Maaden Sulphuric Acid Plant Project

5 June 2009Dr. Peter Weber

President, Metals Processing Division

Outotec Oyj CMD 20092

1.Basics

2.Project Overview

3.Project Development

4.Project Execution

5. Services

Outotec Oyj CMD 20093

1.Basics

2.Project Overview

3.Project Development

4.Project Execution

5.Services

Outotec Oyj CMD 20094

Basics Sources and Use of Sulphuric Acid

Total 200 million t H2SO4

Outotec Oyj CMD 20095

DryingTower

SulphurFurnace

+WasteHeat

Boilers

ConverterBed 1-3

+Heat-

exchang.

Interm.Absorber

Converter

Bed 4

FinalAbsorberAmbient Air

Dry Air

SO2 SO3+ SO2

SO2SO3

Tail Gas

Diluted Acid

Product Acid

Sulphur Steam

Steam

H2O

BFW

Sulphur Burning Plant Sulphur Burning Plant Block Flow SheetBlock Flow Sheet

Outotec Oyj CMD 20096

Total 200 million t H2SO4

World Sulphuric Acid Production and Consumption World Sulphuric Acid Production and Consumption -- 20072007

Production Consumption

Outotec Oyj CMD 20097

1.Basics

2.Project Overview

3.Project Development

4.Project Execution

5. Services

Outotec Oyj CMD 20098

Project Overview Key Figures

USD 5,52 billions*Total Maaden Investment for Fertilizer Complex

USD 495 M**Total Cost Sulphuric Acid Plants

EUR 270**Outotec Import Contract

* Source Maaden Press Release: June 2008; ** Contracts June 2007

Outotec Oyj CMD 20099

Project Overview - Geographical Location

Riyadh

Dammam

Ras Az Zawr

Az ZabirahBurayda

Hail

AlJalamid

MaadenPhosphate

Project

R E D S E A

Gulf

4.5Mt/y

3.5Mt/y

Jawf

Jeddah

Qurayyat

Eshidiya Project Location

Outotec Oyj CMD 200910

Project Overview Fertilizer ComplexAmmonia (1)

0.657 Mt/a NH3

Sulfuric Acid (3)

High Pressure Steam~ 4.5 Mt/a H2SO4

Cogeneration Plant

Phosphoric Acid (3)1.370 Mt/a P2O5Phosphogypsum

DAP (3)2.922 Mt/a

Port

Dry Stack

Electric Distribution System

Panamax Vessels

Natural Gas

Molten Sulphur

Phosphate Concentrate4.50Mt/a

Outotec Oyj CMD 200911

Outotec Oyj CMD 200912

Converter A progress

Outotec Oyj CMD 200913

View from Plant A to Plant B/C

Outotec Oyj CMD 200914

1.Basics

2.Project Overview

3.Project Development

4.Project Execution

5.Services

Outotec Oyj CMD 200915

Project Development Convertible EPC approach

Lump SumLump Sum

DESIGN BASISDESIGN BASIS

BIDDINGBIDDING

ANALYSE/ANALYSE/NEGOTIATE/NEGOTIATE/

AWARDAWARD

MAADENMAADEN

EPC EPC CONTRACTORCONTRACTOR

Contractor BidContractor Bid

MANAGE AND CONTROLMANAGE AND CONTROL

ENGINEERINGENGINEERING

PROCUREMENTPROCUREMENT

CONSTRUCTIONCONSTRUCTION

ENGINEERINGENGINEERING

PROCUREMENTPROCUREMENT

OPEN BOOK OPEN BOOK ESTIMATEESTIMATE

CONVERT CONVERT TO LUMP TO LUMP

SUMSUM

ANALYSE/ANALYSE/NEGOTIATE/NEGOTIATE/

COMMITCOMMIT

ReimbursableReimbursable

- Engineering services reimbursable rates

- Agreed profit margin- Agreement on LDs

and major commercial terms

Fix price

May 2006 June 2007

Outotec Oyj CMD 200916

1.Basics

2.Project Overview

3.Project Development

4.Project Execution

5.Services

Outotec Oyj CMD 200917

Scope of Services and Supplies Outotecs scope:

Design, engineering, delivery and Commissioningon a Lump-Sum-Turnkey basis

GAMA Arabias scope:Local supplies and Construction

Some key data:Project implementation schedule: 31 month to MCTotal tons of structural steel: 3.800 metric tonnesTotal tons of equipment: 25.000 metric tonnesTotal cubic meters concrete 23.000m3Total electrical drives installed: 200Total cables installed: 350 kmTotal construction hours: 3.750.000

Outotec Oyj CMD 200918

Project Task Force

Project execution having all project team members in the same location (separate task force office)

Short and efficient communication ways, fast decisions

Interacting of engineering team ensured

Outotec Oyj CMD 200919

Global SourcingSupplies from and Fabrication in Europe Asia (South Korea, Taiwan, China) North America (Canada) South America (Argentina, Brazil)

Outotec Oyj CMD 200920

Managing Complex Logistics Approx. 120 shipments Approx. 140.000 freight tons

(100.000 frt break bulk40.000 frt container shipment)

Heavy items up to 290 tons Shipments from Europe,

Asia and America

Outotec Oyj CMD 200921

Engineering Home Office Oberursel up to 40 Worldwide Expediting (Outotec) up to 5

Construction Site Raz Az Zawr / KSA (GAMA) Technical Management Team up to 35 Suppliers supervision up to 20 Construction Indirects up to 140 Construction Direct Manpower up to 1,200

Commissioning up to 10

Total up to 1,450

Manpower

Outotec Oyj CMD 200922

Organization Chart Overall Project

Outotec Project Management

ConstructionCompany

Clients engineerEPCM

Employer MPC

Construction CompanyTechnical Mgmt.

Process Engineering

Plant Engineering

Civil/Structural Engineering

Electrical/Instrumentation Engineering

Home Office Construction Mgmt.

QA/QC Management

Procurement/Shipping

Local ConstructionSubcontractors

HSE Management

Vendors/Suppliers

Expediting/Inspection

Outotecsresponsibility area

Outotec Oyj CMD 200923

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

40,0

45,0

50,0

55,0

60,0

65,0

70,0

75,0

80,0

85,0

90,0

95,0

100,0

%

Early / Month 0 10, 2,3 4,1 1,3 3,7 2,4 2,4 2,4 3,3 3,2 3,1 3,3 4,3 3,5 2,9 4,5 4,8 2,9 2,5 3,5 3,4 4,6 4,3 3,6 2,6 2,1 1,8 1,3 1,1 1,0 0,8 0,4 0,3 0,4 0,3 0,3 0,3 0,3 0,1 0,1 0,0

Target / Month 0 6,7 4,2 3,5 1,8 3,2 2,4 2,3 2,5 2,7 2,8 3,0 3,1 3,7 3,3 2,5 3,7 4,3 3,6 3,4 3,5 4,5 5,0 4,3 3,4 3,1 3,4 2,2 1,6 1,3 1,3 1,0 0,3 0,3 0,4 0,4 0,3 0,3 0,3 0,1 0,1 0,0

Actual / Month 0 0,0 8,0 3,9 2,5 2,3 2,9 2,0 2,0 7,3 2,4 1,8 5,7 1,7 1,6 2,3 2,7 4,7 3,7 3,4 5,0 4,3 6,0 4,6

Late / Month 0 2,9 6,0 2,9 2,2 2,6 2,3 2,2 2,6 2,2 2,5 2,9 3,0 3,0 3,1 2,2 2,8 3,7 4,3 4,4 3,5 5,5 5,3 4,4 3,1 3,5 4,8 2,6 2,0 1,5 1,5 1,3 0,3 0,3 0,4 0,4 0,4 0,3 0,3 0,1 0,1 0,1

Early cum. 0 10, 12, 17, 18, 22, 24, 26, 29, 32, 35, 38, 41, 46, 49, 52, 57, 61, 64, 67, 70, 74, 78, 83, 86, 89, 91, 93, 94, 95, 96, 97, 97, 98, 98, 98, 99, 99, 99, 99, 10 10

Target cum. 0 6,7 10, 14, 16, 19, 21, 24, 26, 29, 32, 35, 38, 41, 45, 47, 51, 55, 59, 62, 66, 70, 75, 80, 83, 86, 89, 92, 93, 94, 96, 97, 97, 97, 98, 98, 98, 99, 99, 99, 99, 10

Actual cum. 0 0,0 8,0 11, 14, 16, 19, 21, 23, 31, 33, 35, 40, 42, 44, 46, 49, 53, 57, 61, 66, 70, 76, 81,

Late cum. 0 2,9 8,9 11, 14, 16, 19, 21, 23, 26, 28, 31, 34, 37, 40, 42, 45, 49, 53, 58, 61, 67, 72, 76, 79, 83, 88, 90, 92, 94, 95, 97, 97, 97, 98, 98, 98, 99, 99, 99, 99, 10

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41

early

target

late

Progress Curve - Total Project

Effective Date MC

Outotec Oyj CMD 200924

Risks and Risk Mitigation Quality

Completion Schedule

Procurement/material cost

Currency exchange rate

Country specific risks

Technological risks

Supplier qualification procedure/ Intensive expediting/permanent fabrication supervision in suppliers workshops for critical items

Intensive suppliers expediting and reporting, permanent analysis of actual vs. target progress by engineering discipline and for construction

Global sourcing and strict bid comparison/analysis

Precise cash planning and forward hedging contracts

Political risk insurance

Largest plant ever built, but manageable upscale factor

Outotec Oyj CMD 200925

1.Basics

2.Project Overview

3.Project Development

4.Project Execution

5. Services

Outotec Oyj CMD 200926

Services Important critical Spare Part Package sold

Intelligent computerized training simulator sold for operator training before and after first commissioning

Opportunities for long-term Service frame agreement related to:

Spare Part Supplies Operation assistance Assistance in Maintenance and shut down planning Training frame agreement

Outotec Oyj CMD 200927

Overall View Construction Site

Outotec Oyj CMD 200928

Q&AMore out of ore!

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