FMC : 4Q 2018 Earnings Call Presentation

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements made in this presentation that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2017 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.

Non-GAAP Financial Terms

These slides contain certain "non-GAAP financial terms" which are defined on our websitewww.fmc.com. Such non-GAAP financial terms used in this presentation focus on expected Adjusted Earnings for all EBITDA and EPS references. Although we provide forecasts for adjusted EPS, adjusted EBITDA, adjusted cash from operations and free cash flow (all of which are non-GAAP financial measures), we are not able to forecast the most directly comparable measures calculated and presented in accordance with GAAP. Certain elements of the composition of the GAAP amounts are not predictable, making it impractical for us to forecast. Such elements include, but are not limited to restructuring, acquisition charges, and discontinued operations and related cash activity. As a result, no GAAP outlook is provided.

Fourth Quarter

Revenue

Q4 2018

Q4 2017

'18 vs. '17

$1,219

$980

24%

24.4%

2018

2017

'18 vs. '17

$4,728

Full Year

$2,879

64%

• Adj. EBITDA (1) $319 $246

• % Revenue 26.2% 25.1%

  30% $1,305 $623 109% 27.6% 21.6%

• Adjusted EPS (1) $1.69 $1.10

54% $6.29 $2.71 132%

• GAAP Net Income $35 $531

• % Revenue 2.8% 54.2%

  -93%

  -93.4% $512 $538 -5% 10.8% 18.7%

• GAAP EPS $0.24 $3.94

-94% $3.69 $3.99 -8%

Note: Amounts in millions of USD

(1) Denotes non-GAAP financial term. Refer to definitions at the beginning of this presentation.

Drivers of Q4 Outperformance Versus Original Guidance

Q4 Adjusted EPS1 vs. Original Guidance2	+31 cents
Agricultural Solutions	+8 cents
Lithium	0 cents
Corp. expense & D&A	-1 cent
Lower tax rate	+21 cents
Share count	+2 cents
All others	+1 cent

Key Drivers of Outperformance

• • Agricultural Solutions outperformance driven by revenue strength in all regions

• • Lithium met expectations

• • Lower tax rate was driven primarily by a more favorable mix of earnings by jurisdiction and, to a lesser extent, by recent clarification of the international tax provisions of the 2017 U.S. Tax Cuts and Jobs Act.

• • Lower Share count after $200 million buyback

• • Corporate expense was higher, but offset by other factors

• (1) Denotes non-GAAP financial term. Refer to definitions at the beginning of this presentation.

• (2) Refers to midpoint of company guidance issued on November 5, 2018

Revenue

EBITDA

% Revenue

Revenue

Q4 2018	Q4 2017	% Chg
$1,099	$866 27%
$302	$223 35%
27.4%	25.8%

Q4 2018	Q4'17 PF	% Chg
$1,099	$930 18%

Note: Amounts in millions of USD

Key Drivers

• • Organic pro forma growth of 23% - excluding an estimated 5% headwind from FX - driven by all regions

• • EBITDA margin growth of 160 bps YOY to 27.4%

• • As a reminder, Q4 2017 included two months of results with the DuPont crop protection acquisition as that deal closed November 1, 2017