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Business concept

FLSmidth has over the past 130 years developed a business culture based on three fundamental values: competence, responsibility and cooperation.

The Group’s in-house resources are primarily engineers who develop, plan, design, install and service equipment, with most of the manufacturing being outsourced to a global network of subcontractors. This has proved to be both a robust and sustainable business model. FLSmidth, therefore, has relatively few tangible assets and fixed costs leading to a flexible cost structure, which makes it possible to plan and adjust resources.

FLSmidth is a learning organization, and our employees are our most valuable asset. As we continue to evolve, we will place even greater emphasis on performance and on attracting, developing and retaining people who can enhance our high-performance culture.

FLSmidth carries out a focused effort in the area of research and development aiming at fulfilling customers’ future needs in terms of innovative technical solutions, high reliability and avail-ability, minimum environmental impact and the lowest possible product lifecycle costs.

FLSmidth & Co. A/SVigerslev Allé 77DK- 2500 Valby

Tlf: + 45 36 18 18 00Fax: + 45 36 30 44 41

corppr@flsmidth.comwww.flsmidth.com

Investor Relations:Pernille Friis AndersenTlf: + 45 3618 1887E-mail: pefa@flsmidth.com

Corporate Communications:Jesper B. LarsenTlf: + 45 3618 1877E-mail: jebl@flsmidth.com

Full-service provider of sustainable minerals and cement technologies

FLSmidth in brief Core activities Strategy and structure

FLSmidth is a market-leading supplier of equipment and ser-vices to the global minerals and cement industries. FLSmidth supplies everything from single machine units to complete minerals and cement flow sheets including associated services.

With more than 13,000 employees, FLSmidth is a global com-pany with headquarters in Denmark and local presence in more than 50 countries including project and technology centres in Denmark, India, USA and Germany. In 2011, the total revenue amounted to DKKbn 22.

Ownership structureFLSmidth & Co. A/S has been listed on NASDAQ OMX Copen-hagen since 1968 and has around 56,800 registered sharehold-ers. In addition, some 3,650 present and former employees hold shares in the company.

FLSmidth’s share capital amounts to 53,200,000 issued shares at DKK 20 each. Each share entitles the holder to 20 votes.

No shareholders have reported a shareholding exceeding 5%, and the FLSmidth & Co. share has a free float of 98%.

Classification of shareholders

FLSmidth delivers a unique combination of technology, service and expertise to its customers. FLSmidth primarily focuses on the following industries: coal, iron ore, fertilizer minerals, copper, gold and cement, and has the ambition of being among the leading and preferred suppliers in each of these industries.

Revenue 2011 - by segments

MineralsFLSmidth is among the leading suppliers of systems, process plants, single machinery, spare parts, knowhow, services and maintenance to the global minerals industries. 2011 proved to be a record year for Minerals – both in terms of order intake, revenue and earnings.

CementSince 1882, FLSmidth has been the leading supplier of complete cement plants, production lines, single machinery, spare parts, know-how, services and maintenance to the global cement industry.

In February 2012, FLSmidth launched a new global growth strategy that will unfold the Group’s potential over the coming years. The key themes of the strategy is getting closer to the customer, considering service and innovation as an integral part of all products and services and excel in processes and projects. FLSmidth will be the customers’ preferred full-service provider of sustainable minerals and cement technologies.

FLSmidth wishes to be a focused company that differentiates itself from competitors by supplying full service solutions within its core technologies, from material handling in the quarry throughout processing to end product.

As a consequence of the new Group Strategy, FLSmidth will in future be structured in four divisions with Customer Services being separated from Cement and Minerals to form a separate division, and Minerals being divided up into Bulk Materials (notably coal, iron ore and fertilizer minerals) and Non-Ferrous (non-ferrous metals such as copper and gold).

FLSmidth also owns Cembrit Holding A/S, which is Europe’s leading dedicated provider of fibre cement products.

Old structure New structure

*) �Some product companies that previously belonged to Cement have under the new structure moved to Bulk Materials because a considerable part of their revenue is related to minerals.

FLSmidth

Cement* Minerals CustomerServices

Bulk*Materials

Non-Ferrous Cement

FLSmidth

Projects and Products

Projects and Products

*) Some product companies that previously belonged to Cement have under the new structure moved to Bulk Materials because a considerable part of their revenu is related to minerals.

Classification of shareholders

25%

14%

2%18%

41%

Danish (private)

Danish (institutional)

Danish (non-registered)

FLSmidth & Co. A/S

Foreign

Key figures Minerals 2011 (as at 31 December 2011)

•Revenue DKKm12,374(2010:DKKm9,587)

•EBIT DKKm1,306(2010:DKKm987)

•Orderintake DKKm15,900(2010:DKKm10,982)

•Orderbacklog DKKm13,408(2010:DKKm9,752)

Key figures Cement 2011 (as at 31 December 2011)

•Revenue DKKm8,367(2010:DKKm9,372)

•EBIT DKKm837(2010:DKKm1,017)

•Orderintake DKKm8,248(2010:DKKm10,036)

•Orderbacklog DKKm13,838(2010:DKKm14,146)

Revenue 2011 – by segment

Cembrit 7%

Minerals 56%

Cement 37%

As at 31 December 2011

As at 31 December 2011