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

2. 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 For 2004 …...…………….… $1.1 billion Total last 5 years..………… $5.5 billion Employees Worldwide…...………………….. 67,071 United States..………………… 32,648 © 3M 2004. All rights reserved. 3M

3. Today’s Structure Display and Graphics Business Health Care Business Industrial Business Electro and Communications Business Safety, Security and Protection Services Business Consumer and Office Business Transportation Business © 3M 2004. All rights reserved. 3M

4. *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

5. 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 *3M 2004 Sales $20.0B

6. 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 *3M 2004 Sales $20.0B 2004 Sales = $3.4B

7. 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 *3M 2004 Sales $20.0B

8. 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

9. 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 *3M 2004 Sales 20.0B

10. 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 *3M 2004 Sales $20.0B

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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 3 Business Units. 3M

13. 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

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

15. 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

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. 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

23. 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

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 Are Constantly Growing Their Skill Sets 3M

25. 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

26. Finance Competency 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 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