 – 2020 350,000 Upside Tons of Lithium Carbonate Equivalent Auto 300,000 Base Auto 250,000 Downside 200,000 Auto Indust./Const./Other 150,000 Primary battery 100,000 Grease / lubricants Glass / ceramics 50,000 BuLi / Spec. Org. Air treatment - 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Secondary battery non-auto • Source: FMC estimates • Note: Vehicle electrification assumptions: • Upside: 21% penetration in 2020 (8.0% HEV / 7.7% PHEV / 5.6% EV) • Base: 15% penetration in 2020 (6.5% HEV / 5.1% PHEV / 3.1% EV) • Downside: 8% penetration in 2020 (3.6% HEV / 2.2% PHEV / 1.8% EV)
  • 41. Substantial Acceleration in Lithium Market Growth Expected 2015 - 2020 2000 2000 ($M) ($M) $1,700 $1,700 12% 1500 1500 CAGR 6% 1000 CAGR $950 $950 1000 $700 $700 500 500 0 0 2010 2015 2020 2010 2015 2020 Industrial Polymers Americas Europe Japan Synthesis Energy Storage China Other Asia Source: FMC estimates
  • 42. Lithium - Strategic Imperatives  Expand position in energy storage segment  Strengthen downstream business  Additional capacity expansion decision in 2012
  • 43. Specialty Chemicals Vision Global Leader in Functional Chemistries for Food, 2015 Pharmaceuticals and Energy Storage Markets  Strong portfolio of businesses  Attractive organic growth in all businesses, with significant external growth opportunities  Increasing and sustainable EBIT margins • 12% Sales CAGR • 15% EBIT CAGR • 25% of Sales from innovation  Significant increase in RDE participation  Asia to become largest region for group  Well positioned to participate in faster-growing end markets
  • 44.
  • 45. Industrial Chemicals D. Michael Wilson, Vice President and General Manager, Industrial Chemicals
  • 46. Industrial Chemicals Group of high performance businesses - created through restructuring, transformation and innovation-driven growth that delivers: Vision 2015 Greater Sales/EBIT growth Superior returns on assets Higher margins Stronger cash generation Greater earnings stability Less sensitivity to GDP cycles 20% Margin 1,300 260 Sales EBIT 7% CAGR 19% CAGR 10% Margin 859 (1) 90 2009 2015 2009 ($M) 2015 (1) 2009 sales restated to exclude phosphates
  • 47. Industrial Chemicals Asia Silicates Pacific Zeolites 5% 4% Phosphates 16% EMEA 31% North America Global Soda Ash 51% Peroxygens 56% 24% Latin America 13% Based on 2009 Consolidated Sales of $1,027M Three businesses going forward:  Soda Ash  Global Peroxygens  Zeolites / Silicates
  • 48. Industrial Chemicals -- Strategic Imperatives  Exiting Phosphates to achieve significantly greater earnings stability  Leveraging our global, low-cost Soda Ash position • Driving strong earnings growth with high margins, low volatility and superior returns • Utilizing Granger as a strategic asset  Maximizing our Global Peroxygens franchise • Shifting product mix to deliver >50% revenue in specialty applications • Propagation of specialties, globalization, innovation and focused M&A  Pursuing an early stage Environmental Solutions platform • Efficacious, cost-effective solutions to environmental challenges in air, soil and water • Combination of organic growth and acquisition of complementary / adjacent technologies  Executing Operational Excellence programs to enhance cost leadership
  • 49. Exiting Phosphates  Unsustainable competitive position Key • Change in environmental regulation prohibits gypsum disposal Drivers • Raw material volatility, cost disadvantage, regional oversupply  Fully pursued opportunities to attractively restructure/partner/divest  Approved closure of Huelva, Spain phosphates facility effective Dec 31, 2010 Actions  Plant decommissioning, dismantlement and environmental remediation to be completed in 2011/2012  Modest 2011 EBIT impact; phosphates near break-even in 2010  Action avoids future projected losses driven by change in Financial environmental regulation Impact  Estimated one-time charges of $100 - $110M, including cash charges of $60 - $70M for closure, environmental and severance related costs Going forward, Foret will be a focused silicates / zeolites business with significant growth potential
  • 50. Soda Ash An $800M global leader in natural soda ash and Vision specialty sodium salts with respect to cost 2015 position, innovation and profitability Market Drivers Current Position  GDP growth in mature markets  World’s  largest  natural  soda  ash   producer  Growth in industrial production and per capita consumption in  Significant cost advantage versus RDEs synthetic soda ash production  Supply / Demand balance  Cost position and efficient regionally and globally distribution enable global reach  Relative freight cost  Leader in Longwall and  Relative cost of substitutes Secondary Solution Mining  Regulatory initiatives  Sustained earnings well in excess of reinvestment economics
  • 51. Industry Structure and Competitive Position Make Soda Ash an Attractive Business for FMC  Limited access to key raw material  Favorable U.S. industry structure  FMC has scale, proprietary process technology and low-cost position  Supply-driven cycle, steady global demand growth  Global supply cost curve is not flat due to natural vs. synthetic production  ANSAC as a highly efficient sales and distribution channel
  • 52. Soda Ash – Strategic Imperatives Actions  Leverage cost and scale positions to outperform the industry Maintain  Domestic price leadership Market Leadership  Strategic account management  Manage Granger capacity strategically  Enhance low cost position via robust Operational Excellence program and process innovation Build on Cost  Execute global procurement initiatives Leadership  Advocate interests regarding potential climate change regulation and legislation  Influence ANSAC strategy consistent with our global view  Latin America -- defend existing position and capture Global incremental growth Reach  Asia -- raise pricing levels while preserving market positions  Other RDEs -- pursue market entry in profitable regions
  • 53. Global Peroxygens A $375M leading global supplier of oxidation solutions to Vision environmental, anti-microbial, and other specialty 2015 markets building on our peroxygens chemistries and adjacent technologies Market Drivers Current Position  Growth of core demand in North  North America leader in attractive America and Western Europe with and growing specialty peroxygens economic recovery applications  Greater regulation of environmental  Opportunity to drive specialty and food safety standards transition in Europe  Sustainability  and  “green  chemistry”  Significant opportunity to enhance growth via more rapid globalization  RDE adoption of Western standards  Core markets growing faster in RDEs
  • 54. Peroxygens Targeting Three Sets of Applications Environmental Technologies employed to reduce, eliminate or remediate pollutants contained in or emitted into air, water, and soil. Cost Growth Globalization Core Anti-Microbial Innovation All traditionally All served areas in served markets which our oxidants such as pulp/paper, are principally polymer, cosmetic, employed to kill pharmaceuticals, bacteria, pathogens distribution, and or other microbes. electronics.
  • 55. Peroxygens Mix Shift Driven by Specialty Applications Specialties Soil Electronics Food Specialties sold on Safety NOx attributes: (Air) Aseptic Efficacy Sustainability Personal Oilfield Intellectual Property Care Polymer Water Treatment - Core Commodities sold on Price - Environmental - Antimicrobial Pulp Hard Mining Surface Commodities 0% 5% 10% Market / Application Growth Rate
  • 56. Global Peroxygens – Strategic Imperatives Actions  Enhance competitive cost position via process redesign Cost and ongoing cost reduction initiatives  Continue to enhance profitability and reduce cyclicality Propagate while growing globally Specialties  Globalize specialty franchises in environmental, electronics, food safety and water treatment  Leverage specialty opportunities via integration of Western European peroxygens Global Reach  Capture growth in RDEs  Establish sustainable competitive advantages in new geographies  Ensure long-term sales and earning growth Innovation  Pipeline of new applications and continued process enhancements  Protect technology with intellectual property
  • 57. Environmental Solutions A sustainable business platform created through organic Vision growth and acquisition of complementary and adjacent 2015 technologies - providing efficacious and cost effective solutions to environmental challenges in air, soil and water Strategic Market Drivers Current Position Imperatives Increasing regulations Technology leader in Validate technologies for air, soil and water destruction of organic through plant trials environmental protection containments in soil and Provide optimal funding to Corporate Sustainability groundwater accelerate earnings Increasing environmental Portfolio of promising Globalize appropriately -- and natural resource technologies for scrubbing after commercialized in pressures in RDEs acid gas from air emissions, target geography supported by intellectual property Create standalone growth entity after reaching critical Efficacious, cost effective mass and “green”  technologies in alkali, peroxygens, silicates Focused M&A to enhance and zeolites growth
  • 58. Industrial Chemicals  Restructured and transformed business segment Vision  Delivering sustained Sales/EBIT growth 2015  Greater earnings stability Financial Highlights  Strong cash generation 2015  Above hurdle rate returns across Sales $1.3B economic cycles 2009-2015 7% CAGR  Attractive portfolio of businesses EBIT $260M  Increased specialty focus 2009-2015  Global reach, with greater exposure to 19% Key CAGR RDEs and faster growing markets Elements EBIT Margin 20%  Reduced sensitivity to GDP in mature markets  Sustainable Environmental business platform
  • 59.
  • 60. Rapidly Developing Economies (RDEs) and Procurement Mark Douglas, Vice President Global Services and International Development
  • 61. Dynamic Global Growth Trends Driving RDE Opportunities Central / Eastern Europe, Turkey, Russia Asia Middle East & Africa Latin America
  • 62. Rapidly Developing Economies (RDEs)  RDEs to  deliver  50%  or  more  of  FMC’s  total  sales by 2015 Vision • Sales of $2+B 2015 • CAGR of 9-11% over 2009-2015  Strong local leadership with developed bench Strategic Roadmap  People -- recruitment, retention and development of local workforce and leadership  Technology -- local development of product offerings tailored for local markets  Asset Placements -- supporting resources for business growth, e.g. • Shanghai Innovation Center • BioPolymer labs in Turkey, Singapore, India
  • 63. Enabling Actions to Capitalize on RDE Opportunities  Locally tailored products required for local markets  Talent acquisition -- increasing need now driven by both MNCs and local companies  Continued rapid development of logistical / industrial infrastructure  Shifting cost competitiveness  Government support for growth -- incentives, subsidies  Increasing environmental legislation
  • 64. RDE – Expanding Impact Across FMC Businesses Sales by Segment Key Drivers $2.0B  Organic growth and new products/markets drive Agricultural Products  Food Ingredients growth driven $1.1B by trends towards convenience and protein delivery  Strong excipient growth drives Pharmaceuticals  Lithium growth in Energy Storage markets in Asia 2009 2015 Organic APG SCG ICG
  • 65. Rapidly Developing Economies Enabling growth in RDEs to provide >50% of FMC Sales Vision  Sales of $2+B 2015  CAGR of 9-11% over 2009-2015 Enabling activities we will focus on:  People -- recruit, retain and develop local talent  Technology -- continuing to invest to ensure highest levels of local development  Assets/Infrastructure -- selectively adding to support business Regional growth:  Latin America -- Sales reaches $1.1B, primarily by leveraging Agricultural Products position  Asia RDEs -- Sales increase to $750M through targeted investments  Central / Eastern Europe, Turkey and Russia -- Sales of $150M by establishing strong footholds in key countries
  • 66. Procurement - A Next Generation Operating Model Best in class, cost efficient services via technology- Vision driven procurement 2015  Operational excellence yields run rate cash cost reductions reaching $80M in 2015 Strategic Roadmap  Create a center-led, global sourcing & procurement organizational structure  Leverage  spend  globally  through  increased  “spend  under  management”  Robust standardization of Purchase-to-Pay process across the entire organization  Procurement organization enablement through technology systems and tools  Cost forecasts and market insights provided, as well as risk mitigation strategy and execution  Integration with M&A transaction teams to identify cost reduction opportunities and to scale the business
  • 67. Our Path to Operational Excellence Operations 2010 2011 2012 2013 2014 2015 Organization Sourcing Center of Excellence Spend Management Process Purchase-to- Pay Process Accounts  Broad organizational engagement supported by Payable external expertise E-  Early wins identified and captured Technology Adoption Procurement  Iterative process Master Data  New leadership in place
  • 68. Best-in-Class Procurement to Drive Significant Cost Savings Run Rate Cash Cost Reduction $80M 80 Early wins deliver ~$3M annual savings  Packaging  Telecom $50M 50  Travel  HR Services $25M 20 Dec 2011 Dec 2012 Dec 2015
  • 69.
  • 70. Financial Strength Enables Achievement of Vision 2015 W. Kim Foster, Senior Vice President and Chief Financial Officer
  • 71. Vision 2015 - Path to $5B Sales and $1.2B EBIT Sales Target: $5.0B EBIT Target: $1.2B $5.0B $1.2B $2.8B $0.5B 2009 Organic Growth External Vision 2009 Organic Procurement External Vision Growth 2015 Growth Growth 2015
  • 72. Sales - Modest Acceleration in Organic Growth Rate 2009 – 2015: 7% CAGR Key Drivers $4.2B 2002 – 2009: 6% CAGR 2009-15  Attractive end CAGR% markets 3%  Continued growth in $2.8B leadership positions 2002-09 CAGR%  Increased RDE 5% 7% participation $1.9B  Rich innovation pipeline across our 6% businesses 9% Industrial Chemicals 8% Specialty Chemicals Agricultural Products 2002 2009 2015
  • 73. Continued Double-Digit EBIT Growth Rate with Margin Expansion 2009 – 2015: 11% CAGR Key Drivers ~21% 2002 – 2009: 14% CAGR  APG – rich organic ~$900M growth pipeline, 2009-15 CAGR% sustained premium 19% margins  SCG - new product 16% introductions and 2002-09 CAGR% 11% market-driven volume $466M growth 3% EBIT  ICG - Soda Ash 10% Margin 9% growth,  Peroxygens’   $188M specialty shift and 8% phosphates exit 23% Industrial Chemicals Specialty Chemicals Agricultural Products 2002 2009 2015 Corporate
  • 74. Delivering on Organic Goals Generates Over $2B Free Cash Flow 2010–2015 Cumulative Key Drivers ~$5B  Strong operating profit growth in all businesses  Improved capital efficiency ~$2B  Legacy liabilities remain constant  Improved translation of EBITDA to FCF Cumulative Increase in Capital All Other Items Cumulative Organic EBITDA Working Investment Organic FCF Capital
  • 75. External Growth Complements Organic Growth 2015 Sales from External Growth Disciplined Approach to External Growth $50M $850M  Proactive, aligned with clear $300M strategic intent in selected spaces  Clear portfolio objectives  Strong value creation emphasis, fully realizing growth potential  No large scale, complex, or $500M transformational acquisitions  Balanced evaluation metrics • Deal-specific – IRR > risk-adjusted hurdle rate – EPS accretion year 2 or sooner – Attractive growth rate – Premium EBIT Margins • Portfolio – Sustainable mid-teens ROIC APG SCG ICG Total – Strategic optionality
  • 76. Over $3B in Cash to Deploy Over 2010-2015 ~$1B >$3B  Total of over $3B in cash to Borrowing Cash to deploy over 2010–2015 capacity return to ~$2B shareholders • Cumulative ~$2B Organic 2.2 Free Cash Flow • Additional debt capacity of ~$1B consistent with solid investment grade credit External Growth rating  Expect to use $1.5B to $2.0B to fund external growth  Expect to return significant Cumulative Deployment cash to shareholders Organic Free Options Cash Flow
  • 77. Our Vision for FMC in 2015 Sales of $5+B and EBIT of $1.2+B Sustained mid-teens return on invested capital Significantly greater earnings stability Strong cash generation with disciplined cash deployment Premium TSR performance