Investor Relations

Quarterly Report 1Q 2015

First quarter 2015 financial highlights
Millions, except where indicated otherwise 1Q 2015 1Q 2014
Revenue and other income NOK 27,767 21,709
Operating Income NOK 3,990 2,268
Share net income equity-accounted investees NOK (640) 191
EBITDA NOK 4,794 3,591
EBITDA excl. special items NOK 5,742 3,830
Net income after non-controlling interest NOK 729 1,773
Earnings per share 1) NOK 2.65 6.40
Earnings per share excl. currency and special items NOK 10.51 7.03
Average number of shares outstanding (millions) NOK 275.5 277.1
CROGI (12-month rolling average) 13.3% 11.8%
ROCE (12-month rolling average) 13.1% 11.4%
Production (Kt) 2)      
Ammonia kt 2,000 1,721
 of which equity accounted investees kt 357 308
Urea kt 1,308 1,168
 of which equity accounted investees kt 373 332
Nitrate kt 1,638 1,520
 of which equity accounted investees kt 129 100
NPK 3) kt 1,335 1,248
 of which equity accounted investees kt 57 63
CN kt 364 330
UAN kt 274 258
SSP - based fertilizer 4) kt 270 137
Total production kt 7,189 6,381
       
Sales volumes (Kt)
Ammonia kt 813  650
 of which industrial products 5) kt 200 171
Urea kt 1,816 1,623
 of which fertilizer kt 1,378 1,246
 of which Yara-produced fertilizer kt 523 539
 of which Yara-produced Industrial products 6) kt 379 290
 of which equity-accounted investees kt 542 572
Nitrate kt 1,763 1,755
 of which fertilizer kt 1,595 1,570
 of which Yara-produced fertilizer kt  1,447 1,458
 of which Yara-produced Industrial products kt  120 148
NPK kt 2,179 2,320
 of which Yara-produced compounds kt 1,268 1,351
 of which Yara-produced blends kt 763 858
CN kt 356 358
 of which fertilizer kt 278 279
 of which Yara-produced fertilizer  kt 273 276
 of which Yara-produced Industrial products kt 71 72
UAN kt 418 418
 of which Yara-produced fertilizer  kt  331 393
DAP/MAP kt 196 148
MOP/SOP  kt  150 122
Other products kt 1,176 980
 of which industrial products kt 816 726
Total sales kt 8,868 8,373
       
Realized European nitrate price 7) USD/t    339
       
Energy cost 2)    
Oil & gas cost (weighted average) USD per MMBtu 6.0 8.1
Oil & gas cost Europe (weighted average) USD per MMBtu 7.6 11.3
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      
First quarter 2015 financial highlights
Millions, except where indicated otherwise 1Q 2015 1Q 2014
Revenue and other income NOK 27,767 20,690
Operating Income NOK 3,990 2,682
Share net income equity-accounted investees NOK (640) 525
EBITDA NOK 4,794 4,129
EBITDA excl. special items NOK 5,742 4,094
Net income after non-controlling interest NOK 729 2,255
Earnings per share 1) NOK 2.65 8.04
Earnings per share excl. currency and special items NOK 10.51 8.52
Average number of shares outstanding (millions) NOK 275.5 280.6
CROGI (12-month rolling average) 13.3% 17.0%
ROCE (12-month rolling average) 13.1% 18.7%
Production (Kt) 2)      
Ammonia kt 2,000 1,826
 of which equity accounted investees kt 357 489
Urea kt 1,308 1,191
 of which equity accounted investees kt 373 426
Nitrate kt 1,638 1,520
 of which equity accounted investees kt 129 68
NPK 3) kt 1,335 1,244
 of which equity accounted investees kt 57 11
CN kt 364 326
UAN kt 274 248
SSP - based fertilizer 4) kt 270 81
Total production kt 7,189 6,436
       
Sales volumes (Kt)
Ammonia kt 813  650
 of which industrial products 5) kt 200 171
Urea kt 1,816 1,623
 of which fertilizer kt 1,378 1,246
 of which Yara-produced fertilizer kt 523 539
 of which Yara-produced Industrial products 6) kt 379 290
 of which equity-accounted investees kt 542 572
Nitrate kt 1,763 1,755
 of which fertilizer kt 1,595 1,570
 of which Yara-produced fertilizer kt  1,447 1,458
 of which Yara-produced Industrial products kt  120 148
NPK kt 2,179 2,320
 of which Yara-produced compounds kt 1,268 1,351
 of which Yara-produced blends kt 763 858
CN kt 356 358
 of which fertilizer kt 278 279
 of which Yara-produced fertilizer  kt 273 276
 of which Yara-produced Industrial products kt 71 72
UAN kt 418 418
 of which Yara-produced fertilizer  kt  331 393
DAP/MAP kt 196 148
MOP/SOP  kt  150 122
Other products kt 1,176 980
 of which industrial products kt 816 726
Total sales kt 8,868 8,373
       
Realized European nitrate price 7) USD/t    339
       
Energy cost 2)    
Oil & gas cost (weighted average) USD per MMBtu 6.0 8.1
Oil & gas cost Europe (weighted average) USD per MMBtu 7.6 11.3
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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