Yara International ASA · OSL:YAR

Yara International ASA — Investor Presentation (August 2021)

9 slides from Yara International ASA's investor presentation, Aug 19, 2021

  1. Slide 1: Fertilizer Market Update

    Fertilizer Market Update Dag Tore Mo, Head of Market Intelligence 19 August 2021

  2. Slide 2: Food prices not been this high since 2012

    Food prices not been this high since 2012 2

  3. Slide 3: Grain prices – supportive

    Grain prices –supportive Corn forward price Dec 21 (USc/bu): Wheat forward price Dec 21 (Usc/bu):

  4. Slide 4: Chinese grain imports

    Chinese grain imports 70.0 60.0 50.0 million tons 40.0 30.0 20.0 10.0 0.0 2019/20 2020/21 2021/22 Source: USDA, including USDA forecast for 2021/22

  5. Slide 5: Urea prices remain strong, adjusting modestly following peak season on the northern hemisphere

    Urea prices remain strong, adjusting modestly following peak season on the northern hemisphere 510 490 470 450 430 410 390 USD/ton 370 350 330 310 290 270 250 230 210 190 170 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Urea inland proxy Ch

  6. Slide 6: Urea export from China – more needed than last year

    Urea export from China – more needed than last year 2019 2020 2021 6000 5000 4000 kt product 3000 2000 1000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

  7. Slide 7: Domestic supply exactly like last season

    Domestic supply exactly like last season Chinese urea production Domestic urea balance 5.2 60 Million tons +0.0% 55.2 Million tons 53.9 5.0 49.0 49.0 20/21 50 4.9 6.2 4.8 19/20 40 4.6 30 4.4 4.2 20 4.0 10 3.8 0 3.6 Export Domestic Domestic Export Production Production Jul Aug Sep Oct Nov Dec Jan Feb

  8. Slide 8: Higher nitrogen supply growth forecast in 2021, however higher than normal risk of project delays

    Higher nitrogen supply growth forecast in 2021, however higher than normal risk of project delays Global urea capacity additions ex. China (mill. tonnes) India Algeria Others Russia USA Production Iran Nigeria 6.7 5.5 5.3 5.1 4.5 4.2 2.6% consumption growth 3.2 3.2 1.7 1.3 1.2 1.0 2014 2015 2016 201

  9. Slide 9: Increase in natural gas prices in Europe

    Increase in natural gas prices in Europe 10

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