Oci Nv · EURONEXT:OCI
Oci Nv — Investor Presentation (March 2015)
24 slides from Oci Nv's investor presentation, March 2015
Slide 1: OCI N.V. Corporate Presentation
OCI N.V. Corporate Presentation A Global Fertilizer and Industrial Chemicals Company March 2015
Slide 2: OCI N.V. Post-Demerger
OCI N.V. Post-Demerger Leading global natural gas-based fertilizer & chemicals producer ‒ Production facilities in The Netherlands, USA, Egypt and Algeria complemented by global distribution network ‒ Top 5 five global nitrogen-based fertilizer producer - sellable capacity of c.7.7 mtpa at end-201
Slide 3: 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 4: Total Capacity on Track to Reach About 12 MTPA by end-2016
Total Capacity on Track to Reach About 12 MTPA by end-2016 Production Capacity From Inception in Egypt to Completion of Current North American Greenfield Projects 14,000 1.3 mtpa 4.0 mtpa 7.7 mtpa 12.1 mtpa 12,000 Sellable production capacity ktpa 10,000 8,000 6,000 4,000 2,000 0 2008 2011 2014 2016
Slide 5: A Globally Cost Competitive Product Portfolio
A Globally Cost Competitive Product Portfolio Design Capacities¹ Ammonia Total Total Fertilizer Chemicals Plant Country Ownership Gross Net⁶ Urea UAN⁷ CAN for sale* Methanol Melamine⁸ DEF for sale* Egyptian Fertilizers Company² Egypt 100% 800 - 1,550 - - 1,550 - - - 1,550 Egypt Basic Industries Corp
Slide 6: 5 Operating Production Facilities in 4 Countries and 2 Under Construction
5 Operating Production Facilities in 4 Countries and 2 Under Construction Iowa Fertilizer Co. (IFCo) OCI Nitrogen Netherlands Under construction 1.45 mtpa of CAN 350 ktpa of sellable ammonia Planned capacity: 350 ktpa of UAN − 185 ktpa of sellable ammonia 200 ktpa of melamine − 250 ktpa
Slide 7: Global Distribution Network
Global Distribution Network Global distribution network with strong presence in Europe and strategic JVs in Brazil and the USA 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. F
Slide 8: Iowa Fertilizer Company Greenfield – Expected Start Production Q4 2015
Iowa Fertilizer Company Greenfield – Expected Start Production Q4 2015 Greenfield nitrogen fertilizer plant (ammonia, urea, UAN and DEF) First world scale natural gas-based greenfield nitrogen fertilizer plant built in the United States in nearly 25 years Plant Strategic location: in the heart
Slide 9: Barriers to Entry are High in North America
Barriers to Entry are High in North America Limited new nitrogen fertilizer capacity expected in North America Nitrogen facilities are time and capital intensive ‒ Capex for greenfield construction now significantly higher than 2012, depending on size, capacity and financing of project ‒ Typical n
Slide 10: OCI Beaumont Debottlenecking – Completion Q1 2015
OCI Beaumont Debottlenecking – Completion Q1 2015 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 costs Newly rehabilitated – full capacity utilization rates
Slide 11: Natgasoline Greenfield – Expected Commissioning Q4 2016
Natgasoline Greenfield – Expected Commissioning Q4 2016 Natgasoline LLC World scale greenfield methanol production complex currently under development Expected to produce approximately 1.75 million metric tons of methanol per year Located in Beaumont, Texas, on plot adjacent to OCI Beaumont
Slide 12: Lower Natural Gas Price Environment
Lower Natural Gas Price Environment Henry Hub (US$/MMBtu) TTF Netherlands (US$/MMBtu) 8.0 17.0 7.0 15.0 Average 2014 US$ 4.35 / MMBtu Average 2014 6.0 13.0 US$ 8.1 / MMBtu 5.0 11.0 4.0 9.0 3.0 7.0 2.0 5.0 Jan-2013 Apr-2013 Jul-2013 Oct-2013 Jan-2014 Apr-2014 Jul-2014 Oct-2014 Jan-2015 Jan-2013 Apr-2
Slide 13: OCI Nitrogen – Decreasing Gas Feedstock Costs and High Nitrate Premium
OCI Nitrogen – Decreasing Gas Feedstock Costs and High Nitrate Premium CAN and UAN (EUR/tonne) Nitrate Premium (%) 300 60% 280 50% CAN and UAN in EUR/t 260 nitrate premium in % 40% 240 30% 220 200 20% 180 10% 160 0% 01/2013 04/2013 07/2013 10/2013 01/2014 04/2014 07/2014 10/2014 01/2015 CAN UAN TTF
Slide 14: Sorfert Algeria – Ramping Up to Full Utilization
Sorfert Algeria – Ramping Up to Full Utilization Globally cost competitive plant, major contributor to earnings growth OCI NV Consolidated Net Debt by Currency 30 Sep 2014 Ramping up successfully: USD Algerian 30% ‒ Product sales volumes improved significantly from the second into Dinar the third
Slide 15: Egypt – Addressing the Natural Gas Deficit
Egypt – Addressing the Natural Gas Deficit Natural gas imports EFC & EBIC: 19% of sellable capacity at end-2016 Natural gas deficit in Egypt in excess of 10% of total demand: Percentage of Total Capacity as of end-2016 Natgasoline Egyptian ‒ Priority for natural gas supply to electricity sector to
Slide 16: Appendix
APPENDIX OCI
Slide 17: OCI N.V. Pro Forma Financials
OCI N.V. Pro Forma Financials
Slide 18: Pro Forma Income Statement
OCI N.V. Fertilizer & Chemicals Pro Forma Income Statement1) 2013 9M 2014 2) Revenue 2,545.9 1,998.9 Cost of goods sold -1,750.5 -1,253.0 Gross Profit 795.4 745.9 Gross Profit Margin 31.2% 37.3% Selling, General, and Admin Expenses -143.1 -124.4 Other operating income (expenses) -36.6 4.9 Provisions
Slide 19: Pro Forma Balance Sheet - Assets
OCI N.V. Fertilizer & Chemicals Pro Forma Balance Sheet - Assets1) 31 Dec 2013 30 Sep 2014 ASSETS Non-Current Assets Property, plant & equipment (net) 3,866.2 3,621.5 Assets under construction 797.2 1,380.0 Goodwill 959.4 939.5 Other intangible assets 4.7 1.3 Investment in associated companies 43.1
Slide 20: Pro Forma Balance Sheet – Liabilities & Shareholders’ Equity
OCI N.V. Fertilizer & Chemicals Pro Forma Balance Sheet – Liabilities & Shareholders’ Equity1) 31 Dec 2013 30 Sep 2014 EQUITY Shareholders' Equity Share capital 267.9 272.3 Other reserves 1,529.4 1,567.2 Retained earnings 107.5 426.1 Cumulative adjustment on translation of foreign entities -153.4 -1
Slide 21: Listing Information
Listing Information OCI
Slide 22: OCI N.V. Listing Information
OCI N.V. Listing Information Listing Information Trading on Euronext Amsterdam since 25 January 2013 (NYSE Euronext: OCI) Number of shares: 210,113,854 Demerger of Construction business effective 9 March 2015: ‒ $ 1.4 bn repayment of capital to OCI N.V. shareholders, equivalent to c.EUR 6 per
Slide 23: 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 24: Investor relations 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