{\rtf1\deflang1033\deflangfe1033\margl720\margr720\margt360\margb360{\stylesheet{\fs20\lang1033\snext0 Normal;} {\s1\sb240\keepn{\*\pn \pnlvl1\pndec\pnprev1\pnstart1\pnsp144}\b\f0\fs30\lang1033 \sbasedon0\snext0 heading 1;} {\s2\sb200\keepn{\*\pn \pnlvl2\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs26\lang1033 \sbasedon0\snext0 heading 2;} {\s3\sb180\keepn{\*\pn \pnlvl3\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 3;} {\s4\sb160\keepn{\*\pn \pnlvl4\pnucltr\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 4;} {\s5\sb140\keepn{\*\pn \pnlvl5\pncltr\pnprev1\pnstart1\pnsp144}\b\f0\fs20\lang1033 \sbasedon0\snext0 heading 5;} {\s6\tqc\lang1033\sbasedon0\snext6 footer;} {\*\cs16 \additive\super\sbasedon10 footnote reference;} {\*\cs18 \additive\sbasedon10 page number;}} {\fonttbl{\f0\fnil Times New Roman;}{\f1\fnil Courier New}{\f2005\fnil Courier New;}{\f2010\fnil Wingdings;}{\f2020\fnil Webdings;}{\f2\fnil Arial;}{\f3\fnil Arial;}{\f4\fnil LucidaHandwriting;}{\f5\fnil Symbol;}{\f6\fnil Symbol;}{\f7\fnil Ferdsch;}{\f30\fnil Myriad Cn Semibold;}{\f31\fnil Myriad Roman;}{\f50\fnil Courier New;}{\f51\fnil Times New Roman;}{\f52\fnil Arial;}{\f53\fnil Symbol;}{\f54\fnil Wingdings;}{\f55\fnil Wingdings 2;}{\f56\fnil Wingdings 3;}{\f57\fnil Webdings;}{\f58\fnil Arial Narrow;}{\f59\fnil Arial Unicode MS;}{\f60\fnil Cyberbit;}{\f61\fnil Morningstar 1U Light;}{\f62\fnil Calibri;}} {\colortbl;\red0\green0\blue0;\red127\green0\blue0;\red0\green0\blue255;\red127\green127\blue127;\red0\green51\blue153;\red255\green204\blue0;\red255\green255\blue255;\red246\green244\blue236;\red0\green0\blue0;} {\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNITED STATES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES AND EXCHANGE COMMISSION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Washington, D.C. 20549 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FORM 8-K \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CURRENT REPORT \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to Section 13 or 15 (d) of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Exchange Act of 1934 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date of Report (Date of earliest event reported) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql September 4, 2003 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Exact name of registrant as specified in its charter) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Delaware 1-16489 36-4412642 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------- ---------------------- ---------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (State or other jurisdiction (Commission (I.R.S. Employer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of incorporation) File Number) Identification No.) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 200 East Randolph Drive, Chicago, Illinois 60601 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Address of principal executive offices) (Zip Code) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (312) 861-6000 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrant's telephone number, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql including area code \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}{\*\bkmkstart item_1_47_1}{\*\bkmkend item_1_47_1}\pard\plain\cf1\f50\fs16\ql Item 7. Financial Statements and Exhibits. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) Exhibits. The following exhibit is furnished as part of this report: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 99.1 Slides for FMC Technologies, Inc. Presentation at Lehman \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Brothers CEO Energy/Power Conference on September 4, 2003. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}{\*\bkmkstart item_1_45_1}{\*\bkmkend item_1_45_1}\pard\plain\cf1\f50\fs16\ql Item 9. Regulation FD Disclosure. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql See Item 12. Results of Operations and Financial Condition. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart part_1_2_3}{\*\bkmkend part_1_2_3}{\*\bkmkstart item_1_30_1}{\*\bkmkend item_1_30_1}\pard\plain\cf1\f50\fs16\ql Item 12. Results of Operations and Financial Condition. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Representatives from FMC Technologies, Inc. will make a presentation at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Lehman Brothers CEO Energy/Power Conference in New York, New York on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql September 4, 2003. Presenters at this conference will include Joseph H. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Netherland, Chairman, President and Chief Executive Officer, FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Technologies, Inc. and William H. Schumann, III, Senior Vice President, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Financial Officer and Treasurer, FMC Technologies, Inc. Slides \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql containing information to be presented at the meeting are attached hereto \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as an exhibit to this report and are incorporated herein in their entirety \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by this reference. These slides may also be accessed at the company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql website (www.fmctechnologies.com). Certain information depicted on Slide \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql No. 6 "Revenue Growth Drivers" may be deemed to provide supplemental \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information concerning the financial results of a completed fiscal period \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of FMC Technologies, Inc. The above information is being furnished under \par\pard\plain\fs16{\*\bkmkstart part_1_2_4}{\*\bkmkend part_1_2_4}{\*\bkmkstart item_1_45_2}{\*\bkmkend item_1_45_2}\pard\plain\cf1\f50\fs16\ql Items 9 and 12 of Form 8-K and is not deemed "filed" for purposes of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 18 of the Securities Exchange Act of 1934, as amended, is not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subject to the liabilities of that section and is not deemed incorporated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by reference in any filing under the Securities Act of 1933, as amended. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The posting and furnishing of this information is not intended to, and does \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not, constitute a determination by FMC Technologies, Inc. that the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information is material or that investors should consider this information \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql before deciding to buy or sell FMC Technologies, Inc. securities. \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16{\*\bkmkstart part_1_2_5}{\*\bkmkend part_1_2_5}\pard\plain\cf1\f50\fs16\ql SIGNATURE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to the requirements of the Securities Exchange Act of 1934, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrant has duly caused this report to be signed on its behalf by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql undersigned thereunto duly authorized. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By /s/ William H. Schumann, III \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql William H. Schumann, III \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Vice President, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Financial Officer and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Treasurer \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date: September 3, 2003 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies Exhibit 99.1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Lehman Brothers \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql September 2003 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Presenters: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Joe Netherland CEO \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Bill Schumann CFO \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investor Relations Contact: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Maryann Seaman Ph: (312) 861-6414 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql maryann.seaman@fmcti.com \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [3 Photos of Equipment] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql These slides and the accompanying presentation contain "forward-looking" \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements, which represent management's best judgment as of the date hereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql based on information currently available. Actual results of the Company may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql differ materially from those contained in the forward-looking statements. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Additional information concerning factors that may cause results to materially \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql differ from those in the forward-looking statements is contained in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's periodic reports filed under the Securities Exchange Act of 1934. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company undertakes no obligation to update or revise these forward-looking \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements to reflect new events or uncertainties. \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies at a Glance \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies is a global leader in the design, manufacture and supply of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mission-critical technology for the energy, food and aviation industries \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [4 photos of equipment] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Production Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Subsea Trees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Surface Wellheads \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Manifolds \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Control Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Floating Production Systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Processing Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Fluid Control \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Loading Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Measurement Solutions \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FoodTech \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Citrus Extractor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Freezing Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Sterilization Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Convenience Food Systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Loaders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Deicers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Passenger Boarding Bridges \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 Revenues \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Production Systems 45% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Processing Systems 19% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FoodTech 24% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems 12% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 3 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Strong Financial Results \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Systems growth Drives Earnings per Share \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Operating Segment EBIT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 Airport 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 FoodTech 40 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 Energy 72 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 Airport 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 FoodTech 43 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 Energy 77 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E Airport 9 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E FoodTech 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E Energy 97 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amounts represent net income per diluted share before the cumulative effect of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an accounting change. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Earnings per Share \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 $0.82 (pro forma) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 $0.96 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E $1.05-$1.15 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reconciliation of Non-GAAP measures & GAAP measures \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FY2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income per diluted share (pro forma basis) $0.82 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Add: Pro forma incremental interest expense 0.07 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Less: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Restructuring and asset impairment charges (0.16) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income taxes related to separation from FMC (0.13) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income per diluted share before cum. affect of acct. changes (GAAP basis) $0.60 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E of $1.05 - $1.15 from Company Guidance during 2Q Conference Call \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [1 photo of equipment] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leading technology and industry positions across major product lines \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in growing subsea and deepwater market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Proven track record of growth with high return on capital \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 5 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Industry Positions \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Engery Systems Industry Position \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Production Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Systems 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surface Products 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Floating Production (Mooring Systems) 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Separation Systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Processing Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fluid Control 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Loading Systems 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Measurement Solutions 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Simmons & Co. Informational, Boston Consulting Group, Spears and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Associates, Quest, FMC Technologies Internal \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 6 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Revenue/Earnings Growth Drivers \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Systems 2002 Sales \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart #1] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Secular Sales Growth Driven by Subsea \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Approx 55% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rig Count Related Approx 35% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other Approx 10% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart #2] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cyclical Sales Growth Driven by U.S./International Rig Count \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surface Approx 40% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fluid Control Approx 35% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Loading Systems Approx 10% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Measurement Systems Approx 15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 7 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Industry Positions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Table] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Industry Position \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FoodTech \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Citrus Extractors 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Convenience Food Systems 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Freezing Technologies 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sterilization Technologies 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cargo Loaders 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Passenger Boarding Bridges 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Military Loader \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Image] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Flat Product Freezer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Image] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sources: McKinsey, FMC Technologies Internal \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 8 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leading technology and industry positions across major product lines \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in growing subsea and deepwater market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Proven track record of growth with high return on capital \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [3 photos of equipment] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 9 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Deepwater/Subsea Position \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Broadest subsea systems capabilities within our peer group \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in deepwater technology \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Growing market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Well positioned with the major subsea E&P companies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Well positioned in major producing basins \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Offshore Capabilities \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Color Illustrations] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Metering & Control Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surface Well Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Drilling Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Light Well Intervention \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Tension Leg Platforms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Floating Production Storage & Offloading Vessels \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Turret Mooring Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Standard Subsea Trees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Processing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Smart Well Control Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Template Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ROV Tie-In Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Manifold \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Guidelineless Deepwater Trees \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 11 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Strong Deepwater Track Record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Graph] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1980 Bonito RJS-39 189m FMC 619 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1983 Pirauna RJS-232 293m Kvaerner 961 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1985 Marimba RJS-284 383m FMC 1,256 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1988 Marimba RJS-376D 492m FMC 1,613 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1988 Placid Green Canyon 31 684m ABB 2,244 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1992 Marlim MRL-9 781m FMC 2,561 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 Marlim MRL-4 1027m FMC 3,368 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 Shell Mensa 1618m FMC 5,308 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 Marlim Sul MLS-3 1709m ABB 5,605 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 Roncador RJS-436 1853m FMC 6,080 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 Petrobras Roncador 1877m ABB 6,157 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 Marathon Camden Hills 2197m Cameron 7,209 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2004 Shell Coulomb 2316m FMC 7,600 ft \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 12 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Technology Leadership \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Offshore Technology Conference Distinguished Achievement Award Winners \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 1997 Amoco - Liuhua Project \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 1998 Shell - Mensa Project \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 1999 BP - Foinhaven Project \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 2000 Kerr-McGee - Neptune Spar Project \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 2001 Petrobras - Roncador \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 2002 ExxonMobil - Hoover/Diana Project \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 2003 Total - Girassol Project \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 13 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CDS Acquisition - Continuing to Build the Subsea Portfolio \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Adds high growth - high margin business \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Proven and patented industry leading separation technology \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Current products access growing offshore market segments \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql .Separation systems for new build FPSO's and fixed platforms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql .Retrofit upgrade of existing platforms and FPSO's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Growth opportunity - Subsea processing \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Acquired 55% controlling ownership for $48M \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Marginally accretive in 2003 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Remaining 45% to be acquired in 2009 for slightly less than 6.5X the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql average of 2007 and 2008 EBITDA \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 14 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Well Positioned in Major Producing Basins \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Points on world map] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Gulf of Mexico \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Brazil \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . North Sea \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . W. Africa \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 15 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Well Positioned with the Major Subsea Players \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Completions by Operator 2002 to 2008 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Graph] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Installations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [approximate plot \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql point on graph] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total* 455 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Petrobras* 399 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ExxonMobil* 304 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BP* 275 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Royal Dutch/Shell* 243 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Norsk Hydro* 136 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statoil* 122 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chevron Texaco 121 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Conoco/Phillips* 87 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unocal* 76 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amerada Hess 63 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Kerr-McGee* 55 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Wapet 54 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Marathon Oil 52 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BHP Billiton 51 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agip* 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Murphy Oil 38 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sakhalin Coop 34 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql British Gas 33 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Woodside* 31 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Anadarko* 30 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INPEX 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Husky Oil 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PetroCanada* 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Samedan Oil 16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Predominantly FTI accounts \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Quest Offshore \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Strong Financial Results \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Earnings Growth Drives Strong Cash Flows \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Earnings per Share \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 $0.82 (pro forma) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 $0.96 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E $1.05-$1.15 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Net of Cash \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Net of Cash Synthetic Leases \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 01-01-01 (pro forma) 301 69 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12-31-01 245 66 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12-31-02 203 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 06-30-03 192 - \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amounts represent net income per diluted share before the cumulative effect of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an accounting change. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reconciliation of Non-GAAP measures & GAAP measures \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FY2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income per diluted share (pro forma basis) $0.82 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Add: Pro forma incremental interest expense 0.07 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Less: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Restructuring and asset impairment charges (0.16) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income taxes related to separation from FMC (0.13) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income per diluted share before cum. affect of acct. changes (GAAP basis) $0.60 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E of $1.05 - $1.15 from Company Guidance during 2Q Conference Call \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql At January 1, 2001, net debt is presented on a pro forma basis as defined in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Separation and Distribution Agreement with FMC Corporation. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 17 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Growing Earnings \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Earnings Per Share Data) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unaudited \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ---------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Q1 Q2 Q3 Q4 Full Year \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ---------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 2001 (pro forma) $ 0.06 $ 0.19 $ 0.25 $ 0.32 $ 0.82 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ---------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 2002 $ 0.08 $ 0.27 $ 0.25 $ 0.36 $ 0.96 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ---------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 2003E $ 0.14 $ 0.34 $1.05- \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql $1.15 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ---------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amounts represent net income per diluted share before the cumulative effect of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an accounting change. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reconciliation of Non-GAAP measures & GAAP measures \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Q1 2001* Q2 2001* Q3 2001 Q4 2001 FY 2001 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Income per diluted share (pro forma basis) $ 0.06 $ 0.19 $ 0.25 $ 0.32 $ 0.82 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Add: Pro forma incremental interest expense 0.04 0.03 - - 0.07 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Less: \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Restructuring and asset impairment charges (0.10) - (0.06) - (0.16) \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Income taxes related to separation from FMC (0.05) (0.06) (0.02) - (0.13) \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Other (0.01) 0.01 - - - \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Income per diluted share before cum. effect of $(0.06) $ 0.15 $ 0.15 $ 0.32 $ 0.60 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql acct. changes (GAAP basis) \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql ------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Results relating to periods prior to June 1, 2001 were carved out from the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consolidated financial statements of FMC. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E of $1.05 - $1.15 from Company Guidance during 2Q Conference Call \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 18 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Strong cash flow has reduced debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [BAR CHART] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ($M) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Net Synthetic \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date of Cash Leases Total \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---- ------- ------ ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 01-01-01 (Pro-forma) $ 301 $ 69 $ 370 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12-31-01 $ 245 $ 66 $ 311 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12-31-02 $ 203 $ 37 $ 240 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 06-30-03 $ 192 - $ 192 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql At January 1, 2001, net debt is presented on a pro forma basis as defined in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Separation and Distribution Agreement with FMC Corporation. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 19 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Focused on Returns \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Return on Capital) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 2002 2003E \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---- ---- ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Low 6% N.M. 5% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Median 12% 6% 11% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql High 17% 11% 13% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FTI 14% 14% 14% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Data Set \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Baker Hughes \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dril-Quip \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cooper Cameron \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Halliburton \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Schlumberger \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Smith International \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Varco International \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Weatherford International \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reconciliation of Non-GAAP measures and GAAP measures: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Return on capital is un-levered net income divided by average capital \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql employed. Capital Employed is total assets less non-debt current \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liabilities, minority interest, goodwill and intangibles. Year 2003E Net \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income based on First Call Estimate * Common shares outstanding, except for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FTI which is company guidance. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Un-levered Net Income adjusted to exclude restructuring and impairment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges as well as interest expense for each company. FTI un-levered net \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql income reconciliation to GAAP follows: \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 2002 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---- ---- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Un-levered net income (a non-GAAP Measure) $ 67.3 $ 72.7 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Less after-tax adjustments: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Interest expense (8.6) (8.6) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Restructuring & Impairment charges (10.4) - \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income taxes related to separation from FMC (8.9) - \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cumulative effect of accounting changes (4.7) (193.8) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net Income (GAAP Basis) $ 34.7 $(129.7) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Sources: Compustat, First Call \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 20 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In Summary \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A "New" Oilfield Services Company with \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Demonstrated Earnings Growth \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Strong and Continued Cash Flow \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . High Return on Capital \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Driven by Subsea/Offshore Capabilities \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . High Barriers to Entry (Technology/Alliances) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . High Growth \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Platform for Added Products/Services \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16}