Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces its production update for the year 2012. Total fertilizer production and sales in FY 2012 grew 8.6% a record 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 volumes* for FY 2012 by 4.5% y-o-y in 2012, while production of phosphate-based fertilizers for the same period increased by 5.7% y-o-y.
PhosAgro’s production and sales volumes for 2012 are summarized in the tables below.
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 plant |
8,960.3 |
8,716.8 |
2.8% |
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 plant |
4,583.1 |
4,149.3 |
10.5% |
Other products |
257.3 |
347.0 |
(25.9%) |
Commenting on the 2012 operations results, PhosAgro CEO Maxim Volkov said: “We are delighted that in 2012 we were able to achieve such significant growth in production and sales of fertilizers. For the first time in the Company’s history, fertilizer sales volumes exceeded 5 million tonnes per year. Our strategy of organic growth supported by flexible production and sales structure enabled us to almost double production of fertilizers from 2.8 to 5.4 million tonnes over 10 years, from 2002 to 2012. Going forward, we remain focused on delivering on our strategy to produce sustainable positive.”
The table below provides a breakdown of 2012 production volumes by major product:
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 be1neficiation 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 Call
On 21 January 2013 at 13:00 London time (17:00 Moscow; 08:00 New York) PhosAgro will host a conference call and webcast to discuss its 2012 operating results.
The call will be held in English with simultaneous translation into Russian on a separate line. Participants will be required to tell the operator their preferred language when dialing in.
Webcast links:
English: www.media-server.com/en
Russian: www.media-server.com/ru
Conference call dial-ins:
Moscow: +7 499 272 4337
New York: +1 646 843 4608
London: +44 (0) 20 3003 2666
Toll Free:
UK: 0808 109 0700
USA: 1 866 966 5335
Russia (Moscow only): 8 10 8002 1774011
Conference call password: PhosAgro
M:Communications
Sam VanDerlip
+44 7554 993 032
* Excluding intra-group sales