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DEBT ROAD SHOW PRESENTATION IMPORTANT LEGAL NOTES ICL- AT A GLANCE - PowerPoint PPT Presentation

DEBT ROAD SHOW PRESENTATION IMPORTANT LEGAL NOTES ICL- AT A GLANCE $5.6 B 44 ~11,000 TOP 3 (1) $5.8 B >4.0% #2 BBB- SUSTAINABILITY SILVER ranking $121 M Sustainable Procurement Success in Emission Reduction Top-Tier Environmental


  1. DEBT ROAD SHOW PRESENTATION

  2. IMPORTANT LEGAL NOTES

  3. ICL- AT A GLANCE $5.6 B 44 ~11,000 TOP 3 (1) $5.8 B >4.0% #2 BBB-

  4. SUSTAINABILITY SILVER ranking $121 M Sustainable Procurement Success in Emission Reduction Top-Tier Environmental & Safety ‘ Platinum+ ’ Ranking Management

  5. DNA OF LEADERSHIP #1 #3 #1 #1 #1 #1

  6. LEADERSHIP STRATEGY Phosphate Solutions division PRESENT essential ingredients Industrial Products division IAS - Innovative Ag Solutions division IAS Potash division POTASH

  7. ICL BUSINESS LEADERSHIP Market Share – Specialty Phosphates – Europe, NA, and LatAm 1 Global Bromine Production Capacity 1 ICL Others 24% 11% Chinese producers ICL 10% (Dead Sea) 39% USA (ALB, LXS) 23% Albemarle (Dead Sea) 17% Potash business cost by Site and by Company 2 ICL Dead IAS Sea POTASH

  8. ORGANIZATIONAL STRUCTURE ALIGNED WITH STRATEGY Phosphate Solutions division 1,2 Industrial Products division 1 Potash division 1 IAS - Innovative Ag Solutions division 1 IAS POTASH

  9. LEADERSHIP STRATEGY POTASH

  10. INDUSTRIAL PRODUCTS SOLID LEADERSHIP THE GLOBAL BROMINE UNIQUE BROMINE PRICES MARKET LEADER ADVANTAGE IN CHINA 175 K TONNES NO. 1 240K TONNES NO . 1

  11. LEADERSHIP STRATEGY POTASH

  12. POTASH ICL ’ S UNIQUE POSITION WELL ESTABLISHED IN LOWER COST AND FASTER STRONG POSITION GROWING MARKETS TIME-TO-MARKET 4.9 MILLION TONNES 8 0% PRODUCED FROM THE DEAD SEA NO. 6

  13. POTASH ICL ’ S UNIQUE POSITION WELL ESTABLISHED IN LOWER COST AND FASTER STRONG POSITION GROWING MARKETS TIME-TO-MARKET 4.9 MILLION TONNES Europe US IL China 8 0% PRODUCED FROM THE DEAD SEA India Brazil NO. 6

  14. Potash Pricing trend

  15. LEADERSHIP STRATEGY POTASH

  16. PHOSPHATE SOLUTIONS ICL ’ S RECIPE FOR LEADERSHIP UNIQUE BACKWARD WITH A LEADING MARKET AND VALUABLE INTEGRATION MODEL POSITION INNOVATIVE PRODUCTS 5 M TONNES Market Share – Specialty Phosphates – Europe, NA, and LatAm 1 ICL Over 90% of phosphate rock 24% 1.2 M TONNES 290 K TONNES Source: ICL estimates (2017)

  17. Phosphate Commodities Pricing Trends

  18. LEADERSHIP STRATEGY POTASH

  19. INNOVATIVE AG SOLUTIONS CREATING LEADERSHIP SPECIALTY FERTILIZERS - THE FAST GROWING INDUSTRY DIVERSIFIED PORTFOLIO FOUNDATION FOR THE FUTURE ~850 K TONNES Coated Solubles / Straights Liquids Fertilizers Solubl MAP/ Bulk Foliar SRF CRF SOP/CN NOP e NPK MKP Liquids Liquids 1.8 ^ ^ ^ ^ ^ ^ ICL-SF OVER 300 3.2 ^ ^ ^ ^ Compo ^ ^ ^ ^ Haifa 0.4 1.8 ^ ^ ^ YARA 25 YEARS SQM ^ ^ ^ ^ Kingenta ^ ^ ^ ^ FASTEST GROWING

  20. Translating Megatrends and Unmet Needs Into New Innovation Initiatives 20

  21. INNOVATION AT ICL Areas of innovation R&D and Innovation Snapshot 850 granted patents • New Applications for ICL minerals • Products and formulations 40 innovation projects with universities & startups • Process efficiency within the last 5 years • Technology 20 R&D centers globally • Machine learning 300 FTEs $55 M in 2018

  22. INNOVATION AT ICL Translating Megatrends and Unmet Needs Into New Innovation Initiatives Renewable Energy Increase Crop Yields Advanced Materials Increased Health Awareness Safety, Environment & Circular Economy Operational Excellence

  23. FINANCIAL SUMMARY

  24. Q3 2019 Highlights ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

  25. Q3 2019 Results Summary

  26. Growth trend in Most Main Operational Parameters – YTD View 680 580 480 380 280 180 80 1-9/2016 1-9/2017 1-9/2018 1-9/2019 1-9/2016 1-9/2017 1-9/2018 1-9/2019 1-9/2016 1-9/2017 1-9/2018 1-9/2019

  27. Current Debt Summary

  28. Decreasing Net Debt/EBITDA Ratio

  29. Successful Optimization of Debt Structure 600 320 475 341 273 122 88 28 0 46 2019 2020 2021 2022 2023 2024 2025 2026 2038 Loans & debentures Securitization

  30. Capital Allocation Approach

  31. KEY TAKEAWAYS

  32. THA THANK YOU NK YOU visit us at www.icl-group.com

  33. Appendix

  34. ICL- 90 YEARS OF HISTORY Establishing & growing operations Consolidating & expanding Focusing on innovation and in Israel globally solidifying leadership 1920 s - 1970 s 1970 s - 2014 2000 s -

  35. LEADING GLOBAL COMPANY 35 35%* %* 22 22% 3% 25 25% 1% 12 12% 2% Sales & marketing office Production site * Percentage of sales by main geographical areas, 2017

  36. ICL – STRATEGIC ADVANTAGES STRATEGIC UNIQUE STARTUP KNOW-HOW LOCATIONS ASSETS NATION proximity to ports & accumulated over customers decades innovation

  37. CORE VALUES LEVERAGING TECHNOLOGY ADOPTING BEST PRACTICES TOP TIER SAFETY EMPLOYER OF AND INDUSTRIAL KNOW FOR CORPORATE PERFORMANCE AND CHOICE HOW TO MEET THE NEEDS OF GOVERNANCE ENVIROMENTAL OUR CUSTOMERS RESPONSIBILITY

  38. Industrial Products

  39. INDUSTRIAL PRODUCTS

  40. Industrial Products Geographical Sales Distribution

  41. Industrial Products Sales Distribution

  42. Industrial Products Supply Chain

  43. Industrial Products Leading the Global Bromine Market Mercury Biocides Control 80 90 7% 4% 70 50 170 Clear brine 165 Flame fluids Retardants 15% 41% 120 120 Brominated organic intermediates & Industrial 280 280 34% 2018 2023

  44. Major Trends and ICL Solutions Trends ICL ’ s Solutions

  45. INDUSTRIAL PRODUCTS MAIN GOALS A WORLD LEADER AND BEYOND

  46. Potash

  47. POTASH 11 0.48 10 9 0.40 8 7 0.32 200 6 5 0.24 100 4 3 0.16 1961 1972 1983 1994 2005 2016 World Crop Expansion of Crop Rotation Increase in Yields World Crop 2027E 2038E 2049E Production in 2005- Arable Land Production in 2050 2007 World population (Bn) Arable land (Ha/Person)

  48. World Main Crops Long Term Forecast Consumption, Stock and Stock to Use Ratio Consumption

  49. World Grains Production & Consumption: Current Stock to Use Ratio

  50. ICL ’ s Potash Market Share in Fast Growing Markets India Brazil China 3% 4% 15% 2% 13% 11% 21% 30% 31% 12% 4% 23% 19% 19% 16% 38% 24% 2% 13% Uralkali BPC Canpotex APC ICL K+S Other Canpotex Uralkali APC BPC ICL K & S Canpotex Uralkali SQM BPC ICL K&S 14% 5% 9% 5% 20% 4% 20% 10% 20% 12% 25% 29% 23% 16% 23% 31% 9% 25% APC BPC Canpotex ICL Uralkali K+S Uralkali BPC Canpotex ICL APC Others SQM BPC Uralkali K+S Canpotex ICL

  51. ICL UK: The World ’ s Only Producer of Polysulphate ▪ ▪ ▪ ▪ ▪ ▪

  52. POTASH OUR GOALS TOP- 3 5 MT 10% 1 M

  53. Phosphate Solutions

  54. Phosphate Solutions: Backward Integrated Value Chain

  55. PHOSPHATE SOLUTIONS - FOOD TASTE & ESSENTIAL BITE MOUTH FEEL TEXTURE & RISE MINERALS LAST LONGER

  56. Food Specialties: Markets and Competition

  57. PHOSPHATE SOLUTIONS - INDUSTRIAL Oil drilling Oral care Metals Mining Cleaning products Leather Construction Paints & coatings Asphalt Water treatment

  58. Phosphoric Acid Pricing Trends %

  59. YPH JV – ICL ’ s Integrated Phosphate Platform in China UNIQUE BACKWARD GROWING PRODUCTION TARGETING A SHIFT INTEGRATION MODEL AND FINANCIAL METRICS TOWARDS SPECIALTIES ▪ 2.5 M TONNES Growth in production, improving market conditions and efficiency measures resulted in a positive operating income 1 in 2018 480K TONNES $ million Q3 ’ 19 2018 2017 2016 YTD Sales 273 387 363 377 ▪ 630K TONNES Operating 19 9 (19) (76) income 1 65 K TONNES

  60. OUR GOALS PHOSPHATE SOLUTIONS

  61. Innovative Ag Solutions

  62. ICL ’ s Leadership in the Specialty Fertilizers Market

  63. ICL Specialty Fertilizers: Our Strengths ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

  64. Our Core Markets and Products Today

  65. Specialty Fertilizers and Bio Solutions Have Became An Important Part of the Ag Input ~$150bn

  66. THE PERFECT STORM 2 B MORE PEOPLE GROUNDBREAKING GROW MORE CHANGE SOLUTIONS WITH LESS WITHIN 20 YEARS

  67. INNOVATIVE AG SOLUTIONS GROWTH PORTFOLIO UNIQUE R&D CAPABILITIES INNOVATION DIGITAL TRANSFORMATION GET CLOSER TO GROWER

  68. ICL AIMS TO OFFER FARMERS CUTTING-EDGE SOLUTIONS

  69. LEADERSHIP STRATEGY PRESENT&FUTURE POTASH

  70. THA THANK YOU NK YOU visit us at www.icl-group.com

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