Investor Relations

Quarterly Report 4Q 2013

Fourth quarter 2013 financial highlights
Millions, except where indicated otherwise 4Q 2013 4Q 2012
Revenue and other income NOK 20,566 20,966
Operating Income NOK 544 2,148
Share net income equity-accounted investees NOK (18) 492
EBITDA NOK 1,835 3,591
EBITDA excl. special items NOK 2,339 3,539
Net income after non-controlling interest NOK 59 2,153
Earnings per share 1) NOK 0.21 7.67
Earnings per share excl. currency and special items NOK 2.64 7.21
Average number of shares outstanding (millions) NOK 277.2 280.6
CROGI (12-month rolling average) 12.6% 17.3%
ROCE (12-month rolling average) 12.4% 19.3%
Production (Kt) 2)      
Ammonia kt 1,844 1,788
 of which equity accounted investees kt 453 479
Urea kt 1,189 1,089
 of which equity accounted investees kt 365 337
Nitrate kt 1,587 1,556
 of which equity accounted investees kt 100 69
NPK 3) kt 1,241 1,169
 of which equity accounted investees kt 67 68
CN kt 285 290
UAN kt 276 196
SSP - based fertilizer 4) kt 201 142
Total production kt 6,623 6,231
       
Sales volumes (Kt)
Ammonia kt 705  880
 of which industrial products 5) kt 172 158
Urea kt 1,769 1,620
 of which fertilizer kt 1,429 1,298
 of which Yara-produced fertilizer kt 564 549
 of which Yara-produced Industrial products 6) kt 313 261
 of which equity-accounted investees kt 778 645
Nitrate kt 1,566 1,547
 of which fertilizer kt 1,389 1,378
 of which Yara-produced fertilizer kt  1,260 1,278
 of which Yara-produced Industrial products kt  138 151
NPK kt 2,350 1,710
 of which Yara-produced compounds kt 1,100 1,157
 of which Yara-produced blends kt 1,206 477
CN kt 278 257
 of which fertilizer kt 183 168
 of which Yara-produced fertilizer  kt 178 165
 of which Yara-produced Industrial products kt 86 81
UAN kt 247 153
 of which Yara-produced fertilizer  kt  236 132
DAP/MAP kt 103 40
MOP/SOP  kt  189 75
Other products kt 758 571
 of which industrial products kt 545 394
Total sales kt 7,964 6,854
       
Realized European nitrate price 7) USD/t    367
       
Energy cost 2)    
Oil & gas cost (weighted average) USD per MMBtu 7.8 8.3
Oil & gas cost Europe (weighted average) USD per MMBtu 11.2 11.4
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