Slide 1: Earnings Conference Call - 4th Quarter and Fiscal Year 2010
The Mosaic Company Jim Prokopanko, President and Chief Executive Officer Larry Stranghoener, Executive VP and Chief Financial Officer Christine Battist, Director - Investor Relations Earnings Conference Call - 4 Quarter and Fiscal Year 2010 Friday, July 23, 2010 Exhibit 99.2 th
Slide 2: 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 beliefs and expectati
Slide 3: 4th Quarter FY 2010 Earnings
4 th Quarter FY 2010 Earnings
Slide 4: Mosaic
Mosaic
Slide 5: Highlights Key Results: Phosphates Segment Highlights
Highlights Key Results Phosphates Segment Highlights Q4FY10 Q3FY10 Q4FY09 Net sales 1,187.9 $ 1,020.7 $ 1,187.6 $ Gross margin 306.6 $ 114.0 $ (31.9) $ % of net sales 26% 11% -3% Operating earnings (loss) 221.1 $ 52.9 $ (79.2) $ Sales volumes 2.3 2.5 2.5 N. Amer. production volumes 1.9 1.7 2.0 Avg.
Slide 6: Highlights Key Results: Potash Segment Highlights
Highlights Key Results Potash Segment Highlights Q4 FY10 Q3FY10 Q4FY09 Net sales 696.5 $ 730.0 $ 386.8 $ Gross margin 378.1 $ 352.0 $ 221.2 $ % of net sales 54% 48% 57% Operating earnings 346.9 $ 326.0 $ 198.6 $ Sales volumes 1.8 1.9 0.6 Production volumes 1.9 1.3 0.7 Avg. MOP selling price $ $ $ •
Slide 7: Financial Guidance - Fiscal 2011
Phosphates Marketw Phosphates Segment Potash Market Potash Segment Canadian Resource Taxes and Royalties $150 - $200 million SG&A $360 – $380 million Effective Tax Rate* Approximately 30% Capital Expenditures $1.4 - $1.6 billion Financial Guidance – Fiscal 2011 • Strong demand • Lean inventories • 2
Slide 8: Mosaic
Mosaic
Slide 9: Highlights Net Cash Position
Highlights Net Cash Position* Cash Allocation Priorities • Maintain liquidity buffer • Invest in our business • Fund strategic growth • Shareholder distributions * See appendix for net cash reconciliation - 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 FISCAL QUARTER $
Slide 10: Components of Cost of Goods Sold Key Points
Components of Cost of Goods Sold Key Points Phosphates Segment Cost Analysis • Mining and production costs, including DD&A, range from $1.4 to $1.6 billion annually, regardless of volume • Blends and Other volumes represent about 30 percent of total segment sales volumes, though this varies quarter
Slide 11: 4th Quarter FY 2010 Earnings
4 th Quarter FY 2010 Earnings
Slide 12: Strategic Overview
Strategic Overview Execution of Strategic Priorities Potash expansions underway Invested in Miski Mayo rock mine Strategic partnering with customers Sold non-core assets Aligned distribution assets with production Enhancing Operational Excellence Process improvements to lower cost, improve efficienc
Slide 13: Key Points
Key Points Strategic plans tied to agricultural outlook Demand is back on track Positive fundamentals and improving sentiment
Slide 14: Thank you
Thank you
Slide 15: Appendix: Net Cash Reconciliation
Appendix $ IN BILLIONS Period Ended Cash and Cash Equivalents Short-Term Debt Current Maturities Long-Term Debt Total Debt Net (Debt) Cash May 31, 2008 2.0 0.1 - 1.4 1.6 0.4 August 31, 2008 2.2 0.1 0.1 1.3 1.5 0.7 November 30, 2008 2.8 0.1 - 1.3 1.4 1.4 February 28, 2009 2.5 0.1 - 1.3 1.4 1.1 May 31