3M - About 3M - Investor Overview

3M Business Groups - 3M Company

2021 Sales by Business Group

Our Strategies

Growing faster than the markets and economies we serve
Investing capital in high growth, high return portfolios that utilize our fundamental strengths
Accelerating our digital capabilities and expanding our use of data and analytics to better serve customers and improve our operational agility

Expanding margins and EPS through operating rigor, productivity, and price
Delivering robust cash flow through supply chain recovery and improvements in working capital
Advancing sustainability commitments to reduce GHG emissions and improve water quality
Maintaining a strong balance sheet, providing flexibility for M&A and shareholder returns

Safety & Industrial

Representative products/services

Respiratory, hearing and eye protection solutions
Structural adhesives and tapes
Industrial abrasives and finishing for metalworking applications
Electrical products and materials for construction and maintenance, power distribution and electrical original equipment manufacturers (OEMs)
Autobody repair solutions
Closure systems for personal hygiene products, masking, and packaging materials
Natural and color-coated mineral granules for shingles

Transportation & Electronics

Representative products/services

Light management films and electronics assembly solutions
Packaging and interconnection solutions
Attachment tapes, protective films, sound and temperature management for transportation vehicles
Premium large format graphic films for advertising and fleet signage
Advanced ceramic solutions
Reflective signage for highway and construction safety

Health Care

Representative products/services

Skin, wound care, and infection prevention products and solutions
Dentistry and orthodontia solutions
Health care procedure coding and reimbursement software
Filtration and purification systems
Food safety indicator solutions

Consumer

Representative products/services

Retail abrasives, paint accessories, car care DIY products, picture hanging and consumer air quality solutions
Stationery products
Cleaning products for the home
Consumer bandages, braces, supports, and consumer respirators

Balanced Capital Allocation Plan (2022)

R&D

5% to 6% of sales

Cap-ex

$1.7B to $2.0B

Organic Growth

64 years

Consecutive annual increases

100+ years

Paid dividends without interruption

Dividend

Acquisitions

Attractive targets that leverage 3M’s strengths

Share repurchase

Based on relative value; influenced by other demands on capital

Flexible Deployment