Slide 1: Q2 2019 Results Presentation
Q2 2019 Results Presentation 30 August 2019
Slide 2: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by OCI N.V. (the "Company"). By accessing and reading the Presentation you agree to be bound by the following limitations: This Presentation does not constitute or form a part of, and should not be construed as, an offer for sale or sub
Slide 3: Overview Q2 2019 Results
Overview Q2 2019 Results Highlights Summary Key Financials1) and KPIs Q2 2019 Q2 2018 %Δ H1 2019 H1 2018 %Δ Own-produced volumes sold +25% in Q2 2019 vs. Q2 2018 • Quarterly record of 3.1 million metric tons Revenue 953.5 792.7 20% 1,550.0 1,537.5 1% • Total nitrogen fertilizer volumes +23% Gross Pr
Slide 4: Details of Q2 2019 Results
Details of Q2 2019 Results OCI
Slide 5: Financial Highlights - Consolidated Statement of Income
Financial Highlights - Consolidated Statement of Income*) $ million Q2 2019 Q2 2018 H1 2019 H1 2018 Net revenue 953.5 792.7 1,550.0 1,537.5 Cost of Sales (788.1) (632.4) (1,332.1) (1,207.5) Gross profit 165.4 160.3 217.9 330.0 Gross profit % of revenues 17.3% 20.2% 14.1% 21.5% SG&A (51.9) (45.8) (98
Slide 6: Financial Highlights – Reconciliation of Adjusted EBITDA
Financial Highlights – Reconciliation of Adjusted EBITDA Reconciliation of reported operating income to adjusted EBITDA $ million Q2 2019 Q2 2018 H1 2019 H1 2018 Adjustment in P&L Operating profit as reported 110.1 112.7 119.0 262.5 Depreciation and amortization 111.5 102.5 224.8 204.8 EBITDA 221.6
Slide 7: Financial Highlights – Net Income Bridge to Adjusted Net Income
Financial Highlights – Net Income Bridge to Adjusted Net Income Reconciliation of reported net income to adjusted net income $ million Q2 2019 Q2 2018 H1 2019 H1 2018 Adjustment in P&L Reported net income attributable to shareholders 19.9 (39.5) (61.3) (15.0) Adjustments for: Adjustments at EBITDA l
Slide 8: Financial Highlights – Free Cash Flow
Financial Highlights – Free Cash Flow Reconciliation of EBITDA to Free Cash Flow and Change in Net Debt $ million Q2 2019 Q2 2018 H1 2019 H1 2018 EBITDA 221.6 215.2 343.8 467.3 Working capital 87.6 14.7 (17.3) (40.8) Maintenance capital expenditure (26.7) (38.3) (45.3) (58.4) Tax paid (39.5) (0.7) (
Slide 9: Product Sales Volumes ('000 metric tons)
Product Sales Volumes (‘000 metric tons) Q2 2019 Q2 2018 %Δ H1 2019 H1 2018 %Δ Own Product Ammonia 592.1 537.5 10% 959.6 1,061.5 (10%) Urea 857.1 806.5 6% 1,305.3 1,471.4 (11%) Calcium Ammonium Nitrate (CAN) 618.1 343.8 80% 726.8 566.8 28% Urea Ammonium Nitrate (UAN) 459.2 372.3 23% 699.1 714.1 (2%)
Slide 10: Segment Information
Segment Information Segment overview Q2 2019 $ million Nitrogen Nitrogen Europe Nitrogen MENA Methanol US Methanol Europe Eliminations Other Total US Segment revenues 211.0 272.7 305.0 160.8 61.6 (4.8) - 1,006.3 Inter-segment revenues - (0.4) (29.9) (22.5) - - - (52.8) Total revenues 211.0 272.3 275
Slide 11: 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 11