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Sustainable, Profitable Growth - Pall Corporation ... 2009 Annual Report Sustainable, Profitable Growth Medical BioPharmaceuticals 33% $211.0 9% $290.0 12% $887.7 38% $550.6 24% $389.9

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  • 2009 Annual Report

    Sustainable, Profitable Growth

    Printed on FSC-certified paper that includes a minimum of 10% post-consumer recovered fiber. Some of the paper used contains 100% post-consumer recovered fiber. The FSC trademark identifies products which contain fiber from well-man- aged forests certified by SmartWood in accordance with the rules of the Forest Stewardship Council.

    To see how Pall is helping enable a greener, safer and more sustainable future, visit www.pall.com/green.

    Corporate Headquarters 25 Harbor Park Drive Port Washington, NY 11050

    800.645.6532 toll free 516.484.5400 phone 516.801.9754 fax www.pall.com/contact

  • 2009 Annual Report

    Sustainable, Profitable Growth

    Medical BioPharmaceuticals

    $211.0

    9%

    $290.0

    12%

    $887.7

    38%

    $550.6

    24%

    $389.9

    17%

    2009 Sales by Market

    Western Hemisphere

    Europe

    Asia

    $599.2

    26%

    $769.7

    33% $960.3

    41%

    2009 Sales by Geography (Amounts in millions) (Amounts in millions)

    Energy, Water & Process Technologies

    Total Sales $2.3 Billion

    Microelectronics

    Aerospace & Transportation

    Removing contaminants that may be measured in parts per quadrillion is extraordinarily difficult. Yet,

    this is the level of precision that Pall’s sophisticated filtration, separation and purification technologies

    deliver. They have to. Left unchecked, contamination is potentially dangerous and always costly.

    Pall has become a $2.3 billion market leader by solving complex fluid management challenges.

    We are continuously broadening our capabilities to address the vast filtration, separation and

    purification market. Our enabling technologies help customers worldwide advance medicine, purify

    and conserve water, consume less energy, make alternative energy sources possible and practical,

    and minimize emissions and waste.

    While the problems we help customers solve are complex, our business model is simple. First and

    foremost, we are fluid management experts in a field with almost universal application. Our focus is

    on demanding applications where we can provide customers measurable benefits. By meeting their

    critical needs with high-performing, economical products, they reward us with their business year

    after year. We estimate that 75% of our annual sales come from consumable products. Our global

    organization enables us to support customers with application specialists wherever they are and

    whenever they need them. This business model is the basis for our success and a springboard to

    long-term growth.

    We are steadily executing strategic plans to grow the top line and strengthen our financial performance.

    New and ongoing programs are improving service to customers, increasing efficiency and reducing

    costs. Our mission is clear. We are in pursuit of sustainable profitable growth. This is the same

    measure of success we are committed to helping our customers achieve.

    Providing filtration, separation and purification solutions

    1

  • Pall Life Sciences Pall Life Sciences provides cutting-edge products and services to meet the demanding needs of customers discovering, developing and producing biotech drugs, vaccines and classic pharmaceuticals. Pall technologies are also used to collect and process blood components and help protect patients from hospital-acquired infections.

    Within BioPharmaceuticals, our media and laboratory products are used in drug research, environmental monitoring and molecular diagnostics. Pall products are used extensively in drug production to ensure process consistency and product quality. Increasingly, we are leveraging technologies and experience gained from Pall Industrial to help drug companies reduce their energy and water use and to minimize their environmental impact. Pall’s ability to apply products and applications knowledge across industries is unique in our field.

    Within Medical, Pall technologies are often a patient’s last line of defense from dangerous pathogens. Some of our fastest growing products for this market are helping the medical community to prevent hospital-acquired infections. These infections take too many lives, cost billions of dollars and are largely preventable.

    Pall has become a trusted partner to the Life Sciences market by meeting its exacting standards for innovation, product performance and global service.

    Providing advanced technologies for a myriad of applications

    2

    Medical

    BioPharmaceuticals

    $550.6

    59%

    $389.9 41%

    Pall Life Sciences 2009 Sales by Market

    Western Hemisphere

    Europe

    Asia $441.5

    47%

    $361.0 38%

    $138.0

    15%

    Pall Life Sciences 2009 Sales by Geography

    Energy, Water & Process Technologies

    Microelectronics

    Aerospace & Transportation

    $211.0

    15%

    $887.7

    64%

    $290.0

    21%

    Pall Industrial 2009 Sales by Market

    Western Hemisphere

    Europe

    Asia

    $518.8

    37%

    $408.7 30%

    $461.2 33%

    Pall Industrial 2009 Sales by Geography

    (Amounts in millions) (Amounts in millions)

    (Amounts in millions) (Amounts in millions)

    Total Industrial Sales $1,388.7

    Total Life Sciences Sales

    $940.5

    Pall Industrial Pall Industrial serves virtually all manufacturing sectors. While customers’ end products may differ, their requirements to purify process f luids, protect people and equipment, consume less energy and water and minimize emissions and waste are universal. Pall’s Total Fluid ManagementSM (TFM) capabilities, shared infrastructure and market channel enable us to efficiently and economically capitalize on a myriad of opportunities in diverse markets.

    Within Energy, Water and Process Technologies, Pall helps municipal and industrial customers economically meet imperatives for water quality and availability. We are also helping energy companies to maximize production and develop commercially viable cleaner- burning and alternative energy sources.

    In Microelectronics, Pall is a leading filtration supplier to the rapidly innovating and technically demanding semiconductor, consumer electronics and solar cell industries.

    In the Aerospace and Transportation markets, our filters help protect critical systems on military and commercial aircraft and vehicles. They are also used to keep mining, construction and rail equipment running.

    Customers specify Pall products because they optimize performance and provide measurable economic benefits. Since product life cycles can span decades, Pall’s longevity and financial strength are increasingly important selection criteria that lead customers in both the Industrial and Life Sciences markets to choose us.

    3

    Medical

    BioPharmaceuticals

    $550.6

    59%

    $389.9 41%

    Pall Life Sciences 2009 Sales by Market

    Western Hemisphere

    Europe

    Asia $441.5

    47%

    $361.0 38%

    $138.0

    15%

    Pall Life Sciences 2009 Sales by Geography

    Energy, Water & Process Technologies

    Microelectronics

    Aerospace & Transportation

    $211.0

    15%

    $887.7

    64%

    $290.0

    21%

    Pall Industrial 2009 Sales by Market

    Western Hemisphere

    Europe

    Asia

    $518.8

    37%

    $408.7 30%

    $461.2 33%

    Pall Industrial 2009 Sales by Geography

    (Amounts in millions) (Amounts in millions)

    (Amounts in millions) (Amounts in millions)

    Total Industrial Sales $1,388.7

    Total Life Sciences Sales

    $940.5

  • Meeting the demands of modern society

    Process enhancing technologies

    Demand for Pall’s enabling and process enhancing technologies is pervasive across and within industries. Customer innovation, increasingly stringent health, safety and envi-

    ronmental regulations, water quality, energy costs and growing demand for “green” technologies, all provide additional opportunity

    for us. We are leveraging our broad technical, manufacturing and distribution capabilities to provide practical solutions to these customer and societal demands.

    Water quality and availability

    Although most of earth’s surface is covered by water, less than 1% of it is fresh water we can use. We’re helping large and small municipalities to maximize their resources and produce high-quality drinking water for the communities they serve. We’re also helping manufacturers use less water in their production processes and ensure it meets their specific quality standards. Recycled process water can be safely discharged back to the environment or reused in manufacturing.

    Clean and sustainable energy

    Modern societies have a ferocious appetite for energy. Pall is working closely with energy producers to help them maximize output while minimizing their environmental impact. We’re also working with producers of emerging renewable sources like wind, solar and biofuels to help them overcome issues of capacity, effi- ciency, cost and conve- nience. Removing these barriers will help clear the way for broader adoption and

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