Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 50

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 50
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) with two potential partners, Mitsui & Co., Ltd. and JERA Co., Inc. for the development of the greenfield low-carbon ammonia capacity. Our evaluation includes assessing whether the ammonia production technology under 49

TABLE OF CONTENTS

consideration will satisfy carbon intensity and other requirements for potential end users. Should a positive final investment decision (FID) be reached to construct greenfield low-carbon ammonia capacity at our Blue Point complex, construction and commissioning is expected to take approximately four years from a positive FID. We believe that execution of our strategy and development of the market for low-carbon ammonia will provide significant growth opportunities and generate sustainable long-term value for all of our stakeholders. 2024 Performance Highlights Operating Results**

| ​ | ​ | Net EarningsAttributable toCommonStockholders | ​ | ​ | ​ | Earnings PerDiluted Share | ​ | ​ | ​ | EBITDA(1)     | ​ | ​ | ​ | AdjustedEBITDA(As Reported)(1) | ​ | ​ | ​ | Net Cash Provided byOperating Activities | ​ | ​ |
| ​ | ​ | $1.22 Billion                                 | ​ | ​ | ​ |                     $6.74 | ​ | ​ | ​ | $2.33 Billion | ​ | ​ | ​ | $2.28 Billion                  | ​ | ​ | ​ | $2.27 Billion                            | ​ | ​ |

**Annual Incentive Plan Performance Metrics**

| ​ | ​ | Financial Metric     | ​ | ​ | ​ | Clean EnergyMetric        | ​ | ​ | ​ | SustainabilityMetric                                     | ​ | ​ | ​ | Process Safety Metric            |   |   |   |                                | ​ | ​ |
| ​ | ​ | AdjustedEBITDA(2)    | ​ | ​ | ​ | Clean EnergyMilestones(3) | ​ | ​ | ​ | Process,Technologyand ReportingCapabilitiesMilestones(4) | ​ | ​ | ​ | BehavioralSafetyGateThreshold(5) | ​ | ​ | ​ | Timely CompletionPercentage(6) | ​ | ​ |
| ​ | ​ | $2.28 Billion        | ​ | ​ | ​ | Achieved 4 milestones     | ​ | ​ | ​ | Achieved 4 milestones                                    | ​ | ​ | ​ | Achieved 99.4%                   | ​ | ​ | ​ | Achieved 99.8%                 | ​ | ​ |
| ​