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Mosaic(MOS) - 2022 Q4 - Annual Report
2023-02-22 16:00
Phosphate Production and Operations - The Phosphates segment produced approximately 6.3 million tonnes of concentrated phosphate crop nutrients in 2022, accounting for about 69% of estimated North American annual production[27]. - The company’s U.S. phosphate operations have a capacity to produce approximately 4.5 million tonnes of phosphoric acid per year, representing about 7% of global annual capacity and 60% of North American annual capacity[24]. - In 2022, the company’s phosphate rock mines in Florida produced approximately 10.5 million tonnes, which accounted for approximately 47% of estimated North American annual production[28]. - The Miski Mayo Mine in Peru has an annual capacity of 4.0 million tonnes, and the company holds a 75% economic interest in this mine[22]. - The company’s Florida phosphate operations are supplied with ammonia under multi-year contracts, with a capacity of approximately 530,000 tonnes produced at the Faustina facility[37]. - The company has a 25% interest in the Ma'aden Wa'ad Al Shamal Phosphate Company, which produced 2.6 million tonnes of phosphate in 2022, with an expected ramp-up to 3.0 million tonnes in annual production capacity[31]. - The company’s phosphate crop nutrient products are marketed worldwide, with principal products including Diammonium Phosphate (DAP) and Monoammonium Phosphate (MAP)[24]. Potash Production and Operations - The North American potash annualized operational capacity totals 11.2 million tonnes, accounting for approximately 14% of world annual capacity and 34% of North American annual capacity[48]. - In 2022, potash production totaled 9.0 million tonnes, representing approximately 14% of estimated world annual production and 35% of estimated North American annual production[49]. - The Brazilian phosphates operations have a capacity to produce approximately 1.1 million tonnes of P2O5 per year, which is about 70% of Brazilian annual capacity[55]. - The Belle Plaine solution mine typically accounts for approximately 80% of the Potash segment's total natural gas requirements for potash production[51]. - Combined natural gas usage for both solution and shaft mines totaled 17.7 million MM BTU during 2022[51]. Sales and Market Performance - Mosaic Fertilizantes sold approximately 9.4 million tonnes of crop nutrient products in 2022, accounting for approximately 22% of fertilizer shipments in Brazil[53]. - In 2022, Mosaic Fertilizantes produced approximately 2.8 million tonnes of concentrated phosphate crop nutrients, accounting for approximately 49% of estimated Brazilian annual production[57]. - Phosphate rock production in Brazil totaled approximately 4.0 million tonnes in 2022, accounting for approximately 79% of estimated Brazilian annual production[58]. - The company consumed approximately 1.5 million tonnes of phosphate-based products and 2.3 million tonnes of potash products in 2022[55]. - The company sold approximately 230,000 tonnes of blends and distributed another 825,000 tonnes of phosphate and potash crop nutrients in China in 2022[70]. - The company has a 36.2% entitlement percentage of Canpotex for potash sales outside of North America in 2022[77]. Financial and Tax Contributions - In 2022, the company paid approximately $18.0 million in royalties and resource taxes for phosphate and potash production in Brazil[60]. - The company paid approximately $11.4 million in royalties related to the leasing of potash assets and mining rights for Taquari in 2022[67]. Employee and Labor Relations - The company had 13,570 employees as of December 31, 2022, with approximately 9,868 salaried and 3,702 hourly employees[95]. - The company operates under ten collective bargaining agreements in the U.S. and Canada, with about 5% of employees covered by agreements expiring in 2023[96]. - The company has agreements with 35 unions in Brazil, with potential risks of labor stoppages if agreements are not renewed[97]. Community and Environmental Initiatives - The company invests an average of $15 million annually in community initiatives focused on food, water, and local community[105]. - The company has a 2030 diversity and inclusion target for community investment, focusing on underserved populations[106]. - The company aims for zero harm to people and zero environmental incidents through its safety management system[100]. - The company has established a structured approach to manage and control risks for employee safety and well-being[100]. - The company evaluates pay equity annually and intends to address identified disparities during the 2023 compensation cycle[109]. - The company has a global worker wellness program that includes health screenings and mental health resources[101]. - The company is committed to creating a diverse and inclusive workplace, with initiatives to enhance workforce engagement and accountability[107]. Leadership and Management - James "Joc" C. O'Rourke has been the President and CEO since August 2015, previously serving as Executive Vice President - Operations[116]. - Benjamin J. Pratt was appointed Senior Vice President - Government and Public Affairs in April 2020, focusing on corporate communications and U.S. Federal Government relations[117]. - Walter F. Precourt III became Senior Vice President - Strategy and Growth on January 1, 2019, previously overseeing Phosphates and Potash Operations[118]. - Corrine D. Ricard was appointed Senior Vice President - Mosaic Fertilizantes on November 15, 2019, after holding various leadership roles within the company[119]. - Karen A. Swager was named Senior Vice President - Supply Chain effective April 1, 2020, overseeing Procurement and corporate EHS teams[120]. - Yijun ("Jenny") Wang became Senior Vice President - Global Strategic Marketing, Head of China and India on January 1, 2022, previously serving as Vice President - Global Strategic Marketing[121]. Risk Management and Market Analysis - The company has included a discussion about market risks in the Management's Analysis section of the report, indicating a focus on financial condition and results of operations[459].
Mosaic(MOS) - 2022 Q3 - Earnings Call Transcript
2022-11-08 19:49
The Mosaic Company (NYSE:MOS) Q3 2022 Results Conference Call November 8, 2022 11:00 AM ET Company Participants Paul Massoud - VP, IR and Financial Planning and Analysis Joc O’Rourke - President and CEO Clint Freeland - SVP and CFO Jenny Wang - SVP, Global Strategic Marketing Conference Call Participants Steve Byrne - Bank of America Adam Samuelson - Goldman Sachs Josh Spector - UBS Edlain Rodriguez - Credit Suisse Christopher Parkinson - Mizuho Jeff Zekauskas - JP Morgan P.J. Juvekar - Citi Joel Jackson - ...
Mosaic(MOS) - 2022 Q2 - Earnings Call Transcript
2022-08-02 17:30
The Mosaic Company (NYSE:MOS) Q2 2022 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Paul Massoud - Vice President, Investor Relations & Financial Planning & Analysis Joc O'Rourke - President & Chief Executive Officer Clint Freeland - Senior Vice President & Chief Financial Officer Conference Call Participants Steve Byrne - Bank of America Joel Jackson - BMO Vincent Andrews - Morgan Stanley Lucas Beaumont - UBS John Roberts - Credit Suisse Adam Samuelson - Goldman Sachs Michael Pi ...
Mosaic(MOS) - 2022 Q1 - Earnings Call Transcript
2022-05-03 18:42
The Mosaic Company (NYSE:MOS) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Paul Massoud – Vice President-Investor Relations Joc O'Rourke – President and Chief Executive Officer Jenny Wang – Senior Vice President-Global Strategic Marketing and Head-China and India Clint Freeland – Senior Vice President and Chief Financial Officer Conference Call Participants Steve Byrne – Bank of America Chris Parkinson – Mizuho Securities Jeff Zekauskas – JPMorgan Vincent Andrews – Morgan St ...
Mosaic(MOS) - 2021 Q4 - Earnings Call Transcript
2022-02-23 20:51
The Mosaic Company (NYSE:MOS) Q4 2021 Earnings Conference Call February 23, 2022 11:00 AM ET Company Participants Paul Massoud - Vice President, Investor Relations Joc O’Rourke - President and Chief Executive Officer Clint Freeland - Senior Vice President and Chief Financial Officer Jenny Wang - Senior Vice President of Global Strategic Marketing Conference Call Participants John Roberts - UBS Joel Jackson - BMO Capital Markets Chris Parkinson - Mizuho Adam Samuelson - Goldman Sachs Steve Byrne - Bank of Am ...
Mosaic(MOS) - 2021 Q4 - Annual Report
2022-02-22 16:00
Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-K ______________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-32327 ______________________________ The Mosaic Company (Exact ...