Yara International ASA · OSL:YAR
Yara International ASA — SEB Nordic Seminar 2024
11 slides from Yara International ASA's conference presentation, Jan 9, 2024
Slide 1: Yara International ASA
Yara International ASA Johan Labby, EVP, Global Plants and Operational Excellence 9 January 2024 SEB Nordic Seminar
Slide 2: Our ambition is zero injuries
Our ambition is zero injuries TRI1 (12-month rolling) 5.0 4.0 3.0 2.0 1.0 1.0 0.0 1Q16 3Q23 1) Total Recordable Injuries per 1 million working hours 2
Slide 3: Growing a Nature Positive Food Future
Growing a Nature Positive Food Future 3
Slide 4: Geopolitical situation strengthens business case for operational flexibility and resilience
Geopolitical situation strengthens business case for operational flexibility and resilience Key geopolitical risk drivers Europe: Energy crisis Russia and Belarus: and Ukraine war, EU food, gas, raw materials regulations Middle East: US: Inflation China: trade escalation of reduction act policies co
Slide 5: Our ambition is to be carbon neutral by 2050
Our ambition is to be carbon neutral by 2050 Historic reductions1, MtCO2 per year Planned reductions 2025 2030 2050 Our climate roadmap -42% 2025 Intensity target: 10% reduction in 13 CO2e per ton N Scope 1 & 2 ~30% 1 2030 Reduce scope 1+2 2.5 32 Equivalent to -100% absolute emissions emissions of 3
Slide 6: US ammonia investments are complimentary to Yara's European footprint
US ammonia investments are complimentary to Yara’s European footprint Yara current ammonia footprint is flexible Creating opportunities for Yara to: Europe • Norway • Netherlands • Finland 1) Fuel parts of the EU production with import of • Germany low-carbon ammonia at competitive cost • France • I
Slide 7: Yara will prioritize strategic and value-creating investments in US clean ammonia
Yara will prioritize strategic and value-creating investments in US clean ammonia Type Project CO2 Capture Yara volume1 Type Yara capex3 Start of production Project YaREN2 50% stake North America, Texas, Ingleside ~95% 1.2 – 1.4 mt and full 1.3 – 1.45 bn 2027 – 2028 Partnership with Enbridge offtake
Slide 8: Strong value creation in European nitrate upgrade position
Strong value creation in European nitrate upgrade position Historical (past 10 years): nitrate premium above urea1 Future scenario: profitable decarbonization through US ammonia USD/t, Urea equivalents ~500 ~100 ~400 illustrative n- margin above ammonia cost3 With CBAM, importers have to pay carbon
Slide 9: Improving production performance in a more demanding operating environment
Improving production performance in a more demanding operating environment Ammonia production1 (mt) Finished product production1 (mt) +3% 21,3 +3% 7,8 20,9 7,8 20,8 7,7 7,7 7,7 20,6 7,6 20,5 7,5 20,4 2018 2019 2020 2021 2022 Jan 3Q23 2018 2019 2020 2021 2022 3Q23 Reliability Efficiency Flexibility D
Slide 10: Capital allocation
Capital allocation • Capital allocation policy maintained, based on BBB / Baa2 credit rating target • Annual average capex at 1.2 BUSD max in real 2022 terms, on a net basis including portfolio optimization and equity funding • Fixed cost target to beat inflation in core business (excluding special
Slide 11: Knowledge grows
Knowledge grows ; ae ee es : :