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DYNO NOBEL LIMITED. — Capital/Financing Update 2021
Sep 12, 2021
64782_rns_2021-09-12_ffed03a0-62ce-4003-b116-fc5292638428.pdf
Capital/Financing Update
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ASX RELEASE
Waggaman Update
13 September 2021
Incitec Pivot Limited (ASX: IPL ) today provided an update on the impact of Hurricane Ida on its Waggaman ammonia plant in Louisiana.
After running at nameplate capacity since the re-start at the end of May, the Waggaman plant was brought down on Saturday 28 August[(1)] , in anticipation of the hurricane to ensure the safety of our people and to protect the plant against damage.
Inspections undertaken since the hurricane have not identified any material damage to the plant and the plant’s re-start has been awaiting restoration of high voltage industrial power and utilities from third party providers. Factoring in the anticipated restoration of power and utilities, the total outage is expected to be approximately 4 weeks from the date the plant was brought down.
Based on current market prices for ammonia, and the planned restart schedule, the loss of earnings before interest and tax is approximately US$28m[(2)(3)] (US$21m NPAT[(4)(5)] ).
For more information:
Investors Media
Geoff McMurray Matthew Flugge General Manager Investor Relations Group Vice President Corporate Affairs Tel: +61 3 8695 4553 Tel: +61 3 8695 4617 Mobile: +61 418 312 773 Mobile: +61 409 705 176 [email protected] [email protected]
This document has been authorised for release by Richa Puri, Company Secretary.
(1) US Central time.
(2) This figure reflects that IPL has called force majeure under its customer contracts for the supply of ammonia from the plant.
(3) A$38m at an exchange rate of 0.735.
(4) A$29m at an exchange rate of 0.735.
(5) Net Profit After Tax.
Incitec Pivot Limited ABN 42 004 080 264
Level 8, 28 Freshwater Place, Southbank, Victoria 3006, Australia www.incitecpivot.com.au