Slide 1: H2 2024 Results
[ @ FP Ff Global \ ed H2 2024 Results at 14 March 2025
Slide 2: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by OCI Global (the "Company"). By accessing and reading the Presentation you agree to be bound by the following limitations: This Presentation does not constitute or form a part of, and should not be construed as, an offer for sale or s
Slide 3: Safety First: Commitment to Zero Injuries
Safety First: Commitment to Zero Injuries OCI is committed to providing a safe and healthy workplace for all employees and stakeholders by implementing the highest international safety standards to avoid any potential risks to people, communities, assets or the environment Conversion intoQ4 FCF2019
Slide 4: H2 2024 Performance
e Lara I Global H2 2024 Performance
Slide 5: H2 2024 and FY 2024 Financial Summary
H2 2024 and FY 2024 Financial Summary Ammonia NW Europe ($/t) CAN Germany (EUR/t) Methanol US Contract ($/t) Dutch TTF ($/mmBtu) +9% -1% -17% +38% +6% -15% 581 -10% +23% 531 534 528 13 13 12 11 321 337 738 680 290 280 534 553 H2 2023 H2 2024 FY 2023 FY 2024 H2 2023 H2 2024 FY 2023 FY 2024 H2 2023 H2
Slide 6: H2 2024 Cash Flow and Net Cash Movement (Continuing Operations)
H2 2024 Cash Flow and Net Cash Movement (Continuing Operations) Change in net cash/(debt) from 30 June 2024 to 31 December 2024 $ million Clean Ammonia total cash spend $954 Includes $100 million settlement of million to end-2024 OCI Methanol securitization facility, to Total project budget of $1.55
Slide 7: Strategic Review
e Lara I Global Strategic Review
Slide 8: Transactions Update and Use of Proceeds
Transactions Update and Use of Proceeds Announced Transactions Gross Purchase Consideration Signed Closed ($billion) Sale of Fertiglobe to ADNOC 3.62 15 December 2023 15 October 2024 Sale of Iowa Fertiliser Company LLC (IFCo) to KAES 3.6 18 December 2023 29 August 2024 Sale of OCI Clean Ammonia to W
Slide 9: Key Asset and Liability Considerations
Key Asset and Liability Considerations Recent transactions significantly bolster balance sheet capacity and maximize future strategic optionality $ million Current Receivables and Other Assets OCI Nitrogen 2,053 OCI Methanol Deferred Clean Fertiglobe Geleen Facility Cash & Equity Ammonia Contingent
Slide 10: Markets
e Lara I Global Markets 10
Slide 11: Supportive Environment for OCI European Nitrogen
Supportive Environment for OCI European Nitrogen Regulatory support to structurally improve European industrial competitiveness OCI Nitrogen is competitively positioned in Europe Natural gas: TTF expected to revert to historical norms, aligning with US LNG costs: OCI’s European Nitrogen ammonia
Slide 12: Financial Statements
e Lara I Global Financial Statements 2
Slide 13: Segment Accounting
Segment Accounting Continuing Operations Discontinued Operations Corporate Entities Clean Ammonia (Project completion expected H2 2025) European Nitrogen US Methanol (Transaction close expected Q2 2025) European Methanol (Transaction close expected Q2 2025) Fertiglobe (Sale completed 15 October 2024
Slide 14: H2 2024 Results – Key Financials & KPIs
H2 2024 Results – Key Financials & KPIs H2 '24 H2 '23 %Δ 12M '24 12M '23 %Δ Cont. Cont. Cont. Cont. Cont. Cont. Total Total Total Total Total Total Disc. Disc. Disc. Disc. Disc. Disc. $ million unless otherwise stated Revenue 466.1 1,182.1 1,648.2 413.9 1,864.2 2,278.1 13% -37% -28% 975.1 3,108.7 4,
Slide 15: Sales Volumes by Segment
Sales Volumes by Segment '000 metric tons Q1'24 Q2'24 Q3'24 Q4'24 FY 2024 Q1'23 Q2'23 Q3'23 Q4'23 FY 2023 Nitrogen EU1 Own Product 489 578 499 419 1,984 249 527 382 289 1,446 Ammonia 124 115 90 98 426 44 103 76 74 296 CAN 282 337 271 150 1,041 177 345 212 143 878 UAN 58 82 69 110 318 18 62 77 53 209
Slide 16: Reconciliation of Adjusted EBITDA and Adjusted Net Income
Reconciliation of Adjusted EBITDA and Adjusted Net Income H2 '24 H2 '23 12M '24 12M '23 Cont. Cont. Cont. Cont. Total Total Total Total Disc. Disc. Disc. Disc. $ million Comment Operating profit / (loss) as reported (140.5) 251.5 111.0 (94.0) 240.2 146.2 (232.6) 802.1 569.5 (250.1) 604.8 354.7 Depre
Slide 17: Reconciliation of Adjusted EBITDA and Adjusted Net Income
Reconciliation of Adjusted EBITDA and Adjusted Net Income H2'24 H2'23 12M '24 12M '23 Cont. Cont. Cont. Cont. Total Total Total Total Disc. Disc. Disc. Disc. $ million Adjustments in P&L Reported net profit / (loss) attributable to shareholders 3.8 4,965.1 4,968.9 (104.2) (125.7) (229.9) (163.5) 5,1
Slide 18: Financial Statements – Income Statement
Financial Statements – Income Statement $ millions Note 2024 2023 Revenue (28) 975.1 946.7 Cost of sales (23) (973.1) (1,034.3) Gross profit / (loss) 2.0 (87.6) Other income (24) 5.8 38.2 Selling, general and administrative expenses (23) (231.9) (132.9) Impairment losses on financial instruments (9)
Slide 19: Financial Statements – Cash Flow Statement (1/2)
Financial Statements – Cash Flow Statement (1/2) $ millions Note 2024 2023 Net loss from continuing operations (165.1) (261.2) Adjustments for: Depreciation, amortization and impairment (23) 107.1 93.9 Interest income (26) (56.9) (15.9) Interest expense (26) 100.4 61.3 Net foreign exchange loss and
Slide 20: Financial Statements – Cash Flow Statement (2/2)
Financial Statements – Cash Flow Statement (2/2) $ millions Note 2024 2023 Proceeds from borrowings (18) 967.1 1,714.8 Repayment of borrowings (18) (2,330.5) (541.8) Payment of lease obligations (19) (15.2) (15.7) Purchase of treasury shares (7.8) - Newly incurred transaction costs / call premium (1
Slide 21: Clean Ammonia Project Remains on Track for 2025 Start-up
Clean Ammonia Project Remains on Track for 2025 Start-up1 Project Completion on track for H2 2025 $954m spent as of 31 December 2024 ~$1.55bn total project budget 99% engineering completed2 100% procurement completed2 76% construction completed2 21 (1) Renamed Beaumont New Ammonia by Woodside to ref
Slide 22: Csi Global
Csi Global Csi Global