公司地位 - 全球最大的成品磷酸盐和钾肥生产商之一，专注于美洲市场，磷酸盐产能1600万吨排第二，钾肥产能1100万吨排第四，是优质肥料生产商第一[4] 市场现状 - 当前全球磷酸盐价格处于或接近底部，成本曲线中排名前半部分的生产商面临巨大压力[6] 财务数据 - 2019年年初至6月30日，总调整后EBITDA为8.79亿美元，运营收益为2.77亿美元；磷酸盐业务运营亏损4000万美元，钾肥和Mosaic Fertilizantes的表现缓解了磷酸盐市场疲软的影响[7] 2019年行动 - 钾肥方面，加速Esterhazy K3矿开发，暂时闲置Colonsay矿；磷酸盐方面，削减北美产量约30万吨；Mosaic Fertilizantes提前且低于预算完成尾矿坝修复[8] 2019年剩余时间计划 - 启动2.5亿美元的股票回购计划；削减约50万吨磷酸盐产量以加速供需再平衡；实现或超越Mosaic Fertilizantes的协同目标，启动业务转型下一阶段，到2022年实现每年额外2亿美元的收益[9] 2019 - 2020年非市场增长 - 预计调整后EBITDA增长超2亿美元，原因包括巴西磷酸盐矿恢复全面运营（挽回约8000万美元损失）、关闭Plant City消除约2000万美元闲置成本、Esterhazy K3增产60万吨预计增加EBITDA约7000 - 8000万美元、Mosaic Fertilizantes到2020年实现约5000万美元的转型增值[10] 2019 - 2021年目标 - 分析师日目标预测调整后EBITDA增长6亿美元，其中4亿美元由公司可控行动驱动[12] 2021年运营目标 - 磷酸盐业务在现金成本、MicroEssentials销售等方面有明确目标；钾肥业务在生产成本、卤水管理成本等方面有目标；Mosaic Fertilizantes在岩石成本、转化成本等方面有目标[21] 调整后EBITDA增长构成 - 2019 - 2021年，价格变化影响约2亿美元，销量变化影响约1亿美元，可控成本改善影响约3亿美元；各业务板块在价格、销量和成本方面有不同变化和影响[24] 非GAAP财务指标 - 报告包含非GAAP财务指标讨论，这些指标不应替代GAAP指标，且可能存在不同解读和计算方式，公司未提供美国GAAP调整后EBITDA的前瞻性指引[3]

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 June 30, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissi ...

The Mosaic Company (NYSE:MOS) Q2 2019 Earnings Conference Call August 6, 2019 9:00 AM ET Company Participants Laura Gagnon - Vice President of Investor Relations James O'Rourke - President and Chief Executive Officer Clint Freeland - Senior Vice President and Chief Financial Officer Andy Jung - Director, Market and Strategic Analysis Karen Swager - Senior Vice President of Potash Corrine Ricard - Senior Vice President of Commercial and Supply Chain Richard McLellan - Senior Vice President of Brazil Conferen ...

Table of Contents _______________________________________________________________________ _______________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-K ______________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2018 ¨ 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 | --- | --- | |----------------------------------------- ...