The Mosaic Company BMO Global Farm to Market Conference
2023 Capital Allocation.
●
Invest in the
Business
High-returning, modest
investments
Total capital expenditures of
$1.3 $1.4 billion
• Includes $500 million in
growth investments
Sustaining includes
expenditures on operational
improvements, environmental
requirements, lease-to-buy
Our capital allocation strategy remains unchanged.
●
Maintain Strong
Balance Sheet
Current balance sheet
reflects investment grade
metrics
Expect to refinance $900 million
of long-term debt that matures in
the fourth quarter of 2023
Return Capital to
Shareholders
Continue returning virtually
all Free Cash Flow to
shareholders
●
• $0.80 per share regular common
dividend target
• $0.25 per share special dividend
●
distributed in the first quarter
●
Year-to-date share repurchases
of $456 million
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