OCI Ramp-Up of Methanol Capacity
OCI Build and Transition Phases Complete | Run-Rate Starts During Q4-2019
OCI
Debut ratings
OCI
Current ratings
Issuer rating
Ba2 / BB-/BB
Platform build-up
Bond rating
B1/BB-/BB-
2008 - 2017
Transition to run-
rate
2018 - 2019
Ba2 / BB/BB
Ba3 / BB/BB
Run-rate
2020
OCI
+$5bn Capex Program
Completed 3 greenfield expansion projects, including the
construction of IFCO, Sorfert, and Natgasoline
Upgrade and debottlenecking at OCI Nitrogen
■ Refurbishment of BioMCN
Acquisition, refurbishment and debottlenecking of OCI
Beaumont
Deleveraging
Build and transition phases complete
■ Run-rate starts Q4 2019 with full year benefit expected
in 2020
Deleveraging expected despite market volatility
Target 2.0x net leverage through the cycle
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