Investor Relations

Quarterly Report 2Q 2017

Second quarter 2017 financial highlights
Millions, except where indicated otherwise 2Q 2017 2Q 2016
Revenue and other income NOK 23,471 25,866
Operating Income NOK 1,103 3,512
Share net income equity-accounted investees NOK 57 82
EBITDA NOK 2,992 5,489
EBITDA excl. special items NOK 2,873 3,958
Net income after non-controlling interest NOK 699 3,072
Earnings per share 1) NOK 2.56 11.23
Earnings per share excl. currency and special items 1) NOK 2.90 6.37
Average number of shares outstanding (millions) NOK 273.2 273.5
CROGI (12-month rolling average) 6.8% 14.1%
ROCE (12-month rolling average) 3.6% 13.8%
Production volumes (thousand tonnes) 2)      
Ammonia kt 1,803 1,929
 of which equity accounted investees kt 260 269
Urea kt 1,259 1,302
 of which equity accounted investees kt 382 373
Nitrate kt 1,360 1,460
 of which equity accounted investees kt 0 0
NPK compounds 3) kt 1,362 1,097
 of which equity accounted investees kt 0 0
CN kt 385 343
UAN kt 233 254
SSP - based fertilizer 4) kt 152 247
Total finished products kt 4,751 4,703
       
Fertilizer and ammonia deliveries (thousand tonnes)
Ammonia 5) kt 653 596
Urea kt 1,239 1,326
 of which Yara-produced fertilizer kt 559 603
 of which equity-accounted investees kt 448 520
Nitrate kt 1,135 1,363
 of which Yara-produced fertilizer kt  1,077 1,270
NPK kt 2,304 2,256
 of which Yara-produced compounds kt 1,138 1,085
 of which Yara-produced blends kt 1,116 1,124
CN kt 355 343
 of which Yara-produced fertilizer  kt 350 337
UAN kt 465 483
 of which Yara-produced fertilizer  kt 337 348
SSP kt 410 298
 of which Yara-produced fertilizer  kt 327 260
DAP/MAP kt 178 227
MOP/SOP  kt 366 383
Other fertilizer products kt 253 243
Total fertilizer deliveries kt 6,706 6,922
Total Industrial Deliveries (Kt)
Ammonia 5) kt 162 159
Urea 5) kt 528 489
  of which Environmental products kt 216 189
Nitrate 6) kt 203 197
Calcium Nitrate kt 97 83
Other Industrial products 7) kt 287 415
Water content in Industrial Ammonia and Urea kt 460 414
Total sales IND sales (incl. water) - Yara External kt 1,736 1,756
       
Price      
Realized European nitrate price 8) USD/t  

199

       
Energy cost 2)    
Oil & gas cost (weighted average) USD per MMBtu 4.7 3.8
Oil & gas cost Europe (weighted average) USD per MMBtu 5.6 4.6
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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