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© 3M 2004. All rights reserved.

Finance Opportunities

3M

3M FactsYear End 2004

SalesWorldwide ..…………… $20.0 billionInternational (61% of total)………….. $12.1 billion

EarningsNet income – reported … $2.99 billion

R&D ExpendituresFor 2004 …...…………….… $1.1 billion Total last 5 years ..………… $5.5 billion

EmployeesWorldwide

…...………………….. 67,071 United States ..………………… 32,648

© 3M 2004. All rights reserved.

3M

Today’s StructureDisplay and

GraphicsBusiness

HealthCare

Business

IndustrialBusinessElectro and

CommunicationsBusiness

Safety, Securityand Protection

Services Business

Consumer and

Office Business

TransportationBusiness

© 3M 2004. All rights reserved.

3M

Industrial18%

D&G16%

C&O14%

E&C10%

Trans8%

SS&PS11%

HC23%

*3M 2004 Sales $20.0B

Health Care

Products/Services• Specialty pharmaceuticals & drug delivery systems• Medical supplies• Dental & orthodontic solutions• Software solutions for hospitals• Fastening systems for personal hygiene products

End Markets• Dermatology, women’s health & other specialties• Hospitals & doctors• Dentists & orthodontists• Other pharmaceutical companies• Personal hygiene

2004 Sales= $4.2B

Industrial

$3.4B

Products/Services• High-performance adhesives/tapes• Abrasives for grinding, sanding, polishing, etc.• Fluoropolymers• Supply chain execution solutions

End Markets• General industrial• Metals, plastics, wood (furniture)• Transportation• Construction• Electronics

2004 Sales= $3.8B

D&G16%

C&O14%

E&C10%

Trans8% HC

23%

SS&PS11% Industrial

18%

*3M 2004 Sales $20.0B

End Markets• Electronic displays for consumer & industrial• Roadway construction• Commercial advertising• Federal, state & local governments

Products/Services• Vikuiti™ brightness enhancement films• Projection display components• Touch systems• Traffic safety systems/services• Scotchprint® large-format graphics

Display & Graphics

$3.0B

C&O14%

E&C10%

Trans8%

D&G16%

HC22%

SS&PS10%

Industrial20%

*3M 2004 Sales $20.0B

2004 Sales= $3.4B

Consumer & Office

End Markets• Grocery, Drug, Mass Retail, Clubs• Office Superstores• Home Centers, Hardware• Arts & Crafts, Dollar, Paint/ Drywall

Products/Services• Scotch® transparent tapes• Post-it® notes & flags• Scotch-Brite™ & O-Cel-O™ sponges/pads• Filtrete™ filters, Command™ adhesive• Scotchgard™ protection for fabric, etc.• Nexcare™ first aid

$2.6B

2004 Sales= $2.9B

E&C10%

Trans8%

Industrial18%

SS&PS11%

HC23%

D&G16%

C&O14%

*3M 2004 Sales $20.0B

E&C10%

Trans8%

Industrial18%

SS&PS11%

HC23%

D&G16%

C&O14%

Safety, Security &Protection Services

Products/Services• Personal protection equipment• Theft/counterfeit prevention systems• Asset tracking systems• Fire Protection• Films for solar/blast protection

End Markets• Personal protection• General industrial• Government• Building maintenance• Construction

2004 Sales= $2.1B

*3M 2004 Sales $20.0B

Electro & Communications

Products/Services• Electrical products• Flexible circuits• Electronic and interconnect solutions• Telecommunications products

End Markets• Industrial & power utilities• Electrical construction & maintenance• Electronics• Telephone & computer networks• Cable television

2004 Sales= $1.9B

Trans9%E&C

10%

Industrial18%

SS&PS11%

HC20%

D&G18%

C&O14%

*3M 2004 Sales 20.0B

Transportation

Products/Services• Tapes and adhesives• Abrasives• Paint preparation systems• Respiratory protection & safety• Paint replacement films

End Markets• Automotive OEMs• Auto body shops• Marine and specialty vehicles• Aerospace

$1.5B

2004 Sales= $1.7B

Trans8%E&C

10%

Industrial18%

SS&PS11%

HC23%

D&G16%

C&O14%

*3M 2004 Sales $20.0B

OurBrands

Finance Mission

To Lead 3 in Creating Strategies that Maximize

Shareholder Value, Flawlessly Execute Our

Fiduciary Responsibilities, and Develop a Pool

of Leadership Candidates for Opportunities

within Finance or 3Business Units.

3M

• Creating and Protecting Shareholder Value

• Financial Counsel, Team Participation

• Planning and Forecasting

• External/Internal Reporting

• Internal Controls

• Investment Analysis

• Mfg. Plant Accounting & Counsel

Responsibilities

3M

Patrick D. Campbell

CFO

Patrick D. Campbell

CFO

Tax &Treasurers

Tax &Treasurers

Finance Organization

FP&AFP&A

InvestorRelationsInvestorRelationsM & AM & A

Corporate AccountingCorporate

Accounting

GeneralAccountingGeneral

AccountingSOX

ComplianceSOX

Compliance

CorporateAudit

CorporateAudit

Business Finance

Business Finance

BusinessAccounting

Center

BusinessAccounting

CenterAccountingPolicies &Research

AccountingPolicies &Research

Six SigmaFT&D

Six SigmaFT&D GBPGBP

Role

• An Independent & Objective Assurance & Consulting Activity…

• Purpose Is To Evaluate & Improve Risk Management & Control Processes…

• Acts As A Partner To 3M Business Units

Opportunities

• Broad Exposure to 3M

• Travel

Corporate Audit

3M

Business FinanceRole• Financial Counsel to Business Units & Plants• Protect & Enhance Shareholder Value• Planning and Forecasting• Organization Structure Mirrors the

Corporation• Finance Group w/in Each Business Unit• Integral Part of the Business Team

Opportunities• Business Counsel• Plant Finance

3M

Corporate AccountingRole• Accurate, Efficient, & Timely

Internal/External Financial Reporting• Governance activities / Internal Controls• Historical/Current Financial Analysis• Protect & Enhance Shareholder Value• Standardize and Automate Processes

Opportunities• Business Accounting• Corporate Accounting

3M

Treasury & TaxTreasury• Financial Risk Management

• Insurance

• Cash Management

• Credit

• Benefit Funds Investment

• Financial Counsel

Tax• Compliance

• Tax Planning

• Financial Counsel 3M

M&A, FP&A, IRMergers & Acquisitions (M&A)• Evaluate M&A Opportunities

– Exploratory Analysis

– Due Diligence

– Integration PlanningFinancial Planning & Analysis (FP&A)• Corporate Initiatives• Ad hoc Analysis for Finance Executives• New Department...Opportunity to Define RoleInvestor Relations (IR)• Face of 3M to the Investment Community

– Qtrly Earnings Announcements & Investment Conferences

– Meetings with Analysts and Portfolio Managers 3M

Finance Hiring Model

Objective / Goal:

Quickly develop high performing new hires by providing meaningful learning experiences and leadership opportunities.

 

Corporate Auditing, Business Finance and the Accounting Center will be the primary entry points for most new college graduate hires within the Finance Organization.

  3M

Finance Leadership Program• Provide undergraduates broad finance

experience at accelerated rate• A 24 month program consisting of two -

twelve month assignments in different functional areas followed by a third assignment

• Program begins July of each year• Regular performance evaluations during each

assignment• Six Sigma Start during first assignment

3M

Finance Leadership Program

• Business Finance• Business Accounting

Center• Corporate Accounting• Corporate Auditing• Credit• Financial Planning &

Analysis

• Insurance• Investor Relations• Mergers &

Acquisitions• Tax• Treasurers

3M

Assignment Opportunities in any area of Finance:

Recommend a core experience that includes Corporate Auditing, Business Finance and/or the Accounting Center

Full-time Hires

FLP

Treasury

Financial Markets Analyst

Pension Analyst

Other

Business Unit / Six Sigma

Tax Analyst

IR Analyst

FP & A

M & A

Corporate Auditing Advanced Auditor

3M

Career Options

Accounting Center Corporate Accounting

Business Accounting

Business Finance Business Financial Analyst

Plant Financial Analyst

Finance Hiring ModelTraining & Development• On-the-job Training & Development Planning• New Hire Orientation/Training• New Employee Roundtable• Mentoring Program / Buddy Program• Finance University• Certifications• Professional Organizations• Six Sigma Training• Relocation Opportunities• Six Sigma Start

The Most Successful Employees AreConstantly Growing Their Skill Sets 3M

Bottom Line = Be a Leader!

• Accounting & Finance Majors

• Solid Academic Performance

• Excellent Communication Skills

• Relevant Work Experiences

• Leadership Experiences

• Willing to Travel

• Geographically Flexible

• Change Agent

What We Look For…

3M

Teamwork

Finance CompetencyTechnical Competency• Business Knowledge

• Finance & Accounting Knowledge

• Value Creation

• Financial Analysis

• Business Partnering

• IT Skills (applications, databases)

• Business Controls/Internal Controls

• External Industry & Growth Skills

• Global Knowledge & Perspective

• Influencing & Learning

• Developing People

Leadership• Charts the Course• Raises the Bar• Energizes Others• Resourcefully Innovates• Lives 3M Values• Deliver Results

3M

The Twin Cities

• Population: 2.6 million

• Outdoors: lakes, parks, rivers

• Theatre/Arts/Museum/Music

• Shopping & Nightlife: Two

Downtowns, Mall Of America

• Professional Sports: Timberwolves, Lynx, Twins, Vikings, Wild, Saints, Thunder

                                                   

Twin Cities Facts

• Most theater seats per capita than any city other than NYC

• More golfers per capita than any other US city• More shoreline than CA, FL, HI combined (MN)• Accolades:

– Third “Cities that rock”– Second coolest community for young talent– Cleanest city– Most walkable community– Second best city for running– Most Livable State

               

            

               

            

Recruiting Core Schools