Mosaic Company (the) · NYSE:MOS
Mosaic Company (the) — The Mosaic Company — Exane BNP Paribas 23rd CEO Conference 2021
13 slides from Mosaic Company (the)'s conference presentation, Jun 7, 2021
Slide 1: The Mosaic Company
The Mosaic Company Joc O’Rourke President and CEO Clint Freeland Senior Vice President and CFO Jenny Wang Vice President, Global Strategic Marketing
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about proposed or pending future transactions or strategic plans and other stat
Slide 3: Financial Results
Financial Results $ in million 1Q2021 1Q2020 Net Sales $2,297 $1,798 +28% Consolidated Gross Margin $435 $41 +950% Net Income $157 $(203) Adjusted EBITDA(1) $560M $234M +139% Earnings Per Share $0.41 $(0.54) Adjusted Earnings Per Share(1) $0.57 $(0.06) (1)See Non-GAAP Financial Measures for addition
Slide 4: Mosaic's Strategic Priorities
Mosaic’s Strategic Priorities 1 North America Transformation Uncover and pursue new opportunities to improve the profitability and competitiveness of our potash and phosphate businesses 4 Drive Functional Collaboration and Efficiency Rethink and re-engineer outdated and inefficient processes, and co
Slide 5: North America – Phosphate Business
North America – Phosphate Business • Expand NextGEN mining initiatives • 2023 Target: $175 million in annual EBITDA (1) growth from Mosaic initiatives (1)See Non-GAAP Financial Measures for additional information
Slide 6: North America – Potash Business
North America – Potash Business • 2022: K3 complete • 2023 Target: $225 million in annual EBITDA(1) growth from Mosaic initiatives (1)See Non-GAAP Financial Measures for additional information
Slide 7: Expected Monthly Production Impact
Accelerating the Esterhazy Transition • Elimination of brine expenses will save ~$40 million in the second half of 2021 • Production loss of 1 mm tonnes through March 2022, recovered by end of 2022 Resumption of Colonsay Mine • 300k-500k of finished product over the next 9 months • New operating mod
Slide 8: Mosaic Fertilizantes
Mosaic Fertilizantes • Leverage position in large, fast growing market • 2023 Target: $230 million in annual EBITDA (1) growth from Mosaic initiatives (1)See Non-GAAP Financial Measures for additional information
Slide 9: Adjusted EBITDA Growth 2019 to 2023 and Balanced Capital Allocation
Adjusted EBITDA(1) Growth 2019 to 2023 Balanced Capital Allocation Strengthen business through high $700 value investments Strengthen balance sheet – retire $1 billion in debt Million/Year Return capital to shareholders From Mosaic initiatives EXCLUDING market impact (1)See Non-GAAP Financial
Slide 10: Year-Over-Year Price Increases
Year-Over-Year Price Increases Phosphate 450 Potash 700 DAP fob NOLA c&f SE Asia 600 400 DAP c&f India delivered Corn Belt $ per tonne $ per tonne 500 MAP fob NOLA 350 c&f Brazil MAP c&f Brazil 400 300 300 250 200 200 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Corn Soybean
Slide 11: 13 Bold Targets
Mission: Commitment: We help the world grow To achieve the promise of the food it needs our mission…responsibly 13 BOLD TARGETS to drive performance in 12 ESG priority areas 1111
Slide 12: Slide 12
Slide 13: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Consolidated Earnings (Loss) (in millions) 2020 2019 Q1 2021 Q1 2020 Consolidated net earnings (loss) attributable to Mosaic $666 $(1,067) $157 $(203) Less: Consolidated interest expense, net (180) (183) (45) (41) Plus: Consolidated depreciation, depletion and amo
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