reconciliation of nongaap financial measure s Dollars in millions except per share amounts 2011 2012 2013 Underlying sales nonGAAP 3 2 Foreign currency translation 2 1 Acquisitions and divestitures net Net sales 1 1 Diluted earnings per share 327 267 276 Impairment and income tax charges 003 072 078 Diluted earnings per share excluding impairment and income tax charges nonGAAP 3 3 0 3 3 9 354 2014E Underlying sales nonGAAP 3 5 Acquisitions and divestitures net 4 Net sales 1 1 comparison of fiveyear cumulative shareholder return s E pt s E pt s E pt s E pt s E pt s E pt 2008 2009 2010 2011 2012 2013 CAGR e merson 100 102 138 111 134 185 131 SP 500 Index 100 93 103 104 135 161 100 Dow Jones US Electrical Components Equipment Index 100 103 118 112 148 204 153 100 invested on 93008 in stock or index including reinvestment of dividends Fiscal year ending September 30 Copyright 2013 Standard Poors a division of The McGrawHill Companies Inc All rights reserved wwwresearchdatagroupcom standardspoors Copyright 2013 Dow Jones Company All rights reserved s afe h arbor s tatement This Annual Report contains various forwardlooking statements and includes assumptions concerning Emersons operations future results and prospects These forwardlooking statements are based on current expectations are subject to risk and uncertainties and Emerson undertakes no obligation to update any such statements to refect later developments In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 Emerson provides the following cautionary statement identifying important economic political and technological factors among others changes in which could cause the actual results or events to differ materially from those set forth in or implied by the forwardlooking statements and related assumptions Such factors include but are not limited to the following 1 current and future business environment including interest rates currency exchange rates and capital and consumer spending 2 competitive factors and compet itor responses to Emerson initiatives 3 development and market introduction of anticipated new products 4 ability to defend or protect our intellectual property rights 5 favorable environment for acquisitions domestic and foreign including regulatory requirements and market values of candidates 6 integration of acquisitions 7 favorable access to capital markets 8 availability of raw materials and purchased components 9 stability of governments and business conditions in foreign countries including emerging economies which could result in nationalization of facilities or disruption of operations 10 potential volatility of the end markets served 11 outcome of pending and future litigation including environmental compliance 12 US and foreign government laws and regulations including taxes and restrictions 13 penetration of emerging economies and 14 execution of costreduction efforts Emerson Emerson Process Management Emerson Industrial Automation Consider It Solved Emerson Network Power Control Techniques Unidrive M Emerson Climate Technologies Emerson Commercial Residential Solutions and their related designs and logotypes are trademarks service marks andor trade names of Emerson its subsidiaries affliates investments or joint ventures LinkedIn Twitter YouTube PEMEX Kanbans Sasol and their related designs and logotypes used within this Annual Report are the trade marks service marks andor trade names of their owner and are not owned by or affliated with Emerson Emerson Electric Co 2013 All Rights Reserved 200 150 100 50 0 2008 2013