Decarbonizing Maritime Transport

Deleveraging 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

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