Yara International Asa · OSL:YAR
Yara International Asa — Non-Deal Roadshow (October 2023)
13 slides from Yara International Asa's roadshow presentation, Oct 23, 2023
Slide 1: Yara International ASA
Yara International ASA Svein Tore Holsether, CEO Maria Gabrielsen, Head of Investor Relations Fredrik Hoseth, Investor Relations Officer 23 October 2023 Oslo, Roadshow with ABG SC
Slide 2: Continued strong cash conversion in lower margin environment
Continued strong cash conversion in lower margin environment 3Q 2023 EBITDA down 62% due to reduced margins Operating cash flow of 1 BUSD primarily due to operating capital release European nitrate price negatively impacted by long order book at start of 3Q Supportive fundamentals for full season bu
Slide 3: Lower gas prices and higher deliveries more than offset by strong price decline
Lower gas prices and higher deliveries more than offset by strong price decline EBITDA ex. special items (MUSD)1 ROIC2 70 Price/margin: - 1,420 Energy cost4: + 810 -610 1,001 -16 -49 Fixed costs: -57 396 3Q22 Volume/Mix3 Margin Currency Other 3Q23 21.5% 3.6% 1) EBITDA ex. special items. For definiti
Slide 4: European nitrate price negatively impacted by long order book at start of 3Q
European nitrate price negatively impacted by long order book at start of 3Q Price development 3Q23 Comments: Nitrate premium USD/t Longer order book built ahead -10% of 3Q, to maintain deliveries and Urea 325 cash flow through off-season FOB Arab Gulf 291 summer period Order-taking fell as urea
Slide 5: 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 and Ukraine war, EU regulations Russia and Belarus: food, gas, raw materials US: Inflation reduction act China: trade policies Africa: Food system resilienc
Slide 6: 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 7: 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 8: Growing a Nature Positive Food Future
Growing a Nature Positive Food Future 8
Slide 9: Secondary nutrients
Secondary nutrients O©@e Primary, secondary and micro nutrients O2 H20 CO2 Primary nutrients OOG oo Micro nutrients OCOLO
Slide 10: Food companies' decarbonization pledges
Food companies’ decarbonization pledges • Reduce scope 3 emissions by 21% by 2030 • Reduce emissions across our value chain (scope 1, 2 and 3) by 30% by 2030 . • Reach net zero across our value chain by 2040 • By 2025, we will reduce our emissions (scope 1, 2 and 3) by 20% • By 2030, we will reduce
Slide 11: Mineral fertilizer fundamental for sustainable agriculture
65 years of science is on our side: Mineral fertilizer fundamental for sustainable agriculture Long-term trial by Yara research centre in Dulmen started in 1958 and, so far, had the following key findings Balanced and Integrated crop nutrition consisting of farmyard manure (organic matter) and min
Slide 12: UN's Sustainable Development Goals lagging
UN’s Sustainable Development Goals lagging "Only 15 per cent of the targets are on track, with many going into reverse. I urge you to keep going […] to see that sustainable development is the best business plan of all" UN Secretary-General Antonio Guterres
Slide 13: Knowledge grows
Knowledge grows ; ae ee es : :
Yara International — Non-Deal Roadshow (October 2023) on 6ix