2016 annual meeting...2016 annual meeting s the meeting will begin in 3 minutes please be seated...

2016 AnnualMeeting

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The Meeting WillBegin in 10 Minutes

2016 Annual Meeting

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The Meeting WillBegin in 5 Minutes

2016 AnnualMeeting

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The Meeting WillBegin in 3 MinutesPlease Be Seated

2016 AnnualMeeting

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2016 AnnualMeeting

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The Meeting WillBegin in 1 MinutePlease Be Seated

11. All Rights Reserved.10 May 2016© 3M

CEO Remarks

Business Items

Shareholder Questions and Comments

Agenda

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Inge G. ThulinChairman of the Board, Presidentand Chief Executive Officer

2016 AnnualMeeting

14. All Rights Reserved.10 May 2016© 3M

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Gregg M. LarsonCorporate Secretary

16. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

17. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

18. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

19. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

20. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

Stockholder Proposal on Special Meetings

Stockholder Proposal on the Share Repurchase Program and Executive Compensation

21. All Rights Reserved.10 May 2016© 3M

Our Vision

3M Technology Advancing Every Company

3M Products Enhancing Every Home

3M Innovation Improving Every Life

Our Strategies

Expand relevance to our customers and our presence in the marketplace

Gain profitable market share and accelerate market penetration everywhere

Investing in innovation: Invigorate existing market opportunities and focus on emerging megatrends

Intensify capabilities to achieve regional self-sufficiency

Build high performing and diverse global talent

Drive consistent superior levels of operational excellence

22. All Rights Reserved.10 May 2016© 3M

Investing in Innovation

Portfolio Management

Business Transformation

The 3M Playbook

2015Results

24. All Rights Reserved.10 May 2016© 3M

103%

Free cashflow conversion

+1.3%

Organic local currency growth

Return on invested capital

Earnings per share

$7.58+1.2% year over year

22.5%

Impact of currency on worldwide sales

-3.0%year-on-year

Impact of acquisitions, net of divestitures, on worldwide sales

+1.6%year-on-year

Netsales

$7.4B-2.2% year-on-year22.9%

+0.5% year over year

-6.8%year over year

Net sales

$30.3B-4.9% year over year

Margins

+0.6%year over year

Impact of currency on worldwide sales

Impact of acquisitions,net of divestitures,on worldwide sales

2015 Results

. All Rights Reserved.10 May 2016© 3M

$1.8B $1.5B $3.7B

$2.6B $5.2B

Investments in research and development

Investments in capital expenditures

Investments in acquisitions

Cash returned to shareholders via dividends

Cash returned to shareholders via gross share repurchases

2015 Results

2016 Q1 Results

27. All Rights Reserved.10 May 2016© 3M

2016 Q1 Results

Free cashflow conversion

-0.8%

Organic local currency growth

MarginsEarnings per share

$2.05+10.8% year over year

Impact of acquisitions, net of divestitures, on worldwide sales

+1.6%year-on-year

Netsales

$7.4B-2.2% year-on-year -3.0%

year over year

Net sales

$7.4B-2.2% year over year

+1.6%year over year

Impact of currency on worldwide sales

Impact of acquisitions,net of divestitures,on worldwide sales

24.1%+130 bps year over year

74%

28. All Rights Reserved.10 May 2016© 3M

2016 Q1 Results

$0.5B $0.3B

$0.7B $1.2B

Investments in research and development

Investments in capital expenditures

Cash returned to shareholders via dividends

Cash returned to shareholders via gross share repurchases

29. All Rights Reserved.10 May 2016© 3M

Investing in Innovation

Portfolio Management

Business Transformation

The 3M Playbook

30. All Rights Reserved.10 May 2016© 3M

Executing our three key levers

Investing in Innovation Business TransformationPortfolio Management

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Portfolio Management

Align organization and resources to our best opportunities

Effectively deploy M&A capital

Agile executionPortfolio Management

Gain profitable share everywhere

32. All Rights Reserved.10 May 2016© 3M

Combined businesses to increase customer relevance and drive scale . . . 40 to 26 businesses

Realigned from 6 Sectors to 5 Business Groups Benefits realized

Greater scale and

customer relevance

Increased agility

Reduced costs through

efficiency and productivity

improvements

Reallocated resources to our

best opportunities

Accelerated priority R&D

investments

Enhanced M&A sourcing

and execution

Improved customer relevance

Healthcare

Safety & Graphics

Industrial Consumer

Display & Graphics

Electronics & Communications

Safety, Security, & Protection

Industrial & Transportation

Consumer & Office

Healthcare

6 Sectors 5 Business Groups

Electronics & Energy

40 Businesses 26 Businesses

Organizational structure positions us to deliver efficient growth

33. All Rights Reserved.10 May 2016© 3M

Recent portfolio actions creating significant value

Acquisitions Divestitures

Library Systems

License plate converting (France)

Static control

Membrana = Polypore’s separation media business

Polyfoam

34. All Rights Reserved.10 May 2016© 3M

Investing in Innovation

Increase R&D productivity

Enhance commercialization effectiveness

Invest in and scale new growth platformsInvesting in Innovation

3M innovation creating value for our customers

35. All Rights Reserved.10 May 2016© 3M

The 3M Carlton Science Center

36. All Rights Reserved.10 May 2016© 3M

Business Transformation

Starts and ends with our customers

Continue to successfully roll out ERP

Deliver productivity through footprint optimization and enhanced supply chain and manufacturing capabilitiesBusiness Transformation

$500M to $700M annual savings and $500M working capital improvement by 2020

. All Rights Reserved.10 May 2016© 3M

38. All Rights Reserved.10 May 2016© 3M

Developing our leaders

Adding value to our

company, our customers and

our communities

Creating opportunities

for everyone

We are investing in our people . . .

3M Leadership Way

2016 Annual Meeting

40. All Rights Reserved.10 May 2016© 3M

2016 Annual Meeting

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Board of Directors

Sondra L. Barbour

Thomas “Tony” K. Brown

Dr. Vance D. Coffman

David B. Dillon

Michael L. Eskew

Herbert L. Henkel

Muhtar Kent

Edward M. Liddy

Inge G. Thulin

Robert J. Ulrich

Patricia A. Woertz

Gregory R. Page

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Gregg M. Larson3M Corporate Secretary

44. All Rights Reserved.10 May 2016© 3M

Annual Meeting Rules

Stockholder Proponents – Your remarks must be limited to three minutes

Questions and Comments• Please limit yourself to one question or comment of about one minute in length• Avoid questions or comments that repeat what others have already said

Improper Subject Matter – The meeting is not a forum for discussing:• Pending or threatened litigation against the Company, • Political or other views not directly related to 3M business, or • Personnel matters or grievances against the Company

Prohibited Conduct – Disruptive comments or conduct are prohibited and a basis for removal from the meeting

2016 AnnualMeeting

46. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

47. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

48. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

49. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

50. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

Stockholder Proposal on Special Meetings

Stockholder Proposal on the Share Repurchase Program and Executive Compensation

51. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

Stockholder Proposal on Special Meetings

Stockholder Proposal on the Share Repurchase Program and Executive Compensation

2016 AnnualMeeting

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Board Nominees

Sondra L. Barbour

Thomas “Tony” K. Brown

Dr. Vance D. Coffman

David B. Dillon

Michael L. Eskew

Herbert L. Henkel

Muhtar Kent

Edward M. Liddy

Gregory R. Page

Inge G. Thulin

Robert J. Ulrich

Patricia A. Woertz

54. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

55. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

56. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

57. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

Stockholder Proposal on Special Meetings

58. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

Stockholder Proposal on Special Meetings

Stockholder Proposal on the Share Repurchase Program and Executive Compensation

59. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

Stockholder Proposal on Special Meetings

Stockholder Proposal on the Share Repurchase Program and Executive Compensation

2016 AnnualMeeting

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Please Stand to Request a Ballot

2016 AnnualMeeting

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Questionsand Comments

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Please Give YourName and City

2016 AnnualMeeting

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Preliminary Voting Results

67. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

68. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

69. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

70. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

71. All Rights Reserved.10 May 2016© 3M

Business Items

Elect the twelve directors identified in the 2016 Proxy Statement, each for a term of one

year

Ratify the appointment of PricewaterhouseCoopers LLP as 3M’s independent registered

public accounting firm for 2016

Approve, on an advisory basis, executive compensation

Approve the 2016 Long-Term Incentive Plan

Stockholder Proposal on Special Meetings

Stockholder Proposal on the Share Repurchase Program and Executive Compensation

72. All Rights Reserved.10 May 2016© 3M

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The Meeting isadjourned.

Thanks for your attendance!