Yara International Asa — Q3 2024 Earnings Presentation

5 slides from Yara International Asa's earnings presentation, Sep 13, 2024

Slide 1: Pre-quarter information 3Q 2024
Pre-quarter information 3Q 2024
Slide 2: Key market prices and outside-in model
Key market prices and outside-in model Market prices Outside-in estimate, volume neutral MUSD, based on sensitivities1,2 2023 2024 Avg Avg May Jun Jul Aug May Jun Jul Aug 3Q231 3Q241 Ammonia, FOB 3Q 23 396 249 235 248 316 266 314 340 351 356 349 Arab Gulf Fertilizers USD/ton, Urea, FOB Arab Ammonia
Slide 3: Key considerations
Key considerations 3Q23 • Strong order book going into the quarter • Increasing European nitrate prices through the quarter, but order taking slowed mid-quarter when urea prices rose and later fell back. • This impacted realized nitrate prices, with longer time lag from order to delivery for the qua
Slide 4: Market developments
Focus on key urea market developments, not representing Yara’s business Market developments Urea price developments 3Q 24 Regional developments • The absence of Chinese exports and supply issues elsewhere • Northern hemisphere (Europe and US) is outside main season. Poor weather supported urea price
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