Segments

PotashCorp numbers at a glance

#1 in global capacity
2010 Net Sales¹ — $2.7B, 45.3 percent of PotashCorp total
2010 Gross Margin — $1.8M, 68.4 percent of PotashCorp total
2010 Sales Volume by Region
2010 Sales Volume by Customer Type
¹Non-GAAP Financial Measures and Reconciliations

PotashCorp mines potash from underground deposits left behind by ancient evaporated seas. The world's largest deposits are in Saskatchewan.

As fertilizer — improves root strength and disease resistance; enhances taste, color and texture of food
As feed — aids animal growth and milk production
Used in industrial products (food products, soaps, water softeners)

Can substantially raise capacity at a significant discount to and in less time than comparable greenfield capacity
Low-cost, flexible production with small percentage of fixed costs when operating at close to capacity
Per-tonne fixed costs decrease as sales volumes increase
Existing operations have significant reserves and are located in geopolitically stable environments
Offshore investments add global reach and profitability
Depth and tested experience of management team
Substantial barriers to entry: economically mineable deposits are rare, capital costs are high and lead times are long
No known substitutes for potash

Strategies	Capability to Deliver	Risks	Mitigation
Match production to market demand to enhance stability	Of total potash operating costs, approximately 70 percent are variable when producing at close to operational capability	Lost production, higher per-tonne operating costs	Structure operations so majority of costs are variable, and production can be varied economically
Enhance potash position through brownfield projects and equity investments	Brownfield projects expected to increase our operational capability to 17.1 MMT by 2015 Canpotex and PotashCorp expanding distribution system capability	Potential for reduced prices if demand is insufficient to consume new capacity Short-term distribution problems could adversely affect sales	Pace internal growth to rising market demand, and match production to demand Work with partners to ensure adequate transportation infrastructure