Chairman's - FMC Corporation

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Board OF DIRECTORS & OFFICERS board of directors offcers Board of Directors Pierre Brondeau President and Chief Executive Offcer FMC Corporation Dr. Patricia A. Buffer Dean Emerita, Professor of Epidemiology School of Public Health University of California, Berkeley G. Peter D’Aloia Former Senior Vice President and Chief Financial Offcer, Trane, Inc. C. Scott Greer Principal, Greer and Associates Dirk A. Kempthorne President, The Kempthorne Group Edward J. Mooney Retired Chairman and Chief Executive Offcer Nalco Chemical Company Paul J. Norris Retired Chairman and Chief Executive Offcer W. R. Grace & Co. Robert C. Pallash President, Global Customer Group and Senior Vice President, Visteon Corporation Enrique J. Sosa Former President, BP Amoco Chemicals Vincent R. Volpe, Jr. Chief Executive Offcer and President Dresser-Rand Group, Inc. William G. Walter Chairman of the Board, FMC Corporation 10 Offcers William G. Walter Chairman of the Board Pierre Brondeau* President and Chief Executive Offcer W. Kim Foster* Senior Vice President and Chief Financial Offcer Andrea E. Utecht* Vice President, General Counsel and Secretary Theodore H. Butz* Vice President and General Manager Specialty Chemicals Milton Steele* Vice President and General Manager Agricultural Products D. Michael Wilson* Vice President and General Manager Industrial Chemicals Thomas C. Deas, Jr.* Vice President and Treasurer Kenneth R. Garrett Vice President, Human Resources and Corporate Communications Gerald R. Prout Vice President, Government and Public Affairs Graham R. Wood* Vice President and Controller David Kotch Chief Information Offcer Victoria V. Walton Vice President, Tax *Executive Offcer FMC Board of Directors: Front row, left to right: G. Peter D’Aloia, C. Scott Greer, Dirk A. Kempthorne and Patricia A. Buffer. Back row, left to right: Pierre Brondeau, Vincent R. Volpe, Jr., Paul J. Norris, Edward J. Mooney, Robert C. Pallash, Enrique J. Sosa and William G. Walter.
NON-GAAP RECONCILIATIONS Segment operating proft (consolidated), earnings before restructuring and other income and charges, earnings per share before restructuring and other income and charges, return on invested capital, free cash fow, and earnings before interest, taxes, depreciation and amortization (EBITDA) are not measures of fnancial performance under U.S. generally accepted accounting principles (GAAP) and should not be considered in isolation from, or as substitutes for, income from continuing operations, net income, or earnings per share determined in accordance with GAAP, nor as substitutes for measures of proftability, performance or liquidity reported in accordance with GAAP. The following charts reconcile Non-GAAP terms used in this report to the closest GAAP term. All tables are unaudited and presented in millions, except per share amounts. EBITDA of $593.8 million for the year ended December 31, 2009, is the sum of income from continuing operations before income taxes of $310.0 million (GAAP) less net income attributable to noncontrolling interests of $10.3 million, plus corporate special charges, net of $139.9 million, interest expense, net of $27.0 million and depreciation and amortization of $127.2 million. Free cash fow of approximately $100 million for the year ended December 31, 2009, is the sum of cash provided by operating activities (GAAP), cash required by operating activities of discontinued operations (GAAP) and cash required by investing activities (GAAP) as presented in our Consolidated Statements of Cash Flows of FMC’s Form 10-K. Reconciliation of numerator income from continuing operations (GAAP) to numerator income from continuing operations before restructuring and other income and charges and after-tax interest expense, net (Non-GAAP) used in ROIC (return on invested capital) calculation, where ROIC is the above described Non-GAAP number divided by the 2-point average denominator set forth below: 2007 Actual 2008 Actual 2009 Actual Income from continuing operations (GAAP) $ 166.3 $ 346.5 $ 257.0 Net income attributable to noncontrolling interests (9.6) (17.0) (10.3) Interest expense, net 34.9 31.9 27.0 Tax effect of interest expense, net (10.5) (9.9) (8.3) Corporate special charges (income) 157.0 53.3 139.9 Loss on extinguishment of debt 0.3 - - Tax effect of corporate special charges (income) and loss on extinguishment of debt (58.9) (23.0) (38.8) Tax adjustments (15.4) (8.7) (43.7) ROIC numerator (Non-GAAP) $ 264.1 $ 373.1 $ 322.8 2-point average denominator Dec-06 Dec-07 Dec-08 Dec-09 Short-term debt $ 53.7 $ 47.9 $ 28.6 $ 33.4 Current portion of long-term debt 52.5 77.7 2.1 22.5 Long-term debt 523.5 419.6 592.9 588.0 Total FMC Stockholder equity 1,010.2 1,064.3 902.9 1,076.4 $ 1,639.9 $ 1,609.5 $ 1,526.5 $ 1,720.3 ROIC denominator (2 pt. avg) (GAAP) $ 1,624.7 $ 1,568.0 $ 1,623.4 ROIC (using Non-GAAP numerator) 16.3% 23.8% 19.9% FMC Corporation | 2009 Annual Report | Non-GAAP Reconciliations 11 11
Page 3 and 4: Chairman’s LETTER Eight years ago
Page 5 and 6: from acquisitions made in 2008. Lit
Page 7 and 8: 1000 800 600 400 Dollars in Million
Page 9 and 10: Dollars in Millions 800 700 600 500
Page 11: SEGMENT REVENUE AND OPERATING EARNI
Page 15 and 16: UNITED STATES SECURITIES AND EXCHAN
Page 17 and 18: PART I FMC Corporation (FMC) was in
Page 19 and 20: energy storage markets to serve the
Page 21 and 22: The following table summarizes the
Page 23 and 24: Specialty Chemicals Financial Infor
Page 25 and 26: The following chart summarizes the
Page 27 and 28: Overview Our Industrial Chemicals s
Page 29 and 30: and percarbonates) also function as
Page 31 and 32: cellulose and seaweed extract as we
Page 33 and 34: • Changing regulatory environment
Page 35 and 36: ITEM 3. LEGAL PROCEEDINGS Like hund
Page 37 and 38: PART II ITEM 5. MARKET FOR THE REGI
Page 39 and 40: For the three and twelve months end
Page 41 and 42: Footnotes: (1) Discontinued operati
Page 43 and 44: driven by higher volumes in most re
Page 45 and 46: Revenue of $1,051.6 million was one
Page 47 and 48: Industrial Chemicals Revenue ......
Page 49 and 50: • $5.6 million of charges represe
Page 51 and 52: Segment Results Agricultural Produc
Page 53 and 54: Other Charges (Income), Net • Sol
Page 55 and 56: corporate purposes, including issui
Page 57 and 58: Cash required by operating activiti
Page 59 and 60: indemnification obligations with re
Page 61 and 62: On January 19, 2009, the European C
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Environmental obligations. We provi
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Sensitivity analysis related to key
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Our debt portfolio, at December 31,
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FMC CORPORATION CONSOLIDATED STATEM
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FMC CORPORATION NOTES TO CONSOLIDAT
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NOTE 3: ACQUISITIONS 2009 Acquisiti
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MANAGEMENT’S ANNUAL REPORT ON INT
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FMC CORPORATION SCHEDULE II—VALUA
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ITEM 13. CERTAIN RELATIONSHIPS AND
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Exhibit No. Exhibit Description *10
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Exhibit No. Exhibit Description 23.
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Signature Title Date /S/ ROBERT C.
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COMPUTATION OF RATIO OF EARNINGS TO
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The Board of Directors FMC Corporat
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I, W. Kim Foster, certify that: CHI
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CFO CERTIFICATION OF ANNUAL REPORT
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Chairman's - FMC Corporation

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