$CF (CF Industries Holdings, Inc.)

$CF {{ '2015-11-05T14:38:49+0000' | timeago}} • Webcast

During 3Q15, $CF recorded about $30MM in other expenses for certain items. These items included $17MM in fixed cost absorption related to the turnaround in refurbishment at the Woodward, Oklahoma facility. In relation to its project expansion, $CF has increased its projected capital cost to roughly 10% from its previous $4.2Bil projection.

$CF {{ '2017-06-19T13:11:23+0000' | timeago}} • Announcement

$CF received federal tax refunds of about $815MM due to carryback of certain federal tax losses from 2016 tax year to prior periods. These tax losses are primarily related to accelerated tax depreciation of its capacity expansion projects that were placed in service in 2016. $CF plans to use proceeds to fund payment of $800MM in debt due in 2018.

$CF {{ '2017-05-04T18:57:22+0000' | timeago}} • Webcast

$CF said as it is a broadbased company with production and storage assets throughout the Corn Belt, it is able to see positive price realizations at its interior plants. As UAN is produced and consumed in few places, it is not easy to move around as urea. $CF expects to see a correction for UAN pricing later in 2017.

$CF {{ '2017-05-04T18:29:29+0000' | timeago}} • Webcast

$CF exported a significant amount of product in 1Q17 versus last year. On ammonia, $CF exported to Belgium, Chile, Mexico, Morocco and South Korea for approx. 200,000 tons. On urea ammonium nitrate (UAN), $CF exported to Belgium, Brazil, Chile, Colombia, France, Ireland, Mexico and Peru for a total of about 270,000 tons.

$CF {{ '2017-05-04T18:09:35+0000' | timeago}} • Webcast

$CF believes inventory levels were higher in China going into spring and these have been worked down. India saw a similar situation with being able to stay out of the market for 7 months using internal production and higher inventory levels. These inventories seem to have been worked off in many places worldwide.

$CF {{ '2017-05-03T21:39:43+0000' | timeago}} • Announcement

$CF's new capital expenditures for 2017 are expected to be in the range of about $400-450MM for sustaining and other. Additionally, as of Dec. 31, 2016, and as of March 31, 2017, the company had about $183MM in costs accrued but yet unpaid for work completed in 2016 related to the capacity expansion projects.

$CF {{ '2017-05-03T21:37:54+0000' | timeago}} • Announcement

$CF's sales volumes for 1Q17 were significantly higher compared to 1Q16 as increased supply available for sale met strong early season demand for ammonia and urea ammonium nitrate (UAN) in the Southern Plains and lower Midwest. Also, exports of ammonia and UAN were significantly higher year-over-year.

$CF {{ '2017-05-03T21:36:35+0000' | timeago}} • Announcement

$CF slipped to a loss in 1Q17 from a profit last year, due to higher costs and expenses. Net loss was $23MM or $0.10 per share compared to a profit of $26MM or $0.11 per share last year. Net sales grew to $1.04Bil from $1.0Bil, as higher sales volumes were partially offset by lower average selling prices. Adjusted EPS decreased to $0.05 from $0.43.

$CF {{ '2017-04-28T16:30:21+0000' | timeago}} • Announcement

$CF's BoD declared a quarterly dividend of $0.30 per share. The dividend will be payable on May 31, 2017 to stockholders of record as of May 15, 2017.

$CF {{ '2017-02-16T14:43:14+0000' | timeago}} • Webcast

$CF said that 2018 debt retirement of approx. $800MM will be largely funded by the federal and state tax refunds in 3Q17. A reduction in the corporate tax rate levels will benefit the bottom line, $CF said. The border tax will benefit $CF given its manufacturing presence in US and its capability to export products.

$CF {{ '2017-02-16T14:32:31+0000' | timeago}} • Webcast

$CF believes 1H17 is shaping up nicely, but expects uncertainty in 2H17, given the evolving nature of buyers' behavior. Heading into 2017, the company expects North American customers to increase buying after their delaying purchases in 2016.

$CF {{ '2017-02-16T14:21:28+0000' | timeago}} • Webcast

Nitrogen fertilizer producer $CF said that it experienced some of the most challenging conditions in the past 12 months the nitrogen industry has faced in over a decade. Decline in nitrogen prices were demonstrated by US Gulf urea's price, which fell more than $170 per tonne or roughly 50% from 2015 to middle of 2016.

$CF {{ '2017-02-15T23:02:00+0000' | timeago}} • Announcement

Fertilizer maker $CF slipped to 4Q16 loss of $320MM, or $1.38 per share, compared to net earnings of $27MM, or $0.11 per share in 4Q15. The results include a realized loss on natural gas hedges of $5MM. Net sales decreased to $867MM, due to lower average selling prices across all segments. Excluding items, $CF reported net loss of $0.39 per share.

$CF {{ '2017-02-09T14:01:21+0000' | timeago}} • Announcement

$CF's BoD declared quarterly dividend of $0.30 per share on its common stock. The dividend will be payable on Feb. 28, 2017 to stockholders of record on Feb. 17, 2017.

$CF {{ '2017-01-17T12:30:48+0000' | timeago}} • Announcement

$CF appointed Martin Jarosick as VP, investor relations. Prior to joining $CF, Jarosick served as VP, investor relations and treasurer at Axiall Corp., responsible for investor relations strategy and execution as well as the strategic planning process.

$CF {{ '2016-12-28T13:45:49+0000' | timeago}} • Announcement

$CF announced successful commissioning and starting of its new ammonia and urea plants at its Port Neal, Iowa, Nitrogen Complex. The total annual gross ammonia capacity at Port Neal is now 1.2MM tons, up from 380,000 tons previously. Output from the new ammonia capacity will largely be upgraded to urea. Total annual urea capacity is now 1.4MM tons.

$CF {{ '2016-11-22T15:32:19+0000' | timeago}} • Announcement

$CF said it has prepaid $1Bil aggregate of its senior notes due 2022, 2025 and 2027, and paid related make-whole amount of about $170MM. The make-whole amount was significantly less than amount about $210MM as of Oct. 31, 2016 as result of subsequent changes in market interest rates.

$CF {{ '2016-11-07T14:40:35+0000' | timeago}} • Announcement

$CF's subsidiary CF Industries plans to offer $1.25Bil of senior secured notes. CF Industries plans to use net proceeds, with cash on hand and/or borrowings under its revolving credit facility, to prepay $1Bil of senior notes due 2022, 2025 and 2027 and to pay related make-whole amount as well as related fees and expenses.

$CF {{ '2016-11-03T23:32:30+0000' | timeago}} • Webcast

$CF said there is an additional capacity coming online over the next year or two. $CF expects most of that North American capacity to be converted into upgraded products and the company has two new plants coming online that are probably net losses for ammonia. $CF feels fairly good about the ammonia market.

$CF {{ '2016-11-03T23:22:29+0000' | timeago}} • Webcast

$CF said the supply driven market, the seasonal low demand period for fertilizer and changing buyer behavior pushed ammonia, urea and UAN prices lower throughout 3Q16, hitting multiyear lows for each of the products. In fact, nitrogen prices at the U.S. Gulf remained below international parity for most of 3Q.

$CF {{ '2016-11-03T23:19:27+0000' | timeago}} • Webcast

$CF said 3Q typically has lowest volumes and realized prices. The nitrogen cost curve widened and flattened, pressuring product prices as significant amount of new capacity has come online globally. As capacity was rising, cost to produce and move nitrogen into market was falling on lower feedstock, ocean freight cost and currency devaluations.

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