{\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 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\pard\plain\cf1\f50\fs16\ql ________________________ \par\pard\plain\fs16 \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\pard\plain\cf1\f50\fs16\ql CURRENT REPORT \par\pard\plain\fs16 \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 6, 2001 \par\pard\plain\fs16 \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 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 \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 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PAGE 2 \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}{\*\bkmkstart item_1_45_1}{\*\bkmkend item_1_45_1}\pard\plain\cf1\f50\fs16\ql Item 9. Regulation FD Disclosure. The Lehman Brothers CEO Energy Conference was \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held on September 6, 2001 in New York, NY. A slide presentation made at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql meeting by Joseph H. Netherland, CEO and President, FMC Technologies, Inc., is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql attached hereto as an exhibit to this report. These slides may also be accessed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the company's website (www.fmctechnologies.com). The posting and furnishing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of this information is not intended to, and does not, constitute a determination \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by FMC Technologies, Inc. that the information is material or that investors \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql should consider this information before deciding to buy or sell FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Technologies, Inc. securities. \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}{\*\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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit Number Description Presenter \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit 99a Information about FMC Technologies, Inc. Joseph H. Netherland \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql presented at Lehman Brothers CEO Energy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Conference \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PAGE 3 \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart part_1_2_3}{\*\bkmkend part_1_2_3}\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/ Jeffrey W. Carr \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jeffrey W. Carr \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President, General \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Counsel and Secretary \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date: September 6, 2001 \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.a \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Title/Intro. Slide \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [LEHMAN BROTHERS LOGO] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CEO ENERGY CONFERENCE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql JOSEPH H.NETHERLAND \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CEO AND PRESIDENT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \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 These slides and the accompanying presentations 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 and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement on Form S-1, as amended. The Company undertakes no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligation to update or revise these forward-looking statements to reflect new \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql events or uncertainties. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investment Highlights \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Premier late-cycle oilfield services business focused on deepwater \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Strong industry positions based on leading technologies (#1 or #2 in all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql major products) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in subsea production systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Leader in subsea tree installations and awards \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Strong customer relationships with leading offshore producers \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Proven track record of growth \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Experienced management team \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________________________________________________ \par\pard\plain\fs16 \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 [Photos of Energy Production and Processing Systems; FoodTech and Airport \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Systems] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Powerful Combination of Leading Businesses \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Strong Growth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (CAGR 1994 - 2000) Revenue EBITDA /(1)/ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------- ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Production Systems 16.2% 49.7% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Processing Systems 11.6% 42.4% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Systems 14.5% 46.3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FoodTech 10.4% 25.2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems 12.5% 39.6% /(2)/ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /(1)/ EBITDA from continuing operations w/ allocated overhead. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /(2)/ Airport CAGR shown excluding overhead. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \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 Energy Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Demonstrated Growth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [2 column graphs] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Graph #1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sales ($M) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 460 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $ 769 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $ 949 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $ 1,144 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $ 1,321 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $ 1,129 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $ 1,037 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 14.5% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Graph #2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EBITDA ($M) (1) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 9 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $ 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $ 47 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $ 98 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $ 109 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $ 106 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $ 83 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 46.3% CAGR \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) Includes allocated corporate overhead \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EBITDA is from continuing operations \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \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 [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 -------------------------------------------------------------------------------- \par\pard\plain\fs16 \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 Energy Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [6 color photos] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Tree with Controls \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Manifolds \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FPSO/Turret Mooring System \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fluid Control Products \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surface/TLP Well Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Loading Systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \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 Energy Systems \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 Industry Position \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea systems 1 \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 Surface 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fluid Control 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Loading Systems 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Measurement Solutions 2 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Simmons & Co. International, 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 -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 8 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Industry Leading Subsea Technology \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1977 Enchova EN-1RJS 124m ABB 406 ft \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 \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 Slide 9 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Area Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rapidly Growing Subsea Tree Market \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Number of Installed Trees/Year \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Asia Pacific 24 6 22 4 4 24 2 8 19 32 44 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql North Sea 65 63 57 47 53 113 92 77 69 61 58 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Brazil 13 16 28 26 35 50 22 35 42 48 56 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Gulf of Mexico 11 18 15 23 18 29 28 32 37 50 62 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql W. Africa 10 1 14 13 4 13 44 48 55 69 80 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 17.0% CAGR 2000 - 2004 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sources: Quest Offshore and Douglas Westwood \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 10 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Gulf of Mexico Deepwater Capex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 to 2005 ($12B) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BP 25% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ExxonMobil 10% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shell 19% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Kerr McGee 5% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Marathon 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chevron Texaco 6% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mariner 4% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TotalFinaElf 5% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All Others 24% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Oil & Gas Journal \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 11 (Pie Chart) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql W. Africa Deepwater Capex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 to 2005 ($23.5B) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BP 3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chevron Texaco 17% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shell 9% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Triton 4% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ExxonMobil 23% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statoil 3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TotalFinaElf 41% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Douglas Westwood \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Brazil Deepwater Capex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 to 2005 ($14B) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Petrobras 70% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agip 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BP 3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amerada Hess 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chevron Texaco 3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Coastal 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Devon 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Enterprise 4% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ExxonMobil 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Kerr McGee 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shell 3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TotalFinaElf 3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unocal 2% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Brazil Energy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 13 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Graph] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Alliances with Leading Offshore Producers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Completions by Operator 2001 to 2006 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Completions: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Number of completions \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 points on graph) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TotalFinalElf* 325 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Petrobras* 298 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BP* 230 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Royal Dutch/Shell* 180 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ExxonMobil* 145 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ChevronTexaco 143 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Norsk Hydro* 125 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statoil* 80 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Conoco* 50 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BHP Petroleum 48 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Marathon Oil 47 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PetroCanada* 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sakhalin Coop 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Wapet 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Murphy Oil 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Anadarko* 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Enterprise Oil 45 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Woodside Petroleum* 45 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Triton Energy 45 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unocal* 45 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Kerr-McGee* 43 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BritGas E&P 42 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INPEX 41 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amerada-Hess 41 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mariner Energy 41 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Husky Oil 40 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pemex 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Phillips* 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agip* 37 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Predominantly FMC accounts \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Quest Offshore \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \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 FoodTech \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Technologies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Industry \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Position \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Citrus Extractors 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Convenience Food Systems 2 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Freezing Technologies 1 \par\pard\plain\fs16 \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 [3 Photos: Spiral Freezer; Citrus Extractor; Flat Product Freezer] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sources: McKinsey, FMC Technologies Internal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 15 \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 Leading Technologies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Industry \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Position \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cargo Loaders 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Passenger Boarding Bridges 1 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [3 Photos: Military Loader, Passenger Boarding Bridge; Commercial Loader] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sources: McKinsey, FMC Technologies Internal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \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 Financial Summary \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 17 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Graph] \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Demonstrated Growth -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 11.4% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sales ($M) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Businesses/Airport Systems/FoodTech [intercompany eliminations not shown] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total Energy Businesses Airport Systems FoodTech \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ ----------------- --------------- -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 980 $ 460 $132 $316 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $1,362 $ 769 $207 $307 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $1,690 $ 949 $257 $470 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $2,032 $1,144 $310 $581 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $2,186 $1,321 $320 $549 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $1,953 $1,129 $291 $537 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $1,875 $1,037 $267 $573 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Graph] \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Demonstrated Growth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EBITDA ($M) -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 37.8% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total Energy Businesses Airport Systems FoodTech \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- ----------------- --------------- -------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 24 $ 9 $(4) $18 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $ 53 $ 18 $10 $25 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $100 $ 47 $16 $31 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $177 $ 98 $23 $57 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $194 $109 $27 $58 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $181 $106 $11 $65 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $165 $ 83 $13 $69 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql From continuing operations; includes allocated corporate overhead \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shown excluding special charges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 19 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pro Forma Historical Perspective \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 \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 1996 0.19 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 1.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 1.21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 1.12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 0.97 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001E 0.91 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 Data include actual results for Q1 & Q2 and FirstCall Estimate for full \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql year \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pro Forma Assumptions: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $305.1M debt at 6% interest cost each year \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 27% tax rate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 66M fully diluted shares outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Excludes asset impairments and restructuring and other costs and the cumulative \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effect of changes in accounting principle. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \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 Late Cycle Oilfield Services Business \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Line Graph] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Backlog dollars in millions) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec 96 657 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mar 97 670 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql June 97 693 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep 97 728 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec 97 750 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mar 98 1,056 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql June 98 993 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep 98 1,054 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec 98 878 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mar 99 781 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql June 99 692 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep 99 618 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec 99 593 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mar 00 528 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql June 00 490 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep 00 480 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec 00 425 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mar 01 546 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql June 01 635 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 21 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql High Return on Capital \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Year 2000 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql % With Goodwill % Without Goodwill \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------ -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Return on Sales Capital Turns Return on Capital Capital Turns Return on Capital \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql (Net Inc./Sales) (Sales/Avg.Cap.Emp) (Net Inc./Avg.Cap.Emp.) (Sales/Avg.Cap.Emp) (Net Inc./Avg.Cap.Emp.) \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------ -------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Baker Hughes Inc 6.0 90 5.4 124 7.4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Cooper Cameron 6.8 125 8.5 166 11.3 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Dril-Quip 6.9 94 6.5 94 6.5 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Halliburton 2.1 149 3.1 163 3.4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Schlumberger 9.5 75 7.2 85 8.1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Smith International 3.5 212 7.4 306 10.7 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Varco International 6.2 115 7.1 163 10.1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Weatherfold International 2.0 63 1.3 97 1.9 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Median 4.2 109 4.5 164 6.9 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql FMC Technologies 4.1 195 8.1 315 13.0 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unlevered Net Income adjusted to exclude special & one time charges \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sources: Compustat, FMC Technologies Internal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 22 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Conclusion \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Pursue innovation and technology \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Provide technology driven, mission critical products and services \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Focus on high growth sectors \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Maintain and expand alliances with industry leaders \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Focus on growth in profits and return on capital \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16}