{\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 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\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 July 11, 2001 \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 \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 \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{\*\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 to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql extent described in Item 9. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Number Topic Presenter \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \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 -------------------------------------------------------------------------------- \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. 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 July 11, 2001 and July 12, 2001. A slide presentation made at the meetings by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Joseph H. Netherland, Chief Executive Officer and President, FMC Technologies, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Inc. is attached hereto as an exhibit to this report. The furnishing of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information is not intended to, and does not, constitute a determination by FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Technologies, Inc. that the information is material or that investors should \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consider this information before deciding to buy or sell FMC Technologies, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities. \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By /s/ Ronald D. Mambu \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Ronald D. Mambu \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President and Controller \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date: July 12, 2001 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_2}{\*\bkmkend doc_1_2} \par\pard\plain\fs16 \page \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 Slide 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql IPO Summary \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock Offered 11,050,000 shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Over-allotment Option 1,657,500 shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock Outstanding after 65,000,000 shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Offering (excl. over-allotment) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Offering Price per Share $20.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Use of Proceeds To repay indebtedness \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NYSE Symbol "FTI" \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql First Trade Date June 14/th/ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Spin-off/Split-off By December 31, 2001 \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 2 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Experienced Management Team Years with FMC Corporation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Joseph H. Netherland 28 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Executive Officer and President \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Georgia Tech, Wharton \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board Member: API, NAM, NOIA, PESA \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Past Chairman: PESA \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql William H. Schumann 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Vice President and Chief Financial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UCLA, USC \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Peter D. Kinnear 29 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President, Energy Production \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vanderbilt, University of Chicago \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board Member & Past Chairman: NFPA \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Robert L. Potter 27 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President, Energy Processing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rice University \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Charles H. Cannon, Jr. 19 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President, FoodTech & Airport \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql US Naval Academy, University of Chicago \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board Member: Food Processing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Machinery & Supplier Association \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 \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 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 4 \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 corporate overhead. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /(2)/ Airport CAGR shown excluding Corporate Overhead. \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 How We Built the Business \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Combination Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Sales $Millions) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql '87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql -------------------------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Sales \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql $Millions 400 425 450 500 600 700 800 980 1,362 1,690 2,032 2,186 1,953 1,875 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql -------------------------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Improved Subsea investments Kongsberg National Oilwell Smith Deep- CBV \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql family of SOFEC Manifold Meter water Brazil \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql valves Ivest- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ments \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql -------------------------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Jetway Frigo- North- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Systems Scandia field \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql -------------------------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Stein Allen \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\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 6 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Strategy \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\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 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 8 \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 9 \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 \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 [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\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 11 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Growing Worldwide E & P Spending \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Column Graph] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $B \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 44 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $ 50 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $ 64 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $ 84 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $ 91 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $ 73 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $ 91 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001E $108 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 13.7% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: John S. Herold, Inc. \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\pard\plain\cf1\f50\fs16\ql Slide 12 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Increasing Deepwater Spending by Majors \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Majors' Spending Related to Deepwater \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Column Graph] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $B \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 6.7 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $ 8.6 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $10.6 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $13.7 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $18.2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $17.3 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $20.4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001E $27.5 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 22.4% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sources: Douglas-Westwood, Quest Offshore Resources, John S. Herold, Inc. \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\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 Middle East 1 4 2 0 0 1 1 2 3 4 \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 14 \par\pard\plain\fs16 \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 Line 1--Crude oil price per barrel, 1996-2001 Q1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Line 2--Energy Systems Backlog dollars in millions: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $ 657 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $ 750 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $ 898 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $ 593 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $ 425 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Q1 - 2001 $ 549 \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\pard\plain\cf1\f50\fs16\ql Slide 15 \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 \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 Gulf of Mexico Deepwater Capex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 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 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 ($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 18 \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 19 \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 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Two Bar Graphs) \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 Demonstrated Growth \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sales ($M) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $316 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $307 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $470 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $581 10.4% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $549 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $537 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $573 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EBITDA ($M)/(1)/ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $ 25 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $ 31 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $ 57 25.2% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $ 58 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $ 65 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $ 69 \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 \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 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\pard\plain\cf1\f50\fs16\ql Slide 22 \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 Market Outlook \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Growth will be driven by \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Industry focus on efficiency and food safety \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Growth in convenience food market \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Aftermarket service/installed base \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 23 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Two Bar Graphs] \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 Demonstrated Growth \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sales ($M) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $132 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $207 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $257 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $310 12.5% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $320 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $291 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $267 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EBITDA ($M)/(1)/ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 $ -4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 $ 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1996 $ 16 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $ 23 39.6% CAGR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $ 27 -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $ 11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $ 13 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /(1)/ EBITDA from continuing operations; includes allocated corporate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql overhead \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CAGR calculated w/out allocated corporate overhead \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 24 \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 25 \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 Market Outlook \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Passenger traffic forecast to grow (5% CAGR) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Airline fleet forecast to double between 1999 and 2019 (4.3% CAGR) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . High installed base drives aftermarket growth \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 5,500 Cargo Loaders \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 5,000 Passenger Boarding Bridges \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 750 Deicers \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - 700 Push-back tractors \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Boeing Market Outlook \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 26 \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 27 \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 $573 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________________________________________________ \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 28 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Graph] \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Demonstrated Growth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EBITDA ($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\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\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 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 29 \par\pard\plain\fs16 \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 (Dollars in millions, except per share data) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unaudited \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql 3 Months \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Year Ended December 31 Ended \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ---------------------- ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql 1996 1997 1998 1999 2000 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ---- ---- ---- ---- ---- ---- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Revenue $1,690 $2,032 $2,186 $1,953 $1,875 $ 429 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql EBIT ex Special Charges 35 110 128 119 106 10 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Interest Expense 18 18 18 18 18 5 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Profit before Taxes 17 91 109 101 88 5 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Taxes 5 25 30 27 24 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Net Income 12 67 80 74 64 4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Net Income per Share $ 0.19 $ 1.01 $ 1.21 $ 1.12 $ 0.97 $0.06 \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 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 30 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Capitalization \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As of March 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pro Forma as Adjusted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (unaudited) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $M % \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- ----------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cash and Cash Equivalents 12.0 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total Debt 305.1 45% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stockholders' Equity 378.9 55% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ --- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total 684.0 100% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 31 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql High Return on Capital \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Net Inc. as a % of \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql 2000 2000 Average Net Inc. as a % 2000 Average Avg. Capital \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Net Inc. Capital Employed Average Capital Capital Employed Employed w/o \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ($M) ($M) Employed w/o Goodwill ($M) Goodwill \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ---- ---- -------- ----------------- -------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Low 36 2,902 1% 1,880 2% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql High 94 1,108 9% 836 11% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Median 96 2,103 7% 1,392 8% \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql FMC Technologies 77 961 8% 595 13% \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\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 Schlumberger \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cooper Cameron Smith International \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dril-Quip Varco International \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Halliburton Weatherford International \par\pard\plain\fs16 \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 \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 32 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Financial Goals \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Focus on growth in profits \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Maintain/improve return on capital \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Use strong free cash flow to reduce debt \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Maintain flexibility to make selective acquisitions \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 33 \par\pard\plain\fs16 \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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all 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 34 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Disclaimer \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement under the Safe Harbor Provisions of the Private Securities Litigation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reform Act of 1995: These slides and the accompanying presentation contains \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "forward-looking statements," which represent management's best judgment as of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the date hereof based on information currently available. Actual results of FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Technologies, Inc. (the Company) may differ materially from those contained in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the forward-looking statements. Additional information concerning factors that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may cause results to materially differ from those in the forward-looking \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements is contained in the Company's Form S-1 registration statement filed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under the Securities Act of 1933. The Company undertakes no obligation to update \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or revise these forward-looking statements to reflect new events or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql uncertainties. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________________________________________________ \par\pard\plain\fs16}