OCI Ramp-Up of Methanol Capacity
OCI N.V. - ADNOC Partnership (Fertiglobe) | Strengthening Competitive Position
First-of-its kind Export Platform
OCI N.V. and ADNOC have created Fertiglobe:
o Combining ADNOC's fertilizer business into OCI's Middle
East and North Africa (MENA) nitrogen fertilizer platform
o OCI and ADNOC own a 58% and 42% stake, respectively
o Fertiglobe has >$1.7 billion of annual revenues based on
2018 pro forma figures²
OCI will fully consolidate the combined business
o Innovative approach to growth by asset contribution
achieves overnight scale, without any capital outlay
o Transaction closed Sep 30th 2019
A new global Nitrogen Fertilizer leader:
o World's largest nitrogen fertilizer seaborne export-
focused platform
o Leading MENA producer with 1.53 mtpa of sellable
ammonia and 5.0³ mtpa of urea
Urea and Ammonia Global Seaborne Export League Table¹
Sellable Ammonia and Urea Export League Table (mtpa)
Fertiglobe
An ADNOC and OCI Company
Player #2
Player #3
Player #4
Player #5
OCI
ΜΕΝΑ
Player #7
Player #8
Player #9
Player #10
2.5
Player #11
2.5
Player #12
2.3
3.2
3.6
3.5
4.4
4.9
5.4
6.0
6.3
6.5
o Combined platform benefits from greater geographic
diversity and market access
أدنوك
ADNOC
2.1
o Sellable capacity represents approximately 10% of 2018
combined ammonia and urea global seaborne exports
ADNOC Fertilizers
Player #14
1.9
Expected to create significant value through the unlocking of
commercial and technical synergies ($60-75m)4
Player #15
1.7
OCI
Source: Company estimates, public filings, CRU, Fertecon, Integer.
1 Estimates based on published capacity data and historical exports. 2 Pro forma for Fertil. 3 Annual production capacity 4 We expect that the synergies will be predominantly generated through commercial synergies, such as
high product and technology overlap, with the ability to leverage scale for cost synergies. The Group and its management believe that the synergies have been calculated on a reasonable basis, reflecting the best estimates and
judgments, and represent, to the best of management's knowledge and opinion, the expected synergies that may be capable of being realized in connection with the establishment and operation of FERTIL. However, because
this information is highly subjective, it should not be relied on as necessarily indicative of actual or future results.
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