Capital Markets Day

18 January 2005
A World of Resources.
A Universe of Experience.
Technology Within Your Reach.
 AGENDA
Minerals Industry Overview
General Company Overview
Organization Structure
Products / Technologies / Industries /
Competitors
Financial Review
Historical Performance
2004 Market Conditions
Growth Opportunities
 23 BILLION T/YEAR OF ROCK CRUSHED

METALLIC
MINERALS
AGGREGATES

INDUSTRIAL ENERGY MINERALS

MINERALS

27% Sand & Gravel 22% Stone

17% Coal 7% Cement
15% Oil Based 5% Iron Ore
5% Hard Rock Mining 2% Other
 Exploration Expenditures

Non Ferrous Mineral Exploration 1989-2003

5000 9

8
4000 7

6
3000
US$ MM

4
2000
3

1000 2

0 0
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003

Investment in Exploration Number of Discoveries

Source: Metals Economics Group, 2000

 Mining is Capital Expenditure
Intensive

Annual Capex of the Mining Industry

Source: CRU Copper Studies, Oct. 2001

 Major Producers

Copper, 2002 Codelco Platinum, 2002 Others

7%
Total = 13,5 Mt 15%
Phelps Total = 180 t Anglo
Next 5 Platinum
Dodge
Others 9% 36%
10%
27% Inco
3%
BHP
Billiton Lonmin
9% 12%

Next 5 Rio Tinto

24% Grupo 8%
Norilsk Impala
Mexico
15% 18%
7%
NewmonAnglo
Iron ore, 2002 CVRD
Gold, 2002
t
9%
Gold
14% 7%
Total = 1000 Mt Total = 2500 t
Rio Tinto Barrick
11% 7%
Gold
Others BHP Fields
54% Billiton 6%
Others
7% 53% Rio Tinto
Caemi
4%
3%
Next 5
Kumba
Next 5 14%
3%
8%

Source: CRU; UBS Warburg

 Modern Mining Methods using Large Scale Equipment
have Reduced the Necessity for Labor Utilization.

Labor Utilization in the Productivity of Copper

Mining Industry Operations

Others
14000
Poland
USA
12000
South Africa 140
Ukraine
10000 120
India

lb equiv / man-hour
China 100
employees

8000
80

6000 60

40
4000
20

2000 0
1990
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
0
1990 1995 2000
* Selected countries; not including small scale
mining

Source: International Labor Office; United Nations; US Department of Commerce; Brook Hunt 2002.
 Segmentation of Processing Requirements of Copper,
Aluminum and Iron
FFE Minerals is highly dependent on Copper Processing
for its Minerals Technology Group compared to Al and Fe.

% cost of production, 2002 Value

US$ B

Mining & Processing SmeltingRefining

Copper 79%
26
10% 11%

Mining
Aluminum
Aluminum(Bauxite) Alumina 42
18% 72%
11%

Pelletizing
6%

Mining Steel Production

Iron 275
10% 84%

Source: CVRD; IISI; IBS; USGS; BNDES; IAI; Anlises CVRD

 Mineral Assets are Principally Distributed
in 12 Countries

Geographic Distribution of Minerals Nicke

l
Zinc
Russia
6 Products Copper
US$10.9Bn/Yr Platinum
Palladium
Coal
Canada
Bauxite
8 Products
US$6.1Bn/Yr Alumina
Aluminum
Chrome
United States
6 Products Iron Ore
US$8.8Bn/Yr Molybdenite
Niobium
China
Tantalum
6 Products
US$14.9Bn/Yr
Peru Guinea India
3 Products 1 Product 4 Products
US$2.3Bn/Yr US$0.4Bn/Yr US$4.4Bn/Yr

Indonesia
Chile 2 Products
2 Products US$2.4Bi/Ano
US$7.3Bn/Yr Brazil
5 Products South Africa
Country
Country US$5.8Bn/Yr 4 Products Australia
Type
Type of
of Mineral/Products
Mineral/Products US$5.6Bn/Yr 9 Products
Value
Value of
of Sales
Sales // Year
Year US$21.9Bn/Yr
 Chinese Imports Create a Demand for Minerals
and Metals

Chinese Imports of Metal Commodities

Copper (kt) 120

Iron ore (Mt)
3000
2500 100

2000 80

1500 60

1000 40

500 20

0 0
1997 1998 1999 2000 2001 2002 1997 1998 1999 2000 2001 2002

Alumina Nickel (kt)

(kt)
5000 40
4000
30
3000
20
2000
10
1000

0 0
1997 1998 1999 2000 2001 2002 1997 1998 1999 2000 2001 2002
-10

Source: Chinese Customs Statistics UBS Warburg

 AGENDA
Minerals Industry Overview
General Company Overview
Organization Structure
Products / Technologies / Industries / Competitors
Financial Review
Historical Performance
Current Year
Growth Opportunities
 WHO IS FFE MINERALS?

We are a relatively young

company, formed in 1996, but
with 100 year old roots.

We are a subsidiary of FLS

Industries A/S, Denmark.

We are worldwide with offices

located in Australia, Brazil,
Canada, Chile, China,
Denmark, India, Mexico,
South Africa and the USA.
F - F.L. Smidth

F - Fuller

E - Engineering
 MISSION
The purpose of our business is to improve the benefits
and quality of solutions for customers who expect
break-through technology, quality and services. Our
foundation is our technical expertise, integrity,
accountability individually and in teams - and the
pursuit of excellence in everything we do. We will
produce sufficient financial results to enable profitable
growth, creating superior stakeholder value.
 VISION

To be the partner of first choice in the Minerals

Processing Industry by providing technology based on
world-class, engineered solutions and unique
performance enhancing services.
 FFE MINERALS ORGANIZATION
2004
Turnover - $ 280 M
Employees 1050

F. L. Smidth

FFE Minerals
Corporation

FFEM FFEM FFEM FFEM FFEM FFEM

USA Australia Canada Denmark India South Africa

Rep Office ABON FFEM FFEM FFEM FFEM

China Engineering Chile Brazil Mexico Vecor

FFEM
Buffalo
 GEOGRAPHIC OFFICE SUPPORT

FFE Minerals Corporate Headquarters

FFE Minerals Subsidiary Offices Employees 1050
FFE Minerals Engineering Offices
 FFE MINERALS
Significant growth opportunities exist within the
minerals industries. The market is HUGE!

Relationship with FLSmidth can be further

leveraged to give FFE Minerals a technical
advantage over competitors in certain industries.

FFE Minerals has been a consistent, profitable and

improving performer within the FLSmidth Group
since 1997.

Growth in Minerals is strategic for FLSmidth.

 KEY COMPETITORS FOCUS ON PARTS&SERVICE AND
INDUSTRY CONSOLIDATION, BUT HAVE DIFFERENT
SEGMENT FOCUS

Largest competitor in Metallic Minerals and Aggregates

Metso
Metso
with large focus on Aggregates
Present in all product segments
Key trends Strong after market focus (~40% of sales)
Acquisition growth strategy slow due to poor financial
results for the Group

Among top two competitors in Aggregates, little overlap in

Competitors Sandvik
Sandvik Metallic Minerals
are consolidating
Products in Material Handling and Crushing
the industry
Strong after market focus (3540%) of sales
All main players Aggressive acquisition based growth strategy focussing
increasingly on after market businesses
focus on the Top player in Metallic Separation and Pyroprocessing
after market Outokumpu
Outokumpu
High focus on Metallic Processing plants
Acquisition based growth into new market segments
(Lurgi Metallurgie, Nordberg grinding mills,Supaflow
water treatment)

Strong player in Metallic Separation and Dewatering

GL&V
GL&V
High focus on Aftermarket Parts
Acquisition based growth focused on Consolidation (Dorr
Oliver, Eimco)
A World of Resources.
A Universe of Experience.
 FFE MINERALS

FOUR MAIN OPERATING GROUPS:

MINERALS TECHNOLOGY GROUP

PYRO TECHNOLOGY GROUP

MATERIALS HANDLING GROUP

SERVICE TECHNOLOGY GROUP

 COLD AND HOT HAVE VERY DIFFERENT CHARACTERISTICS, AND THE
LARGE, ATTRACTIVE PARTS&SERVICE MARKET IS MORE CLOSELY LINKED
TO COLD THAN TO HOT

USD millions

Market Hot Market

Market
Cold Market
ptential:
potential:
potential: ptential:
~1000
~1000
More standardized product 2,5003000
2,5003000 High degree of engineering
range input/laboratory testing
Process knowledge an High degree of process knowledge
advantage a must
Parts intensive Parts consumption lower
Large variation in order size Large, higher margin orders with
and frequency less frequency
Equipment warranty required Process performance,
Quoted/sold as separate environmental compliance and
components equipment warranty needed
Dominated by Metso, FFEM Turn-key often required
and Outokumpu Niches controlled by smaller
players
Stronger link Weaker link
Market
Market potential:
potential:
Parts&Service
7,000-10,000
7,000-10,000

Parts regularly End-user direct business Retrofit at long intervals

replaced Low degree of eng. input Strong competition from
On-site maintenance Smaller orders/higher independent service
conducted in-house margins providers (e.g. for plant
(potentially Responsiveness is key audits)
outsourced)
 MINERALS TECHNOLOGY
GROUP

Provides crushing, grinding, hoisting and

separation equipment for the minerals industry.
 Minerals Technology Group
We
We provide
provide processes
processes and and systems
systems which
which include
include primary
primary crushing
crushing plants,
plants, milling
milling
systems,
systems, and wet or dry classification systems for all minerals, including iron, gold,
and wet or dry classification systems for all minerals, including iron, gold,
copper,
copper, nickel,
nickel, lead,
lead, zinc
zinc and
and coal.
coal.
STRONG
STRONG PRODUCT
PRODUCT RANGE
RANGE
Crushing
Crushing
Primary
Primary gyratory
gyratory and
and jaw
jaw crushers
crushers
Impact
Impact crushers
crushers and
and hammer
hammer mills
mills
Low-speed sizers
Low-speed sizers

Grinding
Grinding
Autogenous
Autogenous andand semi-autogenous
semi-autogenous mills
mills
Ball
Ball mills
mills
Rod
Rod mills
mills
Rotary scrubbers
Rotary scrubbers
Pebble mills
Pebble mills
Roller
Roller mills
mills
Separation
Separation Technology
Technology
Flotation
Flotation cells
cells
Hydrocyclones
Hydrocyclones
Tecgnequip
Tecgnequip valves
valves
High
High efficiency
efficiency O-Sepa
O-Sepa dry
dry classifiers
classifiers
Mine
Mine Hoists
Hoists
FFEM-Vecor
FFEM-Vecor wirewinders
wirewinders

We are not new to the industry

MINERALS PROCESSING PRODUCTS
 THE MINING PROCESS FOR MOST HARD
ROCKS (I.E., COPPER, GOLD,
PLATINUM,)
1.2-1.5 M
~200 mm
6-10mm

SAG MILL BALL MILL

CRUSHER
6-10 mm

~200 mm
0.075mm
 TOTAL CRUSHING EXPERIENCE
PRIMARY GYRATORY CRUSHERS 391

PRIMARY DOUBLE TOGGLE JAWS 520

PRIMARY SINGLE TOGGLE JAWS 15

SECONDARY GYRATORY CRUSHERS 145

TERTIARY CRUSHERS 310

TOTAL CRUSHERS 1,381

 Primary Gyratory Crushers
Manufacturer of
Gyratory Crushers
Since 1904
ABON Sizer
 TOTAL MILLING EXPERIENCE
TRUNNION SUPPORTED BALL & ROD MILLS 2,260

SHELL SUPPORTED BALL MILLS 123

TRUNNION SUPPORTED SAG MILLS 121

SHELL SUPPORTED SAG MILLS 21

SHELL SUPPORTED SCRUBBERS 15

TOTAL MILLS 2,540

 SAG & BALL MILLS

THESE MILLS RANGE IN SIZE

FROM 10 DIAMETER TO 38
DIAMETER
THE PURPOSE OF THE MILLS IS TO
FURTHER GRIND THE ROCK TO
.075mm
SAG/BALL MILL SHELLS

BALL MILL SHELLS

BEING TRANSPORTED
TO THE ANTAMINA
JOBSITE IN PERU
 Minerals Technology Group
Large Project Experience
ANTAMINA, PERU (Copper/Zinc)
11 xx 38
38 xx 21
21 SAG
SAG Mill
Mill @
@ 27,000
27,000 HP
HP
33 xx 24
24 xx 36
36 Ball
Ball Mill
Mill @
@ 15,000
15,000 HP
HP
26
26 Hydrocyclones
Hydrocyclones
11 xx 60
60 xx 89
89 Primary
Primary Gyratory
Gyratory

ESCONDIDA, CHILE (Copper)

11 xx 38
38 xx 22.5
22.5 SAG
SAG Mill
Mill @
@ 26,600
26,600 HP
HP
33 xx 25
25 xx 40
40 Ball
Ball Mill
Mill @
@ 18,000
18,000 HP
HP
11 xx 60
60 xx 110
110 Primary
Primary Gyatory
Gyatory
Escondida Phase IV 38 SAG Mill,
Chile
FFE MINERALS - TECHNEQUIP
 PYRO TECHNOLOGY
GROUP

Provides process expertise, equipment and

systems to the metallurgical and minerals
industries.
 Pyro Technology Group
We
We provide
provide total
total pyrometallurgical
pyrometallurgical solutions
solutions from
from R&D
R&D through
through to
to erection
erection and
and
commissioning
commissioning for for alumina
alumina and
and bauxite,
bauxite, lime,
lime, pulp
pulp and
and paper
paper and
and the
the
metalliferous
metalliferous industries.
industries.
STRONG
STRONG PRODUCT
PRODUCT RANGE
RANGE

Calcination
Calcination
Fluid
Fluid beds
beds
Rotary
Rotary kilns
kilns
Gas
Gas suspension
suspension
Drying/Preheating/Cooling
Drying/Preheating/Cooling
Rotary
Rotary
Flash
Flash
Fluid
Fluid beds
beds
Stone preheaters
Stone preheaters
Grate
Grate
SF
SF cross
cross bar
bar
Compax
Compax

Specialist
Specialist Equipment
Equipment
Coke
Coke oven
oven batteries
batteries
Slakers
Slakers // hydrators
hydrators
Pierce
Pierce Smith
Smith convertors
convertors
Hydrate
Hydrate coolers
coolers
Ladles
Ladles Alcoa Liquor burning kiln
Combustion
Combustion systems
systems
THERMAL PROCESSING OF MINERALS
(PHOSPHATES, SODA ASH, FERRO NICKEL, LIGHTWEIGHT
AGGREGATE, LIMESTONE)

FEED
CaCO3
(1/2-2LIMESTONE)
PREHEATER
GASES
CO2

FUEL

KILN PRODUCT
CaO
(LIME)
STEEL
FGD SYSTEMS
DUST COLLECTOR AG-NEUTRALIZER
PAPER BRIGHTENER
 KILNS
RANGE IN SIZE FROM 4 - 6 m DIAMETER
AND 33 TO 130 m LONG!
 MATERIALS HANDLING
GROUP

Provides technology for the mechanical and

pneumatic handling of minerals. The Materials
Handling Group will service industries already
served by FFEMs proprietary technologies.
 Materials Handling Group
We
We provide
provide processes
processes and
and systems
systems which
which transport
transport aa variety
variety of
of materials,
materials, and
and in
in
some
some cases
cases reduce
reduce the
the size
size of
of the
the materials,
materials, through
through integration
integration of
of FLS
FLS // FFEM
FFEM
materials
materials handling
handling and
and comminution
comminution technologies.
technologies.
STRONG PRODUCT RANGE

Crushing
Crushing Systems
Systems
Feeder
Feeder // breakers
breakers
Feeder / sizers
Feeder / sizers
Feeder
Feeder // crushers
crushers
Mechanical
Mechanical Handling
Handling
ConveyorKIT
ConveyorKIT pipepipe conveyors
conveyors
Traditional belt conveyors
Traditional belt conveyors
ABON
ABON roller
roller screens
screens
Stackers
Stackers // reclaimers
reclaimers
ABON
ABON andand Buffalo
Buffalo flight
flight bar
bar feeders
feeders
Apron feeders
Apron feeders

Pneumatic
Pneumatic Handling
Handling
Turbuflow
Turbuflow conveying
conveying pipe
pipe
Airlifts
Airlifts
Alumina handling
Alumina handling
Alumina direct pot
Alumina direct pot feeding
feeding
Fly ash handling
Fly ash handling
Storage
Storage silos
silos
 Materials Handling Stackers,
Reclaimers, Spreaders
FLS Group Experience 1161 Machines sold
MVT Materials
as of the end of 2004
Handling
GmbH

FFE
Minerals

K&E
FLS Materials
Industries
Handling A/S
GmbH
 Materials Handling Apron Feeders
Manufacturer of Apron Feeders
since 1940
148 Conventional Units Sold as
of December 2003
Completed product
development of a
tractor component
type Apron Feeder in 2003
5 Tractor Units Sold in 2004
 Materials Handling Overland
Pipe Conveyors
FFE Minerals
is currently
supplying the
worlds
longest pipe
conveyor at 5
km long.
 SERVICE TECHNOLOGY
GROUP

Provides maintenance, process, training, analytical,

construction, breakdown, troubleshooting and
replacement part support for the entire lifecycle of
our equipment.
 Service Technology Group
We
We provide
provide total
total service,
service, maintenance,
maintenance, asset
asset management
management and
and operational
operational
services
services to
to the
the minerals
minerals and
and metalliferous
metalliferous industries.
industries.

STRONG
STRONG PRODUCT
PRODUCT RANGE
RANGE

Products
Products
Original
Original OEM
OEM spares
spares
Product review and
Product review and improvement
improvement
Life
Life cycle
cycle analysis
analysis
Repair
Repair
Retrofits
Retrofits
Engineering
Engineering Services
Services
Equipment
Equipment audits
audits
Process
Process audits
audits
Testing
Testing
Erection
Erection supervision
supervision
Training
Training
Operations
Operations and
and Maintenance
Maintenance
Mill
Mill management
management
Plant
Plant maintenance
maintenance
Asset
Asset management
management Ring gear
Plant
Plant operations
operations
Technology Within Your Reach.
CVRD-BRAZIL
GYRATORY CRUSHER
ORAPA-BOTSWANA
13 DIAMETER SCRUBBERS
QUEENSLAND ALUMINA LTD
Australia
QUEENSLAND ALUMINA LTD
Australia
POTLATCH PAPER- USA
KILN AND PREHEATER
 AGENDA
Minerals Industry Overview
General Company Overview
Organization Structure
Products / Technologies / Industries / Competitors
Financial Review
Historical Performance
Current Business Conditions
Growth Opportunities
 FFE MINERALS
FINANCIAL HIGHLIGHTS

ACT ACT ACT ACT ACT

(US$'s 000) 1999 2000 2001 2002 2003
ORDER INTAKE:
SALES 130.4 157.5 158.3 150.5 213.9
CM 27.2 34.3 37.2 31.5 43.8

P&L HIGHLIGHTS:
REVENUE 152.5 131.2 158.7 135.1 191.4
EBIT 3.2 3.9 5.4 7.0 7.9
EBT 4.3 4.8 6.5 7.6 8.2
NET PROFIT 2.5 3.7 4.5 5.3 5.6

EVA 1.3 2.3 2.5 4.1 4.6

ROCE 12.3% 15.8% 16.6% 21.4% 20.7%

EMPLOYEES 582 624 674 685 744

 HISTORICAL ORDER INTAKE
ANALYSIS
220
200
180
160
US$'s Millions

140
120
100
80
60
40
20
0
1995 1996 1997 1998 1999 2000 2001 2002 2003

SALES CONTRIBUTION MARGIN

 SERVICE TECHNOLOGY
ORDER INTAKE
70

45.0% OF TOTAL CM
60
50
US$'s Millions

8.9% OF TOTAL CM

40
30
20
10
0
1995 1996 1997 1998 1999 2000 2001 2002 2003

SALES CONTRIBUTION MARGIN

 FFE
FFEMINERALS CORPORATION
MINERALS CORPORATION
FINANCIALHIGHLIGHTS
FINANCIAL HIGHLIGHTS 1996-2003
1996-2001
(US$ MILLIONS)

10
8
6
4
2
0
-2
-4
-6
-8
1996 1997 1998 1999 2000 2001 2002 2003

EARNINGS BEFORE TAX NET PROFIT

 FINANCIAL REVIEW
Business Conditions
Goals
Order Intake
Profitability
Net Sales
Contribution Margin
EBITA / EBIT / EBT
Order Execution
 BUSINESS CONDITIONS

Metals Prices are Strong and Expected to

Remain So
Copper Prices Highest Avg. Price in 15 Years
Gold Price Up 50% Since Jan 2002
Platinum Price Up 70% Since Jan 2002
Nickel Price Highest in 16 Years
Mega-Project Activity Picking Up

US$ Devaluation Harming Producer Profits

Particularly the Case for South African Platinum and
Gold Producers
 BUSINESS CONDITIONS

Indian Economy / Market Very Active

Pulp & Paper Market Mixed

Far East / Europe OK
Brazil Wave is Ended

Alumina Market to be Active for Next Two Years

China, India, West Africa, Brazil
 ORDER INTAKE 2004
Very Strong Performance In 2004
All Business Areas (MTG, PTG, MHG, STG) Are
Out-Performing Internal Targets and Historical
Averages
Market Conditions / Indicators Positive
India Market is Booming
Well Positioned on Several Major Orders
But.
 But.
Steel Prices are High
Energy Costs are High / Volatile
ZAR / USD Rate is High
Possible Copper Royalty in Chile and Peru
Above Factors Have Delayed Projects
In Spite of the Delays We Are Bullish for 2005
Order Intake
Delayed Projects From 2004 Give Us Reason
for Optimism for 2005 / 2006
 ORDER EXECUTION - 2004
What Have We Learned?
There is No Substitute For Experience
Experience in Cement Is Good, But Is Not Enough
Quality of FFEM Technical Personnel is Being Upgraded
Balance Cost Control w/ Risk Management
Enlist the Assistance of Outside Experts When Available

All Mechanical and Process Fixes Have Been

Incorporated on New Projects
ISO 9001-2000 System Works
Document Non-Conformance
Correct the Problem
Implement Preventative Action
 AGENDA
Minerals Industry Overview
General Company Overview
Organization Structure
Products / Technologies / Industries / Competitors
Financial Review
Historical Performance
Current Year
Growth Opportunities
 HOW WILL FFEM GROW?
Continue the focus on growth in parts & services

Integrate newly acquired technology to expand

FFEM product offerings (i.e. materials handling)

Continue to seek growth through alliances with

suitable and strategically aligned partners

Internal Developments R&D

Acquisitions
 2005 GOALS
Grow Business While Maintaining Control
Markets are Very Active in Most Segments
Take Advantage of Active Markets
But, Understand and Acknowledge our Limitations

Continue to Improve Profitability as % of Sales

Increase Sales at ABON, Buffalo and Technequip on
a Worldwide Basis
Surpass STG Bookings and Profitability
Continued Success in PTG (Close Projects)
Improve CMs in MTG
 2005 GOALS
Integrate New Technologies into FFE Minerals
FLS Material Handling
Mller Materials Handling
ConveyorKIT Pipe Conveyor

Expand from Equipment Supplier to System

Supplier / Solution Provider
Requires Investment in Technical Resources

Carefully Expand the Service Contracts

 CURRENT R&D PROJECT
FLOTATION DEVELOPMENT
Follows Crushing and Milling in Mining Circuit
Completes FFEM Concentrator Plant Offering
Same Customers / Same Sales Process
This Is Where The Value Is Added
Very Process Oriented
Better Recovery / Lower Energy Consumption
Prototype Units Currently in Operation
South Africa Platinum
Chile Copper
First Purchase Orders Received in Late 2004
 TYPICAL SULPHIDE ORE TREATMENT CIRCUIT

FLOTATION

PRIMARY
CRUSHING

FINAL
CYCLONES CONCENTRATE
TO SMELTER

SAG MILLING

BALL MILLING
TAILINGS THICKENER
WATER RECOVERY
CONCENTRATOR LOOKING EAST
LOOKING NORTH AT GRINDING AREA
Cu AND Zn FLOTATION AREAS
CONCENTRATOR BUILDING OVERVIEW
 ACQUISITION PROSPECTS
IMMEDIATE

Small to medium-sized regional companies

Specialized bolt-on technology

Parts & service intensive

Leverage worldwide FFEM Group

 Previous Acquisitions
1993 1997 1998 1999 2003
Technequip FFEM-Vecor ABON FFEM-Buffalo ConveyorKit
Canada South Africa Australia South Africa South Africa
 ACQUISITION PROSPECTS
FUTURE

Downstream Equipment Supplier (flotation/thickening)

Expansion of Pyro Capabilities

Expansion Further into Aggregates Equipment?

SUMMARY
 1995-2004 Achievements / Improvements
Established Global Presence / Grew Market Share
Chile South Africa
Australia Brazil
India
Acquired Technology
Hydrocyclones
Minerals Sizers
Feeder Breakers
Pipe Conveyors
Standardized FFEM Procedures Globally
Globalized a Direct Sales & Service Presence into Three
Divisions, Now Expanding to Four
 FFE Minerals Building Blocks
Growing Annual Revenue
Heritage Brand Names & Trademarks
Global Reach & Opportunity
Current Strong Market Segments

Product & Process Expertise

Strong Product / Application Resources & Data
Balance of Legacy & New Technology
Building Specific Process Expertise

Organization
Global Capabilities / Mining Specific
Growing with Volume
Committed, Knowledgeable & Capable Can Do Spirit
 Summary
Minerals markets are currently strong, led by the growth of
the developing countries

FFE Minerals Positioning:

Heritage brand names, niche products in crushing and milling
Developed consistently profitable Pyro-metallurgical business
Have grown the high margin/low risk Parts & Service business into
a strong profit earner
Expanding into downstream processing with the new flotation
products
Expanding into Material Handling with the expertise and technology
of FLSmidth
Have multiple platforms to accelerate growth
THANK YOU

QUESTIONS?