Our prosperity performance

Yara will continue to be a positive force for a profitable green shift. Operational excellence equips us with a strong core and enables us to profit from the opportunities arising in our business environment to create value for our shareholders, customers, and society at large.

profit
24.1 USD billion

Revenues

Trade
3827 USD million

Operating income

arrow up
5 USD billion

EBITDA

How we work

Ensuring the continued prosperity of the company and the communities where we operate is a key priority for Yara.

Ensuring continuous improvement and operational excellence are central to achieving this. Operational excellence is paramount to unlock the potential of our strategy. It equips us with a strong core as we expand our reach and offering and develop new business models. Our approach to operational excellence is multidimensional and covers our culture and people as well as the efficiency and footprint of our operations, in which digitalization plays a key role.

The Yara brand is recognized globally, and our products are known for their high quality and reliability. We live by our customers and continuously invest in product quality, knowledge, customer service, and new solutions to help them thrive and reach new standards for sustainability. We increasingly connect and engage directly with farmers and partners in the food chain to share our knowledge, demonstrate our solutions, and optimize our offerings for the local conditions.

Sustainable finance is growing in force and impact. Capital is increasingly channeled towards organizations and activities that manage their economic, social, and environmental (ESG) impacts well, driven by responsible investments, ESG and credit ratings, and regulations such as the EU taxonomy. We welcome sustainable finance as a means to translate our ambitions and achievements into value and reinforce Yara as an attractive investment.

We aim to create shared value for the company and society. Helping the 20 million farmers that buy our products succeed is essential to achieving this, as is engaging in the communities where we operate. Trust and support from local communities is fundamental to Yara’s license to operate.

How we performed in 2022

Prosperity icon Prosperity performance

Yara KPI Measure 2022 2025 Target

Ammonia production1)

Mt

7.7

8.6

Finished fertilizer production1)

Mt

20.5

22.5

Premium generated3)

MUSD

1,808

N/A

Revenues from new business models

MUSD

22

1,500

Revenues from online sales

MUSD

17

1,200

Working capital1,2)

Days

87

92

Capital return (ROIC)2),5)

%

25.7

>10

Fixed costs2)

MUSD

2,379

Beat inflation

Capex4)

BUSD

1

1.2

Net debt/EBITDA2)

Ratio

0.66

1.5-2.0

MSCI rating

Score

A

A

Sustainalytics rating

Score

Med

Med


1) Yara Improvement Program target for 2023
2) See page 267 in the Integrated report for definitions, explanations, and reconciliations of Alternative Performance Measures (APMs).
3) Market reference used in the premium calculation is currently under review
4) CAPEX max 1.2 BUSD (including maintenance) in 2022 real terms
5) Fixed cost target is annual

Our material topics

profit Profitability
Sustaining profitability in our business and delivering superior shareholder returns based on reliable and cost-efficient operations, capital discipline, and global optimization.
Green Finance

Sustainable finance
Supporting sustainable finance by implementing sustainability criteria in our investment decisions and maintaining a favorable ESG profile and high ratings on ESG criteria.

products digital Digitalization
Applying digital technologies to improve our production, agronomy services and overall business.
customer-services Customer management
Maintain reliability of supply despite unpredictable market conditions, maintain high quality of product and long-term customer relations.
global supply chain Sustainable supply chains
Understanding, managing, and improving environmental, social, and economic impacts along the value chain.
Community Impact Socioeconomic impact on communities
Empowering and caring for the communities in which we operate.

Read more in Yara's 2022 Sustainability Report