DOCSLIB.ORG

Investor Fact Sheet

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investor Fact Sheet InvestorInvestor FactFact SheetSheet October 2006 The Mosaic Company Mosaic Overview Balance Sheet Highlights We are one of the world's leading producers and marketers of concentrated phosphate and potash crop as of 08/31/2006 nutrients and a supplier of nitrogen. For the global Total Equity: agriculture industry, Mosaic is a single source for NET SALES BY BUSINESS SEGM ENT $3.6 billion Percent of sales phosphates, potash, nitrogen fertilizers and feed Fiscal Year 2006 NITROGEN Total Debt: ingredients. $2.6 billion 3 POTASH Total Capital: We operate with the following four business segments: 21 $6.2 billion Debt - Capital Ratio: Phosphates (53% of Sales) 41.9% Mosaic’s Phosphates segment consists of mines and Operating Working Capital: processing plants in Florida that produce phosphate 53 fertilizer and feed phosphate. We also own and operate 23 $331.9 million processing plants in Louisiana that produce phosphate OFFSHORE fertilizer. Our phosphate fertilizer and feed phosphate Stock Information products are sold throughout the world. PHOSPHATES as of 08/31/2006 NYSE Symbol: MOS Offshore (23% of Sales) Outstanding: 437.4 million Mosaic’s Offshore segment consists of fertilizer blending Market Capitalization: $7.1 billion and bagging facilities, port terminals and warehouses in Fiscal Year End: May 31 11 countries including production facilities in Brazil and China. We are one of the largest producers and distributors of blended fertilizers for agricultural use in Credit Ratings Brazil. Nitrogen (3% of Sales) S&P: BB Mosaic’s Nitrogen segment includes the Moody’s: B2 Potash (21% of Sales) exclusive marketing of nitrogen products for Mosaic’s Potash segment consists of mining and Saskferco Products Inc., a Saskatchewan- based corporation owned 50% by Mosaic, as Analyst Coverage processing facilities in Canada and the United States. We operate four potash mines in Saskatchewan, one well as nitrogen products purchased from third Bank of America – Marshall Reid mine in New Mexico and one mine in Michigan. Our parties and sold by Mosaic. BMO Nesbitt Burns – Edwin Chee potash is sold throughout the world, principally as Citigroup – Brian Yu fertilizer. Goldman Sachs – Edlain Rodriguez JP Morgan – David Silver Merrill Lynch – Don Carson UBS – Jaret Anderson Corporate Contact 3033 Campus Drive FISCAL 2007 GOALS Suite E490 ………………………………………………………………………………………………………………………………………………….. Plymouth, MN 55441 800.918.8270 (phone) GENERATE PAY DOWN EXECUTE 763.577.2986 (fax) CASH DEBT www.mosaicco.com Investor Contact Douglas Hoadley TO MEET OUR GOALS, WE WILL: ………………………………………………………………………………………………………………………………………………….. 763.577.2867 (phone) 763.577.2986 (fax) *Improve Customer Focus [email protected] *Improve Cost Competitiveness Public Affairs Contact *Demonstrate Operations Excellence Linda Thrasher *Strengthen Balance Sheet 763.577.2864 (phone) 763.577.2987 (fax) *Develop Land Strategy ………………………………………………………………………………………………………………………………………………….. [email protected] Financial Highlights - for 1st quarter FY 2007 ending 8/31/06 9Sales Revenue $ 1.29 billion 1st Quarter FY 2007 EBITDA 9EBITDA * $ 0.23 billion Reconciliation to US GAAP 9Debt $ 2.57 billion Net Earnings $ 10 9.0 9Total Assets $ 8.75 billion Interest $ 5 4.7 ¾Approximately 7000 Employees Worldwide Income Taxes $ 7. 4 ¾Selected World Capacity Rankings: D, D, & A $ 7 5.4 9#1 Phosphate Fertilizer Capacity with 15% of World Capacity Amortization (Contracts & Fees) $ ( 15.1) 9#1 Phosphoric Acid Capacity with 12% of World Capacity EBITDA Total $ 231.4 9#2 Phosphate Rock Mining with 11% of World Capacity 9#2 Potash Mining and Processing with 13% of World Capacity ¾Distribution facilities in 11 countries, including top five nutrient-consuming countries in the world ¾ Four phosphate rock mines and four phosphate plants, six potash production facilities In fiscal 2006, North America sales represented and one nitrogen production facility in North America more than one-third of our net sales. 2006 Phosphate Rock Capacity, by Mine 2006 Phosphate Production Capacity, by Plant 2006 Potash Capacity, by Mine (1,000 Tonnes Rock) (1,000 Tonnes Product) (1,000 Tonnes Product) MINE CAPACITY PRODUCT (DAP, MAP, MES) CAPACITY MINE PRODUCT CAPACITY Four Corners 6 ,350 Bartow 2,280 Belle Plaine, SK White MOP 2760 Hookers Prairie 2 ,090 New Wales 3,860 Colonsay, SK Red MOP 1810 Hopewell 550 Riverview 1,880 Esterhazy, SK Red MOP 3810 South Fort Meade 6 ,000 Faustina 1,920 Carlsbad Red MOP 540 Mosaic Capacity 14,990 Total 9,940 K-Mag® 1200 Feed Phosphates 1,000 Hersey, MI White MOP 150 Mosaic Capacity 10,940 North America Total 10270 Third Party Toll Production 953 Mosaic Capacity 9317 Mosaic executed the strategy to restructure its Phosphates business in 2006 by closing the most costly operations. Phosphoric Acid Capacity The indefinite closure of the Fort Green, Florida, phosphate rock mine and the South Pierce and Green Bay, Florida, granulation plants is expected to favorably affect Phosphates earnings by more than 5 4 $100 million in fiscal 2007 based on operational 5 O cost savings and improvements in gross margins. 2 3 n o 2 es P illi n 1 M n o * EBITDA and adjusted EBITDA reconciliation to US GAAP provided in box. t 0 Certain statements contained herein constitute “forward-looking statements” as that term is defined under the Private Securities Litigation Reform c P ai CS ro Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results. Such statements are based s OC P g sA upon the current beliefs and expectations of The Mosaic Company’s management and are subject to significant risks and uncertainties. These Mo o risks and uncertainties include but are not limited to the predictability of fertilizer, raw material and energy markets subject to competitive market Ph pressures; changes in foreign currency and exchange rates; international trade risks including, but not limited to, changes in policy by foreign governments; changes in environmental and other governmental regulation; the ability to successfully integrate the former operations of Cargill Crop Nutrition and IMC Global Inc. and the ability to fully realize the expected cost savings from their business combination within expected time frames; adverse weather conditions affecting operations in central Florida or the Gulf Coast of the United States, including potential hurricanes or excess rainfall; actual costs of closure of the South Pierce, Green Bay and Fort Green facilities differing from management’s current estimates; Potash Capacity realization of management’s expectations regarding reduced raw material or operating costs, reduced capital expenditures and improved cash flow and anticipated time frames for the closures and the ability to obtain any requisite waivers or amendments from regulatory agencies with oversight of The Mosaic Company or its phosphate business, as well as other risks and uncertainties reported from time to time in The Mosaic 13 Company’s reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking 12 statements. t 11 c u 10 d o 9 r P 8 es 7 n n 6 o 5 t n 4 llio 3 Mi 2 1 0 s CS aic ru &S P os la K M Be.
Load more

Recommended publications
  • Mosaic Stockholders Report 2013 Transition Period Financial Highlights
    MOSAIC STOCKHOLDERS REPORT 2013 TRANSITION PERIOD FINANCIAL HIGHLIGHTS NET SALES AND OPERATING EARNINGS DILUTED EARNINGS PER SHARE CAPITAL EXPENDITURES AND Fiscal Year / $ In Billions Fiscal Year / $ Per Share CASH FLOW FROM OPERATIONS Fiscal Year / $ In Billions $12 $6 $3 $10 $5 $2.5 $8 $4 $2 $6 $3 $1.5 $4 $2 $1 $0.5 $2 $1 $0 $0 $0 FY2010 FY2011 FY2012 FY2013 TP2013 FY2010 FY2011 FY2012 FY2013 TP2013 FY2010 FY2011 FY2012 FY2013 TP2013 Net Sales Operating Earnings Sustaining Opportunity Expansion Cash Flow from Operations FINANCIAL OVERVIEW In Millions (except per share amounts) FY2010 FY2011 FY2012 FY2013 TP2013 Net Sales $6,759.1 $9,937.8 11,107.8 $9,974.1 $4,765.9 Gross Margin 1,693.3 3,121.8 3,085.0 2,760.2 828.3 Operating Earnings 1,270.8 2,664.2 2,611.1 2,209.6 416.9 Net Earnings 827.1 2,514.6 1,930.2 1,888.7 340.0 Diluted Net Earnings Per Share 1.85 5.62 4.42 4.42 0.80 Cash and Cash Equivalents 2,523.0 3,906.4 3,811.0 3,697.1 5,293.1 Total Assets 12,707.7 15,786.9 16,690.4 18,086.0 19,554.0 Total Long-term Debt 1,260.8 809.3 1,010.5 1,010.5 3,009.3 Total Equity 8,748.4 11,661.9 11,999.4 13,442.9 11,320.6 Net Cash Provided by Operating Activities 1,356.0 2,426.7 2,705.8 1,887.5 889.4 Capital Expenditures 910.6 1,263.2 1,639.3 1,588.3 800.0 Dividends Per Share on Common Stock 1.50 0.20 0.28 1.00 0.50 *TP = Transition Period from June 1, 2013, through December 31, 2013 The Mosaic Company Transition Period from June 1, 2013, through December 31, 2013 Financial Table of Contents Page Management’s Discussion and Analysis of Financial Condition and Results of Operations ..................
    [Show full text]
  • Microessentials: What It Took – and Why It Worked
    MicroEssentials: What it Took – and Why it Worked Corrine Ricard SVP – Commercial, The Mosaic Company Forward Looking Statements This document contains forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about our proposed acquisition of the global phosphate and potash operations of Vale S.A. ("Vale") conducted through Vale Fertilizantes S.A. (the "Transaction") and the anticipated benefits and synergies of the proposed Transaction, other proposed or pending future transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties. These risks and uncertainties include but are not limited to risks and uncertainties arising from the possibility that the closing of the proposed Transaction may be delayed or may not occur, including delays or risks arising from any inability of Vale to achieve certain specified regulatory and operational milestones, and the ability to satisfy any of the other closing conditions; our ability to secure financing, or financing on satisfactory terms and in amounts sufficient to fund the cash portion of the purchase price without the need for additional funds from other liquidity sources; difficulties with realization of the benefits of the proposed Transaction, including the risks that the acquired business may not
    [Show full text]
  • Marketable Phosphate Rock--Crop Year 2004
    Mineral Industry Surveys For information, contact: Stephen M. Jasinski, Phosphate Rock Commodity Specialist Hoa P. Phamdang (Data) U.S. Geological Survey Telephone: (703) 648-7965 983 National Center Fax: (703) 648-7975 Reston, VA 20192 E-mail: [email protected] Telephone: (703) 648-7711, Fax: (703) 648-7757 E-mail: [email protected] Internet: http://minerals.usgs.gov/minerals MARKETABLE PHOSPHATE ROCK—CROP YEAR 2004 U.S. production of marketable phosphate rock increased The two largest phosphate rock producers in the United slightly to 36.1 million metric tons (Mt) in Crop Year 2004 States, IMC Global Inc. and Cargill Crop Nutrition, announced (July 1, 2003-June 30, 2004) compared with 35.6 Mt in Crop plans to merge in February 2004. The new company, which will Year 2003 according to the U.S. Geological Survey (USGS). be known as The Mosaic Company, will become the second Data for this report were collected through monthly and largest fertilizer company in the world, in terms of sales, after semiannual canvasses of U.S. phosphate rock producers. All Yara International ASA of Norway. Mosaic would control 55% companies that produced phosphate rock in the United States of domestic phosphate rock production capacity and about 57% during the period participated in the voluntary surveys, of U.S. phosphoric acid (P2O5 content) production capacity. representing 100% of the production, sold or used, and value Worldwide, it would have 13% of phosphate rock capacity and data shown in the tables. Trade data were provided by the U.S. 14.4% of phosphoric acid capacity (Green Markets, 2004).
    [Show full text]
  • 2020 ANNUAL REPORT Financial Highlights
    2020 ANNUAL REPORT Financial Highlights In the first half of 2020, excess inventories pressured global prices. The second half of the year saw strong, demand driven price recovery; however, average full-year prices remained below 2019 levels. Despite this market environment and challenges in managing through a global pandemic, The Mosaic Company drove significant transformative improvements across the organization. All three operating segments delivered cost improvements, offsetting lower prices, and driving higher cash from operating activities and higher earnings. NETNET SALES SALES NETNET CASH CASH PROVIDED PROVIDED BY OPERATINGBY OPERATING ACTIVITIES ACTIVITIES DOLLARSDOLLARS IN BILLIO IN BILLIONS NS DOLLARSDOLLARS IN BILLIO IN BILLIONS NS NETNET SALES SALES NETNET CASH CASH PROVIDED PROVIDED BY BYOPERATING OPERATING ACTIVITIES ACTIVITIES 10 10 2.0 2.0 DOLLARSDOLLARS IN BILLIO IN BILLIONS NS DOLLARSDOLLARS IN BILLIO IN BILLIONS NS 9.6*9.6* 10 10 8.98.9 2.0 2.0 8 8 8.78.7 9.6*9.6* 1.5 1.5 1.61.6 7.47.4 8.98.9 8 8 7.17.1 8.78.7 1.4*1.4* 6 6 1.5 1.5 1.31.3 1.61.6 7.47.4 7.17.1 1.0 1.0 1.4*1.4* 1.11.1 6 6 1.31.3 4 4 0.940.94 1.0 1.0 1.11.1 4 4 0.5 0.5 0.940.94 2 2 0.5 0.5 2 2 0 0 0.0 0.0 20162016 20172017 20182018 20192019 20202020 20162016 20172017 20182018 20192019 20202020 0 0 0.0 0.0 20162016 20172017 20182018 20192019 20202020 20162016 20172017 20182018 20192019 20202020 NORTHNORTH AMERICA AMERICA PHOSPHATE PHOSPHATE CASH CASH NORTHNORTH AMERICA AMERICA MURIATE MURIATE OF POTASHOF POTASH CASH CASH CONVERSIONCONVERSION COSTS** COSTS**
    [Show full text]
  • 2017 ANNUAL REPORT Financial Highlights
    2017 ANNUAL REPORT Financial Highlights NET SALES AND OPERATING EARNINGS CAPITAL EXPENDITURES DOLLARS IN BILLIONS DOLLARS IN BILLIONS 10 10 1.5 1.5 1.4* 9.0* 9.0 8.9 8 8 1.2 7.1 7.4 1.0 1.0 0.93 6 6 0.9 0.84 0.82 4 4 0.6 .5 2 2 0.3 0 0 0.0 0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 OPERATING EARNINGS GROWTH EXPENDITURES SUSTAINING EXPENDITURES COST CONTROLS (SG&A) NET CASH PROVIDED BY OPERATING ACTIVITIES DOLLARS IN MILLIONS DOLLARS IN BILLIONS 500 500 2.5 2.5 2.1 394* 2.0* 2.0 400 400 382 2.0 2.0 361 304 301 300 1.5 300 1.5 1.3 200 200 1.0 1.0 0.94 100 100 0.5 .5 0 0 0.0 0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 PHOSPHATE CASH CONVERSION COSTS** MURIATE OF POTASH CASH COSTS OF PRODUCTION*** DOLLARS PER TONNE DOLLARS PER TONNE 80 80 150 150 71 71 133* 70 68 65 61* 120 120 112 60 60 94 50 90 90 87 88 40 40 60 60 30 20 20 30 30 10 0 0 0 0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 * Unaudited due to change of year end from May 31 to December 31 in 2013. ** Phosphate cash conversion costs are reflective of actual costs, excluding realized mark-to-market gains and losses. These costs are captured in inventory and are not necessarily reflective of costs included in costs of goods sold for the period.
    [Show full text]
  • Phosphate Acquisition Partners LP
    PROSPECTUS Mosaic Global Holdings Inc. (formerly known as IMC Global Inc.) Phosphate Acquisition Partners L.P. (the successor to Phosphate Resource Partners Limited Partnership) Solicitation of Consents Relating to $1,812,487,000 Aggregate Principal Amount of Certain Debt Securities issued by Mosaic Global Holdings Inc. and Phosphate Acquisition Partners L.P. The Mosaic Company Mosaic Fertilizer, LLC Mosaic Crop Nutrition, LLC Guarantees Mosaic Global Holdings Inc. (formerly known as IMC Global Inc.), referred to as IMC, and Phosphate Acquisition Partners L.P. (the successor to Phosphate Resource Partners Limited Partnership), referred to as PLP, are soliciting your consents to proposed amendments to the terms of the debt securities listed below, which are referred to collectively as the Securities, in return for the identified consideration. IMC and PLP previously solicited consents to amendments to the terms of the Securities pursuant to a prospectus dated November 16, 2004. IMC and PLP have amended the Expiration Time with respect to each series of the Securities and the Early Consent Premium Deadline and the Consent Fee with respect to the High-Yield Notes, and this prospectus sets forth the revised terms of the consent solicitation. The other terms of the consent solicitation (including the proposed Amendments) remain unchanged. Please refer to this prospectus and the accompanying revised letter of consent, and not the prospectus dated November 16, 2004 and the related letter of consent, for the currently applicable description and terms of the consent solicitation relating to the Securities. Capitalized terms used this paragraph that have not previously been defined are defined below in this prospectus.
    [Show full text]
  • The Mosaic Company (Exact Name of Registrant As Specified in Its Charter) ______Delaware 20-1026454 (State Or Other Jurisdiction of (I.R.S
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-K ______________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-32327 ______________________________ The Mosaic Company (Exact name of registrant as specified in its charter) ______________________________ Delaware 20-1026454 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 101 East Kennedy Blvd Suite 2500 Tampa, Florida 33602 (800) 918-8270 (Address and zip code of principal executive offices and registrant’s telephone number, including area code) ______________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol Name of each exchange on which registered Common Stock, par value $0.01 per share MOS New York Stock Exchange ______________________________ Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • 2019 ANNUAL REPORT Financial Highlights
    2019 ANNUAL REPORT Financial Highlights Weather conditions negatively impacted 2019 North American spring and fall fertilizer applications driving lower phosphate prices and potash sales volumes, which negatively impacted cash from operating activities. In response to these conditions, the company made decisions to curtail phosphate and potash production to improve its cost structure longer-term and balance production with customer demand in the near-term. The resulting lower operating rates in both Potash and Phosphates temporarily raised Mosaic’s cash cost per tonne. NETNET SALES SALES NETNET CASH CASH PROVIDED PROVIDED BY OPERATINGBY OPERATING ACTIVITIES ACTIVITIES DOLLARSDOLLARS IN BILLIO IN BILLIONS NS DOLLARSDOLLARS IN BILLIO IN BILLIONS NS NETNET SALES SALES NETNET CASH CASH PROVIDED PROVIDED BY BYOPERATING OPERATING ACTIVITIES ACTIVITIES 10 10 2.0 2.0 DOLLARSDOLLARS IN BILLIO IN BILLIONS NS DOLLARSDOLLARS IN BILLIO IN BILLIONS NS 2.02.0 9.6*9.6* 10 2.0 2.0 10 8.9 8.9* 8 8 8.9 8.9* 2.02.0 9.6*9.6* 1.5 1.5 8.98.9 7.47.4 8.9*8.9* 8 8 7.17.1 1.4*1.4* 6 6 1.5 1.5 1.31.3 7.47.4 7.17.1 1.0 1.0 1.4*1.4* 1.1*1.1* 6 6 1.31.3 4 4 0.940.94 1.0 1.0 1.1*1.1* 4 4 0.5 0.5 0.940.94 2 2 0.5 0.5 2 2 0 0 0.0 0.0 20152015 20162016 20172017 20182018 20192019 20152015 20162016 20172017 20182018 20192019 0 0 0.0 0.0 20152015 20162016 20172017 20182018 20192019 20152015 20162016 20172017 20182018 20192019 NORTHNORTH AMERICA AMERICA PHOSPHATE PHOSPHATE CASH CASH NORTHNORTH AMERICA AMERICA MURIATE MURIATE OF POTASHOF POTASH CASH CASH CONVERSIONCONVERSION
    [Show full text]
  • Cargill Timeline 1865-Present
    Cargill Timeline 1865-Present 1865 William Wallace Cargill leaves the family home in Janesville, Wisconsin and becomes the proprietor of a grain flat house in Conover, Iowa. The flat house, a type of warehouse that preceded country elevators, was at the end of the McGregor & Western Railroad line. 1867 In 1867, W. W. Cargill is joined by two of his younger brothers, Sam and Sylvester, in Lime Springs, Iowa, where the business constructs a grain flat house and opens a lumberyard. 1868 W. W. Cargill marries Ellen Stowell in Ossian, Iowa, and moves to Austin, Minnesota, where he builds his first Minnesota flat house. W. W. acquires storehouses to take advantage of the great post-war agricultural and railroad expansion throughout the plains. 1870 W. W. Cargill's business is headquartered in Albert Lea, Minnesota, to take advantage of the expansion of the Southern Minnesota Railroad. About this time W.W.'s brother, Sylvester S. Cargill, becomes independent, eventually establishing the Victoria Elevator Company in Minneapolis. 1875 W. W. Cargill moves his family and headquarters to La Crosse, Wisconsin. The city is a logical choice because it is the point at which the Milwaukee Railroad and the Southern Minnesota Railroad connect. James F., one of W. W. Cargill's younger brothers, joins the family business. 1878 The Milwaukee Railroad expands the Southern Minnesota Division westward towards the border. Cargill follows this growth, and experiments with vertical integration by establishing a 5,760-acre farm near Sherburn, Minnesota. Known as "The Mule Farm," it loses money. 1880 W. W. Cargill invests in two Minnesota flour mills at Houston and Hokah.
    [Show full text]
  • View Annual Report
    Meet Mosaic The Mosaic Company 2005 Annual Report Mosaic will be the global leader in nourishing crops, delivering distinctive value to world agriculture and to all we touch. Meet Mosaic We’re Mosaic, the world’s largest combined producer of phosphate and potash and a leading supplier of nitrogen. By supplying the vital nutrients the world needs to grow crops, we’re a critical link in the global food supply chain. We’re a newly formed public company created through the combination of agribusiness leaders Cargill Crop Nutrition and IMC Global. We’re well established in growing markets around the world with more than $5 billion in pro forma annual sales and decades of experience in mining, processing and delivering crop nutrients. Our mining resources, operational expertise and in-depth knowledge of local markets are second to none. Our global customers benefit from Mosaic’s risk management skills, supply chain experience and logistics capabilities. We’re a highly motivated company pursuing excellence in all that we do and for all those we touch. Combining a proven business model, strong operating units, and exceptionally skilled people, we’re greater than the sum of our parts. We’re determined to generate superior returns for our shareholders through the hard work of our engaged employees. We’re honored to earn your trust. Mosaic President and Chief Executive Officer Fritz Corrigan (right) assesses phosphate mining operations in South Fort Meade, Florida, with Steve Pinney, Senior Vice President of Phosphate Operations (left). One of Mosaic’s draglines is in the background. To Our Shareholders On behalf of our more than 8,000 employees around the world, let me introduce you to Mosaic and show you why we’re so excited about our business and our future.
    [Show full text]
  • Introduction Key Factors Affecting Results Of
    MANAGEMENT’s DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The Mosaic Company INTRODUCTION KEY FACTORS AffECTING RESULTS OF The Mosaic Company (“Mosaic”, and individually or in any OPERATIONS AND FINANCIAL CONDITION combination with its consolidated subsidiaries, “we”, “us”, Our primary products, phosphate and potash fertilizers are, “our”, or the “Company”) was created to serve as the par- to a large extent, global commodities that are also available ent company of the business that was formed through the from a number of domestic and international competitors, business combination (“Combination”) of IMC Global Inc. and are sold by negotiated contracts or by reference to (“IMC” or “Mosaic Global Holdings”) and the Cargill published market prices. The most important competitive Crop Nutrition fertilizer businesses (“CCN”) of Cargill, factor for our products is delivered price. As a result, the Incorporated and its subsidiaries (collectively, “Cargill”) markets for our products are highly competitive. Business on October 22, 2004. and economic conditions and governmental policies affecting We are one of the world’s leading producers and the agricultural industry are the most significant factors affect- marketers of concentrated phosphate and potash crop ing worldwide demand for crop nutrients. The profitability nutrients. We conduct our business through wholly and of our businesses is heavily influenced by worldwide supply majority owned subsidiaries as well as businesses in which and demand for our products, which affects our sales prices we own less than a majority or a non-controlling interest, and volumes. Our costs per tonne to produce our products including consolidated variable interest entities and invest- are also heavily influenced by worldwide supply and demand ments accounted for by the equity method.
    [Show full text]