Industrial Business GroupMike Roman

Executive Vice President

3M Investor Day

March 29, 2016

2. All Rights Reserved.28 March 2016© 3M

EFFICIENTGROWTH

3M Industrial Business Group

Actively managing our portfolio to prioritize investments in

organic growth and acquisitions

Leveraging our four Fundamental Strengths to maximize value

Utilizing customer insights to deliver differentiated, high impact

new products

Transforming our business to drive a competitive advantage

for our customers and 3M

Strong growth in key markets

Increased operating margins

100%+ free cash flow conversion

M&A that is greater than the sum of

the parts

Restructured to increase efficiency

Controlling the controllable

2015 Performance

Strong foundation to winning in the industrial marketplace

Agenda

EFFICIENTGROWTH

Overview of Industrial Business Group

Leveraging our Fundamental Strengths

Utilizing our Three Key Levers

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Industrial Business Group2015 Sales $10.3B; Operating Income Margin 21.9%

Abrasive Systems

$1.4B

Automotive Aftermarket

$1.5B

Tapes and Adhesives

$3.9B

Filtration

$0.7B

Aerospace & Commercial Transportation

$0.3B

Automotive

$1.4B

Advanced Materials

$1.1B

*Refer to 3M’s Form 8-K dated March 15, 2016 for discussion of a product line reporting change involving the Electronics and Energy business segment and the Industrial business segment

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AutomotiveGeneral

ManufacturingAutomotiveAftermarket Construction

Metal Fabrication Filtration

3M EstimatesAddressable Size

5-yr CAGR$40-45B

0-2%$25-30B

1-3%$15-20B

1-3%$15-20B

1-3%$10-15B

1-3%$10-15B

5-7%

Industrial Business Group market segment overview

Electronics AerospaceCommercial

Transportation Oil & Gas Defense Other

3M EstimatesAddressable Size

5-yr CAGR$3-5B3-5%

$2-3B2-4%

$2-3B1-3%

$1-2B 1-3%

$0.5-1B0-2%

Appliances

Bus and Rail

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Thinsulate™ acoustic

insulation

Glass bubbles

Acrylic foam tapes

Winning with automotive customers

Fuel efficiency

Lightweighting

Electrification

Aligned to

global OEMs

Designed-in solutions

Support tier suppliers

Acoustic control

Lightweight assembly

Aluminum solutions

Automotive OEM business consistently posting organic growth above market build rates

Display films

Bonding and optics

Electronic materials

Market trendsCustomer First focus

Customer Inspired Innovation

High-value 3M products

Future new products

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Market trendsCustomer First focus

Customer Inspired Innovation

High-value 3M products

Future new products

Winning with filtration customers

Higher purity

requirements

Process efficiency

Global accounts

Customer process-

inspired innovation

Single-use products

Bioprocess hybrid

purifiers

Advanced membranes

Gas transfer

Ultra-filtration

solutions

Micro-filtration

Ultra-filtration

Smart filters

Note: Membrana represents acquisition of Polypore Separations Media Business

Strong 3M Purification growth; Membrana acquisition providing exciting growth synergies

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Investing in new technology platforms accelerates growth

Life sciences

Hemodialysis

therapy

Blood

oxygenation

Industrial

Gas transfer

technology

Water

treatment

Hollow fiber membranes

Flat sheet membranes

Su

Pp

Pm

Am

Identified synergies with

several 3M technology

platforms, including:

Advanced Materials

Polymer Processing

Precision Processing

Surface Modification

Ultra-clean, low-fouling membranes

Low-cost super hydrophobic gas contactors

High-flux nano-filtration

+ New product possibilities

Acquisition exceeding performance expectations

Ultrafiltration technologies

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Direct customer engagement

Aligned around global customers

Sustainable growth over build rates

Industrial Market Center

Specialized end-user engagement

Extending reach through digital and eCommerce

Global go-to-market models focusing on Customer FirstProduct Sales

OEM Direct | Tiers | Converter | Distributor | eCommerce

Sa

les

pe

r c

ust

om

er

Number of customers

Customer-Inspired Innovation Insights 2 Innovation (i2i)

Designed in Consumables

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3M Fundamental Strengths

Technology Manufacturing Global Capabilities Brand

Leveraging these assets creates value; strengthening them ensures our future

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How our technology provides a competitive advantageDeploying multiple 3M technology platforms across businesses

Precision shaped grain

Processing ApplicationsMaterials Capabilities

WeAccelerated Weathering

PrProcess Design & Control

InInspection & Measurement

AnAnalytical

SuSurface

Modification

RpRadiation

Processing

PpPrecision

Processing

PmPolymer

Processing

PdParticle & Dispersion Processing

MrMicro-

replication

MoMolding

AcAcoustic Control

DiDisplay

MfMechanical Fasteners

LmLight

Management

EcEnergy

Components

FsFiltration,

Separation, Purification

FiFilms

FlFluoro-

materials

NtNano-

technology

SmSpecialty Materials

PoPorous

Materials & Membranes

NwNonwovenMaterials

AdAdhesives

AmAdvancedMaterials

CeCeramics

CoAdvanced

Composites

AbAbrasives

SeSensors

IsIntegrated systems &

design

FcFlexible

converting & packaging

EsElectronics &

software

AsApplication

software

VpVapor

processing

PePredictive

engineering & modeling

DdDrug

delivery

BiBiotech

MdMedical data management

WoWound

management

MiMicrobial detection

and control

TtTrack and

trace

OpOpto-

electronics

FeFlexible

electronics

ImImaging

EmElectronicmaterials

DoDental &

orthodontic materials

Non-wovens

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How manufacturing provides a competitive advantageUtilizing inventions and optimized global operations

Lean Six SigmaGlobal supply chainManufacturing technology

Lean value streams

Productivity improvement

Business Transformation

Centers of Expertise (COEs)

Footprint optimization

End-to-end business

planning

Precision processing

Micro-replication

Particle & dispersion

processing

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Utilizing our three key levers to drive value

Portfolio Management

Business Transformation

Investing in Innovation

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Building an industrial portfolio to consistently outperform our markets

Prioritizing organic investments

Accretive growth rates

Greatest net present value

Improve return on invested capital

Shaping M&A

Leverage Fundamental Strengths

Accretive market growth

Add new industrial platforms

Optimizing value

More efficient business models

Reallocate resources

Selective divestiture

Market & GeographicSelection

Fundamental Strengths

Str

ate

gic

Att

rac

tiv

en

ess

Financial Attractiveness

Portfolio of Businesses

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Focusing on top priority geographies

Developed

Developing

West Europe

New product commercialization

Center of Expertise (COE)

Business Transformation

United States

Industrial Market Center

End-user engagement

Leadership in B2B digital

China

Domestic markets

New channel development

End-user engagement

Mexico

Customers increasing manufacturing

Alignment to automotive production

North American customers

and channel

Customer engagement drives strategy across all markets

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Developing new products from customer insightsEngaging customers in this way drives innovation and helps to prioritize our best ideas

Insights to Innovation (i2i) for consumable productsCustomer-Inspired Innovation for designed-in products

Low VOC spray adhesive products

Meguiar’s® new auto care line

Trizact™ abrasive solutions enabling aluminum in automotive

VHB™ Tape allows bonding of dissimilar materials in appliances

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Accelerating high impact growth opportunitiesDeploying Cubitron™ II across our abrasives offering

Innovating across our broad adhesives offering

Leveraging Thinsulate™ to bring best-in-class acoustic solutions

Bonded

Precision grinding

$100M+ in first-year sales Delivering double-digit growth Accelerated growth to > 2.5x industry

Pe

rfo

rma

nc

e

Technology

Pressure-sensitive adhesives

Contact adhesives

Hot meltsAcrylic foam tapes

Curing hot melts

Adhesive sealants

Structural adhesives

Precision-shaped grain

Coated

On track to deliver $600M of cumulative sales growth

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Business Transformation

Starts and ends with the customer

Service

Enhance competitive advantage

Provide customers with new

capabilities

Deliver to customer Key Performance

Indicators (KPIs)

Engaging customers and measuring more than 20 KPIs

Improved efficiency and working capital

Leveraging Lean Six Sigma to transform our business processes

Business Processes

Simplify

Standardize

Enhance business communications

End-to-end visibility

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Industrial Business Group value proposition

EFFICIENT

GROWTH

MarketsOperating in highly attractive industrial markets, providing…

accelerated growth

CustomersLeveraging industry leading platforms to solve customer problems, ensuring…

sustainable differentiation

Business ModelsUtilizing global leading go-to-market models, strengthening our…

competitive advantage

Fundamental Strengths

Deploying 3M Technology, Manufacturing, Global Capabilities, and Brand, creating…

differentiated value

Three Key LeversUtilizing Portfolio Management, Investing in Innovation, and Business Transformation as…

performance multipliers