1) Mike Kelly, Executive Vice President of 3M, gave a presentation on the Display & Graphics Business to the 2008 3M Outlook Meeting.
2) The presentation discussed the business blocks, strategies, markets, and financial data of the Commercial Graphics and Traffic Safety Systems Divisions.
3) It also provided an outlook on the LCD industry, optical film industry, and 3M's perspective on the future of displays.
James B. Stake Executive Vice President, Display and Graphics Businessfinance10
This document summarizes key points from a 3M investor meeting presentation about the Display & Graphics business. It discusses growth in the commercial graphics, traffic safety systems, and optical systems divisions. It highlights increasing demand and investments in LCD manufacturing capacity. The optical systems division is developing new films and technologies to improve LCD brightness and energy efficiency. 3M aims to drive growth through innovation, quality leadership, and a global technology pipeline across multiple display technologies.
H.C. Shin Executive Vice President, Industrial and Transportation Businessfinance10
The document discusses strategies for growth of 3M's Industrial and Transportation Business. It outlines four main strategies: 1) Growth through market segment programs focused on key industries like transportation, electronics, and oil/gas. 2) Growth through new platforms in areas like supply chain execution, filtration, and composites. 3) Geographic penetration in emerging markets like China, India, Eastern Europe, and Brazil. 4) Growth by leveraging the 3M brand through channel growth programs and a service/quality initiative. Specific examples of market and product strategies are provided for segments like automotive, aircraft manufacturing, and oil/gas extraction.
6 Prudential's "Inside Our Best Ideas" Conferencefinance10
This document discusses 3M's strategy for growth through customer value enhancement and operational excellence. It summarizes 3M's historical financial performance, showing increasing margins, earnings per share, and return on invested capital. 3M's strategy focuses on growing its core businesses, pursuing complementary acquisitions, expanding into adjacencies, and international growth. 3M aims to drive growth and share gains by enhancing customer competitiveness, business returns, and brand value.
oe E. Harlan Executive Vice President, Electro and Communications Businessfinance10
The document summarizes an investor meeting presentation about 3M's Electro & Communications Business (ECB). It highlights that ECB has maintained strong growth and margins in recent years. Going forward, ECB is positioned for continued growth by leveraging its market-focused customer-centric approach, differentiated technologies, international expansion, adjacent markets, service differentiation, and competitive culture. ECB serves the electrical, communications, and electronics industries with products like tapes, films, adhesives, and interconnect solutions.
The global outsourcing industry is constantly evolving through new contracting award characteristics and an expanding universe of successful service providers. ISG's TPI Index helps industry participants, enterprises and organizations keep pace and capitalize from the latest data on outsourcing trends. It is the authoritative source for marketplace intelligence related to outsourcing: transaction structures and terms, industry adoption, geographic prevalence and service provider metrics.
Piaggio Group reported its full year 2010 financial results. Net sales were largely unchanged from 2009 at €1.485 billion, while EBITDA declined slightly by 1.8% to €197.1 million. Net income decreased by 9.7% to €42.8 million due to higher taxes. Motorcycle sales in Asia and commercial vehicle sales in India increased significantly, while sales declined in other regions. The company's working capital position improved in 2010.
The document contains forward-looking statements regarding Telecom Argentina's estimates of future growth across its business lines and financial results. However, forward-looking statements involve risks and uncertainties that could significantly affect expected results. The data presented refers only to Telecom Argentina group and not its controlling companies. The presentation also provides an overview of Telecom Argentina's 2010 results, including revenue growth of 21% to €2.82 billion driven by increases in all business segments, and EBITDA growth of 16% to €926 million. Mobile customers grew year-over-year and market share increased, while the fixed business saw growth in broadband revenues and ARPU.
This document provides a summary of Affiliated Computer Services' third quarter fiscal year 2009 results. It reports $342 million in new business signings for the quarter and 5% total revenue growth. Operating margins were reported at 10.6% and adjusted operating margins were 11.3%. Adjusted earnings per share for the quarter were $1.00. The document also provides details on commercial and government segment results, new business pipeline, cash flow statements, and updates on Project Compete costs.
James B. Stake Executive Vice President, Display and Graphics Businessfinance10
This document summarizes key points from a 3M investor meeting presentation about the Display & Graphics business. It discusses growth in the commercial graphics, traffic safety systems, and optical systems divisions. It highlights increasing demand and investments in LCD manufacturing capacity. The optical systems division is developing new films and technologies to improve LCD brightness and energy efficiency. 3M aims to drive growth through innovation, quality leadership, and a global technology pipeline across multiple display technologies.
H.C. Shin Executive Vice President, Industrial and Transportation Businessfinance10
The document discusses strategies for growth of 3M's Industrial and Transportation Business. It outlines four main strategies: 1) Growth through market segment programs focused on key industries like transportation, electronics, and oil/gas. 2) Growth through new platforms in areas like supply chain execution, filtration, and composites. 3) Geographic penetration in emerging markets like China, India, Eastern Europe, and Brazil. 4) Growth by leveraging the 3M brand through channel growth programs and a service/quality initiative. Specific examples of market and product strategies are provided for segments like automotive, aircraft manufacturing, and oil/gas extraction.
6 Prudential's "Inside Our Best Ideas" Conferencefinance10
This document discusses 3M's strategy for growth through customer value enhancement and operational excellence. It summarizes 3M's historical financial performance, showing increasing margins, earnings per share, and return on invested capital. 3M's strategy focuses on growing its core businesses, pursuing complementary acquisitions, expanding into adjacencies, and international growth. 3M aims to drive growth and share gains by enhancing customer competitiveness, business returns, and brand value.
oe E. Harlan Executive Vice President, Electro and Communications Businessfinance10
The document summarizes an investor meeting presentation about 3M's Electro & Communications Business (ECB). It highlights that ECB has maintained strong growth and margins in recent years. Going forward, ECB is positioned for continued growth by leveraging its market-focused customer-centric approach, differentiated technologies, international expansion, adjacent markets, service differentiation, and competitive culture. ECB serves the electrical, communications, and electronics industries with products like tapes, films, adhesives, and interconnect solutions.
The global outsourcing industry is constantly evolving through new contracting award characteristics and an expanding universe of successful service providers. ISG's TPI Index helps industry participants, enterprises and organizations keep pace and capitalize from the latest data on outsourcing trends. It is the authoritative source for marketplace intelligence related to outsourcing: transaction structures and terms, industry adoption, geographic prevalence and service provider metrics.
Piaggio Group reported its full year 2010 financial results. Net sales were largely unchanged from 2009 at €1.485 billion, while EBITDA declined slightly by 1.8% to €197.1 million. Net income decreased by 9.7% to €42.8 million due to higher taxes. Motorcycle sales in Asia and commercial vehicle sales in India increased significantly, while sales declined in other regions. The company's working capital position improved in 2010.
The document contains forward-looking statements regarding Telecom Argentina's estimates of future growth across its business lines and financial results. However, forward-looking statements involve risks and uncertainties that could significantly affect expected results. The data presented refers only to Telecom Argentina group and not its controlling companies. The presentation also provides an overview of Telecom Argentina's 2010 results, including revenue growth of 21% to €2.82 billion driven by increases in all business segments, and EBITDA growth of 16% to €926 million. Mobile customers grew year-over-year and market share increased, while the fixed business saw growth in broadband revenues and ARPU.
This document provides a summary of Affiliated Computer Services' third quarter fiscal year 2009 results. It reports $342 million in new business signings for the quarter and 5% total revenue growth. Operating margins were reported at 10.6% and adjusted operating margins were 11.3%. Adjusted earnings per share for the quarter were $1.00. The document also provides details on commercial and government segment results, new business pipeline, cash flow statements, and updates on Project Compete costs.
Piaggio Group reported financial results for the first half of 2010. Net sales increased 3.2% to €820.8 million compared to the first half of 2009. EBITDA grew 9.3% to €117.5 million with an EBITDA margin of 14.3%. Net income increased 28.6% to €33.1 million. Volumes increased 8.5% to 340,800 units sold. The net financial position decreased slightly from €352 million at the end of 2009 to €341.7 million in the first half of 2010.
rad T. Sauer Executive Vice President, Health Care Businessfinance10
3M's health care business has experienced strong growth in recent years. To continue this growth, 3M is pursuing strategies like reconfiguring its health care portfolio to focus on areas of strength, redirecting resources towards high growth areas, and rapidly expanding in developing countries through new products, sales coverage and manufacturing. 3M will also drive organic growth through increased R&D investment, acquisitions that bring synergies, and penetrating new market spaces like digital dentistry and food safety testing.
This document provides an overview of TIM Participacoes S.A.'s operational results for 4Q08 compared to previous periods. Some key highlights include:
- Total subscriber lines grew 3.4% quarter-over-quarter and 16.5% year-over-year to 36.4 million lines.
- Prepaid lines increased 5.1% quarter-over-quarter and 21.8% year-over-year while postpaid lines decreased 3.7% quarter-over-quarter and 3.0% year-over-year.
- Market share declined slightly to 24.2% while the total wireless subscriber base in Brazil grew over 24.5% year-over-year.
- Comcast reported its 3rd quarter 2008 results with consolidated revenue increasing 7% year-over-year to $8.55 billion and operating cash flow growing 8% to $3.24 billion.
- Video, high-speed internet, and phone revenues all increased compared to the prior year while advertising revenues declined 10% due to deteriorating advertising trends.
- The company maintained a disciplined approach to capital expenditures, which increased 7% year-over-year to $1.31 billion for the quarter.
Nexon reported its Q3 2012 results with revenue of ¥24.2 billion and operating income of ¥10 billion. While revenue was flat year-over-year, operating income declined 8%. Nexon's acquisition of gloops establishes it as the #1 independent mobile game developer by revenue and diversifies its business. For Q4 2012, Nexon revised its outlook downward to account for competitive pressures, the gloops acquisition, and plans to focus on engagement over monetization for some regions and titles. Nexon enters 2013 with a strong pipeline including new titles and updates.
Multiplus reported strong growth in the second quarter of 2011. Points issued grew 51.4% year-over-year to 18.5 billion points, while gross billings increased 34.3% to R$354.6 million. Net income was R$81.2 million, an increase from R$23.1 million in the prior year quarter. The average breakage rate was stable at 23.3%. Multiplus uses currency hedges to mitigate foreign exchange risk from agreements denominated in US dollars, with a notional position of USD 171 million in hedges through 2014.
International reported strong 2008 results despite a challenging environment. Premiums, fees, and other revenue are expected to grow from $4.1 billion in 2007 to a range of $4.525-$4.625 billion in 2008. Operating earnings are projected to be $480-500 million in 2008, down from $568 million in 2007. International will continue pursuing growth through geographic, business model, product, and distribution diversification.
- Net sales were up 31% to $870.5 million, with 15% from acquisitions and 15.4% from organic growth. EBIT was up 23% to $81.8 million.
- Construction Materials sales grew 25% to $442.2 million, with 21% organic growth and the acquisition of PDT. EBIT increased 11% to $60.2 million.
- Transportation Products sales grew 5% to $164.6 million due to price increases, but reported an EBIT loss of $9 million due to inefficiencies and costs.
- Brake & Friction reported another strong quarter with sales near $300 million and margins close to 20%.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
The document provides an overview of Terex Corporation and its business. It discusses Terex's vision, mission, and growth strategy. Key points include:
- Terex is the 3rd largest manufacturer of construction equipment globally based on sales.
- Sales have grown at a compounded annual rate of 27% over the past 12 years to over $10 billion currently.
- Terex has a geographically diverse customer base with 70% of sales outside the US.
- Terex aims to be the most customer responsive, profitable, and best place to work in the industry.
The document discusses the fast-moving consumer goods (FMCG) sector in India. It notes that FMCG is the fourth largest sector in the Indian economy, with a total market size of about $17.6 billion. Food and beverages account for 43% of the FMCG market, while personal care accounts for 23%. Major players in the FMCG sector include Hindustan Unilever Limited, ITC Limited, Nestle India, Dabur India, and Britannia Industries. The Indian government recognizes the food processing and agro industries as priority sectors. Rural India represents a significant growth opportunity for FMCG companies.
FY 2010 Results & Plan Update - M. Patuano Gruppo TIM
The document provides an overview of Telecom Italia's domestic market results for FY2010 and plans going forward. It summarizes that FY2010 domestic revenues decreased by 7.4% due to declines in both mobile and fixed line revenues. However, EBITDA only declined by 2.9% due to strong cost control measures. Looking ahead, Telecom Italia's domestic plan focuses on improving performance in mobile, fixed line, and innovative services businesses, with a goal of increasing domestic EBITDA in 2011.
Highlights of the second quarter of 2009. Net sales amounted to SEK 27,482m (25,587) and income for the period to SEK 658m (99), or SEK 2.32 (0.36) per share. Net sales declined by 8.4%, in comparable currencies, due to continued sharp market downturn in Electrolux main markets.
HT Media reported strong results for 1QFY2011 with revenues growing 22% year-over-year to Rs. 402.8 crore, driven by growth in advertising, circulation, radio, and internet revenues. Operating profits grew 55% to Rs. 78.6 crore due to a 410 basis point expansion in operating margins to 19.5% on the back of a 520 basis point increase in gross margins. Net profits increased 43.5% to Rs. 40.2 crore despite a rise in taxes and fall in other income, aided by top-line growth and lower interest costs. The company continued to see traction in its new businesses such as radio and internet.
This document is AMD's 1999 Annual Report which provides an overview of the company's financial performance and operations. Some key points:
1) AMD had record revenue in Q4 1999 but overall posted a net loss for the year as it faced significant challenges from Intel in the PC processor market.
2) The introduction of the AMD Athlon processor was a success and helped AMD gain market share in the higher-performance PC processor sector.
3) AMD's focus is on the growing Flash memory and PC processor markets where it aims to compete with industry leader Intel by forming strategic partnerships and alliances.
- Baxter reported financial results for the second quarter and first half of 2005, with net sales increasing 8% for both periods compared to the prior year. Gross profit and operating income increased significantly due to special charges in the prior year that did not recur.
- Adjusted earnings figures, which exclude special items, showed higher operating income, net income, and EPS for both periods compared to the prior year.
- Cash flows from continuing operations for the quarter and first half of 2005 were positive. Net debt decreased from the beginning of the year due to positive cash flows, partially offset by capital expenditures, dividends, and other items.
ean Lobey Executive Vice President, Safety, Security and Protection Service B...finance10
Jean Lobey discusses 3M's Safety, Security, and Protection Services (SS&PS) business. In 2005, SS&PS generated $2.3 billion in sales and $553 million in operating income. SS&PS provides solutions across three markets: safety, security, and protection. 3M aims to drive over 8% annual growth for SS&PS through new product development, market expansion, adjacent market opportunities, and responding to world events. 3M is also focusing on penetrating developing markets and bringing SS&PS closer to customers through increased international manufacturing and labs.
Moe S. Nozari Executive Vice President, Consumer and Office Businessfinance10
Moe Nozari, Executive Vice President of 3M's Consumer & Office Business, outlined growth opportunities including new product platforms, core brands, key accounts, and international expansion. The business achieved 5-8% annual growth and outpaced industry competitors. Nozari highlighted 3M's category defining brands, innovative new products, strong customer relationships, and global supply chain as drivers of continued success.
George W. Buckley is the Chairman, President and CEO of 3M Company. The document provides an overview of 3M's 2008 outlook meeting, including discussions of the company's strategic focus on accelerating growth, premium returns and enhanced shareholder value. It summarizes 3M's financial performance in 2007, operational excellence initiatives, and outlook for double-digit earnings growth in 2008.
Brad T. Sauer, Executive Vice President, Health Carefinance10
This document provides an overview of 3M's Safety, Security and Protection Services business. It discusses the markets served, key growth strategies, new product innovations, and capacity expansion plans. The business aims to become a $10 billion leader in safety, security and protection products across multiple markets and customer groups. Key strategies include driving core growth through new products, pursuing adjacencies/M&A, expanding internationally, and growing special initiatives like tracking/tracing solutions and mining.
Piaggio Group reported financial results for the first half of 2010. Net sales increased 3.2% to €820.8 million compared to the first half of 2009. EBITDA grew 9.3% to €117.5 million with an EBITDA margin of 14.3%. Net income increased 28.6% to €33.1 million. Volumes increased 8.5% to 340,800 units sold. The net financial position decreased slightly from €352 million at the end of 2009 to €341.7 million in the first half of 2010.
rad T. Sauer Executive Vice President, Health Care Businessfinance10
3M's health care business has experienced strong growth in recent years. To continue this growth, 3M is pursuing strategies like reconfiguring its health care portfolio to focus on areas of strength, redirecting resources towards high growth areas, and rapidly expanding in developing countries through new products, sales coverage and manufacturing. 3M will also drive organic growth through increased R&D investment, acquisitions that bring synergies, and penetrating new market spaces like digital dentistry and food safety testing.
This document provides an overview of TIM Participacoes S.A.'s operational results for 4Q08 compared to previous periods. Some key highlights include:
- Total subscriber lines grew 3.4% quarter-over-quarter and 16.5% year-over-year to 36.4 million lines.
- Prepaid lines increased 5.1% quarter-over-quarter and 21.8% year-over-year while postpaid lines decreased 3.7% quarter-over-quarter and 3.0% year-over-year.
- Market share declined slightly to 24.2% while the total wireless subscriber base in Brazil grew over 24.5% year-over-year.
- Comcast reported its 3rd quarter 2008 results with consolidated revenue increasing 7% year-over-year to $8.55 billion and operating cash flow growing 8% to $3.24 billion.
- Video, high-speed internet, and phone revenues all increased compared to the prior year while advertising revenues declined 10% due to deteriorating advertising trends.
- The company maintained a disciplined approach to capital expenditures, which increased 7% year-over-year to $1.31 billion for the quarter.
Nexon reported its Q3 2012 results with revenue of ¥24.2 billion and operating income of ¥10 billion. While revenue was flat year-over-year, operating income declined 8%. Nexon's acquisition of gloops establishes it as the #1 independent mobile game developer by revenue and diversifies its business. For Q4 2012, Nexon revised its outlook downward to account for competitive pressures, the gloops acquisition, and plans to focus on engagement over monetization for some regions and titles. Nexon enters 2013 with a strong pipeline including new titles and updates.
Multiplus reported strong growth in the second quarter of 2011. Points issued grew 51.4% year-over-year to 18.5 billion points, while gross billings increased 34.3% to R$354.6 million. Net income was R$81.2 million, an increase from R$23.1 million in the prior year quarter. The average breakage rate was stable at 23.3%. Multiplus uses currency hedges to mitigate foreign exchange risk from agreements denominated in US dollars, with a notional position of USD 171 million in hedges through 2014.
International reported strong 2008 results despite a challenging environment. Premiums, fees, and other revenue are expected to grow from $4.1 billion in 2007 to a range of $4.525-$4.625 billion in 2008. Operating earnings are projected to be $480-500 million in 2008, down from $568 million in 2007. International will continue pursuing growth through geographic, business model, product, and distribution diversification.
- Net sales were up 31% to $870.5 million, with 15% from acquisitions and 15.4% from organic growth. EBIT was up 23% to $81.8 million.
- Construction Materials sales grew 25% to $442.2 million, with 21% organic growth and the acquisition of PDT. EBIT increased 11% to $60.2 million.
- Transportation Products sales grew 5% to $164.6 million due to price increases, but reported an EBIT loss of $9 million due to inefficiencies and costs.
- Brake & Friction reported another strong quarter with sales near $300 million and margins close to 20%.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
The document provides an overview of Terex Corporation and its business. It discusses Terex's vision, mission, and growth strategy. Key points include:
- Terex is the 3rd largest manufacturer of construction equipment globally based on sales.
- Sales have grown at a compounded annual rate of 27% over the past 12 years to over $10 billion currently.
- Terex has a geographically diverse customer base with 70% of sales outside the US.
- Terex aims to be the most customer responsive, profitable, and best place to work in the industry.
The document discusses the fast-moving consumer goods (FMCG) sector in India. It notes that FMCG is the fourth largest sector in the Indian economy, with a total market size of about $17.6 billion. Food and beverages account for 43% of the FMCG market, while personal care accounts for 23%. Major players in the FMCG sector include Hindustan Unilever Limited, ITC Limited, Nestle India, Dabur India, and Britannia Industries. The Indian government recognizes the food processing and agro industries as priority sectors. Rural India represents a significant growth opportunity for FMCG companies.
FY 2010 Results & Plan Update - M. Patuano Gruppo TIM
The document provides an overview of Telecom Italia's domestic market results for FY2010 and plans going forward. It summarizes that FY2010 domestic revenues decreased by 7.4% due to declines in both mobile and fixed line revenues. However, EBITDA only declined by 2.9% due to strong cost control measures. Looking ahead, Telecom Italia's domestic plan focuses on improving performance in mobile, fixed line, and innovative services businesses, with a goal of increasing domestic EBITDA in 2011.
Highlights of the second quarter of 2009. Net sales amounted to SEK 27,482m (25,587) and income for the period to SEK 658m (99), or SEK 2.32 (0.36) per share. Net sales declined by 8.4%, in comparable currencies, due to continued sharp market downturn in Electrolux main markets.
HT Media reported strong results for 1QFY2011 with revenues growing 22% year-over-year to Rs. 402.8 crore, driven by growth in advertising, circulation, radio, and internet revenues. Operating profits grew 55% to Rs. 78.6 crore due to a 410 basis point expansion in operating margins to 19.5% on the back of a 520 basis point increase in gross margins. Net profits increased 43.5% to Rs. 40.2 crore despite a rise in taxes and fall in other income, aided by top-line growth and lower interest costs. The company continued to see traction in its new businesses such as radio and internet.
This document is AMD's 1999 Annual Report which provides an overview of the company's financial performance and operations. Some key points:
1) AMD had record revenue in Q4 1999 but overall posted a net loss for the year as it faced significant challenges from Intel in the PC processor market.
2) The introduction of the AMD Athlon processor was a success and helped AMD gain market share in the higher-performance PC processor sector.
3) AMD's focus is on the growing Flash memory and PC processor markets where it aims to compete with industry leader Intel by forming strategic partnerships and alliances.
- Baxter reported financial results for the second quarter and first half of 2005, with net sales increasing 8% for both periods compared to the prior year. Gross profit and operating income increased significantly due to special charges in the prior year that did not recur.
- Adjusted earnings figures, which exclude special items, showed higher operating income, net income, and EPS for both periods compared to the prior year.
- Cash flows from continuing operations for the quarter and first half of 2005 were positive. Net debt decreased from the beginning of the year due to positive cash flows, partially offset by capital expenditures, dividends, and other items.
ean Lobey Executive Vice President, Safety, Security and Protection Service B...finance10
Jean Lobey discusses 3M's Safety, Security, and Protection Services (SS&PS) business. In 2005, SS&PS generated $2.3 billion in sales and $553 million in operating income. SS&PS provides solutions across three markets: safety, security, and protection. 3M aims to drive over 8% annual growth for SS&PS through new product development, market expansion, adjacent market opportunities, and responding to world events. 3M is also focusing on penetrating developing markets and bringing SS&PS closer to customers through increased international manufacturing and labs.
Moe S. Nozari Executive Vice President, Consumer and Office Businessfinance10
Moe Nozari, Executive Vice President of 3M's Consumer & Office Business, outlined growth opportunities including new product platforms, core brands, key accounts, and international expansion. The business achieved 5-8% annual growth and outpaced industry competitors. Nozari highlighted 3M's category defining brands, innovative new products, strong customer relationships, and global supply chain as drivers of continued success.
George W. Buckley is the Chairman, President and CEO of 3M Company. The document provides an overview of 3M's 2008 outlook meeting, including discussions of the company's strategic focus on accelerating growth, premium returns and enhanced shareholder value. It summarizes 3M's financial performance in 2007, operational excellence initiatives, and outlook for double-digit earnings growth in 2008.
Brad T. Sauer, Executive Vice President, Health Carefinance10
This document provides an overview of 3M's Safety, Security and Protection Services business. It discusses the markets served, key growth strategies, new product innovations, and capacity expansion plans. The business aims to become a $10 billion leader in safety, security and protection products across multiple markets and customer groups. Key strategies include driving core growth through new products, pursuing adjacencies/M&A, expanding internationally, and growing special initiatives like tracking/tracing solutions and mining.
Jean Lobey, Executive Vice President, Safety, Security and Protection Servicesfinance10
This document provides an overview of 3M's Safety, Security and Protection Services business. It discusses the markets served, key growth strategies, new product innovations, and capacity expansion plans. The business aims to become a $10 billion leader in safety, security and protection products across multiple markets and customer groups. Key strategies include driving core growth through new products, pursuing adjacencies/M&A, expanding internationally, and growing special initiatives like tracking/tracing solutions and mining.
1) IBM's Global Business Services division aims to grow revenue faster than the market through business analytics, smarter solutions, cloud computing, and growth markets.
2) GBS will expand margins through shifting to higher value services and solutions, leveraging operational transformation initiatives, and improving delivery model efficiency.
3) From 2009 to 2015, GBS forecasts compound annual growth rates of 8-10% in operating pre-tax income and revenue, reaching $4 billion and continued profit expansion through these strategies.
Morgan Stanley Basic Materials Conferencefinance10
This document provides an overview of 3M's performance in 2005 and outlook for 2006 from the perspective of Pat Campbell, 3M's Senior Vice President and Chief Financial Officer, at the Morgan Stanley 2006 Basic Materials Conference.
Key highlights from 2005 include sales growth of 5.8% to $21.2 billion, EPS growth of 13.6% to $4.26, operating income growth of 9.4% to $5 billion, and economic profit growth of 11.3% to $2 billion. All business segments achieved positive organic local currency sales growth.
For 2006, 3M plans over $10 million in growth investments, primarily aimed at organic growth, and a 15% increase in capital expenditures.
The document outlines an agenda for a 10 year anniversary digital seminar hosted by TradeDoubler. The agenda includes: a welcome and networking session from 15:00-16:00; a presentation on international digital marketing trends from 15:30-16:00; a networking break from 16:00-16:15; a case study on Unicef's digital fundraising from 16:15-16:45; and a presentation on cross-channel marketing from 16:45-17:30. The seminar will conclude with a mingling session from 17:30-19:00.
CA Inc. (NASDAQ: CA) is one of the world’s leading global information technology (IT) management software companies. We help companies manage IT in all environments — mainframe, distributed, virtualized and cloud — to become more productive and better compete, innovate and grow their businesses.
How Customers Choose Solutions Providers 2009ITSMA
ITSMA, in partnership with Pierre Audoin Consultants (PAC), conducted the 2009 version of its acclaimed How Customers Choose research across three continents.
The document provides an overview of HP's IPG vertical approach to selling document workflow integration services. It discusses IPG's focus on specific vertical industries and identifying document-centric business problems. It also outlines the typical sales process, including conducting assessments, proofs-of-concept, and product implementations. Contact information is provided for IPG industry experts who can help with various sectors such as healthcare, financial services, and manufacturing.
1) The document discusses 3M's strategy for growth through customer value enhancement, continued commitment to operational excellence, and plans to drive higher earnings.
2) 3M aims to grow its core business, pursue complementary acquisitions, build new businesses through adjacencies and emerging business opportunities, and focus on international growth.
3) Near term actions to drive growth include capital investments in core manufacturing capacity expansions, 2006 acquisitions mostly of small companies, and a manufacturing strategy focused on strategic needs in the core or near adjacencies through bolt-on acquisitions.
Moe Nozari, Executive Vice President of 3M's Consumer & Office Business, discusses growth opportunities in this business segment. The division has a broad portfolio of well-known brands and has experienced long-term sales and profit growth. Nozari outlines key growth drivers including new product platforms, expanding core product lines, partnering with key accounts, and increasing international penetration. Examples of new product lines with growth potential highlighted are Filtrete air filters and purifiers, Command hooks, and Scotch cutting tools.
The document is a presentation from Neenah Paper, Inc. given at an investor conference in February 2012. It provides an overview of Neenah Paper, including:
1) Neenah Paper leads in performance-based technical products and high-end printing papers. It has two business segments: Technical Products and Fine Paper.
2) The company has successfully transformed its business mix and financial performance through strategic acquisitions and focus on specialty markets.
3) Neenah Paper has continued strong financial momentum, with top and bottom line growth, improving margins, and increasing return on capital. A recent acquisition is expected to further drive growth and value creation.
Citigroup 19th Annual Global Industrial Manufacturing Conferencefinance10
Pat Campbell, Sr. Vice President and CFO of 3M, presented at the Citigroup 19th Annual Global Industrial Manufacturing Conference. The presentation summarized 3M's financial results for 2005, including 5.8% sales growth to $21.2 billion and 13.6% EPS growth to $4.26. It also outlined 3M's strategy of driving growth through its technology platforms, global infrastructure, and presence in emerging markets.
This document is an investor presentation from AdEx Media. It begins with a safe harbor statement noting that the presentation contains forward-looking statements subject to risks and uncertainties. The presentation then provides an overview of AdEx Media, describing it as a pay-for-performance lead generation and commerce platform. It discusses AdEx's business model, technology platform, strategic partnerships, and proprietary reporting tools. Charts and graphs are included showing metrics like revenue, spend, margins, and returns over time for analysis.
The document discusses Marketo, a company that provides a revenue suite to help businesses with their marketing and sales. The suite includes tools for lead generation, nurturing, scoring and insights. It also provides life-cycle automation and reporting/analytics. The target market for Marketo includes over 44,000 companies spending $823 billion on marketing annually. Marketo has a SaaS-based business model with an average annual recurring revenue of $30,000 per customer. It has experienced rapid growth, with 500% growth in its second year of business. The document highlights one customer, Acteva, that used Marketo to launch a referral program, book $2 million in new revenue, and achieve a 350% return on
The document discusses Marketo, a company that provides a revenue suite to help businesses with their marketing and sales. The suite includes tools for lead generation, nurturing, scoring and insights. It also provides life-cycle automation and reporting/analytics. The target market for Marketo includes over 44,000 companies spending $823 billion on marketing. The business model involves an annual SaaS subscription with an average customer spending $30k annually. More than 180 customers are using Marketo successfully, including Acteva which generated $2 million in new revenue and a 350% ROI using Marketo's tools.
- Avnet reported record earnings per share of $0.69 for the first quarter of fiscal year 2008, representing 25% year-over-year growth.
- Revenue increased 12.3% year-over-year to $4.098 billion, driven by acquisitions.
- Both the Electronics Marketing and Technology Solutions segments saw revenue and profitability increases compared to the prior year quarter.
Morgan Stanley Basic Materials Conferencefinance10
1) 3M's international operations represent its largest growth platform.
2) In 2005, international sales grew 5.8% with organic local-currency growth of 4.1% and acquisitions contributing 1.0% to growth.
3) Asia Pacific sales grew 10.6% in local currency in 2005.
Patrick D. Campbell Senior Vice President and Chief Financial Officerfinance10
3M aims to accelerate growth to enhance shareholder value. The presentation outlines plans to achieve 5-8% organic local currency growth in traditional businesses through leveraging existing assets, pursue international expansion, and continue productivity initiatives. It also discusses growing new market adjacencies at a faster pace through acquisitions and new brands. Maintaining strong margins and returns on invested capital as growth increases is a key focus.
Inge G. Thulin Executive Vice President, International Operationsfinance10
This document discusses 3M's international operations and growth strategies. It notes that 3M has subsidiaries in 69 countries representing 61% of sales. Key points include:
1) 3M focuses on developing local market knowledge and solutions through its extensive international subsidiary network.
2) 3M pursues growth in both developed and developing markets by emphasizing customer success, operational excellence, and engaged employees.
3) 3M's customer technology centers allow it to collaborate closely with customers and develop local applications of its technologies.
George W. Buckley Chairman, President and Chief Executive Officerfinance10
George Buckley presents an emerging strategy for growth at 3M. He outlines 3M's core competencies in applying coatings to various backings using precision manufacturing. Buckley describes how 3M leverages its technology platforms across multiple markets through sharing technologies and an "adjacency lattice" approach. The strategy emphasizes growing 3M's core businesses, gaining scale in large markets, and increasing relative share in smaller markets through globalization and a focus on innovation.
George Buckley, Chairman and CEO of 3M, outlines the company's strategy for growth while maintaining premium margins. 3M will pursue growth through four principal elements: growing its current core business, complementary acquisitions, building new business through entrepreneurial ventures, and international expansion. 3M's core competencies in applying coatings to backings and micro-replication technologies position it for continued innovation across multiple industries.
George Buckley outlines 3M's strategy for sustainable growth. He discusses leveraging operational excellence through productivity initiatives to maximize profitability. 3M will focus on growing its core businesses, pursue complementary acquisitions, and develop new business opportunities through emerging business opportunities. The strategy aims to achieve 5-8% annual organic growth through international expansion, new markets, and customer value enhancement.
George Buckley discusses innovation and growth at 3M. Some key points:
1) 3M had strong sales and earnings growth in Q1 2007, with all business posting sales increases.
2) Buckley outlines 3M's strategy of growing its core businesses, making complementary acquisitions, building new businesses, and focusing on international growth.
3) Buckley emphasizes the importance of innovation, efficiency gains, and focusing on customers to drive profitable growth.
Morgan Stanley Global Industrials CEOs Unplugged Conferencefinance10
George Buckley presented on innovation and growth at 3M. He discussed 3M's strong financial results in the second quarter with sales growth of 8% and EPS growth of 17.1%. Buckley outlined 3M's plan to drive growth through reinvigorating R&D, accelerating international expansion, investing in supply chain capabilities, and acquiring companies to accelerate growth in core businesses. He emphasized 3M's focus on continuing to innovate, serve customers, and improve efficiency through initiatives like Six Sigma and Lean.
Credit Suisse 16th Annual Chemical Conference finance10
3M reported strong financial results for the second quarter of 2007, with sales growth of 8% and earnings per share growth of 17.1% compared to the same period last year. The company is focused on driving higher growth through initiatives like rebuilding R&D, improving the supply chain, and emphasizing growth in international markets. 3M's growth strategy includes investing in the core business, pursuing complementary acquisitions, building new businesses, and expanding internationally.
Brad T. Sauer, Executive Vice President, Health Carefinance10
Brad Sauer of 3M's Health Care Business presented on the health care market and 3M's strategy. Key points:
1) The global health care market is large, growing steadily due to aging populations and rising middle classes.
2) 3M has repositioned its health care portfolio to focus on higher-growth areas and is pursuing growth through new products, acquisitions, and expanding internationally.
3) 3M's strategy includes building new digital businesses in areas like medical diagnostics and oral care, as well as developing technologies like microneedles for drug delivery.
Patrick D. Campbell, Senior Vice President and CFOfinance10
The document provides an agenda for a two-day 3M investor conference. Day one includes presentations from several senior vice presidents on topics like financial results, health care business, and safety services. There will be product displays and tours of the 3M Innovation Center. Day two includes presentations on supply chain operations and tours of a pilot plant and main Hutchinson manufacturing plant. The document also provides forward-looking statements about 3M's financial projections and discloses risk factors that could affect results.
George W. Buckley, Chairman, President and CEOfinance10
George Buckley, Chairman and CEO of 3M, presented on the company's strategy for higher growth. Key points included:
1) 3M is rebuilding R&D, complementing its core through acquisitions, improving supply chain efficiency, and developing a more entrepreneurial culture to drive growth.
2) Over the past 18 months, 3M has invested in plants, acquisitions, R&D, and supply chain initiatives to accelerate growth.
3) 3M's growth strategy focuses on protecting its core business, pursuing adjacencies through M&A, and expanding into international markets.
3M is acquiring Aearo Company to expand its personal protection product offerings. Aearo is a leader in hearing, eye, and fall protection, which are areas 3M does not currently have strong positions in. The acquisition will make 3M a global leader in personal protective equipment across multiple industries. It provides opportunities for sales growth through 3M's global infrastructure and market synergies, as well as cost synergies of over $20 million per year. The $1.2 billion all-cash deal is expected to close in Q1 2008.
3M has a global abrasives business of $1.6 billion, with $1 billion coming from industrial abrasives that is growing at 8.4% annually. 3M Abrasive Systems Division has a long history in abrasives dating back to 1902 and has expanded its business through acquisitions. The division's vision is to be the first choice in abrasives and finishing solutions for customers through innovation and a focus on customers, efficiency, and growth opportunities in core businesses and adjacencies.
3M Industrial & Transportation Business provides solutions for industrial customers through 8 divisions including industrial adhesives and tapes, automotive aftermarket, abrasive systems, and more. It serves diverse global markets and has delivered solid sales growth and operating margin improvement through operational excellence. The business is 3M's leading provider of solutions vital to customer success and is the brand of choice in tapes and adhesives categories.
The document provides an overview of 3M Company's performance in 2007 and outlook for 2008 from the perspective of George Buckley, Chairman and CEO. Some key points:
- 3M overcame challenges like the sale of its pharmaceutical business but still delivered double-digit earnings growth in 2007.
- The company has a diverse portfolio of businesses that provides stability. It focuses on innovation, international expansion, and operational excellence.
- 3M expects to continue investing in growth while maintaining strong margins and returns through actions like acquisitions, supply chain optimization, and productivity gains.
The document summarizes Patrick Campbell's presentation at the 2008 Citigroup Global Industrial Manufacturing Conference about 3M Company's performance and outlook. The presentation highlights 3M's track record of accelerated growth, premium returns, and enhanced shareholder value. It also reviews 3M's recent financial performance, diverse business portfolio, international operations, innovation initiatives, and financial strength to support continued growth in 2008.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
1. Mike Kelly
Executive Vice President
Display & Graphics Business
1
2008 3M Outlook Meeting
2. Display & Graphics Building Blocks
Leading core businesses
Foundational
Sound historical financial performance
Strong customer relationships across markets
Manufacturing excellence and scale
Substantial IP
Investment in Optical Systems in 2008
Stabilizers
LCD market stabilization
Continued “cost-out” emphasis
Robust market space with significant growth potential
Growth
Enablers Healthy pipeline of new products and technologies across all
regions and markets
Supply chain gravity shifts and R&D globalization
2
2008 3M Outlook Meeting
3. Key Strategies for Display & Graphics
Accelerate international penetration of Traffic Safety Systems and
Commercial Graphics core products
Expand Traffic Safety Systems and Commercial Graphics service and
software segments
Maximize LCD film profitability and share through targeted film segmentation
Extend the Optical Systems franchise and horizon through new film
development
Align and leverage projection systems platforms
Leverage stewardship role of microreplication technology and film
manufacturing for 3M
Our Customers’ Preferred Supplier of Innovative Solutions
for Light Management and Visual Communications
3
2008 3M Outlook Meeting
4. Global Mega Trends Drive Our Display & Graphics Strategies
Aging Population
Evolution From Mass
Communication to
Infrastructure:
Targeted
Building in Emerging
Communication
Countries / Rebuilding
in Developed Countries
Continuous Technology
Increased Emphasis on Evolution Toward Flat
Energy Conservation & Displays & Wireless
Sustainability Communication
4
2008 3M Outlook Meeting
5. Moving to an Expanded Opportunity Footprint
- Expansion into new segments of
2-Step Adjacencies Light Management and Visual
Communication
- New business models
20X
- Organic and inorganic growth
strategies
- International penetration
1-Step Adjacencies - Organic growth platforms
- Benefit from M&A synergies
- Services expansion
4X
- Building on a solid foundation
Core - High shares in core spaces
Market - Strong OI% and ROIC relative to
industry
1X
Expanding Our Addressable Product and Service
Segments Into Faster Growth Spaces
5
2008 3M Outlook Meeting
7. Commercial Graphics Division
Premium Films
#1 Market Position
Interior Architectural Films
# 1 Market Position
Digital Signage
Emerging Segment
Promotional Films
#4 Market Position
Program Management Services
Emerging Segment
The Leading Global Provider of Graphic and Image Management
Solutions for On-premise and Transportation Graphics
7
2008 3M Outlook Meeting
8. Commercial Graphics Division
Markets Served
M&A / Re-branding
Commercial construction
Transportation
Advertising
Keys to Growth
Recreational vehicles
Maintain and grow core position in
films, inks, warranted graphics
Increase market focus
Broaden product portfolio to serve
new space
• Next generation films
• Digital signage
• “Image” program management
systems and services
8
2008 3M Outlook Meeting
9. Traffic Safety Systems Division –
Reflective materials for …
… High-performance road signs
… Wet-reflective
pavement markings
… Safer work zones
… More visible vehicles
The Leader in Transportation Safety and Mobility Solutions
9
2008 3M Outlook Meeting
10. Traffic Safety Systems Division –
Systems and Services for …
… Motor vehicle management software
… License plates, stickers
and production systems
… Roadway Maintenance Services
10
2008 3M Outlook Meeting
11. Our Newest Display & Graphics Business…
Precision Advanced Optical
Optics Systems
Projection
Systems
Department New era projection
Smaller imagers
Visual
Solid-state light
Systems sources
Miniature optics
Shared technology,
market access and
infrastructure
11
2008 3M Outlook Meeting
12. Optical Systems Division
Leading global supplier of brightness enhancement films
that transform the display of information anytime,
anywhere
Handheld devices
Computer Displays
LCD TV
Emerging applications – Ultra Mobile PC,
Automotive, Digital Signs
“Enhancing the Way You See the World”
12
2008 3M Outlook Meeting
13. LCD Business Evolution
Past: The Simple Life
- 3M offered innovative, high value products, IP protected
- Industry grew rapidly
- Competition was limited
Present: Big Business
- $60 Billion display industry, partially enabled by 3M
- More LCD applications
- Highly segmented market
- Intense prism film competition
Future: Sustainable OI Growth
- $100 Billion display industry projected by 2012
- LCD will remain the leading display technology
- 3M has a new product pipeline to meet industry needs
- 3M will bring more LCD contents to more segments
- 3M will continue its cost down strategy
13
2008 3M Outlook Meeting
14. BEF - Brightness Enhancement Film
BEF Recycles off axis light
Wasted Light
Without BEF
Dim
Light refracted
toward viewer
Wasted Light
Lamp
Wasted
off-axis light
reflected back
for recycling
BEF redirects
Bright light towards
the viewer
BEF Backlight
LCD
14
2008 3M Outlook Meeting
15. DBEF - Dual Brightness Enhancement Film
Without DBEF, 50% of backlight output is absorbed by the LCD
Transmit P1
Dim
Absorb P2
LCD Backlight
DBEF increases brightness by Reflecting & Recycling polarized light
P1
P2
Bright
Reflect
Recycle
P1
LCD DBEF Backlight
15
2008 3M Outlook Meeting
16. LCD Enhancement Films
2004 2008
Industry size $1.6 Billion Industry size $2.9 Billion
BEF+
APF
DBEF
BEF+DBEF
DBEF
DBEF
Prism Film
Coated Diffuser
Prism Film
Microreplicated Diffuser
*Source: DisplaySearch Coated Diffuser
Emergence of Value Segments
16
2008 3M Outlook Meeting
17. Global Microreplicated Film Supply / Demand
000 sqm
180,000
3M Estimate
160,000
140,000
120,000
100,000
3M Capacity
Competitor Capacity
80,000
Global Demand
60,000
40,000
20,000
0
2004 2005 2006 2007 2008 2009
3 7 15 20 25 20
Estimated # of Competitors
Excess Microreplicated* Film Supply * prism films +
microreplicated gain diffusers
Will Likely Drive Consolidation, But Not Yet …
17
2008 3M Outlook Meeting
18. 2008 New Products Include
Two new diffuser films for low end displays
Environmentally-friendly, non-halogenated BEFs
Ultra thin films for hand-helds, including multi-functional films
BEF + Diffuser multi-function film
High Gain BEF
High performance DBEF for LED systems
DBEF for Notebooks and Monitors
18
2008 3M Outlook Meeting
19. Value Proposition – By Application
Energy Quality Competition 3M Value
Performance
Handheld
• 3M quality enables • Lower quality ok
• Films extend • High
• Very high brightness
new delivery formats for bottom film
battery life
• Narrow view angle • 3M DBEF a very
26% important platform
• High resolution
• Thin
Monitor Notebook
• High brightness gain • Films extend • Low turning film • Turning film • Medium
17% • Narrow view angle battery life system yields • Growing prism
• Portability • 3M recognized film competition
• Thin & light quality advantage
• High brightness • Importance • Competitor films • Severe prism film • Low
12% • High contrast is starting to good enough competition
grow
LCD TV
• Difficult to yield large • Severe prism film • High/Medium
• Growing segmentation • TV power use
pieces competition
is high
• Wide view angle • 3M DBEF a very
45%
important platform
• Wide color gamut • DBEF lowers
power 30%
• High contrast
% of Total 3M LCD Sales
20. Display & Graphics 2008 Incremental OI Change
vs. Historical Average
($ in millions)
Inflation 2008
Lean Six Sigma Mix vs. 2007
Price Volume Cost Reduction All Other OI Change
$100
$40 to $60
$50 $10 to $30
$0
($50) ($30) to ($40)
($100)
($150)
($50) to ($150)
($110) to ($150)
($200) Most Likely = ($80M)
20
2008 3M Outlook Meeting
21. Optical Systems Cost Savings Programs
($ Millions)
160
140
120
100
80
60
40
20
0
2005 2006 2007 2008
Accelerate Lean Six Sigma Savings to
Help Offset 2008 Price Impact
21
2008 3M Outlook Meeting
22. 2008 Optical Systems Top Cost Reduction Projects
$25,000,000
$20,000,000
Lean $15,000,000 cost reduction projects generate > 10% cost of sales
Six Sigma
to help offset price down and material & labor inflation
$10,000,000
For example:
$21.5M Decatur DBEF yield improvement
$5,000,000
$14.5M Asia source of supply optimization
$0
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22
2008 3M Outlook Meeting
24. LCD Industry Outlook
Near term
Constrained supply
Accelerating capacity expansion
Low to moderate panel price down until 2009
Digital TV transition
Actual effect still unknown
TV demand will increase causing LCD mix to shift to TV
New capacity comes online in 2009 to meet new demand
24
2008 3M Outlook Meeting
25. Optical Film Industry Outlook
Near term
Excess supply
Newcomers try to buy way in with aggressive pricing
Continued margin pressure
OEMs indicating need to consolidate prism suppliers in 2008
More industry consolidation expected by 2010
Excess capacity likely at least through 2009
Innovative, Stable Suppliers Will Weather
the Evolving Market Climate
25
2008 3M Outlook Meeting
26. Foresight – 3M’s point of view on the future
LCD remains a substantial part of the portfolio
<20% of displays are non-CRT today so still a large opportunity , But…
• New products must reduce total delivered cost of displays!
• New products must be aligned to trends, such as energy consumption
• 3M is in the midst of reinventing LCD films
• Meanwhile, must fight for film share in 2008
New technologies are emerging and creating opportunity
Solid state lighting
•
New emissive displays
•
Digital signage and interactive environments
•
Optics will become even more ubiquitous
•
Thoughtful Diversification Can Drive Faster Growth
26
2008 3M Outlook Meeting
27. 2008 Display & Graphics Outlook
Commercial Graphics and Traffic Safety Systems are expected
to deliver another good year of outstanding sales and profit
growth
• Mid-single digit top-line
Investing in Optical Systems franchise growth
Innovation: driving new products, becoming • Likely OI margin of
24.5% to 25.5% for D&G
even more important to our customers
• $50-150M reduction
Competitiveness: relentlessly attacking yield
in pre-tax income in 08
and waste in manufacturing via Lean Six
• Securing 3M leadership
Sigma; resetting prices to fully capture market
position in an important
trends and growth
growth market
We Remain Extremely Bullish on
Display & Graphics Business and Markets
27
2008 3M Outlook Meeting