Fertiglobe Financial Overview slide image

Fertiglobe Financial Overview

Q3 2022 Results Highlights • • Q3 2022 revenues increased 52% YoY to $1,318 million and adjusted EBITDA +64% YoY to $606 million, driven by higher selling prices. Adjusted net profit was $292 million in Q3 2022, +84% YoY. Fertiglobe generated free cash flow (FCF) of $189 million in Q3 2022, a 237% increase as compared to the same period last year, and $1,499 million in 9M 2022 versus $535 million in 9M 2021. Net cash position of $644 million as of 30 Sep 2022 is supportive of growth opportunities and attractive dividend pay-out Favourable farm economics and low global grain stocks, combined with high gas prices in Europe, provide support for nitrogen selling prices to remain above historical averages Our attractive dividend outlook is further backed by Fertiglobe's competitive position on the global cost curve and free cash flow conversion capacity. Management guides for H2 2022 dividends at a minimum of $700 million, payable in April 2023, implying total dividends of at least $1.45 billion for 2022, including the $750 million H1 2022 dividend paid in October 2022. Fertiglobe's low leverage positions the company favorably to selectively pursue value accretive growth opportunities, capitalizing on the emerging demand for low-carbon ammonia as a solution to decarbonize industries that make up around 90% of current global greenhouse gas emissions. Fertiglobe An ADNOC and OCI Company
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