Yara International Asa · OSL:YAR

Yara International Asa — Shareholder Meeting (May 2024)

17 slides from Yara International Asa's shareholder meeting presentation, May 28, 2024

1. Slide 1: Annual General Meeting

   Annual General Meeting 28 May 2024

2. Slide 2: Our ambition is zero injuries

   Our ambition is zero injuries TRI1 (12-month rolling) 5.0 4.0 3.0 2.0 1.1 1.0 0.0 1Q16 4Q23 1) Total Recordable Injuries per 1 million working hours

3. Slide 3: 2023 results mainly reflect price decline from exceptional 2022-levels

   2023 results mainly reflect price decline from exceptional 2022-levels EBITDA ex. special items (MUSD)1 ROIC2 4,889 100 Price/margin: -5,350 Energy cost3:+2,333 Fixed costs: -137 3,017 1,712 3 63 2022 Volume/mix Margin Currency translation Other 2023 20.4% 8.1% 1) EBITDA ex. special items. For defin

4. Slide 4: Strong full-year cash flow, despite challenging market conditions

   Strong full-year cash flow, despite challenging market conditions 2023 cash from operations on same level as high-margin 2022 Free cash flow 3 of 1 BUSD in 2023 2022 2023 Free cash flow Operations Free cash flow adj. for Qafco and Salitre proceeds Qafco and Salitre proceeds 4,889 Investments (excl.

5. Slide 5: Yara Improvement Program (YIP)

   Yara Improvement Program (YIP) Ammonia production1 (mt) Finished product production1 (mt) GHG emission intensity (t CO2e/tN) Consistent performance across most assets offset a few turnaround Strong performance across several key sites in a more Stable GHG due to better reliability and fewer curtailm

6. Slide 6: Yara's ambition is to become climate neutral by 2050

   Yara’s ambition is to become climate neutral by 2050  Use HESQ 360 reporting system Update data gathering process to be aligned with PRO energy reporting N2O catalyst technology removed about 90% of the N2O emissions in GHG emissions intensity: 10% reduction of CO2 per tonne of N by 20251 our nitri

7. Slide 7: Reduced GHG emission intensity during 2023 following implementation of key projects

   Reduced GHG emission intensity during 2023 following implementation of key projects GHG emission intensity1,2 improvement continued in 2023 On track to achieve the 2025 target  Total project portfolio to reach the target: 90 -3% projects with an estimated investment of 200 MUSD 3.1 3.1 3.1 3.0  Ma

8. Slide 8: Sluiskil CCS approved in 2023 - A milestone for decarbonizing hard-to-abate industry in Europe

   Sluiskil CCS approved in 2023 - A milestone for decarbonizing hard-to-abate industry in Europe Sluiskil CO2 balance Sluiskil CCS project Million tons CO2e per annum, illustrative Important milestones 3.2  Milestone for decarbonizing hard-to-abate industry in Europe, based on the world’s first 0.9 c

9. Slide 9: Yara Clean Ammonia well positioned to become a key enabler of the energy transition

   Yara Clean Ammonia well positioned to become a key enabler of the energy transition • Significant demand potential from new ammonia applications as part of the energy transition • Yara’s leading midstream ammonia position represents a unique position to drive the transition forward • Yara aims to be

10. Slide 10: Leading the way in decarbonization of Yara's value chain

    Leading the way in decarbonization Yara’s value chain while participating in the development of new low carbon markets Yara Birkeland - the world’s first fully electric, autonomous, and zero- Yara Birkeland emission container ship  Adapting new technology and solutions to reduce environmental impac

11. Slide 11: Yara has an extensive portfolio of products and solutions for regenerative agriculture

    Yara has an extensive portfolio of products and solutions for regenerative agriculture Green & low-carbon Specialty products Digital solutions Higher crop yields and Support farmers in nitrates1: (biostimulants, foliars, improved nutrient use maximizing economic • Low-carbon fertilizers fertigation

12. Slide 12: AgTech tools and services

    AgTech tools and services Yara develops farming applications, hardware tools, advanced sensors, satellite technology and API solutions tailored to farmers’ local needs. In line with Yara’s mission to responsibly feed the world and protect the planet, Yara AgTech's portfolio of tools and services can

13. Slide 13: Agoro Carbon making carbon credits practical and profitable for farmers

    Agoro Carbon making carbon credits practical and profitable for farmers How the Agoro Carbon program works Progress and next steps Strong US footprint > 5 million tons of CO2e to be sequestered over 10 years from signed contracts with American farmers and ranchers 6 practice offerings Farms: Reduced

14. Slide 14: Our R&D and innovation efforts are supported by a worldwide network of research centres

    Our R&D and innovation efforts are supported by a worldwide network of research centres and universities 3 R&D centres and 32 demo centres in Europe Research on all sustainability dimension - soil, water, biodiversity, and climate with a focus on in field greenhouse gas emissions, innovate recommend

15. Slide 15: Yara and leading food companies collaborate to transform the food system

    Yara and leading food companies collaborate to transform the food system Yara partners with food companies to ensure proven and traceable carbon reductions at farm level through regenerative practices. We are committed to:

16. Slide 16: Yara is playing a leading role in tackling the food crisis and climate change

    Yara is playing a leading role in tackling the food crisis and climate change while enabling the energy transition Focused strategy Profitable growth Strong shareholder returns Resilient and flexible business model Building on Yara’s leading ammonia Strong capital discipline maintained – position to

17. Slide 17: 28 May 2024 - YARA AGM

    28 May 2024 - YARA AGM

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