Clearly, this move was an excellent way for Mosaic to geographically diversify its operations, supply chain, and cash flow generation. The unit also represents about 23% of the total annualized adjusted EBITDA that Mosaic generated in FY21. In other words, that translated to a 3x EBITDA purchase price based on just this year's worth of earnings. These results highlight the decisions we have made over the last decade that has strengthened the business." In 2021, Mosaic Fertilizantes was able to achieve its $200 million transformational EBITDA improvement target over a year ahead of schedule. In Brazil, Mosaic Fertilizantes generated adjusted EBITDA of $821 million, up 74% from the prior year as the team capitalized on strong demand, a trend that we expected and drove our decision to acquire Fertilizantes 4 years ago. įast forward to today, Mosaic management updated analysts and investors that the same Brazilian unit was now generating incredibly strong operating performance: While it did take some time to play out, Mosaic did eventually purchase the unit for a valuation of $2.5 billion. My argument for the purchase was that Mosaic was getting a good deal as the purchase price occurred at a time when fertilizer prices were cyclically weak.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |