Fertiglobe Financial Overview

Significant Incremental Ammonia Demand From New Clean Energy Applications Clean Hydrogen is strongly positioned to lead the world's energy transition, and ammonia is the key enabler Clean hydrogen use in energy applications will be a major contributor to emission reduction across industries where abatement is difficult (e.g. power and shipping) Ammonia is one of the most efficient ways to transport and store clean hydrogen, as hydrogen is difficult to store and transport due to low boiling temperature (-252 C) On the back of this transition, several new applications are emerging which individually would create an end market multiple times as large as the current ammonia merchant market Incremental demand for clean ammonia is expected to tighten the conventional market further as grey capacity is decarbonized to cater to the new clean ammonia demand Blue/Green Ammonia to Make Up ~50% of Merchant Market vs Zero Today Mt Today % Annual Growth Current merchant ammonia market trades annually ~20mt of which no blue/green ammonia ~27% CAGR - 26 8 Today 2025 Blue/Green NH3 40 40 2030 2035 Source: Hydrogen Council, MMSA, CRU, IEA, Argus, Strategy Consultant, EU Commission, Fertecon An ADNOC and OCI Company Fertiglobe NH3 Ammonia sexy Nitrogen-based Fertilizers 80% <2% 县 Feedstock for Chemicals 20% 3% Processes Marine Fuels 0% High Power 0% High N₂ H₂ H₂ Carrier 0% High Cracking 28

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