Standardpräsentation Investor Relations - K+S Aktiengesellschaft
Standardpräsentation Investor Relations - K+S Aktiengesellschaft
Standardpräsentation Investor Relations - K+S Aktiengesellschaft
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Legacy Project<br />
What Potash Price is required as a Minimum for the<br />
Profitability of the Legacy Project?<br />
• We generally want to earn a premium of 15% on the cost of capital of <strong>K+S</strong> Group.<br />
• The Legacy project will achieve this target!<br />
Basis for the calculation of profitability are:<br />
- Capex (Phases 1 + 2): CAD 4.1 billion<br />
- Gas price (Henry Hub Natural Gas Price): CAD 4.00/MMBtu<br />
- Average freight rates: ~ CAD 65/tonne<br />
Even if gas prices would change by ± 50% or average freight rates by ± 30%, we would<br />
still earn the targeted premium on our costs of capital at a price of USD 420 or 460/tonne<br />
MOP gran. including freight, respectively.<br />
June 2013 <strong>K+S</strong> Group 59