3,491 3,547 9,907 9,595 314 153 778 324 591 427 1,596 1,093 630 402 1,640 1,100 74 98 399 2

0.27 0.36 1.47 0.01 0.94 0.50 2.30 1.08 285 89 1,219 846

(255) (303) (744) (1,628) 0.46 0.37 0.46 0.37 1.92 2.31 1.92 2.31

272.4 273.2 272.5 273.2 8.1 % 5.3 % 6.1 % 3.7 %

269 293 269 267 220 241 227 232 215 303 236 274 327 432 364 415 82 92 92 89

3.3 8.4 4.6 7.8 2.4 2.9 2.6 3.0 1.1 1.2 1.1 1.2 3.9 3.9 3.9 3.6

2,195 2,038 6,432 6,210 5,668 5,677 16,621 16,238

646 583 1,815 1,857 8,419 8,877 23,381 24,092 1,056 1,024 3,080 2,893

291 325 654 379 10,412 10,809 28,929 29,221

3.9 6.3 4.9 6.1 4.0 8.2 5.7 8.0

7,901 7,850 21,287 20,870

33.9 33.9 2,342 2,340

109 102

591 427 164 (63) 227

18 14

170 13 29

(17) 227

2,195 2,038 6,432 6,210 266 270 713 1,512

1,577 1,585 4,852 4,789 382 373 1,076 1,157

1,606 1,598 4,666 4,510 1,578 1,537 4,374 4,258

410 408 1,206 1,222 258 226 710 641 204 283 731 756 35 40 82 62

5,668 5,677 16,621 16,238

1,666 1,755 5,346 5,866 958 958 3,241 3,172

556 588 1,605 1,986

1,459 1,511 4,283 4,267 1,383 1,431 4,057 4,001

2,993 3,144 7,450 7,665 1,599 1,550 4,344 4,118

1,305 1,487 2,796 3,227

318 307 995 972 312 303 980 957

289 238 1,025 984 263 218 875 810

197 517 581 827 123 488 418 744

249 264 795 804 205 216 658 658

179 218 434 459 535 479 1,021 904 827 770 2,103 1,723

8,710 9,202 24,034 24,471 291 325 654 379

2,667 2,808 8,636 8,820 3,485 3,836 7,613 7,292

537 657 1,481 1,863 629 533 2,475 2,550 951 1,043 2,679 2,902 441 324 1,150 1,043

8,710 9,202 24,034 24,471

https://www.yara.com/siteassets/investors/057-reports-and-presentations/other/2018/fertilizer-industry-handbook-2018-with-notes.pdf/

221 205 631 585 252 270 778 700 116 106 309 293 50 59 148 182

416 383 1,213 1,133 1,056 1,024 3,080 2,893

20 21 59 61 2 - 2 3

22 21 61 64

(34) (39) (111) (89) (2) (2) (7) (5)

(199) (70) (243) (364) (12) (6) (21) (16)

(248) (117) (381) (474)

(226) (97) (321) (410)

(4,019) (3,794) - (409)

(4,019) (4,203) 480 1,248

- 97 (238) (120) (255) (744)

- (203) 64 (43)

(3,968) (3,968)

- - - - - - - - (3) (14) (3) (14) - - - - - (6) - (6) - (6) - (6) - (1) - (19) - (1) - (19) - (1) - (19)

(1) (19) (7) (25) (3) (21) (3) (39)

- - 3 - - - 3 - - - 3 -- - - - - - - - (3) - (3) -- - - (1) - - - (1) - - (1)

3 (1) 3 (1) (3) (0) (1)

- - - (9) - - - (9) - - - (8) - - - - 1 1 8 4 1 1 8 2 - - - - - - - - (3) (1) (16) (7) - - - - - - - - - (33) - (33) - - (8) - - - - - - - (8) -

(6) (6) (6) (6) (6) (6) (6) (6) (6) (6) (6) (6) - - - - - 21 - 21 - 21 - 21

- - - - - 15 - 15 - 15 - 15 - - - - - - - (7) - - - -- - - - (32) - (32) (32) - (32) -

(6) (6) (14) (15) (37) 31 (38) 18 (40) (3) (54) (16)

(2) - (9) - (2) - (9) - (2) - (9) -(2) - (9) - (2) - (9) - (2) - (9) -

(8) (7) (20) (35) (39) 24 (44) (7) (48) (24) (66) (56)

3 3,477 3,504 9,853 9,527 12,928 5 13 41 45 64 122

1 2 9 4 4 3,491 3,547 9,907 9,595 13,054

(2,560) (2,751) (7,229) (7,347) (9,952) (277) (292) (862) (904) (1,207)

5,8 (231) (192) (683) (593) (807) 4,5 (9) (35) (22) (58) (150) 8 (101) (124) (333) (368) (536)

(3,177) (3,394) (9,129) (9,271) (12,652)

314 153 778 324 402

16 26 52 54 82 22 21 61 64 81

351 200 891 442 566

(199) (70) (243) (364) (278) (48) (47) (139) (110) (153) 104 82 509 (32) 134

(30) 8 (119) 20 6 74 90 390 (12) 141

74 98 399 2 159 - (8) (9) (14) (19)

74 90 390 (12) 141

0.27 0.36 1.47 0.01 0.58 2 272,402,637 273,217,830 272,541,043 273,217,830 273,169,994

74 90 390 (12) 141

(59) (12) (15) (223) (222) (46) - (33) 3 (41)

(106) (13) (47) (221) (263)

(139) (2) (97) 13 (126) - - - (3) (5)

(67) - (93) - (73)

(206) (2) (190) 10 (203)

(312) (14) (237) (210) (465)

(239) 76 153 (223) (325)

(236) 90 163 (175) (278) (3) (14) (10) (47) (47)

(239) 76 153 (223) (325)

66 (49) (1,161) 10,369 9,225 280 9,505

- - - (4) (4) - (4)

- - - 2 2 (14) (12)

- - (177) - (177) (33) (210)

- - - (1) (1) - (1) - - - - - (1) (2) - - - - - 2 2 - - - (219) (219) (2) (221)

66 (49) (1,338) 10,146 8,825 231 9,056

- - - 157 157 (5) 153

- - (187) (73) (260) 5 (255)

- - - 1 1 - 1 - - - (7) (7) (5) (12) - - 2 (2) - - - - - - (33) (33) - (33)

66 (49) (1,523) 10,189 8,683 227 8,910

- - - 399 399 (9) 390

- - (144) (93) (237) - (237)

- - - (1) (1) - (1) - - (54) (97) (151) (139) (290) - - - (203) (203) (1) (204)

66 (49) (1,721) 10,195 8,491 78 8,568

441 412 407 1,017 1,075 1,052

4 8,247 8,341 8,430 8 434 - -

1,022 1,032 1,027 414 453 420

11,575 11,313 11,337

6 2,394 2,444 2,568 1,735 1,585 1,601

683 626 741 208 605 202

4 3 201 206 5,022 5,462 5,319

16,597 16,775 16,656

66 66 66 (49) (49) (49) 17 17 17

4 (1,721) (1,338) (1,523) 4 10,195 10,146 10,189

8,491 8,825 8,683

4 78 231 227 2 8,568 9,056 8,910

581 435 485 413 433 416 273 150 201 228 173 238

7 2,698 3,092 2,776 8 325 - -

4,517 4,283 4,116

1,644 1,866 1,835 420 434 343 78 35 63 93 93 55

122 96 88 419 291 397 640 574 824

8 94 - - 4 - - 26

3,511 3,436 3,630

16,597 16,775 16,656

2 272,402,637 273,217,830 272,697,830

USD millions Notes 3Q 2019 3Q 2018 YTD 2019 YTD 2018 2018

314 153 778 324 402

231 192 683 593 807 5 9 35 22 58 150

2 8 5 3 11 (9) (1) (96) (71) (110) - - 97 98 155

(238) (327) (119) (109) (428) (45) (15) (109) (75) (158) 22 44 (42) 23 (74)

285 89 1,219 846 756

(262) (297) (758) (949) (1,336) - - - (661) (648)

(9) (11) (24) (44) (58) 5 5 8 9 9

11 - 29 17 34 (255) (303) (744) (1,628) (2,000)

7 (110) (174) (181) 1,061 1,138 8 (28) - (78) - -

- - - - (21) 2 - - (203) (219) (219)

- 2 (1) - - (138) (172) (462) 842 897

(4) (6) (7) 2 5

(112) (393) 6 61 (341) 320 998 203 544 544 208 606 208 606 203

61 30 52

273,217,830 - 273,217,830

- (520,000) (520,000) 273,217,830 (520,000) 272,697,830

(295,193) - (295,193) (520,000) 520,000 -

272,402,637 - 272,402,637

2,942 3,013 8,308 8,123 10,968 349 283 985 746 1,063 196 248 606 722 1,017

4 3 8 5 5 3,491 3,547 9,907 9,595 13,054

60 34 139 110 160 1 1 2 3 3

1,725 1,725 4,923 4,484 6,183 (1,786) (1,759) (5,065) (4,597) (6,346)

- - - - -

3,003 3,046 8,447 8,233 11,128 350 283 988 749 1,067

1,921 1,973 5,530 5,206 7,200 (1,782) (1,755) (5,057) (4,593) (6,340) 3,491 3,547 9,907 9,595 13,054

160 116 413 353 427 49 28 121 69 103

138 51 306 (49) (35) (33) (41) (62) (48) (93) 314 153 778 324 402

214 154 580 488 613 59 26 142 77 115

338 280 909 552 856 (20) (32) (35) (23) (62) 591 427 1,596 1,093 1,523

14 - 39 - - 2 - 8 - -

10 - 26 - - 3 - 8 - -

29 - 81 - -

200 154 540 488 613 57 26 134 77 115

328 280 883 552 856 (23) (32) (42) (23) (62) 561 427 1,515 1,093 1,523

17 76 43 225 308 - 2 2 5 9

251 300 686 1,331 1,723 8 7 15 27 41

276 385 747 1,588 2,080

4,642 4,559 4,642 4,559 4,514 542 415 542 415 450

11,069 11,374 11,069 11,374 11,478 344 428 344 428 213

16,597 16,775 16,597 16,775 16,656

160 3 15 177 34 3 214 49 1 - 50 5 3 59

138 11 1 151 185 3 338 (33) - 6 (27) 7 - (20) 314 16 22 351 231 9 591

116 2 16 134 20 - 154 28 - (4) 23 3 - 26 51 24 5 80 165 35 280

(41) - 4 (37) 5 - (32) 153 26 21 200 193 35 427

413 6 49 468 109 3 580 121 1 - 123 16 3 142 306 44 4 354 539 16 909 (62) - 8 (54) 20 - (35) 778 52 61 891 683 22 1,596

353 6 52 411 61 15 488 69 - - 69 8 - 77

(49) 48 3 2 507 43 552 (48) - 8 (40) 17 - (23) 324 54 64 442 593 58 1,093

427 5 67 498 86 28 613 103 1 1 105 10 - 115 (35) 76 4 45 689 122 856 (93) - 10 (83) 22 - (62) 402 82 81 566 807 150 1,523

6,1% 3,7% 3.8%14,6% 14,3% 14.4%40,3% 22,2% 32.9%3,3% 0,8% 0.6%

2,831 106 4 2,941 218 22 109 349 154 16 13 183

- - 4 4 3,202 145 130 3,477

2,906 102 1 3,009

215 22 45 283

177 16 16 209

- - 3 3

3,299 140 65 3,504

8,002 281 12 8,295

650 66 269 985

472 49 44 565

- - 8 8

9,124 397 333 9,853

7,837 270 9 8,116

598 63 85 746

560 50 50 660

- - 5 5

8,995 383 149 9,527

10,561 367 13 10,941

829 85 150 1,064

782 64 67 913

1 - 9 9

12,173 517 239 12,928

804 1,183 236 355 197 167 2,941 196 28 17 30 46 32 349 40 17 6 57 62 - 183 4 - - - - - 4

1,044 1,228 259 442 305 199 3,477

814 1,224 269 409 164 129 3,009 126 29 18 43 36 29 283 24 19 6 74 85 - 209 3 - - - - - 3

968 1,273 293 526 285 159 3,504

2,725 2,635 647 1,037 803 448 8,295 506 83 58 121 126 92 985 112 55 25 179 194 - 565

8 - - - - - 8 3,352 2,772 729 1,337 1,123 540 9,853

2,713 2,363 757 1,126 756 401 8,116 361 47 47 92 115 84 746 83 69 24 237 247 - 660 5 - - - - - 5

3,162 2,479 828 1,455 1,118 485 9,527

3,549 3,370 995 1,494 1,001 531 10,941 503 75 68 141 163 114 1,064 128 97 31 311 346 - 913

9 - - - - - 9 4,190 3,542 1,094 1,947 1,511 645 12,928

USD millions

139

(290)

(151)

(54)

(97)

(151)

(192) (180) (572) (555) (755) (27) - (77) - - (12) (12) (35) (38) (52)

(231) (192) (683) (593) (807)

(6) (22) (22) (47) (136) (3) (13) (3) (13) (16) - - 3 1 3

(9) (35) (22) (58) (150)

11 - 26 18 35 - - 11 - 27 - 21 - 21 21 - - - - 15 - 15 - 15 15 3 4 8 9 9

13 41 45 64 122

1,235 1,270 1,416 52 53 54

1,107 1,120 1,098 2,394 2,444 2,568

(24) (27) (27) (1) 4 2 1 1 1

(23) (22) (24)

2,776 350 - - (10) 1 (7) (413) 2,698

397 28 - - (5) - - - 419 824 (558) - - (36) - (2) 413 640

3,997 (181) - - (51) 1 (9) - 3,757

- 9 - 9 78 54 2 134

267 195 - 461 - 45 - 45

179 181 21 380 1,607 61 - 1,669 2,131 544 23 2,698

10 - - 2 - - 13 - - 14 - - 11 25

113 20 85 83 55 52 409 123 20 99 85 55 63 447

24 19 5 9 15 7 79 (5) (6) (14) (21) (19) (12) (77) (4) - (4) (1) (2) (3) (14)

139 33 86 72 49 55 434

17 6 23 327 82 409 344 88 432

79 - 79 (85) 85 -

- (78) (78) (12) (1) (13) 325 94 419

(101) (29) (130) (124) 591 (29) 561 427

(231) 27 (204) (192) 314 (2) 312 153 (48) 4 (45) (47) 104 2 105 82

(333) (81) (414) (368) 1,596 (81) 1,515 1,093 (683) 77 (606) (593) 778 (4) 774 324

(139) 11 (128) (110) 509 7 516 (32)

8,404 25 8,430 8,247 24 8,271 447 (447) - 434 (434) -

729 13 741 683 12 695 17,065 (409) 16,656 16,597 (398) 16,199

2,759 17 2,776 2,698 14 2,713 344 (344) - 325 (325) -

391 6 397 419 6 425 88 - 88 122 (2) 120 88 (88) - 94 (94) -

17,065 (409) 16,656 16,597 (402) 16,195

214 196 170 125 154 157 177 59 37 46 39 26 29 22

338 306 265 305 280 119 153 (20) 2 (17) (39) (32) (9) 18 591 541 465 430 427 296 370

3,491 3,402 3,014 3,459 3,547 3,192 2,856 314 266 198 78 153 38 134 591 541 465 430 427 296 370 74 230 96 157 98 (211) 116

0.27 0.84 0.35 0.58 0.36 (0.77) 0.42

314 153 857 383 402 12 18 51 68 60 14 17 62 69 69

(85) (47) (242) (130) (133) 16 26 80 67 82

B 270 166 808 457 481

C=Bx4 1,080 666 C 808 457 481

314 153 857 383 402 16 26 80 67 82 22 21 78 82 81

351 200 1,015 532 566 231 193 897 777 807

9 35 114 96 150

591 427 2,026 1,405 1,523 39 (24) 39 45 2

A 630 402 2,064 1,450 1,525

3)

778 324 402 52 54 82 61 64 81

891 442 566 683 593 807 22 58 150

1,596 1,093 1,523 44 7 2

1,640 1,100 1,525 A

74 90 543 102 141 12 18 51 68 60 14 17 62 69 69

(22) (21) (78) (82) (81) 48 47 182 135 153

199 70 156 334 278 30 (8) 133 (39) (6)

(85) (47) (242) (130) (133) B 270 166 808 457 481

C=Bx4 1,080 666 C 808 457 481

5,421 5,520 5,493 5,035 5,281 (267) (817) (351) (552) (573) 200 200 200 200 200

(3,841) (3,536) (3,728) (3,066) (3,255) 463 370 401 525 467 648 572 730 219 373 92 - 59 - -

8,361 8,352 8,369 8,120 8,277 421 - 280 - - 842 874 847 913 913

1,014 1,034 1,018 1,055 1,041 D 13,356 12,570 13,317 12,450 12,725

E=C/D 8.1 % 5.3 % 6.1 % 3.7 % 3.8 %

591 427 1,596 1,093 1,523 (231) (193) (683) (593) (807)

(9) (35) (22) (58) (150) (199) (70) (243) (364) (278) (48) (47) (139) (110) (153) 104 82 509 (32) 134

1)

2)

12,510 12,652

(9,162) (9,259) (35) (36)

(897) (807) (114) (150)

84 - (30) (44) (9) (85) (4) 68

2,342 2,340

1,735 1,601 (66) (90)

4 (14) 1,673 1,497

13,255 12,928 62 69

13,317 12,997

46 42

2,394 2,568 146 (146)

2,539 2,422

9,834 9,952 (1,628) (1,683) 8,206 8,269

113 107

1,644 1,835 (393) (360) 223 (72)

1,473 1,403

12,510 12,652 (897) (807) (114) (150) (727) (745)

10,772 10,950

50 47

109 102

2)

Adjustment for 12-months averageF

Adjustment for VAT payables

O=H+K+N

G

H=(F/G)*365

I

J

K=(I/J)*365

L

M

N=(L/M)*365

1)

1,735 1,585 1,601 2,394 2,444 2,568

(1,251) (1,527) (1,475) (420) (434) (343)

2,457 2,068 2,352

208 605 202 (419) (291) (397) (640) (574) (824) (94) - -

(2,698) (3,092) (2,776) (325) - -

P (3,968) (3,351) (3,794)

(3,968) (3,351) (3,794) (8,568) (9,056) (8,910)

0.46 0.37 0.43

Q

R=P/Q

P

(3,968) (3,351) (3,794) 2,064 1,450 1,525

1.92 2.31 2.49

PA

S=(P)/A

T 272,402,637 273,217,830 272,541,043 273,217,830 273,169,994 U 74 98 399 2 159 V (199) (70) (243) (364) (278) W 55 19 63 97 77

X - (1) (1) (3) (3)

Y (48) (10) (66) (61) (148) Z 10 12 15 23 37 AA=Y+Z (37) 1 (51) (38) (112)

AB - (9) (2) (9) (9)

AC=U–V–W+X–AA+AB

255 138 626 296 460

AD=U/T 0.27 0.36 1.47 0.01 0.58

AE=AC/T 0.94 0.50 2.30 1.08 1.68