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## E M B R A C I N G T h e P a t h F o r w a r d 

T he past year was one of significant accomplishment for FMC; a year of delivering in the present and mindfully planning for our future. 

We achieved record financial performance in 2010: 

• Sales increased 10 percent. 

• Earnings per share before restructuring and other charges grew 17 percent. 

• Free cash flow increased to $257 million. 

• Return on invested capital reached 21.9 percent. 

FMC shareholders realized a total return of 44 percent – well ahead of the 15 percent rise of the S&P 500 Index and the 22 percent increase of the S&P Chemicals Index of our closest peer companies. 

It also was a year in which we challenged ourselves to define a roadmap for our future to deliver even greater opportunity for our customers, shareholders and employees. As you will read on the following pages, we completed a strategic review of our entire business and developed a robust growth plan for FMC: Vision 2015. In brief, our vision is to be a larger, stronger and more global company than we are today. 

− Increased our focus on capturing market opportunities in rapidly developing economies by leveraging our already strong market positions. 

Underlying our vision is a continued commitment to our core values. As always, we will put safety first and continue to conduct our business in an ethical and sustainable manner. 

It was a good year. And we are confident 2011 will be another record year for FMC as we move with resolve and passion toward realizing our vision. 

We took major steps in 2010 to begin realizing that vision, as we: 

− Strategically realigned our Industrial Chemicals business to achieve higher margins, greater earnings stability and superior return on net assets, while reducing our exposure to GDP cycles. 

− Moved from a highly decentralized organizational model to one more balanced. Key functional teams were put in place, including global procurement, from which we expect to realize significant cost savings over the next five years. 

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