<PAGE>
______________________________________________________________________
[PHOTO OF RANDALL WOODS] Randall Woods
Director,
Investor Relations
FMC Corporation
______________________________________________________________________
<PAGE>
__________________________________________________________
Agenda
Corporate Overview 8:30
Energy Systems 9:50
Break 10:l0 - 10:30
Food and Transportation 10:30
Agricultural Products Group 11:00
Specialty Chemicals Group 11:30
Industrial Chemicals Group 12:00
Closing Comments 12:30
Lunch 12:45
__________________________________________________________
<PAGE>
________________________________________________________________________
Statement under the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995: These slides and the
accompanying presentations contain "forward-looking
statements," which represent managment's best judgement as of the
date hereof based on information currently available. Actual
results of the Company may differ materially from those
contained in the forward-looking statements. Additional
information concerning factors that may cause results to
materially differ from those in the forward-looking statements
is contained in the Company's periodic reports filed under the
Securities Exchange Act of 1934, as amended. The Company
undertakes no obligation to update or revise these
forward-looking statements to reflect new events or uncertainties.
_________________________________________________________________________
<PAGE>
__________________________________________________________________
[PHOTO OF ROBERT N. BURT] Robert N. Burt
Chairman and Chief Executive Officer,
FMC Corporation
__________________________________________________________________
<PAGE>
___________________________________________________
Joseph H. Netherland
[PHOTO
OF President,
JOSEPH H. FMC Corporation
NETHERLAND]
___________________________________________________
<PAGE>
___________________________________________________
FMC Corporation
Results Since Our 1998 Analysts' Meeting
November 2000
___________________________________________________
<PAGE>
_____________________________________________________
Corporate Strategy Study: Basic Conclusions
Distinctive Traits of Premium
Conglomerates
1. Consistently grow earnings
2. Grow from a high ROI base
3. Report few surprises
4. Invest in high ROI businesses and
actively manage the portfolio
_____________________________________________________
<PAGE>
_____________________________________________________
Corporate Strategy Study: Basic Conclusions
Distinctive Traits of Successful
Multi-Industry Companies
1. Consistently grow earnings
2. Grow from a high ROI base
3. Report few surprises
4. Invest in high ROI businesses and
actively manage the portfolio
_____________________________________________________
<PAGE>
-------------------------------------------------
Basic Conclusion/FMC Performance
Successful Multi-Industry Companies
Display Consistent Quarterly Earnings
Growth Over Time
[Graph]
Earnings Per Share
1997 $4.13
1998 $5.31
1999 $6.03
2000 $6.65
-------------------------------------------------
<PAGE>
____________________________________________________
Corporate Strategy Study: Basic Conclusions
Distinctive Traits
1. Consistently grow earnings
2. Grow from a high ROI base
3. Report few surprises
4. Invest in high ROI businesses and
actively manage the portfolio
____________________________________________________
<PAGE>
----------------------------------------------------
ROI (After Tax)
[GRAPH]
1997 9.6%
1998 12.1%
1999 12.5%
2000 13.6%
2001 15.0%
2002 15.0%
____________________________________________________
<PAGE>
---------------------------------------------------
Corporate Strategy Study: Basic Conclusions
Distinctive Traits
1. Consistently grow earnings
2. Grow from a high ROI base
3. Report few surprises
4. Invest in high ROI businesses and
actively manage the portfolio
----------------------------------------------------
<PAGE>
_________________________________________________________________________
Forecast Earnings
[GRAPH]
1988 - 1997 43%
1998 - CURRENT 91%
_________________________________________________________________________
<PAGE>
________________________________________________________________________
Corporate Strategy Study: Basic Conclusions
Distinctive Traits
1. Consistently grow earnings
2. Grow from a high ROI base
3. Report few surprises
4. Invest in high ROI businesses and
actively manage the portfolio
________________________________________________________________________
<PAGE>
_____________________________________________________________________
Basic Conclusion/FMC Performance
Divestitures
(1998 - 2000 to date)
Business
----------------------------
Process Additives
Crosby Valve Total Dollar Value
BioProducts of Divestitures
Converting product line
Traveling water screens $410M
Water treatment equipment product line
Exhausted lithium mine
P\2\S\5\ product line
Tomato harvesting product line
Bronze bearings
_____________________________________________________________________
<PAGE>
________________________________________________________________
Basic Conclusion/FMC Performance
Acquisitions and JV's
(1998 - 2000 to date)
Business
-----------------------
Pronova
CBV Total Dollar Value
TG Soda of Acquisitions
Northfield
MODEC $436M
PECO metering product line
Towbarless tug
LOKE (Energy Systems software)
Three others
Astaris
________________________________________________________________
<PAGE>
__________________________________________________________________
Basic Conclusion/FMC Performance
Consistently Invest in High ROI
Businesses
(1998-2000)
To businesses To businesses
with with
ROI *10.5% ROI **10.5% Total
-------------- -------------- ------
CAPEX $ 185M $ 44M $ 229M
environmental
CAPEX non $ 162M $ 388M $ 550M
environmental
Acquisitions $ 92M $ 344M $ 436M
Divestitures ($ 370M) ($ 40M) ($ 410M)
Total $ 69M $ 736M $ 805M
** more than
* less than
__________________________________________________________________
<PAGE>
____________________________________________________
Where We Are Headed...
____________________________________________________
<PAGE>
__________________________________________________________________
FMC Energy Systems
. 1999 Results
- Sales: $1,129M
- EBIT: $97M [PHOTO OF ENERGY SYSTEMS EQUIPMENT]
- Capital employed:
$439M
__________________________________________________________________
<PAGE>
_________________________________________________________________
Food and Transportation Systems
. 1999 Results
- Sales: $826M
- EBIT: $64M [PHOTO OF FOOD EQUIPMENT]
- Capital employed:
$370M
_________________________________________________________________
<PAGE>
______________________________________________________
Airport Products and Systems
[PHOTO OF AIRPORT PRODUCTS]
_________________________________________________
<PAGE>
________________________________________________________________
Agricultural Products
. 1999 Results
- Sales: $632M [PHOTO OF AGRICULTURAL PRODUCTS]
- EBIT: $64M
- Capital employed:
$552M
_________________________________________________________________
<PAGE>
______________________________________________________________________
FMC Specialty Chemicals
. 1999 Results
- Sales: $565M
- EBIT: $73M [PHOTO OF SPECIALTY CHEMICALS PRODUCTS]
- Capital employed:
$653M
______________________________________________________________________
<PAGE>
________________________________________________________________________
FMC Industrial Chemicals
. 1999 Results
- Sales: $978M
- EBIT: $144M [PHOTO OF INDUSTRIAL CHEMICALS PRODUCTS]
- Capital employed:
$818M
________________________________________________________________________
