The Mosaic Company is the world's leading producer and marketer of concentrated phosphate and potash crop nutrients. They serve customers in approximately 40 countries. Mosaic is the second largest integrated phosphate producer in the world and one of the largest producers and marketers of phosphate-based animal feed ingredients in North America and Brazil. They are the leading fertilizer production and distribution company in Brazil. Mosaic mines phosphate rock in Florida, Brazil and Peru and potash in Saskatchewan, New Mexico and Brazil. They have other production, blending or distribution operations in Brazil, China, India and Paraguay, as well as an equity investment in a joint venture that operates a phosphate rock mine and chemical complexes in the Kingdom of Saudi Arabia. Their operations serve the top four nutrient-consuming countries in the world: China, India, U.S. and Brazil.

• Employees: 14,049 (as of December 31, 2023)
• Geographic Footprint: Approximately 40 countries
• Headquarters: Tampa, Florida
• Founded: 2004
• Number of locations/facilities: Multiple mines, production facilities, and distribution centers across multiple countries
• Revenue: $13.7 billion (FY2023)
• Market Position: World's leading producer of concentrated phosphate and potash crop nutrients
• Key Subsidiaries/Brands: Mosaic Fertilizantes, MicroEssentials, Biofos, Nexfos, Foscálcio, K-Mag

• CEO: Bruce M. Bodine Jr.
• CFO: Clint C. Freeland
• Board Chair: Gregory L. Ebel
• Other Key Executives: Philip E. Bauer (Senior Vice President, General Counsel and Corporate Secretary), Walter F. Precourt III (Senior Vice President and Chief Administrative Officer), Corrine D. Ricard (Senior Vice President - Digital Strategy), Karen A. Swager (Executive Vice President - Operations), Yijun (“Jenny”) Wang (Executive Vice President - Commercial)

Key leaders have extensive experience in the industry and have held various leadership positions within Mosaic. Bruce M. Bodine Jr. was elected CEO effective January 2024 and President effective August 2023. Clint C. Freeland was elected Executive Vice President and Chief Financial Officer in November 2023. Walter F. Precourt III was elected Senior Vice President and Chief Administrative Officer in November 2023.

• Annual Revenue: $13.7 billion (FY2023)
• Net Income: $1.2 billion
• Total Assets: $23.0 billion
• Employees: 14,049 (as of December 31, 2023)
• Key Financial Highlights: The company's operating results were impacted by lower average selling prices. However, sales volumes of finished products were favorable versus the prior year.

Mosaic produces and markets a wide range of crop nutrients and animal feed ingredients.

• Phosphate Crop Nutrients: Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), MicroEssentials, and other phosphate-based products.
• Potash Products: Muriate of Potash (MOP), double sulfate of potash magnesia (K-Mag), and other potash-based products.
• Animal Feed Ingredients: Phosphate-based animal feed ingredients marketed under the brand names Biofos and Nexfos.

Mosaic operates through three reportable business segments.

• Phosphates: Sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally. Accounts for approximately 80% of North American production of concentrated phosphate crop nutrients.
• Potash: Sells potash throughout North America and internationally, principally as fertilizer. Accounts for approximately 35% of North American potash production.
• Mosaic Fertilizantes: Produces and sells phosphate and potash-based crop nutrients, and animal feed ingredients, in Brazil. Accounts for approximately 72% of Brazilian production of concentrated phosphate crop nutrients and 100% of Brazilian potash production.

Mosaic's strategy focuses on being a low-cost integrated producer of phosphate and potash-based crop nutrients. Key strategic initiatives include:

• Maximizing the value and utility of extensive land holdings in Florida
• Securing control of their sulfur supply chain in the Gulf of Mexico.
• Expanding their presence in key agricultural markets, particularly in Brazil.
• Bringing the latest science and innovation to the agricultural market through the Mosaic Biosciences platform.

Mosaic operates in the highly competitive global crop nutrient industry. Key aspects of the industry include:

• Primary Industry: Crop nutrient production and distribution
• Market Trends: Global demand for crop nutrients is influenced by factors such as crop conditions, agricultural production practices, worldwide economic conditions, and governmental policies.
• Key Competitors: Mosaic competes with a broad range of domestic and international producers, including farmer cooperatives, subsidiaries of larger companies, and independent crop nutrient companies.

• Operational Risks: Highly dependent on weather and field conditions, quantities of crop nutrients imported and exported, and governmental policies.
• Market Risks: Subject to volatile pricing and availability of key inputs, including fertilizer, natural gas, ammonia, sulfur and energy.
• Financial Risks: Subject to risks associated with international sales and operations, including currency exchange rate fluctuations, trade protection laws, and governmental policies.
• Regulatory Risks: Subject to numerous environmental, health and safety laws and regulations and may be involved in legal and regulatory proceedings that could be material.