Global Potash Shipments Outlook Million Tonnes KCl Global Potash Shipments 58-60 60 Source: Fertecon and Mosaic 57-58 55 56 55 53 54 50 51 50 45 40 35 30 30 25 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14E…
What Differentiates Mosaic
The Largest Potash and Phosphates Company World's Largest P + K Companies Mosaic PotashCorp Uralkali Belaruskali OCP Israel Chemical K2O K+S P2O5 Qinghai Salt Lake Vale PhosAgro 0.0 2.0 4.0 6.0 8.0 10.0 Million…
Competitive Cost Position - Potash US/Tonne 2014 MOP Industry Cost Curve fob Port 300 Source: CRU and Mosaic 275 Mosaic Advantage: 250 Competitive cash cost 225 position on relatively flat 200 cost curve 175 New K3 shaft at 150 Brine…
Strong Cost Position - Phosphates Mosaic Advantage: US/Tonne 2014 DAP Industry Cost Curve fob Port 600 Source: CRU and Mosaic Vertically integrated with 550 phosphate rock sources 500 from Florida and Miski Mayo 450 JV. 400 Saudi…
2013 MOP Production by Mine MOP Production Costs by Mine 350 300 Carlsbad Total Production Costs* 250 Enterprise Colonsay 200 Belle Plaine 150 Esterhazy 100 50 - 60 80 100 120 140 160 180 200 220 Cash…
Scenario I Optimize Production Across Mines MOP Production Costs by Mine 350 300 Colonsay 250 Total Production Costs* Belle Plaine Enterprise 200 Esterhazy 150 100 50 - 60 80 100 120 140 160 180 200 220 Cash…
Scenario II Impact of K3 Optionality MOP Production Costs by Mine 350 300 Colonsay Total Production Costs* 250 Belle Plaine 200 Enterprise 150 Esterhazy 100 50 - 60 80 100 120 140 160 180 200 220 Cash Costs…
Our Strategic Priorities + = 15
Click to edit Master title style Strategic Accomplishments Potash expansions continue to be on time and on budget. Received Brazil antitrust clearance for ADM acquisition. Made significant progress on CF Industries phosphates…
Capital & Balance Sheet 17
Unchanged Cash Use Priorities Maintain ratings & financial strength Sustain assets & recurring dividend Investments to drive organic growth Opportunistic strategic investments Return excess to shareholders 18
Capital and Balance Sheet Update Capital Allocation: 2 Year Summary* Total: Maintenance 8.5 Billion - 520M P - 710M K 16% - 120M Other Capital Priorities Organic Growth 38% - 260M P 14% - 740M K - 200M Other Investment…
Current Capital Resources July 30 completed 2.4 billion share repurchase commitment; 600 million in remaining share repurchase authorization Annual dividend of 1 / share Available Resources in millions Estimated Excess Cash Balance…
Second Quarter 2014 Financial Results
Second QuarterClick Financial to editHighlights Master title style Net Sales Operating Earnings Phosphates Potash 762 213 1,672 206 2.4 billion 403 million 0.64 diluted earnings per share Includes 0.06 negative impact…
Phosphates Segment Highlights In millions, except DAP price Q2 2014 Q1 2014 Q2 2013 OPERATING EARNINGS BRIDGE IN MILLIONS Net sales 1,672 1,254 1,646 350 Gross Margin 284 207 279 300 Percent of net sales 17% 17% 17% 250…
Potash Segment Highlights In millions, except MOP price Q2 2014 Q1 2014 Q2 2013 OPERATING EARNINGS BRIDGE IN MILLIONS Net sales 762 733 974 400 350 Gross Margin 250 212 389 300 Percent of net sales 33% 29% 40% 250 Operating…
Financial Guidance Click Summary to edit Master title style Phosphates Guidance 2014 Q3 Sales volume 3.3 3.6 million tonnes Q3 DAP selling price 440 - 470 per tonne Q3 Gross margin rate in the mid to high teens Q3 Operating rate…
Financial Guidance Click Summary to edit Master title style Corporate Guidance 2014 Total SG&A - 2014 390 - 410 million Capital Expenditures and 1.0 - 1.2 billion Equity Investments - 2014 Effective Tax Rate - 2014 Mid to high…
Market Data
Stable Long-term Supply and Demand Outlook Potash Production, Capacity and Operating Rate Forecast Global Potash Capacity, Production and Operating Rate Source: Company Reports, Fertecon and Mosaic Likely Scenario 90 100% Million…
Positive Long-term Supply and Demand Outlook Phosphate Production, Capacity and Operating Rate Forecast 100 100% Source: CRU/FRC and Mosaic 90 95% 80 90% 70 85% P2O5 operating rate Million tonnes 60 80% 50 75% 40…
Global Phosphate Shipments by Region May May July July Million Tonnes 2013 Low High Low High Comments DAP/MAP/TSP 2014E 2014E 2014E 2014E Forecast revised modestly lower, but continue to expect moderate growth as high China 21.5 22…
Global Potash Shipments by Region Muriate of Potash May May July July Million Tonnes (KCl) 2013 Low High Low High Comments 2014E 2014E 2014E 2014E Shipments are projected to total 11.8 mmt in 2014 including net imports of 6.3 mmt,…
ADM Fertilizer Brazil and Paraguay Acquisition Transaction Details: Accelerates strategy to expand distribution in key geographies Assets acquired: 5 plants, 3 tolls 2.3 million tonnes of blending capacity Total…
Brazil Phosphates 1000 Tonnes Brazil DAP/MAP/TSP Imports 1000 Tonnes Brazil Phosphate Shipments 700 P2O5 Min/Max Range (2009-2013) Source: ANDA 700 Min/Max Range (2009-2013) Source: ANDA 2014 2014 600 7-Yr Olympic Average 600 7-Yr…
Brazil Potash 1000 Tonnes Brazil MOP Imports 1000 Tonnes Brazil Potash Shipments K2O 1,200 Min/Max Range (2009-2013) Source: ANDA 700 Min/Max Range (2009-2013) Source: ANDA 2014 2014 1,000 7-Yr Olympic Average 600 7-Yr Olympic…
India Phosphate 1000 Tonnes India DAP Imports 1000 Tonnes India DAP Shipments 1,600 1,800 Min/Max Range (09/10-13/14) Source: FAI Min/Max Range (09/10-13/14) Source: FAI 1,400 14/15 1,600 14/15 7-Yr Olympic Average 7-Yr Olympic Average…
India Potash 1000 Tonnes India MOP Imports 1000 Tonnes India MOP Direct Application Shipments 1,200 700 Min/Max Range (09/10-13/14) Source: FAI Min/Max Range (09/10-13/14) Source: FAI 14/15 14/15 1,000 600 7-Yr Olympic Average 7-Yr…
Appendix
EBITDA Reconciliation US Millions Est. 16* Est. 15* Est. 14* CY 13 CY 12 Net earnings 1,063 1,852 + Interest (income) expense, net 6 (20) + Income tax expense 385 348 + Depreciation, depletion & amortization 656 562 EBITDA (1)…
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