Rentech Nitrogen Partners, L.P. BMO Capital Markets Hunt Ramsbottom, CEO May 21, 2014 Farm to Market Conference
Overview of Rentech Nitrogen Partners, L.P. (NYSE: RNF) East Dubuque, IL Facility Pasadena, TX Facility Publicly traded partnership with variable cash distributions Two nitrogen fertilizer production facilities with location…
Producing Important Nutrients Our main products provide two of the most important nutrients to crops Nutrients Products Ammonia UAN Nitrogen: Ammonium Sulfate Most important nutrient in determining crop yields Ammonium…
East Dubuque Facility Advantaged location in the heart of the U.S. corn belt Premium pricing for nitrogen products Natural gas feedstock Growing nitrogen demand 6
Best Located Nitrogen Facility Products are sold within 200 miles of the facility IL and IA are the two largest corn producing and nitrogen fertilizer consuming states Regional consumption exceeds production Ammonia: 3.7x, UAN:…
Were in Market Prices in the Mid-Corn Belt are higher than other regions Freight premium of 80-120/t for ammonia and 35-60/t for UAN from Gulf Coast Logistical advantage in serving customers during short, weather-dependent…
Attractive Gross Margins Significant cost advantage in North America over European nitrogen fertilizer producers Gas prices are higher in Europe Additional transportation costs for foreign producers to service the North American…
Rising Nitrogen Demand Growing fertilizer consumption Nitrogen represents 58% of global fertilizer consumption1 Global Nitrogen Consumption 120 7,500 1995 - 2012 Nitrogen CAGR: 2.4% 110 7,000 Population CAGR: 1.2% 100…
Corn Wins U.S. corn planting has averaged 88 million U.S. Corn Area Planted (million acres) 100.0 acres in the last 10 years 2014/15 planting is expected to exceed the 10-yr Avrg: 88MM 90.0 10-year average USDAs most recent…
Pasadena Facility 12
Pasadena Facility Largest producer of synthetic ammonium sulfate in North America Premium ammonium sulfate Advantaged location on Houston Ship Channel 13
Premium Product Largest domestic producer of premium synthetic ammonium sulfate in an industry dominated by lower quality product Domestic and international sales Gaining market share from lower grade product 80-100/t premium…
Favorable Location 2,700 linear feet of Houston Ship Channel frontage 2 deep-water docks, providing access for international deliveries Rail service by BNSF and Union Pacific Areas of our marketing focus Easy access to several…
The Fourth Nutrient Sulfur is increasingly being Worldwide Growth at 2% recognized as essential for plant growth The Fourth Nutrient 30 2001-2010 CAGR: Worldwide 2.7% 2010-2020 CAGR: Worldwide 2.3% North America: 2.0% North…
Growth 17
Growth Underway Urea Expansion Project Increase production to 484 tons per day Expected completion 2014 Nitric Acid Expansion Project Production to increase by 30 tons per day Expected completion 4Q14 Power Co-Generation…
2014 Outlook 19
2014 Performance Recovered from challenging second half of 2013 Both plants operating at or above nameplate production capacity Capacity increased 20% at each plant Outlook for 2014 considerably better than 2013 Spring application…
Rentech Nitrogen Partners, L.P. BMO Capital Markets Hunt Ramsbottom, CEO May 21, 2014 Farm to Market Conference
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