Mosaic Offers Historical Financials Under New Segments, Issues Guidance for Each Segment

The Mosaic Company

today released new historical segment financials. With Mosaic's acquisition of Archer Daniels Midland's (ADM) distribution business in Brazil and Paraguay, the Company will now manage and report a new International Distribution segment. Beginning with the first quarter of 2015, Mosaic will report four segments: Phosphates, Potash, International Distribution, and Corporate and Other. The new Phosphates segment will split out manufacturing from International Distribution. The Corporate and Other segment will contain legacy Argentinean and Chilean businesses, as well as mark to market adjustments on derivatives. "The new disclosures we released today are expected to increase transparency and improve peer benchmarking and business modeling," stated Rich Mack, Mosaic's Executive Vice President and Chief Financial Officer. "These enhanced disclosures provide additional data and metrics across all our businesses to allow our owners and analysts to measure our strategic and financial progress. The new segmentation also provides better visibility into our Phosphates segment by separating it from our International Distribution segment." New Performance Data and a PowerPoint Presentation describing the new segmentation are available on Mosaic's website at www.mosaicco.com/investors. The Company also announced an update of the near-term price, volume and gross margin guidance reflecting the new segmentation. Finished phosphate volumes that are manufactured by Mosaic and sold through International Distribution will be accounted for in both segments. In the first quarter, Mosaic expects about 200,000 tonnes will drive both manufacturing margins in the Phosphates segment and distribution margins in the International Distribution segment. Phosphates (New Segment) Q1 Sales volume 2.1 to 2.3 million tonnes Q1 DAP selling price $450 to $460 per tonne Q1 Gross margin rate High teens Q1 Operating rate 80 to 85 percent 2015 Sales Volumes 9 to 10 million tonnes International Distribution (New Segment) Q1 Sales volume 0.85 to 0.95 million tonnes Q1 Gross margin per tonne $24 to $27 per tonne 2015 Sales volume 6 to 7 million tonnes All other guidance remains unchanged.