record dividend of 8.1 billion dirhams paid to the State

The Group’s Board of Directors, which met on March 15, 2022, proposed the distribution of 8.1 billion dirhams in dividends to the shareholder, i.e. a record amount on the sidelines of OCP’s exceptional results for the year. 2021.

The OCP Group published this Thursday its results for the fourth quarter and at the end of December 2021. The Group posted a significant increase of 50% in turnover compared to the previous year, to reach 84.3 billion dirhams. This performance is mainly due to sustained demand in the main importing regions and higher prices for all product categories (Rock, Fertilizer and Acid), OCP said in a press release.

The optimization of the Group’s operational performance and the increase in selling prices partly offset the increase in raw material prices (ammonia and sulphur), and resulted in a 94% increase in EBITDA at the end of 2021 with a strong growth in EBITDA margin of 43%.

Operating income amounted to 25.799 million dirhams, up significantly from the 6.262 million dirhams achieved last year. Operating income at the end of December 2020 included a non-recurring charge of 3 billion dirhams, relating to OCP’s contribution to the Special National Covid-19 Fund in the second quarter of 2020. Net financial debt amounted to 46,076 million dirhams with a leverage ratio of 1.24 as of December 31, 2021.

On June 23, 2021, the OCP Group successfully issued an international bond loan of 1.5 billion dollars, including 750 million dollars over 10 years at a rate of 3.75% per annum and 750 million dollars over 30 years at a rate of 5.125% per annum. This operation was accompanied by the partial buyback of the 2014 – 10-year bonds up to 41% and 2015 – 10.5 years up to 44% for respectively 517 and 444 million dollars.

The Group’s Board of Directors, which met on March 15, 2022, proposed the distribution of 8.1 billion dirhams in dividends to the shareholder, i.e. a record amount on the sidelines of OCP’s exceptional results for the year. 2021.

The Group also announced the start of its capacity expansion program in maize to bring 3 million tonnes of additional capacity in 2023 and will also continue to invest in environmental and social programs in order to maintain its leadership and guarantee its impact. positive on global food security.

Sustainability Achievements

As the repository of the largest phosphate reserves in the world, OCP has a central role in global food security, a responsibility that we make central to our concerns. The Group continues to invest in advanced techniques to improve farmers’ yields and affirms its commitment to Africa’s agricultural independence, while using its environmental impact and promoting social well-being.

Among its main achievements in this area in 2021:

  • 30% of OCP’s water needs in 2021 were met from unconventional sources through desalination and wastewater treatment programs;
  • 86% of electricity needs were produced from cogeneration and renewable sources;
  • Rehabilitation of over 200 ha (500 acres) of land at two mine sites, of which 90 ha (220 acres) have been developed and planted;
  • The CDP “Management Level” ranking was granted to the Group for its first reporting, which became an official sponsor of the “Task Force on Climate-related Financial Disclosures” (TFCD).




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