Cf Industries Holdings, Inc. · NYSE:CF
Cf Industries — Q1 2012 Earnings Presentation
9 slides from Cf Industries's earnings presentation, May 4, 2012
Slide 1: 2012 First Quarter Financial Results
2012 First Quarter Financial Results May 4, 2012 NYSE: CF
Slide 2: Forward-Looking Statements
All statements in this presentation, other than those relating to historical facts, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, whi
Slide 3: Financial Highlights
Financial Highlights In millions, except percentages and EPS 2012 Q1 2011 Q1 Net sales $ 1,528 $ 1,174 Gross margin 712 525 - As percent of sales 47% 45% EBITDA(1) $ 702 $ 585 Net earnings attributable to common stockholders 368 282 Earnings per diluted share 5.54 3.91 Cash flow provided by operatio
Slide 4: Profit and Cash Flow
Profit and Cash Flow 2006 2007 2008 2009 2010 2011 2012 Earnings per Share Operating Cash Flow (millions) 4 First Quarter Record EPS
Slide 5: Nitrogen Segment Results
Nitrogen Segment Results Graph source: Green Markets In millions, except as noted 2012 Q1 H/(L) 2011 Q1 H/(L) 2011 Q4 Sales $ 1,272 $ 346 $ (191) Gross margin 662 220 (124) - Percent 52% 4 pts (2) pts Volume (000 st) 3,201 360 (143) Average selling prices ($/st) - Ammonia $ 598 $ 104 $ (35) - Urea 4
Slide 6: Phosphate Segment Results
Graph source: Green Markets In millions, except as noted 2012 Q1 H/(L) 2011 Q1 H/(L) 2011 Q4 Sales $ 256 $ 8 $ 1 Gross margin 50 (33) (29) - Percent 19% (14) pts (12) pts Volume (000 st) 516 76 77 - DAP 424 93 57 - MAP 92 (17) 20 - Domestic 325 (69) 85 - Export 191 145 (8) Average selling prices ($/
Slide 7: EBITDA and Selected Items
EBITDA and Selected Items (in millions) Quarter ended March 31, 2012 2011 Net earnings attributable to common stockholders $ 368.4 $ 282.0 Interest expense (income) – net 30.5 51.8 Income taxes 207.0 159.1 Depreciation, depletion and amortization 103.1 118.5 Less: Other adjustments(1) (7.5) (26.3) E
Slide 8: First Quarter Accomplishments
First Quarter Accomplishments Delivered strong earnings and cash flow First quarter record sales, EBITDA, net earnings and EPS Achieved outstanding sales and production volumes First quarter record ammonia and urea sales volume All-time record urea production volume N.A. nitrogen plants at full aggr
Slide 9: Outlook/Summary
Outlook/Summary High crop prices and projected farm profitability support strong plantings U.S.D.A. Prospective Plantings of 95.9 million corn acres Record level of nitrogen demand expected A moderate-sized order book Ability to benefit from 2Q prices Expected strong phosphate demand Low natural gas
CF Industries Holdings — Q1 2012 Earnings Presentation on 6ix