Yara International Asa · OSL:YAR

Yara International Asa — Shareholder Meeting (May 2022)

10 slides from Yara International Asa's shareholder meeting presentation, May 10, 2022

1. Slide 1: Yara International ASA Annual General Meeting

   Yara International ASA Annual General Meeting 10 May 2022

2. Slide 2: Our ambition is zero injuries

   Our ambition is zero injuries 5 TRI1 (12-month rolling) 4 People 3 2 1.1 1 0 1Q16 1Q22 1) Total Recordable Injuries per 1 million working hours 2

3. Slide 3: Robust Yara business model

   Robust Yara business model ROIC1 12M rolling 12.7% • Significant efforts to optimize operations amid supply disruptions and volatile market conditions 8.6 % • Focus on maintaining supply to customers and securing continuity in food supply chain 6.9 % • Overall margin improvement due to tight 4.1 % m

4. Slide 4: Flexible and resilient business model

   Flexible and resilient business model EBITDA ex. Special items1 (MUSD) Operational flexibility 1,346 Flexible production setup - Significant portion of fertilizer production with ammonia sourcing flexibility Diversified footprint - Unrivalled global optimization 585 ability, from ammonia through fin

5. Slide 5: Yara Improvement Program (YIP)

   Yara Improvement Program (YIP) Ammonia production1 Finished product production1 Ammonia energy consumption - Flat production as reliability issues in some - Increase driven by ramp-up of the Rio Grande - Slight progress mainly due to reliability sites offset improvements in other sites project in Br

6. Slide 6: Sustained top quartile employee engagement, and positive diversity & inclusion trend

   Sustained top quartile employee engagement, and positive diversity & inclusion trend Diversity & Inclusion Share of female Employee engagement1 index2 leaders3 Index Index Percent People 1 Measured annually. Employee engagement index is measured through a third-party survey, providing data-driven an

7. Slide 7: Extending our ambition: Growing a Nature-Positive Food Future

   Extending our ambition: Growing a Nature-Positive Food Future Climate neutrality Regenerative farming Prosperity Reduce our own emissions and Improve farming Improve farmer income and improve productivity at our production productivity and nutrient use efficiency sustainability sites (NUE) — — — Pos

8. Slide 8: Attractive Yara prospects

   Attractive Yara prospects Attractive opportunities Focused strategy Strong shareholder returns • Resource and environment • Crop nutrition leader; #1 premium • Strict capital discipline with clear challenges require strong agri product and market presence capital allocation policy productivity impro

9. Slide 9: Proposed dividend of 30 NOK per share

   Proposed dividend of 30 NOK per share Net Debt/EBITDA1 ex. special items Dividend and buy back per share2 2.5 • End 1Q net debt/EBITDA1 of 1.17 including proposed 867 MUSD dividend payment in May 1.7 • Continued strong focus on capital discipline in line Target range with capital allocation 1.4 1.4

10. Slide 10: Slide 10

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