Our strategy

PhosAgro’s strategy aims to achieve sustainable growth by extracting greater value from our unique natural resources and production assets. our mid-term goal is to expand total fertilizer production capacity to 7.1 million tonnes per year, significantly increasing internal processing of our own high- grade phosphate rock.

Strategic goal	Production and sales flexibility:	Organic growth through capacity expansion and greater operational efficiency:	Utilisation of the full potential of apatitenepheline ore:	Consolidation of ownership in production facilities:
2012 Achievements	Launched sales of fertilizers in containers in February, allowing us to sell to a wider range of customers, and opening up access to new markets where infrastructure limits the ability to handle bulk shipments Increased NPK/NPKS/NPS/PKS grades from 7 to 16 NPK production and sales increased 37.1% and 39.2% y-o-y, respectively, in 2012 NPS production increased 321% to 346 thousand tonnes in 2012	Commissioned new 500 kt per annum urea plant Launched 32 MW electricity generation capacity at PhosAgro-Cherepovets	Signed long-term supply agreement with UC RUSAL to supply fluoric salts through 2034 Entered the technical phosphates markets following acquisition of Metachem at end of 2012	Total ownership (including affiliated parties) of Apatit as of April 2013 has reached 95.95%, up from 57.58% at IPO Ownership of PhosAgro-Cherepovets amounted to 87.61% following the merger of related production facilities Ammophos and Cherepovetsky Azot
Future plans	Consider further increases to number of complex NPK fertilizer grades in response to market demand Implement projects to increase production flexibility with construction of NPK/MAP/DAP/NPS line at BMF with 450 kt per annum NPK capacity	Complete construction of shaft No. 2 at Kirovsky Underground Mine, which will increase annual apatite-nepheline ore production from 12 mln t per annum in 2012 to 14 mln t per year at this mine after 2016 Construct new ammonia plant with 760 kt per annum capacity at Cherepovets site by the end of 2016; the gas consumption per tonne of ammonia of this new plant (including new gas turbine power plant) is expected to be 941.5 sm³/t, significantly below the CIS average of 1,155 sm³/t Modernisation of Metachem’s facilities to expand PK/PKS production capacity up to 100 kt per annum	Modernise production facilities to increase aluminium fluoride capacities Continue research & development activities aimed at the development of production processes for the extraction of rare earth minerals from our apatite-nepheline ore	Increase ownership of Apatit to 100% Increase ownership of PhosAgro-Cherepovets to 100% Full consolidation of Metachem phosphate assets

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