BultiesBrothers schreef op 30 april 2021 21:24:
Uit q4 2020 transcript.
The second question is on the methanol value-enhancing opportunities. Can you remind us w
hat kind of opportunities you're thinking of? And is there any term time frame that you may give? Can we expect any, let's say, further announcements within the next, let's say, 6 to 12 months? And my last question is on the dividend. The Fertiglobe minorities, which was a bit below my expectations in Q4. Can you maybe give me a number for 2021? Like how much cash outflow will there be from the dividend to the minorities? -------------------------------------------------------------------------------- Ahmed K. El-Hoshy, OCI N.V. - CEO & Executive Director [21] -------------------------------------------------------------------------------- Maybe I'll start on the methanol one and then Hassan could potentially address the minority leakage.
So on methanol side, I mean, not much more to say versus what we have in the press release, but just to kind of elaborate a bit in terms of getting back to the market, we promised getting back in H1 2021 to the market. We continue to look at anything that makes sense from a value perspective with regards to OCI. We'll note that, obviously, our free cash flow profile, our leverage profile, the outlook has materially improved. So there's an opportunity for us to continue to generate the free cash flow staying as is as well as potentially some strategic alternatives. But we're going to be looking with a very discerning eye, just given the volume ramp-up close to 50% in Q4 and continuing to be a big volume driver here in 2021 for our group. It's just a very good context with regards to looking at our options from a strategic perspective.
"we promised getting back in H1 2021 to the market"
Dat zegt in principe al dat ze al een beslissing hebben gemaakt op dat moment (25 februari), anders zouden ze hadden ze wel gezegd dat het ook in 6 tot 12 maanden kon gebeuren (zoals die vraag van Veerman).
Toch denk ik dat er geen bericht komt van een verkoop. Ze verwachten dat de voornaamste volume groei moet komen van de methanol tak in 2021, en dat ze daarmee als hun schuldreductie kunnen realiseren. Hoe kijken jullie hier tegen aan?