Slide 1: OCI N.V. Investor Presentation
OCI N.V. Investor Presentation November 2016
Slide 2: OCI N.V. Overview
OCI N.V. Overview Summary Overview Leading global natural gas-based fertilizer & chemicals producer ‒ Production facilities in the United States, the Netherlands, Egypt and Algeria complemented by global distribution network ‒ Current total sellable fertilizer & chemical capacity of 8.4 million me
Slide 3: Asset Overview | 6 Operating Facilities in 4 Countries and 2 Under Construction
Asset Overview | 6 Operating Facilities in 4 Countries and 2 Under Construction OCI Partners LP (OCI Beaumont) – TX, US BioMCN – Netherlands OCI Nitrogen – Netherlands Acquired: 2011 Acquired: 2015 Acquired: 2010 MLP: OCIP listed on NYSE 100% owned 100% owned in 2013, 79.88% owned Produc
Slide 4: Ramp-up of Production Capacity 2016 - 2017
Ramp-up of Production Capacity 2016 - 2017 Design Capacities¹ Total Total Fertilizer & ('000 metric tons) Ammonia Fertilizer Chemicals Plant Country Ownership2 Gross Net3 Urea UAN4 CAN For Sale Methanol Melamine5 DEF For Sale Egyptian Fertilizers Company Egypt 100% 800 - 1,550 - - 1,550 - - - 1,550
Slide 5: Global Distribution Network
Global Distribution Network Global distribution network with strong presence in Europe and the Americas Majority of OCI sales direct to customers Sales to more than 35 countries Port access in Europe, US Gulf Coast, and North Africa Global warehousing capacity (ex. FITCO JV in Brazil) in e
Slide 6: OCI is One of the Lowest-Cost Producers Globally
OCI is One of the Lowest-Cost Producers Globally Natural Gas Spot Prices: Henry Hub and TTF (Netherlands) North American producers amongst lowest cost producers globally: 12 ‒ Forward curve suggests cost for natural gas will remain low 10 ‒ Several northern gas markets forecasted to trade at disco
Slide 7: Deleveraging 2017 - 2018
Deleveraging 2017 - 2018 Balance sheet strengthened, no short-term obligations: ‒ In November 2016, refinanced and upsized existing $550 million Revolving Credit Facility with $660 million Term Loan and Revolving Credit Facility maturing July 2020 ‒ In Q2 and Q3 2016, received cash proceeds in exc
Slide 8: Fertilizer Assets - Overview
Fertilizer Assets - Overview
Slide 9: Iowa Fertilizer Company Project Location – Wever, IA
Iowa Fertilizer Company Summary Overview Project Location – Wever, IA Iowa Fertilizer Company is a greenfield nitrogen fertilizer and industrial chemical production facility under construction in Wever, IA Highly strategic location in the heart of the corn belt EPC Contractor: Orascom Engineer
Slide 10: Site Location and Infrastructure
Site Location and Infrastructure Site Network Infrastructure and Transportation Location BNSF main-line railroad is western border of site Iowa Within ½ mile of 4 lane highway US-61 2 miles away from ANR’s interstate pipeline (connection has been built) 4-Lane Within 4 miles of the Mississip
Slide 11: Iowa Fertilizer Company – Aerial View
Iowa Fertilizer Company – Aerial View 11
Slide 12: Iowa Fertilizer Company – Aerial View
Iowa Fertilizer Company – Aerial View 12
Slide 13: Iowa Fertilizer Company - Favorable Location in US Midwest
Iowa Fertilizer Company - Favorable Location in US Midwest Iowa Fertilizer Company Benefits from Proximity to Mid Corn Belt Nitrogen Demand The Mid Corn Belt has the highest demand for nitrogen fertilizers in the US Iowa consumes the largest amount of nitrogen fertilizers in the US, followed clo
Slide 14: Midwest Price Premium over US Gulf Price
Midwest Price Premium over US Gulf Price Price premium for US Midwest FOB versus NOLA IFCo is positioned advantageously at the centre of the Mid Corn IFCo - All product can be sold within 200-mile range Belt and will have a substantial freight cost advantage over non- MINNESOTA Midwest and importe
Slide 15: Tightening Global Supply-Demand Balance, US Expected to Remain Import Market
Tightening Global Supply-Demand Balance, US Expected to Remain Import Market New capacity additions peaking, both globally and in US, expected to result in significant tightening of supply-demand balance: ‒ Majority of new nitrogen fertilizer expansions in the US announced since 2012 have been can
Slide 16: China Exports Declining, Costs Going Up
China Exports Declining, Costs Going Up Chinese urea exports declined 26% in 2016 YTD and 65% in China - urea local margins vs. export margins, Q1 2016 October Input costs (coal feedstock, electricity, transportation) are increasing: further pressure on exports Further export declines expected
Slide 17: North America Diesel Exhaust Fluid (DEF) Consumption
North America Diesel Exhaust Fluid (DEF) Consumption Historical and Base Case Forecast North America DEF Consumption by PADD (billion gallons 2013-2026) DEF consumption expected to continue to grow strongly in the period to 2026 as older non-SCR vehicles are replaced Following the introduction o
Slide 18: OCI Nitrogen (Netherlands) – Highly Competitive Position in Europe
OCI Nitrogen (Netherlands) – Highly Competitive Position in Europe One of the largest global single sites o Highly integrated ammonia / nitrate production o On-site facilities / utilities shared with DSM, SABIC, Lanxess and others Located near NW Europe customer base o Majority of sales in key E
Slide 19: Upside Potential from Egyptian Operations
Upside Potential from Egyptian Operations Improving Gas Supply in Egypt Upside Potential Egyptian government ramps up LNG imports Improved gas supply ‒ EFC utilization rate c.80% in Q3 2016 and 100% in September and ‒ Two floating storage and regasification units (FSRU) October 2016 operational
Slide 20: Sorfert Deleveraging Rapidly
Sorfert Deleveraging Rapidly Strong Cash Flow Generation Plant Overview Benefits from competitive low price long-term gas contract 1.26 mtpa urea and 1.8 mtpa gross ammonia export-focused Significant contributor to Consolidated Group EBITDA – first production complex in Algeria dividend of $63
Slide 21: Methanol Assets - Overview
Methanol Assets - Overview OCI
Slide 22: Methanol – Robust and Growing Global Market
Methanol – Robust and Growing Global Market Methanol is one of the world’s most widely used industrial chemicals with diversity of applications – from paints and plastics, furniture and carpeting, to car parts, windshield wash fluid and fuel applications/fuel blending Excluding CTO/CTP, 2015 met
Slide 23: US Expected to Remain Net Importer of Methanol
US Expected to Remain Net Importer of Methanol In 2015, the U.S. imported approximately 3.7 million metric tons of methanol to meet its supply deficit (57% of consumption) The U.S. sources a majority of its imports from Trinidad, which is facing structural shortages in natural gas reserves and g
Slide 24: OCI Partners - Overview
OCI Partners - Overview Facility Overview OCI’s facility near Beaumont, TX (“OCI Beaumont”) is an integrated methanol and ammonia facility strategically located on the Texas Gulf Coast OCI N.V. acquired the Beaumont plant from Eastman Chemical Company in May 2011. Previously the Beaumont plant w
Slide 25: Natgasoline – Greenfield Scheduled for Completion in 2017
Natgasoline – Greenfield Scheduled for Completion in 2017 Natgasoline LLC Overview World scale greenfield methanol production complex currently under development, located in Beaumont, Texas Expected to produce approximately 1.75 million metric tons of methanol per year Well positioned in the U
Slide 26: Natgasoline – Strategic Partnership with Consolidated Energy
Natgasoline – Strategic Partnership with Consolidated Energy 50% Strategic Partner: ‒ In April 2016, OCI and CEL entered into definitive agreements for an investment by CEL in a 50% stake in Natgasoline in participation with OCI CEL adds expertise across the value chain: ‒ One of the world’s lar
Slide 27: Natgasoline: Aerial Site
natgaso(fine 27 Natgasoline: Aerial Site OCI
Slide 28: Natgasoline: Site Photos
Natgasoline: Site Photos Reformer Box Erection Intermediate Methanol Storage Tanks Pipe Rack Erection Columns and ASU 28
Slide 29: BioMCN (Netherlands) - Unlocking Strategic Value
BioMCN (Netherlands) - Unlocking Strategic Value BioMCN Overview Strategic Location in The Netherlands OCI acquired BioMCN in June 2015 for EUR 15M BioMCN is one of Europe’s largest methanol producers and a pioneer in bio-methanol Consists of two plants, of which one operational (440 ktpa) and
Slide 30: OCI N.V. History
OCI N.V. History OCI
Slide 31: Company History
Company History Established in the 1950s by Onsi Sawiris as a construction contractor in Egypt 1950 - Construction Present Developed into a leading industry player across the Middle East, Asia, USA and Europe 1996 - Developed cement group from a single production line in Egypt with capacity of
Slide 32: Listing Information
Listing Information OCI
Slide 33: OCI N.V. Listing Information
OCI N.V. Listing Information Listing Information Headquartered in Amsterdam, The Netherlands Trading on Euronext Amsterdam since 25 January 2013 (Euronext: OCI) Number of shares: 210,306,101 Demerger of Construction business effective 9 March 2015: ‒ $ 1.4 bn repayment of capital to OCI N.V.
Slide 34: 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 35: 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