Slide 1: OCI N.V. Investor Presentation
OCI N.V. Investor Presentation March 2017
Slide 2: OCI N.V. | Investment Highlights
OCI N.V. | Investment Highlights Capacity Expansion Greenfield initiatives to boost current production capacity by 50% (1) to 12.6 mtpa by end-2017 Plan Nearing Iowa Fertilizer Company in final stage of start-up phase, Natgasoline on track for commissioning in Q4 2017 Completion Strategic Locati
Slide 3: Overview
Overview OCI
Slide 4: OCI NV | Global Positioning
OCI NV | Global Positioning OCI NV Overview Fertilizers Group Chemicals Group Top 5 global nitrogen producer, with current sellable fertilizer capacity Leading global methanol producer, with current capacity of 1.4mtpa of 7.0mtpa growing to 9.6mtpa1 following the completion of IFCo growing to 3.
Slide 5: Asset Overview | Operating Facilities and Greenfield Projects
Asset Overview | 6 Operating Facilities in 4 Countries and 2 Greenfield Projects OCI Partners LP (OCI Beaumont) – TX, US BioMCN – Netherlands OCI Nitrogen – Netherlands Acquired: 2011 Acquired: 2015 Acquired: 2010 MLP: OCIP listed on NYSE 100% owned 100% owned in 2013, 79.88% owned Produ
Slide 6: Ramp-up of Production Capacity
Ramp-up of Production Capacity Design Capacities¹ Total Total Fertilizer & ('000 metric tons) Ammonia Fertilizer Chemicals Plant Country Ownership2 Gross Net3 Urea UAN4 CAN For Sale Methanol Melamine5 DEF For Sale Egyptian Fertilizers Company Egypt 100% 800 - 1,550 - - 1,550 - - - 1,550 Egypt Basic
Slide 7: Global Distribution Network
Global Distribution Network Global trading platform capable of moving more than 2 mtpa creates additional volume security and room to grow market share Global Distribution and Logistics Infrastructure Port access both east and West of Suez Canal Arzew and Bethouia Algeria, Sokhna Egypt, Rotterdam
Slide 8: Greenfield Initiatives
Greenfield Initiatives Iowa Fertilizer Company (IFCo) IFCo in final stage of start-up phase: ‒ Major milestones achieved end of December 2016 - process gas and air introduced into front end of ammonia plant over the New Year ‒ Utilities required for start-up are fully commissioned and have been tr
Slide 9: Methanol and Fertilizers Price Rebound in Q4 2016 and Into 2017
Methanol and Fertilizers Price Rebound in Q4 2016 and Into 2017 Fertilizers Methanol Improved pricing environment, supply-demand balance has Improved pricing environment, supported by tight supply- tightened with strong reduction in exports from China demand balance Demand growth expected to b
Slide 10: Fertilizers | Expected Decline in Exports From Key Regions
Fertilizers | Expected Decline in Exports From Key Regions Tighter coal regulations, increasing production costs and Monthly Chinese Exports significant shutdowns have adversely affected production 2,000 rates and exports in China 1,800 2015 2016 1,600 – Utilization rates have dropped significantl
Slide 11: Deleveraging 2017 - 2018
Deleveraging 2017 - 2018 2016 Milestones •Natgasoline issued $ 250 million of tax-exempt Mission Economic Development Deleveraging: Corporation Senior Revenue Lien Bonds (Natgasoline Project), Series 2016, maturing in April 2031 ‒ With the start-up of Iowa Fertilizer Company, Natgasoline already f
Slide 12: Fertilizer Assets - Overview
Fertilizer Assets - Overview
Slide 13: Iowa Fertilizer Company
lowa Fertilizer Company OCI
Slide 14: Iowa Fertilizer Company | Aerial View
Iowa Fertilizer Company | Aerial View 14
Slide 15: Iowa Fertilizer Company Project Location – Wever, IA
Iowa Fertilizer Company Summary Overview Project Location – Wever, IA Iowa Fertilizer Company is a greenfield nitrogen fertilizer and industrial chemical production facility in start-up phase in Wever, IA Highly strategic location in the heart of the corn belt Capacity: Expected to produce 1.8
Slide 16: Iowa Fertilizer | Production Mix & Capacity
Iowa Fertilizer | Production Mix & Capacity Maximum Selling Illustrative Base Capacity Case DEF 990 tpd DEF sales DEF sales 990 tpd 130 ktpy (345 ktpy) Operating Capacity: 0%-100% NH3 Urea Synthesis Urea Gran. 2,667 tpd 2,420 tpd 1,320 tpd Urea sales Urea sales (2,420 mtpd) 1 1,320 tpd 210 ktpy Oper
Slide 17: Site Location and Infrastructure
Site Location and Infrastructure Site Network Infrastructure and Transportation Location BNSF main-line railroad is western border of site Iowa Within ½ mile of 4 lane highway US-61 2 miles away from ANR’s interstate pipeline (connection has been built) 4-Lane Within 4 miles of the Mississip
Slide 18: Iowa Fertilizer Company - Favorable Location in US Midwest
Iowa Fertilizer Company - Favorable Location in US Midwest Iowa Fertilizer Company Benefits from Proximity to Mid Corn Belt Nitrogen Demand The Mid Corn Belt has the highest demand for nitrogen fertilizers in the US Iowa consumes the largest amount of nitrogen fertilizers in the US, followed clo
Slide 19: Midwest Price Premium over US Gulf Price
Midwest Price Premium over US Gulf Price Price premium for US Midwest FOB versus NOLA IFCo is positioned advantageously at the centre of the Mid Corn IFCo - All product can be sold within short range Belt and will have a substantial freight cost advantage over non- MINNESOTA Midwest and imported p
Slide 20: Tightening Global Supply-Demand Balance, US Expected to Remain Import Market
Tightening Global Supply-Demand Balance, US Expected to Remain Import Market New capacity additions peaking, both globally and in US, expected to result in significant tightening of supply-demand balance: ‒ Majority of new nitrogen fertilizer expansions in the US announced since 2012 have been can
Slide 21: North America Diesel Exhaust Fluid (DEF) Consumption
North America Diesel Exhaust Fluid (DEF) Consumption Historical and Base Case Forecast North America DEF Consumption by PADD (billion gallons 2013-2026) Forecast 2.50 1A - New England 2.00 4 - Rocky Mountain 1.50 1B - Central Atlantic CAGR 2016 -2021 +17% 1C - Lower Atlantic 1.00 5 - West Coast Cana
Slide 22: Fertilizer Assets: Europe and North Africa
Fertilizer Assets: Europe and North Africa
Slide 23: OCI Nitrogen (Netherlands) | Highly Competitive Position in Europe
OCI Nitrogen (Netherlands) | Highly Competitive Position in Europe Key Highlights Overview 1.15 mtpa gross ammonia, 1.45 mtpa calcium ammonium nitrate World-class, well maintained and energy efficient production complex (CAN), 350 ktpa urea ammonium nitrate (UAN) and 200 ktpa melamine Europe’s sec
Slide 24: North Africa | EFC and EBIC (Egypt)
North Africa| EFC and EBIC (Egypt) Key Highlights Overview Egyptian Fertilizer Company (EFC) State-of-the-art, well maintained plants adjacent to each other ‒ 1.55 mtpa granular urea ‒ 2 identical production lines, started up at 2000 and 2006 resp. Competitively positioned on global cost curve ‒ O
Slide 25: EFC and EBIC | Upside Potential from Egyptian Operations
EFC and EBIC | Upside Potential from Egyptian Operations EFC & EBIC: Improving Egyptian Gas Supply Situation EFC natural gas supply improving: (c. 75% utilization rate in 2016 and 101% in both January and February 2017) 1 Egyptian government remains committed to maintaining natural gas supply throug
Slide 26: North Africa | Sorfert Algérie Overview
North Africa | Sorfert Algérie Overview Key Highlights Overview Recently commissioned, state-of-the-art plant 1.26 mtpa urea and 1.8 mtpa gross ammonia export-focused production complex in Algeria One of lowest cost producers in the world - benefits from competitive long-term gas contract and tax-
Slide 27: Methanol Assets - Overview
Methanol Assets - Overview OCI
Slide 28: Market Overview
Market Overview OCI
Slide 29: Methanol | Robust and Growing Global Market
Methanol | Robust and Growing Global Market Methanol, also known as methyl alcohol or wood alcohol is the simplest of all alcohols With its diversity of applications – from paints and plastics, furniture and carpeting, car parts and windshield wash fluid – methanol is one of the world’s most wid
Slide 30: Methanol | Chinese MTO Changing Global Methanol Demand Landscape
Methanol | Chinese MTO Changing Global Methanol Demand Landscape World Demand Growth (2011 -2025E) 180,000 CAGR = 0.6% 160,000 CAGR = 9.3% 140,000 120,000 100,000 CAGR = 7.6% 80,000 60,000 40,000 20,000 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Core/GDP Fuel Captiv
Slide 31: Methanol | Significant Growth from Fuel Applications & MTO/MTP
Methanol | Significant Growth from Fuel Applications & MTO/MTP Chinese gasoline blending will continue to grow with its expanding population and automobile demand ‒ Europe currently allows blending of up to 3% methanol in gasoline. Countries such as Australia, Israel, Ecuador, Mexico, Egypt, and O
Slide 32: Methanol | Attractive Domestic Market
Methanol | Attractive Domestic Market US Methanol Supply & Demand ’000t Exports Imports Production 20,000 15,000 10,000 5,000 0 -5,000 -10,000 2009 2013 2017 2021 2025 In 2015, the U.S. imported approximately 3.7 million metric tons of methanol to meet its supply deficit (57% of consumption) The
Slide 33: Methanol Assets
Methanol Assets OCI
Slide 34: OCI Partners | Overview
OCI Partners | Overview Facility Overview OCI’s facility near Beaumont, TX (“OCI Beaumont”) is an integrated methanol and ammonia facility strategically located on the Texas Gulf Coast OCI N.V. acquired the Beaumont plant from Eastman Chemical Company in May 2011. Previously the Beaumont plant w
Slide 35: Natgasoline | Greenfield Scheduled for Completion in 2017
Natgasoline | Greenfield Scheduled for Completion in 2017 Natgasoline LLC Overview World scale greenfield methanol production complex currently under development, located in Beaumont, Texas Expected to produce approximately 1.75 million metric tons of methanol per year Well positioned in the U
Slide 36: Natgasoline | Strategic Partnership with Consolidated Energy
Natgasoline | Strategic Partnership with Consolidated Energy 50% Strategic Partner: ‒ In April 2016, OCI and CEL entered into definitive agreements for an investment by CEL in a 50% stake in Natgasoline in participation with OCI CEL adds expertise across the value chain: ‒ One of the world’s lar
Slide 37: Natgasoline | Aerial Site
Natgasoline | Aerial Site 37
Slide 38: BioMCN (Netherlands) | Unlocking Strategic Value
BioMCN (Netherlands) | Unlocking Strategic Value BioMCN Overview Strategic Location in The Netherlands OCI acquired BioMCN in June 2015 for EUR 15M BioMCN is one of Europe’s largest methanol producers and a pioneer in bio-methanol Consists of two plants, of which one operational (440 ktpa) and
Slide 39: OCI N.V. History
OCI N.V. History OCI
Slide 40: Company History
Company History Established in the 1950s by Onsi Sawiris as a construction contractor in Egypt 1950 - Construction Present Developed into a leading industry player across the Middle East, Asia, USA and Europe 1996 - Developed cement group from a single production line in Egypt with capacity of
Slide 41: Listing Information
Listing Information OCI
Slide 42: OCI N.V. Listing Information
OCI N.V. Listing Information Listing Information Headquartered in Amsterdam, The Netherlands Trading on Euronext Amsterdam since 25 January 2013 (Euronext: OCI) Number of shares: 210,306,101 Demerger of Construction business effective 9 March 2015: ‒ $ 1.4 bn repayment of capital to OCI N.V.
Slide 43: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS DOCUMENT IS NOT AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN
Slide 44: For OCI N.V. investor relations enquiries contact
For OCI N.V. investor relations enquiries contact: Hans Zayed hans.zayed@oci.nl T +31 (0) 6 18 25 13 67 OCI N.V. corporate website: www.oci.nl