what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
3. Non-GAAP Financial Information
This presentation may use the non-GAAP financial measures of “free cash flow,” and earnings per share (EPS) on
an ongoing basis. We define free cash flow as the total of cash flows from operating activities and investing
activities. A non-GAAP EPS financial measure, which we refer to as on-going EPS, excludes certain after-tax items
that we do not consider part of ongoing operations, which are identified in the reconciliation. Our presentation of
non-GAAP financial measures is intended to supplement investors’ understanding of our operating performance.
These non-GAAP financial measures are not intended to replace net income (loss), cash flows, financial position, or
comprehensive income (loss), as determined in accordance with accounting principles generally accepted in the
United States. Furthermore, these non-GAAP financial measures may not be comparable to similar measures used
by other companies. The non-GAAP financial measures used in this presentation are reconciled to the most
directly comparable financial measures calculated and presented in accordance with GAAP, which can be found at
the end of this presentation.
3
4. OVERVIEW
With Opportunities in Hand, Monsanto Has Potential to More
Than Double 2007 Gross Profit Over Next Five Years
GROSS PROFIT OUTLOOK BY SEGMENT 2012 GROWTH RANGE
2007-2012F Gross profit targeted to more
>2X
than double from 2007 through
2012 including recent lift in
$10,000
Roundup to $1.8B gross profit
2007 BASELINE
STRATEGIC PLAYBOOK
$8,000
All growth is organic, from
IN MILLIONS
base business and pipeline
$6,000
U.S. Corn
International Corn
Soybeans
$4,000
Cotton
Vegetables
$2,000 R&D Pipeline
Earnings continue to translate
into operating cash
$0
2007 2008F 2012F
All Other Agricultural Productivity Increased in
Q2 2008 for
Roundup And Other Glyphosate-based
Herbicides new Roundup
Seeds & Genomics target
5. OVERVIEW
On Track to More Than Double Gross Profit From 2007 to 2012,
Growth Drivers Roll Out In Balanced Progression
GROSS PROFIT TARGET: • Yield & stress platform
R&D Pipeline DRIVERS:
NEAR $9B IN 2012 • Breakthrough platforms
• From 2007 baseline: $4.2B • Protected culture
Seminis DRIVERS:
• Molecular markers
• 2012 target increased by almost 10% in
Q2 2008 on incremental 2012 Roundup
• 2nd-gen trait acceleration
expectations
Cotton DRIVERS:
• Breeding inroads
• Roundup Ready 2 Yield platform
Soybean DRIVERS:
• Seed share growth
• Seed share growth
International Corn DRIVERS: • New trait approvals in LA
• Trait penetration and seed share growth
U.S. Corn DRIVERS: • SmartStax platform
2008 2009 2010 2011 2012
2012+
2011-2012
2009 2010
U.S. drought-
Delta and Pine
Roundup Ready 2 U.S. SmartStax
MILESTONES
tolerant corn launch
Land U.S.
Yield soybeans corn launch
portfolio
controlled
2012+
Large-scale converted to
commercial release
Stacked trait
Roundup Ready 2 second-
soybean launches,
First major selling Yield soybean generation stack
including dedicated
season for LA corn launch
product for Brazil
traits
Projected branded corn share gains globally
2008 to 2012
5
6. OVERVIEW
Strong Cash Position Gives Monsanto the Resources to
Extend Its Competitive Lead
MONSANTO’S FINANCIAL INDICATORS:
Cash Generation
OPERATING CASH AND ONGOING EPS – 2003 TO 2008F
Strong cash generation
$2,600 $3.50
allows Monsanto to invest to
Operating Cash
$2,400
extend its competitive lead:
$3.00
Cash from Operations
Ongoing EPS
$2,200
(in $ thousands)
Bolster direct returns to
Ongoing EPS
shareowners
$2.50
$2,000
Support commercial growth
through capital spending
$1,800 $2.00
Invest in future growth
$1,600
$1.50 through R&D
$1,400
Expand the core through
$1.00 strategic acquisitions
$1,200
$1,000 $0.50
2003 2004 2005 2006 2007 2008F
2008F
2003-2006
Monsanto operating
>$1B in Working Capital
cash guidance exceeds
reductions used to fund key
$2B, as net income
acquisitions like Seminis
grows
and ASI
6
7. OVERVIEW
Over Last Three Years, Use of Cash Focused on Areas That
Contribute to Growth and Return Value to Shareowners
USES OF CASH
CUMULATIVE: 2005-2007
SHARE REPURCHASES 9% OF CASH USED
• Initiated 4-year $800M share-repurchase program in October
$ in thousands
2005
$545
DIVIDENDS 11% OF CASH USED
• Increased dividends 3 times during this period, for a
cumulative increase of 106% $639
TECHNOLOGY SPENDING 5% OF CASH USED
$3,161
$266
• Nearly $150M spent to expand technology partnership
network
ACQUISITIONS 55% OF CASH USED
$1,160
• American Seeds, Inc. • Delta & Pine Land (2007)
(2004-2007) • Agroeste (2007)
• Seminis (2005)
CAPITAL SPENDING 20% OF CASH USED
• Beginning of 3-year, $610M plan to expand corn seed
production
7
8. RETURNING VALUE TO SHAREOWNERS
Newly Authorized Program Accelerates and Extends
Monsanto’s Share-Repurchase Initiative
MONSANTO ANNUAL SHARE REPURCHASE:
Share Repurchases
2003-2007
STATUS $300
• 54% through 4-year $800M
program begun in October $250
2005
• Focus areas in 2008:
$200
• In April, announced
$ in millions
acceleration of current
program and new 3-year
$150
$800M authorization
$100
$50
$0
2004 2005 2006 2007
2006 FORWARD
2004-2005
• 4-year $800M repurchase
3-year $500M repurchase
program initiated in October
program – completed early
2005
• 2008 Update: Accelerated
and added new program
8
9. RETURNING VALUE TO SHAREOWNERS
Monsanto’s Strong Earnings Growth Continues To Be
Reflected in Dividend Payout
MONSANTO QUARTERLY DIVIDENDS:
Dividends
2001-2007
STATUS
$0.20
• Since establishment in
$0.18
2001, Monsanto has
increased dividends 6 $0.16
times – an increase of 200
Per-Share Amounts1
percent $0.14
$0.12
$0.10
$0.08
$0.06
$0.04
$0.02
$0.00
Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08
2007
Monsanto increases quarterly dividend
twice in 12-month period
9
10. EXTENDING LEADERSHIP
Expanded Capital Spending Supports Growth Areas of Current
Commercial Business
MONSANTO CAPITAL SPENDING:
Capital Spending
2004-2007
STATUS
$1,000
• Capital Spending is being
$900
used to support growth
areas of the commercial $800
business – supporting
continued gross-profit $700
$ in thousands
growth
$600
• Focus areas in 2008:
• Global corn seed $500
production expansion to
support share growth in $400
DEKALB and ASI
• De-bottlenecking for $300
glyphosate production to
$200
increase volumes
$100
$0
2004 2005 2006 2007 2008F
2008F
Increased Capital Spending used to support
acceleration of corn-plant expansions and new
de-bottlenecking for glyphosate
1. Amounts for record dates from Jan. 1, 2001 – July 7, 2006 adjusted to allow comparison following Monsanto’s stock split
10
11. EXTENDING LEADERSHIP
Primary Capital Spending Use For Acceleration of Corn Plant
Expansions to Support DEKALB and ASI Share Growth
Capital Spending DEKALB AND ASI U.S. CORN SHARE EVOLUTION:
2001-2008F
STATUS
30%
• In June 2007, announced 3- DEKALB Brand Share – U.S.
year $610M plan to expand
25 - 26%
ASI Share – U.S.
and build seed facilities in 25%
the U.S.
• In 2008, plan has been 23%
20%
accelerated to reflect
20%
growth in DEKALB and ASI
15%
combined with continued
16%
growth expectations 10 - 11%
14%
9%
through 2012 13%
10% 12%
• Outlook to 2012: 10% 5%
• DEKALB to grow share
5% 4%
through 2012 by up to 10
points cumulatively from
2007 share of 23 percent
0%
• Continued organic share
2001 2002 2003 2004 2005 2006 2007 2008F
growth in ASI
2008F
Projecting 2-3% share gains for DEKALB
and 1-2% share gains for ASI
11
12. EXTENDING LEADERSHIP
De-Bottlenecking of Roundup Production Moving to Increase
Volumes to Meet Demand-Driven Opportunity
Capital Spending ROUNDUP AND OTHER GLYPHOSATE-BASED HERBICIDES:
BRANDED AND NON-BRANDED TRENDS – 2004-2008F
STATUS
300
• In April, announced 18- Branded
month $196M Non-Branded
de-bottlenecking plan
250
• Demand-driven
Global Volume (in gallons)
environment is sustainable,
with projection of $1.8B in 200
gross profit in 2012
• Factors:
150
• $16-$18 Branded price band
• Single-digit volume growth
• Increased capacity in
100
CY2009-2010 from Monsanto
• Branded Roundup quality
needed to service Roundup
Ready opportunity 50
0
2004 2005 2006 2007 2008F
GLOBAL VOLUME
209M 215M 235M 252M 262M
(GALLONS):
BRANDED PRICE BAND
$11-$13 $11-$13 $11-$13 >$11-$13 $16-$18
(PER GALLON):
TOTAL ROUNDUP AND ALL
$703M $637M $648M $854M $1.8B
OTHER GLYPHOSATE-BASED
HERBICIDES GROSS PROFIT:
12
13. EXTENDING TECHNOLOGY
Monsanto’s Significant, But Focused R&D Investment Helps
Extend Lead in Core Seeds-and-Traits Business
R&D MONSANTO’S R&D EXPENDITURES:
2004-2007
STATUS
• Monsanto spends more on $900 12%
seed and biotech R&D than
any other ag company $800
10%
R&D Spend (in $ millions)
• R&D is targeted at 10% of
R&D as Percent of Sales
$700
sales
• >90% of R&D spend is for $600 8%
seeds-and-traits, split
$500
roughly 50/50 between 6%
breeding and $400
biotechnology
$300 4%
• Outlook for 2008:
• R&D spend likely to be in $200
9% range given rapid 2%
uptick in revenue, still $100
greater than $850M
$0 0%
2004 2005 2006 2007
Monsanto’s R&D spending applies earnings
from established products like Roundup
herbicides to extend the company’s
leadership in the high-margin seeds-and-traits
segment
13
14. EXTENDING TECHNOLOGY
Additional Spending for Collaborations and Other Investments
Expand R&D Network
R&D TECHNOLOGY SPEND FOR SEEDS & TRAITS1:
COLLABORATIONS AND INVESTMENTS – 2004-2007
STATUS
$70
• Beyond pure R&D expense,
Monsanto also uses cash
for technology $60
collaborations and other
investments $50
• Monsanto has thousands
$ in millions
of research agreements, $40
licenses and collaborations
with universities, institutes $30
and other companies
$20
$10
$0
2004 2005 2006 2007
1. Reflects portion of “Technology and Other Investments” devoted to seed-and-trait programs; 2006 figure excludes a one-time $100M payment
made for patents for Monsanto’s Animal Agriculture business
14
15. EXTENDING TECHNOLOGY
R&D Engine Is Poised to Launch Average of One Game-
Changing Technology Every Other Year Through Mid-Decade
2008 2009 2010 2011 2012 TO MID-DECADE
HIT Project HIT Project
Nitrogen-Utilization
SmartStax
Roundup Ready Drought-Tolerant Corn Family
TECHNOLOGY: 2 Yield
Corn Family
Soybeans
• Resets trait • Resets trait platform • Value likely in • Targets ways to use
platform for in corn improved yield nitrogen more
PRODUCT
soybeans under stress and efficiently
CONCEPT:
potential for water
replacement
2020 COMMERCIAL
HIGH HIGH HIGH HIGH
VALUE1:
U.S. ACRE
40-50M 60-65M 55M 55M
OPPORTUNITY2:
• On track for • On track for 2010 • Lead product in • Lead product in
controlled launch Phase 3 testing Phase 1 testing
commercial release • Second-generation
in 2009 of 1-2M product in Phase 2
STATUS:
acres
• Full commercial
launch of 5-6M
acres in 2010
1. 2020 value reflects gross sales opportunity in launch country in year 2020; “HIGH” : $300-$500M
2. Acre opportunity reflects acres where technology fits at Monsanto's current 2007 market share in respective crops
15
16. EXTENDING TECHNOLOGY
Strong Pipeline Reflects Growing Innovation and Leadership;
Expected to Create Commercial Value of $>5B in 2020
DISCOVERY PHASE 1 PHASE 2 PHASE 3 PHASE 4
Drought-
HIGH Tolerant
FAMILY TRAITS►
Family
CORN:
COLLABORATION
YIELD & STRESS
Nitrogen-
BROAD-ACRE HIGH Utilization
FAMILY TRAITS►
YIELD Family
Broad-Acre,
MEGA Higher-Yielding
FAMILY TRAITS►
Family
SOYBEANS: Broad-Acre,
BROAD-ACRE HIGH Higher-Yielding
FAMILY TRAITS►
YIELD Family
2020 VALUE RANGES: Roundup
Bollgard III
Omega-3 Ready 2 Yield
soybeans soybeans
Roundup
MEGA HIGH Ready 2 Yield
canola
$300M-$500M
>$1BM Insect-protected
RR2Y soybeans
YieldGard VT PRO
corn
High-oil
MID LOW soybeans
<$150M
$150M-$300M Dicamba-tolerant
Improved-
soybeans
protein
Corn Soybeans Cotton Canola Vistive III soybeans
17. EXTENDING PLATFORMS
Recent Acquisitions Have Converted Cash From Roundup
Into Higher-Margin Seed Opportunities
INVESTMENT OPPORTUNITY
In an expanding agriculture environment, value is defined by scarcity or
innovation – Monsanto’s strategy is targeted on innovation: discovering and
developing technology that is game-changing
CATEGORY EXAMPLES OUTLOOK
► Delta and Pine Land • ASI and Delta and Pine Land
Intensify The Space
moving to integration
► American Seeds, Inc.
Strengthen position of the • Leading position in
(ASI) Companies protected-culture established
core business, largely by
► Agroeste (Brazil) in vegetables
building the germplasm
► De Ruiter Seeds • Continued opportunity for
footprint of seeds
add-on international corn and
(agreement signed)
vegetable seed companies
► Seminis • Continually looking for areas
Expand The Space
where Monsanto can apply
core technology quickly or
Expansion to adjacent spaces
benefit from advanced
– where core technology can
research
be applied quickly and with
transformational benefits
► Yield and Stress R&D • Most highly transformational,
Redefine The Space
but rarest to find appropriate
Collaboration with BASF
fit
Investments that rewrite the ► SmartStax agreement with
landscape, providing new Dow
avenues, new technologies
► Global Seed Treatment
and creating new markets
Alliances
17
18. EXTENDING PLATFORMS
Success of ASI Model Has Allowed Monsanto to Further Its
Momentum in the U.S. Corn Business
Acquisitions ASI GROSS PROFIT PER ACRE
STATUS
• Begun in November 2004, GP/acre increases
2
AVERAGE GROSS PROFIT/ACRE
ASI now stands at >20 85% after ASI Average
1.8
seed brands acquisition GP/acre in
1.85
• With technology support same band
1.6
as DEKALB
of Monsanto and local
1.4
(INDEXED)
touch of established
brands, ASI is poised to 1.2
grow 1-2 share points in
1
2008
1
0.8
0.6
0.4
0.2
0
POST-
PRE- DEKALB
ACQUISITION
ACQUISITION
• With technology infusion, gross profit per acre lifts when
seed company brought under ASI umbrella
19. EXTENDING PLATFORMS
De Ruiter Seeds Accelerates Monsanto Vegetable Seed
Capability and Reach, Bolstering Five-Year Growth Prospects
VALUE CREATION FOR VEGETABLE SEED PLATFORM:
STAGED OPPORTUNITIES FOR INCREASING GROSS PROFIT
VALUE CREATION OPPORTUNITY
New product launches;
use of molecular markers
Aggressively shift mix via protected culture and hybrid conversion
Identify and implement opportunities to capture full product value
Assemble genetic maps for key crops
Focus on operational excellence; working capital management
2007 2008 2009 2010 2011 2012
PIPELINE
OPERATIONAL EXCELLENCE NEW VALUE CREATION
ADVANCEMENT
~2010 2012
2007 Seeds1
De Ruiter accretive to Monsanto vegetable
Monsanto vegetable Monsanto vegetable seed EPS seeds projected to
seed sales top contribution in second full fiscal be >$1B in sales,
$600M in 2007; 7.5% year following closing mid-60s margin
top-line growth
2008 2012
De Ruiter Seeds Molecular marker platform
acquisition agreement begins transforming
Seminis and De Ruiter
announced1 – strengthens
portfolios
protected-culture portfolio
1. Subject to closing
19
20. SUMMARY
Growth Is Underpinned By Financial Discipline, Continued
Focus on Working Capital
MONSANTO WORKING CAPITAL:
Working Capital
2003-2007
STATUS
50%
Receivables as a percent of sales
• Even as business expands,
45% Inventory as a percent of sales
discipline has been
sustained on key working 40%
capital elements
35%
• 2007 Current Ratio – 1.65:1
Percent of Sales
• Focus in 2008: 30%
• Receivables as a percent
of sales: High teens 25%
• Inventories as a percent of
20%
sales: 20%
15%
10%
5%
0%
2003 2004 2005 2006 2007
2007
Receivables and Inventories as a percent of
sales decline to lowest point in Monsanto’s
existence
20
21. SUMMARY
Monsanto Using Strong Cash Backbone to Extend
Competitive Lead Through Innovation, Driving 2012 Growth
GROSS PROFIT OUTLOOK BY SEGMENT 2012 GROWTH RANGE
2007-2012F Gross profit targeted to more
>2X
than double from 2007 through
2012
$10,000
2007 BASELINE STRATEGIC PLAYBOOK
All growth is organic, from
$8,000
base business and pipeline
IN MILLIONS
U.S. Corn
$6,000
International Corn
Soybeans
Cotton
$4,000
Vegetables
R&D Pipeline
$2,000
Earnings continue to translate
into operating cash, and value
created for shareowners
$0
through combination of
2007 2008F 2012F acquisitions, share
repurchases and dividends
All Other Agricultural Productivity Increased in
Q2 2008 for
Roundup And Other Glyphosate-based
Herbicides new Roundup
Seeds & Genomics target
22. Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP EPS
Fiscal Year Fiscal Fiscal Year Fiscal Year Fiscal Year Fiscal Year
$ per share 2008 Year 2007 2006 2005 2004 2003
Net Income (Loss) per Share $3.38-$3.48 $1.79 $1.25 $0.47 $0.50 $0.13
Cumulative Effect of Change in Accounting Principle -- -- $0.01 -- -- $0.02
Diluted Earnings (Loss) per Share Before Effect of $3.38-$3.48 $1.79 $1.26 $0.47 $0.50 $0.15
Accounting Change
Solutia Claim Settlement ($0.23) -- -- -- -- --
Tax Charge on Repatriated Earnings -- -- $0.04 -- -- --
Seminis In-Process R&D -- -- -- $0.38 -- --
Solutia-Related Charge -- -- -- $0.32 -- --
Tax Benefit on Loss from European Wheat and -- -- -- $(0.19) -- --
Barley Business
Restructuring Charges -- Net -- -- -- $0.01 $0.18 $0.05
Operations 1
Loss (Income) on Discontinued -- ($0.13) -- $0.05 -- $0.03
Impairment of Goodwill -- -- -- -- $0.12 --
In-Process R & D Write-Off Related to the Delta & Pine -- $0.34 -- -- -- --
Land (D&PL) Acquisition
PCB Litigation Settlement Expense – Net -- -- -- -- -- $0.48
Diluted Earnings (Loss) per Share from Ongoing Business $3.15-$3.25 $2.00 $1.30 $1.04 $0.80 $0.71
Note: EPS figures reflect the stock split effective July 28, 2006
1. The operating results of Stoneville and Nexgen have been conformed to discontinued operations for all relevant years presented.
22