Yara International Asa · OSL:YAR

Yara International Asa — Arctic Securities - September 2026

7 slides from Yara International Asa's conference presentation, Sep 3, 2026

  1. Slide 1: Market update

    Market update Dag Tore Mo Head of Market Intelligence 3 September 2026

  2. Slide 2: Key fertilizer and raw materials – price impact following the war

    Key fertilizer and raw materials – price impact following the war (week number on x-axis) 2026 Natural gas, month ahead (USD/MMBtu) Urea FOB Egypt (USD/t) Ammonia CFR Europe (USD/t) 2025 -1% 30 +124% 1,000 0% 1,000 750 750 20 500 500 10 250 250 0 0 0 0 5 10 15 20 25 30 35 40 45 50 55 0 5 10 15 20 25

  3. Slide 3: India: Strong imports starting the new agricultural year

    UREA India: Strong imports starting the new agricultural year 23/24 25/26 Monthly production (kt) Monthly sales (kt) 24/25 26/27 3,000 6,000 2,500 4,000 2,000 2,000 1,500 0 0 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Imports, accumulated (kt) Cha

  4. Slide 4: Urea export from China – million tons in 2025

    Urea export from China – 5 million tons in 2025 6000 2024 2025 2026 5000 4000 3000 kt product 2000 1000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Product code: 31021000

  5. Slide 5: Middle East conflict

    Middle East conflict Share of trade: Urea exports through Strait of Hormuz ~1/3 of global urea (excluding Oman Mt urea (bubbles: % share of world trade) and Egypt) 25 40% ~20% of global LNG 33% 34% 20 31% 30% 15 ~18% of DAP/MAP 4.5 20% 10 5.7 ~45% of global sulfur 10% 5 5.8 ~22% of global ammonia 0

  6. Slide 6: Grain prices

    6 Grain prices Corn forward price Dec 26 (USc/bu): Wheat forward price Dec 26 (Usc/bu):

  7. Slide 7: Cereal index/urea index – rebounding strongly in June/July with lower urea price

    7 Cereal index/urea index – rebounding strongly in June/July with lower urea price, further increase expected in August as grain increases Index 1.4 Urea more affordable 1.3 (increased application rate) 1.2 1.1 1 0.9 0.8 0.7 0.6 Urea less affordable 0.5 (reduced application rate) 0.4 0.3 Jan-08 Jan

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