Mosaic Announces Revenue and Sales Volumes for May 2022

TAMPA, FL/ACCESSWIRE/June 22, 2022/ The Mosaic Company (NYSE:MOS) announced its revenue and sales volumes for May 2022 by business unit.

Potash(1)

May 2022

May 2021

Sales volumes in thousands of tonnes (2)

744

891

Turnover in millions

$539

$246

Phosphates (1)

May 2022

May 2021

Sales volumes in thousands of tonnes (2)

462

553

Turnover in millions

$502

$327

Mosaic Fertilizers(1)

May 2022

2021

Sales volumes in thousands of tonnes (2)

782

790

Turnover in millions

$786

$336

(1) Revenues and tonnes presented are sales as recorded during the period and do not reflect current market conditions due to the lag between pricing and revenue recognition.

(2) Tons = tons of finished product

A compressed planting season in North America and continued rail delays are impacting sales volumes. We now expect potash sales volumes of 2.3 to 2.5 million tonnes and phosphate sales volumes of 1.6 to 1.8 million tonnes in the second quarter. On the pricing side, we expect second quarter realized MOP prices on an FOB basis to be $100 to $120 per tonne higher than realized prices in the first quarter. In phosphates, we expect DAP prices realized in the second quarter on an FOB basis to be $130-150 per tonne higher than prices realized in the first quarter.

About Mosaic Company
The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash nutrients. Mosaic is a one-stop supplier of phosphate and potash fertilizers and feed ingredients to the global agricultural industry. More information about the company is available at www.mosaicco.com.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements regarding proposed or pending future transactions or strategic plans and other statements regarding future financial and operating results. . These statements are based on the current beliefs and expectations of The Mosaic Company’s management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: the economic impact and operational impacts of the coronavirus (Covid-19) pandemic, political and economic instability, and changes in government policies in Brazil and other countries. other countries in which we operate; the predictability, volatility and customer expectations of agriculture, fertilizer, raw materials, energy and transportation markets which are subject to competitive and other pressures and economic and credit market conditions ; the level of stocks in the crop nutrient distribution channels; the effect of future product innovations or the development of new technologies on demand for our products; fluctuations in foreign currencies and exchange rates; international trade and other risks associated with Mosaic’s international operations and those of joint ventures in which Mosaic participates, including the performance of the Wa’ad Al Shamal Phosphate Company (also known as MWSPC), the success future of MWSPC’s current plans and any future modifications to those plans; difficulties in realizing the benefits of our long-term natural gas pricing-based ammonia supply agreement with CF Industries, Inc., including the risk that the cost savings originally anticipated under the agreement may not are not fully realized over its term or the price of natural gas, gas or ammonia during the term are at levels at which pricing is disadvantageous to Mosaic; customer defects; the effects of Mosaic’s decisions to exit its business operations or sites; changes in government policy; changes in environmental and governmental regulations, including expansion of the types and extent of water resources regulated by federal law, carbon taxes or other greenhouse gas regulations, implementing numerical water quality standards for the discharge of nutrients into Florida waterways or efforts to reduce the flow of excess nutrients into the Mississippi River Basin, Gulf of Mexico, or elsewhere; subsequent developments in legal or administrative proceedings, or complaints that Mosaic’s operations adversely impact nearby farms, business operations or properties; difficulties or delays in receipt, increased costs or challenges to necessary governmental permits or approvals or increased financial assurance requirements; resolution of global tax audit activity; the effectiveness of Mosaic’s processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida, the Mississippi River Basin, the United States Gulf Coast, Canada, or Brazil, and including potential hurricanes, excessive heat, cold, snow , rainfall or drought; actual costs of various items that differ from management’s current estimates, including, but not limited to, decommissioning of assets, environmental remediation, reclamation or other environmental regulations, taxes and fees on Canadian resources or MWSPC costs; Mosaic’s reduced cash and available cash, and increased leverage, due to its use of cash and/or available debt capacity to fund financial assurance requirements and strategic investments; brine inlets at Mosaic’s potash mines; other accidents and disruptions involving Mosaic’s operations, including potential mine fires, floods, explosions, seismic events, sinkholes, or hazardous or volatile chemical releases; and risks associated with cybersecurity, including loss of reputation; and other risks and uncertainties disclosed from time to time in The Mosaic Company’s reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in forward-looking statements.

THE SOURCE: The Mosaic Company

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