Control Components, IncA wholly owned subsidiary of IMI, plc.

Severe Service: Control

Control of steam flow through a turbine in a power station

Control of gas flow through a gas processing plant

Severe Service: Isolation

Emergency shutdown of gas flow into a LNG plant

Shut-off of gas flow in a high integrity pressure protection

system (HIPPS)

Severe Service: Characteristics

• High pressure drop

• High velocity flow control

• Extreme temperatures/cryogenics

• Fine control requirements

• Tight shut-off

• Corrosive/erosive environments

• Nuclear applications

• Operational reliability

• Safety critical/emergency shutdown

• An engineered solution incorporating high levels of performance and reliability

Cost of failure is many times the cost of the solution

Severe Service – Top of the Pyramid

General Service

Applications and

Technologies

Severe ServiceApplications andTechnologies

~$22bn

~$3bn

Source: McIlvaine, PMSI, ARC, IMI estimates – Oil/Gas, Power and Petrochem only – excludes Service

Strong growth orientation with potential for strategic development

CCI Today

• Leader in severe service solutions

• Serving major customers in the global energy and power markets

• Over 2,000 dedicated employees worldwide

• Global manufacturing, sales and support capability

• Emerging market focus

• Unrivalled reputation for aftermarket support

• Experienced and talented management team

• Heroically, customer focused culture

Control Components Inc., our journey…

2003Fluid Kineticsand Herion

Valves

IMI Severe Service

1961Founded

1967CCI Patents theDRAG® valve

1971B&W

acquires CCI

1979Bailey Valves

1981IMI

acquires CCI

1992Dikkers nuclear

valves

1997Sulzer valves

2001BTG valves

2002STI

2006Truflo

2005ABB Japan Control

Valves; 100% of CCI Korea; Shanghai CCI

JV formed

2010???

Foundations of our success …Committed people everywhere

Foundations of our success …The Valve Doctor®

CCI Valve Doctors

• Our best engineering talent

• Strong application knowledge

• Great, personal customer relationships

• Keep us “ahead of the game” in terms of innovation and technology

• Focus on results for the end-user – “Plant Betterment”

• Our most experienced valve engineers:

– 40 Valve Doctors

– 9 countries

– >600 years combined experience

Foundations of our success …Proven technology• Track record of solving severe service problems in over 4,500 plants

worldwide

• Recognized as the leader in custom engineered solutions

• Focus on engineering leadership and innovation

Foundations of our success …Global service and operations capability

IMI Severe Service: Competitive landscape

#1 or #2 in markets we serve

Power Oil and Gas

Severe Service: Control

Power/O&G* Nuclear

Severe Service: Isolation

* Tri-X technology

Growth Strategy: Severe Service Solutions

Valves Actuation Control

From product provider to system integrator

Severe Service Solutions

Increasing end-user influence

CCI ‘Core Strategic’ 2010 Priorities

• Leveraging existing markets• Adjacent market penetration• Investment in emerging markets • Acquisition & Commercial Integration

• Global supply chain• Low cost procurement• Reduce product complexity• Lean Manufacturing

GROW

Simplify

Execute

WorldClassTalent

• Key Performance Indicator driven• Project Management as a core function• Risk Review Process

• Human Resources Review• CCI Leadership Guide & Training• Recognition for Performance

Control Components – In summary

• Excellent IMI platform business

• Positioned for profitable growth

• Exposure to buoyant, global energy markets

• Direct relationship with the partners, customers and end-users

• Significant recurring aftermarket and service revenues

• Strategic development potential

• High proprietary, engineering content

• Experienced, committed and talented team

Delivering on our commitments; developing the business