Reporte Anula Monsanto 2012

m o n sa n t o 20 1 2 a n n u a l r e po rt

The path to a more sustainable future is neither simple nor straight. At Monsanto, we believe our job is to connect the dots between needs and solutions, between possibility and reality, between today and tomorrow. We ask: What’s next? And what we hear in return is not one answer. It’s hundreds of ideas, waiting to be connected.

201 2 fi n a ncial h ig h li g hts

(in millions, except per share amounts)

Years ended Aug. 31

2012

2011

2010

% Change 2012 vs. 2011

Operating Results
Net Sales EBIT
1

$ 13,504 $ 3,047 $ 2,045
2

$ 11,822 $ 2,387 $ $ 1,607 2.96

$ 10,483 $ 1,568 $ 1,096 $ 1.99

14% 28% 27% 28%

Net Income Attributable to Monsanto Company Diluted Earnings per Share

$

3.79

Other SelectedData
Free Cash Flow 3 Capital Expenditures Depreciation and Amortization Diluted Shares Outstanding 2 $ $ $ 2,017 646 622 540.2 $ $ $ 1,839 540 613 542.4 $ $ $ 564 755 602 550.8 10% 20% 1% 0%

Net Sales
In billions of dollars, for years ended Aug. 31

Earnings per Share(2)
In dollars, for years ended Aug. 31

Free Cash Flow(3)
In billions of dollars, for years ended Aug. 31

2011$11.82

2011
as reported

$2.96 $2.96
ongoing

2012
as reported

2011
$1.84

2012
$13.50

$3.79 $3.70
ongoing

2012
$2.02

2010
$10.48

2010
as reported

$1.99
ongoing

$2.39

2010
$0.56

See page 4 for Notes to 2012 Financial Highlights and Charts.

d ea r s h a r eown ers

We live in interesting times. As the world becomes smaller, it has become easier thanever to see the ways in which we are all interconnected —through our needs, our resources and our reliance on a healthy planet. These connections aren’t new. But they require a new mindset to appreciate how we can best preserve, nurture and expand them.
Wherever a farmer grows a crop, despite differences in geography and circumstance, commonalities exist. Seed, soil, water, nutrients. These arethe necessities of any farmer, the points that connect them. The tools may look different around the world, but the desired result is the same: a strong year for the grower, an exceptional harvest. This is our desired result, too. Even in a challenging year as we saw unprecedented weather in geographies around the world that underscored the need to produce more while conserving resources, weachieved strong results for our customers and our business. You see, there is an inherent connection here as well—our business is only as strong as that of our farmer customers. As you invest in us, we invest in developing new technologies for growers. And I believe there is no better investment than our farmers. This year, farmers around the world continued to recognize the benefits of Monsanto’stechnology, spurring share growth in key crops and markets and propelling us to 25 percent ongoing earnings per share growth. During this time, we have been recognized by leading third-party organizations as an employer of choice, a leader in innovation and an environmental steward. That sets the foundation for the future as well. New connections are occurring and with them new opportunities for growthemerging. This year, we added two areas to our pipeline that focus on connecting our breeding powerhouse with agronomic solutions: Integrated Farming Systems and agricultural biologicals. Through both, we’re leveraging the power of our investment and expertise in genomics to deliver better yield to farmers. By treating agriculture as a system, we’re finding new ways to work with farmers toproduce more while conserving more of our natural resources. We believe there is no difference between smart agriculture and smart business. Achieving both is the only way to ensure our company and our planet are in step with the future. As you invest in our business, you are also investing in the future of agriculture. It’s a future that will be more innovative, more integrated and more collaborative...