Yara International : SB1 Markets Energy Conference - February 2026

About this update from Yara International Asa

‌Yara International ASA Magnus Krogh Ankarstrand EVP & CFO ‌ SB1 Markets Energy Conference 25 February 2026 ‌Yara's competitive edges driving sustainable value creation Knowledge Margin Sustained premiums - demonstrated Nutrient Use Efficiency Flexible energy and raw material sourcing >75% of European finished nitrogen products flexible on ammonia source Operational Excellence Strong asset footprint - continuous production records Scale and Global Optimization Scalable logistic strongholds - fertilizer and ammonia Optimized global flows - seasonality and cycles ‌Strong value trajectory looking forward > 600 MUSD sustainable cash flow expansion 2024-2030 1 2024 2026 2030 >180 MUSD fixed cost reduction With high drop-through impact on EBITDA >350 MUSD EBITDA improvement Improve core profitability Improved production margins Value accretive ammonia capacity expansion Continued strict resource prioritization and active portfolio management Continued tight nitrogen markets and lower European gas prices ‌Air Products and Yara projects are a strong strategic fit, with complementary synergies Strong project economics Low-cost gas exposure Project scale 45Q tax incentives Early start in engineering, land and equipment Low-carbon margin opportunities Strong partner synergies Yara's global ammonia position and infrastructure Air Products' industrial gas capabilities and low-emission hydrogen US Gulf (from 2030) LATAM Pockets of low-carbon fertilizer demand Europe Yara is the key gateway to market Yara's infrastructure critical- represents 50-80 USD/t cost advantage to other projects Yara with own consumption need of ~1,5-2mt CBAM drives carbon value into pricing Regulatory demand for renewable ammonia drive additional carbon value - partnerships growing Neom (from 2027) Asia Maturing partnerships and opportunities ‌Committed to sustainable value creation today and beyond Resilient business model with unmatched global production , market presence and competence Asset base tuned for the future - difficult to replicate due to significant replacement cost Diversified product portfolio serving differing farmer demand globally 200 and 350 MUSD underlying EBITDA-improvement by 2027 and 2030 , respectively Flexible pathways to energy diversification and low-cost, low-carbon ammonia opportunities with strong financial returns Business model ideally suited for capitalizing on potential future opportunities Strong balance sheet and commitment to BBB/Baa2 credit rating Committed to increasing Total Shareholder Returns and consistent distributions , with cyclical upside

View stock analysis, news, and events for Yara International Asa