OCI N : Fertiglobe Corporate Update

Fertiglobe Corporate Update

September 2021

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Section 1

Introduction to Fertiglobe

Introduction to Fertiglobe		Nitrogen Fertilizer		Hydrogen and Clean		Fertiglobe Business		Financial Overview		Management and
	Market Dynamics		Ammonia Potential		and Growth Drivers			Organizational Structure

Fertiglobe at a Glance(1)

Leading Nitrogen Fertilizer Exporter Globally and Unique Ammonia Platform(2)

			4 World-class Strategically Located Production Facilities
			Global In-House Distribution Capabilities,
58%		42%	including ~1,000kt Storage Capacity

6.6mt Sellable Volume Capacity

• 5.1mt Urea Production Capacity
• 4.4mt Gross Ammonia Production Capacity
• 0.5mt DEF Production Capacity(3)

		Logistics allowing for		Feedstock Advantaged
		Excellent Freight and
			$2.8/mmbtu H1 2021
		Transport Advantaged, Duty-
Headquartered			Avg. Fixed Gas Price(4)
	free Delivery to East and West
in Abu Dhabi

50%

of Assets Younger

than 10 years

Early Mover in

Clean Ammonia

$781m

LTM Jun-21 Adj. EBITDA(5)

$532m

H1 2021 Adj. EBITDA(5)

Source: Company Information, CRU
Notes: (1) Capacity data as of year end 2020	(4)	Realized weighted average gas price in H1 2021 based on respective gas price arrangements in Abu Dhabi, Algeria and
(2)	Based on 2020 ammonia and urea combined export production capacity in mtpa	Egypt. Gas price arrangements include cost escalation factors and in Egypt increments above certain product price levels	4
(3)	Maximum downstream capacities cannot be achieved at the same time. DEF production capacity not included in the	(5)	EBITDA excluding foreign exchange and income from equity accounted investees, adjusted to exclude additional items
6.6mt sellable volume capacity	and costs that management considers not reflective of core operations

Introduction to Fertiglobe		Nitrogen Fertilizer		Hydrogen and Clean		Fertiglobe Business		Financial Overview		Management and
	Market Dynamics		Ammonia Potential		and Growth Drivers			Organizational Structure

A Strategic Partnership With Strong Shareholder Support

Partnership Geared Towards Growth and Value Creation, Supported by Shareholders with a Strong Track Record

#3 global producer of nitrogen products

#1 & #2 methanol producer in EU & US, respectively

#1 bio-methanol producer

• Remaining OCI NV nitrogen business is predominantly nitrates focused with in-land assets
• Synergistic relationship with Fertiglobe through sharing of global market intelligence
• Numerous initiatives and strategic partnerships to capture the energy transition potential
• Orascom Construction (spun off in 2015) has repeat renewable power project partnerships in MENA

Leading integrated O&G company, entrusted to manage

the world's 6th largest proven O&G reserves

• Fully integrated energy company across the entire value chain
• Key export partner of crude oil & refined products to high-growth Asian markets
• Industry leader for carbon capture with plans to reach 5mtpa of CO2 capture by 2030
• Focus on downstream value creation and 2030 vision
• Strategy to become a global leader in clean hydrogen

Complimentary business to both OCI and ADNOC ecosystems, uniquely positioned to capture value

Source: Company Information, public filings / capacity data

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