Clean Ammonia Market Growth and Fertilizer Industry Outlook

Diverse, low-cost nitrogen assets provide platform for growth Nitrogen Brownfield Expansions Fort Saskatchewan, AB Joffre, AB • Redwater, AB • Ammonia ☑ Urea AS ☑ Kennewick, WA❤ Carseland, AB • Ammonia • Urea Borger, TX Ammonia • Urea ☑ ESN Geismar, LA Ammonia O Urea Lima, OH Ammonia . Augusta, GA ⚫ Urea ☑ DEF UAN ✓ Completed In-Flight Nitric Acid Advantaged Gas Costs Annual Average $US/MMBTu 40 Henry Hub AECO 30 -European Hub 20 10 0 Trinidad and Tobago . Ammonia ☑ Urea ~550Kmt Net saleable tonnes expected through 2025 from in-flight brownfield expansions $ Nitrogen Advantages Strategically located assets 2018 2019 2020 2021 2022 2023 YTD¹ 1. As of May 31, 2023. 車 ↓ CO₂ Low-cost brownfield expansions 1Mmt current low-carbon ammonia capability Clean ammonia growth opportunity 12 Source: US EIA, Canadian Gas Price Reporter

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