Yara International (OTCPK:YARI.Y) 2026 Capital Markets Day Transcript

Summary of Yara International Capital Markets Day - January 09, 2026 Company Overview - Company: Yara International (OTCPK:YARI.Y) - Event: 2026 Capital Markets Day - Date: January 09, 2026 - Location: Oslo, Norway Key Industry Insights - Industry: Fertilizer and Crop Nutrition - Market Dynamics: The nitrogen market fundamentals were discussed, highlighting the importance of nitrogen in crop production and the challenges faced by farmers in nutrient replacement [4][5][7]. Core Strategic Priorities - Resilience and Growth: Yara aims to strengthen resilience and grow sustainable returns through its business model and competitive advantages [3][16]. - Safety Commitment: Yara emphasizes a commitment to safety with a long-term ambition of zero accidents, despite a recent increase in accident rates [8][9][10][12]. - Sustainability Goals: The company is focused on reducing greenhouse gas emissions and optimizing nutrient use efficiency to support sustainable food systems [20][21][22]. Financial Performance - Shareholder Returns: Yara has distributed $5.5 billion to shareholders since 2020 and aims for significant growth in shareholder returns going forward [16][28]. - EBITDA Improvement Targets: Yara has set a target to improve EBITDA by more than $200 million by the end of 2027 and $350 million by the end of 2030 [27][28]. Production and Operational Excellence - Production Capacity: Yara achieved a production capacity of approximately 21 million tons of finished fertilizer, representing an 8% increase in volumes [57]. - Investment in Production: Significant investments are being made in expanding production capabilities, including a $50 million investment in Cartagena and a carbon capture project in Sluiskil [58][60]. Market Trends and Challenges - Urea Market Dynamics: The urea market saw demand-driven pricing in 2025, with strong sales in India and production issues in other regions affecting supply [38][39]. - Natural Gas Prices: Falling natural gas prices in Europe improved margins for producers, with expectations of increased LNG capacity in the coming years [46][47]. - Carbon Pricing and CBAM: The implications of the Carbon Border Adjustment Mechanism (CBAM) on European fertilizer prices were discussed, highlighting potential risks and uncertainties [32][33][49]. Technological Innovations - Emission Reduction Technologies: Yara has developed an N2O abatement catalyst that significantly reduces greenhouse gas emissions, contributing to the company's sustainability goals [21][22]. Conclusion - Future Outlook: Yara is well-positioned to navigate market uncertainties and capitalize on growth opportunities while maintaining a focus on profitability and sustainability [30][35][36].