Decarbonizing Maritime Transport

Volume 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

View entire presentation