Investor Relations

Quarterly Report 3Q 2017

Third quarter 2017 financial highlights
Millions, except where indicated otherwise 3Q 2017 3Q 2016
Revenue and other income NOK 23,769 23,924
Operating Income NOK 694 1,336
Share net income equity-accounted investees NOK (4) (72)
EBITDA NOK 2,386 3,004
EBITDA excl. special items NOK 2,728 2,968
Net income after non-controlling interest NOK 709 821
Earnings per share 1) NOK 2.60 3.00
Earnings per share excl. currency and special items 1) NOK 3.21 3.38
Average number of shares outstanding (millions) NOK 273.2 273.2
CROGI (12-month rolling average) 6.5% 10.7%
ROCE (12-month rolling average) 3.2% 8.1%
Production volumes (thousand tonnes) 2)      
Ammonia kt 1,803 1,682
 of which equity accounted investees kt 245 248
Urea kt 1,328 1,171
 of which equity accounted investees kt 380 391
Nitrate kt 1,580 1,466
 of which equity accounted investees kt 0 0
NPK compounds 3) kt 1,409 1,120
 of which equity accounted investees kt 0 0
CN kt 379 357
UAN kt 228 202
SSP - based fertilizer 4) kt 219 433
Total finished products kt 5,143 4,749
       
Fertilizer and ammonia deliveries (thousand tonnes)
Ammonia 5) kt 453 438
Urea kt 1,194 913
 of which Yara-produced fertilizer kt 506 360
 of which equity-accounted investees kt 492 397
Nitrate kt 1,473 1,445
 of which Yara-produced fertilizer kt  1,385 1,366
NPK kt 3,018 3,167
 of which Yara-produced compounds kt 1,426 1,384
 of which Yara-produced blends kt 1,545 1,750
CN kt 284 279
 of which Yara-produced fertilizer  kt 279 274
UAN kt 281 229
 of which Yara-produced fertilizer  kt 242 204
SSP kt 549 371
 of which Yara-produced fertilizer  kt 461 337
DAP/MAP kt 199 182
MOP/SOP  kt 501 416
Other fertilizer products kt 207 229
Total fertilizer deliveries kt 8,159 7,669
Total Industrial Deliveries (Kt)
Ammonia 5) kt 161 156
Urea 5) kt 543 517
  of which Environmental products kt 198 193
Nitrate 6) kt 194 182
Calcium Nitrate kt 111 103
Other Industrial products 7) kt 282 276
Water content in Industrial Ammonia and Urea kt 454 409
Total sales IND sales (incl. water) - Yara External kt 1,745 1,642
       
Price      
Realized European nitrate price 8) USD/t  

172

       
Energy cost 2)    
Oil & gas cost (weighted average) USD per MMBtu 4.6 4.0
Oil & gas cost Europe (weighted average) USD per MMBtu 5.7 4.9
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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