Itafos (IFOS) Investor presentation summary

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.

• Prioritizes operational excellence, safety, and long-term shareholder value creation.

• Maintains a solid balance sheet and liquidity to fund capital needs and growth initiatives.

• Proactively invests in projects to extend mine life and increase resources.

Operational performance and financials

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

• Q1 2026 consolidated revenues reached $142.2M, with $18.4M adjusted EBITDA and $1.8M net income.

• Maintained low net leverage ratio (0.3x in Q1 2026) and strong liquidity position ($128M in Q1 2026).

• 2026 guidance includes Conda sales volumes of 335–355k tonnes P2O5, $16–20M SG&A, $23–33M maintenance CAPEX, and $63–83M growth CAPEX.

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.

• 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 for phased development starting in 2026.

• Santana (Brazil) holds one of the highest-grade phosphate resources in the country, with ongoing evaluation of strategic alternatives.