Slide 1: OCI N.V. Investor Presentation
OCI N.V. Investor Presentation September 2017
Slide 2: OCI N.V. Investment Highlights
OCI N.V. Investment Highlights Positive outlook: step-up of operational cash flows and lower capex to result in improvement in FCF generation Iowa Fertilizer Company commenced production and sales in April Capacity Expansion Plan Natgasoline expected to start commissioning in December 2017 Neari
Slide 3: Global Positioning: OCI NV Overview
Global Positioning OCI NV Overview Fertilizers Chemicals Top 5 global nitrogen producer, with current sellable fertilizer Current methanol capacity of 1.4 mtpa growing to 3.7 mtpa following nameplate capacity of 9.6 mtpa1 the completion of Natgasoline and the refurbishment of BioMCN 2nd line (2.
Slide 4: Global Production Footprint
Global Production Footprint1) OCI Partners LP (OCI Beaumont) – TX, US BioMCN – Netherlands OCI Nitrogen – Netherlands2) Acquired: 2011 Acquired: 2015 Acquired: 2010 MLP: OCIP listed on NYSE 100% owned 100% owned in 2013, 79.88% owned Product ktpa Product ktpa Product ktpa Methanol (I) 49
Slide 5: New Capacity Additions 2017 - 2018
New Capacity Additions 2017 - 2018 Iowa Fertilizer Co (IFCo) Natgasoline BioMCN Completion date: World-scale greenfield methanol plant: Doubling capacity: – Started production and sales in April 2017 – 1.8 mtpa capacity in Beaumont, Texas – Refurbishment of mothballed second plant – Ammonia, U
Slide 6: Egyptian Operations Back to Normalized Run-Rates in 2017
Egyptian Operations Back to Normalized Run-Rates in 2017 The Egyptian Government completed its replacement jetty in Q2 EFC returned to full utilization in H1 2017 2017, allowing EBIC to resume exports in July 2017 Egyptian government remains committed to maintaining natural gas supply: In 2016, EB
Slide 7: Excess Free Cash Flow Prioritized for Deleveraging
Excess Free Cash Flow Prioritized for Deleveraging New Production Capacity to Drive Volumes (million mtpa)1) Step-up of operational cash flows from higher volumes: 13.8 +53% ‒ Start-up of new capacity 2017 and 2018 DEF ‒ Return to high utilization of ammonia operations in Egypt Melamine 9.0 in Jul
Slide 8: Methanol and Fertilizers Prices
Methanol and Fertilizers Prices Fertilizers Chemicals Current fertilizer benchmark prices are below historical mid-cycle prices, Methanol outlook remains favourable: amongst lowest prices reached since 2004 – Methanol prices in 2017 significantly higher than in 2016, driven by – Prices reached t
Slide 9: Multi-Year Lows Despite Recent Price Improvements; Gas Prices Remain Attractive
Multi-Year Lows Despite Recent Price Improvements; Gas Prices Remain Attractive Nitrogen fertilizer prices reached unsustainably multi-year Natural gas prices are at favourable levels and are low levels in June expected to remain low: Recent partial recovery in urea prices despite the usual ‒
Slide 10: Diversified Industrial Chemicals Portfolio Lends Support in Fertilizer Trough
Diversified Industrial Chemicals Portfolio Lends Support in Fertilizer Trough Expanded and diversified portfolio is capable of superior cash conversion and weathering trough conditions Sustained melamine and methanol industry performances as compared to fertilizers - Melamine high value added pr
Slide 11: Tightening Urea Global Supply – Demand Balance
Tightening Urea Global Supply – Demand Balance 5.5 Total estimated incremental supply outside China USA 4.5 4.3 estimated at c.9 mt 2017 – 2020, with key caveats: Egypt ‒ At nameplate capacity, unlikely to be achieved Demand trend growth ~3 mtpa New Urea 3.5 10 year historical CAGR ‒ Assuming no d
Slide 12: Robust and Growing Global Methanol Market
Robust and Growing Global Methanol Market 2016 Global demand was c.85 million tons Global Methanol New Capacity and Demand 2017 - 2020 ‒ 45% GDP-linked consumer and industrial products, 35% Company Plant / Location Capacity (k MT) Startup fuel / energy related and 20% methanol to olefins OCI N.V N
Slide 13: Appendix
Appendix OCI
Slide 14: Iowa Fertilizer Company | Aerial Site
Iowa Fertilizer Company | Aerial Site 14
Slide 15: Iowa Fertilizer Company | Production Mix & Capacity
Iowa Fertilizer Company | Production Mix & Capacity Maximum Selling Capacity DEF 990 tpd DEF sales 990 tpd (345 ktpy) Operating Capacity: 0%-100% NH3 Urea Synthesis Urea Gran. 2,667 tpd 2,420 tpd 1,320 tpd Urea sales (2,420 mtpd) 1 1,320 tpd Operating Capacity: Operating Capacity: Operating Capacity
Slide 16: Iowa Fertilizer Company | Site Location and Infrastructure
Iowa Fertilizer Company | Site Location and Infrastructure Site Network Project Location – Wever, IA Iowa Within 0.5 miles of 4- lane Highway US-61 BNSF main- line railroad is western border of IFCo Natural Gas Pipeline Mississippi River Additional 8 acres of land available for future barge facility
Slide 17: Natgasoline | Aerial Site
Natgasoline | Aerial Site OCI 17
Slide 18: Global Distribution Network
Global Distribution Network Global trading platform capable of moving more than 2 mtpa creates additional volume security and room to grow market share Global Distribution and Logistics Infrastructure Port access both east and west of Suez Canal Arzew and Bethouia (Algeria), Sokhna (Egypt), Rotter
Slide 19: Production Capacity Overview
Production Capacity Overview Max. Proven Capacities¹ Total Total ('000 metric tons) Fertilizer For Fertilizer & Sale Chemicals For Sale Plant Country Ownership2 Ammonia Ammonia Urea UAN4 CAN Methanol Melamine5 DEF Gross Net3 Egyptian Fertilizers Company Egypt 100% 876 - 1,648 - - 1,648 - - - 1,648 E
Slide 20: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS DOCUMENT IS NOT AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN
Slide 21: For OCI N.V. investor relations enquiries contact
For OCI N.V. investor relations enquiries contact: Hans Zayed hans.zayed@oci.nl T +31 (0) 6 18 25 13 67 OCI N.V. corporate website: www.oci.nl