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Welcome!. Finance Opportunities. 3M. © 3M 2004. All rights reserved. 3M Facts Year End 2004. Sales Worldwide ..…………… $20.0 billion International (61% of total)………….. $12.1 billion Earnings Net income – reported … $2.99 billion. R&D Expenditures

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  1. Welcome! FinanceOpportunities 3M © 3M 2004. All rights reserved.

  2. 3M FactsYear End 2004 Sales Worldwide ..…………… $20.0 billionInternational (61% of total)………….. $12.1 billion Earnings Net income – reported … $2.99 billion R&D Expenditures For 2004 …...…………….… $1.1 billion Total last 5 years ..………… $5.5 billion Employees Worldwide …...………………….. 67,071 United States ..………………… 32,648 3M © 3M 2004. All rights reserved.

  3. Today’s Structure TransportationBusiness Display andGraphicsBusiness Consumer andOffice Business HealthCareBusiness Safety, Securityand ProtectionServices Business IndustrialBusiness Electro andCommunicationsBusiness 3M © 3M 2004. All rights reserved.

  4. Health Care 2004 Sales= $4.2B *3M 2004 Sales $20.0B • 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

  5. Industrial 2004 Sales= $3.8B $3.4B *3M 2004 Sales $20.0B • 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

  6. Display & Graphics 2004 Sales= $3.4B $3.0B *3M 2004 Sales $20.0B • Products/Services • Vikuiti™ brightness enhancement films • Projection display components • Touch systems • Traffic safety systems/services • Scotchprint® large-format graphics • End Markets • Electronic displays for consumer & industrial • Roadway construction • Commercial advertising • Federal, state & local governments

  7. Consumer & Office $2.6B 2004 Sales= $2.9B *3M 2004 Sales $20.0B • 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

  8. Safety, Security &Protection Services 2004 Sales= $2.1B *3M 2004 Sales $20.0B • End Markets • Personal protection • General industrial • Government • Building maintenance • Construction • Products/Services • Personal protection equipment • Theft/counterfeit prevention systems • Asset tracking systems • Fire Protection • Films for solar/blast protection

  9. Electro & Communications 2004 Sales= $1.9B *3M 2004 Sales 20.0B • End Markets • Industrial & power utilities • Electrical construction & maintenance • Electronics • Telephone & computer networks • Cable television • Products/Services • Electrical products • Flexible circuits • Electronic and interconnect solutions • Telecommunications products

  10. Transportation 2004 Sales= $1.7B $1.5B *3M 2004 Sales $20.0B • 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

  11. Our Brands

  12. 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

  13. Responsibilities • Creating and Protecting Shareholder Value • Financial Counsel, Team Participation • Planning and Forecasting • External/Internal Reporting • Internal Controls • Investment Analysis • Mfg. Plant Accounting & Counsel 3M

  14. FinanceOrganization Patrick D. Campbell CFO Business Finance FP&A Corporate Accounting Corporate Audit Tax & Treasurers M & A GBP Six Sigma FT&D Investor Relations Business Accounting Center General Accounting Accounting Policies & Research SOX Compliance

  15. Corporate Audit 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 3M

  16. Business Finance Role • 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

  17. Corporate Accounting Role • 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

  18. Treasury & Tax Treasury • Financial Risk Management • Insurance • Cash Management • Credit • Benefit Funds Investment • Financial Counsel Tax • Compliance • Tax Planning • Financial Counsel 3M

  19. M&A, FP&A, IR Mergers & Acquisitions (M&A) • Evaluate M&A Opportunities • Exploratory Analysis • Due Diligence • Integration Planning Financial Planning & Analysis (FP&A) • Corporate Initiatives • Ad hoc Analysis for Finance Executives • New Department...Opportunity to Define Role Investor Relations (IR) • Face of 3M to the Investment Community • Qtrly Earnings Announcements & Investment Conferences • Meetings with Analysts and Portfolio Managers 3M

  20. 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

  21. 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

  22. Business Finance Business Accounting Center Corporate Accounting Corporate Auditing Credit Financial Planning & Analysis Insurance Investor Relations Mergers & Acquisitions Tax Treasurers Finance Leadership Program Assignment Opportunities in any area of Finance: Recommend a core experience that includes Corporate Auditing, Business Finance and/or the Accounting Center 3M Full-time Hires

  23. Career Options Treasury Financial Markets Analyst Pension Analyst Corporate Auditing Advanced Auditor M & A FLP Accounting Center Corporate Accounting Business Accounting IR Analyst Business Finance Business Financial Analyst Plant Financial Analyst Tax Analyst FP & A Other Business Unit / Six Sigma 3M

  24. Finance Hiring Model Training & 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

  25. What We Look For… • Accounting & Finance Majors • Solid Academic Performance • Excellent Communication Skills • Relevant Work Experiences • Leadership Experiences • Willing to Travel • Geographically Flexible • Change Agent Teamwork Bottom Line = Be a Leader! 3M

  26. Technical 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 Finance Competency 3M

  27. 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

  28. 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

  29. Recruiting Core Schools

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