profile( all figures in US $, except where noted )Agrium is a major distributor of crop inputs and services inNorth America, South America and Australia, and a leadingglobal producer and marketer of agricultural nutrients. Weproduce and market the three primary nutrients: nitrogen,phosphate and potash, as well as ammonium sulphate,and controlled-release fertilizers. A key differentiator ofAgrium is that we are the only publicly traded company thatcrosses the agricultural inputs supply chain. This meansthat our focus on growth begins in our manufacturingfacilities and extends to the fields where our customers useour products. Agrium has approximately 144 million sharesoutstanding and a market capitalization of approximatelyUS$16.4 billion (as of February 24, <strong>2015</strong>). Agrium employsapproximately 15,500 people globally who are dedicated toachieving our vision of being the world’s leading provider ofagricultural inputs and services.Agrium has two complimentary business units whichoperate across the agricultural input value chain:We operate the largest global direct-to-grower agriculturalretail operation with product offerings in seed, cropprotection, crop nutrient products, merchandise, andagronomic services. As of December <strong>2014</strong>, Agrium hadover 1,450 retail facilities globally. Our acquisition of aportion of Viterra’s Agri-products business in late 2013added over 200 locations in Canada.We manufacture, market and distribute crop nutrients suchas nitrogen, phosphates, and potash. We service our customersthrough a network of over 100 distribution warehouses,supplied by 15 wholly owned production facilitiesand 2 joint venture facilities strategically located worldwideOur strengths include a low cost in-market position, andthe ability to leverage our extensive retail distribution.— Our Mission —Feed the world.— Our Vision —To be the world's leading provider ofagricultural inputs and services.We operate a distribution network in Europe and have a26 percent equity interest in MISR Fertilizer ProductionCompany, S.A.E. (MOPCO) of Egypt. Our nitrogen facilityexpansion in Egypt, is on track for completion of two newproduction trains by the middle of <strong>2015</strong> which is expectedto add 1.3 MM tonnes of production capacity.We own a 50 percent stake in Profertil S.A., a Argentinebasedmanufacturer and wholesale distributor of nitrogenproducts while YPF S.A., a state-controlled oil and gascompany in Argentina, owns the other half. Debottleneckingwas competed in <strong>2014</strong> with commissioning and startupexpected to be completed in Q1 <strong>2015</strong>. This will increaseAgrium’s share of production by ~70,000 tonnes.We completed the tie-in of the brownfield expansion of ourVanscoy Potash Operations in Saskatchewan, Canada in<strong>2014</strong>, and we will be ramping up production to the full onemillion incremental tonnes over the next two and a halfyears. The expansion of our Borger, Texas nitrogen facilityis on-track to deliver 610,000 tonnes of additional annualurea production capacity by the end of <strong>2015</strong>.04Agrium FACT BOOK <strong>2015</strong>
historyAgrium was formed to facilitate the reorganization of thefertilizer division of Cominco Ltd. and the acquisition of thefertilizer assets of Alberta Energy Company in 1993. Agrium’sshares were first publicly listed on the Toronto StockExchange in 1993 and traded on the New York Stock Exchangeon October 4 th , 1996.Agrium established its agricultural Retail division throughthe acquisitions of Crop Production Services (CPS) in September1994 and Western Farm Service (WFS) in January1995. Also in 1995, Agrium established an internationalpresence in Argentina under the trade name AgroserviciosPampeanos S.A. (ASP). In 2006, Agrium continued to buildits retail franchise through the acquisition of Royster-Clark’sretail operations. Retail expansion continued in 2007 withthe acquisition of ADM’s 18 retail centers and 14 satellitesin Kansas and Oklahoma. In 2008, Agrium completed theacquisition of United Agri Products (UAP), the Company’slargest acquisition to date. This was a transforming transactionfor Agrium, as the acquisition further expanded ourretail presence in the United States, improved our earningsdiversification by increasing the profit contribution from ourRetail business unit and diversified Agrium’s product mixby increasing our sales in crop protection products (CPP).Upon completion of the acquisition of UAP, Agrium’s retailbranches in the United States increased from 489 locationsto 826. Agrium continued its Retail division growth withthe establishment of 65 retail outlets in Western Canadathrough a number of transactions in 2009 and 2010, theacquisition of 24 retail outlets in Argentina in July 2010, andour entry into Australia with the acquisition of AWB Limited’sLandmark business in December 2010. Most recently,in October 2013, Agrium acquired the majority of Viterra’sAgri-products business, which increased our Canadian Retailpresence by over 200 locations.In 1998, Agrium expanded into the Argentina market witha 50 percent ownership in Profertil S.A. with production inBahía Blanca, Argentina. In 2005, Agrium acquired the WesternCanadian fertilizer distribution assets from Imperial Oil.In 2008, Agrium acquired a 70 percent equity position inCommon Market Fertilizers S.A. (CMF), one of WesternEurope's largest fertilizer distribution companies; in April2010 the remaining 30 percent was also acquired and CMFbecame Agrium Europe.In 2008, Agrium entered into an agreement with MOPCOof Egypt, whereby MOPCO acquired the previous EAgriumproject, and EAgrium shareholders obtained a 26 percentequity interest in the combined entity. The combined entityincludes an existing 650,000 tonne urea facility. In late 2009,MOPCO secured financing for tripling the production of theexisting nitrogen facility.In <strong>2014</strong>, Agrium completed the tie-in of the brownfield expansionof the Vanscoy Potash Operations in Saskatchewan,Canada, and we will be ramping up production to the fullone million incremental tonnes over the next two and a halfyears. The 610,000 tonne urea expansion of our Borger,Texas nitrogen facility is scheduled to be completed by theend of <strong>2015</strong>.The growth of Agrium’s Wholesale business was initiatedwith the acquisition of Nu-West Industries, a phosphateproducer in Idaho in 1995. Agrium subsequently mergedwith Viridian in December 1996, substantially increasingthe size of the company. In 1997, Agrium announced thedevelopment of the phosphate rock reserve at Kapuskasing,Ontario to obtain a domestic rock supply for the Redwaterfacility. Production at the mine began in July 1999. In1998, Agrium also acquired a phosphate rock mine locatedclose to our Conda facility in Idaho to establish security ofsupply. Agrium acquired UNOCAL’s (Union Oil of California)agricultural products division in September of 2000.FACT BOOK <strong>2015</strong> Agrium 05