AgroSciencesMay 4, 2015

Supply Chain Insights LLC Copyright © 2014, p. 2

Corporate Summary

Company Stock Exchange Ticker Symbol

2014 Revenue (billions USD)

2014 Global Employees (thousands)

Location

 

Monsanto Company Inc. NYSE: MON 15.58 27 USA 

(Missouri)

 

Syngenta AG NYSE: SYT 15.13 29 Switzerland

Supply Chain Insights LLC Copyright © 2014, p. 3

Metric Equations

Metric Equations

Cash-to-Cash Cycles = (Avg. Inventory/COGS + Avg. Accounts Receivable/Sales - Avg. Accounts Payable/Purchases)*91.5

Days of Inventory = (Average Inventory/COGS)*91.5

Days of Payables = (Average Accounts Payables/Purchases)*91.5

Days of Receivables = (Average Accounts Receivable/Sales)*91.5

Inventory Turns = (Cost of Sales/Average Inventory)

Operating Margin = (Operating Income/Revenue)

Return on Invested Capital = (Net Income/Invested Capital)

Return on Net Assets = (Trailing 12 Month Net Income/Total Assets from the most recent quarter)

Revenue Growth = (Quarterly Revenuei/Quarterly Revenuei-4 -1)

Revenue per Employees = (Revenue/Average Annual Employee)

Supply Chain Insights LLC Copyright © 2014, p. 4

Inventory Turns vs. Revenue per Employee(2005 - 2014)

Source: Supply Chain Insights LLC, Corporate Annual Reports 2005-2014

350 400 450 500 550 600 650 700 7501.0

1.5

2.0

2.5

Monsanto SyngentaRevenue per Employee (K$)

Inv

en

tory

Tu

rns

2014

SYT467, 1.61

20142005 2005

Best Scenario

MON523, 2.13

Average (Operating Margin, Inventory Turns)

Supply Chain Insights LLC Copyright © 2014, p. 5

Revenue Growth vs. Return on Invested Capital(2005 - 2014)

Source: Supply Chain Insights LLC, Corporate Annual Reports 2005-2014

3% 8% 13% 18%

-15.0%

-5.0%

5.0%

15.0%

25.0%

35.0%

Monsanto SyngentRevenue on Invested Capital

Re

ve

nu

e G

row

th

2014SYT9%, 8%

2014

2005

2005

Best Scenario

MON10%, 12%

Average (Operating Margin, Inventory Turns)

Supply Chain Insights LLC Copyright © 2014, p. 6

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 50

100

150

200

250

300

Monsanto SyngentaYear

Ca

sh

-to

-Ca

sh

Cy

cle

(d

ay

s)

Cash-to-Cash Cycle (2005-2014)SUMMARY SLIDE

Source: Supply Chain Insights LLC, Corporate Annual Reports 2000-2011