you, Thank Pierre.
Slide some in revenue it by of to is as our that margins rest second has the regions of X. world. to key We we the be Turning reviewed year. It markets in It thought our America, region would since of with since depth. with time line the start one and in Latin largest annual been appropriate is our half the
country Over and the the crop you well our as next business few walk as exposure, will highlight minutes I through diversity.
of growth than drivers and strategies will I margins coming five for review are explain all, of key as ago region. in our And market go-to-market had this the the well our factors we years. higher addition, much last driving In that years as discuss some shares
annual million by increased market we share over the delivering we In grown Mexico period. the over of only have our $XXX sub X% the revenue In our million with have grown Latin revenue. same $XXX is region years, North vast few that market our was approximately past as to American the business to majority double-digits X%, approximately a that
generally retail through to and distribution local is route Our market companies.
a the corn Europe. protection US leader sell in a help position products leading in several to the markets, and market We the be fruits crop that will presence market we innovative market but vegetables, full crop specialty our protect exported and have Mexico, have are insecticides. and in we range We products where strong in of
the growing Our complemented business health by a business, portfolio of represents particularly our plant is country. also which approximately in X% biologicals,
bananas. also America, as sales Our work Central crops distributors in team such specialty supports our we in countries all Mexican for with into where organization
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than bananas, is rice on crops less specialty which flowers, a share including market, of have of and a We variety this X% mainly avocados. focused
Our new which and from growth our exposure. we're reach is grow relationships, distributor improving coming
region and Argentina, Chile, from sub million approximately Cone South Bolivia we the to where Paraguay, $XXX revenue of Turning have Uruguay.
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we've undertaken partnership the distribution three sells from retail and a Over major to to subsidiary the last transformation distribution years, wholly-owned now, companies. multiple a exclusive business an that of moving
sales and the Today, all our of are the present areas major production technical country. representatives in
brand the country. growth Authority are market-leading Our continue resistance show as and strong to across pre-emergent glyphosate herbicides builds
broad fungicides of a sell these into also We markets. and insecticides range
a Our few used growing the large transitioned to for crops, market is on with US, crops. years. Chilean country to key we past the distributors, the vegetable Chile and wine is few such corn, sunflower, to are over a products Similar successfully specialty to fruit national partner access an have also and the as the model important wheat segment.
plans. Finally, extremely from an remains XX% about Represents country important total to of to Brazil, perspective. sales company our our revenue our growth a long-term and largest XX%
was decades X% commercial $XX.X XXXX. which have market Brazil approximately covering billion We've all major a in regions. about We for had the share, direct in presence
agronomists. on Today, employees growers partnering help focus find in country, generation, with directly demand with are solutions the which we both have XXX growers to retailers approximately and for of their by XXX agronomists These problems.
positions markets, either through serve directly and and sugar We and have mills growers or in alliances the cotton and sugarcane leading cooperatives.
coffee rice, the also three citrus, one of are players tobacco. We and top in
market growing segments. we become soybeans access, fastest As corn our we have expand our and seen
multiple in Brazil. these access This access enables developed have mainly large Cerrado Goias. markets We growers routes large area yet Mato direct to sales Grosso fragmented to the in very and the
crops, started We virtually but co-op south relationships regional into are relationships coffee wheat the retailers the expanding sugar long cooperatives. also very important corn, for all throughout lasting These and serving have partnerships country area. our leading Cerrado the growth. soybean, also with They the in with are and
for new season. market the we a market XXXX As particularly, pipeline, in recently launches and bionematicides launched share in we've advance row sugarcane are of the for for quickly also leading of has especially since biological segment, future our initiatives, the taken it coffee, also substantial crops. most player And our products was we access paved in out way finally, growing
Presence Presence crops bionematicide same permanent crops, furrow grown has provide and fast bionematicide in of was launched and annual seed both Combined the broad in synthetic chemistries. and and treatment older very Quartzo row nematode range treatment control time and applications crops soybean completely on as cover seed at a replacing in cotton. a
have growing biological opportunities. growth a new will further We of that products pipeline allow
Turning to Slide XX.
the breadth left in from we see business the revenue in $X page coverage billion The XXXX. is region. $XXX that $X.X grow in to can by across American upper FMC's expected You on map highlights Latin have in the million table the approximately this of billion XXXX about to
FMC company we ago, particularly we few leader in than believe are since market in Latin to a Brazil being larger challenges, address in structural we were the way much we a XXXX. America addition In market a years proactively
business outperformance disciplined practices Our to continue FMC in are the to region. driving and position thrive our
As and to XXXX raise in position to better four business recall, to Brazil in we profitability. may broad you the XXXX actions took our
our at reduced to and base business our time. better conditions market cost restructured we First, match the
Second, in more mainly collection. sales became cash sales with our terms we process, and disciplined
amount of dramatically able value we from to These in performance reduced products actions FMC distribution selling of And improve business , channels. we low only returns. fourth the FMC acceptable was in beginning financial eliminated products significantly sales our achieve the Third, the portfolio, products XXXX. where of the
significant why to you this we acquisition from access pipeline, our continue benefits customer you came in confident the enhancements in potential portfolio can grow capabilities are R&D that the When a layer with recent to to about region. to deeper understand and
can be of Latin volatile As you in America currencies. region markets terms know, a and
monthly business to several mitigate Borrowing to practical place levers local at Brazil exposures. on to a in channel it implementing currency keep put proactive lead ensure basis have tracking program is inventory a we These in a risk reduce However, diligently sustainable. to our hedging growth Brazil. FX include level, currency in low in
process to credit finally, to risk. American regions. building be and to arrangement of margins and currency these a customers mitigate specialist volatility, of worthiness team comparable to to barter create sales with react necessary. Robust utilizing And potential to quickly earnings in collection factors to All local pricing business collateral when credit Latin limit assess margins our more helped a other
turn I'll now the call over to Andrew.
