Ocp Reports Earnings for Fourth Quarter 2019

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OCP REPORTS EARNINGS FOR FOURTH QUARTER 2019 Casablanca, Morocco, February 28, 2020 - OCP S.A. (“OCP” or the Company”), a global leader in the fertilizer industry, today reported results for the fourth quarter of 2019, pursuant to the AMMC (Moroccan Capital Market Authority) circular 03/19 on financial transactions and information, dated February 20, 2019 and issued in the Official Bulletin on June 7th 2019. OCP Group will report its detailed full year results on March 24th 2020. KEY INDICATORS (In millions of dirhams) FY-2019 FY-2018 4Q-2019 4Q-2018 Revenue 54 092 55 906 11 638 14 806 Capital expenditures 13 964 10 801 5 456 3 601 PRESS RELEASE FOURTH QUARTER 2019 FINANCIAL RESULTS For the fourth quarter of 2019, revenues reached MAD 11,638 million, compared with MAD 14,806 million in the fourth quarter of 2018. The decrease is mainly driven by lower fertilizer prices due to challenging market conditions over the quarter compared to the same period last year. The Group is pursuing its investment program with capital expenditures reaching MAD 5,456 million in the fourth quarter of 2019, compared to MAD 3,601 million in the year-ago period. ABOUT OCP GROUP OCP Group is a leading global fertilizer player, with almost a century of history serving the phosphate industry and agriculture. OCP offers a wide range of fertilizers used to enrich the soil and meet local crop needs. Fully integrated throughout the value chain, the Group has a unique position in the industry through a significant presence in the three segments of the value chain: phosphate, phosphoric acid and phosphate fertilizers. Committed to better serve farmers, OCP Group delivers value from mine to market and fosters innovation to achieve sustainable and resilient agriculture. For more information, please visit : www.ocpgroup.ma CONTACT Mrs Ghita LARAKI Head of Investor Relations E-mail : [email protected].

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Received by NSD/FARA Registration Unit 12/08/2020 10:51:33 PM The following is a copy of the content of the website https://www.standwithusfarmers.com/ distributed by Fleishman-Hillard Inc. on behalf of OCP S.A. (together with its affiliates "OCP Group"). Received by NSD/FARA Registration Unit 12/08/2020 10:51:33 PM Stand with TAKE ACTION US. FARMERS LEARN MORE OPPOSING TARIFFS ON FERTILIZERS RESOURCES U.S. FARMERS ARE AT RISK. Join the fight to protect farmers' access to high-quality fertilizers. / / * i ! / / ( * * . i f i ^ Learn More Take Action Now ft % # <* * it * . ii w M' 4’ f il I! V fi w JF' JP i tin.1I . m , T' .. » STAND WITH U.S. FARMERS. OPPOSE TARIFFS ON FERTILIZERS. Farmers already face challenges as they struggle to survive a six-year downturn. The last thing they need Is a limited supply of fertilizers and increased costs. * A recent development in Washington D.C. poses a threat to farmers and the agriculture industry. The U.S. Department of Commerce has announced preliminary countervailing duties (i.e. tariffs) of 23.46% on imports of phosphate fertilizer from Morocco. The Mosaic Ccmoanv the sacand Iarae3tmhpscl7rat® tertitiseMDrortacer ip the worid, asked.thi “PSSMiWMti ditii^hBreooi crpotenwa ny snutrtjppetr 12/08 1:33 PM and hand them a near monopoly in the U.S. This will hurt countless farmers by reducing choice and supply, and increasing the cost of critical fertilizers. Criticism has been swift and broad across the agriculture sector. Elected officials and a growing list of voices are strongly expressing their opposition to Mosaic's petition.
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Download the PDF Version
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