{\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 \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 \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\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\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 February 27, 2002 \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 \par\pard\plain\fs16 \page \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. Representatives from FMC Technologies, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held meetings with investment analysts from various firms in New York, NY on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql February 27 and 28, 2002. Presenters at these meetings included Joseph H. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Netherland, Chief Executive Officer and President, FMC Technologies, Inc. and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql William H. Schumann III, Senior Vice President, Chief Financial Officer and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Treasurer, FMC Technologies, Inc. Slides containing information presented at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql meetings are attached hereto as an exhibit to this report. These slides may also \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be accessed at the Company's website (www.fmctechnologies.com). The posting and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql furnishing of this information is not intended to, and does not, constitute a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determination by FMC Technologies, Inc. that the information is material or that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql investors 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 \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\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit Number Topic Presenters \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 FMC Technologies, Inc. Joseph H. Netherland \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql William H. Schumann III \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \page \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\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\pard\plain\cf1\f50\fs16\ql Date: February 27, 2002 \par\pard\plain\fs16 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies Exhibit 99.a \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 Title/Intro. Slide \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 Investor Relations Contact: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql David W. Grzebinski, CFA Ph: (312) 861-6414 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------- \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 [4 photos of equipment] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Production - Subsea and surface wellheads, trees, manifolds and control \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql systems; FPSO turret mooring systems and floating production systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Processing Systems - Fluid control products, loading systems and \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 - Citrus extractors, convenience food systems, freezing technologies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and sterilization systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems - Ground support systems - loaders, deicers, pushback tractors \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -- & Jetway (R)] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Businesses \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2001 - by 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 Production Systems 38% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Processing Systems 20% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FoodTech 27% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems 15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \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 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Production Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Color Illustration] \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 Standard Subsea Trees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Smart Well Control Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Light Well Intervention \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Template Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Tension Leg Platforms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Processing \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 Subsea Manifold \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ROV Tie-In Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Guidlineless 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 3 \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 [Color Illustration] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fluid Control systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Blending & Transfer Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Measurement Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Loading Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Measurement Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fluid Control Systems \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 \page \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 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 Leading Technologies \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\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 Floating Production (Mooring Systems) 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surface 2 \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 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 Sources: Simmons & Co. International, Boston Consulting Group, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Spears and Associates, Quest, FMC Technologies Internal \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 5 \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 \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\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 [3 Photographs] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Spiral Freezer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Citrus Extractor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 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 \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 \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 Airport 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 Industry Position \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \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 [3 Photographs] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Military Loader \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Passenger Boarding Bridge \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 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 \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 [Bar Graph] \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 Sales ($M) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Businesses/Airport Systems/FoodTech \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 Year Total Energy Businesses Airport Systems FoodTech \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 1994 $ 980 $ 460 $132 $316 \par\pard\plain\fs16 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $1,690 $ 949 $257 $470 \par\pard\plain\fs16 \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 \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 \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 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 $1,928 $1,111 $296 $527 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Demonstrated Growth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EBITDA ($M) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Businesses/Airport Systems/FoodTech \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 24 $ 9 $(4) $18 \par\pard\plain\fs16 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $100 $ 47 $16 $31 \par\pard\plain\fs16 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $194 $109 $27 $58 \par\pard\plain\fs16 \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 \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 2001 $149 $ 80 $15 $54 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql From continuing operations; includes allocated corporate overhead \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shown excluding special charges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 9 [Bar Graph] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Inbound Orders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ($M) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Businesses/Airport Systems/FoodTech \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $1,354 $ 821 $225 $308 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $2,056 $1220 $289 $547 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $2,102 $ 885 $310 $555 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $2,335 $1450 $303 $583 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $1,699 $ 849 $296 $523 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $1,683 $ 870 $265 $548 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 $2,255 $1377 $333 $546 \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 10 \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 (Energy Systems Backlog - $M) \par\pard\plain\fs16 \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 Jul 01 655 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Aug 01 649 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep 01 668 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Oct 01 633 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Nov 01 617 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec 01 675 \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 11 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \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 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 2001 0.82 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002E 0.95 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [2001 Pro Forma EPS] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1Q 2Q 3Q 4Q \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 0.06 0.19 0.25 0.32 \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 12 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Outlook \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 13 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Technology - Driving Deeper \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 TFE Canyon Express 2197m Cameron 7,209 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003 Shell Coulomb 2316m FMC 7,600 ft \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 \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 14 [Bar Chart] \par\pard\plain\fs16 \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 Installed to date / Under development / Probable/Possible \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Number of Installed Trees/Year \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql 97/0/0 140/0/0 126/0/0 119/0/0 232/0/0 212/0/0 242/0/0 0/274/20 0/156/208 0/88/284 0/29/429 0/6/515 \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 Source: Quest Offshore \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 15 \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 ($13B) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart] \par\pard\plain\fs16 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Douglas Westwood Ltd. \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 16 [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 ($10B) \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Douglas Westwood Ltd. \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 Slide 17 [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 ($9B) \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Douglas Westwood Ltd. \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 \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 18 [Pie Chart] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 Deepwater Discoveries by Region \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 39 New Discoveries \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Greater than 1,500 ft. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql West Africa 23% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Brazil 15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Asia/Pacific 5% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql North Sea 5% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other 3% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql US Gulf 49% \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Offshore Data Services \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 19[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 2002 to 2008 \par\pard\plain\fs16 \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 TotalFinalElf* 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* 191 \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 ChevronTexaco 121 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unocal* 76 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Conoco* 68 \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 Enterprise Oil 52 \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 Amerada-Hess 32 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Triton Energy 31 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Woodside Petroleum 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 Phillips* 19 \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\pard\plain\cf1\f50\fs16\ql * Predominantly FMC accounts \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 Investment Highlights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Premier late-cycle oilfield services business focused on deepwater \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Strong industry positions based on leading technologies (#1 or #2 in all major \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql products) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Leader in subsea production systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Leader in subsea tree installations and awards \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Strong customer relationships with leading offshore producers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Proven track record of growth \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}