Slide 1: Mosaic's 4th Quarter Fiscal Year 2008 Earnings and Conference Call
Mosaic’s 4 Quarter Fiscal Year 2008 Earnings and Conference Call Tuesday, July 29, 2008 th Jim Prokopanko, President and CEO Mike Rahm, Vice President - Market Analysis and Strategic Planning Christine Battist, Director - Investor Relations Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement This press release 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 curren
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Slide 4: Financial Highlights
Financial Highlights 5/31/2008 5/31/2007 5/31/2008 5/31/2007 (In millions, except per share amounts) Net Sales Gross Margin (% of net sales) Net Earnings (% of net sales) Diluted EPS Effective Tax Rate Cash Flow from Operations Return on Invested Capital (1) Three Months Ended Twelve Months Ended $3
Slide 5: Mosaic Goals and Achievements
Mosaic Goals and Achievements Generate Cash & Pay Down Debt Stockholder Distribution Strengthened Internal Controls & Processes Investment Grade Generated operating cash flow of: • $1 billion in quarter • $2.5 billion in FY 2008 Prepaid $1 billion of long-term debt Upgraded in June 2008 Initiated a
Slide 6: Record phosphate and potash prices
Record phosphate and potash prices Phosphate and Potash Published Spot Prices $ MT DAP fob Tampa MOP c&f Brazil Source: Fertecon and ICIS
Slide 7: Extraordinary P&K demand outlook
Extraordinary P&K demand outlook Global phosphate use is projected to increase percent or 8.9 million tonnes P O from 2006 through 2012. That is a compound annual growth rate of 3.1 percent or 120 basis points higher than the 1.9 percent rate from 1995 to 2005. Global potash use is forecast to incre
Slide 8: Higher input costs but profitable farm economics
Higher input costs but profitable farm economics Variable Cost for a U.S. Midwest High Yield Farm Operation $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 Source: Iowa State University and Mosaic $ Acre Soybeans Corn Following Soybeans Corn Following Corn RAVC for a U.S. Midwest High Yield
Slide 9: Stopping but not reversing the decline in stocks
Stopping but not reversing the decline in stocks The latest USDA statistics released on July 11 show that inventories of the 16 leading grain and oilseed crops will increase a measly 4.4 million tonnes this year and remain at low levels throughout the 2008/09 crop year. The supply response during th
Slide 10: Advantage for integrated phosphate producers
Advantage for integrated phosphate producers DAP Raw Materials Cost Mosaic vs. a Non-Integrated Producer 1,000 1,100 1,200 1,300 2007 FY Mosaic 2007 Non- Integrated Current Mosaic Current Non- Integrated Source: Fertecon and Mosaic $ MT DAP Rock Sulphur Ammonia (1) Calculations based off of July spo
Slide 11: Phosphate: 2H Chinese exports a key factor
Phosphate: 2H Chinese exports a key factor China Monthly DAP and MAP Exports Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1000 MT Source: China Customs China DAP/MAP Phosphate Exports 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 Source: IFA and Mosaic MMT DAP MAP China exported 3.9 million tonnes of DAP/M
Slide 12: Potash: Chinese imports to add fuel to the fire
Potash: Chinese imports to add fuel to the fire We project that Chinese potash imports will decline to 6.4 million tonnes KCL in The latest China Custom statistics show that imports during the first six months of 2008 declined 51% to just 2.4 million tonnes KCL due to the delays in settling 2008 con
Slide 13: Crop Nutrients Have Never Looked So Good
Crop Nutrients Have Never Looked So Good Focus on P&K Potash capacity expansions Phosphates de-bottlenecking Sale of Saskferco
Slide 14: Financial Guidance
Financial Guidance (a) Contingent upon sourcing an adequate supply of sulfur, high operating rates, and restarting certain previously indefinitely closed phosphoric and sulfuric acid production in the second half of the fiscal year. (b) Assumes, among other things, operating the potash facilities at
Slide 15: Mosaic's 4th Quarter Fiscal Year 2008 Earnings and Conference Call
Mosaic’s 4 Quarter Fiscal Year 2008 Earnings and Conference Call th
Slide 16: Selected Non-GAAP Financial Measures and Reconciliations
The Mosaic Company (unaudited) Selected Non-GAAP Financial Measures and Reconciliations Return on Invested Capital Our return on invested capital (“ROIC”) is a measure of value creation and how effectively we allocate capital in our core operations. We believe ROIC is a metric that is most closely c
Slide 17: Operating earnings
Operating earnings 2,806.7 $ 616.3 $ - Taxes at effective tax rate on operating earnings (a) 749.4 150.4 + Equity in net earnings of nonconsolidated companies 124.0 41.3 - Minority interest in consolidated subsidiaries 8.7 3.9 Net operating profit after taxes 2,172.6 $ 503.3 $ Years ended May 31 (a)