potash factsheet august2012 v3

2
Potash Fact Sheet August 2012 Growing Value Through Brownfield Expansions Mosaic is one of the largest potash producers in the world. We operate three mines in Saskatchewan and two in the United States. We have a strong presence both in North America and internationally. Product from our Canadian mines is exported through Canpotex, an export association of Canadian potash producers. We plan to grow the value of our potash business through brownfield expansions. Our ongoing expansions are expected to increase annual capacity by almost five million tonnes from inception of our expansions through the end of the decade, ensuring that we will maintain our position as one of the premier potash companies in the world. Our expansion program consists of nearly a dozen discrete, multi-year projects at our three Canadian mine sites, and we can adjust the pace of these projects in response to supply and demand dynamics. In addition, we produce up to 1.3 million tonnes annually for a third party under a tolling agreement. When this agreement expires at the beginning of calendar 2013, we will have full access to this at no additional capital cost. MOSAIC POTASH ADVANTAGES Century's worth of ore in Saskatchewan Brownfield expansions underway at a competitive capital cost Tolling agreement capacity of up to 1.3 million tonnes of peaking capacity will revert at no capital cost Mature distribution channel through Canpotex and Mosaic international locations Why Crops Need Potash Potassium is the regulator of crop nutrients and provides the following benefits to growing plants: • Formation of larger and deeper root system • Reduction of water loss and wilting • Regulation of nitrogen uptake • Increased protein content • Reduction of lodging from weak stalks Workers at Mosaic's Esterhazy mine stand in front of a freshly cut ore vein. ESTIMATED COMPLETION (FISCAL YEAR) (b) ESTIMATED IN-SERVICE (FISCAL YEAR) (c) ESTIMATED ADDITIONAL ANNUAL OPERATIONAL CAPACITY (d) COMPLETE Colonsay (a) 2011-2012 0.2 Esterhazy K1 (a) 2012 0.1 K2 2013 0.7 IN PROGRESS Belle Plaine 2013 2015-2016 0.6 Colonsay 2013 2014-2015 0.5 Esterhazy K3 2017 2017-2018 0.9 FUTURE (e) Belle Plaine 1.5 Colonsay 0.5 5.0 Existing Tolling In Progress Future FISCAL YEAR 2018 2021 2015 2012 00 0 3 6 9 12 15 18 PROJECTED CAPACITY MILLION TONNES POTASH EXPANSION PROJECTS POTASH CAPACITY EXPANSION (a) (b) (c) (d) (e) During 2011, 0.1 million tonnes was placed in service and included in operational capacity Estimated completion years indicate when capital will be substantially invested Estimated in-service years indicate when capacity is expected to begin to be added; does not necessarily reflect full operating capacity. Estimates based on project engineers but will be impacted by factors which include quality of reserves and nature of geological formations we are mining at a particular time. Ore grade assumptions are based on historical studies, modified for most recent historical grades. Not yet approved by our Board of Directors.

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Page 1: Potash FactSheet August2012 v3

Potash Fact Sheet August 2012

Growing Value Through Brownfield ExpansionsMosaic is one of the largest potash producers in the world. We operate three mines in Saskatchewan and two in the United States. We have a strong presence both in North America and internationally. Product from our Canadian mines is exported through Canpotex, an export association of Canadian potash producers.

We plan to grow the value of our potash business through brownfield expansions.Our ongoing expansions are expected to increase annual capacity by almost five million tonnes from inception of our expansions through the end of the decade, ensuring that we will maintain our position as one of the premier potash companies in the world. Our expansion program consists of nearly a dozen discrete, multi-year projects at our three Canadian mine sites, and we can adjust the pace of these projects in response to supply and demand dynamics.

In addition, we produce up to 1.3 million tonnes annually for a third party under a tolling agreement. When this agreement expires at the beginning of calendar 2013, we will have full access to this at no additional capital cost.

MOSAIC POTASH ADVANTAGES

Century's worth of ore in Saskatchewan

Brownfield expansions underway at a competitive capital cost

Tolling agreement capacity of up to 1.3 million tonnes of peaking capacity will revert at no capital cost

Mature distribution channel through Canpotex and Mosaic international locations

Why Crops Need Potash Potassium is the regulator of crop nutrients and provides the following benefits to growing plants:

• Formation of larger and deeper root system

• Reduction of water loss and wilting• Regulation of nitrogen uptake• Increased protein content• Reduction of lodging from weak stalks

Workers at Mosaic's Esterhazy mine stand in front of a freshly cut ore vein.

ESTIMATED COMPLETION

(FISCAL YEAR)(b)

ESTIMATED IN-SERVICE

(FISCAL YEAR)(c)

ESTIMATED ADDITIONAL ANNUAL OPERATIONAL

CAPACITY(d)

COMPLETE

Colonsay(a) 2011-2012 0.2Esterhazy

K1(a) 2012 0.1K2 2013 0.7

IN PROGRESS

Belle Plaine 2013 2015-2016 0.6Colonsay 2013 2014-2015 0.5Esterhazy

K3 2017 2017-2018 0.9FUTURE(e)

Belle Plaine 1.5Colonsay 0.5

5.0Existing Tolling In Progress Future

FISCAL YEAR2018 202120152012

-200

0

3

6

9

12

15

18

PROJECTED CAPACITYMILLION TONNESPOTASH EXPANSION PROJECTS

POTASH CAPACITY EXPANSION

(a) (b) (c) (d)

(e)

During 2011, 0.1 million tonnes was placed in service and included in operational capacity Estimated completion years indicate when capital will be substantially invested Estimated in-service years indicate when capacity is expected to begin to be added; does not necessarily reflect full operating capacity. Estimates based on project engineers but will be impacted by factors which include quality of reserves and nature of geological formations we are mining at a particular time. Ore grade assumptions are based on historical studies, modified for most recent historical grades. Not yet approved by our Board of Directors.

Page 2: Potash FactSheet August2012 v3

The Mosaic Company3033 Campus Drive Suite E490 Plymouth, Minnesota 55441 800.918.8270 (phone) www.mosaicco.com

© 2012 The Mosaic Company

This fact sheet contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company’s management and are subject to significant risks and uncertainties. These risks and uncertainties include but are not limited to the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and economic and credit market conditions; the level of inventories in the distribution channels for crop nutrients; changes in foreign currency and exchange rates; international trade risks; changes in government policy; changes in environmental and other governmental regulation, including greenhouse gas regulation, implementation of the U.S. Environmental Protection Agency’s numeric water quality standards for the discharge of nutrients into Florida lakes and streams or possible efforts to reduce the flow of excess nutrients into the Gulf of Mexico; further developments in judicial or administrative proceedings; difficulties or delays in receiving, increased costs of or challenges to necessary governmental permits or approvals; or increased financial assurance requirements; the effectiveness of the Company’s processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida or the Gulf Coast of the United States, including potential hurricanes or excess rainfall; actual costs of various items differing from management’s current estimates, including, among others, asset retirement, environmental remediation, reclamation or other environmental regulation, or Canadian resources taxes and royalties; accidents and other disruptions involving Mosaic’s operations, including brine inflows at its Esterhazy, Saskatchewan potash mine and other potential mine fires, floods, explosions, seismic events or releases of hazardous or volatile chemicals, as well as other risks and uncertainties reported from time to time in The Mosaic Company’s reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.

600

FY2008 FY2009 FY2010 FY2011 FY20120

100

200

300

400

500

60%

0%

10%

20%

30%

40%

50%

Operating Earnings Gross Margin %

MOSAIC POTASH OPERATING EARNINGS & GROSS MARGIN$ IN MILLIONS SOURCE: MOSAIC

2010 2011 2012200920082007

Production Peaking Capacity

0

3

6

9

12

0%

25%

50%

75%

100%

FISCAL YEAROperating Rate %

MOSAIC POTASH OPERATING RATEMILLION TONNES FINISHED PRODUCT SOURCE: MOSAIC

WORLD POTASH SHIPMENTSMILLION TONNES KCL SOURCE: FERTECON AND MOSAIC

12F 13F11E10090898979695CALENDAR YEARSource: Fertecon and Mosaic

0

10

20

30

40

50

60

China5.2

Brazil4.4

Rest of World8.7

Forecasted 2011/2012 Fertilizer Year

Indonesia1.4

Malaysia1.2

India2.5

United States4.4

WORLD POTASH USE BY COUNTRYMILLION TONNES K2O SOURCE: IFA MAY 2012

0

100

200

300

400

500

Wheat80 bu.

Rice7,000 lbs.

Soybeans70 bu.

Cotton1,500 lbs.

Corn200 bu.

Potatoes500 cwt.

YIELD PER ACRE

K2O UPTAKE BY CROP

Mosaic

ICL

K+S

APC

Agrium

Qinghai Salt Lake

SQM

Belaruskali

Uralkali

PotashCorp

(a)

(a)

0 3 6 9 12 15World capacity approximates 70 million tonnes.Reflects capacity related to Esterhazy tolling agreement between Mosaic and PotashCorp in which 1.3 million tonnes will revert to Mosaic at the beginning of calendar 2013.

(a)

2011 POTASH INDUSTRY CAPACITYMILLION TONNES MOP SOURCE: COMPANY REPORTS,

FERTECON AND MOSAIC POUNDS PER ACRE SOURCE: IPNI AND MOSAIC