<PAGE>
[PHOTO OF PETER D. KINNEAR APPEARS HERE] Peter D. Kinnear
Vice President &
General Manager,
Exploration and Production
FMC
<PAGE>
Energy Systems
2000 Forecast
[PIE CHART]
Energy Systems
28%
$1.1B
Food & Transportation
21%
Industrial Chemicals
20%
Specialty Chemicals
13%
Agricultural Products
18%
Total FMC Sales = $3.9 Billion
FMC
<PAGE>
Energy Systems
Segment Capital Employed
[PIE CHART]
Food & Transportation
15%
Industrial Chemicals
26%
Specialty Chemicals
23%
Agricultural Products
20%
Energy Systems
16%
Total September 2000 capital employed = $2.7 Billion
FMC
<PAGE>
Energy Systems
Segment Sales($M)
[Bar Graph A]
1,400
1,320.9
1,200
1,144.3
1,129.4 --
1,000
949.0
800
600
400
1996 1997 1998 1999 2000 Fcst
Segment EBIT($M)
[Bar Graph B]
100
97.1
95.2
80 --
76.5
60
33.9
40
20
0
1996 1997 1998 1999 2000 Fcst
FMC
<PAGE>
FMC's Energy Business Well
Positioned
- Sales over $1 billion
- Historically high oil and gas prices
- E&P spending increasing
- Products critical to our customers
- Earning returns above the cost of capital
FMC
<PAGE>
FMC's Two Energy Segments
- Exploration and Production
- Transportation and Processing
FMC
<PAGE>
Exploration and Production
[PHOTO OF SURFACE TREE APPEARS HERE]
Surface Tree
[PHOTO OF SUBSEA TREE WITH CONTROLS APPEARS HERE]
Subsea Tree with Controls
[PHOTO OF SUBSEA MANIFOLDS APPEARS HERE]
Subsea Manifolds
[PHOTO OF FLOATING PRODUCTION STORAGE AND OFFLOADING/TURRET MOORING SYSTEM
APPEARS HERE]
Floating Production Storage and Offloading/Turret Mooring System
[PHOTO OF MINI TENSION LEG PLATFORM APPEARS HERE]
Mini Tension Leg Platform
[PHOTO OF INTEGRATED DEVELOPMENTS APPEARS HERE]
Integrated Developments
FMC
<PAGE>
Transportation and
Processing
[PHOTO OF MEASUREMENT SOLUTIONS APPEARS HERE]
Measurement Solutions
[PHOTO OF BLENDING & TRANSFER APPEARS HERE]
Blending & Transfer
[PHOTO OF PRODUCTION MANIFOLD SYSTEMS APPEARS HERE]
Production Manifold Systems
[PHOTO OF LOADING SYSTEMS APPEARS HERE]
Loading Systems
[PHOTO OF MARINE TERMINALS APPEARS HERE]
Marine Terminals
FMC
<PAGE>
Energy Products
Market Market
Position Size ($M)
-------- ---------
Subsea Systems 1 1,300
Loading Systems 1 200
Flowline Products 1 150
Production Manifold Systems 1 85
Measurement Solutions 2 550
Surface Wellheads 2 950
Marine Terminals 2 140
FPSO Turret Mooring Systems 2 560
Blending & Transfer 2 135
FMC
<PAGE>
Growth Driven by R&D and Acquisitions
Over $120M in R&D Invested 1993-2000 ($ Millions)
[GRAPH APPEARS HERE]
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
'87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99
Sales 172 225 245 323 384 408 440 478 708 820 1013 1255 1129
R&D Spending 3 5 7 7 9 9 9 10 12 16 20 24 33
'87 - '88 Improved family of Gate Valves
'89 - '92 Subsea Investments
'93 Kongsberg SOFEC
'95 National Oilwell Manifold
'96 Smith Meter
'97 Deepwater Investments
'98 CBV Brazil
'99 MAE PECO MODEC
'00 Loke Norway
'00 Continuing Deepwater Investment
</TABLE>
FMC
<PAGE>
Exploration and Production
Technology
Emerging technologies with the most impact on E&P spending
'94 '97 '99
3D Seismic Technology 75% 58% 71%
Horizontal/Directional Drilling 53% 27% 37%
Subsea/Floating Production/Deepwater 7% 21% 27%
Source: Salomon, Smith Barney
FMC
<PAGE>
Transportation and Processing
Technologies
[PHOTO OF A CORIOLIS FLOWMETER APPEARS HERE]
Coriolis Flowmeter
[PHOTO OF AN ULTRASONIC FLOWMETER APPEARS HERE]
Ultrasonic Flowmeter
[PHOTO OF AN OFFSHORE LNG LOADING SYSTEM APPEARS HERE]
Offshore LNG
Loading System
FMC
<PAGE>
Deepwater Basins
Top 3 Deepwater Plays
Identified Prospects
(Billion of Barrels Oil Equivalent)
West Africa 6.0
Gulf of Mexico 5.2
Brazil 4.2
Source: Douglas - Woodward Ltd 2000
FMC
<PAGE>
Deepwater Activity Levels
(> 1500 ft)
[BAR GRAPH APPEARS HERE]
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1992 1993 1994 1995 1996 1997 1998 1999
Wells Drilled (>1500') 39 41 85 84 107 120 178 202
Discoveries (>1500') 9 10 16 12 31 28 31 62
Source: Offshore Data Services
</TABLE>
FMC
<PAGE>
Subsea Completions Forecast
[GRAPH APPEARS HERE]
Number of trees (approximate plot points)
Source: Douglas-Westwood Limited 2000
FMC
West Africa Gulf of Mexico Brazil North Sea Asia Pacific
'95 40 40 40 20 0
-----------------------------------------------------------------
'96 55 55 50 25 15
-----------------------------------------------------------------
'97 50 50 50 20 0
-----------------------------------------------------------------
'98 100 100 80 40 2
-----------------------------------------------------------------
'99 170 160 140 70 5
-----------------------------------------------------------------
'00 150 140 120 60 0
-----------------------------------------------------------------
'01 160 130 100 40 5
-----------------------------------------------------------------
'02 200 150 120 50 10
-----------------------------------------------------------------
'03 240 180 130 60 20
-----------------------------------------------------------------
'04 260 210 140 60 25
-----------------------------------------------------------------
<PAGE>
1999 Revenue Mix*
[Pie Chart]
Loading Systems $65M
Fluid Control $86M
Surface Wellheads $120M
Metering & Other $194M
Sofec Mooring Systems $102M
Subsea $563M
* Modec Joint Venture Floating Production not consolidated
FMC
<PAGE>
Subsea Completions by Operator
2000 to 2004
Predominantly FMC Accounts
[Barchart]
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Petrobras Total Fina Elf BP Norsk Hydro ChevronTexaco Shell
No. Completions 250 225 150 120 102 100
Statoil ExxonMobil Amerada Hess British Gas
No. Completions 80 80 26 25
</TABLE>
Source: Quest Offshore
FMC
<PAGE>
Industry Consolidation
Consolidation among oil companies
- Competitive dynamics have driven consolidation
+
- Further outsourcing by major oil companies
+
- Selection of vendors that can provide package of related services
+
Alliances / Integrated Solutions
FMC
<PAGE>
FMC's Key Alliances
Customer Product
----------------------------------------------------------------
Agip Subsea
BP-Latin America/Alaska Surface Wellhead
ExxonMobil Lube Blending
Norsk Hydro Subsea/Metering
Schlumberger Flowline Products
Shell-USA Subsea
Statoil Subsea/Metering
FMC
<PAGE>
FMC EnergySystems
<PAGE>
Energy Systems Panel
Peter D. Kinnear Vice President and General Manager
Exploration and Production
Robert L. Potter General Manager
Transportation and Processing
Bradley D. Beitler General Manager
Western Hemisphere Subsea
Tore Halvorsen General Manager
Eastern Hemisphere Subsea
FMC
