Itafos (IFOS) investor relations material

Business overview and strategy

• Operates as a pure-play phosphate and specialty fertilizer company with vertically integrated assets in the US and Brazil, and development projects in Guinea-Bissau and Brazil.

• Focuses on feeding a growing global population and supporting soil health through phosphate-based products.

• Strategy centers on operational excellence, strong market fundamentals, and value creation through asset maintenance and proactive investment.

• Management team has extensive experience in fertilizer, mining, and finance sectors.

Operational performance and financials

• Achieved industry-leading utilization rates and adjusted EBITDA margins at flagship Conda facility, outperforming major peers.

• Maintains a solid balance sheet with low net leverage (0.3x in Q2 2026) and strong liquidity ($133M in Q2 2026).

• Q2 2026 consolidated revenues were $144M, with adjusted EBITDA of $17.8M and net income of $(5.6)M.

• 2026 guidance projects Conda sales volumes of 340–355k tonnes P2O5, maintenance CAPEX of $23–28M, and growth CAPEX of $25–30M.

Asset portfolio and development

• Conda (Idaho) is the flagship vertically integrated phosphate fertilizer business, with mine life extended to 2037 via Husky 1/North Dry Ridge.

• Long-term offtake and supply agreements at Conda minimize volatility and support consistent production.

• Arraias (Brazil) restarted in 2022, producing specialty fertilizers and sulfuric acid, with positive EBITDA momentum and plans to resume SSP production in 2027.

• Farim (Guinea-Bissau) is a world-class undeveloped phosphate rock project, with drilling and engineering underway for phased development.

• Santana (Brazil) holds one of the highest-grade phosphate resources in the country, with minimal costs incurred while evaluating strategic options.