Production and Capacity - In 2024, the company produced approximately 2.9 million tonnes of phosphoric acid, accounting for about 6% of estimated global annual production and 53% of estimated North American annual output[29]. - The company has a production capacity of approximately 4.5 million tonnes of phosphoric acid per year, representing about 7% of world annual capacity and 60% of North American annual capacity[29]. - The company produced approximately 6.3 million tonnes of concentrated phosphate crop nutrients in 2024, accounting for approximately 66% of estimated North American annual production[31]. - The company’s Florida phosphate rock mines produced approximately 8.9 million tonnes in 2024, representing about 47% of estimated North American annual production[32]. - The company’s U.S. Phosphates operations have a combined annual capacity of 17.2 million tonnes across four mines in North America[32]. - The potash segment has an annualized operational capacity of 11.5 million tonnes, accounting for approximately 14% of world annual capacity and 41% of North American annual operational capacity[48]. - In 2024, potash production totaled 8.8 million tonnes, representing about 12% of estimated world annual production and 35% of estimated North American annual production[48]. - The Brazilian phosphate operations have a production capacity of approximately 1.1 million tonnes of P2O5 per year, with 2024 production totaling approximately 1.0 million tonnes, representing about 89% of Brazilian annual output[57]. - In 2024, Mosaic Fertilizantes produced approximately 2.6 million tonnes of concentrated phosphate crop nutrients, accounting for approximately 48% of estimated Brazilian annual production[61]. Financial Performance and Investments - The company repurchased 7,944,507 shares of Common Stock for approximately $235.4 million at an average purchase price of $29.63[22]. - The company entered into an agreement with Saudi Arabian Mining Company to exchange its 25% ownership of the Ma'aden Wa'ad al Shamal Phosphate Company for 111,012,433 shares of Ma'aden, valued at approximately $1.5 billion, resulting in a pre-tax gain of approximately $0.5 billion[22]. - The company paid approximately $22.1 million in royalties and resource taxes to the Brazilian government for phosphate and potash production in 2024[64]. - In 2024, the company paid royalties of approximately $6.8 million related to the leasing of potash assets and mining rights for Taquari[71]. - The company invested $16.7 million in community initiatives in 2023, with preliminary data indicating over $12 million in investments for 2024[107]. Raw Material Consumption - The company consumed approximately 1.0 million tonnes of ammonia during 2024, with production of one tonne of DAP requiring approximately 0.23 tonnes of ammonia[37]. - The company purchased approximately 3.0 million long tons of sulfur during 2024, which is a key raw material for producing phosphate crop nutrients[35]. - Natural gas usage for potash production totaled 17.2 million MM BTU in 2024, with the Belle Plaine solution mine accounting for approximately 80% of total natural gas requirements[53]. Land and Resource Management - The company has land holdings totaling over 368,000 acres in Florida, providing access to phosphate rock reserves and optimizing the value of its land assets[43]. - The company owns over 34,000 hectares of land across multiple Brazilian states, which supports its phosphate and potash production and fertilizer distribution[72]. - The company has a 62% ownership interest in Fospar, which produces approximately 0.5 million tonnes of SSP per year and operates a deep-water port in Paranagua, Brazil[55]. - The company owns approximately 1% of the Tiplam terminal in Santos, São Paulo, ensuring unloading priority for ammonia and capacity for rock, sulfur, and crop nutrients[68]. Employee and Community Engagement - As of December 31, 2024, the company had a total of 13,765 employees, including 10,454 salaried and 3,311 hourly employees[101]. - Approximately 15% of hourly employees in the U.S. and Canada are covered under collective bargaining agreements that expire in 2025[105]. - The company aims for zero harm to people and zero environmental incidents, implementing a structured approach to manage safety risks[105]. - The company has set global 2030 representation goals to foster a more inclusive workplace and is actively working on initiatives to achieve these goals[107]. - The company has a commitment to employee development, offering training events and educational reimbursement programs to support skill acquisition[107]. - The company has a total of eight collective bargaining agreements with unions covering certain hourly employees in the U.S. and Canada[105]. - The company is focused on creating a diverse and inclusive workplace, with ongoing education as a cornerstone of its strategy[107]. Market and Sales Performance - Mosaic Fertilizantes sold approximately 9.0 million tonnes of crop nutrient products in 2024, accounting for approximately 18% of fertilizer shipments in Brazil[56]. - In 2024, the India and China operations purchased 25,233 tonnes of phosphate-based products and 1,077,567 tonnes of potash products, enhancing market access[73]. - The company sold approximately 325,000 tonnes of blends and distributed another 850,000 tonnes of phosphate and potash crop nutrients in China in 2024[74]. - The company’s entitlement percentage of Canpotex decreased from 36.2% to 34.5% in 2024 due to lower shipments caused by electrical equipment issues[81]. Innovation and Technology - The Mosaic Biosciences platform reached 9 million acres of coverage in key markets in 2024, doubling from the previous year[87]. - The company continued to enhance its internal analytical capabilities for assessing pay equity, revealing 0.4% outliers without adequate justifications[108]. Competitive Position - The company is the world's second largest producer of concentrated phosphate and the largest miner of phosphate rock in the U.S., providing a significant cost advantage[90]. - The company produces ammonia at its Faustina, Louisiana plant, meeting approximately one third of its total ammonia needs in North America[91]. - The company’s potash cost structure is competitive and expected to improve as it completes its potash expansion projects[95].

Exhibit 99.2 The Mosaic Company Selected Calendar Quarter Financial Information (Unaudited) | | Q1 2023 | | | Q2 2023 | | Q3 2023 | | Q4 2023 | | Q1 2024 | | Q2 2024 | | Q3 2024 | | Q4 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Consolidated data (in millions, except per share) | | | | | | | | | | | | | | | | | | Diluted net earnings (loss) per share (a) Notable items impact on earnings per share | $ | 1.28 0.14 | $ | 1.11 0.07 | $ | (0.01 ...

The Mosaic Company (NYSE:MOS) Q3 2024 Results Conference Call November 12, 2024 11:00 AM ET Company Participants Jason Tremblay - VP, Finance, Strategy & Digital Transformation Bruce Bodine - President and Chief Executive Officer Clint Freeland - Executive Vice President and Chief Financial Officer Jenny Wang - Executive Vice President, Commercial Conference Call Participants Richard Garchitorena - Wells Fargo Steve Byrne - Bank of America Joel Jackson - BMO Capital Chris Parkinson - Wolfe Research Ben Theu ...

The Mosaic Company November 12, 2024 Third Quarter 2024 Results Forward Looking Statements & Non-GAAP Financial Measures 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 transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of T ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...

Exhibit 99.2 The Mosaic Company Selected Calendar Quarter Financial Information (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------|-------|--------------|-------|----------------|------------|-------|------------|-------------|-------|--------------|-------|--------------|-------|--------------|-------|------------| | Consolidate ...

The Mosaic Company (NYSE:MOS) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Jason Tremblay - VP, Finance, Strategy & Digital Transformation Bruce Bodine - President and CEO Jenny Wang - EVP, Commercial Conference Call Participants Ben Isaacson - Scotiabank Vincent Andrews - Morgan Stanley Joel Jackson - BMO Capital Markets Steve Byrne - Bank of America Adam Samuelson - Goldman Sachs Chris Parkinson - Wolfe Research Ben Theurer - Barclays Edlain Rodriguez - Mizuho Lucas Bea ...

Financial Performance - For the three months ended June 30, 2024, Mosaic reported a net loss of $(161.5) million, or $(0.50) per diluted share, compared to net income of $369.0 million, or $1.11 per diluted share for the same period in 2023[110]. - For the six months ended June 30, 2024, Mosaic reported a net loss of $(116.3) million, or $(0.36) per diluted share, compared to net earnings of $800.0 million, or $2.39 per diluted share for the same period in 2023[113]. - Net sales for the three months ended June 30, 2024 decreased by 17% to $2,816.6 million, driven primarily by lower average selling prices[109]. - For the six months ended June 30, 2024, net sales were $2.3 billion, a decrease from $2.7 billion in the same period of 2023, primarily due to lower sales volumes[120]. Segment Performance - The Phosphate segment's operating results for the three months ended June 30, 2024 were negatively impacted by lower sales volumes due to planned maintenance and turnaround activity[110]. - The Potash segment experienced lower average selling prices due to a rebound in global supply, although sales volumes increased due to strong demand in North America[112]. - The Phosphate segment's net sales decreased to $1.2 billion for the three months ended June 30, 2024, down from $1.3 billion in the same period of 2023, primarily due to lower finished goods sales volumes[117]. - The Potash segment's net sales decreased to $663.1 million for the three months ended June 30, 2024, down from $848.7 million in the same period a year ago, primarily due to lower selling prices impacting net sales by approximately $250 million[125]. - The Mosaic Fertilizantes segment's net sales decreased to $1.0 billion for the three months ended June 30, 2024, from $1.4 billion in the same period a year ago, primarily due to lower finished product sales prices[130]. Gross Margin and Earnings - The gross margin for the three months ended June 30, 2024 was $394.0 million, representing a gross margin percentage of 14%, down from 17% in the prior year[109]. - Operating earnings for the three months ended June 30, 2024 were $233.3 million, a decrease of 37% compared to $369.2 million in the prior year[109]. - Gross margin for the Phosphate segment decreased to $153.7 million for the three months ended June 30, 2024, from $216.2 million in the same period of 2023[119]. - Gross margin for the Potash segment decreased to $186.4 million for the three months ended June 30, 2024, from $336.0 million in the same period of the prior year, a decline of 45%[125]. - Gross margin for the Mosaic Fertilizantes segment increased to $101.8 million for the three months ended June 30, 2024, from $12.8 million in the same period of the prior year, reflecting improved cost management[130]. Shareholder Returns - During the quarter ended June 30, 2024, Mosaic repurchased 1,835,788 shares of Common Stock for approximately $52.0 million at an average price of $28.33[112]. - The company returned cash to shareholders through share repurchases of $160.4 million and cash dividends of $137.4 million during the six months ended June 30, 2024[148]. Cash Flow and Debt - Net cash provided by operating activities was $767.0 million for the six months ended June 30, 2024, a decrease of 37% from $1.2 billion in the prior year[152]. - Net cash used in investing activities was $736.8 million for the six months ended June 30, 2024, compared to $532.9 million in the prior year, with capital expenditures of $716.9 million[153]. - As of June 30, 2024, the company had cash and cash equivalents of $322.0 million, short-term debt of $0.9 billion, long-term debt of approximately $3.3 billion, and stockholders' equity of approximately $11.8 billion[148]. Foreign Currency and Commodity Risks - The foreign currency transaction loss for the three months ended June 30, 2024 was $(267.9) million, compared to a gain of $148.5 million in the prior year period[110]. - The company is exposed to fluctuations in the purchase price of natural gas, ammonia, and sulfur, which can impact operations[166]. - The company uses derivatives to mitigate foreign currency risks, interest rate risks, and commodity price changes[166]. Regulatory and Legal Matters - The company anticipates potential delays in Florida permitting projects due to recent legal developments regarding CWA 404 permitting[157]. - Regulatory approvals are necessary to complete the transaction, and any denial or delay could impair business operations[187]. - A recent federal court decision invalidated Florida's Clean Water Act 404 permitting program, complicating the receipt of necessary approvals[188].

LABURATU The Mosaic Company Second Quarter 2024 Results August 6, 2024 Forward Looking Statements & Non-GAAP Financial Measures 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 transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectatio ...

Exhibit 99.2 The Mosaic Company Selected Calendar Quarter Financial Information (Unaudited) | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Consolidated data (in millions, except per share) | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Diluted net earnings (loss) ...