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

2. 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. 3M

3. Our Brands

4. 3M 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.

5. 3M Creating Shareholder Value Financial Counsel, Team Participation Planning and Forecasting External Reporting Internal Controls Investment Analysis Mfg. Plant Accounting & Counsel New Product Cost Analysis Finance Responsibilities

6. 3M Finance Hiring Model Objective / Goal: Quickly develop high potential new hires by providing meaningful learning experiences and leadership opportunities.

7. 3M 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

8. 3M 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

9. 3M Finance Leadership Program Controllers Corporate Accounting Corporate Auditing Credit Financial Planning & Analysis Insurance Investor Relations Mergers & Acquisitions Tax Treasurers Assignment Opportunities in any area of Finance: Recommend a core experience that includes Corporate Auditing and Controllers

10. 3M 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 Audit Performance Travel Corporate Auditing

11. 3M 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

12. 3M Treasury & Tax Treasury Financial Risk Management Insurance Business Development Credit Benefit Funds Investment Tax Compliance Tax Planning Setting Inter-company Markup Factors

13. 3M 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 3M to the Investment Community – Qtrly Earnings Announcements & Investment Conferences – Meetings with Analysts and Portfolio Managers

14. 3M FLP Controllers Financial Counsel / Operational Accountant Manufacturing Counsel (Plant acct.) Corporate Accounting Financial Systems Treasury Financial Markets Analyst Pension Analyst Other Business Unit Six Sigma Tax Analyst IR Analyst FP & A M & A Corporate Auditing Advanced Auditor Career Options

15. 3M 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…

16. 3M 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

17. Global Leadership Model R = Required D = Desired HD = Highly Desired V = Valued PC = Primarily Controllers

18. 3M Questions?