OCI Ramp-Up of Methanol Capacity slide image

OCI Ramp-Up of Methanol Capacity

OCI Compelling Combination with Robust Financial Profile Pro-forma FY 2018 consolidated financials based on 2019 ADNOC Fertilizers gas prices $ million except otherwise stated OCI-ADNOC Fertilizers JV Sales Volume (millions of tons per annum)² Pro-forma Ammonia: 1.434 Urea: 5.085 Revenue Adjusted EBITDA 1,740 7401 Maintenance CAPEX 23 Net Debt 657 Leverage5 0.9x Proportionate PF Adjusted OCI N.V. pre-deal Fertilizers Europe 14% OCI pro-form Pro-forma 1 Ammonia: 2.422 Urea: 5.453 Other products: 5.458 3,848 1,1773 1404 4,079 3.5x OCI N.V. post-deal Fertilizers Europe Fertilizer MENA 38% Fertilizers US 20% 15% Fertiglobe 37% Notes Pro forma figures exclude synergies ■2018 CAPEX for both OCI MENA and ADNOC Fertilizers was low compared to an expected run- rate capex for the JV of ~$70 - $80m per annum ■ Pro forma for the transaction, OCI NV's run rate maintenance CAPEX is expected to be ~$180 -$240m per annum ■ Diversification of proportionate adjusted EBITDA before synergies remains approximately the same before and after transaction EBITDA split by segment? Fertilizers US 19% Chemicals US / Europe 28% Chemicals US / Europe 29% Note: Fertiglobe to be fully consolidated by OCI N.V. Based on new agreed ADNOC Fertilizers gas price for 2019 of $2.76 inflated at 3%, followed by 2022 base of $3.5 inflated at 3% ¹ Pro forma for FERTIL to the Group results as of December 31st, 2018, these numbers were calculated by, and are the responsibility of, the Group's management. The Group and its management believe that these have been calculated on a reasonable basis, reflecting the best estimates and judgments, and represents, to the best of management's knowledge and opinion, the true performance of FERTIL for the relevant period. However, because this information is highly subjective, it should not be relied on as necessarily indicative of actual or future results ² Own-produced and third-party traded; 3 Calculated by adding the adjusted EBITDA including lost profit from business interruption for the Company with the adjusted EBITDA presented for Fertil excluding synergies 4 Excludes growth CAPEX of $157m for FY185 Net debt/ adjusted EBITDA 6 Includes 58% of Fertiglobe pro-rata adjusted EBITDA 7 Excludes Other and Eliminations items 27
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