Yara International (YAR) Investor presentation summary

Maximizing global asset portfolio

• Achieved industry-leading safety performance, reducing total recordable injuries from 8.0 in 2016 to 1.2 in 2Q 2026.

• Maintains a diversified, high-performing asset base across North America, Latin America, Europe, Asia, and Africa, with 95% nitrate asset utilization.

• Focused on maximizing asset utilization, market opportunities, and logistics optimization, targeting $200M EBITDA uplift by 2027 and $350M by 2030.

• Improved reliability and debottlenecking are expected to add 1 million tonnes of finished fertilizer production by 2030.

• Supply chain scale and flexible sourcing across gas, ammonia, and P&K enhance resilience and cost efficiency.

Porsgrunn plant performance

• Porsgrunn is the largest and most profitable premium product plant, producing 3.7 million tons annually and accounting for 19% of total finished product output.

• Achieved >95% asset utilization and record production levels through capital prioritization and operational excellence.

• Debottlenecking and capital-light investments increased nitric acid and NPK capacity, with $15M annual savings from improved ammonia import flexibility.

• Fixed cost per ton reduced by 7% since 2023, with cumulative value creation exceeding $250M.

• Exports premium fertilizers to over 90 countries, maintaining a $150/t NPK premium over commodity blends.

Market perspective

• Substantial supply losses in 2026 due to Middle East conflict, impacting global urea prices and trade flows.

• Key market themes include trade disruptions, fluctuating Chinese exports, and volatile gas and crop prices.

• Tight nitrogen markets and lower European gas prices are expected to support profitability.