Yara delivers better returns with continued growth of its premium products Oslo Stock Exchange: YAR


Oslo, 23 april 2021: Yara improved reports first-trimester results, as a price improvement more than compensated the impact of more energy cost. Ffirst-quarter nand the income was USD 14 million (USD 0.05 per share) against USD 119 million (USD 0.43 per share) a year earlier.

The main elements of the first quarter results are:

  • EBITDA excl. special items1 was $ 585 million, up from $ 504 million a year earlier, as improved prices more than offset the rising cost of natural gas
  • Continued growth of premium products
  • Free cash flow of $ 2.7 billion2 the last 12 months
  • 8.6% ROIC3, compared to 6.9% a year earlier

“Yara delivered its eleventh consecutive quarter with improved returns on capital, with EBITDA excluding specials up 16% and continued growth in premium sales. The Yara organization continues to perform well in a demanding environment, ”said Svein Tore Holsether, President and CEO of Yara.

“Our cash flow has also continued to improve, with $ 2.7 billion of free cash flow generated over the past four quarters. We will look to further cash returns in the coming quarters, in line with the Yara’s capital allocation policy, ”Holsether said.

First quarter operating income was $ 322 million, compared to $ 248 million a year earlier. Earnings per share excluding currency and special items was $ 0.80, compared to $ 0.39 per share in the first quarter of 2020. EBITDA excluding special items was $ 585 million, compared to $ 504 million a year earlier.

Yara’s industry fundamentals are strong, as the dual challenge of resource efficiency and environmental footprint requires significant transformations within agriculture and the hydrogen economy. Yara’s leadership positions in food solutions and ammonia are well positioned to respond and create business opportunities from these challenges.

Link to the report, presentation and webcast April 23 at 12:00 p.m. CEST:
https://www.yara.com/investor-relations/latest-quarterly-report/

1) For the definition and reconciliation of EBITDA excl. special items, see APM section in report 1Q page 27
2) Net cash flow from operating activities less net cash used in investing activities, see cash flow table in the 1Q report page 14
3) Return on invested capital, for the definition and reconciliation of ROIC see APM section in report 1Q page 29

Note on alternative performance measures: Alternative performance measures are
defined, explained and reconciled to the financial statements in the APM section
of the quarterly report on pages 28-33.

Contact

Thor Giæver, Please Investor Relations
Mobile phone: (+47) 480 75356
Email: [email protected]

Josiane Kremer, Director EExternal communications
Mobile phone: (+47) 481 80451
Email: [email protected]

About Yara

Yara develops her knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a respected planet, we pursue a strategy of sustainable growth in value, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate-friendly food future that creates value for our customers, shareholders and society as a whole and provides a more sustainable food value chain.

To achieve our ambition, we have taken the lead in the development of digital agricultural tools for precision agriculture and are working closely with partners throughout the food value chain to improve the efficiency and sustainability of the food industry. food production. With a focus on clean ammonia production, we aim to enable the hydrogen economy, fostering a green transition of shipping, fertilizer production and other energy-intensive industries.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with approximately 17,000 employees and operations in over 60 countries, with a proven track record of delivering strong returns. In 2020, Yara reported revenues of $ 11.6 billion.

www.yara.com

This information is subject to disclosure obligations in accordance with section 5-12 of the Norwegian Securities Law.

  • Yara 1Q 2021 Report

  • Presentation Yara 1Q 2021

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