Welcome Finance Opportunities 3 M 3 M

Welcome! Finance Opportunities 3 M © 3 M 2004. All rights reserved.

Company Overview • • 2003 Worldwide Sales were $18. 2 Billion 67, 000 Employees Worldwide Headquartered in St. Paul, MN Global Company – Operations in more than 60 countries, Sales in 200 countries – 58% of sales outside the U. S. – 50% of employees outside the U. S. 3 M

Our Brands

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 3 Business Units. 3 M

Finance Responsibilities • Creating Shareholder Value • Financial Counsel, Team Participation • Planning and Forecasting • External Reporting • Internal Controls • Investment Analysis • Mfg. Plant Accounting & Counsel • New Product Cost Analysis 3 M

Finance Hiring Model Objective / Goal: Quickly develop high potential new hires by providing meaningful learning experiences and leadership opportunities. 3 M

Finance Hiring Model Training & Development • • • On-the-job Training & Development Planning New Hire Orientation New Employee Roundtable Mentoring Program Finance University Certifications Professional Organizations Six Sigma Training Relocation Opportunities Buddy Program The Most Successful Employees Are Constantly Growing Their Skill Sets 3 M

Finance Leadership Program • Provide undergraduates broad finance experience at accelerated rate • A 24 to 36 month program consisting of 2 to 3 rotations, ranging from 10 to 12 months each • Program begins July of each year, training first two weeks • Regular performance evaluations during each assignment • After program graduation, increased responsibilities within the Finance organization 3 M

Finance Leadership Program Assignment Opportunities in any area of Finance: • Controllers • Corporate Accounting • Corporate Auditing • Credit • Financial Planning & Analysis • Insurance • Investor Relations • Mergers & Acquisitions • Tax • Treasurers Recommend a core experience that includes Corporate Auditing and Controllers 3 M

Corporate Auditing Role • An Independent & Objective Assurance & Consulting Activity… • Purpose Is To Evaluate & Improve Risk Management & Control Processes… • Acts As A Partner To 3 M Business Units Opportunities • Broad Exposure to 3 M • Audit Performance • Travel 3 M

Controllers/Operations Finance Role • Financial Counsel to Business Units & Plants • Accurate & Efficient Financial Reporting • Protect & Enhance Shareholder Value • Organization Structure Mirrors the Corporation • Finance Group w/in Each Business Unit • Integral Part of the Business Team Opportunities • Business Counsel • Information Preparation and Delivery • Plant Finance 3 M

Treasury & Tax Treasury • Financial Risk Management • Insurance • Business Development • Credit • Benefit Funds Investment Tax • Compliance • Tax Planning • Setting Inter-company Markup Factors 3 M

M&A, FP&A, IR Mergers & Acquisitions (M&A) • Constantly Evaluating Potential Deals – 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 3 M to the Investment Community – Qtrly Earnings Announcements & Investment Conferences – Meetings with Analysts and Portfolio Managers 3 M

Career Options Treasury Corporate Auditing Advanced Auditor Financial Markets Analyst Pension Analyst M & A Other FLP Business Unit IR Analyst Controllers Financial Counsel / Operational Accountant Manufacturing Counsel (Plant acct. ) Corporate Accounting Financial Systems Six Sigma Tax Analyst FP & A 3 M

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 Bottom Line = Be a Leader! 3 M

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

R = Required Global Leadership Model JG'S 11 -12 D = Desired HD = Highly Desired V = Valued PC = Primarily Controllers Manager Director VP/GM Undergraduate degree MBA, JD R HD R R Post-graduate coursework On-going education work (External & Finance U) CPA/CMA/CFM/CIA/CPCU/CFA ALDP V R D V HD R HD R Experiences Experience outside 3 M V V Exposure, breadth, geography Multiple divisions (PC) R R Multiple functions (Finance or other) D HD R R Multiple Industries (PC) D R R R International - Outside home country V HD R R Corporate Headquarters V HD HD R Factory (PC) R R HD HD Subsidiary (PC) V D HD HD Intra-country locations (PC) D HD R R Six Sigma leadership (BB, MBB) Business Critical Y Project Cluster leader Project leadership V V D HD V HD HD R R R Enterprise -wide software applications (ERP) or similar implementation Business process re-engineering Team involvement beyond job D D R HD HD R R Acquisition/Business Alliance integration D HD R R Acquisition/Alliance due diligence D HD R R External Negotiation involvement (customers, gov't, vendors, suppliers) HD R R R External Influencing External influencing/lobbying External networking/benchmarking Community Service V HD D HD R HD HD R R R People Development Managing and developing people V R R R Training Finance people R R Training non-Finance people R R Academic Certification Credentials On-site plant accounting (PC) Project Management Data Driven Leadership Teamwork Business Development Experiences

Questions? 3 M