Latin America Rosa Miller Vice President

Sustaining Credibility &

Profitable Growth

Investors Presentation September 9, 2008 © 3M 2008. All Rights Reserved.

2008 3M Investor Conference

Latin America Area ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ

21,076,501 square kilometers 578 million people well-related to the U.S. Improved political, social and economic stability GDP growth of 4.2% Literacy rate of 89% Spanish, Portuguese, English primary languages Well-educated middle class Brand drives people’s behavior Strong and competitive manufacturing base in Brazil and Mexico Huge Opportunity… In Our Backyard

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2008 3M Investor Conference

Latin America Area ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ

21,076,501 square kilometers 578 million people well-related to the U.S. Improved political, social and economic stability GDP growth of 4.2% Literacy rate of 89% Spanish, Portuguese, English primary languages Well-educated middle class Brand drives people’s behavior Strong and competitive manufacturing base in Brazil and Mexico Huge Opportunity… In Our Backyard

6

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2008 3M Investor Conference

Latin America Area Key Economics

Economic Outlook ƒ Strong historical GDP growth performance ƒ Domestic demand remains generally vigorous to drive growth in the range of 4+ percent in 2008 ƒ Impact of exports and US economy (*) Sources: IMF, National Authorities, Global Insight, Citigroup Global Markets and Prudential Economical Outlook

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2008 3M Investor Conference

Latin America Area Key Economics

Changing the Landscape ƒ ƒ ƒ ƒ ƒ

Unemployment improvement Inflation dynamics Real exchange rates appreciation Raising productivity Political, economical and monetary policies (*) Sources: IMF, National Authorities, Global Insight, Citigroup Global Markets and Prudential Economical Outlook

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2008 3M Investor Conference

3M Has A Long History in Latin America Ecuador Chile Dominican Republic Costa Rica Panama Venezuela

Peru Colombia Puerto Rico Argentina Mexico

Brazil

1960

1940 9

1970

…and Create aa Successful …and We We Continue Continue to to Successful Future Future 2008 Create 3M Investor Conference

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1980

3M Latin America Recent Performance Revenue ($B)

Operating Income ($M)

CAGR CAGR 14% 14%

CAGR CAGR 13% 13% $428

$1.7

$1.0

$1.2

$1.3

$351

$1.4 $1.0

$0.9

2002 2003 2004 2005 2006 2007 2008 1st

Half

$234

$259

$287

* Excluding pharma business and special items. © 3M 2008. All Rights Reserved.

$273

2002 2003 2004 2005 2006 2007 2008

3X GDP/IPI Growth 10

$305

2008 3M Investor Conference

1st Half

3M Latin America Recent Performance ƒ Doubled the size in the last 5 years ƒ Bigger than Optical Business, China, India and Central Eastern Europe ƒ 3M Brazil larger than 3M Italy and 3M France ƒ Growth Drivers: consumer and office, oil and gas, manufacturing, mining, agriculture and construction ƒ Creative, talented and passionate employees 3X GDP/IPI Growth 11

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2008 3M Investor Conference

3M Latin America Strategies

ƒ Growing the core ƒ Investing in the future

CENTRAL AMERICA: PANAMA PACIFICO as a new company

ƒ Improving supply chain speed and efficiency ƒ Penetrating new markets ƒ Making talent a strategic priority 12

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2008 3M Investor Conference

3M Latin America Growth Top Opportunities ƒ Market Focus: oil and gas, mining, construction ƒ Localization: Brazil, Mexico, Panama Pacifico ƒ Penetration in Brazil and Mexico ƒ Targeted M&A ƒ Key account management ƒ Management Innovation: people & talent 13

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Strategy Across Four Primary Drivers Strategic Thrust

Grow the Current Core

Complementary Acquisitions

Build New Businesses

International Growth

The Four Cornerstones of the International Growth Plan

Portfolio Management & Geographic Expansion

Brand & Reputation Building

R&D & Supply Chain Localization

Human Capital Planning

Corporate Corporate Strategies Strategies and and International International Cornerstones Cornerstones Totally Totally Aligned Aligned 14

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2008 3M Investor Conference

Building Global and Local Strength

Globalization Four Cornerstones of Localization Portfolio Management & Geographic Expansion

15

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Brand and Reputation Building

R&D and Supply Chain Localization

2008 3M Investor Conference

Human Capital Planning

Building Global and Local Strength

Globalization Four Cornerstones of Localization Portfolio Management & Geographic Expansion

16

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Brand and Reputation Building

R&D and Supply Chain Localization

2008 3M Investor Conference

Human Capital Planning

3M Latin America Local Market Penetration Health Care Consumer

Food & Beverage

Oil & Gas

Construction

17

Mining

Transportation

Priority Priority Markets Markets Critical Critical to to Deliver Deliver the the Growth Growth

Government

3M Latin America Key Customers

Key Accounts are a Significant Part of Latin America Growth 18

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2008 3M Investor Conference

Building Global and Local Strength

Globalization Four Cornerstones of Localization Portfolio Management & Geographic Expansion

19

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Brand and Reputation Building

R&D and Supply Chain Localization

2008 3M Investor Conference

Human Capital Planning

3M Latin America Consumer & Office Business 5 Years Sales Growth CAGR CAGR 24 24 % %

($M)

$290

$233 $232 $199 $198

$166 $123

2004

2005

2006

2007

2008E

Double Double the the Size Size in in 55 Years… Years… The The Power Power of of the the Brand Brand 20

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2008 3M Investor Conference

3M Latin America 2004-2008 Consumer and Office Growth Drivers ƒ Brand building through advertising/merchandising spending increase ®

ƒ Successful commercialization of new-to-the-market products ƒ Mass retailers’ relationship excellence ƒ Marketing innovation: in-store execution

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2008 3M Investor Conference

Scotch-Brite™ Twister

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2008 3M Investor Conference

Post-it® Twister

Cristal

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2008 3M Investor Conference

Building the Brand… Cero Rayas

Opportunity: Large scouring market size: Create a new product category to penetrate non-scratch scrub sponge segment

Expected Results: Upgrade the scrub laminate market and increase differentiation over competition

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2008 3M Investor Conference

Costa Rica – Building a New Category

Leadership

Growth

Mature

Cero-Rayas 400% sales increase

Urethane

Aqua Pad 15% sales increase 27% Incr.

Tenable

Favorable Strong

49% sales increase 36% Incr.

Gross Margin % 25 25

Early Growth

Weak



Competitive Position

Embryonic

50%-60%

60%-70%

Local Local Markets, Markets, Local Local Teams Teams … … Full Full Localization Localization

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Aging

Cero Rayas Twister

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Integrated Marketing Campaign Strengthen an emotional bond between the consumer & the brand by adopting their lifestyle through a usage experience

27

… … and and Continue Continue to to Expand Expand the the New New Category Category © 3M 2008. All Rights Reserved.

2008 3M Investor Conference

Building Global and Local Strength

Globalization Four Cornerstones of Localization Portfolio Management & Geographic Expansion

28

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Brand and Reputation Building

R&D and Supply Chain Localization

2008 3M Investor Conference

Human Capital Planning

3M Latin America R&D and Manufacturing Key Sites CENTRAL AMERICA: PANAMA PACIFICO as a new company

MEXICO: SANTA FE, SAN LUIS POTOSI, MONTERREY (*) (*) Mexican Maquilas not Included

BRAZIL: SUMARE, ITAPETININGA, RIBEIRAO PRETO, MAIRINQUE, MANAUS, SAO JOSE DO RIO PRETO

3M Brazil Laboratory R & D Capacities • Abrasives • Adhesives Am Bi Ad • Films • Filtration Ab Dd • Non Woven • Pol ymer Processing Ac Dm Fc • Precision Processing As Do Fi • Molding Ce Ep Fl • Surface Modification • Flexible Converting & Cp E t Fo Packaging • Acoustic Control • Particle & Dispersion Processing • Reclosable Fastening • Vegetal Oil Chemistry • Ethanol Processing Adhe siv es

Dr ug Del vi er y

Ac oustics

D si pl ay Ma ter a ils

Appl ci at o in Sof w t are

C era mi cs

Chem ci a l Pow er

Sou rc es

29

A dvanced Ma ter a ils

Abr a siv e s

Den tal & Or h t odont ci Ma ter a ils

Elect r onic P ackagi n g

Etha nol Pr oc es s ing

Rf

Bi otech

Re closa ble Fas te ners

Mr M ci r or epli cati o n

Nt Nano Techn ology

Fle x ible Conv e rting & Pa c k a ging

Film s

Fs Filtra tion, Se pa ra tion, Purific a tion

Im Imag n ig

Fl uor om at eri als

Fibe r

O pti cs

Ip In ks & Pigm ent s

Ir

Md

Im m un e R espon se

M edi cal Dat a

M odi fi e rs

M gm t

In tegr a t ed

Is

Me

Syst m es D esig n

Mat r xi Co mposi tes

Lm Li ght M gmt

M etal

Mi Mci r obia l De t ect o in &Cont r ol

Mo Molding

Nm

Pe

Rp

En g i n e ri n g & Mo d e il n g

R adiat o in Pr ocessing

P re d ci tvi e

Pm

Non wov e n M a te ria ls

Po y l mer M e lt Pr oc es s in g

Pc

Po

P reci sio n

P or ous Mat er a i l s&

Coa ti n g

Pd P ar ticle & D ispe rs io n Pr oce ss ing

Sm S pecial ty M at eri als

Su

M em bra nes

Surf a ce Modific ation

Pr

Wo

Pr ocess D esign &

W oun d M gmt

C ontr ol

Pp

Vo

P re c ision Proc e ss ing

Ve ge ta l O il Che m is try

Vp V acuum Pr ocessi ng

3M Latin America Acquisitions Higher organic growth results from more frequent acquisitions

Pomp – Brazil

Abzil – Brazil

•Safety market re-usable ear plug products eyewear & barrier creams

• Dental products • Brasilian orthodontic center 3M Brazil

He alth Care Busi ness Review

of excellence

Acquisitions Apr. 2008

Confi denti al

3

Growth

Base

Adding Adding Leading Leading Brand Brand Position Position in in Local Local Markets Markets 30

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Fiorentina - Argentina

Medisor – Chile

•Consumer market – innovative branding

•Medical products

•High-quality and differentiateddesigned products 2008 3M Investor Conference

Building Global and Local Strength

Globalization Four Cornerstones of Localization Portfolio Management & Geographic Expansion

31

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Brand and Reputation Building

R&D and Supply Chain Localization

2008 3M Investor Conference

Human Capital Planning

3M Latin America Human Capital Planning

ƒ Robust systems/processes for recruiting, developing & retaining talented employees ƒ Focus on talent management at all levels ƒ Continue to re-allocate resources to high growth markets

Employees….The Sustainable Competitive Advantage 32

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2008 3M Investor Conference

3M Latin America Productivity Performance Sales per Employee ($000)

OI per Employee ($000)

CAGR CAGR 16 16 % %

CAGR CAGR 24 24 % %

Sales per Employee

OI per Employee

$302 $302

$260 $260

$69 $69

$226 $226

'06 ‘06

$87 $87

$57 $57

'07 ‘07

'08 Est ’08 est

'06 ‘06

'07 ‘07

'08 Est ’08 est

Competitive Competitive Advantage Advantage Model Model Driving Driving Sustainable Sustainable Growth Growth

33

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2008 3M Investor Conference

3M Latin America Summary ƒ Credible and sustainable performance ƒ Doubled the size in the last 5 years ƒ Profitable and healthy growth ƒ 3M portfolio well-aligned to Latin America market opportunities ƒ Outpace area GDP/IPI growth ƒ Targeted investment to support local growth ƒ Talented, creative, entrepreneurial and professional employees

Again, Double the Size in the Next 5 Years 34

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2008 3M Investor Conference

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2008 3M Investor Conference