Mosaics Strategic Acquisition of CF Industries Phosphate Business
Strategic and Financial Benefits
Aligns perfectly with Phosphate growth strategy.
Riverview
Manatee
Hillsborough
Four Corners
5
Wingate
Active Mines
Mosaic Land Holdings
CF Industries Land Holdings
XBeneficiation Plants
Processing Plants
31
Plant City
0
3
Polk
F
New Wales
DeSoto
South Pasture
12
Ona
Bartow
Hookers Prairie
Miles
18
South Ft. Meade
DeSoto
Hardee
1. Proximity to current Florida operations allows
significant mining, operational and logistics
synergies.
2. Provides additional finished product to feed
expected growth through our distribution
system.
3. Expected synergies drive EPS accretion of
-$0.30 in 2015, excluding any debt financing.
costs and assuming 427 million shares.
4. Projected 2015 EBITDA, including synergies,
-$230 million*.
5. Forecast returns exceed risk adjusted hurdle
rate.
6. Significantly lowers planned capital spending.
* EBITDA is gross margin plus selling, general and administrative expenses but excluding deductions for
depreciation, depletion and amortization.
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