Slide 1: Mosaic's 2nd Quarter Fiscal Year 2008 Earnings and Conference Call
Exhibit 99.2 Mosaic’s 2nd Quarter Fiscal Year 2008 Earnings and Conference Call Wednesday, January 9, 2008 Jim Prokopanko, President and CEO Larry Stranghoener, EVP and CFO Christine Battist, Director Investor Relations
Slide 2: 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 i
Slide 3: Mosaic's 2nd Quarter Fiscal Year 2008 Earnings and Conference Call
Mosaic’s 2 nd Quarter Fiscal Year 2008 Earnings and Conference Call
Slide 4: Financial Guidance
Fiscal 2008: Financial Guidance Phosphate •8.6 - 9.1 million tonnes Sales Volume Potash •8.5 - 9.0 million tonnes Sales Volume Equity Earnings •$90 - $120 million Capital Spending •$360 - $400 million SG&A •$280 - $300 million Effective Tax Rate¹ •Low 30%s 1Excluding certain discrete items. Slide 1
Slide 5: Mosaic's 2nd Quarter Fiscal Year 2008 Earnings and Conference Call
nd Mosaic’s 2 Quarter Fiscal Year 2008 Earnings and Conference Call
Slide 6: Further increases in 2008 new crop prices bolster nutrient demand prospects worldwide
Further increases in 2008 new crop prices bolster nutrient demand prospects worldwide These charts show the daily closing price of the new crop futures contracts for corn and soybeans from July 1 through June 30 for the 2004 (the last bull run for reference), 2007 and 2008 crops. These are the price
Slide 7: Crop nutrients remain affordable!
Crop nutrients remain affordable! Bu Corn Crop Nutrient Costs on Corn in Iowa Bushels of Corn Per Acre 30 25 20 15 10 5 0 2003 2004 2005 2006 2007 2008 Sources: Iowa State University, USDA and Mosaic We estimate that a farmer would have to sell 26 bushels of corn at today’s 2008 new crop price in or
Slide 8: Phosphate and potash fundamentals remain exceptionally strong
Phosphate and potash fundamentals remain exceptionally strong Phosphate Prices $ MT Potash Prices $ MT Diammonium Phospahte (DAP) fob Tampa Vessel Blend Grade c&f Brazil 650 450 Source: Fertecon Source: ICIS 600 400 550 500 350 450 300 400 350 250 300 250 200 200 150 150 100 100 00 01 02 03 04 05 06
Slide 9: Agriculture has an impressive track record of productivity growth and efficiency gains
Agriculture has an impressive track record of productivity growth and efficiency gains Corn Prices - Nominal $ Corn Prices - Inflation Adjusted in 2007 $ $ BU Monthly Average of the Daily Close of CBOT Nearby Futures Contract $ BU Monthly Average of the Daily Close of CBOT Nearby Futures Contract 5.
Slide 10: Further productivity growth and efficiency gains to meet the growing demand for food, feed, fiber and fuel
Further productivity growth and efficiency gains to meet the growing demand for food, feed, fiber and fuel Bu Acre U.S. Corn Yields U.S. Nutrient Use Per Bushel of Corn 170 3.25 160 Source: USDA 3.00 150 140 2.75 130 2.50 120 110 2.25 100 90 2.00 80 1.75 70 Source: USDA 60 1.50 70 72 74 76 78 80 82
Slide 11: Mosaic's 2nd Quarter Fiscal Year 2008 Earnings and Conference Call
Mosaic’s 2 ndQuarter Fiscal Year 2008 Earnings and Conference Call