Poised to
Win & Grow

With bold moves and excellent operating execution, we strengthened our financial foundation and resiliency—expanding our tremendous potential to deliver value as markets continue to improve.

Built to Succeed
& Outperform

We faced the agriculture industry’s economic and market challenges head-on. Recognizing the opportunities they created, we made major progress in 2016. Our bold moves position us to succeed in tough times and outperform the competition in better markets.

Net Sales and

Operating Earnings

Dollars in Billions

  • Operating Earnings

Capital

Expenditures

Dollars in Billions

  • growth expenditures
  • sustaining expenditures

SG&A

Expenses

dollars in millions

Net Cash Provided by

Operating Activities

dollars in billions

Guided by strategy and discipline, Mosaic is now among the lowest-cost operators in our industry.  In 2016, we exceeded our milestones and are on track to meet our goal to eliminate $500 million in expenses by the end of 2018. More importantly, we did it safely—achieving our fourth consecutive year of record safety performance.

Phosphate Cash

Conversion Costs*

dollars per tonne

*Phosphate cash conversion costs are reflective of actual costs, excluding realized mark-to-market gains and losses. These costs are captured in inventory and are not necessarily reflective of costs included in costs of goods sold for the period.

Muriate of Potash

(MOP) Cash Costs*

dollars per tonne

*MOP cash costs including brine management costs and royalties, excluding taxes and realized derivative gains/(losses). These costs are captured in inventory and are not necessarily reflective of costs included in costs of goods sold for the product.

Though 2016 was a year of challenging business and operating conditions, we remain steadfast in our commitment to improving our environmental performance.

Freshwater Intensity

m3/Tonne

 20122013201420152016
Mosaic5.435.074.594.864.76

NOTE: “Intensity” refers to the volume of water (m3) used in making a single metric tonne of product. Production includes all crop nutrients and animal feed ingredients produced in the calendar year. “Freshwater” is defined as groundwater and surface water withdrawals and excludes reclaimed water, brine, seawater and once-through cooling and process water withdrawn from the Mississippi River in Louisiana.

Total Energy Per Tonne Finished Product

GJ/FINISHED PRODUCT TONNES

 20122013201420152016
Mosaic2.732.632.592.602.68

NOTE: Total energy includes electricity, fuels and energy from waste heat consumed by Mosaic operations including mines, manufacturing plants, distribution facilities, offices, agricultural operations and our Streamsong Resort. In alignment with our sustainability targets and progress tracking, steam is excluded as a source of energy.

Direct and Indirect GHG Emissions Intensity

MTN CO2e/PER TONNE OF FINISHED PRODUCT

 20122013201420152016
Mosaic0.280.270.260.260.26

NOTE: Direct emissions include Mosaic’s consumption of natural gas, diesel, other fuels, process-related activities, water treatment and refrigerants. Indirect emissions include electricity purchased from third-party utilities.

Energy produced through Cogeneration in the Phosphates segment

Million GJ

 20122013201420152016
Mosaic5.95.25.86.26.5

NOTE: Figures represent virtually greenhouse gas emissions-free electricity produced internally by our Phosphates business segment. This process of waste heat recovery, called cogeneration, allows several of our plants and mines to significantly reduce the amount of third-party electricity required from utilities.

Steadfast
Commitment

We think about sustainability broadly, in the true meaning of the word—the ability to sustain our business. Our 2016 highlights illustrate our integrated approach to sustainably operating our business and our commitment to our communities.

ENVIRONMENTAL HIGHLIGHTS

 201420152016
Total
Water Withdrawals¹ (000m3)
309,370.00300,683.00308,758.00
Energy Consumption² Indirect and Direct Energy (Million GJ)
105.91105.76109.42
Greenhouse Gas (GHG) Emissions (Million Tonnes CO2e)
4.734.784.56
Intensity
Freshwater (000m3 per Tonne of Finished Dry Product¹)
4.594.864.76
Energy (GJ/tonne Dry Product²)
2.592.602.68
GHG (Scopes 1 and 2) (Tonnes CO2e/Tonnes Finished Dry Product)
0.260.260.26

1Total water withdrawal metric includes once-through cooling water. Freshwater intensity metric is aligned with our sustainability targets. The intent of our freshwater intensity target is to drive water efficiency improvements across our business and to increase the use of alternative sources. “Freshwater” is defined as ground and surface water, and excludes reclaimed water, brine, seawater and once-through cooling water.

2Energy consumption includes electricity, fuels and energy from waste heat consumed by Mosaic operation including mines, manufacturing plants, distribution sites, offices and agricultural operations. 2012 and 2013 figures include energy consumed in sinking the K3 mine shaft in Esterhazy and the operation of our Streamsong Resort. Prior years were restated with the exclusion of steam as an energy source.

SOCIAL HIGHLIGHTS

 2014
20152016
Direct Economic Impact³$1.75B$1.93B$1.51B
Community Investments⁴$17M$16M$17M
Number of Employees⁵8,7178,5238,341
Recordable Injury Frequency Rate1.020.880.66
Lost Time Incident Frequency Rate0.080.090.10
Fatalities100

3Direct economic impact is wages and benefits + income taxes paid + other non-income taxes paid + Canadian resource taxes and royalties + community investment contributions.

4Mosaic focuses its community investments in food, water, and local philanthropic or civic partnerships in areas where Mosaic has offices and operations. Figures reflect investments made in communities where targeted beneficiaries are external to the company. This may include contributions to research institutes unrelated to Mosaic’s research and development activities, funds to support community infrastructure and other philanthropic efforts.

5This figure, which differs from the number of employees reported in our 10-K, excludes long-term leaves, co-ops, seasonal and temporary employees.