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OCI N.V.

Earnings Release Apr 29, 2014

3869_iss_2014-04-29_9e6e4866-53f9-401a-9d16-3085700462d6.pdf

Earnings Release

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2013 Results Presentation 29 April 2014

2013 Results Presentation

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10
12
14
19
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23

Consolidated Results Financial Highlights

____________________________________

Consolidated Financials
\$ million 2013 2012 % Δ H2 2013 H2 2012 % Δ
Revenue 6,131.8 5,286.5 16.0% 3,049.0 2,659.5 14.6%
EBITDA 812.2 754.7 7.6% 429.3 220.6 94.6%
EBITDA margin 13.2% 14.3% 14.1% 8.3%
EBITDA excluding one-off items 742.3 754.7 -1.6% 375.0 220.6 70.0%
EBITDA margin 12.1% 14.3% 12.3% 8.3%
Net
Income
295.2 -1,887.9 NM 239.3 -1,981.3 NM
Net Income Margin 4.8% NM 7.8% NM
2013 2012 % Δ H2 2013 H2 2012 % Δ
Total assets 11,446.6 11,061.5 3.5% 11,446.6 11,061.5 3.5%
Gross interest-bearing debt 6,066.1 5,549.2 9.3% 6,066.1 5,549.2 9.3%
Net debt (reported) 3,800.0 3,302.4 15.1% 3,800.0 3,302.4 15.1%
Net debt (Sorfert proportionally consolidated) 2,954.8 2,579.2 14.6% 2,954.8 2,579.2 14.6%
Capital expenditure 777.7 458.5 69.6% 319.2 458.5 -30.4%

3

Consolidated Results EBITDA Bridge | Non-Operating Events & One-off Items

  • 2012 one-off items include an adjusted goodwill amortization of \$ 900.0 million
  • One-off items impact EBITDA negatively by \$ 69.9 million in 2013
  • One-off items impact net income positively by \$ 135.8 million in 2013
\$ million 2013 2012 P&L Item
Goodwill impairment -900.0 Operating expense
Tax dispute settlement -1,048.8 Income tax
Interest on tax settlement -73.3 Finance cost
Forex gain on tax settlement 88.3 Finance income
Gain on sale of Gavilon 262.1 Other income
Loss on natural gas price derivative at IFCo -31.0 Other expenses
IPO transaction costs, net -67.0 Transaction cost and income tax
Start-up costs and idle capacity expenses at Sorfert -54.3 Other expenses
Prepayment of long-term contract -15.6 Selling, general and administrative expenses
Total non-recurring items (in EBITDA) -69.9 -900.0
Total non-recurring items (in Net Profit) 135.8 -1,948.8 Sorfert one-off costs adjusted for OCI N.V. 51%
share

EBITDA Bridge FY 2012 - 2013

2013: A Transformational Year

January OCI N.V. lists on the NYSE
Euronext Amsterdam

OCI
N.V.
begins
trading
on
Euronext
Amsterdam
on
25
January
2013
April Tax claim EGP 7.1 billion
settled

Settled
in
April
2013
for
EGP
7.1
billion
(c.
\$
1
billion)
over
ten
installments

First
instalment
of
\$
360
million
was
paid
in
May
2013

Exonerated
by
Egyptian
public
prosecutor
in
March
2014
May IFCo
issues \$ 1.2 billion bond

Iowa
Fertilizer
Company,
our
2.1
million
ton
greenfield
nitrogen
fertilizer
plant
achieves
financial
closure
through
\$
576
million
cash
in
escrow
from
OCI
N.V.
and
a
\$
1.2
billion
bond
through
Iowa
Finance
Authority's
Midwestern
Disaster
Area
bond
program

Largest
non-investment
grade
transaction
ever
sold
in
the
US
tax-exempt
market
June OCI N.V. launches tender offer
for OCI S.A.E. local shares.

At
the
final
close
of
the
offer
in
March
2014,
OCI
N.V.
owns
99.84%
of
OCI
S.A.E.
August EFC / EBIC
Gas
supply
agreement
amended
to
ensure
reliable
future
supply
following
gas
supply
volatility
to
our
Egyptian
plants
from
November
2012
August /
September
Sorfert
Finalization
of
mutually
favorable
amendmentsto
shareholders
agreement with
Sonatrach

Start-up
of
commercial
production
September Convertible Bond and Equity
Offering

OCI
N.V.
launches

339
million
Convertible
Bond
and

100
million
equity
offering
October IPO of 21.7% of OCI Partners LP
OCI
Partners
LP,
owner
and
operator
of
OCI
Beaumont,
IPO's
21.7%
of
its
common
units
at
\$
18
per
unit
November Natgasoline LLC
Natgasoline
LLC
announced,
a
new
greenfield
1.75
mtpa
methanol
plant
in
Beaumont,
Texas
November Gavilon
Disposal

Disposal
of
Gavilon
concluded
for
a
total
consideration
of
\$
666.7
million,
cash
proceeds
\$
629
million
in
2013

Debt Overview

  • As at 31 December 2013, OCI N.V. had total gross debt outstanding of \$ 6,066.1 million
  • Of which \$ 2.9 billion (c. 48% of total) is related to Sorfert and Iowa Fertilizer Company. The two projects did not contribute to EBITDA in 2013
  • Debt position increased by \$ 848.7 million due to the full consolidation of Sorfert Algérie's \$ 1,732 million non-recourse project finance debt
  • Net debt of \$ 3,800.0 million as at 31 Dec. 2013 is a 15.1% increase over 31 Dec. 2012, but a decrease of \$ 341.1 million in H2 2013
  • If Sorfert were still on a proportional (51%) basis, OCI's net debt would have been \$ 2,954.8 million
  • The majority of OCI N.V's total debt outstanding is held at the operating company level and is financed through operating cash flows
OCI N.V. Consolidated Debt Breakdown as at 31 December 2013
\$
Million
Description Companies Gross Debt Cash Net debt
Joint Venture Debt
Debt at entities where OCI's stake is less than 100%

Debt is non-recourse to OCI N.V., although consolidated on the group's
balance sheet

Sorfert

EBIC

OCI Beaumont

Construction JVs

BESIX
2,469 617 1,852
Operating
Company Debt

100% owned operating companies' debt is organized against operating
company cash flow and is non-recourse to HoldCo

Corporate support is available from OCI N.V. with Board approvals.

OCI Nitrogen

EFC

Orascom Construction

Other Construction Debt
1,787 359 1,428
Project Finance
Debt

Project finance debt which can remain with companies after completion
of construction

All project finance debt is ring-fenced and non-recourse to OCI N.V.

Debt is raised through banks or capital markets

Long tenures financed by operating cash flow

IFCo
1,169 1,156 13
Holding Company
Debt

Full responsibility of OCI N.V.

Supported by investment asset values and dividends received from
subsidiaries

OCI N.V.

OCI S.A.E
641 134 507
Total 6,066 2,266 3,800

Performance by Group

Fertilizer & Chemicals Group Highlights 2013 Sales Volumes

000 metric tons Q1 2013 Q2 2013 Q3 2013 Q4 2013 2013 2012 % change
Urea 502.1 152.8 320.0 453.1 1,428.1 1,357.3 5.2%
OCI Production 158.5 116.1 289.3 270.0 834.0 1,187.6 -29.8%
Third Party Traded 343.6 36.7 30.7 183.1 594.1 169.7 250.2%
Ammonia 236.6 295.1 269.2 408.6 1,209.5 1,264.6 -4.4%
OCI Production 208.6 254.5 236.2 330.6 1,029.9 1,228.0 -16.1%
Third Party Traded 28.0 40.6 33.0 78.0 179.6 36.6 390.7%
CAN 268.0 274.0 236.0 353.0 1,131.0 1,260.0 -10.2%
OCI Production 268.0 274.0 236.0 353.0 1,131.0 1,260.0 -10.2%
UAN 103.1 127.9 109.0 124.0 464.0 296.0 56.8%
OCI Production 90.1 72.0 85.0 111.0 358.1 276.0 29.8%
Third Party Traded 13.0 55.9 24.0 13.0 105.9 20.0 429.4%
AS 414.5 362.0 419.0 453.0 1,648.5 771.7 113.6%
Third Party Traded 414.5 362.0 419.0 453.0 1,648.5 771.7 113.6%
Total Fertilizers 1,524.3 1,211.8 1,353.2 1,791.8 5,881.1 4,949.6 18.8%
OCI Production 725.2 716.6 846.5 1,064.7 3,353.0 3,951.7 -15.1%
Third Party Traded 799.1 495.2 506.7 727.1 2,528.1 998.0 153.3%
Total Industrial Chemicals 221.6 204.4 125.6 205.8 757.4 410.1 84.7%
Melamine 38.7 35.0 34.8 38.0 146.5 158.6 -7.6%
Methanol 182.9 169.4 90.8 167.8 610.9 251.5 142.9%
Total Product Volumes 1,745.9 1,416.2 1,478.8 1,997.6 6,638.5 5,359.8 23.9%
OCI Production 946.8 921.0 972.1 1,270.5 4,110.4 4,361.8 -5.8%
Third Party Traded 799.1 495.2 506.7 727.1 2,528.1 998.0 153.3%

Total chemicals volume sold reached 6.6 million metric tons, a 23.9% improvement over 2012

OCI N.V. production volumes sold reached 4.4 million metric tons, a decrease of 5.8% over 2012

Higher methanol and melamine prices were offset by lower nitrogen fertilizer prices, especially in the second half of the year

Fertilizer & Chemicals Group Highlights Financial Snapshot

\$ million 2013 2012 % Δ H2 2013 H2 2012 % Δ
Revenue 2,633.3 2,448.5 7.5% 1,282.1 1,360.8 -5.8%
EBITDA excluding one-off items 708.2 849.1 -16.6% 380.7 455.0 -16.3%
EBITDA Margin excluding one-off items 26.9% 34.7% 29.7% 33.4%
EBITDA 638.3 849.1 -24.8% 326.4 455.0 -28.3%
EBITDA Margin 24.2% 34.7% 25.5% 33.4%
Capital expenditure 683.8 348.5 96.2%
  • Revenue increased 7.5% year-on-year to \$ 2,633 .3 million, supported by:
  • o First full year of operations at OCI Beaumont
  • o Calcium ammonium nitrate debottlenecking at OCI Nitrogen
  • o Strong increase in traded volumes at OCI Fertilizer Trading (OFT)
  • o Year-on-year improvement in methanol and melamine prices
  • Positive developments were partially offset by:
  • o Lower nitrogen fertilizer prices year-on-year
  • o Continued natural gas supply disruptions in Egypt throughout 2013 resulting in lower utilization rates at both EFC and EBIC
  • OCI Nitrogen completed the debottlenecking of its calcium ammonium nitrate (CAN) plant during the year and is now capable of producing 1.4 million metric tons, an increase of approximately 20%

Engineering & Construction Group Highlights Backlog and New Awards Snapshot as at 31 December 2013

  • Consolidated backlog stood at \$ 5.9 billion as at 31 December 2013, a decrease of 16.3% compared with 31 December 2012
  • New awards totalled \$ 2.8 billion during 2013
  • New awards totalled \$ 772.5 million during the fourth quarter
  • Infrastructure and industrial work constitute 73.5% of the backlog as at 31 December 2013

Engineering & Construction Group Highlights Financial Snapshot

\$ million 2013 2012 % Δ H2 2013 H2 2012 % Δ
Revenue 3,498.6 2,838.0 23.3% 1,767.0 1,298.6 36.1%
EBITDA 129.5 53.2 143.5% 50.3 -116.0 NM
EBITDA Margin 3.7% 1.9% 2.8% -8.9%
Backlog 5,893.8 7,043.0 -16.3% 5,893.8 7,043.0 -16.3%
New awards 2,834.8 3,326.2 -14.8% 1,591.4 2,199.9 -27.7%
Capital expenditure 88.1 123.9 -28.9%
  • Revenue increased 23.3% in 2013 compared with 2012:
  • o Supported by full integration of Weitz for the first time
  • o Excluding the \$ 417.4 million contribution of Weitz, the Group's revenue increased by 8.6% in 2013
  • Revenue partially offset by:
  • o Approximately 60 days of reduced operations in Egypt due to curfews imposed across the country during the summer months
  • o Reduction in revenue in Afghanistan where the US government has contracted its activities
  • EBITDA margin of 3.7% for 2013, impacted by:
  • o Deteriorating operating environment and productivity in Egypt, coupled with severe inflationary pressures in the country
  • o Full integration of lower margin US-based work from Weitz
  • The 2012 profits have been restated due to changes in the consolidation method for certain joint ventures and the transfer of certain profits from 2012 to 2011

2014 Outlook

Looking Forward: Focus on Growth in All Segments

Segment 2014 Expectations

Ramp-up of Sorfert:
Fertilizers &
Total sellable capacity: 0.8 mtpa ammonia and 1.26 mtpa urea

Sorfert is expected to produce at capacity from April 2014 onwards as the export license issues have been resolved

Expect improved capacity utilization at EFC and EBIC:
Chemicals
Egyptian gas supply remains uncertain. We have been advised by EGAS to plan gas supply levels of around 70% for 2014

Q1 2014 utilization rate 73.5% at EFC, EBIC's gas supply was lower at about 51%. Further, there was a 20-day unplanned
shutdown at EBIC during the first quarter of 2014

All other fertilizer and industrial chemicals assets are operating normally

OCI Beaumont debottlenecking to add c. 15% to ammonia capacity and c. 25% to methanol capacity in Q4 2014

Deconsolidation of BESIX and other joint ventures to result in lower revenues and EBITDA in 2014

Construction margins in Q1 2014 to remain similar to 2013
Engineering &
Expect that new projects which are at higher margin levels to start contributing from Q2 2014 and EBITDA margin
improvement starting Q2 2014
Construction
Backlog:

strong start to 2014 with over \$ 900 million in new awards

Positive development in key markets including Egypt, Saudi Arabia, Dubai / Abu Dhabi, Qatar and the United States

We expect to divest our 13.5% share in Notore Chemical Industries (Notore), a granular urea and bulk blended NPK
producer and exporter, in 2014
Corporate
We are considering divesting our 50% stake in BESIX Group, which we jointly acquired with its management in a leveraged
buyout in 2004. Discussions with interested parties have been initiated, which may lead to the sale of our stake

Strategy & Outlook | 2014 - 2018

Segment Growth initiatives
Fertilizers
& Chemicals

Total sellable capacity 7.5 mtpa as at end-2013

Ramping up production capacity in the US

Addition of c. 4.4 mtpa to total capacity of 11.9 mtpa over next three years:

Sorfert:
ramp-up to sellable capacity of 2.1 mtpa

OCI Beaumont (Texas):
debottlenecking, adding 15% capacity to ammonia and c. 25% to methanol in Q4 2014

Iowa Fertilizer Co.:
2 mtpa greenfield facility on schedule to commission in Q4 2015

Natgasoline LLC:
1.75 mtpa greenfield methanol plant expected to commission in Q4 2016

Cost competitive on global basis:

Early mover advantage in the US, where natural gas prices are amongst the lowest in the world due to shale gas boom

Presence in the heart of the US market: currently the US imports up to 80% of methanol and up to 40% of ammonia
demand

Existing low-cost production base in Egypt and Algeria
Engineering &
Construction

Strategy for the Engineering & Construction Group going forward is to strengthen our wholly owned entities and focus on
their core markets and segments

Consolidated backlog of US\$ 5.9 billion as at 31 December 2013

2014 has started well, with strong growth in new awards in key markets including Egypt, Saudi Arabia, Dubai / Abu Dhabi,
Qatar and the United States

Well-positioned to take advantage of continued infrastructure spend across the MENA region

Positive outlook for construction markets in the US

Looking Forward | Focus on Growth in All Segments

Fertilizer & Chemicals | Ramping-Up Capacity

Design
Capacities¹
Ammonia Fertilizer Total
Chemicals
Plant Country Gross Net⁶ Urea UAN⁷ for
CAN
sale Methanol Melamine DEF for sale
Egyptian
Fertilizers
Company²
Egypt 800 - 1,550 - - 1,550 - - - 1,550
Egypt
Basic
Industries
Corp.
Egypt 730 730 - - - 730 - - - 730
OCI
Nitrogen³
Netherlands 1,130 350 - 250 1,400 2,000 - 190 - 2,190
Sorfert
Algérie
Algeria 1,600 800 1,260 - - 2,060 - - - 2,060
OCI
Beaumont
USA 265 265 - - - 265 730 - - 995
Year
End
2013
4,525 2,145 2,810 250 1,400 6,605 730 190 - 7,525
OCI
Beaumont
Expansion⁴
USA 305 305 - - - 305 913 - - 1,218
Year
End
2014
4,565 2,185 2,810 250 1,400 6,645 913 190 - 7,748
Iowa
Fertilizer
Company⁵
USA 770 185 420 1,505 - 2,110 - - 315 2,425
Year
End
2015
5,335 2,370 3,230 1,755 1,400 8,755 913 190 315 10,173
Natgasoline
LLC
USA - - - - - - 1,750 - - 1,750
Year
End
2016
5,335 2,370 3,230 1,755 1,400 8,755 2,663 190 315 11,923

Five production assets in Europe (the Netherlands), the USA, and North Africa (Egypt, Algeria), have a combined sellable capacity of c. 6.6 million metric tons per annum (mtpa) of nitrogen‐based fertilizer, increasing to 8.8 mtpa in 2016 with the addition of the Iowa Fertilizer Company and OCI Beaumont's post-expansion capacity

  • Global in-house distribution network with a strong presence in Europe and strategic joint ventures in Brazil and the USA
  • OCI Nitrogen is the second largest CAN producer in Europe and the largest melamine producer in the world
  • OCI Beaumont is the largest integrated ammonia and methanol producer in the US
  • Natgasoline LLC will be the largest methanol production facility in the US

___________________________________

World's largest AS distributor with 1 mtpa from Lanxess and 750 mtpa from DFI (a DSM subsidiary)

Note: all tonnage is in thousand metric tons per year and refers to total design capacity, Iowa Fertilizer Company and Natgasoline LLC volumes are estimates ¹ Table not adjusted for OCI's stake in considered plant; ² Also has a 325 thousand metric ton per year (ktpa) UAN line to capitalize on seasonal UAN price premiums over urea (swing capacity); ³ Also has 500 ktpa of captive urea liquor capacity used to produce downstream products; ⁴ OCI Beaumont Expansion is expected design capacity once the debottlenecking initiative is completed; ⁵IFCo design capacities apart from net ammonia are gross capacities and cannot all be achieved at the same time; ⁶ Net ammonia is remaining capacity after downstream products are produced; ⁷ Excludes EFC UAN swing capacity.

Fertilizers & Chemicals Organic Growth Initiatives

Iowa Fertilizer Company

Plant
Overview

In the heart of the corn belt benefiting from a first mover advantage in the US for greenfield plants –
broke ground on 19
November 2012 and scheduled to begin commissioning in Q4 2015

Orascom Engineering & Construction is the EPC contractor

Total estimated investment cost is approximately US\$ 1.8 billion

Issued US\$ 1.2 billion Midwest Disaster Area tax-exempt bond. The bond was 3x oversubscribed and has an average
interest rate of 5.12%
Plant
Overview

The bond issuance is rated BB-
by both S&P and Fitch and represents the largest non-investment grade transaction ever
sold in the US tax-exempt market

Equity of US\$ 576 million already in escrow account

Construction on site is progressing on schedule

Construction Progress

Ammonia steel structure erection Ammonia tanks shell rings installation

Fertilizers & Chemicals Organic Growth Initiatives

OCI Beaumont & Natgasoline LLC

Appendix

Company Overview

Fertilizer & Chemicals Group Highlights 2013 Benchmark Prices

UAN France FOT (\$/ton)

Melamine ICIS (\$/ton)

Methanol US Gulf FOB (\$/ton)

Engineering & Construction Group Highlights Evolution of Backlog

Evolution of Backlog Split by Client

Evolution of Backlog Split by Region

Consolidated Income Statement

US\$
million
2013 2012
Revenue 6,131.8 5,286.5
Cost of sales -5,270.4 -4,249.9
Gross profit 861.4 1,036.6
Other income 348.6 156.6
General, selling and administrative expenses -466.1 -685.2
Other expenses -97.5 -30.1
Transaction cost -89.3 -
Impairment loss on goodwill - -900
Total operating expenses -304.3 -1,458.7
Operating profit (Loss) 557.1 -422.1
EBITDA excluding one-off items 812.2 754.7
EBITDA 742.3 754.7
Depreciation 327.0 276.8
Finance income 17.7 26.3
Finance cost -391.8 -265.1
Foreign exchange gain (loss) 140.5 20.2
Net finance cost -233.6 -218.6
Income from associates (net of tax) 21.7 24.8
Profit (Loss) before tax 345.2 -615.9
Income tax -86.0 -1,243.3
Minority interest 36.0 -28.7
Net Profit (Loss) Attributable to Shareholders 295.2 -1887.9

Consolidated Balance Sheet

US\$ million 31 December 2013 31 December 2012
ASSETS
Non-current assets
Goodwill and other intangible assets 986.0 996.2
Property, plant and equipment 4,918.4 4,446.6
Trade and other receivables 198.7 232.1
Associates 188.2 144.9
Other investments 51.9 54.9
Deferred tax assets 76.1 4.6
Total non-current assets 6,419.3 5,879.3
Current assets
Inventories 479.7 378.9
Trade and other receivables 1,865.1 1,735.8
Contracts receivables 414.0 448.9
Other investments - 1,213.4
Cash and cash equivalents 2,266.1 1,033.4
Assets held for sale 2.4 371.8
Total current assets 5,027.3 5,182.2
Total assets 11,446.6 11,061.5

Consolidated Balance Sheet

US\$ million 31 December 2013 31 December 2012
EQUITY
Share capital 272.1 191.6
Share premium 1,441.8 725.7
Reserves 109.6 -14.4
Retained earnings -102.2 378.8
Equity attributable to owners of the Company 1,721.3 1,281.7
Non-controlling interest 366.3 418.9
Total equity 2,087.6 1,700.6
LIABILITIES
Non-current liabilities
Loans and borrowings 4,591.9 2,651.6
Trade and other payables 118.9 134.4
Provisions 48.2 43.1
Deferred tax liabilities 393.3 323.3
Income tax payables 414.7 514.6
Total non-current liabilities 5,567.0 3,667.0
Current liabilities
Loans and Borrowings 1,474.2 2,897.6
Trade and other payables 1,616.3 1,799.9
Billing in excess on construction contracts 218.9 175.3
Provisions 130.5 136.0
Income tax payables 352.1 685.1
Total current liabilities 3,792.0 5,693.9
Total liabilities 9,359.0 9,360.9
Total equity and liabilities 11,446.6 11,061.5

Cash Flow Statement

US\$ million 2013 2012
Net income 259.2 -1,859.2
Depreciation and amortisation 327.0 276.8
Impairment of goodwill 0.0 900.0
Income tax expense 86.0 1,243.3
Other adjustments to net income -1,015.5 -172.8
Net financing costs 6.8 32.7
Decrease (increase) in working capital needs -376.2 -97.0
Cash flow from operating activities -712.7 323.8
Proceeds from sale of property, plant and equipment 43.5 64.0
Investments in property, plant and equipment -777.7 -458.5
Proceeds from assets held for sale 629.0 0.0
Investments in associates, net -31.3 0.0
Dividends from equity accounted investees 0.0 2.5
Other investing activities 1,221.1 -1,172.0
Cash flow used in investing activities 1,084.6 -1,564.0
Proceeds from share issuance 355.6 0.0
Proceeds from treasury share 91.2 28.7
Proceeds from sale of treasury share -20.5 0.0
Proceeds from borrowings 2,964.7 1,880.7
Payment of borrowings -2,411.8 -651.5
Orascom Construction Industries S.A.E. shares acquired -90.0 0.0
Dividends paid -39.7 -59.3
Other 0.0 -10.8
Cash flow from financing activities 849.5 1,187.8
Net increase (decrease) in cash and cash equivalents 1,221.4 -52.4
Cash and cash equivalents at 1 January 1,033.4 1,083.7
Currency translation differences 11.3 2.1
Cash and cash equivalents at 31 December 2013 2,266.1 1,033.4

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS DOCUMENT IS NOT AN EXTENSION INTO THE UNITED STATES OF THE OFFER MENTIONED BELOW AND IS NOT AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN THE UNITED STATES.

This document has been provided to you for information purposes only. This document does not constitute an offer of, or an invitation to invest or deal in, the securities of OCI N.V.

Certain statements contained in this document constitute forward-looking statements relating to OCI N.V. (the "Company"), its business, markets and/or industry. These statements are generally identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "may," "should" and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside of the Company's control and are difficult to predict, that may cause actual results to differ materially from any future results expressed or implied from the forward-looking statements.

The forward-looking statements contained herein are based on the Company's current plans, estimates, assumptions and projections. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. The Company does not make any representation as to the future accuracy of the assumptions underlying any of the statements contained herein. The information contained herein is expressed as of the date hereof and may be subject to change. Neither the Company nor any of its controlling shareholders, directors or executive officers or anyone else has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document.

The Company's backlog or orderbook is based on management's estimates of awarded, signed and ongoing contracts which have not yet been completed, and serves as an indication of total size of contractsto be executed.

For OCI N.V. investor relations enquiries contact:

Hans Zayed [email protected] M +31 (0) 6 18 25 13 67

Erika Wakid [email protected] M +44 (0) 20 7297 8841

OCI N.V. corporate website: www.ocinv.nl

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