21st Jan 2013 08:40
OJSC PHOSAGRO - PhosAgro Sets Fertilizer Prod. and Sales Records in 2012OJSC PHOSAGRO - PhosAgro Sets Fertilizer Prod. and Sales Records in 2012
PR Newswire
London, January 21
PhosAgro Sets Fertilizer Production and Sales Records in 2012
Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), a leading global verticallyintegrated phosphate-based fertilizer producer, announces its production updatefor the year 2012. Total fertilizer production and sales in FY 2012 grew 8.6% arecord 5.4 million tonnes and 7.8% to an all-time high of 5.3 million tonnes,respectively. The Company increased phosphate-based fertilizer sales volumesfor FY 2012 by 4.5% y-o-y in 2012, while production of phosphate-basedfertilizers for the same period increased by 5.7% y-o-y.
PhosAgro's production and sales volumes for 2012 are summarized in the tablesbelow. Production Volumes by type (kmt) 2012 2011 Change y-o-y Phosphate-based fertilizers 4,340.0 4,105.4 5.7% Nitrogen-based fertilizers 1,098.0 901.3 21.8% TOTAL Fertilizers 5,438.0 5,006.7 8.6% Apatit mine and beneficiation 8,960.3 8,716.8 2.8%plant Other products 7,165.1 7,186.5 (0.3%) Sales Volumes by type (kmt) 2012 2011 Change y-o-y Phosphate-based fertilizers 4,242.9 4,061.7 4.5% Nitrogen-based fertilizers 1,094.9 889.4 23.1% TOTAL Fertilizers 5,337.8 4,951.1 7.8% Apatit mine and beneficiation 4,583.1 4,149.3 10.5%plant Other products 257.3 347.0 (25.9%)Commenting on the 2012 operations results, PhosAgro CEO Maxim Volkov said: "Weare delighted that in 2012 we were able to achieve such significant growth inproduction and sales of fertilizers. For the first time in the Company'shistory, fertilizer sales volumes exceeded 5 million tonnes per year. Ourstrategy of organic growth supported by flexible production and sales structureenabled us to almost double production of fertilizers from 2.8 to 5.4 milliontonnes over 10 years, from 2002 to 2012. Going forward, we remain focused ondelivering on our strategy to produce sustainable positive."
The table below provides a breakdown of 2012 production volumes by majorproduct: Production Volumes (kmt) 2012 2011 Change y-o-y Apatit mine and beneficiation plant Phosphate rock 7,903.6 7,719.8 2.4% Nepheline concentrate 1,056.7 997.0 6.0% Phosphate-based fertilizers DAP/MAP 2,047.3 2,537.4 (19.3%) NPK 1,644.2 1,199.2 37.1% NPS 346.4 82.3 320.9% APP 60.5 58.1 4.1% MCP 241.6 228.4 5.8% Nitrogen-based fertilizers AN 314.6 455.7 (31.0%) NP 80.3 0.0 - Urea 703.1 445.6 57.8% Other products AlF3 24.1 24.2 (0.4%) Ammonia 1,095.6 1,010.1 8.5% Phosphoric acid 1,608.1 1,711.2 (6.0%) Sulphuric acid 4,437.3 4,441.0 (0.1%)The table below provides a breakdown of 2012 sales volumes by major product:
Sales Volumes (kmt) 2012 2011 Change y-o-y Apatit mine and beneficiation plant Phosphate rock 3,541.8 3,152.6 12.3% Nepheline concentrate 1,041.3 996.7 4.5% Phosphate-based fertilizers DAP/MAP 2,027.1 2,533.2 (20.0%) NPK 1,619.0 1,162.8 39.2% NPS 299.1 82.7 261.7% APP 52.0 55.7 (6.6%) MCP 245.7 227.3 8.1% Nitrogen-based fertilizers AN 297.9 446.8 (33.3%) NP 79.4 0.0 - Urea 717.6 442.6 62.1% Other products AlF3 24.1 24.4 (1.2%) Ammonia 72.8 141.8 (48.7%) Phosphoric acid 12.6 13.0 (3.1%) Sulphuric acid 147.8 167.8 (11.9%)Conference CallOn 21 January 2013 at 13:00 London time (17:00 Moscow; 08:00 New York) PhosAgrowill host a conference call and webcast to discuss its 2012 operating results.
The call will be held in English with simultaneous translation into Russian ona separate line. Participants will be required to tell the operator theirpreferred language when dialing in.
English: http://www.media-server.com/m/p/u7j2h2bm/lan/en
Russian: http://www.media-server.com/m/p/u7j2h2bm/lan/ru
Conference call dial-ins:+7 499 272 4337 Moscow+1 212 999 6659 New York+44 (0) 20 3003 2666 LondonToll Free:0808 109 0700 UK1 866 966 5335 USA8 10 8002 490 2044 Russia (Moscow only)Conference call password: PhosAgro
For further information please contact:
OJSC PhosAgro
+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press OfficerM:CommunicationsSam [email protected]+44 (0) 20 7920 2356Notes to EditorsPhosAgro is one of the leading global vertically integrated phosphate-basedfertilizer producers. PhosAgro focuses on the production of phosphate-basedfertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of notless than 39 percent), as well as ammonia and nitrogen-based fertilizers. In2011, PhosAgro was the largest phosphate-based fertilizer producer byproduction volume in Europe, the largest producer of high-grade phosphate rockby production volume worldwide, and the second largest MAP/DAP producer bynameplate capacity and the third largest MAP/DAP producer by production volumein the world (excluding China), according to Fertecon and the InternationalFertilizer Industry Association. PhosAgro is also a leading producer of MCPfeed phosphate in Europe, and the only producer of MCP in Russia.
PhosAgro has 2.1 billion tonnes of measured and indicated resources (measuredas of 1 June 2011 according to the JORC Code) (inclusive of reserves) of highquality apatite-nepheline ore, representing over 75 years of production (atcurrent extraction levels). The Group's apatite-nepheline ore contains P2O5,Al2O3, TiO2 (titanium oxide) and rare earth minerals. The Group's ore resourcesaccount for approximately 41 per cent. of the total rare earth resourcescurrently reported in Russia.
The Company's mines and phosphate rock production facilities are located in themountainous areas of the Kola Peninsula in the Murmansk region of northwestRussia, whereas its fertilizer and feed phosphate production assets are locatednear the city of Cherepovets in the Vologda region and near the city ofBalakovo in the Saratov region of southwest part of European Russia. PhosAgroreported 2011 IFRS revenue of USD 3.4 bln and 2011 EBITDA of USD 1.2 bln. TheСompany's net debt/EBITDA ratio was 0.43 as of 31 December 2011.
For further information on PhosAgro please visit: www.PhosAgro.com
Excluding intra-group sales
Related Shares:
Phosagro S