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The Mosaic Company is a leading producer and marketer of concentrated phosphate and potash crop nutrients, serving customers in approximately 40 countries . The company operates through three main business segments: Phosphates, Potash, and Mosaic Fertilizantes, producing and selling crop nutrients, animal feed ingredients, and industrial products . Mosaic accounts for approximately 12% of global annual phosphate production and 13% of global annual potash production .
- Potash - Operates mines and production facilities in Canada and the U.S., producing potash-based crop nutrients, animal feed ingredients, and industrial products. Sells Canadian potash outside the U.S. and Canada through Canpotex .
- Phosphates - Includes mines and production facilities in Florida and Louisiana, a 75% interest in the Miski Mayo Phosphate Mine in Peru, and a 25% interest in the Ma’aden Wa’ad Al Shamal Phosphate Company in Saudi Arabia. Produces phosphate crop nutrients and animal feed ingredients .
- Mosaic Fertilizantes - Primarily operates in Brazil, including five phosphate rock mines, four chemical plants, and a potash mine, along with distribution operations in South America .
- Crop Nutrient Blends - Offers a variety of blended crop nutrient products tailored to specific agricultural needs .
- Performance Products - Provides specialized products designed to enhance agricultural productivity and efficiency .
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Given the repeated operational challenges due to hurricanes and electrical issues affecting your phosphate production, how confident are you in achieving the annualized run rate of 7.8 to 8.2 million tons by year-end, and what specific measures are you implementing to mitigate future weather-related disruptions?
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With the recent improvement in Brazilian farmer economics and activity, how sustainable do you believe this recovery is considering the past headwinds from commodity prices and credit constraints, and what strategies are you employing to mitigate ongoing credit risks in this key market?
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Despite supply from Russia and Belarus returning to pre-war levels, you mentioned that potash prices have likely hit bottom and are beginning to trend higher. What gives you confidence in a price recovery, and how would prolonged low potash prices impact your financial performance and strategic plans?
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You've initiated a strategic review of your Carlsbad New Mexico potash mine and are converting your MWSPC joint venture into Ma'aden's shares valued at $1.5 to $1.6 billion. Can you elaborate on your capital allocation priorities, and how do these actions align with your long-term growth strategy, especially in light of recent operational challenges and the need for cost reductions?
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Mosaic Biosciences is highlighted as a rapidly growing segment, covering 9 million acres and positioned as a future growth engine. Could you provide more details on its current revenue contribution and profitability, and what level of investment is required to scale this business meaningfully within your overall operations?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Canpotex | Significant potash distribution channel | Potash | 2023 Revenue: $1.3B (~9.5% of total net sales of $13.6961B)<br>Accounts Receivable as of 12/31/2023: $193.1M (~15.2% of total AR of $1,269.2M) |
Recent developments and announcements about MOS.
Corporate Leadership
Board Change
Key Update: On January 13, 2025, The Mosaic Company (MOS) elected Sonya C. Little and Kathleen M. Shanahan to its Board of Directors. Ms. Little will serve on the Audit Committee, and Ms. Shanahan will serve on the Compensation and Human Resources Committee.
CFO Change
On November 8, 2024, Mr. Clint C. Freeland, the Executive Vice President and Chief Financial Officer (CFO) of The Mosaic Company, announced his intention to retire in 2025. He will resign as CFO effective December 31, 2024, and will continue as a Senior Advisor until his retirement on July 1, 2025. Mr. Luciano Siani Pires has been appointed as the new CFO, effective January 1, 2025 .