ICL Group Ltd.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2022

Commission File Number: 001-13742

ICL GROUP LTD.

(Exact name of registrant as specified in its charter)

ICL Group Ltd.

Millennium Tower

23 Aranha Street

P.O. Box 20245

Tel Aviv, 61202 Israel

(972-3) 684-4400

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ☐ No ☒

ICL GROUP LTD.

Q4 2021 Investor Presentation

Fourth Quarter 2021 Financial Results Raviv Zoller February 9, 2022 President and CEO

Important legal notes 2 Disclaimer and safe harbor for forward-looking statements The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in ICL Group Ltd. (ICL Group or company) securities or in any securities of its affiliates or subsidiaries.This presentation and/or other oral or written statements made by ICL Group during its presentation or from time to time, may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Whenever words such as "believe," "expect," "anticipate," "intend," "plan," "estimate", “predict” or similar expressions are used, the company is making forward-looking statements. Such forward-looking statements may include, but are not limited to, its 2022 guidance, those that discuss strategies, goals, financial outlooks, corporate initiatives, existing or new products, existing or new markets, operating efficiencies, or other non-historical matters.Because such statements deal with future events and are based on ICL Group’s current expectations, they could be impacted or be subjected to various risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in the company’s Annual Report on Form 20-F for the year ended December 31, 2020, and in subsequent filings with the Tel Aviv Stock Exchange (TASE) and/or the U.S. Securities and Exchange Commission (SEC). Therefore, actual results, performance or achievements of the company could differ materially from those described in or implied by such forward-looking statements.Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can provide no assurance expectations will be achieved. Except as otherwise required by law, ICL Group disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise. Readers, listeners and viewers are cautioned to consider these risks and uncertainties and to not place undue reliance on such information. Certain market and/or industry data used in this presentation were obtained from internal estimates and studies, where appropriate, as well as from market research and publicly available information. Such information may include data obtained from sources believed to be reliable, however, ICL Group disclaims the accuracy and completeness of such information, which is not guaranteed. Internal estimates and studies, which the company believes to be reliable, have not been independently verified. The company cannot assure such data is accurate or complete.Included in this presentation are certain non-GAAP financial measures, such as adjusted operating income, adjusted operating income margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted EPS, segment EBITDA, segment EBITDA margin and free cash flow, designed to complement the financial information presented in accordance with IFRS because management believes such measures are useful to investors. Please note other companies may calculate similarly titled non‑GAAP financial measures differently than ICL Group and definitions of these measures may differ from those used by other companies or such companies may use other measures to evaluate their performance, which may reduce the usefulness of our non-GAAP financial measures as tools for comparison. These non-GAAP financial measures should be considered only as supplemental to, and not superior to, financial measures provided in accordance with IFRS. Please refer to the company’s fourth quarter 2021 press release for the period ended December 31, 2021, and the appendix to this presentation for a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable financial measures prepared in accordance with IFRS.

3 Fourth quarter summary Record specialties results with higher commodity prices Significant growth in sales All-time fourth quarter record EBITDA Continued strategic focus on long-term specialty solutions Commodity upside momentum All four businesses delivered double-digit growth Accelerated cash flow generation Fifth consecutive quarter of dividend distribution growth

Fourth quarter 2021 4 Key financial highlights (1) Adjusted operating income and margin, adjusted net income, adjusted EBITDA and margin, adjusted EPS and free cash flow are non-GAAP financial measures; see reconciliation tables in appendix. US$Mex. per share 4Q’21 4Q’20 YoY Change Sales $2,038 $1,317 55% Gross profit $857 $405 112% Gross margin 42% 31% 1130 bps Operating income $461 $139 232% Adjusted operating income(1) $458 $143 220% Adjusted operating margin(1) 22% 11% 1162 bps Net income, attributable $283 $65 335% Adjusted net income, attributable(1) $339 $68 399% Adjusted EBITDA(1) $575 $268 115% Adjusted EBITDA margin(1) 28% 20% 786 bps Diluted earnings per share 21¢ 5¢ 320% Adjusted diluted EPS(1) 26¢ 5¢ 395% Operating cash flow $344 $258 33% Free cash flow $166 $80 108%

Key fourth quarter financial metrics 5 Outstanding year-over-year improvement (1) Adjusted EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix. Operating Cash Flow Adjusted EBITDA(1) US$M US$M Up 55% YoY Up 115% YoY Up $86M YoY Sales US$B

Industrial Products 6 Record quarterly sales Sales US$M EBITDA(1) US$M Key highlights Strong demand across key products and regionsContinued benefit from long-term, strategic agreementsGrowth in clear brine fluids salesSignificant contribution from phosphorus-based flame retardants and specialty mineralsAdditional capacity expansions on trackRecord FY’21 sales and profit contributed to record cash flow +25% +26% (1) Segment EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix.

Potash 7 Continued strength in price and demand Key highlights Average realized price per ton increased to $487Up 114% YoY, driven by strong global crop demand and allocation optimization Dead Sea – P-9 pumping operations commenced in early 2022Granular production record – approximately 50% of total productionPolysulphate – production up 36%, with sales volumes up 42% Boulby mining application approved through 2048 (1) Segment EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix. Sales US$M EBITDA(1) US$M +247% +84%

Phosphate Solutions 8 Sales US$M EBITDA(1) US$M Key highlights Specialty food and industrial sales increased, with strong demand across all regions New alternative-protein plant launched in DecemberContinued strong YPH performance, with higher prices and improved efficiencyIncreasing demand from LFP battery market drove higher specialty MAP salesSignificant increase in phosphate fertilizer sales and profitability, driven by record production and market tightnessRotem concession extended through 2024Record FY’21 phosphate specialty sales and profits $146 $609 (1) Segment EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix. Record quarterly sales and profit for specialties Commodity Specialty Commodity Specialty $501 +22% $75 +95%

Innovative Ag Solutions 9 Positive momentum continued, with record organic growth (1) Segment EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix. Sales US$M EBITDA(1) US$M Key highlights Strong demand and higher volumes across most regions and product linesRobust growth globally for turf and ornamentalRecord specialty fertilizer sales, with increases across all regionsContinued significant organic growth momentumOutstanding performance from recent Brazilian acquisitionsRecord FY’21 organic and total sales and profits $48 $380 Acquisitions Acquisitions +133% +336%

Innovation Sustainability Partnership 10 Impactful events Company continuing to target excellence in 2022 Internal innovation delivered ~$40M of ‘21 annual efficienciesInternal accelerator achieved additional +$100M annual profit run-rateICL ADS ranked as top-five most innovative in Brazil Launched Green Sdom initiativeAwarded EcoVadis Gold medalOpened alt-protein plant and achieved non-GMO certificationFocused on circular economy with sustainable peat alternative Supplying clear brine fluids to the UAECollaborating with Columbia University on battery technologyTeaming with PlantArcBio on biostimulants technology

Key 2021 takeaways 11 Consistent strength, with EBITDA improvement across all divisions Record specialties performance, with all-time record profitability, plus commodity upsideAgriculture – expanded reach into Brazil via acquisitions and provided additional profitability and seasonal balance between hemispheresFood – added alternative protein capacity and invested in foodTech start-upIndustrial – benefitted from focus on long-term customer partnerships and added new capacityFinancials – made significant acquisitions, while maintaining debt level

Outlook for 2022 12 Maintaining long-term specialties focus Firm commodity prices through first halfStrong visibility for specialtiesInvesting to support future growth, with higher growth CAPEX focused on long-term contracts and additional infrastructureGenerating new opportunities and efficiencies through innovationSustainability efforts on-track and gaining momentumDisciplined cost management and operational excellence to support strong cashflow Continuing to execute on strategic leadership goals in the areas of sustainable agriculture, food and industrial solutions

Fourth Quarter 2021 Financial Results Aviram Lahav CFO

Fourth quarter 2021 14 Key financial highlights (1) Adjusted operating income and margin, adjusted net income, adjusted EBITDA and margin, adjusted EPS and free cash flow are non-GAAP financial measures; see reconciliation tables in appendix. US$Mex. per share 4Q’21 4Q’20 YoY Change Sales $2,038 $1,317 55% Gross profit $857 $405 112% Gross margin 42% 31% 1130 bps Operating income $461 $139 232% Adjusted operating income(1) $458 $143 220% Adjusted operating margin(1) 22% 11% 1162 bps Net income, attributable $283 $65 335% Adjusted net income, attributable(1) $339 $68 399% Adjusted EBITDA(1) $575 $268 115% Adjusted EBITDA margin(1) 28% 20% 786 bps Diluted earnings per share 21¢ 5¢ 320% Adjusted diluted EPS(1) 26¢ 5¢ 395% Operating cash flow $344 $258 33% Free cash flow $166 $80 108%

Pricing across mineral value chain 15 Commodity price upcycle Sources: GMOP and phosphoric acid - CRU Fertilizer Week, as of 12.31.21; Supramax - Simpson Spence Young (SSY), as of December 2021; Sulfur - CRU, as of 12.31.21. GMOP FOB NOLA US$/ton Phosphoric acid CFR contract India US$/ton Sulfur Bulk FOB Middle East Spot US$/ton Supramax Timecharter Average US$/day

Fourth quarter 2021 16 Sales bridges Note: Numbers rounded to closest million; Other includes intercompany eliminations. Sales US$M Specialty 61%Commodity 39% Sales by segment US$M Acquisitions 41%Organic 59% $380 $609

Fourth quarter 2021 17 Profit bridges (1) Adjusted EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix.Note: Numbers rounded to closest million; Other includes intercompany eliminations. Adjusted EBITDA(1) US$M Adjusted EBITDA(1) by segment US$M Specialty 40%Commodity 60% Acquisitions 58%Organic 42% $48 $146

Full year 2021 18 Sales bridges Note: Numbers rounded to closest million; Other includes intercompany eliminations. Sales US$M Specialty 55%Commodity 45% Sales by segment US$M Acquisitions 27%Organic 73% $1,617 $1,931 $2,432 $1,245

Full year 2021 19 Profit bridges (1) Adjusted EBITDA is a non-GAAP financial measure; see reconciliation tables in appendix.Note: Numbers rounded to closest million; Other includes intercompany eliminations. Adjusted EBITDA(1) US$M Adjusted EBITDA(1) by segment US$M Specialty 40%Commodity 60% Acquisitions 38%Organic 62% $522 $159

Financial strength 20 Continued growth in cash flow Note: Free cash flow and adjusted EBITDA are non-GAAP financial measures; see reconciliation tables in appendix. Net debt to adjusted EBITDA improved to 1.4Operating cash flow of $344M vs. $258M in 4Q’20Free cash flow of $166 vs. $80M in 4Q’20Completed ~$550M of acquisitionsMonetized investments and exited non-core assetsMaintained debt levels Highlights for 4Q’21 Highlights for FY’21

Guidance 21 Full year 2022 (1) See guidance and non-GAAP financial measures in appendix. Note: Adjusted EBITDA is a non-GAAP measure, see appendix for calculation. Expect adjusted EBITDA range of $1,850 million to $2,050 million(1) Of which, EBITDA of specialty businesses to represent between $875 million to $925 million of FY’22

Thank you Contact [email protected] for more information on ICLView our interactive data tool at https://investors.icl-group.com/interactive-data-tool/default.aspx

Appendix Fourth Quarter 2021 Financial Results

Results of operations 24 Fourth quarter and full year 2021 Industrial ProductsUS$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $422 $336 $1,617 $1,255 Sales to external customers $418 $333 $1,601 $1,242 Sales to internal customers $4 $3 $16 $13 Segment operating profit $111 $80 $435 $303 Depreciation and amortization $18 $23 $65 $77 Capital expenditures $25 $23 $74 $84 Segment EBITDA $129 $103 $500 $380 Phosphate SolutionsUS$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $609 $501 $2,432 $1,948 Sales to external customers $580 $479 $2,334 $1,871 Sales to internal customers $29 $22 $98 $77 Segment operating profit $97 $21 $307 $66 Depreciation and amortization $49 $54 $215 $210 Capital expenditures $66 $95 $238 $275 Segment EBITDA $146 $75 $522 $276 PotashUS$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $698 $379 $1,931 $1,346 Sales to external customers $541 $276 $1,401 $979 Sales to internal customers $18 $28 $94 $95 Other and eliminations(1) $139 $75 $436 $272 Segment operating profit $244 $40 $399 $120 Depreciation and amortization $44 $43 $165 $166 Capital expenditures $98 $104 $298 $296 Segment EBITDA $288 $83 $564 $286 Innovative Ag SolutionsUS$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $380 $163 $1,245 $731 Sales to external customers $374 $158 $1,226 $715 Sales to internal customers $6 $5 $19 $16 Segment operating profit $33 $5 $121 $40 Depreciation and amortization $15 $6 $38 $25 Capital expenditures(2) $21 $9 $36 $20 Segment EBITDA $48 $11 $159 $65 Note: Segment EBITDA is a non-GAAP financial measure; see reconciliation tables.(1) Primarily includes salt produced in the UK and Spain, Polysulphate and Polysulphate-based products, magnesium-based products, and sales of electricity produced in Israel; (2) Not including capital expenditures for the Brazilian acquisitions in the first half of 2021. For further information, see Note 3 to the company’s interim financial statements in the current quarter’s 6-K report.

Industrial Products 25 Fourth quarter and full year 2021 US$M 4Q Sales FY Sales 2020 $336 $1,255 Quantity $18 $198 Price $71 $150 Exchange rates ($3) $14 2021 $422 $1,617 US$M 4Q Segment EBITDA FY Segment EBITDA 2020 $103 $380 Quantity $11 $94 Price $71 $150 Exchange rates ($6) ($12) Raw materials ($21) ($57) Energy $1 $2 Transportation ($9) ($22) Operating and other expenses ($21) ($35) 2021 $129 $500 Note: Segment EBITDA is a non-GAAP financial measure; see reconciliation tables. Industrial Products US$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $422 $336 $1,617 $1,255 Sales to external customers $418 $333 $1,601 $1,242 Sales to internal customers $4 $3 $16 $13 Segment operating profit $111 $80 $435 $303 Depreciation and amortization $18 $23 $65 $77 Capital expenditures $25 $23 $74 $84 Segment EBITDA $129 $103 $500 $380

Potash 26 Fourth quarter and full year 2021 Note: Segment EBITDA is a non-GAAP financial measure; see reconciliation tables.(1) Primarily includes salt produced in the UK and Spain, Polysulphate and Polysulphate-based products, magnesium-based products, and sales of electricity produced in Israel; (2) Potash average realized price (USD per ton) is calculated by dividing total potash revenue by total sales quantities. The difference between FOB price and average realized price is primarily marine transportation costs. Potash US$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $698 $379 $1,931 $1,346 Sales to external customers $541 $276 $1,401 $979 Sales to internal customers $18 $28 $94 $95 Other and eliminations(1) $139 $75 $436 $272 Gross profit $386 $138 $894 $472 Segment operating profit $244 $40 $399 $120 Depreciation and amortization $44 $43 $165 $166 Capital expenditures $98 $104 $298 $296 Average realized price(2) $487 $228 $337 $230 Segment EBITDA $288 $83 $564 $286 Potash production and sales000s of tons 4Q'21 4Q'20 FY'21 FY'20 Production 1,188 1,208 4,514 4,527 Total sales, including internal sales 1,147 1,333 4,434 4,666 Closing inventory 355 275 355 275 US$M 4Q Sales FY Sales 2020 $379 $1,346 Quantity $4 $72 Price $318 $496 Exchange rates ($3) $17 2021 $698 $1,931 US$M 4Q Segment EBITDA FY Segment EBITDA 2020 $83 $286 Quantity ($7) ($13) Price $318 $496 Exchange rates ($7) ($31) Energy ($20) ($30) Transportation ($38) ($97) Operating and other expenses ($41) ($47) 2021 $288 $564

External potash metrics 27 Average market prices and imports Sources: CRU (Fertilizer week Historical Price: January 2022), FAI, Brazil and Chinese customs data. Average prices 4Q’21 4Q’20 YoY Change 3Q’21 QoQ Change Granular potash – BrazilCFR spot US$ per ton $787 $248 217% $674 17% Granular potash – Northwest EuropeCIF spot/contract € per ton €543 €234 132% €409 33% Standard potash – Southeast AsiaCFR spot US$ per ton $578 $240 141% $449 29% Potash imports in millions of tons To Brazil 3.4 2.9 17% 4.0 (15%) To China 1.6 2.0 (20%) 1.5 7% To India 0.5 1.1 (55%) 0.7 (29%)

Phosphate Solutions 28 Fourth quarter and full year 2021 Phosphate Solutions US$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $609 $501 $2,432 $1,948 Specialty $373 $291 $1,341 $1,135 Commodity $236 $210 $1,091 $813 Segment operating profit $97 $21 $307 $66 Specialty $46 $24 $155 $117 Commodity $51 ($3) $152 ($51) Segment EBITDA $146 $75 $522 $276 Specialty $59 $38 $208 $172 Commodity $87 $37 $314 $104 (1) For 4Q’21, comprises of $13 million in specialties and $36 million in commodities; for FY21, $53 million in specialties and $162 million in commodities. Note: Segment EBITDA is a non-GAAP financial measure; see reconciliation tables. Phosphate Solutions US$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $609 $501 $2,432 $1,948 Sales to external customers $580 $479 $2,334 $1,871 Sales to internal customers $29 $22 $98 $77 Segment operating profit $97 $21 $307 $66 Depreciation and amortization(1) $49 $54 $215 $210 Capital expenditures $66 $95 $238 $275 Segment EBITDA $146 $75 $522 $276 US$M 4Q Sales FY Sales 2020 $501 $1,948 Quantity ($30) $35 Price $141 $384 Exchange rates ($3) $65 2021 $609 $2,432 US$M 4Q Segment EBITDA FY Segment EBITDA 2020 $75 $276 Quantity $9 $33 Price $141 $384 Exchange rates ($5) ($6) Raw materials ($64) ($159) Energy ($2) ($1) Transportation ($10) ($32) Operating and other expenses $2 $27 2021 $146 $522

External phosphate metrics 29 Commodities market Average prices ($/ton) 4Q’21 4Q’20 YoY Change 3Q’21 QoQ Change DAPCFR India spot $809 $369 119% $643 26% TSP GranularCFR Brazil spot $677 $262 158% $629 8% SSPCFR Brazil inland 18% to 20% P2O5 spot $395 $179 121% $334 18% SulfurBulk FOB Adnoc Monthly contract $226 $74 205% $176 28% Sources: CRU (Fertilizer week Historical Price January 2022).

Innovative Ag Solutions 30 Fourth quarter and full year 2021 Note: Segment EBITDA is a non-GAAP financial measure; see reconciliation tables.(1) Not including capital expenditures for the Brazilian acquisitions in the first half of 2021. For further information, see Note 3 to the company’s interim financial statements in the current quarter’s 6-K report. US$M 4Q Sales FY Sales 2020 $163 $731 New Brazilian Businesses’ contribution $157 $341 Quantity $23 $71 Price $38 $60 Exchange rates ($1) $42 2021 $380 $1,245 US$M 4Q Segment EBITDA FY Segment EBITDA 2020 $11 $65 New Brazilian Businesses’ contribution $28 $60 Quantity $6 $19 Price $38 $60 Exchange rates $4 Raw materials ($27) ($39) Energy $1 $1 Transportation ($1) ($2) Operating and other expenses ($8) ($9) 2021 $48 $159 Innovative Ag Solutions US$M 4Q'21 4Q'20 FY'21 FY'20 Segment sales $380 $163 $1,245 $731 Sales to external customers $374 $158 $1,226 $715 Sales to internal customers $6 $5 $19 $16 Segment operating profit $33 $5 $121 $40 Depreciation and amortization $15 $6 $38 $25 Capital expenditures(1) $21 $9 $36 $20 Segment EBITDA $48 $11 $159 $65

Consolidated results analysis 31 Fourth quarter 2021 US$M Sales Expenses Operating Profit EBITDA Notes: 4Q’20 $1,317 ($1,178) $139 Total adjustments 4Q’20 - $4 $4 Adjusted 4Q’20 figures $1,317 ($1,174) $143 $268 New Brazilian Businesses’ contribution $157 ($135) $22 $28 Positive – includes acquisition of Agro Fertiláqua Participações S.A. in January 2021 and Compass Minerals América do Sul S.A. (ADS) in July 2021. Quantities $14 ($7) $7 $7 Positive – primarily higher sales volumes of acids, Innovative Ag Solutions products, bromine-based industrial solutions, clear brine fluids, phosphorous-based industrial solutions, and specialty minerals products.Negative – lower sales volume of potash, phosphate fertilizers and phosphorous-based flame retardants. Prices $558 - $558 $558 Positive – primarily increase of $259 in average realized price per ton of potash, increases in selling prices of phosphate-fertilizers, acids, bromine- and phosphorous-based flame retardants, bromine-based industrial solutions and Innovative Ag Solutions products. Exchange rates ($8) ($10) ($18) ($18) Negative – primarily appreciation of Israeli shekel against U.S. dollar and depreciation of Euro against U.S. dollar. Raw materials - ($102) ($102) ($102) Negative – primarily higher prices of sulfur consumed during quarter, commodity fertilizers, ammonia and raw materials used to produce bromine- and phosphorus-based flame retardants. Energy - ($20) ($20) ($20) Negative – primarily increase in electricity prices, mainly in Europe. Transportation - ($58) ($58) ($58) Negative – primarily higher marine transportation costs. Operating and other expenses - ($74) ($74) ($88) Negative – primarily higher operational costs, mainly labor and payments of royalties, which are in-line with increase in revenue. Adjusted 4Q’21 figures $2,038 ($1,580) $458 $575 Total adjustments 4Q’21 - $3 $3 4Q’21 $2,038 ($1,577) $461 * See adjustments to reported operating and net income (non-GAAP) in the current quarter’s 6-K report.

Sales by geographic location 32 Fourth quarter 2021 SalesUS$M Industrial Products Potash Phosphate Solutions Innovative Ag Solutions 4Q’21 4Q’20 4Q’21 4Q’20 4Q’21 4Q’20 4Q’21 4Q’20 Europe $123 $120 $121 $106 $193 $155 $90 $67 Asia $170 $121 $199 $116 $148 $151 $39 $27 North America $95 $66 $81 $45 $121 $90 $33 $27 South America $15 $17 $236 $66 $92 $52 $168 $5 Rest of World $19 $12 $61 $46 $55 $53 $50 $37 Total $422 $336 $698 $379 $609 $501 $380 $163

Finance expenses 33 Fourth quarter and full year 2021 (1) Average liabilities during given quarter.Note: Numbers may not add, due to rounding and set-offs. US$M 4Q’21 4Q’20 FY’21 FY’20 Average debt(1) $2,968 $2,755 $2,914 $2,828 Annual interest rate 4.0% 3.9% 3.8% 3.8% Interest expenses $30 $27 $111 $108 Interest income ($1) - ($2) ($2) Interest capitalization ($3) ($6) ($18) ($24) Interest expenses, net $26 $21 $91 $82 Total hedging and balance sheet revaluation $7 $22 $17 $56 Employee benefits interest and other $5 $3 $14 $20 Net financial expenses $38 $46 $122 $158

Adjusted effective tax rate 34 Fourth quarter and full year 2021 (1) See reconciliation table.Note: Numbers may not add, due to rounding and set-offs. US$M 4Q’21 4Q’20 FY’21 FY’20 Adjusted income before tax(1) $423 $98 $1,076 $356 Tax rate 17% 19% 21% 21% Tax expenses $73 $19 $224 $75 Carryforward losses for which deferred taxes were not recognized and other ($3) ($2) ($13) $1 Exchange rate impact ($1) $8 ($8) $9 Adjusted tax expenses $69 $25 $203 $85 Adjusted tax rate 16% 26% 19% 24% Tax adjustments $59 ($1) $57 ($60) Reported taxes on income $128 $24 $260 $25 Reported income before taxes $426 $94 $1,092 $49 Reported effective tax rate 30% 26% 24% 51%

Reconciliation tables 35 Slide one of two (1) Also includes proceeds from sale of property, plants and equipment (PP&E).Note: Numbers may not add, due to rounding and set-offs. Calculation of segment EBITDA and marginUS$M Industrial Products Potash Phosphate Solutions Innovative Ag Solutions 4Q’21 4Q’20 4Q’21 4Q’20 4Q’21 4Q’20 4Q’21 4Q’20 Segment sales $422 $336 $698 $379 $609 $501 $380 $163 Segment operating profit $111 $80 $244 $40 $97 $21 $33 $5 Depreciation and amortization $18 $23 $44 $43 $49 $54 $15 $6 Segment EBITDA $129 $103 $288 $83 $146 $75 $48 $11 Segment EBITDA margin 31% 31% 41% 22% 24% 15% 13% 7% Calculation of free cash flow US$M 4Q’21 4Q’20 FY’21 FY’20 Cash flow from operations $344 $258 $1,065 $804 Additions to PP&E, intangible assets, and dividends from equity-accounted investees(1) ($178) ($178) ($600) ($616) Free cash flow $166 $80 $465 $188 Calculation of adjusted income before tax US$M 4Q’21 4Q’20 FY’21 FY’20 Adjusted operating income $458 $143 $1,194 $509 Finance expenses, net ($38) ($46) ($122) ($158) Share in earnings of equity-accounted investees and adjustments to financial expenses $3 $1 $4 $5 Adjusted income before tax $423 $98 $1,076 $356

Reconciliation tables 36 Slide two of two (1) See detailed reconciliation table – adjustments to reported operating and net income (non-GAAP) – in corresponding quarters’ earnings release.(2) Quarterly net debt to adjusted EBITDA ratio was calculated by dividing net debt by past four quarters adjusted EBITDA.Note: Numbers may not add, due to rounding and set-offs. Calculation of adjusted EBITDA US$M 4Q’21 3Q’21 2Q’21 1Q’21 4Q’20 FY’21 FY’20 FY’19 Net income attributable to shareholders of the company $283 $225 $140 $135 $65 $783 $11 $475 Financing expenses, net $38 $34 $30 $20 $46 $122 $158 $129 Taxes on income $128 $45 $64 $23 $24 $260 $25 $147 Minority and equity profit, net $12 $17 $9 $7 $4 $45 $8 $5 Operating profit $461 $321 $243 $185 $139 $1,210 $202 $756 Minority and equity profit, net ($12) ($17) ($9) ($7) ($4) ($45) ($8) ($5) Depreciation and amortization $129 $123 $124 $117 $129 $493 $489 $443 Adjustments(1) ($3) ($6) ($7) - $4 ($16) $307 $4 Adjusted EBITDA $575 $421 $351 $295 $268 $1,642 $990 $1,198 Net debt to adjusted EBITDA(2) US$M 4Q’21 Net debt $2,269 Adjusted EBITDA $1,642 Net debt to adjusted EBITDA 1.4

Guidance and non-GAAP financial measures 37 GuidanceThe company only provides guidance on a non-GAAP basis. We do not provide a reconciliation of forward-looking adjusted EBITDA (non-GAAP) to GAAP net income (loss), due to the inherent difficulty in forecasting and quantifying certain amounts necessary for such a reconciliation, in particular because special items, such as restructuring, litigation and other matters, used to calculate projected net income (loss) vary dramatically based on actual events, the company is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income (loss) at this time. The amount of these deductions may be material and, therefore, could result in projected GAAP net income (loss) being materially less than projected EBITDA (non-GAAP). Our guidance speaks only as of the date hereof. We undertake no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect actual outcomes, unless required by law. Specialties focused businesses are represented by the Industrial Products and Innovative Ag Solutions segments and the specialties part of the Phosphate Solutions segment. We present EBITDA from the phosphate specialties part of the Phosphate Solutions segment as we believe this information is useful to investors in reflecting the specialty portion of our businessNon-GAAP financial measuresWe disclose in this presentation non-IFRS financial measures titled: adjusted operating income, adjusted net income attributable to the company’s shareholders, adjusted EBITDA, adjusted EPS, segment EBITDA, segment EBITDA margin and free cash flow. Our management uses such non-GAAP measures to facilitate operating performance comparisons from period to period and presents free cash flow to facilitate a review of our cash flows. We calculate our adjusted operating income by adjusting our operating income to add certain items, as set forth in the reconciliation table “Adjustments to reported operating and net income.” Certain of these items may recur. We calculate our adjusted net income attributable to the company’s shareholders by adjusting our adjusted operating income, net income attributable to the company’s shareholders to add certain items, as set forth in the reconciliation table “Adjustments to reported operating and net income (Non-GAAP)” in our quarterly earnings release, excluding the total tax impact of such adjustments. We calculate our adjusted EBITDA by adding depreciation and amortization back to adjusted operating income. Adjusted EPS is calculated as adjusted net income divided by weighted-average diluted number of ordinary shares outstanding as provided in the reconciliation table under “Calculation of adjusted EPS.” We calculate our segment EBITDA by adding back to our segment profit the depreciation and amortization for each segment. We calculate our segment EBITDA margin by dividing segment EBITDA by revenue. We calculate our free cash flow as our cash flows from operating activities net of our purchase of property, plant, equipment and intangible assets, and adding proceeds from the sale of property, plant and equipment, and dividends from equity-accounted investees during such period as presented in the reconciliation table under “Calculation of free cash flow.” You should not view adjusted operating income, adjusted net income attributable to the company’s shareholders, adjusted EPS or EBITDA as a substitute for operating income or net income attributable to the company’s shareholders determined in accordance with IFRS, adjusted EPS as a substitute for EPS, or free cash flow as a substitute for cash flows from operating activities and cash flows used in investing activities, and you should note that our definitions of adjusted operating income, adjusted net income attributable to the company’s shareholders, EBITDA and free cash flow may differ from those used by other companies. However, we believe such non-GAAP measures provide useful information to both management and investors by excluding certain expenses management believes are not indicative of our ongoing operations. In particular, for free cash flow, we adjust our CAPEX to include any proceeds from the sale of property, plant and equipment because we believe such amounts offset the impact of our purchase of property, plant, equipment and intangible assets. We further adjust free cash flow to add dividends from equity-accounted investees because receipt of such dividends affects our residual cash flow. Free cash flow does not reflect adjustment for additional items that may impact our residual cash flow for discretionary expenditures, such as adjustments for charges relating to acquisitions, servicing debt obligations, changes in our deposit account balances that relate to our investing activities and other non-discretionary expenditures. Our management uses these non-IFRS measures to evaluate the company's business strategies and management's performance. We believe these non-IFRS measures provide useful information to investors because they improve the comparability of the financial results between periods and provide for greater transparency of key measures used to evaluate our performance. We present a discussion in the period-to-period comparisons of the primary drivers of changes in the company’s results of operations. This discussion is based, in part, on management’s best estimates of the impact of the main trends in its businesses. We have based the preceding discussion on our financial statements. You should read the preceding discussion together with our financial statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

/s/ Aviram Lahav
Name:	Aviram Lahav
Title:	Chief Financial Officer

/s/ Aya Landman
Name:	Aya Landman
Title:	VP, Company Secretary & Global Compliance

Date: February 9, 2022

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