Yara International ASA · OSL:YAR

Yara International ASA — ABGSC Spotlight on Nordic Opportunities Conference 2024

12 slides from Yara International ASA's conference presentation, May 14, 2024

  1. Slide 1: Yara International ASA

    Yara International ASA Thor Giæver EVP & CFO ABGSC Spotlight on Nordic Opportunities Conference Frankfurt, 14 May 2024

  2. Slide 2: Global mission, global presence

    Global mission, global presence 2

  3. Slide 3: Yara strategy focused on profitable decarbonization, strengthening ammonia and crop nutrition core

    Yara strategy focused on profitable decarbonization, strengthening ammonia and crop nutrition core Key global trends Strategic response Key projects and priorities Decarbonize and diversify Climate emergency and energy position through profitable  Sluiskil CCS: FID confirmed, estimated decarbonizat

  4. Slide 4: Yara premium product portfolio uniquely positioned for decarbonization through low-carbon ammonia

    Yara premium product portfolio uniquely positioned for decarbonization through low-carbon ammonia Nitrogen market1 Yara in Europe Global N-market dominated Nitrates and NPK more than 50% of Yara is the global leading nitrate & by commodities W/C Europe market NPK producer Ammonia Other 7% Other CN 3

  5. Slide 5: Nitrates and compound NPKs are the only nitrogen fertilizers that can be produced without CO2

    Nitrates and compound NPKs are the only nitrogen fertilizers that can be produced without CO2 Fossil fuel Ammonia Urea (contains CO2) Urea CO2 CO2 is released upon spreading Fossil fuel Ammonia Nitric acid Nitrates Nitrates No CO2 needed CO2 In blue ammonia, CO2 is captured and permanently CCS store

  6. Slide 6: Yara's premium production capacity is already based on ammonia imports

    Yara’s premium production capacity is already based on ammonia imports Assets Ammonia source Nitrate and NPK capacity Sluiskil Own production (flexible) Glomfjord Fully flexible on own Porsgrunn production vs import Silinjarvi Tertre Own production (flexible) Uusikaupunki Porsgrunn Glomfjord Import

  7. Slide 7: Low-carbon ammonia will strengthen Yara's core nitrate upgrading margin

    Low-carbon ammonia will strengthen Yara’s core nitrate upgrading margin Yara can utilize its flexible ammonia position to reduce carbon Yara will strengthen its core nitrate upgrading margin emissions and reduce carbon tax exposure through decarbonization opportunity unique to nitrates Scenarios ass

  8. Slide 8: Yara is actively assessing its portfolio to ensure a fit-for-future footprint

    Yara is actively assessing its portfolio to ensure a fit-for- future footprint Illustration: Yara’s ammonia position in Europe1,2 Mt ammonia Mt CO2 • Yara has a future optionality to consider closing some EU 5.8 10 ammonia production capacity, with our terminal structure in Europe representing a str

  9. Slide 9: 1Q EBITDA reflects increased deliveries and lower prices

    1Q EBITDA reflects increased deliveries and lower prices 1Q 2024 EBITDA1 down 11% from 1Q23 mainly due to lower prices Total deliveries up 12% and European deliveries up 37% from 1Q23 Reduced GHG emission intensity with implementation of key projects Healthy demand growth and limited capacity additi

  10. Slide 10: Reduced GHG emission intensity with successful implementation of key projects

    Reduced GHG emission intensity with successful implementation of key projects and continued focus on operational excellence GHG emission intensity improvement continued in the first quarter On track to achieve the 2025 target L12M, tCO2e/tN  Total project portfolio to reach the target: 90 projects

  11. Slide 11: Healthy demand growth and limited capacity additions support tighter markets

    Healthy demand growth and limited capacity additions support tighter markets once new supply is absorbed Demand-driven pricing in 2023 despite Farmer incentives at healthy levels Project pipeline historically thin strong supply growth  Trend growth rate 2013-2023: 1.9% per year  Urea capacity addi

  12. Slide 12: Yara is playing a leading role in tackling the food crisis and climate change

    Yara is playing a leading role in tackling the food crisis and climate change while enabling the energy transition Focused strategy Profitable growth Strong shareholder returns Resilient and flexible business model Building on Yara’s leading ammonia Strong capital discipline maintained – position to

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