*REMINDER* Fireside Chat with Yara CFO

Research evidence excerpt

*REMINDER* Fireside Chat with Yara CFO

EUROPE | Chemicals EquityJuneResearch9, 2026

Please join us for a fireside chat with Magnus Krogh Ankarstrand, the CFO of

Yara on Thursday 11 June 14:00 BST / 15:00 CEST / 09:00 EST. This event

will be hosted by Marcus Dunford-Castro, European Chemicals Analyst.

(REGISTER).

Discussion Topics:

Blue ammonia strategy and capital discipline: The Blue ammonia JV with Air Products•

would secure ~2.8mtpa of low-carbon supply. We will discuss how this supports returns

under tightening carbon pricing, and how management balances investment within a

disciplined capex framework while maintaining distributions.

CBAM and price decoupling: CBAM shifts the cost competitive dynamics, and reduces•

the disadvantage against gas-cheap non-ETS exports. We will discuss how this impacts

pricing, the potential for regional decoupling, and whether this creates a structural margin

uplift.

Middle East disruption: Recent disruption has tightened nitrogen supply and driven sharp•

price moves. We will discuss how management sees the duration of tightness and the

path to normalisation as supply returns.

Demand, farmer economics, and regional premia: Farmer affordability remains a key•

swing factor, we will explore regional demand trends, whether premium products are

under pressure, and how behaviours like potash application deferrals feed into broader

demand. We will also discuss demand trends e.g., India’s tendering behaviour.

Capacity additions and supply balance: We will discuss whether upcoming additions•

meaningfully rebalance the market and its implications for pricing.

Company Speaker:

Magnus Krogh Ankarstrand - CFO

Jefferies Host:

Marcus Dunford-Castro, European Chemicals Analyst

Date & Time:

Thursday 11 June

14:00 BST / 15:00 CEST / 09:00 EST

Register: