2009 highlights

EuroChem is the largest manufacturer of mineral fertilizers in Russia. It ranks among the top three European and top ten global producers in the sector. EuroChem has adopted a development strategy to 2014 that envisages investments of around US$ 4.6bn in new production facilities, improved efficiency and better integration of production processes. 2009 has been a turbulent and challenging year but we are positive about the future.

EuroChem

The key to growth

  • Ongoing delivery of strategic goals: Novomoskovskiy Azot launched CAN and granulated urea production (first in Russia)
  • Construction of potash greenfield projects on track: housing and other infrastructure completed, shaft sinking initiated and detailed engineering for enrichment facility underway
  • Capital expenditure programme aimed at new segments and increased efficiency remains flexible in the event of significant market disruptions
  • Strong balance sheet: EuroChem finished 2009 with RUR 36.5bn of net debt and a net debt/ EBITDA ratio of 2.21
  • BB credit rating confirmed mid-2009 by both Standard & Poor’s and Fitch Ratings

Sales (RUR m)

Sales (RUR m)

EBITDA (RUR m)

EBITDA (RUR m)

Capex (RUR m total)

Capex (RUR m total)

Net profit (RUR m)

Net profit (RUR m)

Gross margin (%)

Gross margin (%)

EBITDA margin (%)

EBITDA margin (%)

Net debt/EBITDA ration

Net debt/EBITDA ration

Capex in potash projects (RUR m)

Capex in potash projects (RUR m)