Slide 1: Earnings Conference Call – 4th Quarter Fiscal 2011
Exhibit 99.2 The Mosaic Company Earnings Conference Call – 4th Quarter Fiscal 2011 Tuesday, July 19, 2011 Jim Prokopanko, President and Chief Executive Officer Larry Stranghoener, Executive Vice President and Chief Financial Officer Laura Gagnon, Vice President Investor Relations
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation 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 future financial and operating results. Such statements are based upon the current
Slide 3: The Mosaic Company Earnings Conference Call - 4th Quarter Fiscal 2011
The Mosaic Company Earnings Conference Call - 4th Quarter Fiscal 2011 Tuesday, July 19, 2011
Slide 4: Bullish Long-term Outlook
Bullish Long-term Outlook Continued tight agricultural markets Record yields and harvested area required Very favorable demand outlook for the remainder 2011 • Potash: – Record 2011 global shipments of 55 to 58 million tonnes – 3.0 – 3.5 percent annual long-term growth • Phosphate: – Record 2011 glo
Slide 5: Positioned to Create Value
Positioned to Create Value High quality assets • Industry leading facilities • Global distribution and marketing • Differentiated products Excellence in execution • Potash expansions • Operational excellence Efficient capital allocation • Strong balance sheet and cash position • Investing to drive s
Slide 6: South Fort Meade Update
South Fort Meade Update 6
Slide 7: Financial Results
Financial Results Three Months Ended Fiscal Year In millions, except per share amounts 5/31/2011 5/31/2010 2011 2010 Net sales $2,860 $1,860 $9,938 $6,759 Gross margin $995 $688 $3,122 $1,693 % of net sales 35% 37% 31% 25% Net earnings $649 $396 $2,515 $827 % of net sales 23% 21% 25% 12% Diluted EPS
Slide 8: Potash Segment Highlights
Potash Segment Highlights Q4 FY11 Q3 FY11 Q4 FY10 OPERATING EARNINGS BRIDGE In millions, except MOP price $ IN MILLIONS Net sales $982 $758 $697 700 Gross Margin $515 $412 $378 600 % of net sales 52% 54% 54% 500 Operating earnings $469 $414 $347 400 Sales volumes 2.2 1.9 1.8 300 Production volume 2.
Slide 9: Phosphates Segment Highlights
Phosphates Segment Highlights Q4 FY11 Q3 FY11 Q4 FY10 OPERATING EARNINGS BRIDGE In millions, except dap price $ IN MILLIONS Net sales $1,882 $1,458 $1,188 700 Gross Margin $479 $454 $307 600 % of net sales 25% 31% 26% 500 Operating earnings $370 $372 $221 400 Sales volumes 2.8 2.4 2.3 300 NA product
Slide 10: Financial Guidance – Fiscal 2012
Financial Guidance – Fiscal 2012 Category Guidance Potash Q1 Sales volume 1.7 – 1.9 million tonnes Q1 MOP selling price $430 - $455 per tonne Q1 Operating rate between 75% and 85% Phosphates Q1 Sales volume 3.0 – 3.3 million tonnes Q1 DAP selling price $560 - $590 per tonne Q1 Operating rate above 8
Slide 11: Investing for Growth
Investing for Growth CAPITAL EXPENDITURES $ IN BILLIONS Fiscal 2011 guidance $1.6 to $1.9 billion 2.0 Potash: 1.5 Investment levels remain high for several years 1.0 2012 DD&A up ~$50 million as projects come on-line 0.5 Phosphates initiatives: 0.0 Operational efficiencies 2007 2008 2009 2010 2011 2
Slide 12: Thank you for joining us today
The Mosaic Company Thank you for joining us today
Slide 13: Appendix 1: Phosphates Segment Cost Analysis
Appendix 1: Phosphates Segment Cost Analysis COMPONENTS OF COST OF GOODS SOLD Mining, production and DD&A costs $ IN BILLIONS ranged $1.4 to $1.5 billion for the past 7 few years, regardless of volume 6 Blends and Other volumes about 30 percent of segment sales volumes, 5 though this varies quarter
Slide 14: Appendix 2: Earnings Sensitivity to Key Drivers
Appendix 2: (a) Earnings Sensitivity to Key Drivers Estimated Change in Estimated Pre-Tax Earnings Change in Annual Change ($ in millions) EPS MOP Price ($/tonne) $50 $368 $0.59 Potash Volume (000 tonnes) 500 $157 $0.25 DAP Price ($/tonne) $50 $412 $0.66 Phosphates Volume (000 tonnes) 500 $92 $0.15