CF Industries Holdings Inc at Jefferies Industrials Conference Transcript

Aug 10, 2022 / 01:30PM GMT
Laurence Alexander - Jefferies LLC, Research Division - VP & Equity Research Analyst

So good morning, it's Laurence Alexander with the Jefferies Chemicals team. Welcome to the second day of the Jefferies Industrials Conference. It's my pleasure to introduce CF Industries.

Joining us today, we have Chris Bohn, who is their CFO; and Bert Frost, who is the Senior Vice President of Sales, Market Development and CF Supply Chain. Without any further ado, if I can just pass over to you to just quickly introduce CF, then we can get started.

Christopher D. Bohn - CF Industries Holdings, Inc. - Senior VP & CFO

Yes. Thank you. Just for some of you who may not know CF as well as others, we're the world's largest nitrogen producer. We produce about 10.5 million tons of gross ammonia a year, effectively converting natural gas into ammonia, and then using that to upgrade into products, primarily fertilizer, which is about 80% of our book and about the other 20% being industrial-based.

We sit at the low end of the cost curve. Primarily 7 of our 9

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