Modeling with New Disclosures Linking Price & Drivers to Financial Results

Phosphates Potash Mosaic Fertilizantes Operating Driver Targets Cash cost of U.S. mined rock ($/tonne) Cash costs of conversion ($/tonne) Cash costs of production (excluding brine) - MOP ($/tonne) Cash brine management costs ($ in millions) Cash costs of rock (R$/tonne) Cash costs of conversion - Phosphates (R$/tonne) Total Selling, General & Administrative Expenses ($ in millions) Sales of Performance Products (in millions) (1) Includes volumes of K-Mag, Aspire, Microessentials and Sus-terra. 2018 actual $38 $63 $66 $123 R$ 346 R$265 $341 2019 actual $41 $65 $74 $101 R$ 331 R$ 321 $354 2020 actual $37 $62 $56 $73 R$331 R$313 $372 4.0 2023 target $34 $51 $49 $0 R$315 R$291 $340 5.2 Mosaic 8

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