Oci Nv · EURONEXT:OCI
Oci Nv — Investor Presentation (December 2014)
28 slides from Oci Nv's investor presentation, December 2014
Slide 1: OCI N.V. Corporate Presentation
OCI N.V. Corporate Presentation December 2014
Slide 2: Overview
Overview Overview 3 Fertilizer & Chemicals Group 7 Engineering & Construction Group 15 H1 2014 Results Overview 19
Slide 3: Company Overview
Company Overview Leading global natural gas-based fertilizer & chemicals producer and engineering & construction company OCI N.V. Recently announced intention to proceed with spin-off of Construction Business Employs approximately 55,000 people worldwide Began trading on Euronext Amsterdam o
Slide 4: Business Segments
Business Segments Produces nitrogen fertilizers, methanol and other natural gas based products, serving agricultural and industrial customers from the Americas to Asia Fertilizer & Production facilities in The Netherlands, USA, Egypt and Algeria Chemicals Top 5 five global nitrogen-based ferti
Slide 5: Company History
Company History 1950 - Established in the 1950s by Onsi Sawiris as a construction contractor in Egypt. Construction Present Developed into a leading industry player across the Middle East, Asia, USA and Europe. 1996 - Started the cement group in the mid-90s, growing production from a single li
Slide 6: Revenue and EBITDA by Segment
Revenue and EBITDA by Segment 2013 Revenue* Split Fertilizer & Chemicals Group: ‒ Sorfert main driver of EBITDA growth in 2014 ‒ Expect step-up in EBITDA from new capacities coming onstream in the Engineering & Construction United States between now and end-2016 44.0% Fertilizer & Engineering &
Slide 7: Fertilizer & Chemicals Group
Fertilizer & Chemicals Group
Slide 8: Rapid Ramp-up of Production Capacity
Fertilizer & Chemicals Group Rapid Ramp-up of Production Capacity Production Capacity From Inception in Egypt to Completion of Current North American Greenfield Projects 1.3 mtpa 4.0 mtpa 7.5 mtpa 11.9 mtpa 14,000 Sellable production Capacity (ktpa) 12,000 10,000 8,000 6,000 4,000 2,000 0 2008 2011
Slide 9: Expanding Product Portfolio
Fertilizer & Chemicals Group Expanding Product Portfolio Design Capacities¹ Total Ammonia Fertilizer Chemicals for sale Plant Country Gross Net⁶ Urea UAN⁷ CAN Methanol Melamine DEF for sale Egyptian Fertilizers Company² Egypt 800 - 1,550 - - 1,550 - - - 1,550 Egypt Basic Industries Corp. Egypt 730 7
Slide 10: Organic Growth Initiatives in the United States: Iowa Fertilizer Company
Fertilizers & Chemicals Group Organic Growth Initiatives in the United States: Iowa Fertilizer Company Strategic location: in the heart of the US Midwest corn belt benefiting from a first mover advantage in the US for greenfield plants – broke ground on 19 November 2012 and scheduled to begin prod
Slide 11: Organic Growth Initiatives in the United States - OCI Beaumont & Natgasoline LLC
Fertilizers & Chemicals Group Organic Growth Initiatives in the United States - OCI Beaumont & Natgasoline LLC Largest integrated ammonia-methanol plant in North America Competitive location on Gulf Coast, strong ammonia / methanol economics in the US market and attractive natural gas feedstock
Slide 12: 5 Operating Production Facilities in 4 Countries and 2 Under Construction
Fertilizer & Chemicals Group 5 Operating Production Facilities in 4 Countries and 2 Under Construction OCI Beaumont – MLP (79.04%1) OCI Nitrogen (100%) Egyptian Fertilizers Company (EFC) (100%) USA-based Netherlands-based Egypt-based Capacity: Capacity: Capacity: − 265 ktpa of ammonia −
Slide 13: Global Distribution Presence – 6.6 million tons sold in 2013
Fertilizer & Chemicals Group Global Distribution Presence – 6.6 million tons sold in 2013 A global distribution network with a strong presence in Europe and strategic joint ventures in Brazil and the USA While OCI maintains good relations with major international fertilizer traders, the majority
Slide 14: Fertilizer & Chemicals Group Highlights Q3 and 9M 2014 Sales Volumes
Fertilizer & Chemicals Group Highlights Q3 and 9M 2014 Sales Volumes Product – Sales Volumes Q3 2014 Q2 2014 %Δ Q3 2013 %Δ 9M 2014 9M 2013 %Δ Granular Urea OCI Product Sold 382.3 315.7 21.1% 289.3 32.2% 1,127.7 563.9 100.0% Third Party Traded 5.0 0.9 nm 30.7 -83.7% 31.5 411.0 -92.3% Total Granular U
Slide 15: Engineering & Construction Group
Engineering & Construction Group
Slide 16: Diversified Geographic Presence with a Wide Range of Core Competencies
Engineering & Construction Group Diversified Geographic Presence with a Wide Range of Core Competencies Orascom Construction Contrack Core markets: Egypt, Algeria, Saudi Arabia and USA Core markets: USA and territories, the Middle East and Central Asia 2014 ENR Rankings: 67 on International Co
Slide 17: Backlog and New Awards Snapshot as at 30 September 2014
Engineering & Construction Group Highlights Backlog and New Awards Snapshot as at 30 September 2014 Consolidated backlog excluding projects accounted for under the equity method stood at $5.9 billion as at 30 September 2014, a 17% increase from $5.0 billion at 30 June 2014. New awards totalled $
Slide 18: Promising Outlook
Engineering & Construction Group Promising Outlook Growth Prospects Backlog: ‒ Strong momentum starting beginning of 2014 with $ 3.8 billion in new awards in 9M 2014, well above the $ 1.4 billion achieved in the full year 2013 ‒ Consolidated backlog increased 17% during Q3 2014 to a record $ 5.9 b
Slide 19: H1 2014 Results
H1 2014 Results
Slide 20: Consolidated Results: Financial Highlights H1 2014
Consolidated Results1) Financial Highlights H1 2014 $ Million H1 2014 H1 2013* %Δ 2013* Revenue 2,320.3 2,252.7 3.0% 4,460.7 EBITDA 412.5 330.9 24.7% 637.9 EBITDA Margin 17.8% 14.7% 14.3% Net Income Attributable to Shareholders 39.5 55.9 -29.3% 295.2 Net Income Margin 1.7% 2.5% 6.6% Total Assets 10,
Slide 21: Fertilizer & Chemicals Group Financial Snapshot H1 2014
Fertilizer & Chemicals Group Highlights Financial Snapshot H1 2014 $ Million H1 2014 H1 2013* %Δ 2013* Revenue 1,298.1 1,307.6 -0.7% 2,516.0 EBITDA 403.5 308.4 30.8% 635.0 EBITDA Margin 31.1% 23.6% 25.2% * H1 2013 and 2013 results have been restated to comply with IFRS 11 Operational performance:
Slide 22: Engineering & Construction Group Financial Snapshot H1 2014
Engineering & Construction Group Highlights Financial Snapshot H1 2014 $ Million H1 2014 H1 2013* %Δ 2013* Revenue 1,022.2 945.1 8.2% 1,976.5 EBITDA 41.1 46.7 -12.0% 28.0 EBITDA Margin 4.0% 4.9% 1.4% * The 2013 results have been restated and now equity account for BESIX and certain other constructio
Slide 23: Consolidated Income Statement
Consolidated Income Statement $ million H1 2014 H1 2013* Revenue 2,320.3 2,252.7 Cost of sales -1,920.7 -1,884.2 Gross Profit 399.6 368.5 Selling, General and Admin Expenses -179.9 -179.6 Other operating income 28.0 21.7 Other operating expense -3.2 -7.1 Transaction costs 0.0 -80.0 Operating profit
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet $ million 30 June 2014 31 December 2013* ASSETS Non-current assets Property, plant and equipment (net) 5,098.6 4,773.4 Goodwill 996.5 984.3 Investment in associated companies 528.5 525.7 Other investments 50.1 51.0 Deferred tax assets 64.4 67.6 Long - term receivables 72.0
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet $ million 30 June 2014 31 December 2013* EQUITY Share capital 272.1 272.1 Share premium 1,441.8 1,441.8 Reserves 89.8 87.6 Retained earnings -40.7 -80.2 Total shareholders' equity 1,763.0 1,721.3 Minority interest in subsidiary companies 380.9 366.3 Total equity 2,143.9 2,
Slide 26: Debt Overview as of 30 June 2014
Debt Overview as of 30 June 2014 Total gross debt outstanding of $ 5,939 million as at 30 June 2014, a small (0.8%) increase over 31 December 2013 The majority of OCI N.V’s total debt outstanding is held at the operating company level and is financed through operating cash flows OCI N.V.’s net
Slide 27: 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 EXTENSION INTO THE UNITED STATES OF THE OFFER MENTIONED BELOW AND IS NOT AN OF
Slide 28: Investor relations contacts
For OCI N.V. investor relations enquiries contact: Hans Zayed hans.zayed@oci.nl T +31 (0) 6 18 25 13 67 Erika Wakid erika.wakid@oci.nl T +44 (0) 20 7297 8841 OCI N.V. corporate website: www.ocinv.nl