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No liability to any person is accepted by the Company, including in relation to the distribution of the Presentation in any jurisdiction.#32021 is the year of deleveraging, positioning us for strong sustainable growth OCI OCI is a diversified global leader in nitrogen and methanol products providing fertilizers, fuels, and feedstocks to agricultural, transportation and industrial customers Following a period of capital-intensive high growth rates, the focus is now fully on extracting more value out of existing asset base and sustainable growth opportunities Volume growth, combined with favourable market outlook set to drive accelerated deleveraging in 2021 OCI is uniquely positioned to capitalize on the growth opportunities presented by the global transition to a hydrogen economy, allowing it to create value on its path towards decarbonization and sustainability targets 4#4OCI Agenda DE H2 OCI's Unique Positioning Favorable volume and Pricing Outlook Capitalizing on the Hydrogen Opportunity Focus on Value Creation and Capital Discipline Appendix 4#5OCI Safety first: commitment to zero injuries OCI is committed to providing a safe and healthy workplace for all employees and stakeholders by implementing the highest international safety standards to avoid any potential risks to people, communities, assets or the environment Total TRIR (Total Reportable Incident Rate) 1,2 Target zero injuries at all facilities 0.83 0.55 -72% 0.39 0.41 0.36 ↓ 0.30 0.23 2014 2015 2016 2017 2018 2019 2020 OCI's track record vs industry average Industry avg.³ OCI 0.35 0.09 0.12 LTIR 1.24 Employee TRIR (1) Includes both employees and contractors; (2) Per 200,000 hours worked (3) Industry averages for 2019 as compiled by International Fertilizer Association (IFA) ■ Goal to achieve leadership in safety and health standards by fostering culture of zero injuries at all production facilities ■ OCI has achieved some of the lowest numbers in our global industry in the past 12 months ■ 12-month rolling recordable incident rate at the end of December was 0.23 incidents per 200,000 manhours ■In March 2020, we established a dedicated COVID-19 taskforce to ensure the safety of our employees and business continuity. 5#6OCI Established entrepreneurial track record and history of growth Strong investment track record in developing, acquiring and divesting businesses ORASCOMA CONSTRUCTION INDUSTRIES ORASCOMA CONSTRUCTION INDUSTRIES Construction Established in 1950 by Onsi Sawiris as of c. $600m construction company IPO Floated on Egyptian Exchange at an EV Cement Divestment Divested cement business to Lafarge at an EV of $15bn LAFARGE US expansions Acquired a mothballed OCI Beaumont (2011) Listed OCI Partners at NYSE (2013) OCI Transformation into OCI N.V. ORASCOMA CONSTRUCTION Construction Demerger Orascom Construction demerged, where OCI N.V. becomes pure-play natural gas-based fertilizer & chemicals company OCI BEAUMONT Port Divestment $700m sale of OCI Start construction of IFCO (2012) OCI N.V. listed on Euronext Amsterdam (2013) developed container port to DP World OCI Establishment of Natgasoline (2012) (2015) IOWA FERTILIZER DP WORLD natgasoline Fertiglobe An ADNOC and OCI Company Fertiglobe Established a 58/42% JV with ADNOC to create the world's largest export-focused nitrogen fertilizer producer (2019) 1950 1996 1999 2004 2007 2008 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Cement Build-Up Started developing cement group in Egypt to become global top 10 producer in 2007 Construction Acquired 50% of The BESIX Group Natural Gas Based Products Acquisition EFC (2008) Acquisition EBIC (2005 and 2009) Acquired Royal DSM N.V.'s Agro & Melamine for €310m (2010) Sorfert in Algeria greenfield starts production (2013) Acquired BioMCN for €15m (2015) EFC EBIC OCI NITROGEN BioMCN natgasoline Natgasoline transaction Sale of 50% Natgas stake to Proman Inaugural int'l bond issuance Successful debut offering of $1.15 billion senior secured bond split as $650 million and €400 million notes 6#7Diversified global leader in nitrogen and methanol products Significant Investments in New Capacity Completed OCI's Capacity Growth 2008 - 2020 (mtpa) Diversified Product Portfolio 2020 Production Capacity by Product 16.2 State of the Art and Young Asset Base Youngest asset base relative to global peers with approximately 34% of OCI production capacity under 5 years old 25 25 Gross Capacity (mtpa) 5 15 20 OCI о 1.3 Major Growth Capex program complete 4.0 8.4 7.6 2008 2010 2012 2015 2020 Nitrogen Methanol Global Nitrogen Fertilizer League Table¹ 52% Net Ammonia 15% Urea 34% ■CAN 10% UAN 16% 18% 13% 8% 9% Methanol 18% ■Melamine 1% ■DEF 6% >40 years 30-40 years 20-30 years 10-20 years 0-10 years Global Seaborne Export League Table² Global Methanol League Table³ Largest global melamine producer Largest seaborne nitrogen export platform globally Sellable Ammonia and Urea Export League Table (mtpa) Fertiglobe Player #2 Player #3 Player #4 " Player #5 OCI MENA 6.5 6.3 6.0 5.4 4.9 4.4 CFIndustries OCI Nutrien EUROCHEM YARA 10 8 Largest bio-methanol producer Largest producer in Europe 2nd Largest producer in U.S. Gross Capacity (mtpa) N 6 + 2.1 0 Partnership completed 30- Sep-2019 Source: Company estimates, public filings, CRU, Fertecon, Integer. Estimates based on published capacity data and historical exports 1 Nitrogen fertilizer capacity based off total fertilizer capacity including gross ammonia capacity for peers and OCI. Downstream maximum capacities at each of IFCO and OCI Nitrogen cannot be achieved simultaneously; 2 Annual production capacity; 3 Adjusted for 50% of Natgasoline not owned by OCI. methanex the power of agility سابك Sabic CEL ZAGROS PETROCHEMICAL OCI 7#8OCI Nitrogen production capacity and commercial footprint Iowa Fertilizer Company (IFCO) - Iowa, US ■ Production and sales started April 2017 Product¹ ktpa Ammonia (net) 195 UAN 1,832 Urea 438 DEF 1,019 N-7 Marketing JV ■ Established: May 2018 ■ JV between OCI and Dakota Gasifica (N7 ☐ Company on marketing of nitrogen products Ammonia, Urea, UAN, and DEF ■ Since Jan 2020 exclusive marketer of Dyno Nobel DEF in North America OCI Nitrogen - Netherlands ■ Acquired: 2010 Product¹ ktpa Ammonia (net) 350 CAN 1,560 UAN Melamine 730 219 Nitrogen Footprint Sorfert Algerie - Algeria ■ Commissioned: 2013 Product Urea ktpa 1,259 Ammonia (net) 803 Fertíglobe ADNOC and OCI Company Egyptian Fertilizer Co (EFC) - Egypt Acquired: 2008 Product Urea ktpa 1,648 Egypt Basic Industries Corp (EBIC) - Egypt Acquired: 2009 Product Ammonia ktpa 748 Fertil (Abu Dhabi) ■ Added in 2019 merger ■ Commissioned: 1980 (Fertil 1) & 2009 (Fertil 2) Product Urea Ktpa 2,100 Perimeter of Fertiglobe JV (58% OCI / 42% ADNOC) Production footprint facilitates a global approach to our commercial strategy/Bespoke footprint focused on low cost base and advantaged logistics to end-user 1 Maximum downstream capacities cannot be all achieved at the same time 8#9Methanol production capacity and commercial footprint OCI Beaumont (Texas, US) United States Product Methanol Ammonia ktpa 1,0041 356 ✓ Strategically located on the Texas Gulf Coast ✓ Capable of producing both methanol and bio-methanol Global OCI Methanol Marketing Wholly owned subsidiary marketing OCI's 3.0Mt of methanol portfolio globally The distribution platform's global footprint and distribution allows it to optimize trade flows to enhance netback pricing ✓ Distribution offices in Houston, New York and Amsterdam, with centralized commercial decision-making Natgasoline LLC (Texas, US) ■ Ownership: 50%² ktpa Product Methanol 1,807 Commercial production started in June 2018 ✓ One of the world's largest methanol plants OCI Fuels Wholly owned entity that sells our biofuel production from OCI Beaumont and BioMCN to the fuel market and industrial customers Secures sizeable amounts of biogas from various landfills, anaerobic digesters and waste- water treatment plants Only methanol producer with production plants in the US and Europe and largest global bio-methanol producer OCI 1 Includes 125ktpa added in July 2019 as a result of debottlenecking project; 2 JV with Consolidated Energy Ltd Acquired: 2015 Europe BioMCN (The Netherlands) Product Methanol ktpa 991 ✓ Connected to the national natural gas grid - itself connected to the integrated NW Europe network ✓ Easy logistical access to major European end markets via rail and sea freight from Delfzijl and road and barge from terminal in Rotterdam Winner of Dutch National Enlightenmentz Awards for an innovative green methanol production process converting carbon dioxide and hydrogen into bio-methanol ✓ Capable of producing both methanol and bio-methanol 9#10Ammonia and methanol are versatile and have a diverse set of end applications Ammonia: End-Use Applications Examples Ammonia is primarily utilized in fertilizers, but also supports a diverse array of industrial applications. Nitrogen (ammoniated) fertilizers need to be applied every year unlike P & K. 2020 Ammonia Demand by End Market (100% = 191 Mt) Technical Methanol: End-Use Applications Examples 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 widely used industrial chemicals 2020 Global Methanol Demand by Derivative (100% = 102 Mt) Others 6% Other 10% NPK 1% Direct 3% Phosphates 6% Urea 53% >70% of ammonia downstream demand is for AS 4% fertilizers UAN 6% CAN 3% AN 8% MTO, 30% DME, 3% Biodiesel, 3% Fuel/Energy Fuel blending, 14% Methylamines, 2% Formaldehyde, 24% Acetic Acid, 8% MTBE, 11% MMA, 2% Methyl Chloride, 2% Methyl Mercaptan, 2% GDP Core Durable Consumer Thermoset Bumpers Fertilizers Animal Nutrition Automotive Goods Fuels Plastics and Resins Aerosols Healthcare Plastics & Resins OCI Source: IEA 2019, CRU, OCI Textile Healthcare Cosmetics Decorative Laminates Textiles MDI/MDF Windshield Washer Electronics 10#11OCI's existing premium priced sustainable products are underpenetrated, fast growing and are key to decarbonizing the road transport sector OCI's bio-methanol will help decarbonize the transport sector and is key to meeting US, UK and EU renewable fuel targets Bio-methanol is a fast-growing product with sales volumes increasing at a 75% CAGR since 2018 • Very underpenetrated market with EU regulation requiring a 17% annual increase in advanced bio-fuels use through 2030 • To meet growing demand OCI, an industry leader in biogas procurement, can produce more than 150kt of bio-methanol annually with significant upscale possible as market grows o Fuel use developing rapidly globally with ~20 pilot projects underway Our Fuel Products Bio-Methanol Bio-MTBE (tolling arrangements) Bio-Methanol/ Ethanol Mix Key Transport Markets Cars Tankers Biodiesel Feedstocks include: Food Manure Sewage Municipal sludge organic waste waste Our fuel products have 4 key advantages OCI⭑ BEAUMONT BioMCN Bio- Methanol 1 Advanced second generation bio-fuels 2 Lower consumption of fossil fuels 3 Provide an outlet for biowaste to reduce methane emissions from waste sources 4 Provide up to a 60% reduction in GHG emissions OCI 11#12DEF eliminates NO from diesel exhaust emissions and improves fuel Χ efficiency in SCR equipped engines¹ DEF demand is expected to grow by more than 15% per annum over the medium-term DEF is priced at a premium to urea and is one of OCI's fastest-growing products • Diesel Exhaust Fluid (DEF) is a combination of 32.5% urea and 67.5% de-ionized water • • • • OCI 1. DEF is used in Selective Catalytic Reduction engines (SCR) to reduce NOx and particulate emissions from diesel combustion Growth driven by regulations in the US and EU requiring replacement of older non-SCR-equipped vehicles, coupled with increased dosing rates in newer generation diesel engines DEF market in China has been growing rapidly on the back of strict environmental regulations on local air quality DEF is dosed at 2-6% of diesel consumption DEF has demonstrated a ~5% improvement in fuel economy and uses diesel fuel more efficiently DEF is Diesel Exhaust Fluid • 34% YoY growth in DEF volumes achieved in 2020 by N-7, marketing JV with Dakota Gasification that also has the offtake for Dyno Nobel's products a IFCO is ideally positioned geographically to transport DEF to key customers and can produce 1 million mtpa DEF own produced and traded volumes 2017 - 2020, Mt DEF N-7 JV volumes DEF total own product sold +48% 863 227 ୮ 582 73 275 636 14 509 261 7 2017 2018 OCI 2019 2020 DAKOTA Great GASIFICATION Plains COMPANY A BASIN ELECTRIC POWER COOPERATIVE SUBSIDIARY DYNO Dyno Nobel N7 IOWA FERTILIZER SINFUELS 12#13OCI's strategic footprint will capture the hydrogen potential We are uniquely positioned to drive the hydrogen economy through our geographic presence & product mix Nitrogen and methanol assets located inland and on US Gulf with direct access to key infrastructure allowing us to capitalize on abundant wind and solar power Nitrogen and methanol assets with direct access to hydrogen pipeline infrastructure coupled with strategic European import terminal at Rotterdam Optimal solar/wind resources Least Most OCI production assets Strategically located on the East and West of the Suez Canal allowing exports from MENA to Europe as green ammonia or as an energy carrier OCI's unique advantages One of the largest ammonia and methanol producers in the world • Only methanol producer with plants in the US and Europe and only nitrogen producer with plants in the US, Europe and MENA Strategic locations on the busiest shipping lanes in the world • Largest exporter globally of seaborne. merchant ammonia and urea Plants have ample access to low cost solar and wind sources with access to large areas of barren, flat land • MENA assets best-placed to fulfill Europe's hydrogen import needs • Existing European infrastructure & assets are excellent for importing hydrogen as ammonia OCI Source: Derived from IEA hydrogen cost from hybrid solar PV and onshore wind systems in the long term 13#14OCI's commitment to a sustainable world Driving decarbonization with a focus on sustainable value creation and contributing to the UN Sustainable Development Goals (SDGs) OCI's contribution to the SDGs וחחו Environmental Driving • sustainable • performance Leading player in sustainable agricultural and fuel solutions Committed to 20% GHG intensity reduction by 2030 and carbon neutrality by 2050 90% Lower N₂O emissions • Uniquely positioned to enable the energy transition for transport, feedstock, and industrial applications • Delivering rapidly through operational excellence while leveraging strategic partnerships for long-term projects than the industry average¹ 76% Seawater intake in high water stress regions AFFORDABLE AND CLEAN EMERRY LIFE BELOW WATER 13 CLIMATE 15 | ON LAND CLEAN WATER MEISTRY, INNOVATION AND INFRASTRUCTURE Social Diversity & Inclusion • Committed to 25% female senior leadership by 2025, with groupwide D&I program launched in 2020 (D&I) Governance Robust governance • · and reporting • framework encourages best practices across our value chain • Fostering an inclusive culture, where diversity is recognized and valued, and local talent is developed Board level oversight with focus via the HSE and Sustainability Committee Executive Directors' compensation tied to a basket of ESG metrics and operational excellence Robust governance policies and procedures in place for employees and business partners to uphold our commitment to ethical conduct Continuous drive to improve transparency, adding TCFD and SASB disclosures to 2020 annual report and plan to report to CDP in 2021 16% Increase female-to- male hires 100% Employees enrolled in compliance framework training program 72% Improved TRIR in 2020 vs 2014 100% Suppliers required to adhere to Supplier Code of Conduct GENDER EQUALITY KO 1 POVERTY DECENT WORK AND ECONOMIC GROWTH ZERO MINGER RESPONSIBLE CONSUMPTION AND PRODUCTION со SSS PARTNERSHIPS FOR THE GOALS OCI 12019 IFA Environmental Benchmark Report 14#15OCI Agenda HE 亀 H2 OCI's Unique Positioning Favorable volume and Pricing Outlook Capitalizing on the Hydrogen Opportunity Focus on Value Creation and Capital Discipline Appendix 15 15#16Volume growth delivered; price recovery accelerating deleveraging Delivering New Capacity Ramp-up Volume growth in 2020 and 2021 。 Ramp-up of all new capacities complete as of Q3 2020: ➤ Healthy volume growth in 2020 ➤ Full year contribution from ramp-up in 2021 。 Strong focus on operational excellence: ➤ Continually drive utilization rates to consistently higher levels Driver of improving FCF generation Benefit from Competitive Cost Positions Cash conversion metrics 。 Globally competitive position with access to cheap feedstock and young asset base: ➤ OCI is one of lowest cost producers globally. ➤ Youngest asset base with sustainably low levels of capex ➤ Industry cost curve moving up - OCI advantage increasing 。 Capital structure optimization: ➤ Substantially lower cash interest in 2021 compared to 2020, expected to continue to fall ➤ Attractive low tax compared to peers (MENA low tax jurisdiction; NOLS in US and Europe → Driver of improving FCF generation Well Positioned for Market Upsides Price recovery 。 Outlook for OCI's end markets has improved considerably in recent months: о ➤ Significant increases in selling prices since trough, in particular methanol ➤ Significant recovery in global nitrogen prices on robust demand in key markets Increase of $25/ton for all products: ➤ Adds >$330m to group adj. EBITDA on an annual basis, all else equal Significant upside from price recovery OCI Well Positioned for Future Deleveraging and Improved Credit Metrics → Inflection point for OCI 16#17OCI Following record 2020, healthy step-up in sales volumes expected in 2021 Own Produced Volume Sold, Mt Methanol Nitrogen Q4 2020: Methanol expected to drive volume growth in 2021 9.9 ■ Total own-produced nitrogen product volumes increased 10% YoY, driven by strong growth in all regions Total own-produced methanol sales volumes increased 48% YoY due to a significant step-up in production at OCI Beaumont and BioMCN, despite downtime at Natgasoline. 3.3 3.1 2.9 2.8 2.7 2.2 12.2 Q4 2020: Total Own-Produced Volumes +15% YoY 10.3 8.3 3.4 1.7 2.7 2.9 2.5 2.8 2.3 2.3 1.8 1.3 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 2019 2020 2021 17#18OCI Favourable outlook for nitrogen fertilizers Nitrogen prices recover to mid-cycle levels Urea, CAN and UAN Pricing ($/t) 600 550 500 450 400 350 300 250 200 150 100 Jan-10 Jan-11 Jan-12 Jan-13 Urea Granular FOB Egypt Jan-14 UAN Bulk FOB US Midwest Spot Jan-15 Jan-16 Current Urea, CAN and UAN prices have recovered from trough prices, up 42%, 34% and 100% vs. Dec-2020 Jan-17 Jan-18 Jan-19 CAN Bulk CIF Germany Jan-20 Jan-21 Attractive supply-demand fundamentals and steepening cost curve Bull Market Drivers Expected to Support Higher Nitrogen Prices ww ww www سدا CROP PRICES TO REMAIN STRONG Rising crop prices and corn >$5/bushel on strong Chinese demand is supportive of global nitrogen demand and prices. India stepping back into the market in March and outages in the US further supportive of pricing GAS PRICES IN EU STAY HIGH NEW CAPACITY DELAYED INDUSTRIAL DEMAND RECOVERY Low storage levels in Europe and higher demand for gas in Asia to maintain high gas prices with current TTF Futures pointing to ~$6/MMBtu - raising cost floor, lowering utilisation rates and providing support for prices New low-cost capacity expected to commission faces uncertain timing given the impact of COVID-19 on construction, tightening the urea market significantly. No additions expected for nitrates and merchant ammonia availability expected to decline Demand rebounding. Expected rebound in industrial demand forecast in most key markets will be supportive of prices when fertilizer demand is seasonally lower Source: Company information, Fertilizer Week 18#19Global agricultural fundamentals set to remain positive Global crop prices rally setting the tone for a bullish 2021 160 140 120 100 Corn Soy Wheat Corn + 27% since Jan at $5.53 Soy +17% since Jan at $14.15 Wheat +6% @ $6.38 China doubles corn imports with large purchases from the US ■ Ukraine ■ USA ■Laos ■Myanmar ■Other 24 20 16 Chinese corn prices have surged as China rebuilds its swine herd. Most of the increase in imports is sourced from the US and given the arbitrage to import corn, further growth is expected in 2021 +95% 80 60 40 Jan-11 Sep-11 May-12 Jan-13 Sep-13 May-14 Jan-15 Sep-15 May-16 Jan-17 Sep-17 May-18 Jan-19 Sep-19 May-20 Jan-21 Nitrogen affordability remains positive despite price rally 115 95 75 55 35 Urea DAP MOP Higher fertilizer prices offset by crop prices rising at faster pace. Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 OCI (3) Crop prices as of 29-March-2021. Source: OCI Analysis, CRU, Bloomberg, affordable Less More affordable 12 8 4 0 2017 2018 2019 2020 2021 High crop prices in Brazil supports urea affordability and demand 50 30 10 тим Notes (1) Fertilizer Affordability is calculated as a ratio of fertilizer prices to a basket of crop prices. More favorable affordability levels driven by crop prices rising faster than nitrogen values (2) Urea Barter ratio is a measure of affordability in Brazil. It is calculated as a ratio of the price of a 60 kg bag of corn vs the price of a tonne of urea High corn prices indicate to improving fertilizer affordability in Brazil, supportive urea demand. Safrinha delays raised imports in Q1 2021 and farmers to plant intended acreage - up 3% y/y Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Less affordable affordable More 19#20Methanol and ammonia prices have rebounded Industrial nitrogen markets structurally tighten Ammonia prices have room to rise further Methanol prices benefit from demand recovering Spot prices +150% since trough in June 2020 700 800 700 600 500 노 as high cost producers shutdown with no capacity additions until 2023 600 and market balance tightens significantly 500 400 400 300 ہیں 300 200 200 100 100 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 USGC Contract USGC Spot -China CFR Main Ports Ammonia Bulk FOB Middle East Spot 10-Year Average Ammonia Middle East ■ Significant upside for ammonia prices o Positive fall season in the US with low inventories going into 2021 ○ Benefiting from a recovery in industrial markets, further support from higher Chinese imports o No major new merchant supply until 2023, and closures in Trinidad o Room to catch up with increases in urea prices ◉ Strong recovery DEF markets ■ Melamine tight market conditions as a result of strong demand OCI 。 OCI recently announced price increase of €350/t for Q2 2021 Methanol spot prices have rebounded since reaching trough in June ○ Strength in recent spot pricing has supported higher contract prices in Q1 2021 in Europe and the US o The European contract price in Q1 2021 settled at $476/t and in the US the contract price for April'21 is at $523/t ■ Demand has been improving gradually: o Healthy MTO economics driving higher utilization rates in China o Downstream demand recuperating: fuel consumption picking up; and gradual return of global industrial and construction activity 20 20#21Limited new supply additions to support improving prices Urea capacity additions slow relative to 2015-19 Global urea capacity additions ex-China, Mt 24 Merchant ammonia market expected to significantly tighten Global ammonia capacity additions ex-China ex-urea, Mt 4 Capacity additions over the next five years expected to be less than half of the five year average and subject to delays 3 2 High cost marginal producers in Trinidad permanently shut capacity Capacity additions Demand Growth 11 14 16 2015-2019 2020-2024 Demand Others USA Russia Iran Nigeria India Trend demand growth of >2% per annum expected to more than offset capacity additions '21-25 5-6 years to build new plant from concept to commissioning OCI Source: OCI Analysis, CRU, Argus 1 (1) The commissioning of standalone urea plants would reduce net merchant ammonia capacity (2) 2016 2017 2018 2019 2020 2021 2022 2023 2024 Methanol Global Supply and Demand Balance, 2015-2024F Methanol capacity vs demand growth, Mt ■Capacity 24.2 19.1 New capacity additions of 6% needed to meet expected demand growth of 12% from 2021-24 6.4 4.6 2015-2019 2020 Demand 13.4 10.5 2021-2024 21 21#22c.$2.7/mmBtu Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Henry Hub TTF Ukraine Chinese Anthracite Coal price OCI gas consumption per region at run-rate production Significant advantage from fixed gas price contracts Fixed price weighted avg Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 Higher costs for marginal producers supportive of prices Global Feedstock Prices 2016-2021F, $/MMBtu 14 12 10 864 20 Cash Costs per ton of Ammonia 2016-2021F, $/t 600 500 400 300 200 100 0 Marginal costs have escalated on high end of cost curve ΜΕΝΑ 51% US + EU 49% Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 OCI Nitrogen is in top quartile plant on a gas to ammonia conversion efficiency perspective compared to European peers as a result of significant investment by OCI and both OCI Nitrogen and BioMCN purchase off of liquid TTF market Note: Average North American production assumed to be 37.2 MMBtu per ton of ammonia for feedstock; Average European production assumed at 37.8 MMBtu per ton of ammonia for feedstock; Average Ukrainian production assumed at 38 MMBtu per ton of ammonia for OCI feedstock; Chinese production assumed to be 1.12 tons of coal for feedstock Source: Bloomberg, CCTD, CRU, OCI May-19 Jul-19 Sep-19 Nov-19 United States W. Europe Ukraine -Chinese marginal costs ■ Fertiglobe has significant competitive advantage as result of long-term fixed gas supply agreements Strategic locations with access to key ports on the Mediterranean, Red Sea and Arabian Gulf As a new greenfield facility, IFCo has lower energy costs than average for US plants and is positioned in the lowest quartile of global cost curves - High netbacks supported by IFCo's strategic location in the US MidWest 222 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21#23OCI Agenda HE H2 OCI's Unique Positioning Favorable volume and Pricing Outlook Capitalizing on the Hydrogen Opportunity Focus on Value Creation and Capital Discipline Appendix 23#24Capitalizing on the Hydrogen Opportunity OCI OCI's unique strategic geographic and product footprint will drive the hydrogen transformation through value enhancing opportunities to decarbonize food, fuel, and feedstock Focus on value creation and maintaining strong capital discipline when pursuing decarbonization through new strategic initiatives with >12-14% threshold unlevered IRR, with a large proportion of our targets achievable with limited incremental capital spend Leveraging product portfolio and global geographic presence to benefit from demand pull and customer willingness to pay for low carbon food, fuel, and feedstock Accelerated focus on operational excellence to maximize production efficiencies, minimize emissions and waste, and maintain industry leading HSE performance, with >$75 million p.a. of additional EBITDA expected to materialize in the next 3-5 years Commitment to decarbonize with a -20% greenhouse gas intensity reduction target by 2030 using 2019 as a baseline and carbon neutrality by 2050; groupwide target of 25% female senior leadership by 2025 Underpinned by strong governance with incentives tied to ESG and dedicated focus from our Board of Directors through the HSE and Sustainability Committee NASHWAN 24#25Our approach to climate change To limit global warming, the world needs to rapidly reduce annual emissions We are committed to being an environmental steward and have aligned our strategy to the world's goal of combating climate change, as established through the 2015 Paris Climate Agreement Global CO2 emissions, Gt CO2/ year 80 • Governments have set targets for the 1.5-2°C pathway EU Green Deal to cut emissions by 55% in 2030 and reach net zero by 2050 • US recommitted to Paris agreement targeting net zero by 2050 and shaping green deal Continued growth ("business as usual") leads to warming up to 5°C OCI's focus markets need to contribute to these emission reductions We aim to achieve our targets through a comprehensive climate strategy that includes investing in cleaner technologies and projects, recycling and reusing resources, and cooperating with our stakeholders, industry peers, governments, and other institutions in the fight against climate change. Through their respective cycles, our end products all contribute to the fight against climate change by aiding the sequestration of carbon in farming, land reclamation, and elimination of transport emissions. 60 60 -30% Industry OCI focus markets 40 40 2°C pathway -10% Transport OCI's focus markets account for ~60% of emission reduction potential -20% Agriculture 20 20 1.5°C pathway -20% Power -10% Waste -10% Other OCI indirect markets OCI also indirectly influences ~30% of further emission reduction potential Other markets OCI 0 2010 2020 2030 2040 2050 Source: United Nations Emissions Gap Report 2019 25 25#26Hydrogen Economy is the largest value accretive opportunity for OCI OCI opportunities: ammonia and methanol are the only hydrogen carriers capable of decarbonizing our key sectors Growth in hydrogen demand driven key OCI sectors¹ EU to invest >€1 tn by 2030 US announces a $2tn Climate Change Bill 10x green H₂ 2020 2030 2040 2050 Ammonia and methanol form ~50% of grey hydrogen use and are key products in achieving a green hydrogen economy Blue/Green ammonia +1 Power generation Transportation Global GHG emissions Building heating and power Agriculture 20% Industry energy Enabler for low carbon farming New A Fuel 10% feedstock uses Existing feedstock uses No CO2, SO, or particulate emissions upon combustion Conventional Decarbonized Needs less refrigeration Bio / Green methanol (-33°C NH3 vs -253°C H₂) Green feedstock for chemicals and low-cost solution to transport H₂ 70% higher energy density than H₂ Effective and easier to handle than H₂ Cleaner burning low carbon fuel in marine transport. Widely used in road transport Efficient and promising green feedstock for chemicals in many end- markets 84% higher energy density than H₂ Production cost of hydrogen expected to come down rapidly $/kg H₂ Feedstock or energy carrier 30% 6 -25% 1 Renewable energy electricity cost declines 5 2 4 -25% Electrolyzer capital cost declines 32 T -10% 3 Other: efficiency and O&M improvements 1 0 2020 Green Blue Optimal green² Natural gas or renewable H2 sources H2 800-1 OCI 2030 2040 2050 I Ⓡ Food Ainu Fuel Feedstock 1. Grey H₂: produced via fossil fuels such as natural gas. Blue H2: natural gas is split into H2 and CO2 either by Steam Methane Reforming or Auto Thermal Reforming; CO2 is captured and stored (Carbon Capture Storage or CCS). Green H₂ produced by splitting water by electrolysis which uses power from renewable energy sources such as wind and solar. Biomass can also be used to produce green H2. This produces only hydrogen and oxygen, with no negative CO2 impact. 2. Optimal green refers to green ammonia produced using wind/solar energy in the Middle East OCI Source: Hydrogen Council, McKinsey 26#27Transition to hydrogen economy is key to global decarbonization Ammonia and Methanol have a pivotal role in the Global Road-to-Zero Challenge Hydrogen as feedstock Blue/green production As hydrogen carriers as green fuel and as battery to store H, OCI 33 OCI Multiple decarbonized end markets Fuel cell vehicle Grey Ammonia / Methanol Ammonia can be a battery to store hydrogen Construction Feedstocks: . Grey H₂ produced via conventional fossil fuels such as natural gas • Blue H₂ from industrial gas suppliers, produced either by Steam Methane Reforming or Auto Thermal Reforming; CO2 is captured and stored (Carbon Capture Storage or CCS) Blue Methanol Green Methanol Bio-Methanol Agriculture Industry II 費 Ammonia power plant Biogas from waste sources Green ammonia and methanol as hydrogen carrier and as green fuel Blue Ammonia • Green H₂ from electrolysis via renewable sources (incl. solar and wind) Transportation Textiles Green Ammonia 27#28OCI's MENA assets ideally positioned to capitalize on abundant renewable energy and supply Europe's hydrogen shortfall Capitalizing on execution track record with strong public and private partnerships in place OCI's MENA assets are the ideal exporters of H2 / Green NH3 to EU Ammonia fuel supply potential Existing ammonia facilities and infrastructure represent ideal platform to plug-and- play green/blue H₂ OCI is exploring a pilot green ammonia project in Egypt using attractively priced wind/solar energy or waste gasification OCI, in conjunction with ADNOC through the Fertiglobe joint venture, is well- positioned to capture the huge potential demand for ammonia as an energy carrier and marine fuel. S Fertiglobe أدنوك ADNOC An ADNOC and OCI Company EU has committed ~EUR 7 bn in direct funding and ~EUR 30 bn in public and private sector financing to promote Green H₂ in Southern Mediterranean (including Egypt and Algeria) between 2021-2027 Net H₂ deficit market Strong public and private partnerships OC has developed a 250MW wind farm in Ras Ghareb, Egypt in consortium with Engie and Toyota Strategic partnerships with governments and relevant renewable players to accelerate implementation in the UAE and Egypt, subject to supportive regulatory environment and national environmental targets Orascom Construction (OC) (spun off in 2015) has repeat power project partnerships in MENA o Developed 28GW of generation capacity, including 12.5GW in Egypt Commissioned in 2020 and located in high intensity onshore wind region near EBIC and EFC in Sokhna Attractively priced with avenue for further growth along wind corridor Finalizing agreement to triple wind generation capacity to 750MW by 2024 ORASCOM CONSTRUCTION ENGIE TOYOTA OCI production assets MENA NH3 / H₂ exports to EU OCI 28#29OCI will capture the transition potential with numerous key initiatives underway Strategic partnerships with industry leaders on announced projects in Europe, and lower carbon projects being developed across our global asset base ESSAR OIL UK > AnQore ExonMobil Bio-fuels and bio-feedstocks OCI produces bio-methanol and low carbon ammonia from biogas. Supply agreements of biofuel blends with Essar Oil and Exxon Mobil UK entities #1 Bio-methanol Producer Bio-methanol has 60% GHG savings potential vs petrol/ gasoline and is a 2nd generation biofuel FUREC RWE Waste-to-Hydrogen¹ Partnership with RWE to purchase green and circular hydrogen from mixed waste gasification at minimal investment for OCI Hydrogen will replace 20% of the fossil- based natural gas intake in OCI Nitrogen's ammonia plants Target to be operational by 2024 ~380 KTPA CO₂ total abatement identified in the broader value chain, of which 160 KTPA at OCI Nitrogen Technology is up-scalable N RWE Renewable methanol from green hydrogen¹ 1. Partnership with Nouryon to produce green hydrogen through offtake produced with 20MW electrolyser and can be scaled up to 60MW in the future 2. Partnership with RWE to produce green hydrogen through offtake produced with a 50MW electrolyser with direct connection to RWE's Westereems wind farm Target to be operational by 2024 ~45 KTPA CO₂ phase 1 abatement at BioMCN Up-scalable in multiple phases OCI NITROGEN Carbon Capture and Storage (CCS) Various CCS projects in development in the Netherlands, US and MENA The blue hydrogen pathway is a cost- effective decarbonization opportunity, pending carbon prices and subsidies In the Netherlands, CO2 emissions from the ammonia production process to be captured and stored under the North Sea ~485 KTPA CO2 abatement potential at OCI Nitrogen OCI Subject 1Subject to supportive subsidies and definitive documentation 29#30OCI's products are key to decarbonizing the maritime sector Emissions, CO2/ MJ (indicative) Fuel oil LNG LPG Hydrogen Ammonia Methanol Diesel Battery More practical/available Less practical/available Grey/brown Blue Green OCI OCI OCI Practical / available for long distances Low volumetric density, expensive storage, no infrastructure | Lowest abatement cost, widely produced and handled Liquid, interchangeable/seamless with current infrastructure Supplied to other industry offtakers Too heavy and voluminous, limited charging infrastructure Shipping makes up 3% of global GHG emissions and is one of the hardest sectors to decarbonize Ammonia and methanol will likely be the only green fuels that can be used for maritime applications, as other green fuels are not very practical (hydrogen/ battery) or available (biodiesel) OCI can supply both ammonia and methanol, and intends to use the grey and blue pathway as a bridging solution until the industry has fully scaled up OCI Source: Trafigura, IMO 4th GHG report, E.Lindstad (decarbonizing marine transport) 30#31OCI's products are key to decarbonizing the maritime sector Cost of container ship and bunkering location in the Middle East from 2030E (€ mn per annum) XX CO2 cost required to break even with HFO, EUR/ton XX Additional price per jeans, EUR O&M Capex Fuel ~70 ~150 ~180 ~350 0.11 0.24 0.28 0.58 48 24 25 27 28 29 34 36 Heavy Blue Grey Grey fuel oil Methanol Ammonia Ammonia Ammonia Methanol Hydrogen ICE1 Green Green Green Green Ammonia Fuel Cell 2050 outlook for ammonia and methanol as a substitute for HFO (metric ton) vs negligible current consumption 4-5x production and >35x merchant ammonia traded volumes 750-900 6-7x / 103 650-720 ■ Ammonia and methanol are the only practical alternatives for long-distance shipping. Both fuels, even without the implementation of decarbonization technologies, already have a lower environmental footprint compared to conventional fuels. ■ Without carbon priced in, the grey and blue ammonia and methanol pathways are very close to cost parity compared to HFO. o Using blue ammonia in a ship would start the decarbonization pathway with an improvement potential of >50% GHG reduction ■ With global infrastructure in place, these products can bridge the transition from "grey" to "green" until the industry has fully scaled up to products based solely on renewable energy sources. ■ The maritime fuel market in HFO is expected to grow to approximately 430 Mt by 2050, translating in ammonia and methanol equivalents of 650 - 900 Mt while the current combined global gross ammonia and methanol production is ~290 Mt, indicating a large opportunity for OCI ■ A typical Panamax ship consumes 100 kt of ammonia or 93 kt of methanol per year, which equates to 13% of EBIC's ammonia capacity or 9% of OCI Beaumont's methanol capacity as fuel, saving ~140 kt of CO2 emissions per year. OCI Merchant trade 182 Captive use 163 2020 ammonia production 2050 HFO ammonia equivalent HFO methanol equivalent 1. ICE refers to Internal Combustion Engine, fuel price average between IEA ($850/t and hydrogen council report at USD 630/t Source: 2021 Hydrogen Council report, MMSA, Fertilizer Week, IEA, Argus 2020 methanol production 2050 31#32Strong demand pull and willingness to pay from end customers offsets small increase in end-product price Vessel type and owner Transported good Typical route Container 1 pair of jeans 1 banana 1 TV Dry Bulk 1 ton of iron ore D о Added cost to end product¹ End-product USD Relative price increase of end product¹ Jeans in store 0.13 Typical shipping end client <1% H&M Levi's Banana in 0.04 20% Walmart supermarket Ahold Delhaize Novo Nordisk to suppliers: Switch to green transport or lose us as a customer Major pharmaceutical company Novo Nordisk now tells its 60,000 suppliers that they must both produce and transport their products 100% sustainably from 2030 TV 4 2% amazon SAMSUNG Ton of iron 10 10% Rio Tinto ore delivered BHP Increase of steel 15 4% cost TATA ArcelorMittal Car production 80 <1% cost Mercedes-Benz Tanker 1 ton of ammonia EBIC Ton of ammonia 7 2% NH3 Increase in EU nitrates cost 2 1% OCI 1. Using 100% ammonia, increasing the cost of transportation by ~60%, 2035 Source: Energy Transition Commission Ahold Delhaize 32#33OCI's global distribution network is strategically located at key bunkering hubs on major shipping lanes OCIN/OTE Terminal Rotterdam is next to the busiest bunker hub in the world OCI Beaumont Houston is one of the global bunkering hubs OCI Legend Major bunkering hubs OCI production plants Container ship capacity deployed (width relative to size) Sorfert is 1 day from Gibraltar ERIC Fertil is next to Fujairah, where one-third of the world's sea-traded oil passes through الشركة المصرية للعاني EBIC is located next to the Suez Canal, where 12% of world seaborne trade goes through OCI has production plants located along the busiest trading routes in the world OCI is located at or sufficiently near 3 out of the 4 global bunkering hubs (Rotterdam, Houston, Fujairah, Singapore) The existing footprint creates strategic potential for bunkering stations stopovers, with limited investment for ammonia/methanol fueled ship engines OCI will have a unique starting position across the estimated 40,000 container ship voyages a year 33#34Low carbon attractiveness of green ammonia and methanol by 2050 will drive adoption of grey and blue demand in the 2020s • EASTERN PACIFIC SHIPPING Illustrative adoption of ammonia and methanol in shipping 1. Green Methanol Ammonia Blue/Bio Grey Grey 2020 Adoption phase Assumed all marine oil uptake would be heavy fuel oil 2030 2040 2050 Decarbonizing phase OCI 1. 2. Lower end when burned in more efficient fuel cell, higher end of the range when burned in ICE HARTMANN GROUP THE RIGHT COURSE. WORLDWIDE. GasChem Services [MAN] MAN Energy Solutions OCI has signed MOUs to create a marine value chain and start the commercialization of ammonia and methanol as shipping fuels by 2023/24 OCI, MAN Energy Solutions (MAN) and Hartmann Group ○ Already introduced a methanol-burning two-stroke engine 2. ○ Expect to deliver the first ammonia-fueled engine by 2024 OCI, Eastern Pacific Shipping (EPS) and MAN o Retrofitting of existing vessels from EPS' fleet to methanol and ammonia and new-build methanol and ammonia-fueled vessels o Methanol is a liquid and is interchangeable with most refined products making its adoption seamless with existing bunkering infrastructure o OCI intends to charter the first retrofitted methanol fueled vessel using in-service MAN engines and technology in the next 2 years Maersk announced methanol/ammonia as fuels with the intention of introducing a methanol powered ship by 2025 and ammonia thereafter DFDS, CMB and Viking Cruises, Trafigura, and Transport & Environment announced green hydrogen and ammonia as sustainable products which can be produced in sufficient quantities to decarbonise the industry, adding that biofuels do not offer a sustainable alternative for shipping MAERSK > DFDS CMB TRAFIGURA GROUP VIKING 34#35Metric ton CO₂e / nutrient ton product OCI will drive decarbonization through a 20% emission reduction target¹, achieved with value enhancing operational and environmental initiatives ~12.5-15% emission reduction through new strategic, lower carbon initiatives Blue ~5-7.5% emission reduction through operational excellence ~5% expected at no/low costs in the short- to-medium term, >$75 million p.a. EBITDA to be delivered over 3-5 years ~0-2.5% with capital in the medium-to-long term with focus on economic payback¹ Accelerated focus on reliability, capital performance and energy efficiency Ongoing activities in lower carbon products and switch to RES² at low/no economic cost account for 4% emission reduction Partnerships and lower carbon technologies ensure optimal value creation CCS/U Transition pathway Green Biofuels Purchased blue hydrogen Green hydrogen, ammonia, and methanol from RES² Other solutions Waste gasification Bio-methanol RES to substitute current power (Scope 2) 2.30 2019 GHG intensity baseline OCI 2. RES refers to renewable energy source -10% -20% -15% 1.84 2019 chosen as the base year in line with Science Based Target Initiative recommendations. It was the first year following completion of our expansion program and was restated to include a full year from Fertil and 50% of Natgasoline Operational excellence Lower carbon initiatives 2030 GHG intensity target 2050 carbon neutrality 1. Consolidated scope 1+2 calculated on EU ETS methodology on total ammonia and methanol production on a nutrient ton basis. Ability to achieve these targets is subject to supportive regulatory environment, subsidies, technology advancements, and national environmental targets. Base year GHG emissions will be recalculated with any significant change in business operations (for example, acquisitions or divestments, or a change in product portfolio), corrections to historical data based on availability of more accurate information, or changes to reporting methodology. 35#36Operational excellence drives quick wins in the short-term, coupled with value-enhancing initiatives in the long-term OCI is developing numerous projects at various stages of maturity, with final investment decision dependent on regulation, feedstock availability and price, capex requirements and potential partnerships OCI 1 Operational excellence - Short to medium-term (-5%) Medium to long-term (-5%) 2 Lower carbon technologies¹ 3 Lower carbon products 4 Switch to renewable electricity 2020 2022 2024 2026 2028 2030 Plan Pilot Scaling Continued implemented Maintaining an IRR threshold of 12 - 14% unlevered with continued focus on deleveraging and cost optimization 1. OCI is evaluating a wide range of projects to decarbonize via lower carbon technologies. Implementation subject to supportive regulatory environment, subsidies, technology advancements and national environmental targets • As part of our hydrogen strategy, we have developed a strong pipeline of decarbonization opportunities • Our strategy capitalizes on short- to-medium term quick wins through our operational excellence program, coupled with medium-to-long-term value- enhancing initiatives offering sustained environmental and operational benefits • Operational Excellence to drive - 5% emission reduction at no/low costs in the short to medium term • We will adjust the strategy to ensure an optimal combination of emission reduction potential, prudent capital expenditures, and economic value creation 36#37OCI Agenda HE H2 Ge OCI's Unique Positioning Favorable volume and Pricing Outlook Capitalizing on the Hydrogen Opportunity Focus on Value Creation and Capital Discipline Appendix 37#38Capital Allocation Targets Maintaining strong capital discipline Total Capex Spend (US $m) 1,200 1,000 800 600 400 200 Total Capacity (Mtpa) 18 Total Capex Production capacity 15 12 9 6 о 3 0 0 2015 2016 2017 2018 2019 2020 2021e Prioritizing ESG projects with a short payback period 1,2 Emissions impact, % of total OCI baseline 100 10 1 Demand pull and customer willingness to pay Expected NPV positive initiatives Regulatory support/framework Expected initiatives needing subsidies Legend Size relative to investment requirement Joint venture projects OCI projects OCI projects with low/no CAPEX (e.g. operational excellence) We can achieve a large proportion of our ESG targets and generate positive returns with limited incremental capital spend : 。 45% of our GHG reduction commitment is zero to low capital expenditure, including accelerated operational excellence, switch to renewable energy and expansion of low carbon product portfolio • >$75 million p.a. additional EBITDA to be delivered over 3 - 5 years о We maintain strong focus on low capex / asset light solutions through partnerships (for example waste gasification and hydrogen offtake) о Projects with immediate net-saving returns have been identified across our portfolio and are being implemented No significant capital spending on developing opportunities in marine fuels If any capital is deployed on ESG projects, this will be likely from 2024 onwards, no significant impact 2021 - 2023 unless we see high return opportunities earlier OCI maintains an IRR threshold of >12 - 14% unlevered with continued focus on deleveraging and cost optimization 。 We have identified many projects which can become attractive depending on incentives and market developments о No decisions made with respect to projects, this will be based on subsidies, government regulations, etc. 。 IRR/NPV threshold exists for energy efficiency projects too and we will be opportunistic Additional options can become cost-effective depending on incentives (incl. regulatory frameworks, subsidies, product premiums and market environment) 0.1 Low Mid High Technical/financial feasibility OCI has a flexible dividend policy designed to balance the availability of funds for dividend distribution with pursuing growth opportunities, while maintaining, as a priority, its target of 2x net leverage through the cycle and achieving an investment grade profile OCI 1. NPV calculated assuming a 12% floor, an upward sloping CO2 price in EU, no subsidies and no pass-through of cost to customers 2. Key parameters for sensitives included natural gas, power, carbon prices and potential subsidies 38#39Deleveraging towards investment grade profile Focus on deleveraging towards 2x net leverage through the cycle Net Debt¹ (US$ m) Deleveraging despite trough pricing conditions Net debt Net debt/ adj. EBITDA 7.0x 4,500 Step-up in volumes 。 Platform fully up and running with continued improved reliability 。 Continued volume growth in Q4 2020 (15% YoY) and 23% in 2020 YOY 。 Methanol driving 2021 volume growth O 4,000 3,500 3,000 2,500 4.4x 5.4x Accelerated 4.3x deleveraging in 2021 <3.0x 2x 2,000 2017 2018 2019 2020 2021 Guidance Target OCI 1 Net Debt calculated based on reported loans and borrowings less cash and cash equivalents 2 Adjusted EBITDA is defined as EBITDA excluding foreign exchange and fair value gains and losses and income from equity accounted investees, adjusted for additional items and costs that management considers not reflective of the performance of our core operations 3 Does not account for any IFRS16 related adjustments Accelerated deleveraging from higher selling prices 。 OCI's product prices recover to mid-cycle supported by robust agricultural fundamentals 。 Beyond 2021, continued focus on food security will also contribute to sustained price growth 。 Methanol markets also around mid-cycle and benefitting from considerably stronger outlook 39#40Appendix About OCI OCI 40 40#41Flexible production capabilities to maximize returns Max. Proven Capacities¹ ('000 metric tons) Total Total Total² Plant Country Ammonia (Gross) Ammonia (Net)³ Urea UAN CAN Fertilizer Melamine4 DEF Nitrogen Methanol OCI NV Iowa Fertilizer Company USA 926 195 438 1,832 2,465 1,019 3,484 3,484 OCI Nitrogen5 Netherlands 1,196 350 730 1,560 2,640 219 2,859 2,859 Egyptian Fertilizers Company Egypt 876 1,648 1,648 1,648 1,648 Egypt Basic Industries Corp. Egypt 748 748 748 748 748 Sorfert Algérie Algeria 1,606 803 1,259 2,062 2,062 2,062 Fertil OCI Beaumont BioMCN Natgasoline LLC Total MPC Excluding 50% of Natgasoline Total MPC with 50% of Natgasoline UAE 1,205 USA 365 356 Netherlands USA 2,100 2,100 2,100 356 2,100 356 1,004 1,360 991 991 1,807 1,807 6,922 2,452 5,445 2,562 1,560 12,019 219 1,019 13,257 3,802 17,059 (904) (904) 6,922 2,452 5,445 2,562 1,560 12,019 219 1,019 13,257 2,899 16,156 OCI 1 Capacities are maximum proven capacities (MPC) per line at 365 days. OCI Beaumont's capacity addition is an estimate of 2,853 tpd x 365 and BioMCN's M2 capacity is an estimate based on 1,250 tpd x 365 days; 2 Total capacity is not adjusted for OCI's ownership stakes or downstream product mix limitations (see below), except OCI's 50% stake in Natgasoline; 3 Net ammonia is estimated sellable capacity based on a certain product mix; 4 Melamine capacity split as 164 ktpa in Geleen and 55 ktpa in China. OCI Nitrogen owns 49% of a Chinese melamine producer, and exclusive right to off-take 90%; 5 OCI Nitrogen and IFCO each cannot achieve all downstream production simultaneously (i.e.: OCI Nitrogen cannot maximize production of UAN, CAN and melamine simultaneously, and IFCO cannot maximize production of UAN, urea and DEF simultaneously) 41#42Appendix FY 2020 and Q4 2020 Results OCI 42 42#43OCI Overview Q4 2020 results: resilient earnings and volume growth Highlights Key Financials¹) and KPIs Q4'20 Q4 '19 % A FY20 FY19 % A 1,035.7 847.8 22% 3,474.1 3,031.7 15% 127.7 89.3 43% 412.1 322.8 28% 12.3% 10.5% 11.9% 10.6% Adjusted EBITDA²) 265.9 236.8 12% 869.8 748.4 16% EBITDA²) 209.9 200.1 5% 779.1 649.7 20% EBITDA margin 20.3% 23.6% 22.4% 21.4% Adj. net income (loss) attributable to shareholders (44.8) (43.4) nm (213.4) (208.4) nm Net income (loss) attributable to shareholders. (56.9) (90.8) nm (177.7) (334.7) nm Earnings/(loss) per share ($) Basic earnings per share Diluted earnings per share Summary Own-produced volumes sold +15% in Q4 2020 vs. Q4 2019 Nitrogen volumes +10% driven by strong growth in all regions Methanol volumes up 48% Own-produced volumes sold +23% in 2020 vs. 2019 Nitrogen volumes +24% Methanol volumes +18% Summary of Q4 2020 performance Results reflect a strong increase in volumes sold Revenues +22% and Adjusted EBITDA +12% Revenue Gross Profit Gross profit margin Total Assets Gross Interest-Bearing Debt Net Debt • Adjusted net loss of $45 million ⚫ Net debt $3.7 billion as of 30 December 2020, down $187 million from 30 September 2020 and a reduction of $332 million for 2020 Free cash flow of $245 million before growth capex during Q4 (0.271) (0.434) nm (0.847) (1.598) nm (0.271) (0.434) nm (0.847) (1.598) nm 31-Dec '20 31 Dec '19 % A 9,097.0 9,419.6 (3%) 4,416.6 4,662.3 (5%) 3,730.3 4,061.9 (8%) Q4'20 Q4 '19 % A FY20 FY19 % A Free cash flow³) 245.0 43.4 304.7 127.5 Capital Expenditure 51.5 52.9 (3%) 262.6 300.0 Of which: maintenance capital expenditure 50.4 46.5 8% 239.4 169.8 (12%) 41% Sales volumes ('000 metric tons)4) OCI Product Third Party Traded Total Product Volumes 3,397.7 2,945.0 15% 12,249.0 9,921.5 23% 696.6 4,094.3 386.6 80% 2,434.7 1,783.7 36% 3,331.6 23% 14,683.7 11,705.2 25% 1) Unaudited 2) OCI N.V. uses Alternative Performance Measures ('APM') to provide a better understanding of the underlying developments of the performance of the business. The APMs are not defined in IFRS and should be used as supplementary information in conjunction with the most directly comparable IFRS measures. A detailed reconciliation between APM and the most directly comparable IFRS measure can be found in this report 3) Free cash flow is an APM that is calculated as cash from operations less maintenance capital expenditures less distributions to non-controlling interests plus dividends from non- controlling interests, and before growth capital expenditures and lease payments 4) Fully consolidated, not adjusted for OCI ownership stake in plants, except OCI's 50% share of Natgasoline volumes 43#44Segment information Segment overview Q4 2020 $ million Nitrogen US Europe Fertiglobe* Elim. Total Nitrogen Methanol US Europe Elim.** Total Methanol Other Elim. Total Total revenues 149.4 190.5 498.4 (30.1) 808.2 137.8 127.0 (19.3) 245.5 0.3 (18.3) 1,035.7 Gross profit 10.7 4.5 101.5 (1.5) 115.2 (15.9) (7.3) 35.3 12.1 0.4 127.7 Operating profit 7.6 (1.9) 81.8 (1.5) 86.0 8.9 (4.4) 7.0 11.5 (41.1) 56.4 D&A (37.9) (22.5) (67.3) (127.7) (48.0) (7.6) 30.8 (24.8) (1.0) (153.5) EBITDA 45.5 20.6 149.1 (1.5) 213.7 56.9 3.2 (23.8) 36.3 (40.1) 209.9 Adj. EBITDA 45.5 20.6 149.1 (1.5) 213.7 62.1 2.6 2.3 67.0 (14.8) 265.9 Segment overview Q4 2019 Nitrogen Methanol Total $ million Europe Fertiglobe* Elim. Total Nitrogen US US*** Europe Elim. ** Total Methanol Other Elim. Total revenues 134.0 194.2 357.8 (13.6) 672.4 87.7 93.7 (2.8) 178.6 (3.2) 847.8 Gross profit 30.4 30.3 59.3 2.2 122.2 (45.8) (5.7) 3.9 (47.6) 14.7 89.3 Operating profit 26.3 21.2 27.8 2.2 77.5 (51.6) (6.6) 5.9 (52.3) (12.1) 13.1 D&A (34.5) (20.1) (90.7) (145.3) (57.7) (4.9) 21.9 (40.7) (1.0) (187.0) EBITDA 60.8 41.3 118.5 2.2 222.8 6.1 (1.7) (16.0) (11.6) (11.1) 200.1 Adj. EBITDA 60.8 41.3 128.9 2.2 233.2 10.7 (1.7) (1.0) 8.0 (4.4) 236.8 * Previously Nitrogen MENA segment. Fertil consolidated from Q4 2019 ** Mainly related to elimination of Natgasoline, which is included in Methanol US segment *** Until 2019 OCI Fuels Ltd. was included in segment Methanol US. Effective 1 January 2020, OCI Fuels Ltd. will be combined with OCI Fuels B.V. in the segment Methanol Europe. The comparative numbers of Q1 2019 are restated to reflect that change. OCI 44#45Segment information Segment overview 2020 $ million Nitrogen US Europe Fertiglobe* Elim. Total Nitrogen Methanol US Europe Elim.** Total Methanol Other Elim. Total Total revenues 547.9 752.9 1,550.8 (72.1) 2,779.5 465.7 339.1 (62.9) 741.9 1.3 (48.6) 3,474.1 Gross profit 54.1 75.7 271.6 (0.6) 400.8 (11.4) (4.3) 27.2 11.5 (0.2) 412.1 Operating profit 38.3 42.2 193.1 (0.6) 273.0 (4.9) (5.4) 5.9 (4.4) (81.6) 187.0 D&A (142.7) (82.9) (268.0) (493.6) (153.1) (28.4) 86.8 (94.7) (3.8) (592.1) EBITDA 181.0 125.1 461.1 (0.6) 766.6 148.2 23.0 (80.9) 90.3 (77.8) 779.1 Adj. EBITDA 181.0 132.3 464.6 (0.6) 777.3 135.6 21.6 (1.7) 155.5 (63.0) 869.8 Segment overview 2019 $ million Nitrogen US Europe Fertiglobe* Elim. Total Nitrogen Methanol US*** Europe Elim.** Total Methanol Other Elim. Total Total revenues 541.0 812.1 1,055.5 (89.6) 2,319.0 512.1 280.1 (52.0) 740.2 (27.5) 3,031.7 Gross profit 84.0 114.6 196.6 1.0 396.2 (57.2) (17.1) 15.8 (58.5) (14.9) 322.8 Operating profit 66.8 79.2 147.2 1.0 294.2 (79.4) (20.9) 23.2 (77.1) (112.1) 105.0 D&A (152.7) (71.3) (222.7) (446.7) (151.6) (14.6) 72.5 (93.7) (4.3) (544.7) EBITDA 219.5 150.5 369.9 1.0 740.9 72.2 (6.3) (49.3) 16.6 (107.8) 649.7 Adj. EBITDA 219.5 152.4 374.4 1.0 747.3 91.8 (4.9) (1.0) 85.9 (84.8) 748.4 *Previously Nitrogen MENA segment. Fertil consolidated from Q4 2019 ** Mainly related to elimination of Natgasoline, which is included in Methanol US segment *** * Until 2019 OCI Fuels Ltd. was included in segment Methanol US. Effective 1 January 2020, OCI Fuels Ltd. will be combined with OCI Fuels B.V. in the segment Methanol Europe. The comparative numbers of Q1 2019 are restated to reflect that change. OCI 45 45#46Financial highlights - reconciliation of adjusted EBITDA and adjusted net income Reconciliation of reported operating income to adjusted EBITDA $ million Operating profit as reported Depreciation and amortization EBITDA APM adjustments for: Natgasoline Unrealized result natural gas hedging Gain on purchase related to Fertiglobe Hurricane Laura Transaction costs Mandatory inspection at OCI Nitrogen Other including provisions Total APM adjustments Adjusted EBITDA Q4 '20 Q4 '19 2020 2019 56.4 13.1 187.0 105.0 153.5 187.0 592.1 544.7 209.9 200.1 779.1 649.7 Adjustment in P&L COGS Other income 28.9 19.2 65.9 59.8 OCI's share of Natgasoline EBITDA 2.0 (0.7) (8.6) 4.8 (13.3) 0.5 10.0 3.1 19.3 7.2 24.6 15.1 29.5 14.8 56.0 36.7 90.7 98.7 265.9 236.8 869.8 748.4 Reconciliation of reported net income to adjusted net income $ million Q4 '20 Q4 '19 2020 2019 Adjustment in P&L Reported net loss attributable to shareholders (56.9) (90.8) (177.7) (334.7) Adjustments for: Adjustments at EBITDA level 56.0 36.7 90.7 98.7 Add back: Natgasoline EBITDA adjustment (28.9) (19.2) (65.9) (59.8) Result from associate (change in unrealized gas hedging Natgas and insurance) 2.7 5.0 (13.5) 12.0 Accelerated depreciation Derecognition of deferred tax assets and other Expenses related to refinancing Forex (gain)/loss on USD exposure Non-controlling interest adjustment / release interest accrual 36.0 2.2 53.6 Finance expenses Depreciation 26.1 51.3 9.1 51.3 9.1 (71.9) (18.6) (108.5) 9.6 Finance income and expense 3.5 (1.5) 8.7 (12.9) OCI Tax effect of adjustments Total APM adjustments at net income level Adjusted net loss attributable to shareholders (0.6) (0.1) (0.7) (10.1) Interest expense / minorities Income tax 12.1 47.4 (35.7) 126.3 (44.8) (43.4) (213.4) (208.4) 46#47For OCI N.V. investor relations enquiries contact: Hans Zayed [email protected] T +31 (0) 6 18 25 13 67 OCI N.V. corporate website: www.oci.nl OCI