Brett Begemann, Executive Vice President of Monsanto, presented at an investor day on November 8, 2007. He outlined Monsanto's strategic plan to double gross profit from soybeans over the next 5 years through the launch of its Roundup Ready 2 Yield soybean technology. This new technology was shown to provide a 7-11% yield advantage over previous Roundup Ready soybeans. Monsanto planned to launch Roundup Ready 2 Yield on 5-6 million U.S. acres by 2010-2012 and expected it to more than compensate for any competitive offerings in the marketplace.
Monsanto aims to more than double its gross profit from 2007 to 2012 through organic growth of its core seed and trait business. It plans to achieve this by gaining market share in key crops like US and international corn, soybeans, and cotton. Monsanto expects its research pipeline to deliver new products with increased yields and stress tolerance that will further boost profits. Maintaining financial discipline around expenses, working capital, and capital expenditures will support profit growth and continued strong free cash flow generation over the next five years.
Operational excellence, pricing to value, and pipeline drives are Monsanto's strategic playbook to double Seminis' gross profit from 2007 to 2012. Seminis is expected to outpace industry growth with a 6% CAGR through 2012 by focusing on key crops, shifting to higher value segments like protected culture, and launching 5 new products by 2012 including raised-head broccoli and improved-texture watermelon. The use of genetic mapping and marker assisted breeding could accelerate new product launches by 1-2 years.
Terry Crews, CFO of Monsanto, outlined financial targets for 2006-2007 focusing on accelerated growth from seeds and traits. Key targets included 20% EPS growth each year, free cash flow of $825-900M in 2006 and $875-950M in 2007, and increased seeds and traits gross profit reaching $2.3B in 2006 and $2.6B in 2007. Consistency and discipline driving growth in the current portfolio, expanding globally, and progressing the pipeline would remain cornerstones of Monsanto's strategy.
This document provides an overview and schedule for Monsanto's "Whistle Stop III" investor event focusing on their soybean and corn platforms. Key points include:
- Monsanto's five-year plan aims to double gross profit by 2012 by more than doubling their seeds and traits segment through innovations in corn and soybeans.
- For 2008, corn seeds and traits are forecast to grow 25% while soybeans are forecast 15% growth with preparations for the Roundup Ready 2 Yield launch.
- For 2009, corn seeds are forecast 25-30% growth while soybeans are forecast over 5% growth with the Roundup Ready 2 Yield commercial release in soybeans.
- The two-day
Verde Potash is a Brazilian fertilizer company focused on developing the Cerrado Verde potash project in Brazil, which has an inferred resource of 105.1Mt grading 10.3% K2O. The project is planned to use a low-cost ThermoPotash process with strong economics of US$445.5M, as well as developing conventional potash production. The company is led by an experienced Brazilian team and listed on the TSX Venture Exchange with a market capitalization of around C$237 million.
1) Monsanto has established strategic platforms in high-value crops like corn, soybeans, cotton, and vegetables through its seed and trait crop platforms.
2) Acquisitions of Seminis and Emergent are expected to add to Monsanto's earnings per share and free cash flow forecasts in the coming years.
3) With the additions of Seminis and Emergent, Monsanto has raised the bar for leadership in the global seeds market in terms of total seed and trait revenue.
The document provides an overview of Monsanto's financial results for the first quarter of 2009 and outlook. Key points include:
- Net sales increased 29% to $2.6 billion compared to first quarter 2008.
- Net income increased 117% to $556 million.
- Gross profit from Roundup and other glyphosate herbicides increased 65% due to price increases globally and strength in Brazil.
- Corn and soybean seed and traits also saw gross profit increases of 41% and 31% respectively.
- Guidance for full year 2009 forecasts ongoing earnings per share growth of 20-24% and continued growth across major business segments.
- The document provides financial results and forecasts for Monsanto Company for the second quarter of 2007 and fiscal year 2007.
- Net sales for the second quarter of 2007 were $2.6 billion, up 15% from the previous year. Earnings per share on an as-reported basis were $0.98, up 25% from the prior year.
- For fiscal year 2007, Monsanto increased guidance and now expects earnings per share of $1.60-1.65, representing 22-26% growth over the previous year, and free cash flow of $875-950 million.
Monsanto aims to more than double its gross profit from 2007 to 2012 through organic growth of its core seed and trait business. It plans to achieve this by gaining market share in key crops like US and international corn, soybeans, and cotton. Monsanto expects its research pipeline to deliver new products with increased yields and stress tolerance that will further boost profits. Maintaining financial discipline around expenses, working capital, and capital expenditures will support profit growth and continued strong free cash flow generation over the next five years.
Operational excellence, pricing to value, and pipeline drives are Monsanto's strategic playbook to double Seminis' gross profit from 2007 to 2012. Seminis is expected to outpace industry growth with a 6% CAGR through 2012 by focusing on key crops, shifting to higher value segments like protected culture, and launching 5 new products by 2012 including raised-head broccoli and improved-texture watermelon. The use of genetic mapping and marker assisted breeding could accelerate new product launches by 1-2 years.
Terry Crews, CFO of Monsanto, outlined financial targets for 2006-2007 focusing on accelerated growth from seeds and traits. Key targets included 20% EPS growth each year, free cash flow of $825-900M in 2006 and $875-950M in 2007, and increased seeds and traits gross profit reaching $2.3B in 2006 and $2.6B in 2007. Consistency and discipline driving growth in the current portfolio, expanding globally, and progressing the pipeline would remain cornerstones of Monsanto's strategy.
This document provides an overview and schedule for Monsanto's "Whistle Stop III" investor event focusing on their soybean and corn platforms. Key points include:
- Monsanto's five-year plan aims to double gross profit by 2012 by more than doubling their seeds and traits segment through innovations in corn and soybeans.
- For 2008, corn seeds and traits are forecast to grow 25% while soybeans are forecast 15% growth with preparations for the Roundup Ready 2 Yield launch.
- For 2009, corn seeds are forecast 25-30% growth while soybeans are forecast over 5% growth with the Roundup Ready 2 Yield commercial release in soybeans.
- The two-day
Verde Potash is a Brazilian fertilizer company focused on developing the Cerrado Verde potash project in Brazil, which has an inferred resource of 105.1Mt grading 10.3% K2O. The project is planned to use a low-cost ThermoPotash process with strong economics of US$445.5M, as well as developing conventional potash production. The company is led by an experienced Brazilian team and listed on the TSX Venture Exchange with a market capitalization of around C$237 million.
1) Monsanto has established strategic platforms in high-value crops like corn, soybeans, cotton, and vegetables through its seed and trait crop platforms.
2) Acquisitions of Seminis and Emergent are expected to add to Monsanto's earnings per share and free cash flow forecasts in the coming years.
3) With the additions of Seminis and Emergent, Monsanto has raised the bar for leadership in the global seeds market in terms of total seed and trait revenue.
The document provides an overview of Monsanto's financial results for the first quarter of 2009 and outlook. Key points include:
- Net sales increased 29% to $2.6 billion compared to first quarter 2008.
- Net income increased 117% to $556 million.
- Gross profit from Roundup and other glyphosate herbicides increased 65% due to price increases globally and strength in Brazil.
- Corn and soybean seed and traits also saw gross profit increases of 41% and 31% respectively.
- Guidance for full year 2009 forecasts ongoing earnings per share growth of 20-24% and continued growth across major business segments.
- The document provides financial results and forecasts for Monsanto Company for the second quarter of 2007 and fiscal year 2007.
- Net sales for the second quarter of 2007 were $2.6 billion, up 15% from the previous year. Earnings per share on an as-reported basis were $0.98, up 25% from the prior year.
- For fiscal year 2007, Monsanto increased guidance and now expects earnings per share of $1.60-1.65, representing 22-26% growth over the previous year, and free cash flow of $875-950 million.
Petrobras is a major international oil company that was originally established as a government monopoly in Brazil. It is now 60% publicly traded with shares listed in Brazil and New York. The company has grown significantly in recent decades and aims to become one of the top five largest publicly traded oil producers by 2020. Petrobras has a competitive advantage in deepwater exploration and production. It also has large proven reserves, particularly from new pre-salt discoveries, that could more than double Brazil's reserves. The company has shown an impressive record of accelerating production growth over the past decades from major new field developments.
Kite Realty Group Q2 2010 Investor Presentationdbuell_kite
Kite Realty Group Trust owns 55 operating retail properties across 9 states totaling over 562,000 square feet of leasing space. Their portfolio has a 91% occupancy rate with a diverse tenant base where the largest tenant is only 3.3% of annual rent. They are focused on increasing leasing productivity through new anchor tenants and property redevelopments to drive revenue growth and improve funds from operations.
The 10th Annual Latin American Conference hosted by Santander will take place from January 17-20, 2006 in Acapulco, Mexico. Raul Adalberto de Campos, the Investor Relations Executive Manager for Petrobras, will present at the conference. The presentation may contain forecasts about future events involving risks and uncertainties that could cause actual results to differ from expectations. Petrobras is not obligated to update any forecasts based on new information.
The document summarizes Potash Ridge Corporation's Premium Potash Project located in Utah. The project involves mining alunite deposits and processing it into sulphate of potash (SOP), sulphuric acid, and bauxite. Extensive historical work in the 1970s expedites development. The project is expected to produce 680,000 tonnes of SOP annually starting in 2016. Management has over 80 years of combined experience in the mining industry. Utah provides an attractive mining jurisdiction with existing infrastructure and a streamlined permitting process.
The document summarizes Potash Ridge Corporation's Premium Potash Project located in Utah. The project involves mining alunite deposits and processing it into sulphate of potash (SOP), sulphuric acid, and bauxite. Extensive historical work in the 1970s expedites development. The project is expected to produce 680,000 tonnes of SOP annually starting in 2016. Management has over 80 years of combined experience in the mining industry. Utah provides an attractive mining jurisdiction with existing infrastructure and a streamlined permitting process.
The document discusses JBS S.A.'s 4th quarter 2009 results. It shows that JBS has grown significantly through acquisitions over the past 15 years, with revenues increasing from $0.3 billion in 1996 to an estimated $30.3 billion in 2009. A chart displays JBS' EBITDA growth over time, with EBITDA margins ranging from 4.3% to 13.6% between 1999-2009. The document provides an overview of JBS as the leading animal protein producer worldwide with over 125,000 employees across operations in South America, North America, Europe, and Oceania.
22 08-2008 Maria Isabe M. Gomes Ramo e Eduardo Alessandro Molinari - Petrobra...Petrobras
Petrobras is a major publicly traded integrated energy company headquartered in Brazil. It has significant oil and gas reserves, production and refining capacity. Petrobras has a strategic vision to become one of the top 5 largest publicly traded oil producers by 2020 through continued production growth. The recent discovery of large pre-salt oil fields could more than double Brazil's proven oil reserves.
Beach Petroleum is an Australian oil and gas company with a diversified portfolio of assets. The document summarizes Beach's company profile, five year performance, key projects, and growth opportunities and outlook. It describes Beach's balanced portfolio of long-life reserves across Australia, recent strong financial performance, and key revenue generating projects like the BMG offshore oil and gas field and Cooper Basin oil projects. The summary outlines Beach's strategies to build its gas portfolio, pursue high reward exploration opportunities in Australia and internationally, and assess geothermal energy potential.
The Premium Potash Project aims to produce 680,000 tonnes per year of sulphate of potash (SOP) from the Blawn Mountain alunite deposit in Utah. The project is led by an experienced management team with over 80 years of combined experience. An initial mine plan outlines a 30 year mine life with an estimated $1.3 billion after-tax net present value at a 10% discount rate and 21.3% internal rate of return. The project is expected to be a low-cost SOP producer with an estimated cash cost of $101 per tonne before credits from sulphuric acid and bauxite by-product sales.
Terry Crews, Chief Financial Officer of Monsanto Company, presented at the UBS Best of Americas Conference on May 31, 2006. Monsanto is an agricultural company focused on helping farmers increase their productivity and profitability through seeds and traits. Their strategy is played out across four core crop franchises: corn, cotton, soybeans, and vegetables. Breeding and biotechnology provide parallel paths to develop products that enhance yield, and the successful application of traits in corn opens opportunities to replicate this strategy in other crops to drive continued growth.
Gafisa reported strong financial results for 1Q10, with launches totaling R$703 million, up 339% YoY. Pre-sales reached R$857 million, a 53.5% increase YoY. Net revenue rose 67% to R$908 million, while adjusted EBITDA increased 120% to R$169 million with an 18.6% margin. Gafisa continued expanding its national footprint and consolidated land bank, which totaled R$15.6 billion. The company also completed a follow-on share offering that raised R$1.02 billion to fund growth initiatives.
The document summarizes Potash Ridge Corporation's Premium Potash Project located in Utah. It highlights the project's large, high-quality potash deposit that is strategically located with established infrastructure. The experienced management team has over 80 years of combined experience developing large resource projects. A preliminary economic assessment shows the project has a $1.3 billion NPV and 21.3% IRR, with potential to be a long-life, low-cost producer of premium sulphate of potash fertilizer.
Brasil Ecodiesel reported financial and operational results for the first quarter of 2007, with sales volume up 103% over the previous quarter. The company's biodiesel production capacity expanded to 800,000 cubic meters per year across four operational transesterification plants. Revenues increased 100% to R$61.1 million compared to the previous quarter, though the company reported a net loss of R$0.5 million. The number of farming families in Brasil Ecodiesel's supply network expanded by 71.9% over the previous quarter.
The document provides an overview of Monsanto's breeding and biotechnology research and development processes. It discusses how Monsanto uses both breeding improvements through germplasm selection and molecular markers, as well as biotechnology traits, to develop seeds with higher yields. The goal is to double crop yields by 2030 to help meet growing global food demand. Monsanto invests heavily in breeding research including building a large germplasm library and developing molecular marker technologies. Both breeding and biotech provide pathways to developing improved commercial products, and combining them allows Monsanto to maximize yield gains for farmers.
Nava Bharat Ventures Limited is an Indian industrial conglomerate with interests in power, coal mining, ferro alloys and sugar. It has expanded its operations internationally with a focus on Africa and Southeast Asia. A key growth driver is its power business, where it is expanding capacity in India and pursuing an integrated mining and power project in Zambia. The Zambia project involves revamping an acquired coal mine and setting up a 300MW power plant, with plans to eventually increase capacity to 900MW. The company utilizes its expertise in design, engineering and O&M to pursue profitable growth through geographic diversification and value addition in natural resource development.
Monsanto is acquiring CanaVialis S.A. and Alellyx S.A., two Brazilian sugar cane breeding and technology companies, representing an R&D platform investment in sugar cane. Sugar cane is grown on nearly 50 million acres worldwide, with Brazil being the largest market and producer. The acquisition will provide Monsanto access to the largest private sugar cane breeder and its partner for developing Bt and Roundup Ready sugar cane traits, allowing Monsanto to leverage its experience in row crops for sugar cane breeding and biotechnology over the long term.
1) The document lists the work experience of Cherukumalli Srinivasa Rao from 1992 to 2009 at various institutes including the National Academy of Agricultural Research and Management, Indian Institute of Soil Science, Indian Institute of Pulses Research, Central Research Institute for Dryland Agriculture, and the International Crops Research Institute for the Semi-Arid Tropics.
2) It then provides an outline for a presentation on sustainable soil fertility management and emerging issues and future challenges. The outline includes topics on potassium nutrition, nutrient deficiencies in rainfed agriculture, carbon sequestration strategies, and soil fertility management strategies from an African context.
3) Yield stagnation in grain legumes may
The document provides financial results for Petrobras' 2nd quarter of 2007. Key points include:
- Stable oil production despite natural decline offset by new production. Some scheduled and unscheduled stoppages impacted production.
- Oil prices increased in line with international benchmarks. Higher average sales prices increased revenues.
- Increased oil product sales and production in Brazil due to market seasonality and economic growth.
- Net income increased 64.6% from higher prices, volumes, absence of prior extraordinary expenses, and tax benefits. Operational expenses were managed well.
1) Terry Crews is the Chief Financial Officer of Monsanto Company and spoke at the Bank of America 36th Annual Investment Conference on September 18, 2006.
2) Monsanto's strategy focuses on helping farmers be more productive through improving ways to produce food, fiber, and feed using innovation and technology.
3) Monsanto sees opportunities to double corn trait penetration in the US by the end of the decade through growth in stacked traits, international markets, and its pipeline.
Brett Begeman discussed Monsanto's strategy to more than double gross profit from corn by 2012 through organic growth of their existing business and pipeline. Key points include:
- Growing U.S. and international corn market share through new hybrids and traits like SmartStax corn which could reset the industry standard after 2010.
- Nearly tripling U.S. penetration of triple-stack traits from 17.7 million acres in 2007 to 45-55 million acres by 2010 through new products and programs.
- Maintaining a strong yield advantage of DEKALB hybrids in the U.S., including 8.4 bushels/acre over competitors in 2007, to drive continued share gains.
-
1) Monsanto's corn seed brands DEKALB and ASI are expected to gain market share in the U.S. corn seed market in 2008, with DEKALB gaining 2-3 share points and ASI gaining 1-2 share points.
2) Monsanto has infused its corn seed brands with new traits and technologies, increasing their gross profit per acre. Both DEKALB and ASI are expected to have over half of their corn seed portfolios contain triple-stacked traits in 2008.
3) U.S. acres planted with triple-stacked corn traits are forecasted to grow 40-50% in 2008, providing opportunities for Monsanto's seed brands.
Monsanto's presentation outlined its strategic plan to double gross profit from corn seed and traits from 2007 to 2012 through expanding in key areas:
1) Growing its U.S. seed footprint through continued DEKALB share gains of up to 10 points by 2012.
2) Expanding trait penetration in the U.S., with potential to nearly triple SmartStax acreage by end of decade.
3) Expanding its international seed footprint, with a goal of 1-2 share point gains annually in key markets like EU27, Brazil and Argentina through 2012.
Petrobras is a major international oil company that was originally established as a government monopoly in Brazil. It is now 60% publicly traded with shares listed in Brazil and New York. The company has grown significantly in recent decades and aims to become one of the top five largest publicly traded oil producers by 2020. Petrobras has a competitive advantage in deepwater exploration and production. It also has large proven reserves, particularly from new pre-salt discoveries, that could more than double Brazil's reserves. The company has shown an impressive record of accelerating production growth over the past decades from major new field developments.
Kite Realty Group Q2 2010 Investor Presentationdbuell_kite
Kite Realty Group Trust owns 55 operating retail properties across 9 states totaling over 562,000 square feet of leasing space. Their portfolio has a 91% occupancy rate with a diverse tenant base where the largest tenant is only 3.3% of annual rent. They are focused on increasing leasing productivity through new anchor tenants and property redevelopments to drive revenue growth and improve funds from operations.
The 10th Annual Latin American Conference hosted by Santander will take place from January 17-20, 2006 in Acapulco, Mexico. Raul Adalberto de Campos, the Investor Relations Executive Manager for Petrobras, will present at the conference. The presentation may contain forecasts about future events involving risks and uncertainties that could cause actual results to differ from expectations. Petrobras is not obligated to update any forecasts based on new information.
The document summarizes Potash Ridge Corporation's Premium Potash Project located in Utah. The project involves mining alunite deposits and processing it into sulphate of potash (SOP), sulphuric acid, and bauxite. Extensive historical work in the 1970s expedites development. The project is expected to produce 680,000 tonnes of SOP annually starting in 2016. Management has over 80 years of combined experience in the mining industry. Utah provides an attractive mining jurisdiction with existing infrastructure and a streamlined permitting process.
The document summarizes Potash Ridge Corporation's Premium Potash Project located in Utah. The project involves mining alunite deposits and processing it into sulphate of potash (SOP), sulphuric acid, and bauxite. Extensive historical work in the 1970s expedites development. The project is expected to produce 680,000 tonnes of SOP annually starting in 2016. Management has over 80 years of combined experience in the mining industry. Utah provides an attractive mining jurisdiction with existing infrastructure and a streamlined permitting process.
The document discusses JBS S.A.'s 4th quarter 2009 results. It shows that JBS has grown significantly through acquisitions over the past 15 years, with revenues increasing from $0.3 billion in 1996 to an estimated $30.3 billion in 2009. A chart displays JBS' EBITDA growth over time, with EBITDA margins ranging from 4.3% to 13.6% between 1999-2009. The document provides an overview of JBS as the leading animal protein producer worldwide with over 125,000 employees across operations in South America, North America, Europe, and Oceania.
22 08-2008 Maria Isabe M. Gomes Ramo e Eduardo Alessandro Molinari - Petrobra...Petrobras
Petrobras is a major publicly traded integrated energy company headquartered in Brazil. It has significant oil and gas reserves, production and refining capacity. Petrobras has a strategic vision to become one of the top 5 largest publicly traded oil producers by 2020 through continued production growth. The recent discovery of large pre-salt oil fields could more than double Brazil's proven oil reserves.
Beach Petroleum is an Australian oil and gas company with a diversified portfolio of assets. The document summarizes Beach's company profile, five year performance, key projects, and growth opportunities and outlook. It describes Beach's balanced portfolio of long-life reserves across Australia, recent strong financial performance, and key revenue generating projects like the BMG offshore oil and gas field and Cooper Basin oil projects. The summary outlines Beach's strategies to build its gas portfolio, pursue high reward exploration opportunities in Australia and internationally, and assess geothermal energy potential.
The Premium Potash Project aims to produce 680,000 tonnes per year of sulphate of potash (SOP) from the Blawn Mountain alunite deposit in Utah. The project is led by an experienced management team with over 80 years of combined experience. An initial mine plan outlines a 30 year mine life with an estimated $1.3 billion after-tax net present value at a 10% discount rate and 21.3% internal rate of return. The project is expected to be a low-cost SOP producer with an estimated cash cost of $101 per tonne before credits from sulphuric acid and bauxite by-product sales.
Terry Crews, Chief Financial Officer of Monsanto Company, presented at the UBS Best of Americas Conference on May 31, 2006. Monsanto is an agricultural company focused on helping farmers increase their productivity and profitability through seeds and traits. Their strategy is played out across four core crop franchises: corn, cotton, soybeans, and vegetables. Breeding and biotechnology provide parallel paths to develop products that enhance yield, and the successful application of traits in corn opens opportunities to replicate this strategy in other crops to drive continued growth.
Gafisa reported strong financial results for 1Q10, with launches totaling R$703 million, up 339% YoY. Pre-sales reached R$857 million, a 53.5% increase YoY. Net revenue rose 67% to R$908 million, while adjusted EBITDA increased 120% to R$169 million with an 18.6% margin. Gafisa continued expanding its national footprint and consolidated land bank, which totaled R$15.6 billion. The company also completed a follow-on share offering that raised R$1.02 billion to fund growth initiatives.
The document summarizes Potash Ridge Corporation's Premium Potash Project located in Utah. It highlights the project's large, high-quality potash deposit that is strategically located with established infrastructure. The experienced management team has over 80 years of combined experience developing large resource projects. A preliminary economic assessment shows the project has a $1.3 billion NPV and 21.3% IRR, with potential to be a long-life, low-cost producer of premium sulphate of potash fertilizer.
Brasil Ecodiesel reported financial and operational results for the first quarter of 2007, with sales volume up 103% over the previous quarter. The company's biodiesel production capacity expanded to 800,000 cubic meters per year across four operational transesterification plants. Revenues increased 100% to R$61.1 million compared to the previous quarter, though the company reported a net loss of R$0.5 million. The number of farming families in Brasil Ecodiesel's supply network expanded by 71.9% over the previous quarter.
The document provides an overview of Monsanto's breeding and biotechnology research and development processes. It discusses how Monsanto uses both breeding improvements through germplasm selection and molecular markers, as well as biotechnology traits, to develop seeds with higher yields. The goal is to double crop yields by 2030 to help meet growing global food demand. Monsanto invests heavily in breeding research including building a large germplasm library and developing molecular marker technologies. Both breeding and biotech provide pathways to developing improved commercial products, and combining them allows Monsanto to maximize yield gains for farmers.
Nava Bharat Ventures Limited is an Indian industrial conglomerate with interests in power, coal mining, ferro alloys and sugar. It has expanded its operations internationally with a focus on Africa and Southeast Asia. A key growth driver is its power business, where it is expanding capacity in India and pursuing an integrated mining and power project in Zambia. The Zambia project involves revamping an acquired coal mine and setting up a 300MW power plant, with plans to eventually increase capacity to 900MW. The company utilizes its expertise in design, engineering and O&M to pursue profitable growth through geographic diversification and value addition in natural resource development.
Monsanto is acquiring CanaVialis S.A. and Alellyx S.A., two Brazilian sugar cane breeding and technology companies, representing an R&D platform investment in sugar cane. Sugar cane is grown on nearly 50 million acres worldwide, with Brazil being the largest market and producer. The acquisition will provide Monsanto access to the largest private sugar cane breeder and its partner for developing Bt and Roundup Ready sugar cane traits, allowing Monsanto to leverage its experience in row crops for sugar cane breeding and biotechnology over the long term.
1) The document lists the work experience of Cherukumalli Srinivasa Rao from 1992 to 2009 at various institutes including the National Academy of Agricultural Research and Management, Indian Institute of Soil Science, Indian Institute of Pulses Research, Central Research Institute for Dryland Agriculture, and the International Crops Research Institute for the Semi-Arid Tropics.
2) It then provides an outline for a presentation on sustainable soil fertility management and emerging issues and future challenges. The outline includes topics on potassium nutrition, nutrient deficiencies in rainfed agriculture, carbon sequestration strategies, and soil fertility management strategies from an African context.
3) Yield stagnation in grain legumes may
The document provides financial results for Petrobras' 2nd quarter of 2007. Key points include:
- Stable oil production despite natural decline offset by new production. Some scheduled and unscheduled stoppages impacted production.
- Oil prices increased in line with international benchmarks. Higher average sales prices increased revenues.
- Increased oil product sales and production in Brazil due to market seasonality and economic growth.
- Net income increased 64.6% from higher prices, volumes, absence of prior extraordinary expenses, and tax benefits. Operational expenses were managed well.
1) Terry Crews is the Chief Financial Officer of Monsanto Company and spoke at the Bank of America 36th Annual Investment Conference on September 18, 2006.
2) Monsanto's strategy focuses on helping farmers be more productive through improving ways to produce food, fiber, and feed using innovation and technology.
3) Monsanto sees opportunities to double corn trait penetration in the US by the end of the decade through growth in stacked traits, international markets, and its pipeline.
Brett Begeman discussed Monsanto's strategy to more than double gross profit from corn by 2012 through organic growth of their existing business and pipeline. Key points include:
- Growing U.S. and international corn market share through new hybrids and traits like SmartStax corn which could reset the industry standard after 2010.
- Nearly tripling U.S. penetration of triple-stack traits from 17.7 million acres in 2007 to 45-55 million acres by 2010 through new products and programs.
- Maintaining a strong yield advantage of DEKALB hybrids in the U.S., including 8.4 bushels/acre over competitors in 2007, to drive continued share gains.
-
1) Monsanto's corn seed brands DEKALB and ASI are expected to gain market share in the U.S. corn seed market in 2008, with DEKALB gaining 2-3 share points and ASI gaining 1-2 share points.
2) Monsanto has infused its corn seed brands with new traits and technologies, increasing their gross profit per acre. Both DEKALB and ASI are expected to have over half of their corn seed portfolios contain triple-stacked traits in 2008.
3) U.S. acres planted with triple-stacked corn traits are forecasted to grow 40-50% in 2008, providing opportunities for Monsanto's seed brands.
Monsanto's presentation outlined its strategic plan to double gross profit from corn seed and traits from 2007 to 2012 through expanding in key areas:
1) Growing its U.S. seed footprint through continued DEKALB share gains of up to 10 points by 2012.
2) Expanding trait penetration in the U.S., with potential to nearly triple SmartStax acreage by end of decade.
3) Expanding its international seed footprint, with a goal of 1-2 share point gains annually in key markets like EU27, Brazil and Argentina through 2012.
The document discusses Monsanto's strategy to more than double its gross profit from seeds and traits by 2012 through growing its corn and soybean seed platforms globally. Key points include:
1) Seeds and traits gross profit is targeted to grow to $7.3-7.5 billion by 2012 while Roundup gross profit declines.
2) Monsanto aims to increase its share of key seed markets including the US corn market where DEKALB brand share is targeted at 30-34% by 2012.
3) Significant opportunities remain to expand biotech traits internationally, especially for corn and cotton in top markets like Brazil and Argentina.
4) Corn seed and traits gross profit is targeted to
Terry Crews, Chief Financial Officer of Monsanto, presented at the 13th Annual Agricultural Biotech Forum on February 10, 2009. In 3 sentences:
Monsanto targeted to more than double its gross profit from $4.2 billion in 2007 to a range of $9.5-9.75 billion by 2012, driven by growth in its Seeds and Genomics and Agricultural Productivity segments. Roundup and other glyphosate-based herbicide volumes were expected to decrease from 257 million gallons in 2008 to around 230 million gallons in 2009, but gross profit for these products was targeted to increase to a range of $2.4-2.5 billion. Corn seed and traits gross profit was
The document reviews Monsanto's R&D pipeline. It notes that 5 projects advanced phases and 5 products were added to the pipeline in the past year. Key milestones include the first time 4 projects moved from Phase 2 to Phase 3 and 2 generations of a corn drought family advancing. The pipeline leverages breeding and biotech for commercial growth and new platforms in the next decade.
1) Monsanto projects double-digit earnings growth in 2008, with ongoing EPS expected to increase 25-30% from 2007 levels.
2) Gross profit is targeted to more than double from 2007 levels to over $9 billion by 2012 through organic growth of its base business and R&D pipeline, focusing on areas like US corn, soybeans, and cotton.
3) Strong cash generation is expected in 2008 with free cash flow projected between $900 million to $1 billion, and capital expenditures increasing to over $800 million.
The document provides an overview and update of Monsanto's research and development pipeline. Key points include:
- 5 projects advanced phases in the biotech trait pipeline and 5 new products were added.
- DEKALB corn maintained a 8.4 bushel per acre yield advantage on average compared to competitors. When protected with YieldGard VT Triple, the advantage widened to 14.6 bushels.
- Roundup Ready2Yield soybeans and molecular breeding are expected to significantly increase soybean yields above historic trends.
- The drought tolerant corn family and nitrogen utilization corn family projects were advanced in the pipeline.
The document provides an overview of Chevron's upstream and gas business strategies and performance in 2007. It discusses the company achieving its 2007 production target of 2.6 MMBOED despite asset sales. It also outlines the company's focus on operational excellence, growing its base business and major capital projects portfolio, and replacing over 100% of production through exploration. The document highlights key projects and regions contributing to the company's strong financial results and proved reserves replacement.
Seminis is focused on developing new vegetable seed products, particularly in high-value crops like tomatoes, peppers, cucumbers, and melons. One key product is a raised head broccoli variety that enables mechanical harvesting, which can significantly reduce labor costs compared to traditional broccoli harvesting. Seminis is developing commercial raised head broccoli varieties and testing prototypes to prepare for product launches targeting major markets like the U.S., U.K., and Spain. The new variety is expected to bring the cost of harvesting into the value of the seed.
Terry Crews, Chief Financial Officer of Monsanto, presented at the 35th Annual Investment Conference hosted by Banc of America Securities on September 21, 2005. Monsanto's seeds and traits strategy has driven strong earnings performance, with ongoing EPS growth of 12% in 2003-2004 and an estimated growth rate of 26-29% for 2005. Financial discipline has established seeds and traits as the foundation of Monsanto's strategy, with gross profit from seeds and traits exceeding that of Roundup herbicide in 2003. Monsanto expects to continue accelerating the performance of its seeds and traits business in 2006-2007.
The document is Monsanto's 2007 U.S. Investor Day presentation. It summarizes Monsanto's strategic plan to more than double its gross profit from $4.3 billion in 2007 to over $9 billion by 2012 through organic growth of its core seed and trait business segments. Key growth drivers include continued expansion of corn and soybean traits in the U.S. and major farming countries, the 2010 launch of the SmartStax corn product, the upcoming introduction of Roundup Ready 2 Yield soybeans, and a strong R&D pipeline of new products. Monsanto aims to achieve mid-to-high teens ongoing EPS growth and gross margins of 52-54% by 2010 through this strategic execution.
Terry Crews, Chief Financial Officer of Bank of America, presented at the 38th Annual Investment Conference on September 16, 2008. The presentation discussed Monsanto's growth opportunity in agricultural productivity through increased demand for yield and innovation to meet that demand. Monsanto aims to double its gross profit from 2007 to 2012 through expanding its seed footprint and introducing valuable biotech traits. Corn seeds and traits were highlighted as demonstrating strong financial growth and momentum through increased market share and trait penetration.
Terry Crews, Chief Financial Officer of Monsanto, presented at the 2008 Bank of America Basics/Industrials Conference on May 8, 2008. In his presentation, he outlined Monsanto's goal to more than double its 2007 gross profit of $4.2 billion to nearly $9 billion by 2012 through organic growth across its business segments. He described Monsanto's strategic playbook and growth drivers in U.S. and international corn, soybeans, cotton, and vegetables, as well as its research and development pipeline, to achieve this goal over the next five years.
1) Monsanto's two-step strategy through 2010 aims to first grow its current seed and trait portfolio globally and then lead through innovation and in increasingly competitive markets.
2) Key opportunities for growth include expanding corn market share in Europe, India, and Argentina through global breeding programs and channel strategies tailored for each market.
3) Continued adoption of second-generation stacked traits in major crops and markets like India, Australia, and Brazil will drive additional value and market expansion through the end of the decade.
- Net sales for Q1 2006 were $1.405 billion, up 31% from $1.072 billion in Q1 2005. Gross profit was $634 million, up 29% from $491 million. Net income was $59 million compared to a net loss of $40 million in Q1 2005.
- Guidance for FY2006 targets earnings per share on an ongoing basis in the range of $2.35-$2.50 toward the upper end. Free cash flow is expected to be $825-$900 million.
- Success with variable-based pricing for Bollgard cotton traits showed increased penetration in marginal to modest infestation zones, driving overall increased value capture per acre over
The document provides financial results for Monsanto's first quarter of 2006 compared to the first quarter of 2005. Some key points:
- Net sales increased 31% to $1.405 billion compared to $1.072 billion. Gross profit increased 29% to $634 million from $491 million.
- Net income was $59 million compared to a net loss of $40 million in the prior year. Diluted earnings per share was $0.22 compared to a loss of $0.15 in 2005.
- Guidance for full fiscal year 2006 reflects continued momentum in seeds and traits business with EPS targeted between $2.35-$2.50 and free cash flow between $825-$900 million
Hugh Grant, Chairman and CEO of Monsanto, presented at the Goldman Sachs Agricultural Biotech Forum. In the presentation, Grant discussed Monsanto's focus on seeds and traits, which have driven strong gross profit growth. He outlined Monsanto's strategy to extend its leadership in seeds and traits through 2010 by leveraging six growth opportunities. Grant also reviewed Monsanto's corn seed and trait performance in the U.S., noting its strength in key maturity zones is translating to increased market share. He projected demand from ethanol will provide a further boost for Monsanto's corn technology. Internationally, Grant noted Monsanto's seed business provides varying levels of profit opportunity in major corn markets.
JBS S.A. is the largest global beef and lamb producer, largest global leather processor, second largest global chicken producer, and third largest pork and dairy producer in key markets. In 2011, JBS reported consolidated net revenue of R$61.8 billion, a 13% increase over 2010. EBITDA was R$3.15 billion, down 16.3% due to losses at Pilgrim's Pride. By business unit, JBS USA Beef revenue increased 25.6% to $16.5 billion with an 11.4% higher EBITDA of $739.1 million. JBS USA Pork revenue rose 17.5% to $3.5 billion and EBITDA increased 22.
Farmers purchase seeds from multiple brands and dealers to diversify their risk. They typically plant 3-4 brands and 5-8 varieties of corn, with 60% selecting germplasm first before choosing biotech traits. Purchases are made from 2-3 dealers in November and December. 38% of the corn is the latest top-yielding hybrids, with the goal of maximizing yield while minimizing risk through genetic diversity.
This document provides an overview and highlights of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the last 12 months including the Telewest merger and Virgin Mobile acquisition. The fourth quarter saw revenue growth across all segments, strong net additions, and continued ARPU and customer care improvements. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
This document provides an overview of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the past year including the Telewest merger and Virgin Mobile acquisition. The highlights of Q4 2006 include revenue growth across all segments, strong broadband and TV subscriber additions, and increased triple play penetration. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
Virgin Media reported its financial results for the first quarter of 2007. Key highlights include:
1) Strong growth in broadband, TV and mobile contract customers due to compelling offers and marketing campaigns promoting bundled services. However, fixed line customers continued to decline due to increased competition.
2) ARPU was slightly down due to lower fixed line usage, but triple play penetration and Old NTL ARPU increased, pointing to continued ARPU growth.
3) Customer churn improved to 1.6% due to more rigorous credit policies and efficient sales channels, while Sky basics had a minimal impact in Q1.
4) Mobile contract growth remained strong through cable cross-sell, while pre-pay declined season
This document summarizes Virgin Media's performance in the first quarter of 2007. It discusses Virgin Media's progress on key priorities such as brand strength, targeting competitors, cable integration, and cross-sell opportunities. Financial metrics like revenue, customer additions and disconnects, and ARPU are also reviewed. Challenges from increased competition and the impact of Sky's new "Basics" package are addressed.
This document provides a summary of Virgin Media's financial performance in the second quarter of 2007. It discusses declines in revenue due to customer churn related to the loss of Sky basics channels, but notes improving trends in areas like TV and broadband. Key points highlighted include strong growth in video on demand usage, successful bundling of products, expansion of high speed broadband services, and continued strength in the mobile business. The summary also previews upcoming content initiatives and their potential to further drive customer growth and engagement.
This document summarizes Virgin Media's financial performance in the second quarter of 2007. Key points include: losses of Sky basic channels impacted customer churn but TV performance was better than expected; strong mobile contract sales and bundling of products continued; and while ARPU was affected by retention activities, cash flow outlook remains strong. The document provides details on customer additions and disconnects, growth of triple play bundling, and increases in video on demand usage.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It notes significant improvements in customer and revenue growth metrics compared to previous quarters. Revenue was up slightly from the second quarter due to growth in the consumer, business services, content, and mobile segments. Operating cash flow also increased due to lower costs and certain one-time benefits. However, proactive investment in customer growth was also noted as impacting operating cash flow. Net debt remained substantial as of the end of the third quarter.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It discusses improvements in customer and revenue growth metrics compared to previous quarters. Specifically, it notes record quarterly gross additions and reduced churn. It also summarizes growth in the company's broadband, TV, telephony, mobile, and business services segments. The document concludes with discussions of operating cash flow, revenue, and net debt levels.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives. He highlighted opportunities in premium TV, basic pay-TV, free DTV and contract mobile. Berkett also outlined Virgin Media's network advantages in speed and reach, and strategies to increase customer value through volume, ARPU and tenure. Mobile was discussed as an important driver of consumer value through cross-selling. Valuable tax assets were also noted.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives, and building the platform for growth. He highlighted opportunities in premium TV, basic pay-TV, free DTV, broadband, and mobile services. Berkett also covered Virgin Media's network advantages, content assets, tax assets, and the significant potential asset value of the company's network, consumer base, mobile business, and content.
This document provides a summary of Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF increased slightly compared to last quarter. Capex remained high at 13.7% of revenue to support network upgrades including faster broadband speeds. Revenue declined slightly due to seasonal factors in certain business units.
This document summarizes Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF was £324 million for Q1 2008, up slightly from the previous quarter. Cash capex was £125 million for network upgrades and expansion.
This document provides a summary of Virgin Media's performance in the second quarter of 2008. It discusses financial results including operating cash flow growth and SG&A reductions. It also reviews operational metrics such as subscriber growth, churn rates, broadband and TV services. Virgin Media saw increased revenue and profitability in Q2 2008 compared to the same period last year.
This document provides a summary of Virgin Media's performance in the second quarter of 2008. It discusses financial results including operating cash flow growth and SG&A reductions. It also reviews operational metrics such as subscriber growth, churn rates, broadband and TV services. Virgin Media saw increased revenue and profitability in Q2 2008 compared to the prior year through lower churn, higher triple-play penetration and a focus on quality customer growth. The company believes its cable network gives it advantages over DSL providers that will increase further after investments are completed.
This document provides a summary of Virgin Media's financial results for the third quarter of 2008. It reports that Virgin Media continued to see growth in key metrics such as on-net customer additions, broadband and TV subscriber growth, and improving triple play penetration. ARPU increased through price increases, cross-selling, and upselling efforts. Mobile contract customer growth was strong through cross-selling to cable customers. Content revenues increased for VMtv but declined for Sit-Up. Overall revenue was flat, while operating cash flow and margins declined slightly compared to last year. Capital expenditures remained high to continue network upgrades and expand service offerings.
This document provides a summary of Virgin Media's financial results for the third quarter of 2008. It reports that Virgin Media continued to see growth in key metrics such as on-net customer additions, broadband and TV subscriber growth, and improving triple play penetration. ARPU increased through price increases, cross-selling, and upselling efforts. Mobile contract customer growth was strong through cross-selling to cable customers. Content revenue increased for VMtv but declined for Sit-Up. Overall revenue was flat, while operating cash flow and margins declined slightly compared to last year. Capital expenditures remained high to continue network investments.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. Key points include plans to: 1) lead in next generation broadband through upgrades to 10Mbps and beyond; 2) lead the on-demand TV revolution through growing video on demand usage and iPlayer views; and 3) leverage mobile as a third screen through bundling mobile services. Virgin Media also aims to build a more efficient customer focused organization through an operational transformation program targeting over £120m in annual cost savings by 2012.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. It aims to lead in next generation broadband, lead the on-demand TV revolution, and leverage mobile as a third screen. Virgin Media has the best broadband economics due to its high market share and lower costs. It is focusing on upgrading customers to higher broadband tiers, growing on-demand TV and video usage, and integrating mobile offerings. The company expects operational transformation to deliver over £120 million in annual cost savings by 2012.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Introductions of the senior management team who will be presenting.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Biographies and photos of Virgin Media's management team, including the CEO and heads of key business units.
Vadhavan Port Development _ What to Expect In and Beyond (1).pdfjohnson100mee
The Vadhavan Port Development is poised to be one of the most significant infrastructure projects in India's maritime history. This deep-sea port, located in Maharashtra, promises to transform the region's economic landscape, bolster India's trade capabilities, and generate a plethora of employment opportunities. In this blog, we will delve into the various facets of the Vadhavan Port Development: what to expect in and beyond its completion, and how it stands to influence the future of India's maritime and economic sectors.
Heather Elizabeth HamoodHeather Elizabeth Hamoodheatherhamood
Heather Hamood is a Licensed Physician who enjoys playing the Violin in her spare time. In addition to helping people as a Doctor, she loves to share her passion for the violin.
ITES KPO BPO IT sector in the country has increased at an incredible rate o...yashwanthkumar517728
ites KPO and BPO,IT sector in the country has increased at an incredible rate of 35% per year for the last 10 years reinforces the view that India is world class in IT
The IT sector is one of the largest employers of women, and therefore, can play a crucial role in women empowerment and the reduction of gender inequalities.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Introduction to Metro in India by cosmo soil.pptxcosmo-soil
The metro system in India is a vital part of urban mobility, providing eco-friendly, efficient, and affordable transportation. This article explores its history, benefits, and future developments, highlighting how metros enhance quality of life and drive urban development.
2. OVERVIEW
Upgrade to Roundup RReady2Yield in Soybeans Contributes
to Doubling Gross Profit Over Next Five Years
MONSANTO GROSS PROFIT 2012 GROWTH RANGE
GROWTH TARGET
Gross profit targeted to double
$9,000 from 2007 through 2012
STRATEGIC PLAYBOOK
$8,000
$7,000 Soybeans
GROSS PROFIT
(IN MILLIONS)
1. Launch of Roundup
$6,000
RReady2Yield soybeans
$5,000
2. Continued penetration of
Roundup Ready soybeans
$4,000
in Brazil to create platform
$3,000 for insect-protected
Roundup RReady2Yield
$2,000 soybeans
$1,000 3. Launch enhanced modified
oils platform
$0
4. Continue to develop and
2004 2007 2012
MILESTONES
launch pipeline traits with
2010
2007 more stacked offerings
Gross margin
Base Gross
target: 52-54%
Profit: $4,286M
ONGOING EPS GROWTH:
MID-TO-HIGH TEENS
2
3. SOYBEANS
Upgrade to Roundup RReady2Yield Drives U.S. Soybean
Seed and Traits Gross Profit Expansion Through 2012
U.S. SOYBEAN SEED AND TRAITS GROSS PROFIT BY CHANNEL
INDEX=2004
2004 2007 2012F
>2X
OVER 2004 INDEX
Trait licensing outside
Holden’s/Corn States
3
4. SOYBEANS
U.S. Soybean Seed Share to Continue to Grow Organically
U.S. SOYBEAN BRANDED AND LICENSED SEED SHARE
100%
U.S. SOYBEAN SEED MARKET SHARE
90% CORN STATES
ASI
ASGROW
LICENSEES
80%
70%
(PERCENTAGE)
60%
50%
40%
30%
20%
10%
0%
2004 2005 2006 2007 2012
TARGET
4
5. SOYBEANS
Same Peak Share Expected for Roundup RReady2Yield;
Alternative Traits Assumed in Marketplace
U.S. ROUNDUP RREADY2YIELD OPPORTUNITY: BEYOND 2010
75
2010 +
70
20M
60-70M
65
60 • In 2009/2010,
61M
55 Roundup
RReady2Yield
50
starts to access
40-50M
M ACRES
45 opportunity of
40 40- 50M U.S.
35 acres
30 • Roundup
25 RReady2Yield
20 becomes
platform for
15
stacking
10 pipeline traits,
5 such as
0 modified oils
2007 ROUNDUP TOTAL 2010 ASSUMED TOTAL 2010+ and high yield
READY ROUNDUP READY COMPETITIVE ROUNDUP
PENETRATION OPPORTUNITY ACRES ON RREADY2YIELD
ALTERNATIVE ACREAGE
PLATFORM
OPPORTUNITY
ROUNDUP RREADY2YIELD
ROUNDUP READY BASELINE OPPORTUNITY
5
Source: Company estimates
6. SOYBEANS
Preparations Under Way for Large Scale U.S. Launch of
Roundup RReady2Yield
ROUNDUP RREADY2YIELD SOYBEANS:
CROP: Soybeans
LAUNCH PLANS
Launch
OBJECTIVE: Roundup U.S. Full-Scale
RReady2Yield Launch Target:
P R O JE CT
5- 6M Acres
2008 STATUS
U.S. Controlled
• Consistent 7-11% yield Commercial
advantage with Roundup Release Target:
RReady2Yield 1- 2M Acres
• USDA, EPA and FDA
Grower level marketing, awareness and trial
approvals received;
awaiting key export
Licensee breeding
approvals
• Pre-launch activities Industry coordination and communications
under way • American Soybean Association and key agri-food
PRICING stakeholders
• Yield improvement shared Pursuit of export approvals in Japan, China,
with grower; average 5 Europe and Mexico
year soybean commodity
Branded and licensed seed production
price approximately $6.40
2007 2008 2009 2010
per bushel1
6
1. Source: NASS, USDA data 2003 to August 2007
7. SOYBEANS
Upgrade to Roundup RReady2Yield Expected More than
Compensate for Competitive Offerings
U.S. SOYBEAN SEED AND TRAITS GROSS PROFIT BY CHANNEL
INDEX=2004
2004 2007 2012F
>2X
OVER 2004 INDEX
Trait licensing outside
Holden’s/Corn States
7
8. SOYBEANS
Roundup Ready Soybeans Well Established in U.S.;
Brazil Mirroring U.S. Penetration Curve
CROP: Soybeans
ROUNDUP READY SOYBEANS:
Grow
PENETRATION AS PERCENT OF OPPORTUNITY
Roundup
OBJECTIVE: Ready
penetration 120%
in Brazil
2008 STATUS 100%
• Brazil Roundup Ready 80%
soybean penetration
currently at 50% of 60%
opportunity
40% 50% penetration in
2012 OUTLOOK
Brazil consistent
with U.S. trend in
20%
• Potential to penetrate
year four
95% of the acres in
0%
Brazil at peak,
establishing footprint '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07
for transition to insect- U.S. Roundup Ready soybeans
U.S. Roundup Ready soybeans
protected Roundup Brazil Roundup Ready soybeans
Brazil Roundup Ready soybeans
RReady2Yield soybeans
8
9. SOYBEANS
Insect-Protected Soybeans in Development for Heavily Infested
Latin America Market
KEY MARKET ACRES BRAZIL
AVAILABLE MARKET 50-60M
Insect-Protected Soybeans PERCENT PENETRATED 0%
LEPIDOPTERAN
CROP: Soybeans
INSECT
Launch insect- INFESTATION
OBJECTIVE: protected
soybeans
BRAZIL LOW HIGH
2008 STATUS
• Insect-protected soybeans
in Phase III of development INA
• Roundup RReady2Yield BENEFITS ACREAGE
OPPORTUNITY
NT
testing in tropical
INSECT-
germplasm
GE
• 4%+ yield increase vs. 50-60M acres
PROTECTED insecticide-treated infested with
2012 OUTLOOK
AR
SOYBEANS soybeans lepidopteran
insects in
• Growers currently
• Plan to launch as stack in
Brazil
spray twice per season,
Brazil
at cost of $5.70/acre for
insecticide and one
application1
ROUNDUP • 7-11% yield increase in 50-60M acres
RREADY2YIELD U.S. germplasm; in Brazil
tropical germplasm
testing in progress
9
1. Source: Kleffmann AMIS for insecticide cost and FNP Agrianual 2007 for spraying cost
10. SOYBEANS
Vistive III Builds Off of Vistive Low-Lin Base with
Improved Oil Profile
SATS
OLEIC
LINOLEIC
LINOLENIC
18:0 / 16:0
CROP: 18:1
18:2
18:3
Soybeans
Standard Soybean
Launch
OBJECTIVE:
Vistive III Target: Vistive III
2008 STATUS
• Vistive III in Phase II; lead
event continues to meet
product composition
RETAIL
targets
OIL 2007 ACREAGE VALUE/
PROFILE BENEFITS STATUS OPPORTUNITY ACRE
P R O JE CT
• Strong food company
demand Vistive Low • < 3% 1.5M •4-5M <$10
• Vistive low-lin planted on linolenic linolenic, planted •U.S. only
zero trans-fat acres in
1.5M acres in 2007
label U.S.
2012 OUTLOOK
Vistive III •Low •Composition Phase II •5-30M >$10 -
• Vistive III being prepared linolenic target of olive <$30
•U.S. only
for launch in channel oil; 55-75%
•Increased
oleic, <7%
created by Vistive low-lin oleic
saturates
•Low
• Bifurcation of soybean
•60% reduction
saturates
market: U.S. serves high- in saturated
value oil market; South fat and
America, greater transfat
commodity needs
10
11. SOYBEANS
Soybean Value Upgraded with Roundup RReady2Yield,
Modified Oil Traits and Insect Protection
SOYBEAN UPGRADE UNDER WAY;
CROP: Soybeans
MARKET SEGMENTATION BY MID NEXT DECADE
Growth via
OBJECTIVE:
new traits MODIFIED OIL U.S. SOYBEAN VALUE
MARKET
TRAITS
2008 STATUS
COMPETITIVE • Roundup • $13+/acre for
• Roundup Ready
PLATFORM RReady2Yield Roundup
soybeans at 95% in market for tolerance
ROUNDUP
penetration in U.S., 2+ years plus 7-11%
RREADY2YIELD
50% in Brazil yield
• Vistive III and
other modified • Oil premium
• Roundup
oil traits being
RReady2Yield
U.S. SOYBEANS: launched
approved by USDA,
60-70M ACRE MARKET ROUNDUP
EPA and FDA; key
RREADY2YIELD AND
export approvals INSECT PROTECTED
pending BRAZIL SOYBEAN VALUE
MARKET
2012 OUTLOOK
• Insect-protected •$2.50-$3.00+
• Five trait stacks in
ROUNDUP READY
Roundup per acre for
soybeans feasible,
RReady2Yield Roundup
with Roundup being launched tolerance plus
RReady2Yield as base 7-11% yield
BRAZIL SOYBEANS:
trait for all •Insecticide
50-60M ACRE MARKET
replacement
11
12. SOYBEANS
Relative Contribution of U.S. and Ex-U.S. Should Be
Consistent in Growing Soybean Seed and Trait Business
GLOBAL SOYBEAN SEED AND TRAITS GROSS PROFIT BY GEOGRAPHY
INDEX=2004
2004 2007 2012F
>2X
OVER 2004 INDEX
BRAZIL
BRAZIL ROUNDUP ROUNDUP
ROUNDUP READY
READY SOYBEAN RREADY2YIELD
SOYBEAN AT 50%
LAUNCHED IN PLANTED 2009/2010 IN
PENETRATION IN
2004 U.S.; BRAZIL
2007 ROUNDUP READY
U.S. SOYBEAN FULLY
PENETRATED
INTERNATIONAL
12
13. COTTON
Cotton Contributes to Doubling of Gross Profit via Breeding
Investment and Conversion to Second-Generation Traits
2012 GROWTH RANGE
MONSANTO GROSS PROFIT
GROWTH TARGETS Gross profit targeted to double
from 2007 through 2012
$9,000
STRATEGIC PLAYBOOK
$8,000
Cotton Platform
$7,000
1. Apply breeding technology
$6,000 to diverse Delta and Pine
GROSS PROFIT
(IN MILLIONS)
Land germplasm to restore
$5,000
cotton seed share
$4,000 2. Drive conversion to second-
generation cotton
$3,000 technology in the U.S.
$2,000 3. Drive conversion to second-
generation technology in
$1,000 India
$0
2004 2007 2012
MILESTONES
2010
2007
Gross margin
Base Gross Profit:
target: 52-54%
$4,286M
ONGOING EPS GROWTH:
MID-TO-HIGH TEENS
13
14. COTTON
Delta and Pine Land Share Loss in 2007 Reinforces Need
for Reinvigorated Cotton Breeding Program
DELTA AND PINE LAND U.S. COTTON SEED SHARE1
CROP: Cotton
Restore
100%
branded
OBJECTIVE:
cotton 90%
(PLANTED ACRE BASIS)
seed share
80%
2008 STATUS
MARKET SHARE
70%
• Delta and Pine Land 60%
lost 9 share points in
50%
2007
40%
• Delta and Pine Land’s
30%
portfolio only 17%
second-generation 20%
traits compared with
10%
industry average of
0%
41% in 20072
2012 OUTLOOK
2003 2004 2005 2006 2007
• Cotton seed share
restored to 2006 levels
1. Source: dmrkynetec – cotton seed study – planted acre basis for new certified seed
2. Second-generation trait penetration reflects percent of commercial portfolio containing either Roundup
Ready Flex, Bollgard II or both traits.
14
15. COTTON
Delta and Pine Land’s Global Breeding Strategy Focused on
Yield and Fiber Improvement
Breeding Programs
Testing Programs
Greece
U.S. (9) Winter Nurseries
India
Costa Rica
(3)
Brazil Australia
South
Africa
GLOBAL COTTON BREEDING STRATEGY
RESOURCES CAPABILITIES OUTLOOK
• ‘Jumpstart’ of up to 3 years over
• World’s largest private cotton • Focus on drought, fiber
corn in 1990s with established
breeding program quality, lint yield and disease
infrastructure resistance
• Strategically located in
• Labs, IT and markers are ready • Novel targets: Diverse
pivotal cotton areas
to go; “plug-and-play” germplasm base can lead to
• All lines feed into global
opportunity new genetic pairings that
testing and introgression
• Largest marker collection in the greatly benefit farmers
program
world
15
16. COTTON
U.S. Cotton Trait Acres Shift with Total Planted Cotton
Acres; Opportunity to Upgrade to Second-Generation
U.S. COTTON TRAIT ACRES
(PERCENT OF TOTAL PLANTED ACRES)
CROP: Cotton 25 100%
Second-
ABSOLUTE2 TRAIT ACRES
OBJECTIVE: generation
20
technology 75%
2008 STATUS M ACRES
15
• Nearly 80% of the U.S.
50%
planted cotton acres
contained at least one 10
Monsanto trait in 2007
25%
• Delta and Pine Land’s
5
portfolio was only 17%
second-generation1 traits
0
compared with industry 0%
average of 41%
2003 2004 2005 2006 2007
2012 OUTLOOK
ROUNDUP READY BOLLGARD
• Delta and Pine Land’s
portfolio fully converted
ROUNDUP READY FLEX BOLLGARD II
to second-generation
traits in all U.S. 1. Second-generation trait penetration reflects percent of commercial portfolio containing either Roundup
Ready Flex, Bollgard II or both traits.
segments 2. Absolute trait acres represents the total number of acres with at least one trait; two traits on one acre one
absolute acre
16
17. COTTON
Planned Upgrade to Second-Generation Cotton Technology
in U.S. Focused on Southern Markets
46% ROUNDUP READY
CROP: Cotton
FLEX
Second- 15% BOLLGARD II /
OBJECTIVE: generation ROUNDUP READY FLEX
technology
48% BOLLGARD II /
2008 STATUS
ROUNDUP READY FLEX
• Southern Delta region
lags at 15% average
penetration for second-
generation traits
2012 OUTLOOK
FOCUS ON SHIFTING SOUTHERN
• Aggressive breeding
DELTA TRAITED ACRES FROM 15%
strategy to fully convert
SECOND-GENERATION TO 100% BY
to Bollgard II by start of
2012
2010 growing season;
fully converted to U.S. COTTON SEED BRAND SHARE - 20071
Roundup Ready Flex
TOTAL
by 2012
46% 17% 45% 86%
DELTA AND PINE
LAND
17
1. Source: dmrkynetec – cotton seed study – planted acre basis for new certified seed
18. COTTON
Bollgard Cotton Penetration in India Nearly Doubles in 2007;
Creates Platform for Second-Generation Traits
CROP: Cotton
BOLLGARD & BOLLGARD II COTTON IN INDIA
Second- M ACRES
OBJECTIVE: generation
technology
2008 STATUS 25
• Hybrid market now
15-20M
20
estimated to be 15-20 BOLLGARD II BOLLGARD
million acres in India
2012 OUTLOOK 15
M ACRES
• Expect market in India
to be fully converted to
10
Bollgard II by 2012
5
2007 RETAIL PRICE/ACRE
0
SEED & TRAIT
2004 2005 2007
2006 2012
BOLLGARD BOLLGARD II
OPPORTUNITY
$ 18 $22
18
19. COTTON
Launch of Roundup Ready Flex in India Would Further
Improve Grower Profitability
ROUNDUP READY FLEX OPPORTUNITY IN INDIA
CROP: Cotton
ROUNDUP READY
25
BOLLGARD FLEX/BOLLGARD II
Launch
Roundup
OBJECTIVE:
20 BOLLGARD II
Ready Flex
15-20M
in India
M ACRES
2008 STATUS 15
• Roundup Ready Flex
10
currently launched in
the U.S. and Australia
5
• Approval pending in
India; will only be
offered as stack with
0
Bollgard II
2007 AT LAUNCH
2012 OUTLOOK
OPPORTUNITY
• Roundup Ready Flex
ROUNDUP READY FLEX TECHNOLOGY
has fit on all 15-20M
ACRE
hybrid cotton acres in 15-20M acres
OPPORTUNITY
India; allows India to
leapfrog to second- • Reduces labor costs associated with hand weeding
EXPECTED
generation technology • Reduces fuel associated with mechanical harrowing
BENEFITS • Replacement cost for herbicides used by some growers:
~$10/acre
19
20. COTTON
Second-Generation Trait Conversion Accelerates Globally to
Expand Gross Profit Contribution of Cotton
GLOBAL COTTON SEED AND TRAITS GROSS PROFIT
INDEX=2007
2012F
2007
1.8X
OVER 2007 INDEX
• In five years, Delta and Pine Land fully contributing with
U.S. market share and second-generation trait growth
• India becomes a larger player with conversion to second
INTERNATIONAL generation traits
• Australia and Brazil are small acre, but important markets
20
21. OVERVIEW
Given Growth Opportunities, Monsanto Has Potential to More
Than Double Gross Profit Over the Next Five Years
2012 GROWTH RANGE
MONSANTO GROSS PROFIT
GROWTH TARGET Gross profit targeted to double
from 2007 through 2012
$9,000
STRATEGIC PLAYBOOK
$8,000
All growth is organic, from
$7,000 base business and pipeline
GROSS PROFIT
(IN MILLIONS)
$6,000 U.S. Corn
International Corn
$5,000 Soybeans
Cotton
$4,000
Seminis
$3,000 R&D Pipeline
Acquisitions to be pursued,
$2,000
but are not included in this
$1,000 growth projection
$0 Earnings continue to translate
into operating cash, and value
2004 2007 2012
MILESTONES
created for shareowners
2010
2007 through combination of
Gross margin
Base Gross Profit: acquisitions, share
target: 52-54%
$4,286M repurchases and dividends
ONGOING EPS GROWTH:
MID-TO-HIGH TEENS
21