Investor Relations

Quarterly Report 1Q 2017

First quarter 2017 financial highlights
Millions, except where indicated otherwise 1Q 2017 1Q 2016
Revenue and other income NOK 22,635 25,053
Operating Income NOK 1,524 3,403
Share net income equity-accounted investees NOK 79 0
EBITDA NOK 3,216 5,055
EBITDA excl. special items NOK 3,335 5,050
Net income after non-controlling interest NOK 1,692 434
Earnings per share 1) NOK 6.19 10.22
Earnings per share excl. currency and special items 1) NOK 5.01 9.14
Average number of shares outstanding (millions) NOK 273.2 274.1
CROGI (12-month rolling average) 8.5% 14.1%
ROCE (12-month rolling average) 6.0% 13.1%
Production volumes (thousand tonnes) 2)      
Ammonia kt 1,880 2,008
 of which equity accounted investees kt 251 264
Urea kt 1,312 1,369
 of which equity accounted investees kt 361 400
Nitrate kt 1,617 1,564
 of which equity accounted investees kt 0 0
NPK compounds 3) kt 1,370 1,209
 of which equity accounted investees kt 0 0
CN kt 363 342
UAN kt 250 233
SSP - based fertilizer 4) kt 279 284
Total finished products kt 5,191 5,002
       
Fertilizer and ammonia deliveries (thousand tonnes)
Ammonia 5) kt 436 546
Urea kt 1,158 1,173
 of which Yara-produced fertilizer kt 466 580
 of which equity-accounted investees kt 380 369
Nitrate kt 1,511 1,445
 of which Yara-produced fertilizer kt  1,440 1,323
NPK kt 2,399 2,187
 of which Yara-produced compounds kt 1,416 1,201
 of which Yara-produced blends kt 863 879
CN kt 299 283
 of which Yara-produced fertilizer  kt 296 279
UAN kt 320 354
 of which Yara-produced fertilizer  kt 270 329
SSP kt 112 113
 of which Yara-produced fertilizer  kt 60 102
DAP/MAP kt 179 266
MOP/SOP  kt 169 169
Other fertilizer products kt 213 238
Total fertilizer deliveries kt 6,360 6,228
Total Industrial Deliveries (Kt)
Ammonia 5) kt 214 171
Urea 5) kt 558 466
  of which Environmental products kt 217 171
Nitrate 6) kt 208 185
Calcium Nitrate kt 98 82
Other Industrial products 7) kt 270 418
Water content in Industrial Ammonia and Urea kt 453 396
Total sales IND sales (incl. water) - Yara External kt 1,802 1,719
       
Price      
Realized European nitrate price 8) USD/t  

248

       
Energy cost 2)    
Oil & gas cost (weighted average) USD per MMBtu 5.2 4.1
Oil & gas cost Europe (weighted average) USD per MMBtu 6.5 5.0
1) Yara currently has no share-based compensation program that results in a dilutive effect on earnings per share
2) Including Yara share of production in equity-accounted investees. Tringen is from 2014 classified as "Joint operations" in line with IFRS 11, and is not any longer included as equity-accounted
3) Excluding NPK blends
4) Primarily an intermediate product used to make NPK blends
5) Pure product equivalent
6) Including AN solution      
7) Including nitric acid, feed phosphates, CO2, sulphuric acid and other minor products
8) Per ton of CAN equivalents, excl Sulphur      

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