1. Opportunities Within 3 Finance Indiana University Professional Opportunities Orientation Program Sessions September 17, 2002

2. 2001 Worldwide Sales were $16.1 Billion Headquarters Located in St. Paul, MN 6 Market Segments 70,000 Employees Worldwide Global Company 3 Overview

3. Transportation,Graphics & Safety Mkts 2001 Sales: $3.5 B Health Care Mkts 2001 Sales: $3.4 B Specialty Material Mkts 2001 Sales: $1.0 B 3 Market Structure

4. Consumer & Office Mkts 2001 Sales: $2.7 B Industrial Mkts 2001 Sales: $3.2 B Industrial Mkts 2001 Sales: $3.2 B Electro & Communications Mkts 2001 Sales: $2.2 B 3 Market Structure

5. Operations in > 60 Countries Sales in > 200 Countries (Int’l = 53% of Total Sales) 75% of Executives Have International Experience 99% of Int’l Employees Are Local Nationals 3 International International Is 3M’s Single Biggest Growth Platform

6. W. James McNerney CEO W. James McNerney CEO Patrick D. Campbell CFO Patrick D. Campbell CFO Controllers/ Ops Finance Corporate Audit Corporate Audit Treasurers Tax 3 Finance Organization Fin. Planning & Analysis Fin. Planning & Analysis

7. 3 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.

8. 3 Finance The Finance Leadership Profile….  CEO’s Right Hand Resource - Administrator of data (transaction productivity) - Controllership (reporting/business controls) - Business partner (strategic support, analysis, execution) - Leader (change agent, chart the course)  Provide Information (Timely, Relevant, Consistent) - Equal emphasis on revenue and cost - Drive ‘Cash is King’ mentality  Fiduciary Conscience Of The Business  Develop Operational Business Leaders Team Player…Driving Results

9. W. James McNerney CEO W. James McNerney CEO Patrick D. Campbell CFO Patrick D. Campbell CFO Controllers/ Ops Finance Corporate Audit Corporate Audit Treasurers Tax 3 Finance Organization Fin. Planning & Analysis Fin. Planning & Analysis New Employees Typically Begin In Corporate Audit Or Controllers/Operations Finance =Grad

10. …An Independent & Objective Assurance & Consulting Activity… …Whose Purpose Is To Evaluate & Improve Risk Management & Control Processes… …Acting As A Partner To 3M Business Units 3 Corporate Audit 3 Corporate Audit Is…

11. Broad Exposure to 3M…  Business Audits (Divisions)  Functional Audits (Sourcing, Engineering, etc.)  Location Audits (Production/Distribution Facilities) Audit Performance  Work as an Audit Team  Gather & Analyze Information  Present Recommendations to Business Decision Makers Lead An Audit Team Travel  Production & Distribution Facilities Offer Travel Opportunities 3 Corporate Audit Opportunities Within Corporate Audit…

12. Accurate & Efficient Financial Reporting Financial Counsel to Business Units & Plants Protect & Enhance Shareholder Value Org Structure Mirrors the Corporation Finance Group w/in Each Business Unit Integral Part of the Business Team 3 Controllers/Operations Finance The Role of 3 Controllers/Ops Finance is…

13. Information Preparation and Delivery  Accurate, Timely, & Representative Financial Reports  Internal & External Business Counsel  Business Analysis, Planning, & Projections  Assess & Prioritize Investments/Resources Plant Finance  Forecasting & Budgeting Process  Working Capital Management Analysis  Cost Reduction & Capacity Planning Programs Opportunities W/in The Controllers/Ops Finance Area… 3 Controllers/Operations Finance

14. 1-2 Years in First Position Opportunities Abound for Upward & Lateral Moves –Treasury –Business Development / M&A –Financial Planning & Analysis (5 Corporate Initiatives) Longer Term General Manager Opportunities 3 Career Path Movement w/in Finance & Other Areas Encouraged… Freedom To Take Control of & Guide Your Own Career!

15. Accounting & Finance Majors Solid Academic Performance Excellent Communication Skills Relevant Work Experiences Leadership Experiences Willing to Travel Geographically Flexible Change Agent 3 Finance What We Look For… In Summary, 3M Is Looking For LEADERS!!!

16. 3 Leadership Attributes Charts The Course Raises The Bar Energizes Others Resourcefully Innovates Lives 3M Values Delivers Results Employees Advance Based on Performance in These Areas

17. Annual Performance Reviews & Development Planning New Employee Roundtable Six-Sigma Training Continuing Education – Tuition Reimbursement Leadership Development Institute Certifications Professional Organizations Relocation Opportunities 3 Training & Development The Most Successful Employees Are Constantly Growing Their Skill Sets

18. Summary 3M Offers a Chance to Participate in A Company Undergoing a Cultural Rebirth…Making a Great Company Even Better 3M Finance Expected to Lead the Transformation…the Right Hand Business Partner The Game Plan is Underway…The Performance is High…Looking for Leaders to Accelerate the Pace

19. 3 Stock Performance Stock Price Performance In Tough Times… 3 DJIA GE S&P 500

20. This is an Exciting Time For You… …ENJOY IT! Summary