Q&A with CEO Jim Prokopanko

A conversation on our progress and commitment to sustainability

Our Growth in Brazil

Supporting the production of crops through crop nutrition

Companywide Innovation

Taking the lead in market, product and industry practices

Leadership & Awards

Strengthening our transparency & commitments

Year-Over-Year Comparative Highlights

Details on 2010 through 2013 financial and non-financial performance.

Goals & Progress

An update on goals developed in 2012

2.0 Organizational Profile

2.1

Name of the Organization

The Mosaic Company

2.2

Primary Brands, Products and Services

The Mosaic Company is the world’s leading producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry. We are the largest integrated phosphate producer in the world and the fourth largest producer of potash in the world. Through our broad product offering, we are a single-source supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. We serve customers in approximately 40 countries. We mine phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. We mine potash in Saskatchewan, New Mexico and Michigan. We have other production, blending or distribution operations in Australia, Brazil, China, India, Argentina and Chile, and a strategic equity investment in a phosphate rock mine in the Bayovar region in Peru, and recently formed a joint venture to develop a phosphate rock mine and chemical complexes in the Kingdom of Saudi Arabia. We also recently signed agreements with Archer Daniels Midland Company to acquire its fertilizer distribution business in Brazil and Paraguay We operate in the top four nutrient-consuming countries in the world.

Phosphates

We are the largest integrated phosphate producer in the world and one of the largest producers of phosphate-based animal feed ingredients in the United States. We sell phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally. Our Phosphates segment also includes our North American and international distribution activities. Our distribution activities include sales offices, port terminals and warehouses in the United States, Canada and several other key international countries. In addition, the international distribution activities include blending, bagging and production facilities in Brazil, China, India, Argentina and Chile. Our phosphate crop nutrient products are marketed worldwide to crop nutrient manufacturers, distributors and retailers.

Potash

We are the fourth-largest producer of potash in the world. We sell potash throughout North America and internationally, principally as fertilizer, but also for use in industrial applications and, to a lesser degree, as animal feed ingredients. We mine and process potash in Canada and the United States, and sell potash in North America and internationally.

Examples of Mosaic’s products include:

  • Diammonium Phosphate (DAP). DAP is the most widely used high-analysis phosphate crop nutrient worldwide. DAP is produced by combining phosphoric acid with anhydrous ammonia. DAP is a solid granular product.
  • Monoammonium Phosphate (MAP). MAP is the second most widely used high-analysis phosphate crop nutrient and the fastest growing phosphate product worldwide. MAP is also produced by first combining phosphoric acid with anhydrous ammonia. MAP is a solid granular product.
  • Muriate of Potash (MOP) is the primary source of potassium for the crop nutrient industry. Red MOP has traces of iron oxide. The granular and standard grade Red MOP products are well suited for direct fertilizer application and bulk blending. White MOP has a higher percent potassium oxide. White MOP, besides being well suited for the agricultural market, is used in many industrial applications.
  • MicroEssentials®: MicroEssentials fertilizers are a line of value-added ammoniated phosphate products that are enhanced through a patented process to include micronutrients such as sulfur or zinc. These products provide for uniform nutrient distribution, resulting in improved nutrient uptake, which allows plants to maximize their yield potential.
  • K-Mag®: K-Mag delivers potassium (K), magnesium (Mg) and sulfur (S) in a single granule, reducing the need for fertilizer blends.
  • Nexfos®: In 2011, Mosaic unveiled Nexfos, a new animal feed-grade phosphate product that increases efficiency, enhances bioavailability and contains a higher sustainable concentration of phosphate over traditional livestock feed products. Nexfos represents the first innovation in feed-grade phosphate in 40 years. Nexfos also reduces purchasing, storing and handling costs for consumers, and offers significant reductions in requirements during production. Production design changes have resulted in increased water and energy efficiencies.
  • Aspire: Aspire is the first-of-its-kind micronutrient-enhanced fertilizer. Aspire premium potash with Boron combines Potassium and Boron in each granule to achieve uniform distribution, increased yields and meet the growing need for micronutrients in crops like corn, soybeans, alfalfa and cotton.

2.3

Operational Structure

Mosaic conducts business through wholly and majority-owned subsidiaries, as well as businesses in which we own less than a majority or a non-controlling interest. We are organized into two reportable business segments: Phosphates and Potash. Additional information is detailed in our 10-K Report (Page 6).

2.4

Location of Headquarters

Mosaic’s headquarters are located in Plymouth, Minnesota.

Mosaic’s complete mailing address:
The Mosaic Company
3033 Campus Drive, Suite E490
Minneapolis, Minnesota 55441

2.5

Number of Countries Where the Company Operates

Mosaic has operations in eight countries.

Operations Presence
Country Phosphate production Potash production Office Warehouse Blender Port
United States
Canada
Argentina
Brazil
Chile
China
India
Australia

2.6

Nature of Ownership and Legal Form

Mosaic is a publicly traded company whose common stock is listed under the ticker symbol MOS on the New York Stock Exchange (NYSE).

2.7

Markets Served

Mosaic has key distribution facilities in eight countries, serving wholesalers, retail dealers and individual growers in approximately 40 countries. In 2013, we distributed crop nutrients – approximately 13% of estimated global phosphate and approximately 14% of estimated global potash products – through the value chain to wholesalers and retailers through our extensive global distribution system. Mosaic also offers value-added services, such as tools to assist in application rates of crop nutrients, and other customized services that increase both crop and economic yields.

2.8

Scale of Reporting Organizations

Mosaic had approximately 8,400 employees as of December 31, 2013, consisting of approximately 3,600 salaried and 4,800 hourly employees. Sales for calendar year 2013 were approximately $9 billion, representing approximately 16,300,000 tonnes of finished product. A list of Mosaic’s 47 locations is available on our website.

Mosaic’s total assets as of December 31, 2013, equaled $19,554 million.

2.9

Significant Changes During the Reporting Period Regarding Size, Structure or Ownership

Reporting of 2013 Operations and Share Capital Structure is provided in our 10-K Report (Page 2).

2.10

Awards Received in the Reporting Period

Mosaic has been recognized by international, national and local organizations for achievements in corporate responsibility, environmental issues, reclamation and philanthropy. A selection of awards is presented below.

Corporate Responsibility 100

The Mosaic Company has been recognized on Corporate Responsibility Magazine’s 13th annual 100 Best Corporate Citizens List, known as the world’s top corporate responsibility ranking based on publicly available information. This is the fourth year in a row that Mosaic been named to the list, ranking number one among mining and crop nutrition companies on the CR100 and number 52 overall.

Ethisphere’s List of World’s Most Ethical Companies

Mosaic joined only 145 other companies to be recognized by the Ethisphere Institute as one of the 2013 World’s Most Ethical Companies. Mosaic was one of only two metals and mining companies based in the United States to make the list.

CECP President’s Award for Excellence in Corporate Philanthropy

The Mosaic Company received the 2013 President’s Excellence Award in Corporate Philanthropy from CECP, the organization formerly known as the Committee Encouraging Corporate Philanthropy. The award recognizes Mosaic’s success in helping smallholder farmers in Guatemala, India and eight African countries break the cycle of insufficient crop yields and poverty through The Mosaic Villages Project.