1. Electrical Products
Group
David N. Farr
Chairman, Chief Executive Officer &
President
May 21, 2008
Safe Harbor Statement
Our commentary and responses to your questions may
contain forward-looking statements, including our outlook for
the remainder of the year and Emerson undertakes no
obligation to update any such statement to reflect later
developments. Information on factors that could cause actual
results to vary materially from those discussed today is
available in our most recent Annual Report on Form 10-K as
filed with the SEC.
Non-GAAP Measures
In this presentation we will discuss some non-GAAP
measures (denoted with an *) in talking about our company’s
performance, and the reconciliation of those measures to the
most comparable GAAP measures is contained within this
presentation or is available at our website www.emerson.com
under the investor relations tab.

2. Emerson Business Summary
2005-07 2007-08
2005 2006 2007 CAGR 2008E CAGR
Sales(1) $16.9B $19.7B $22.1B 14.4% ~$25B 11-13%
(5-7% Underlying)*
- -
OP $*(1) $2.6B $3.1B $3.5B 16.7%
- -
OP %*(1) 15.2% 15.5% 15.8% +50 to 70 bps
Operating
$2.2B $2.5B $3.0B 17.4% ~$3.2B -
Cash Flow
Free Cash
$1.7B $1.9B $2.3B 18.3% ~$2.4B -
Flow *
DPS $0.83 $0.89 $1.05 12.5% $1.20 14%
EPS(1) $1.69 $2.23 $2.65 25.2% $3.00-$3.10 13–17%
(Continuing Ops)
- -
ROTC 15.5% 18.4% 20.1% ~21%
(1) European appliance motor & pump business reclassified as discontinued operations.
Strong Performance Continuing Into 2008, April
Three-Month Trailing Average Orders Trending at
+10 to +15%

3. Emerson Global Presence 2007
st
1st Half 2008 Sales Growth -- 12% Reported // 7% Underlying*
st -- 12% Reported 7% Underlying*
Western Europe Eastern Europe & Russia
US & Canada
2007 Sales $4.1B 2007 Sales $0.7B
2007 Sales $11.7B
Employees 17,000 Employees 8,000
Employees 43,000
Locations 65 Locations 10
Locations 103
1st Half Growth 1st Half Growth
1st Half Growth
2008 vs. 2007: 17% 2008 vs. 2007: 24%
2008 vs. 2007: 5%
Latin America Middle East & Africa Asia-Pacific
2007 Sales $1.0B 2007 Sales $1.0B 2007 Sales $3.6B
Employees 21,000 Employees 500 Employees 52,000
Locations 45 Locations 2 Locations 40
1st Half Growth 1st Half Growth
1st Half Growth
2008 vs. 2007: 27% 2008 vs. 2007: 22%
2008 vs. 2007: 19%
Total Sales 2007 $22.1B
Total Employees 142K
Locations 265

4. Process Management Summary
2007 Sales by Product
Profile 2006 2007 2008E
Systems, Measurement
Sales $4.9B $5.7B +15 to 17% Solutions & Devices
Services 24%
Earnings $0.88B $1.07B
45%
% of Sales 18.0% 18.7% +40 to 60 bps
Market Dynamics 31%
Valves &
Growing demand for energy is driving
•
Regulators
capacity expansion in power plants,
LNG facilities and upgrades to existing
facilities 2007 Sales by Geography
Current level of oil price drives
•
ROW
spending in customer base United
PlantWeb Wireless launch is going well 22%
• States
34%
Continued aggressive investment in
•
new products and expanding global
20%
position Asia
24%
April three-month trailing average order
•
trend at +15 to +20%
Europe

5. Industrial Automation Summary
2007 Sales by Product
Profile 2006 2007 2008E
Industrial
Sales $3.8B $4.3B +11 to 13% Equipment Motors &
Drives
Earnings $0.57B $0.67B 7%
Power
22%
Distribution 13%
% of Sales 15.1% 15.6% -50 to -30 bps(1)
(1) Includes impact of anti-dumping duties
Market Dynamics 18%
Fluid 18% Mechanical
Automation Power
Global capital goods markets remain
• Transmission
healthy 22%
Power
Increasing worldwide demand for
•
Generation
reliable primary and standby power
2007 Sales by Geography
driving alternator sales
ROW
Infrastructure investment in emerging
•
Asia 8%
markets supporting demand for drives United
10%
and motors States
41%
Increased focus on technology, new
•
products and emerging markets will
expand growth opportunities 41%
Europe
April three-month trailing average
•
order trend at +20%

6. Network Power Summary
2007 Sales by Product
Profile 2006 2007 2008E Other DC Power Systems
Sales $4.4B $5.2B +23 to 25% 7% 10% OSP &
Service Racks
Earnings $0.48B $0.65B 9%
14%
% of Sales 11.1% 12.5% +0 to 20 bps(1)
(1) Includes impact of Motorola Embedded Computing Acquisition.
AC Power 17%
28% Embedded
Systems
Market Dynamics Computing
&
Greater power in smaller packages 15%
•
Power
throughout wireless & wireline networks Precision
Cooling
Distributed fiber initiatives driving
•
wireline spending 2007 Sales by Geography
Data center consolidation efforts
• ROW
continue. Strong demand for AC Power 10%
& Precision Cooling Systems
United
43%
Business Continuity & Network
• Asia 27% States
Reliability needs extending into
emerging markets
20%
April three-month trailing average order
•
trend at +15 to +20%
Europe

7. Climate Technologies Summary
2007 Sales by Product
Profile 2006 2007 2008E Other
Flow
Controls 7%
Sales $3.4B $3.6B +5 to 7%
6%
Temperature
Earnings $0.52B $0.54B Sensors 7%
Heating
% of Sales 15.3% 14.9% +10 to 30 bps 7%
Controls
Market Dynamics 73%
Compressors
U.S. housing market softness
•
continues
Energy responsible product demand
•
2007 Sales by Geography
continues to benefit our higher value
products and solutions ROW
Growing usage of electronics in
• 10%
HVACR opens new products and
services opportunities Europe 16%
China’s need for higher efficiency and
•
57% United
improved heating technology will drive States
17%
future scroll demand Asia
April three-month trailing average
•
order trend at 0 to +5%

8. Appliance And Tools Summary
Profile 2006(1) 2007(1) 2008E(1) 2007 Sales by Product(1)
Sales $3.9B $4.0B -4 to -2%
Tools Appliance
Earnings $0.54B $0.56B Solutions
15%
21%
% of Sales 13.8% 14.1% +60 to 80 bps
Appliance
(1)
European appliance motor & pump business reclassified as
11%
discontinued operations.
28%
Market Dynamics
Commercial
25%
Consumer businesses environment
• Motors
Storage
remains challenging due to falling
home prices, high levels of consumer
debt and rising food and oil prices 2007 Sales by Geography(1)
Decline in housing sector continues,
• ROW
Asia
non-residential construction has 8%
remained positive -- but positive trends 2%
5%
are weakening Europe
Focus on costs and asset management
•
to create value -- also sale of
United
non-strategic assets States
85%
April three-month trailing average order
•
trend at -5 to 0%

9. Key EPG Messages
Strategic Focus Has Not Changed
– It’s All About Consistent / Intense / Flexible Execution
International Investments and Emerging Markets Remain
Central to Our Growth Strategy
– Our Global Growth Continues
– Emerging Markets Are Driving Emerson Growth
– We Continue to Leverage Our Global Infrastructure
Emerson Leverages Technology to Solve Customer
Problems -- Investing for a Competitive Advantage
– Emerson Continues to Invest in Global Engineering & Product
Development to Drive Growth
– Emerson is Uniquely Positioned to Help Our Customers Deliver on
Energy Responsibility

10. Emerson’s Strategic Focus Has Not Changed
Emerson’s
Strategic Imperatives Actions
- Brand Platforms are being valued globally.
1. Strengthen
- We are positioned to benefit from the favorable
Business Platforms
industry dynamics.
- Major Growth Initiatives, acquisitions, and
divestitures will help keep us within the 5-7% zone.
- Today, some regional key accounts will grow to
become Global Marquees.
- Expand Solution and Service offerings to enhance
customer value and MRO sales.
- Collaboration among business groups yields new
market opportunities.
2. Pursue Technology - Aggressively invest in next generation technology
leadership
Leadership
- Develop more game-changing products and
technologies through efficient Portfolio
Management and proper allocation of resources.
- Meet sales and profit objectives of new products.
- Customer involvement throughout the entire
process is essential.

11. Emerson’s Strategic Focus Has Not Changed
Emerson’s
Strategic Imperatives Actions
- Geographic mix and presence allows continued
3. Globalize Assets
growth.
- Take care of mature markets, but emerging
markets play an ever increasing role in success.
- We will reach new milestones by the end of this
five year period and must invest accordingly.
- Reposition assets to drive profitability
improvements and to better serve customers.
- Price actions must stay ahead of material inflation.
4. Drive Business
- Global best cost sourcing – adopt a cross-
Efficiency
functional, sharing approach to integrate the
supply chain.
- Improve on-time delivery performance to exceed
customer expectations.
- Continue to improve Trade Working Capital,
generate strong Operating Cash Flow, and manage
Capital Expenditures -- asset efficiency.
- ROTC improvement will continue to be a key
value driver.

12. Key EPG Messages
Strategic Focus Has Not Changed
– It’s All About Consistent / Intense / Flexible Execution
International Investments and Emerging Markets
Remain Central to Our Growth Strategy
– Our Global Growth Continues
– Emerging Markets Are Driving Emerson Growth
– We Continue to Leverage Our Global Infrastructure
Emerson Leverages Technology to Solve Customer
Problems -- Investing for a Competitive Advantage
– Emerson Continues to Invest in Global Engineering & Product
Development to Drive Growth
– Emerson is Uniquely Positioned to Help Our Customers Deliver on
Energy Responsibility

13. High Growth In Emerging Markets Continues to
Drive Sales – Latin America and Middle East &
Africa Reached $1B Zone in 2007
4.0
2002
$B
2007
2010T T
3.0
T
T
2.0
T
T
1.0
0.0
Eastern Europe Middle East
India Latin America China
& Russia & Africa
Asia Pacific Sales Expected To Reach ~$4B In
2008 – 2 Years Ahead of Our Target

14. International Sales Have Grown Steadily
and Surpassed The United States For The First
Time In 2007
100%
2007
55%
United States Sales %
75%
~54%
United States International
50%
48% 52%
28%
$10.9B $11.7B
International Sales %
25%
32+%
~30%
Emerging Markets %
0%
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008E 2010T
2008E Sales Are Pushing Towards 54% International, With
~30% of Sales from Emerging Markets. We Should Exceed our 2010 Targets.

15. The Importance Of Emerson’s Investment in
Emerson’s
Emerging Markets Is Really Paying Off in Our
Sales Growth And Strong Market Presence
1998 2008E 2010T
Mature Markets $11B ~$18B $19-21B
Emerging Markets $2B ~$7B $9-10B
Total Emerson Sales $13B ~$25B $28-$31B
~45% of Growth
From Emerging
Δ Mature Markets ~$7B
Markets, And Will
Δ Emerging Markets ~$5B Be ~50% Over
The Next 3 Years
Emerging Markets Will Continue to Outgrow Mature Markets Over The
Next 3 Years. We Target Growth of +1% More Than GFI Growth in
Mature Markets and 2x GFI Growth for Emerging Markets

16. Emerging Markets Sales Growth
2003 Sales
2007-08 2003-08
81%
Sales ($B) 2008E CAGR CAGR
Rest of World
China $2.1 24% 24%
India 0.6 23% 40%
19%
Rest of Asia* 1.1 13% 15%
Emerging markets
Eastern Europe 0.5 21% 20%
Russia 0.4 19% 33% 2008E Sales
Latin America 1.2 20% 20% ~70%
Middle East 0.9 20% 25% Rest of World
Africa 0.3 37% 20%
~30%
TOTAL $7+B 21% 23%
GFI Growth 11% 11% Emerging markets
Emerson Target is to Grow Emerging Market Sales at ~2x the
Gross Fixed Investment (GFI) Rate
*Excluding: Australia/NZ, China, Japan, and India

17. Emerson’s Major Shared Facilities
Emerson’s
Xi’an
Nove Mesto
Shanghai
Cluj Suzhou
Hong Kong
Shenzhen
Manila
Mexico City
Dubai
Pune
Services
Manufacturing
Engineering
~6,400 Best Cost Headcount Involved in Engineering &
Development and Providing Support Globally

18. Support Resource Expansion Accelerating
with Four Emerson Centers
Total Best Cost Country
Support Headcount
Romania vs. West Europe
4:1 Salary Advantage 7,000
6,400
120 People
6,000
Xi’an vs. Eastern China
4,800
2 ½:1 Salary Advantage 5,000
100 People
3,600
4,000
2,800
3,000
2,000
India vs. United States 1,700
2,000
5:1 Salary Advantage
1350 People 1,000
Manila vs. United States
7:1 Salary Advantage 0
2,500 People 2002 2003 2004 2005 2006 2007
Engineering & Design
Support Resources

19. Key EPG Messages
Strategic Focus Has Not Changed
– It’s All About Consistent / Intense / Flexible Execution
International Investments and Emerging Markets Remain
Central to Our Growth Strategy
– Our Global Growth Continues
– Emerging Markets Are Driving Emerson Growth
– We Continue to Leverage Our Global Infrastructure
Emerson Leverages Technology to Solve Customer
Problems -- Investing for a Competitive Advantage
– Emerson Continues to Invest in Global Engineering & Product
Development to Drive Growth
– Emerson is Uniquely Positioned to Help Our Customers Deliver
on Energy Responsibility

20. We Continue to Build Global Engineering and
Technology Capacity To Drive Innovation /
New Products
Number of
engineers 8,500
n
sio
n
xpa 7,700
8,000
E
pid 7,200
a
R
7,000
6,000
6,000 5,500
Best Cost
5,000
5,000
5,000
4,000
3,000
2,000
High Cost
1,000
0
2002 2003 2004 2005 2006 2007 2008E

21. 70% of Global Energy Growth Could Potentially
be Offset with Aggressive Efficiency Efforts
Demand - QBTU
135
191
613
478
422
2003 Growth 2020 Efficiency 2020 Potential
Efficiency Potential (QBTU)
Emerson
32
Residential Participation
13
Commercial
13
Road transport
0
Air transport
2
Chemicals
50
Steel
4
Refining
21
Power
Total potential energy efficiency opportunity = 135 QBTU

22. We Are Investing for Energy Efficiency:
Our Products Are Reducing Our
Customers’ Energy Consumption
Customers’
Reduce emissions for the chemical, oil and
gas, and pulp and paper industries
Process
Management Wireless monitoring solutions reduce
emissions
Annual energy and maintenance expenses can
be reduced by 15% or more
Climate
Technology Estimated savings of 7B kilowatt hours of
electricity annually
“Teamwork” mode prevents units from
Network fighting (humidifying and dehumidifying)
Power
Up to a 7% energy savings
Expected to realize savings of 4,000 gigawatt
hours by 2012
Industrial
Automation Equivalent to a reduction of 100 million metric
tons of CO2
Hot water tank sensors / controls
Appliance
Reduces energy consumption and lowers
and Tools
associated carbon dioxide emissions

23. Customers are Experiencing the Benefits of
Process Management Wireless: Major Oil Refinery
The customer had cases where the
crude storage tanks were overfilled
as the oil was offloaded from barges
Clean up and environmental fines
could cost upwards of $1M
– A Wired solution had estimated installation
costs of $500K
A wireless transmitter was installed with mechanical
switches to monitor the tank levels and prevent
overfilling without the prohibited wiring costs
Refinery improved environmental compliance and
reduced costs with Smart Wireless Solution

24. We Offer the Widest and Fastest Growing
Portfolio of Wireless Products in the Industry
Smart Wireless
Global Launches
North America 10/06
Europe 1/07
Vibration
Pressure Temperature Level Flow
Flow Density / Viscosity
Singapore 6/07
Malaysia 7/07
Australia 8/07
Venezuela 8/07
NA (Phase 2) 9/07
China 9/07
Multi-point Gas Specific Gas & Liquid Oil & Gas Remote Device ‘Stranded Field Device
Argentina 10/07
Temperature Gravity Analysis Control Diagnostics’ Communicator
EUR (Phase 2) 11/07
Brazil 11/07
Thailand 11/07
India 12/07
Mexico 12/07
Middle East 3/08
Asset
…
Discrete Radar Level Wireless Gateway Level Switch Valve Positioners Management
Software
Shipping Now
Shipping 2008

25. Climate Technologies’ Intelligent Store™
Technologies’ ™
Offers Many Opportunities for Delivering
Improved Energy Efficiency to Customers
Services
Refrigeration Products
Refrigeration
Units Racks
Installation
Intelligent Store
Electronics
Condenser
A/C
Self
Lighting
Units Pull-Through Other
Contained
Ventilation
Components
Units
Ice
Machine
Commissioning Monitoring Service
Case
Control
Recent Large Win in Australia – Initial Focus on Lighting and Display Cases.
Worth ~$25M over 5 years.

26. Summary Of 2008 Expectations
Solid First Half Of 2008 Delivered In A More Challenging Environment
– Strong Underlying Growth And Global Performance
– Orders Continue At Double-digit Pace
– More Challenging Environment The Second Half Of Year Vs. First Half
– Must Continue to Offset Higher Material Inflation with Appropriate
Price Increase Actions – Tougher 2009 Environment
We Will Continue To Make Strategic Investments –
– Key Technologies – Breakthrough Products
– Globalizing Asset Base
– Acquisitions And Divestitures Where And When Appropriate
Cash Is Key – Operating Cash Flow Up 34% First Half 08 Vs. 07
– Strong Balance Sheet – Flexibility For The Future
– Fuels Investment For Long Term Growth
– Substantial Amounts Of Cash Returned To Shareholders Through
Dividends And Share Repurchase 50-60%
– Very Focused Acquisition Strategy

28. Reconciliation of Non-GAAP Financial
Non-GAAP
Measures
The following reconciles each non-GAAP measure with the most directly comparable
GAAP measure ($ M):
2005 2006 2007 2008E
Operating Profit * $2,565 $3,053 $3,496 $3,985 - $4,115
% Sales * 15.2% 15.5% 15.8% 16.3 - 16.5%
Interest Expense and
Other Deductions, Net (433) (380) (402) (485) - (495)
Pretax Earnings $2,132 $2,673 $3,094 $3,500 - $3,620
% Sales 12.6% 13.5% 14.0% 14.3 - 14.5%
2005 2006 2007 2008E
Operating Cash Flow $2,187 $2,512 $3,016 ~$3,200
Capital Expenditures (518) (601) (681) ~(800)
Free Cash Flow* $1,669 $1,911 $2,335 ~$2,400
1st Half
2008 2008E
Underlying Sales* 7% 5-7%
Currency/Acq/Div 5% ~6%
Net Sales 12% 11-13%
Note: Historical OP margins adjusted to exclude discontinued operations.