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Key Earnings Sensitivities
February 20, 2008 (except where otherwise noted) The information in the key earnings sensitivities section of our website is reproduced from the company's Financial Review Annual Report for 2007 and speaks solely as of February 20, 2008. The company has not updated or revised the information as a result of new information, events or otherwise, and the reproduction of this information on the company's website should in no way be read as a confirmation that the information as of February 20, 2008 remains accurate. A number of factors affect the earnings of the company's three nutrient segments. The table below shows the key factors and their approximate effect on EPS based on the assumptions used in the 2008 earnings guidance provided January 24, 2008 of $6.25 to $7.25 per share.
The above sensitivities affect cash flow as well, except the translation gain/loss which is primarily non-cash.
This document contains forward-looking statements. These
statements can be identified by expressions of belief, expectation or
intention, as well as those statements that are not historical fact.
These statements are based on certain factors and assumptions as set
forth in this document/release, including foreign exchange rates,
expected growth, results of operations, performance, businesses
prospects and opportunities and effective income tax rates. While the
company considers these factors and assumptions to be reasonable based
on information currently available, they may prove to be incorrect. A
number of factors could cause actual results to differ materially from
those in the forward-looking statements, including, but not limited to:
fluctuations in supply and demand in fertilizer, sulfur, transportation
and petrochemical markets; changes in competitive pressures, including
pricing pressures; the results of negotiations with China and India;
timing and amount of capital expenditures; risks associated with
natural gas and other hedging activities; changes in capital markets
and corresponding effects on the company's investments; changes in
currency and exchange rates; unexpected geological or environmental
conditions, including water inflow; strikes or other forms of work
stoppage or slowdowns; changes in, and the effects of, government
policy and regulations; and earnings, exchange rates and the decisions
of taxing authorities, all of which could affect our effective tax
rates. Additional risks and uncertainties can be found in our Form 10-K
for the fiscal year ended December 31, 2007 under the captions
"Forward-Looking Statements" and "Item 1A - Risk Factors" and in
filings with the U.S. Securities and Exchange Commission and the
Canadian provincial securities commissions. Forward-looking statements
are given only as at the date of this document/release and the company
disclaims any obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.
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