Our prosperity performance

Yara will continue to be a positive force for a profitable green shift. Operational excellence equips us with a strong core and enables us to profit from the opportunities arising in our business environment to create value for our shareholders, customers, and society at large.

24.1 USD billion

Revenues

3827 USD million

Operating income

5 USD billion

EBITDA

How we work

Ensuring the continued prosperity of the company and the communities where we operate is a key priority for Yara.

Ensuring continuous improvement and operational excellence are central to achieving this. Operational excellence is paramount to unlock the potential of our strategy. It equips us with a strong core as we expand our reach and offering and develop new business models. Our approach to operational excellence is multidimensional and covers our culture and people as well as the efficiency and footprint of our operations, in which digitalization plays a key role.

The Yara brand is recognized globally, and our products are known for their high quality and reliability. We live by our customers and continuously invest in product quality, knowledge, customer service, and new solutions to help them thrive and reach new standards for sustainability. We increasingly connect and engage directly with farmers and partners in the food chain to share our knowledge, demonstrate our solutions, and optimize our offerings for the local conditions.

Sustainable finance is growing in force and impact. Capital is increasingly channeled towards organizations and activities that manage their economic, social, and environmental (ESG) impacts well, driven by responsible investments, ESG and credit ratings, and regulations such as the EU taxonomy. We welcome sustainable finance as a means to translate our ambitions and achievements into value and reinforce Yara as an attractive investment.

We aim to create shared value for the company and society. Helping the 20 million farmers that buy our products succeed is essential to achieving this, as is engaging in the communities where we operate. Trust and support from local communities is fundamental to Yara’s license to operate.

How we performed in 2022

Profit performance

We target superior returns from efficient operations and new and greener revenue streams.

Yara KPI	Measure	2023	2025 Target
Ammonia production¹⁾	Mt	7.8	8.6
Finished fertilizer production¹⁾	Mt	21.1	22.5
Premium generated²⁾³⁾	MUSD	1,877	N/A
Operating capital³⁾	Days	105	92
Capital return (ROIC)	%	2.9	>10
Fixed costs in core business⁴⁾	MUSD	2,351	Beat inflation

¹⁾ Yara Improvement Program performance
²⁾ Figures for 2021 and 2022 changed following a revision of the market references applied.
³⁾ See page 343 in the Integrated report for definitions, explanations, and reconciliations of Alternative Performance Measures (APMs).
⁴⁾ Fixed cost target is annual

Our material topics

	Profitability Sustaining profitability in our business and delivering superior shareholder returns based on reliable and cost-efficient operations, capital discipline, and global optimization.
	Sustainable finance Supporting sustainable finance by implementing sustainability criteria in our investment decisions and maintaining a favorable ESG profile and high ratings on ESG criteria.
	Digitalization Applying digital technologies to improve our production, agronomy services and overall business.
	Customer management Maintain reliability of supply despite unpredictable market conditions, maintain high quality of product and long-term customer relations.
	Sustainable supply chains Understanding, managing, and improving environmental, social, and economic impacts along the value chain.
	Socioeconomic impact on communities Empowering and caring for the communities in which we operate.

Prosperity