Mosaic Company (the) · NYSE:MOS
Mosaic Company (the) — Merrill Lynch Brazil Panel (June 2007)
14 slides from Mosaic Company (the)'s conference presentation, Jun 5, 2007
Slide 1: The Mosaic Company – Merrill Lynch Brazil Panel
Exhibit 99.2 The Mosaic Company Merrill Lynch Brazil Panel
Slide 2: Introduction to Brazil panel remarks
Thank you Don. I am very pleased to be here today on this panel to discuss Brazil, where Mosaic has a strong presence. 1
Slide 3: Safe Harbor Statement
Safe Harbor Statement Certain statements contained herein constitute “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995. Although we believe the assumptions made in connection with the forward-looking statements are reasonable, they do inv
Slide 4: Forward-looking statements reminder
I want to remind you that this presentation contains forward-looking statements. The remarks we make are based on information and understandings we believe to be accurate as of today’s date, June 5th, 2007. Actual results are likely to differ from those set forth in the forward looking statements. 2
Slide 5: Mosaic In Brazil
Mosaic In Brazil Sorriso Candeias Alto Araguaia Rio Verde Uberaba Cubatao Complex Paranaguá Porto Alegre Complex
Slide 6: Mosaic as a producer and distributor of blended fertilizers in Brazil
In Brazil, Mosaic is the one of the largest producers and distributors of blended fertilizers for agricultural use in Brazil. We produce single super phosphates and specialized NPK’s at Cubatao and Paranagua and also have a deep water port at Paranagua, which provides strategic access to a very impo
Slide 7: Brazilian demand surpasses record levels in '03/04
Brazilian demand surpasses record levels in ‘03/04 MMT Brazilian Fertilizer Shipments 26 24 22 Source: ANDA and Mosaic 20 18 16 14 12 10 8 6 4 2 0 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07F
Slide 8: Projected increase in Brazilian fertilizer shipments in 2007
We currently project that total Brazilian fertilizer shipments will increase by 15% to a record high 24.1 million tonnes in 2007. The recovery in Brazil started at the end of 2006. This is due to strong soybean prices, which began to increase last October and are now over $8 per bushel. On-farm econ
Slide 9: Brazil Potash Imports to Recover
Brazil Potash Imports to Recover Brazilian MOP Imports MMT KCL 7.0 6.0 Source: ANDA and Mosaic 5.0 4.0 3.0 2.0 1.0 0.0
Slide 10: Potash import recovery and price increases
The strong market conditions in Brazil this year are expected to result in a recovery in potash imports to around the 6.2 to 6.5 million tonne range. This is close to the previous record high potash import level set in 2005 and is a recovery of over 20% compared with last year. In addition, last yea
Slide 11: Brazilian Phosphates imports expected to increase 33%
Brazilian Phosphates imports expected to increase 33% MMT Brazilian Processed Phosphate Imports 4.0 Source: ANDA and Mosaic 3.5 3.0 TSP 2.5 DAP MAP 2.0 1.5 1.0 0.5 0.0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06E 07F
Slide 12: Processed phosphate import outlook for 2007
Processed phosphate imports by Brazil are also expected to increase in 2007 and our current expectation is for a recovery of about 33%. DAP and MAP imports were up 266% and 3% for the first four months this year. The large increase in DAP imports was the result of the strong Brazilian second corn cr
Slide 13: Argentina will import record tonnage again in 2007
Argentina will import record tonnage again in 2007 MMT Argentine Processed Phosphate Imports 1.4 Source: Fertecon, IFA and Mosaic 1.2 MAP DAP TSP 1.0 0.8 0.6 0.4 0.2 0.0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06E 07F
Slide 14: Argentina import demand and Mosaic presence
While I realize this panel is on Brazil, let me briefly say something about Argentina, which continues to be another very strong market in South America. High grain prices and low carryover stocks are expected to result in strong import demand prospects in Argentina in 2007. Total processed phosphat