Mosaic Company (the) · NYSE:MOS
Mosaic Company (the) — Q2 FY2009 Earnings Presentation
13 slides from Mosaic Company (the)'s earnings presentation, Jan 9, 2009
Slide 1: Mosaic's 2nd Quarter Fiscal Year 2009 Earnings and Conference Call
Mosaic’s 2nd Quarter Fiscal Year 2009 Earnings and Conference Call Tuesday, January 6, 2009 Jim Prokopanko, President and CEO Larry Stranghoener, EVP and CFO Christine Battist, Director - Investor Relations Exhibit 99.2
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: Mosaic's 2nd Quarter Fiscal Year 2009
Mosaic’s 2 nd Quarter Fiscal Year 2009
Slide 4: Financial Highlights
Financial Highlights 11/30/2008 11/30/2007 11/30/2008 11/30/2007 (In millions, except per share amounts) Net Sales Gross Margin (% of net sales) Gain on sale of equity investment Net Earnings (% of net sales) Diluted EPS Effective Tax Rate Cash Flow from Operations Three Months Ended Six Months Ende
Slide 5: nd
Mosaic’s 2 nd Quarter Fiscal Year 2009
Slide 6: New crop prices decline throughout the quarter
New crop prices decline throughout the quarter -29% -32% -28% 2009 New Crop Prices Daily Close of New Crop Options Jan 2, 2008 to Jan 5, 2009 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan $ BU Dec 09 Corn Nov 09 Soybeans Jul 09 Wheat Source: CBOT and KCBOT
Slide 7: Phosphate raw materials costs decline
Phosphate raw materials costs decline Sulphur Prices c&f India $ MT Source: Fertecon Ammonia Prices c&f Tampa $ MT Source: Fertecon Ammonia and sulphur prices decline further and faster than expected
Slide 8: A late NA harvest exacerbates the situation
A late NA harvest exacerbates the situation U.S. Corn Harvest Progress Report Week Ending (Sunday) 2008 2007 Avg. 2003-07 Sep Oct Nov
Slide 9: A Santa Claus rally
A Santa Claus rally (Dec 5 through to Jan 5 change) +26% or $2.10 bu +30% or $1.04 bu +28% or $1.45 bu 2009 New Crop Prices Daily Close of New Crop Options Jan 2, 2008 to Jan 5, 2009 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan $ BU Dec 09 Corn Nov 09 Soybeans Jul 09 Wheat Source: CBOT and KC
Slide 10: Long-Term Drivers
Long-Term Drivers Population growth Improving diets Need for improved agricultural productivity Crop nutrients are critical Historic underinvestment in crop nutrient industry
Slide 11: Another bumper crop still is required in 2009
Another bumper crop still is required in 2009 World Grain and Oilseed Stocks 08/09E L M H Mil Tonnes 10% 13% 16% 19% 22% 25% 28% 31% 34% Percent Stocks Percent of Use Source: USDA and Mosaic (for 09/10 estimates) 2009/10 Scenario Assumptions Low Medium High Increase in Harvested Area (Mil HA) Yield
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Mosaic’s 2 nd Quarter Fiscal Year 2009
Slide 13: Thank you
Mosaic’s 2 nd Quarter Fiscal Year 2009 Thank you