Investor Relations

Quarterly Report 2Q 2016

Second quarter 2016 financial highlights
Millions, except where indicated otherwise 2Q 2016 2Q 2015
Revenue and other income NOK 25,866 27,929
Operating Income NOK 3,512 3,556
Share net income equity-accounted investees NOK 82 152
EBITDA NOK 5,489 5,179
EBITDA excl. special items NOK 3,958 5,055
Net income after non-controlling interest NOK 3,072 2,916
Earnings per share 1) NOK 11.23 10.59
Earnings per share excl. currency and special items NOK 6.37 9.58
Average number of shares outstanding (millions) NOK 273.5 275.3
CROGI (12-month rolling average) 14.2% 13.2%
ROCE (12-month rolling average) 13.1% 12.8%
Production (Kt) 2)      
Ammonia kt 1,929 1,817
 of which equity accounted investees kt 269 353
Urea kt 1,302 1,321
 of which equity accounted investees kt 373 409
Nitrate kt 1,460 1,496
 of which equity accounted investees kt 0 70
NPK 3) kt 1,023 1,120
 of which equity accounted investees kt 0 26
CN kt 343 373
UAN kt 254 223
SSP - based fertilizer 4) kt 321 259
Total production kt 6,633 6,609
       
Sales volumes (Kt)
Ammonia kt 762 732
 of which industrial products 5) kt 166 165
Urea kt 1,814 1,960
 of which fertilizer kt 1,326 1,473
 of which Yara-produced fertilizer kt 603 571
 of which Yara-produced Industrial products 6) kt 356 401
 of which equity-accounted investees kt 520 636
Nitrate kt 1,518 1,417
 of which fertilizer kt 1,353 1,240
 of which Yara-produced fertilizer kt  1,270 1,108
 of which Yara-produced Industrial products kt  133 137
NPK kt 2,256 2,127
 of which Yara-produced compounds kt 1,085 1,059
 of which Yara-produced blends kt 1,124 986
CN kt 435 408
 of which fertilizer kt 343 327
 of which Yara-produced fertilizer  kt 337 320
 of which Yara-produced Industrial products kt 72 75
UAN kt 483 438
 of which Yara-produced fertilizer  kt 348 331
SSP  kt 298 278
 of which Yara-produced fertilizer  kt 260 251
DAP/MAP kt 227 355
MOP/SOP  kt 383 333
Other products kt 872 907
 of which industrial products kt 228 304
Total sales kt 9,277 9,259
       
Realized European nitrate price 7) USD/t  

273

       
Energy cost 2)    
Oil & gas cost (weighted average) USD per MMBtu 3.8 5.7
Oil & gas cost Europe (weighted average) USD per MMBtu 4.6 7.5
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
3) Excluding NPK blends
4) Primarily an intermediate product used to make NPK blends
5) 82% ammonia equivalents
6) 46% urea equivalents      
7) Per ton of CAN equivalents      
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