{\rtf1\deflang1033\deflangfe1033\margl720\margr720\margt360\margb360{\stylesheet{\fs20\lang1033\snext0 Normal;} {\s1\sb240\keepn{\*\pn \pnlvl1\pndec\pnprev1\pnstart1\pnsp144}\b\f0\fs30\lang1033 \sbasedon0\snext0 heading 1;} {\s2\sb200\keepn{\*\pn \pnlvl2\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs26\lang1033 \sbasedon0\snext0 heading 2;} {\s3\sb180\keepn{\*\pn \pnlvl3\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 3;} {\s4\sb160\keepn{\*\pn \pnlvl4\pnucltr\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 4;} {\s5\sb140\keepn{\*\pn \pnlvl5\pncltr\pnprev1\pnstart1\pnsp144}\b\f0\fs20\lang1033 \sbasedon0\snext0 heading 5;} {\s6\tqc\lang1033\sbasedon0\snext6 footer;} {\*\cs16 \additive\super\sbasedon10 footnote reference;} {\*\cs18 \additive\sbasedon10 page number;}} {\fonttbl{\f0\fnil Times New Roman;}{\f1\fnil Courier New}{\f2005\fnil Courier New;}{\f2010\fnil Wingdings;}{\f2020\fnil Webdings;}{\f2\fnil Arial;}{\f3\fnil Arial;}{\f4\fnil LucidaHandwriting;}{\f5\fnil Symbol;}{\f6\fnil Symbol;}{\f7\fnil Ferdsch;}{\f30\fnil Myriad Cn Semibold;}{\f31\fnil Myriad Roman;}{\f50\fnil Courier New;}{\f51\fnil Times New Roman;}{\f52\fnil Arial;}{\f53\fnil Symbol;}{\f54\fnil Wingdings;}{\f55\fnil Wingdings 2;}{\f56\fnil Wingdings 3;}{\f57\fnil Webdings;}{\f58\fnil Arial Narrow;}{\f59\fnil Arial Unicode MS;}{\f60\fnil Cyberbit;}{\f61\fnil Morningstar 1U Light;}{\f62\fnil Calibri;}} {\colortbl;\red0\green0\blue0;\red127\green0\blue0;\red0\green0\blue255;\red127\green127\blue127;\red0\green51\blue153;\red255\green204\blue0;\red255\green255\blue255;\red246\green244\blue236;\red0\green0\blue0;} {\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNITED STATES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES AND EXCHANGE COMMISSION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Washington, D.C. 20549 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FORM 8-K \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CURRENT REPORT \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to Section 13 or 15 (d) of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Exchange Act of 1934 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date of Report (Date of earliest event reported) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql January 7, 2003 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Exact name of registrant as specified in its charter) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Delaware 1-16489 36-4412642 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------- ---------------------- ---------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (State or other jurisdiction (Commission (I.R.S. Employer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of incorporation) File Number) Identification No.) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 200 East Randolph Drive, Chicago, Illinois 60601 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Address of principal executive offices) (Zip Code) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (312) 861-6000 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrant's telephone number, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql including area code \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}{\*\bkmkstart item_1_45_1}{\*\bkmkend item_1_45_1}\pard\plain\cf1\f50\fs16\ql Item 9. Regulation FD Disclosure. Representatives from FMC Technologies, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Inc. held meetings with investment analysts from various firms in New York, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NY and Boston, MA on January 7, 8 and 9, 2003. Presenters at these meetings \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql included Joseph H. Netherland, Chairman, President and Chief Executive \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officer, FMC Technologies, Inc. and William H. Schumann, III, Senior Vice \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql President, Chief Financial Officer and Treasurer, FMC Technologies, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slides containing information presented at the meetings are attached hereto \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as an exhibit to this report. These slides may also be accessed at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql company's website (www.fmctechnologies.com). The posting and furnishing of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that investors should consider this information before deciding to buy or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sell FMC 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\pard\plain\cf1\f50\fs16\ql 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 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By /s/ Jeffrey W. Carr \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jeffrey W. Carr \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President, General \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Counsel and Secretary \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date: January 6, 2003 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies Exhibit 99a \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 FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql January 2003 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Presenters: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Joe Netherland Chairman & CEO \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Bill Schumann SVP & CFO \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investor Relations Contact: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql David W. Grzebinski, CFA Ph: (312) 861-6414 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql David.Grzebinski@FMCTI.com \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [3 Photos of Equipment] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql These slides and the accompanying presentation contain "forward-looking" \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements, which represent management's best judgment as of the date hereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql based on information currently available. Actual results of the Company may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql differ materially from those contained in the forward-looking statements. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Additional information concerning factors that may cause results to materially \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql differ from those in the forward-looking statements is contained in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's periodic reports filed under the Securities Exchange Act of 1934. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company undertakes no obligation to update or revise these forward-looking \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements to reflect new events or uncertainties. \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies at a Glance \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies is a global leader in the design, manufacture and supply of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mission-critical technology for the energy, food and aviation industries \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [4 photos of equipment] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Production Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Subsea Trees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Surface Wellheads \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Manifolds \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Control Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Floating Production Systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Processing Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Fluid Control \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Loading Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Measurement Solutions \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FoodTech \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Citrus Extractor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Freezing Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Sterilization Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Convenience Food Systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Loaders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Deicers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Passenger Boarding Bridges \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 Revenues 3/rd/ Quarter-to-Date \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Production Systems 45% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Processing Systems 19% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FoodTech 24% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Airport Systems 12% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 3 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [1 photo of equipment] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leading technology and industry positions across major product lines \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in growing subsea and deepwater market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Proven track record of growth with high return on capital \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Technologies and Industry Positions \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql #1 Positions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Subsea Systems (trees, manifolds, controls and tie-in systems) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Fluid control equipment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Loading systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Food processing technologies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Airline ground equipment \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [4 photos of equipment] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 5 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Technologies and Industry Positions \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql #2 Positions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Surface and platform trees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Floating production \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Measurement solutions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Convenience food systems \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [3 photos of equipment] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 6 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leading technology and industry positions across major product lines \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in growing subsea and deepwater market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Proven track record of growth with high return on capital \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [3 photos of equipment] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 7 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Leading Deepwater/Subsea Position \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Broadest subsea systems capabilities within our peer group \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in deepwater technology \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Growing market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Well positioned with the major subsea E&P companies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Well positioned in major producing basins \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 8 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Systems Capabilities \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Color Illustrations] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Metering & Control Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surface Well Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Drilling Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Light Well Intervention \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Tension Leg Platforms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Floating Production Storage & Offloading Vessels \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Turret Mooring Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Standard Subsea Trees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Processing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Smart Well Control Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Template Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ROV Tie-In Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Manifold \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Guidelineless Deepwater Trees \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 9 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Strong Deepwater Track Record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Graph] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1980 Bonito RJS-39 189m FMC 619 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1983 Pirauna RJS-232 293m Kvaerner 961 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1985 Marimba RJS-284 383m FMC 1,256 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1988 Marimba RJS-376D 492m FMC 1,613 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1988 Placid Green Canyon 31 684m ABB 2,244 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1992 Marlim MRL-9 781m FMC 2,561 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994 Marlim MRL-4 1027m FMC 3,368 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 Shell Mensa 1618m FMC 5,308 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 Marlim Sul MLS-3 1709m ABB 5,605 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 Roncador RJS-436 1853m FMC 6,080 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 Petrobras Roncador 1877m ABB 6,157 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 Marathon Camden Hills 2197m Cameron 7,209 ft \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003 Shell Coulomb 2316m FMC 7,600 ft \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 10 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rapidly Growing Subsea Revenues \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ($ Millions) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Year Approximate plot on chart \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---- ------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 $500 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002E $650 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E $700 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rapidly Growing Subsea Tree Market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Number Installed to Date/Under Development \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1995 1996 1997 1998 1999 2000 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 97/0 140/0 126/0 119/0 232/0 212/0 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 2002 2003 2004 2005 2006 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 242/0 165/138 0/356 0/356 0/423 0/532 \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, November 2002 Update \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 12 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Well Positioned in Major Producing Basins \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Points on world map] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Gulf of Mexico \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Brazil \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . North Sea \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . W. Africa \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 13 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deepwater Gulf of Mexico \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies Highlights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Alliance with BP, Shell and others \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Current major projects: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - BP Thunder Horse & Atlantis \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Shell Nakika, Llano, Princess, Mensa & Habanero \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Kerr McGee Gunnison, Navajo & Red Hawk \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Gulf of Mexico [shown on map] \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 2003 to 2006 ($15B) \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 TotalFinaElf 5% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All Others 28% \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\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 14 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Offshore Brazil \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies Highlights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Petrobras key projects \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Albacora, Marimba & Marlim \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Well positioned, with multinationals moving into the basin \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . MODEC JV - project manager on Shell's Bijupira & Salema \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Brazil [Shown on map] \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 2003 to 2006 ($11B) \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 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 El Paso 2% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Devon 2% \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 7% \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\pard\plain\cf1\f50\fs16\ql Petrobras 70% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Douglas Westwood Ltd., Brazil Energy \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 15 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Offshore West Africa \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies Highlights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Major supplier to TotalFinaElf, ExxonMobil, Statoil & Agip \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Bases in Angola, Congo, Equatorial Guinea & Nigeria \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Current major projects \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . TFE Girassol, Jasmine \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . ExxonMobil Zafiro \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . ESSO Chad (FSO offshore Cameroon) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Agip Okono \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql West Africa [Shown on map] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql W. Africa Deepwater Capex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003 to 2006 ($16B) \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 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 Amerada Hess 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 Ltd. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Offshore North Sea \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies Highlights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Alliances with Norsk Hydro and Statoil \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Expanding focus on maintenance and modification services \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Current major projects \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Statoil Alpha North \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - Norsk Hydro Fram West, Vale & Vigdis Central \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - TotalFinaElf Otter & Skirne/Byggve \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql North Sea [Shown on map] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql North Sea Capex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003 to 2006 ($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 ExxonMobil 8% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statoil 25% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Norsk Hydro 24% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BP 15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Royal Dutch-Shell 9% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TotalFinal-Elf 4% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Others 15% \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Douglas Westwood Ltd., FMC Technologies, Inc. Estimates \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 17 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Well Positioned with the Major Subsea Players \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea Completions by Operation 2002 to 2008 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Graph] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Installations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [approximate plot \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql point on graph] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TotalFinaElf* 455 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Petrobras* 399 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ExxonMobil* 304 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BP* 275 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Royal Dutch/Shell* 243 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Norsk Hydro* 136 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statoil* 122 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chevron Texaco 121 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Conoco/Phillips* 87 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unocal* 76 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amerada Hess 63 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Kerr-McGee* 55 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Wapet 54 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Marathon Oil 52 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BHP Billiton 51 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agip* 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Murphy Oil 38 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sakhalin Coop 34 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql British Gas 33 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Woodside* 31 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Anadarko* 30 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INPEX 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Husky Oil 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PetroCanada* 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Samedan Oil 16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Predominantly FTI accounts \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Source: Quest Offshore \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002 Earnings Expected to Increase By 16% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Pro Forma 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 [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Q1 Q2 Q3 Q4 Q4 Est Total \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 $0.06 $0.19 $0.25 $0.32 $0.82 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002E $0.08 $0.27 $0.25 $0.35 $0.95 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2003E +10-15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1997 $1.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1998 $1.21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1999 $1.12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2000 $0.97 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \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 $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\pard\plain\cf1\f50\fs16\ql 2002E of $0.95 & 2003E of +10 to +15% from Company Guidance during 3rdQ Call \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 19 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Strong cash flow has reduced debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ($M) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Net Synthetic \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date of Cash Leases Total \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---- ------- ------ ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 01-01-01 $ 301 $ 69 $ 370 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12-31-01 $ 245 $ 66 $ 311 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 9-30-02 $ 231 $ 37 $ 268 \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 FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Focused on Returns \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Bar Chart] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Return on Capital 2000 2001 2002E 2003E \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- ---- ---- ----- ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Low 7% 6% 5% 6% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Median 8% 12% 9% 12% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql High 11% 17% 11% 15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FTI 13% 14% 15% 16% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2001 ROC Breakdown \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql N.I.% of Sales % Sales/ACE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- ----------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Low 6.8% 95% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Median 7.5% 141% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql High 5.1% 332% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FTI 3.5% 403% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Data Set \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Baker Hughes \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dril-Quip \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cooper Cameron \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Halliburton \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Schlumberger \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Smith International \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Varco International \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Weatherford International \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Capital Employed is total assets less non-debt current liabilities less \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql minority interest less goodwill and intangibles \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Un-levered Net Income adjusted to exclude special & one time charges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Year 2002E and 2003E Net Income based on First Call Estimate * Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares outstanding, except FTI which is company guidance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Sources: Compustat, First Call \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Backlog Remains Around $1B \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $M \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Airport \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Systems FoodTech Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------- -------- ------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jun-00 $490 $117 $122 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jul-00 $485 $112 $127 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Aug-00 $477 $ 99 $125 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep-00 $480 $ 90 $138 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Oct-00 $458 $ 94 $136 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Nov-00 $439 $106 $130 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec-00 $425 $ 89 $128 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jan-01 $446 $118 $163 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Feb-01 $479 $132 $165 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mar-01 $549 $129 $158 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Apr-01 $520 $132 $176 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql May-01 $595 $127 $167 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jun-01 $635 $117 $154 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jul-01 $655 $121 $151 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Aug-01 $649 $118 $141 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep-01 $668 $117 $130 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Oct-01 $633 $137 $148 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Nov-01 $617 $145 $179 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dec-01 $676 $121 $163 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jan-02 $671 $144 $158 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Feb-02 $678 $165 $146 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mar-02 $774 $161 $142 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Apr-02 $761 $175 $129 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql May-02 $730 $161 $128 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jun-02 $781 $134 $125 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jul-02 $783 $127 $120 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Aug-02 $747 $112 $105 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sep-02 $763 $106 $106 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 22 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Photo of equipment] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leading technology and industry positions across major product lines \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Leader in growing subsea and deepwater market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql . Proven track record of growth with high return on capital \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Slide 23 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Natural Gas Exposure \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Systems 2001 Sales ($M) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart #1] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Systems \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $1,125 M \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsea & Related Approx 50% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Gas Related Approx 35% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other Approx 15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Pie Chart #2] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Breakdown of Gas Related Sales \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surface Approx 40% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fluid Control Approx 35% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Loading Systems Approx 15% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Measurement Systems Approx 10% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies \par\pard\plain\fs16 \par\pard\plain\fs16}