industrial business M C CORMICK & COMPANY 2004 ANNUAL REPORT financial results (in millions) 2004 net sales by region We are building our leadership position in flavors. With our wide range of flavor solutions and ability to create consumer-preferred products, customers increasingly turn to McCormick for new product ideas and as a preferred supplier of great flavor solutions. 2004 2003 net sales $1,186.4 $1,107.3 operating income $113.6 $108.9 ASIA PACIFIC 8% EUROPE 19%  AMERICAS 73%  Mike Navarre Vice President – Operations Global Industrial Group Chuck Langmead Vice President &  General Manager–  Food Service & Global Restaurant Divisions Jim Morrisroe Vice President –  Flavour Group – Europe Dr. Hamed Faridi Vice President –  Research & Development Randy Carper Vice President & General Manager – Frito Worldwide Division Randy Hoff Vice President & General Manager – McCormick Flavor Division 12