Q3 2024 Earnings Conference Call and Webcast Slides
monsanto 07-31-06b
1. Key Points of Monsanto’s Soybean Breeding Program
• Experienced, Dedicated Breeding Staff
– 15 N. American breeders with 225 years of experience
– 10 managers with 175 years of experience
– 4 “Purity Managers” with 40 years experience
– 75 full time support employees
– Soybean Pathology and Nematology Teams
– 3 Trait Integration Breeders
– Breeding Technology expertise
• Increased lab and field testing capacities enable utilization of
new technologies while delivering products to multiple
channels
• Access to elite germplasm and a comprehensive pipeline of
traits allow increased genetic gain while providing multiple trait
stacking opportunities
2. Soybean Research Stations
Glyndon
Redwood Falls Guelph
Janesville
Ames
Findlay
Oxford
Bloomington Galena
Haubstadt
Stonington
Mt. Olive
Marion
Stuttgart
Varietal Development Lead: Mike Hawbaker
Northern Lead: Alejandro Hernandez Global Soybean Breeding Lead: Bob Buehler
International Breeding Lead: Hamer Paschal
Central Lead: Andy Nickell
Trait Integration Lead: Joe Byrum
Southern Lead: Kevin Matson
Quality Management Systems: Claudia Nari
Each station positioned Purity Lead: Tom Freed
to cover 5 million acres Agronomic Traits Lead: Vergel Concibido
3. Success: Integration of Conventional
Soy Breeding is a Key Breeding, Breeding Technology,
Component of Our Biotechnology, & Crop Analytics
Integrated Pipeline
Objectives
Germplasm Resources
Enhance germplasm competitiveness Superior Yield Composition
Outstanding germplasm key to • Disease • Protein
resistance • Oil
delivering value added traits • Yield stability
Key Drivers
Biotechnology
Top yielding varieties • RR2G & Yield
Breeding Technology • Food & Feed Traits
• Marker Ass’ted Breeding
Increased genetic gain through • Markers for Key Traits
• Chromosome mapping
Crop Analytics
germplasm & technology • High throughput
High value opportunities in food &
• Essential for
Marker Development
feed
Soy varieties with increased value
Pipeline support • Higher yields
• Improved consumer uses
• Improvements in feed efficiency
Increased value for Monsanto
and our customers
4. Soybean Breeding at Monsanto:
Excellent Germplasm from Multiple, Complementary Sources
MonSoy
Brazil
First Line
High Yield
Asgrow Canada
Food
Elite Varieties in NA & SA
Yield
Defensive traits
DeKalb Germplasm Providers
Hartz High Yields
Yield
Southern US Complementary
Midwestern US
Food
Elite Soy
Varieties w/
World Class Germplasm Pool
Value Added
Traits
Industry
Public Sources University
Collaborations
USDA, AVRDC Collaborations
Germplasm Diversity
Disease, SCN, Diversity Disease, Diversity
Outstanding Germplasm
Yield from multiple sources in North & South America
Pest tolerance for Yield Stability
Useful variability for protein & oil quality and quantity
Aggressive development of markers for food, feed, and agronomic traits
5. Soybean Breeding is a Funnel……
Germplasm Pool
Germplasm lines Pool
• Hundreds of elite
New Progeny • Hundreds of elite lines
• New germplasm sources
• New germplasm sources
100,000s Potential Breeding Populations
~7,000 New Breeding Populations
~600,000 New Progeny
6-7 year process
Multiple years of yield testing
Fewer lines each stage
New Commercials
20-30 New Brand Commercial Varieties
30-40 New Licensed Commercial Varieties
6. Monsanto has an integrated
SNP and SSR linkage map to enable
marker assisted breeding applications in soybean
A1 A2 B1 B2 C1 C2 D1a D1b D2 E F G H I J K L MN O
rhg1
Rmi
Rhg4
Rps3/Rps8
Rsv1,
Rma,Rmj, Rsa
Rhg5,
Rbs1
Rps1
10 cM
Goal: Use DNA markers to improve the efficiency of plant breeding procedures by: Identifying what genes
control agronomic traits, Implementing new breeding procedures that improve our ability to select for these genes,
Increase the rate of genetic gain in our breeding programs
Legend: Rhg-SCN resistance; Rbs-Brown stem rot resistance; Rps-Phytophthora resistance; Rsv-Soybean virus
resistance; Rma, Rmi, Rmj-Southern root knot nematode resistance; Rsa-soybean aphid resistance
9. Yearly Brand Performance Advantage vs. Top Competitor
Summary of all head to head commercial comparisons within +/- 0.3 RM
2.4
2.2
1.97
dvantage (B cre)
1.91
2
u/A
1.8 1.64 1.55
1.53
1.6
1.37 1.35
1.4
1.1
1.2
1
Yield A
0.8
0.6
0.4
0.2
0
2005 2004 2003 2002
ASGROW DEKALB
Weighted average of all head to head commercial comparisons
10. Corn States Performance Comparison
2 Yr Combined (04' and 05')
Monsanto/MOS Research Trials
Maturity Group Avg (Excluding New CS Releases))
CS Adv
60.00
CS PION SYN PION SYN
43.17 40.77 41.12 2.39 2.05
MG0 55.00
49.73 46.94 48.05 2.79 1.68
MG1
50.00
53.45 52.17 50.28 1.28 3.18
MG2
55.89 54.69 53.75 1.20 2.13
MG3 45.00
52.31 51.22 49.66 1.10 2.65
MG4 40.00
47.74 46.70 46.24 1.04 1.50
MG5 MG0 MG1 MG2 MG3 MG4 MG5
Mean 50.38 48.75 48.18 1.63 2.20
CS PION SYN
Performance
advantage across ALL
maturity Groups
11. Percentage of Test Mean#
#
90%
92%
94%
96%
98%
100%
102%
104%
106%
108%
AG2603*
AG2605*
AG2801
AG2802*
*New Product
AG3003
AG3006
DKB27-52*
DKB27-53*
Loose site analysis for years 2001-2005
DKB28-52
DKB28-53
DKB29-51
CSR2632N
CSR2863
CSR2923
CSR2942N
92M70
92M71
92M80
92M91
92M92
S26-H2
S26-V6
S27-R1
S27-T7
S28-L9
S28-W2
Maturity Group 2.5 to 2.9: Pipeline Yield Summary
S29-C9
BPR 2617
12. Percentage of Test Mean#
#
93%
95%
97%
99%
101%
103%
105%
107%
109%
AG3005
AG3006*
AG3101
*New Product
AG3203*
AG3505*
DKB31-51
Loose site analysis for years 2001-2005
DKB34-51
DKB35-51
DKB35-52*
CSR3143
CSR3232N
CSR3532N
CSR3552N
93M10
93M11
93M30
93M41
93M60
S31-V3
S32-G5
S34-U4
Maturity Group 3.0 to 3.5: Pipeline Yield Summary
3390RR
13. #
Percentage of Test Mean#
100%
102%
104%
106%
108%
96%
98%
AG3505*
AG3602
AG3705*
*New Product
AG3802
AG3905
AG3906
DKB35-52*
Loose site analysis for years 2001-2005
DKB36-52
DKB37-51
DKB38-52
CSR3532N
CSR3542N
CSR3552N
CSR3800
CSR3932N
93M50
93M90
93M92
93M93
S35-F9
S37-N4
S39-K6
S39-Q4
BPR3567NNRR
Maturity Group 3.5 to 3.9: Pipeline Yield Summary
BPR3644RR
BPR3704RR
14. Variety Development: Maturity Group 2.0 to 2.9
• Background
– Key states/provinces: IA, IL, IN,
MI, MN, NE, OH, SD, & WI
Yield Summary
– 30% of US soybean acres (#1)
– Roundup RReady2Yield initial 60.0
release market 50.0 Asgrow
– Vistive Low Lin initial release
Average Bu/Ac
market
DeKalb
40.0
Pioneer
– Renessen targeted growing 30.0
Syngenta
region 20.0
• Germplasm Strengths 10.0
– PRR resistance
– SCN resistance
0.0
2001 2002 2003 2004 2005
– IDC tolerance
• Value Added Traits
– Renessen
– Vistive Low Linolenic
– Roundup RReady2Yield
– High Beta Conglycinin
• Agronomic Traits
– SCN>PRR>IDC>BSR>SDS> White *SCN – Soybean Cyst Nematode
Mold>Soy Aphid PRR – Phytopthora Root Rot
PTOL – Phytopthora tolerance
WM – White Mold
BSR – Brown Stem Rot
IDC – Iron deficiency chlorosis
SDS – Sudden Death Syndrome