Business Areas

Incitec Pivot has four core business platforms: Manufacturing, Fertilisers, Explosives and Trading.

MANUFACTURING

Incitec Pivot's Manufacturing Business is a world-class nitrogen-based chemicals manufacturing operation with plants in the United States of America, Canada, Mexico and Australia.

The manufacturing business is responsible for North America ammonium nitrate operations, Australia operations, which specialises in fertilisers, global initiating systems and global services including major project management.

Fertilisers and Industrial Chemicals

Incitec Pivot manufactures a range of fertiliser inputs and products including ammonium phosphates, ammonia, urea, sulphuric acid and superphosphates at six manufacturing sites across eastern Australia. Incitec Pivot is the only domestic manufacturer of ammonium phosphates and urea.

In addition, Incitec Pivot manufactures various industrial chemical products used in water treatment, process manufacturing and other industrial applications.

Phosphate Hill and Mt Isa

Incitec Pivot manufactures ammonium phosphate fertilisers (MAP and DAP) at its two plants in north-west Queensland.

Phosphate Hill, with an annual capacity of 975,000 tonnes, is uniquely positioned, combining world-class and low-cost manufacturing plants, its own phosphate rock reserve and ammonia production from gas sourced from long-term gas supply agreements. It is located 900 km west of Townsville where the Company operates export and warehouse facilities.

Phosphate Hill is complemented by a world-scale sulphuric acid plant at Mt Isa, 160 km to the north. Sulphuric acid is an essential ingredient in the manufacture of ammonium phosphates.

Gibson Island

Incitec Pivot produces ammonia, urea and ammonium sulphate at its Gibson Island plant in Brisbane, south-east Queensland.

Gibson Island has the capacity to manufacture 300,000 tonnes of ammonia, 280,000 tonnes of urea and 200,000 tonnes of ammonium sulphate, annually. The proximity of this plant to its domestic markets gives it a cost-competitive advantage, in addition to its long-term gas supply arrangements.

Geelong, Portland and Newcastle

As a major manufacturer of superphosphate fertilisers in Australia, Incitec Pivot currently operates two superphosphate plants in Victoria and one in New South Wales.

The Victorian plants are at Geelong, with capacity to manufacture 450,000 tonnes per year and Portland, with capacity of 250,000 tonnes per year.

The New South Wales plant at Newcastle also has an annual capacity of 250,000 tonnes. The Company has announced its intention to close this plant by September 2009 to allow for environmental site remediation and development.

Explosives

Since the acquisition of Dyno Nobel in June 2008, Incitec Pivot has incorporated the former Dyno Nobel ammonium nitrate and initiating systems facilities into its Manufacturing Business.

Ammonium Nitrate (AN) plants take raw materials: nitrogen, natural gas, ammonia, oxygen and water to create ammonium nitrate (AN) (NH4NO3).

Prilled AN or AN solution is the key raw material input to create explosives such as ammonium nitrate fuel oil (ANFO) and emulsion (water resistant explosives for use in wet boreholes). The Company's AN plants are located in the following countries:

• United States of America: Louisiana, MO; Donora, PA; St Helens, OR; Cheyenne, WY and Battle Mountain, NV
• Canada: Maitland, ON
• Australia: QNP (50% JV), QLD
• Turkey: Nitro Mak (50% JV)

Initiating Systems (IS) and assembly builds detonators, Nonel, Detcord, cartridge explosives (e.g. dynamite), boosters and assembles the products for customer specifications. IS facilities are located in the following countries:

• United States of America: Simsbury, CT; Wolf Lake, IL; Graham, KY; Port Ewen, NY; Carthage, MO
• Australia: Helidon, QLD
• Mexico: Dinamita
• South Africa: Sasol Dyno Nobel (50% JV), Johannesburg; DetNet (50% JV), Modderfontein.
• Malaysia: TKEB (Tenaga Kimia Ensign Bickford Sdn Bhd) (50% JV), Selangor
• China: Fabchem (29.9% JV) Linyi, Shandong Province

For further information about the Company's Ammonium Nitrate and Initiating Systems manufacturing operations please visit www.dynonobel.com.

FERTILISERS

Incitec Pivot supplies about three million tonnes of fertiliser a year, generating sales revenue in excess of $1billion annually.

Our product range including urea, ammonium phosphates, superphosphate and anhydrous ammonia are variously applied as solids in granulated form, as liquid nutrients or as gas injected into the soil.

Australian-manufactured fertilisers, along with imported products, are sold through a comprehensive network of more than 200 contracted business partners.

As a key participant in the agricultural sector, Incitec Pivot recognises the paramount importance of its relationship with its business partners, providing an extensive field sales force, customer service team and the supply of agronomic services. The Company also has a National Association of Testing Authorities (NATA) accredited soil, plant and water-testing laboratory.

Incitec Pivot's Australian-manufactured and imported fertiliser products are sold through a comprehensive eastern Australian distribution network, comprising independent distributors, Incitec Pivot agents and corporate distributors including Elders Ltd, Landmark Rural Holdings Pty Ltd, Graincorp Ltd and Ruralco Holdings Pty Ltd.

The combination of the Company's distribution assets throughout the east coast of Australia and its extensive field sales force, quality products and services gives Incitec Pivot a leading market position in fertilisers in eastern Australia.

EXPLOSIVES

The Company distributes commercial explosives and related products and services under the Dyno Nobel name in North America and Asia Pacific and employs some of the most highly trained blasters in the industry.

In North America, Dyno Nobel holds a leading market share providing a complete range of explosives, accessories and related service. In the Asia Pacific region, the Business offers a full range of explosives products and services, primarily selling to large global resources companies.

The Company provides down-the-hole services including delivery systems and services, shot loading and blasting. Its technical services include shot design, blast analysis and vibration control.

DynoConsult is a team of experienced and diversified explosives application specialists who work with select customers to improve their productivity and profitability.

The Research and Development team works closely with customers addressing cost efficiencies, environmental issues and safety.

Its customers are in the mining, quarry, construction, pipeline and geophysical exploration industries. For further information on Incitec Pivot's Dyno Nobel Explosives Business, please visit www.dynonobel.com.

TRADING

Incitec Pivot's trading arm Southern Cross International markets products from the Company's manufacturing plants, trades in products manufactured by other fertiliser manufacturers and procures raw materials for Incitec Pivot's manufacturing plants.

Southern Cross International is focused on sales to Australian distributors and importers of fertilisers as well as exporters to Asia Pacific, the Indian sub-continent, Indo China and Latin America.