Economic

Overview

Incitec Pivot Limited (IPL) has undergone a transformation in the past five years from an Australian fertiliser company to an organisation with interests in North America, Latin America, Europe and Asia, as well as Australia. This growth has positioned us amongst the top 50 of companies listed on the Australian Securities Exchange.

Economic performance

Our global operations generate and distribute economic value to employees, suppliers, capital providers, communities and governments in the countries in which we operate. In turn, these operations deliver returns for our shareholders.

FY2010/11 Key financial results (for the year ended 30 September 2011)

2011 Key Financial Results

Economic value generated FY2010/11

2011 Economic Value Generated

As illustrated in the key financial results, IPL delivered strong financial performance for FY2010/11. Full financial reporting can be found in our 2011 Annual Report.

FY2011/12 will see IPL embark on our next phase of continuous improvement. This phase, known as BEx, from 'Business Excellence' will transform the way we do business and will drive long term and sustainable productivity improvement in the Group. BEx will introduce well known methodologies, such as Lean principles and will empower all of our employees in continuous improvement - ultimately across almost every part of our international business.