Icl Group Ltd. · TASE:ICL
Icl — Bank of America Industrial Products Discussion 2021
17 slides from Icl's conference presentation, Jun 9, 2021
Slide 1: ICL Industrial Products Overview
ICL Industrial Products Overview Anat Tal President ICL Industrial Products Division June 9, 2021
Slide 2: Important legal notes
Important legal notes Disclaimer and safe harbor for forward-looking statements The information contained herein in this presentation or delivered or to be delivered to you Certain market and/or industry data used in this presentation were obtained from internal during this presentation does not con
Slide 3: ICL key facts
+90 +11k Top Years of Employees Industry leader experience worldwide across mineral portfolio founded in 1929 and in ESG $5B ~$1B 3.4% Sales Adjusted EBITDA(1) Average dividend in 2020 in 2020 yield since 2018 (1) Adjusted EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix
Slide 4: Creating Impact and Sustainable Growth
Creating Impact and Sustainable Growth ICL Domains ICL Focus ICL Highlights Maximizing R&D to develop Investing to meet long-term No. 1 globally in bromine industry, Industrial and deliver complex solutions demand for specialty offerings phosphorous FRs and magnesia products Creating positive impact
Slide 5: ICL IP Market Leadership
ICL IP Market Leadership Bromine Bromine Bromine and Phosphorus Capacity Compounds Plant Flame Retardants Bromine Magnesia for Self-extinguishing Clear Brine ISOtank Fleet Nutraceutical Market Hydraulic Fluids Fluids 5
Slide 6: Industrial Products at a Glance
Industrial Products at a Glance IP highlights 1Q’21 Sales By region America Europe • Sales of $398M for 1Q’21, 26% of total ICL 27% 36% • EBITDA of ~$122M, 41% of total ICL Asia 36% • Global leader in bromine with 40% market share • 10 Manufacturing Site WW 1Q’21 Sales Specialty • ~1,670 Employees B
Slide 7: Major end-markets
Major end-markets Electronics Intermediates Construction Oil & Gas Transportation Flame retardants Plastics Flame retardants Drilling completion Flame retardants Pharma Tires Agriculture 7
Slide 8: Global Approach to Production
Global Approach to Production Bromine Produces Compounds Plants ISOtanks Israel | Netherlands | China Intercompany Specialty MgCl, Salts minerals plants Customers and KCl Israel | France* Phosphorous Purchases Compounds Plants Germany | U.S.A. * Raw materials sourced from third parties. 8
Slide 9: Global Leader in Bromine
Global Leader in Bromine Concentration g/liter Production and capacities 10.0 to 12.0 Relative production cost 4.5 to 5.5 China and Japan 2.5 to 4.5 India Arkansas, U.S. ICL Jordan 0.5 to 0.9 0.06 to 0.11 0.1 to 0.2 Sea Water Underground Shallow Sea Salt Lake Underground Dead Sea kT 100 200 300 400
Slide 10: Chinese bromine market
Chinese bromine market Natural depletion of bromine resources in China Stricter environmental regulations Less land available for bromine production 140kt 55kt 30kt 2010 2019 2025 Estimate 10
Slide 11: Growth strategy
Growth strategy Value From spot to long-term From elemental bromine Leverage over volume agreements to compounds AI platform 11
Slide 12: AI platform identifies new bromine applications
Developed a Which Identifies New Bromine Applications Collaborating with cutting-edge Israeli Artificial Intelligence start-ups to develop unique and proprietary software, which has identified new applications for bromine in the fields of EV, recycling and sustainability 12
Slide 13: Creating Global Growth
Creating Global Growth Market Trends Growing global need for safer, more efficient and sustainable products INDUSTRIAL • Demand for new products with sustainability applications • Impacting wide array of industries - Energy, electronics, automotive, pharma/nutraceutical, construction and agriculture
Slide 14: Thank you
Thank you Contact Peggy.ReillyTharp@icl-group.com for more information on ICL View our interactive data tool at https://www.icl-group.com/investors/interactive-data-tool/
Slide 15: Reconciliation tables (1 of 2)
Reconciliation tables Slide one of two Calculation of segment EBITDA Industrial Phosphate Innovative Potash and margin Products Solutions Ag Solutions US$M 1Q’21 FY’20 1Q’21 FY’20 1Q’21 FY’20 1Q’21 FY’20 Segment profit $105 $303 $29 $120 $40 $66 $22 $40 Depreciation and amortization $17 $77 $37 $166
Slide 16: Reconciliation tables (2 of 2)
Reconciliation tables Slide two of two Calculation of adjusted EBITDA 1Q’21 4Q’20 3Q’20 2Q’20 1Q’20 FY’20 FY’19 US$M Net income attributable to $135 $65 $54 ($168) $60 $11 $475 shareholders of the company Financing expenses, net $20 $46 $29 $31 $52 $158 $129 Taxes on income $23 $24 $14 ($33) $20 $25
Slide 17: Guidance and non-GAAP financial measures
Guidance and non-GAAP financial measures Guidance The company only provides guidance on a non-GAAP basis. We do not provide a reconciliation of forward-looking adjusted EBITDA (non-GAAP) to GAAP net income (loss), due to the inherent difficulty in forecasting and quantifying certain amounts necessar
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