Yara will deliver good returns for farmers, industrial customers and its owners

Quarterly Report 2Q 2010

 

Second quarter 2010 financial highlights
Millions, except where indicated otherwise2Q 20102Q 2009
Revenue and other incomeNOK15,67916,129
Operating IncomeNOK1,888(85)
Share net income equity-accounted investeesNOK370654
EBITDANOK6,5871,259
EBITDA excl. special itemsNOK2,7191,229
Net Income after non-controlling interestNOK3,7161,122
Earnings per share 1)NOK12.863.88
Earnings per share excl. currency and special itemsNOK5.221.19
Average number of shares outstanding (millions)NOK288.8289.2
CROGI (12-month rolling average)15.7%12.7%
ROCE (12-month rolling average)18.0%13.1%
EBITDA segments
DownstreamNOK4,649(229)
IndustrialNOK297276
UpstreamNOK1,7071,190
Other and eliminationsNOK(67)22
Yara totalNOK6,5871,259
Operating income segments
DownstreamNOK802(454)
IndustrialNOK233211
UpstreamNOK942153
Other and eliminationsNOK(89)       6
Yara totalNOK1,888(85)
Sales
Nitratekt 1,163 1,619
NPKkt 1,458 1,385
  of which own-producedkt 818 704
  of which own blendskt 447  480
Ureakt 1,075 1,102
  of which own-producedkt 528  432
  of which equity accounted investeeskt 354  448
CNkt 245 206
UANkt 350 380
Other productskt 468 517
Fertilizerkt4,7595,210
      
Industrial products (excl. industrial gases)kt1,046866
Total saleskt5,8056,076
Production 2)
Ammoniakt1,8011,812
  of which equity accounted investeeskt  610 575
Nitratekt  1,486 1,466
  of which equity accounted investeeskt 160 173 
NPKkt  1,221 765
  of which equity accounted investeeskt 151 120
CN kt   255 158
Urea kt  930 986
  of which equity accounted investeeskt 304 290 
UAN kt  189  202
Finished fertilizer and industrial products 3)kt4,0813,577
Total productionkt5,8825,389
      
Energy cost 2)    
Oil & gas cost (weighted average)USD/MMBtu 5.2  4.4 
Oil & gas cost Europe (weighted average)USD/MMBtu 6.7  6.0 
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 associated companies and joint ventures
3) Excluding bulk blends

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Yara result 2Q 2010

Yara result 2Q 2010