3. OVERVIEW
Monsanto’s Growth Opportunity Lies at the Intersection of
Demand, Innovation and Execution
Monsanto’s Simple Philosophy on Opportunity:
More demand requires more YIELD
More yield requires more INNOVATION
More innovation delivers more GROWTH
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4. OVERVIEW
Five-Year Plan to Double Gross Profit by 2012 Centered On
More than Doubling Seeds and Traits Platform
2012 GROSS PROFIT TARGET
RELATIVE TO 2007 BASELINE
GROSS PROFIT OUTLOOK BY SEGMENT >2x
Total Gross Profit
2007-2012F
SEGMENT DETAIL
Roundup and Other
$10,000
Glyphosate-Based ~$1.8B
Herbicides
$8,000
Roughly flat
All Other Ag Productivity
at $350M
$6,000
>2x
Seeds & Genomics
2.5x
$4,000
GROWTH Corn Seeds & Traits
COMES FROM
Almost
SEEDS & Soybean Seeds &
$2,000
2x
TRAITS Traits
2x
Cotton Seeds & Traits
$0
2007 2008F 2012F >2x
2007 2008F 2012F
Vegetable Seeds
All Other Agricultural Productivity
Roundup and Other Glyphosate-based Herbicides
Seeds & Genomics
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5. 2008 PERFORMANCE
In 2008, Monsanto’s Corn Strategy Accelerated, Soybean
Platform Readied for Roundup Ready 2 Yield Launch
2008F
2007 2009F 2010F 2011F 2012F
CORN SOYBEANS
METRICS & MILESTONES METRICS & MILESTONES
For 2008, Corn Seeds & Traits gross profit For 2008, Soybean Seeds & Traits gross
profit is forecast to be up ~15%
is forecast to be up ~25%
SEED SHARE ROUNDUP READY 2 YIELD COMMERCIAL PREP
TARGET ACTUAL
825+
+2-3
+1-2 Seed production sites
U.S. DEKALB Share
+1-2 20+
Seed companies licensed for 2009
U.S. ASI Share
controlled commercial release
TRAIT GROWTH
REGULATORY MILESTONES
28M
25-27M
U.S. Triple-Stack Penetration
25 submissions in 17 countries
60%+
50%+
DEKALB and ASI Triple Mix
Planting approvals in U.S. and Canada
REGULATORY MILESTONES
Import approvals for Japan, Taiwan,
SmartStax U.S. EPA submission Philippines – recent approvals for Mexico
and Australia/ New Zealand
YieldGard VT PRO approvals for 2009 planting
in U.S. and Canada Positive scientific opinion from European
Food Safety Authority (EFSA)
YieldGard Corn Borer Brazil approval
Submission for import approval in China
YieldGard Corn Borer with Roundup Ready
Corn 2 approval in Argentina
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6. 2009 EXPECTATIONS
For 2009, Roundup Ready 2 Yield Rejuvenates Soybean
Platform, Corn Ramps Toward SmartStax Launch
2009F
2007 2008F 2010F 2011F 2012F
CORN SOYBEANS
METRICS & MILESTONES METRICS & MILESTONES
For 2009, Corn Seeds & Traits gross profit For 2009, Soybean Seeds & Traits gross
expected to grow 25-30% profit expected to grow >5%
U.S. acres projected to be 90M U.S. acres projected to decline to 70M
SEED SHARE ROUNDUP READY 2 YIELD CONTROLLED
TARGET
COMMERCIAL RELEASE
2+
U.S. DEKALB Share
1-2M
Commercial Acres
+1
U.S. ASI Share
PRICING
+1-2
International Share
$69-$72
Seamless price for Roundup Ready
TRAIT GROWTH 2 Yield seed (per acre)1
34-35M $49-$52
Seamless price for first-generation
U.S. Triple-Stack Penetration
Roundup Ready seed (per acre)1
65%+
DEKALB and ASI Triple Mix
REGULATORY MILESTONES
1-2M
Brazilian Launch: YieldGard Corn Borer
Import approval in China
1-1.5M
Argentinean Launch: YieldGard Corn
Borer with Roundup Ready Corn 2 1. Reflects seamless pricing to farmer, including trait value, germplasm value
and value provided by seed treatment
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7. SCHEDULE
Whistle Stop Tour Is Opportunity to Experience Technology
First-Hand In Field From Experts And Farmers
DAY ONE: SOYBEAN PLATFORM
FIELD TOURS
1:30 – 4:45 PM
PANEL DISCUSSION
5 PM
Hugh Grant, Robb Fraley and
Technology Leadership Team
COCKTAILS
6 PM
DINNER
6:30 PM
DAY TWO: CORN PLATFORM
BREAKFAST WITH
8 AM
FARMERS
FIELD TOURS
9:30 AM
CLOSING
12:30 PM
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