Cf Industries Holdings, Inc. · NYSE:CF
Cf Industries — Corporate Update (May 2016)
7 slides from Cf Industries's corporate update, May 23, 2016
Slide 1: Safe Harbor Statement
Safe Harbor Statement All statements in this communication by CF Industries Holdings, Inc. (together with its subsidiaries, the “Company”), other than those relating to historical facts, are forward-looking statements. Forward-looking statements can generally be identified by their use of terms such
Slide 2: CF and OCI Have Terminated Their Previously Announced Combination
On April 4, 2016, the U.S. Department of the Treasury issued new tax regulations that, as written, considerably reduced the structural synergies of the proposed CF/OCI combination The change in market conditions and reduction in CF share price since the transaction was first announced, have also sig
Slide 3: CF has an Unmatched Combination of Low-Cost Production, Imminent Growth and Balance Sheet Strength
CF has an Unmatched Combination of Low-Cost Production, Imminent Growth and Balance Sheet Strength Largest nitrogen producer and distributor in North America and the United Kingdom CF’s North American capacity will be larger than the next four largest producers combined, once the capacity expansions
Slide 4: CF Is Expecting To Increase Its Nutrient Ton Production By The End of the Year
CF Is Expecting To Increase Its Nutrient Ton Production By 27% By The End of the Year Annual Nutrient Equivalent Tons (Millions) +27% 5 (0.7) 6.7 8.1 6.4 (1) (1) (1) (2) (3) Other Products include aqua ammonia, UL/DEF and nitric acid. UK Acquisition is the acquisition of 50% interest in the UK opera
Slide 5: In 2H 2016, Each CF Share is Expected to Have 27% More Underlying Nitrogen Tons Than Today
6 In 2H 2016, Each CF Share is Expected to Have 27% More Underlying Nitrogen Tons Than Today Excludes 34% of Canadian Fertilizers Limited (CFL) that was owned by Viterra. CFL operations were treated as a consolidated variable interest entity in CF Industries Holdings, Inc. financial statements. Acqu
Slide 6: CF's Capital Allocation Priorities Remain Unchanged
CF’s Capital Allocation Priorities Remain Unchanged Maintain investment grade credit ratings Sustaining capital requirements typically $350-$450 million annually Capacity expansion projects almost complete Accretive acquisitions consistent with core business and return requirements Bias towards tax-
Slide 7: CF's Capital Allocation Priorities Remain Unchanged
CF’s Capital Allocation Priorities @CFindustries Remain Unchanged « Maintain investment grade credit ratings Sustain the Base ¢ Sustaining capital requirements typically $350-$450 million annually Focused « Capacity expansion projects almost complete Accretive + Accretive acquisitions consistent wit