Investor Presentation

May 2017

Safe Harbor

2

This Presentation (references to which and to any information contained herein shall be deemed to include information which has been or may be supplied in writing or orally in connection herewith or in connection with any further enquiries) is provided for the sole purpose of providing general information to assist the recipient in deciding whether it wishes to proceed with a further investigation for investing in Israel Chemicals Ltd. and/or its affiliates (hereinafter jointly referred to as the “Company” or “ICL”). This Presentation shall not form the basis of, or be relied upon in connection with, any contract or commitment whatsoever, and it does not purport to be comprehensive or to contain all the information that the recipient may need in order to evaluate the Company and/or its assets.

No representation, warranty or undertaking, express or implied, is given by ICL and/or any member of the ICL Group or their respective directors, officers, employees, agents, representatives and/or advisers as to or in relation to the accuracy, completeness or sufficiency of the information contained in this Presentation or as to the reasonableness of any assumption contained therein. To the maximum extent permitted by law the Company and its respective directors, officers, employees, agents, representatives and/or advisers expressly disclaim any and all liability which may arise from this Presentation and any errors contained therein and/or omissions therefrom or from any use of this Presentation or its contents or otherwise in connection therewith.

No representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on, any valuations, forecasts, estimates, opinions and projections contained in this Presentation. In all cases, recipients should conduct their own investigation on any analysis of the Company and/or its assets and the information contained in this Presentation. Nothing in this Presentation constitutes an investment advice and any opinions or recommendations that may be contained herein have not been based upon a consideration of financial situation or particular needs of any specific recipient. Any prospective investor interested in buying Company’s securities or evaluating the Company and/or its assets is recommended to seek its own financial and other professional advice.

This Presentation and/or other oral or written statements made by ICL during its presentation or from time to time, may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Whenever words such as "believe," "expect," "anticipate," "intend," "plan," "estimate", “predict” or similar expressions are used, the Company is making forward-looking statements. Such forward-looking statements may include, but are not limited to, those that discuss strategies, goals, financial outlooks, corporate initiatives, existing or new products, existing or new markets, operating efficiencies, or other non-historical matters.

These forward-looking statements and projections are not guarantees of future performance and are subject to a number of assumptions, risks, projections and uncertainties, many of which are beyond the Company’s control, which could cause actual results, performance or achievements to differ materially from those described in or implied by such statements or projections. Because such statements deal with future events and are based on ICL’s current expectations, they could be impacted or be subject to various risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in our Annual Report on Form 20-F for the year ended December 31, 2015, and in subsequent filings with the Tel Aviv Securities Exchange (TASE) and/or the U.S. Securities and Exchange Commission (SEC). Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can provide no assurance that expectations will be achieved. Except as otherwise required by law, ICL disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise. Readers, listeners and viewers are cautioned to consider these risks and uncertainties and to not place undue reliance on such information.

Certain market and/or industry data used in this Presentation were obtained from internal estimates and studies, where appropriate, as well as from market research and publicly available information. Such information may include data obtained from sources believed to be reliable, however ICL disclaims the accuracy and completeness of such information which is not guaranteed. Internal estimates and studies, which we believe to be reliable, have not been independently verified. We cannot assure that such data is accurate or complete.

Included in this presentation are certain non-GAAP financial measures, such as Adjusted Operating income and Adjusted Net income, designed to complement the financial information presented in accordance with IFRS because management believes such measures are useful to investors. These non-GAAP financial measures should be considered only as supplemental to, and not superior to, financial measures provided in accordance with GAAP. Please refer to our Annual Report on Form 20-F for the year ended December 31, 2016 filed with TASE and the SEC for a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable financial measures prepared in accordance with GAAP.

3

ICL’s Highly Experienced Management Team

Asher Grinbaum, Acting CEO 42 years in ICL

Kobi Altman, CFO 2 years in ICL

Charles Weidhas, COO 10 years in ICL

Ofer Lifshitz, President, ICL Essential Minerals 21 years in ICL

Yakir Menashe, EVP Global HR 11 years in ICL

Lisa Haimovits, General Counsel & Company Secretary 8 years in ICL

Rani Loebenstein, Head of Global CR 3 years in ICL

Hezi Israel, EVP BD & Strategy 10 years in ICL

Eli Glazer, President, ICL Specialty Solutions 34 years in ICL

Over 140 years of ICL experience

Our Vision: Fulfilling Humanity’s Essential Needs

4

Rise of the middle class and standard of living across the globe

Increased demand for and use of natural resources

Environmental stewardship and sustainability

We fulfill essential needs in 3 core end markets – Agriculture, Engineered Materials

and Food by utilizing an integrated value chain based on specialty minerals

*Before elimination of inter-business units sales

3,162 1,919

659

FY 2016*

Agriculture Engineered Materials Food

5 5

Adding Value throughout Our Backward Integrated Production Chain

Potash & PolysulphateTM

Phosphates

Bromine

Potash fertilizers

PolysulphateTM Specialty fertilizers

Compound NPKs

Green Phosphoric Acid

SSP, TSP, DAP, MAP

Pure Phosphoric Acid

Food additives

Controlled & slow release fertilizers

Clear brine fluids Elemental bromine

Mercury emission

Flame retardants

Liquid & water soluble

fertilizers

Industrial phosphate Salts and acids

P2S5, fire safety

Bromine industrial solutions

Potash & Magnesium Advanced Additives Phosphate Food Specialties Specialty Fertilizers Industrial Products

Agriculture Industrial

6

ICL’s Integrated Product Portfolio

Food Specialties

Advanced Additives Industrial Products Specialty Fertilizers Phosphates Potash & Magnesium

Mercury

Emission

Bromine

Industrial

Solutions

Clear Brine

Fluids

Flame

Retardants

Fire

Safety

Industrial

Phosphate

Salts and Acids

Liquid & Water

Soluble Fertilizers CRF and SRF

Food Additives

Compound

NPKs

Bromine

Compounds

Pure

Phosphoric

Acid

SSP, TSP,

DAP, MAP Green

Phosphoric

Acid

Polysulphate

Potash

Fertilizers

Bromine

Phosphate Potash

Essential Minerals Specialty Solutions

Magnesium

P2S5

Upstream

Business

Intermediate Business

Downstream

Business

21 Selected Strategic Considerations

Specialty Fertilizers

Specialty

Minerals

P4 derivatives

Mercury

Emission

Bromine

Industrial

Solutions

Clear Brine

Fluids

Flame

Retardants

Bromine

Compounds

Bromine

P4 derivatives

7

ICL’s Integrated Product Portfolio

Food Specialties

Advanced Additives Industrial Products Specialty Fertilizers Phosphates Potash & Magnesium

Mercury

Emission

Bromine

Industrial

Solutions

Clear Brine

Fluids

Flame

Retardants

Fire

Safety

Industrial

Phosphate

Salts and Acids

Liquid & Water

Soluble Fertilizers CRF and SRF

Food Additives

Compound

NPKs

Bromine

Compounds

Pure

Phosphoric

Acid

SSP, TSP,

DAP, MAP Green

Phosphoric

Acid

Polysulphate

Potash

Fertilizers

Bromine

Phosphate Potash

Essential Minerals Specialty Solutions

Magnesium

P2S5

Upstream

Business

Intermediate Business

Downstream

Business

21 Selected Strategic Considerations

Specialty Fertilizers

Specialty

Minerals

P4 derivatives

INDUSTRIAL

AGRO

8

Q1 2017 Sales* ($ million)

*Before elimination of inter-business lines’ sales

ICL’s Organization Structure: Enabling Strategic Growth

ICL

Essential Minerals Division

Specialty Solutions Division

Specialty Fertilizers

Phosphate Potash &

Magnesium Food

Specialties

Advanced Additives

Industrial Products

Specialty Fertilizers, 192

Potash & Mg., 283

Phosphates, 292

Advanced Additives, 213

Industrial Products, 266

Food Specialties,

138

Agro

Industrial

Focus on Diversification Into Specialty Solutions and Competitiveness of Assets

9

Essential Minerals Specialty Solutions

Geographic advantage of core production sites

Strong cash generation

Competitive advantage from upstream operations

Higher organic growth compared to commodity business

Operational Excellence Commercial Excellence Focus on

Segment Operating Income ($M)** Sales ($M)*

Adjusted to Organizational Structure as of Q1 2017 * Before elimination of inter-business lines’ sales ** Excluding G&A, unallocated expenses and eliminations

45% 47% 48% 43% 46%

55% 53% 52% 57% 54%

2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

53% 55% 66% 54% 64%

47% 45%

34% 46%

36%

2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Specialty Solutions Essential Minerals

Short mine-to-port distances, proximity to emerging markets

Mineral Asset Base: ICL Dead Sea

A high quality and practically inexhaustible source of potash, bromine and magnesium

Low cost

Near-infinite reserve life

Logistical advantages: stockpiling ability, geographical position

Increased production capability by ~10% through ongoing operational excellence

China

India

IL

Europe

Brazil

US

10

Mineral Asset Base: ICL Dead Sea

11

A high quality and practically inexhaustible source of potash, bromine and magnesium

Low cost

Near-infinite reserve life

Logistical advantages: stockpiling ability, geographical position

Increased production capability by ~10% through ongoing operational excellence

The Dead Sea provides the highest concentration of Bromine

Mineral Asset Base: Potash, Phosphate and PolysulphateTM Sites

12

Logistical advantages: focus on domestic markets, close to ports

Cost per tonne reduction

Production optimization

Potential for increased production

Potash and PolysulphateTM : ICL Iberia, ICL UK

Backward integration to Specialty Solutions

Cost reduction through efficiency and operational excellence

Potential for increased production

Phosphates: ICL Rotem, YPH JV

1,013 871 953

266

803 945 966

213

514 613 659

138

FY 2014 FY 2015 FY 2016 Q1 2017

Industrial products Advanced additives Food specialties

Specialty Business Lines’ Sales and Divisional Operating Income Development

13

Specialty Solutions Sales ($M)

Segment Operating Income ($M)**

Adjusted to organizational structure as of Q1 2017 * Total prior to elimination of inter-business lines’ sales **Excluding G&A, unallocated expenses and eliminations

2,429* 2,578*

2,330*

617*

422 451

534

115

FY 2014 FY 2015 FY 2016 Q1 2017

Financials

1,265 1,295

55 30

115

115 116

55

21 10 8

14

25

40

15

Main Financial Figures and Analysis

Q1 2017 Sales ($M) Q1 2017 Adjusted operating income ($M)

Numbers may not add up due to rounding and set offs See Q1 2017 financial reports for a reconciliation of Adjusted operating income to operating income and Adjusted net income to net income.

$ millions Q1 17

Q1 16

% change

Q4 16

% change

Sales 1,295 1,265 2% 1,338 (3%)

Adjusted operating income 116 115 1% 140 (17%)

Net income 68 66 3% 32 113%

Adjusted net income 68 85 (20%) 114 (40%)

Cash flow from operations 195 222 (12%) 257 (24%)

Capital Expenditures 112 163 (31%) 138 (20%)

Free cash flow 104 38 174% 127 (18%)

Growth in the Specialty Solutions continues to provide a solid balancing effect on our operations

Modest sequential recovery in potash prices and year over year volumes despite commodity downturn cycle

Continued reduction of G&A, CapEx and increased free cash flow shows commitment to cash generation

16

Capital Allocation Approach

Drive long-term value creation

Reduce debt level

Solid shareholders’

return

FINANCIAL STABILITY

619

680

794

887

401

355 350 337

2017E2016A2015A2014A2013A

Amount spent Depreciation and amortization

Strict CapEx Management while still Investing in Future Growth

17

CapEx* ($M)

* CapEx – additions to property plant and equipment and intangible assets not including PPA adjustments (recalculated for prior years)

2017 target: ~$500 - $550 million

112

Q1 2017A

2017E2016A2015ASpecialty Solutions Essential Minerals

18

Annual R&D investment: ~$70-80 million

ICL Industrial Products New polymeric flame retardants (FR-122P), FR-1410

ICL Specialty Fertilizers New products including E-Max coated release technology

ICL Food Specialties

Over 70% increase in new blended solution products for energy drinks, baking, meatless meat, gluten free and many others

ICL Potash & Magnesium Polysulphate®, PotashpluS, New vacuum salt sales

Annual sales of new products ($M)

~$150M

~$100M

2015A 2016A 2017E

Continued Focus on New Products to Drive Future Growth

~82%

~18% ~21%

~79% ~78%

~22% 32% 37%

68%

34%

63% 66%

$200-250M

1,067 1,103

1,203

1,297

1,347

1,406 1,274

1,179

1,309

Q1 2017Q4 2016Q3 2016Q2 2016Q1 2016Q4 2015Q3 2015Q2 2015Q1 2015

104 127

96 85

38 -89 -36

170

-72

195

257 249 238 222

58

124

325

66

Q1 2017Q4 2016Q3 2016Q2 2016Q1 2016Q4 2015Q3 2015Q2 2015Q1 2015

19

Improving Working Capital Management and Cash Flow Generation

$ Million

* Free cash flow - cash flow from operations and dividend from investees net of CapEx

** Working capital = trade and other receivables + inventories – trade and other payables (recalculated for prior years)

Cash Flow

Working Capital** $ Million

Free Cash flow*

Operating Cash

flow

20

Facing 2017

2017 Main Challenges

Potash prices moderately recovering from trough levels, but are still low.

Continued price pressure in several parts of the phosphate value chain

Focus for 2017

Continue improving our assets’ competitiveness

Continue improving balance sheet position

Continue strengthening our specialty businesses

Committed to Responsible Value Creation

Thank you

Specialty Fertilizers,

192

Potash & Mg., 283

Phosphates, 292

Advanced Additives

, 213

Industrial Products,

266

Food Specialties,

138

Specialty Solutions

, 115

Essential Minerals,

66

ICL at a Glance

22

ICL is a leading global specialty minerals company that operates a

unique integrated business model to fulfil essential needs in

three key end markets: Agriculture, Engineered Materials and

Processed Food

Utilizes sophisticated processing and product formulation

technologies to produce downstream / value-added products

Operates low-cost, geographically advantaged assets

~55% of production and more than 95% of sales outside of Israel

FY2016 dividend yield: 4.27% (2)(3)

Company Snapshot

Key Statistics (3) Our Business Divisions

US$Bn

Market Capitalization 5.4

Net Debt 3.3

Enterprise Value 8.7

Main Shareholders Israel Corp(5) 45.9%

PCS(5) 13.8%

Q1 2017 Q1 2016

Revenue 1.3 1.3

Adj. EBITDA 0.2 0.2

% Margin 17% 18%

Specialty Solutions division: Includes, Food Specialties, Industrial Products and Advanced Additives business units. Its focus is on growth, product innovation and commercial excellence. Produces, markets and sells a broad range of downstream phosphate, magnesium, bromine and potassium-based additives for food, fire safety, and a broad range of industrial applications.

Essential Minerals division: Includes the Potash & Magnesium, Specialty Fertilizers and the Phosphate business units. Its focus is on efficiency, process innovation and operational excellence. Mines phosphate, potash and polysulphate® and produces magnesium and phosphorus compounds

1 Excluding G&A and unallocated expenses; may not sum to 100% due to rounding 2 Dividend yield calculated as total dividends paid in 2016 divided by market capitalization (December 31st, 2016) 3 Market data as of May 11, 2017; Net debt calculated as total debt less cash, cash equivalents and short term investments 4 Including inter-company sales 5 As of December 31, 2016 6 Adjusted to Organizational Structure as of Q1 2017

Our Business Mix

Specialty Solutions

Business Mix (1) (Based on Q1 2017 OI)

Sales Mix (4)

(Based on Q1 2017 Revenues)

Essential Minerals

Appendices

Specialty Solutions Business Lines’ Main Growth Strategies

24

Commercial Excellence

Industrial Products Margin expansion

through pricing strategy and cost reduction

Innovation, R&D pipeline

Advocacy

Food Specialties Increase protein sales Growth through integrated

formulations Increased innovation, new

products Increase footprint in

Emerging Markets

Advanced Additives Geographical

expansion Expand through

differentiation Become a lean and

reliable supplier

25

Convenient Maturity Deployment and Ample Liquidity

ICL Maturities 31/3/2017 (US$ millions)

Average interest rate: 3.2%

total debt* ~$3.4B

Available liquidity ~$1.3B

* Including approx. $312 million securitizations

-

200

400

600

800

1,000

1,200

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

16

280

28

225

975

128

1,114

0 46

Loans Securitization

590*

Essential Minerals Division

Market Data

Growth Factors - Fertilizers and Food Products

28

Meat Consumption

Population

Fertilizer consumption

1.0

2.0

3.0

4.0

5.0

6.0 Index, relative to 1962

Yield Growth Required to Meet World’s Food Needs Population, Meat and Fertilizers [Base 1962]

Source: IFA, USDA, USA Census

Diminishing arable land per capita

World Grains Production & Consumption

29 Grains and Pulses: Barley, Corn, Millet, Mixed Grain, Oats, Rice, Rye, Sorghum, Wheat

24.39%

14%

16%

18%

20%

22%

24%

26%

28%

30%

32%

34%

36%

38%

1.4

1.5

1.6

1.7

1.8

1.9

2.0

2.1

2.2

2.3

2.4

2.5

2.6

Bill

ion

To

nn

e

Consumption Production Stock to Use

Sources: USDA, (Update Mar. 2017)

$3

$5

$7

$9

$11

$13

$15

$17

CHICAGO BOARD OF TRADE (CBOT) CROP PRICES [$/bushel]

Corn

Rice

Soybean

Wheat

World Grain Price Futures (CBOT)

30 Source: USDA, CBOT. Prices as of May 10th 2017

10.29

9.70

4.32

3.74

5.94

0

100

200

300

400

500

600

700

200

250

300

350

400

450

500

550

600

650

31

Fertilizer Prices

Potash Prices

FOB Vancouver standard KCl

US$/t spot US$/t spot

Average DAP FOB Tampa

Average GTSP, FOB North Africa

Phosphate Prices

* Source: Fertilizer Week, prices as of April13h, 2017

FOB NOLA granular KCl

Potash & Magnesium

33

Potash & Magnesium Business Line

~80%

Potash & Magnesium Q1 2017 Sales of total ICL sales*

* Not including inter-segment sales

~20%

** Project terminated, mining license under negotiation

ICL Dead Sea

ICL UK ICL Iberia

ICL Magnesium

~3,500 Employees Worldwide

Cereals 37%

Oilseeds 20%

Tot. Other43%

Wheat

6.2%

Rice

12.6%

Maize

14.9%

Other Cereals

3.7%Soybean

9.0%Oil Palm

7.2%

Other Oilseeds

3.5%

Fibre Crops

2.8%

Sugar Crops

7.7%

Roots/Tubers

3.8%

Fruits

6.6%

Vegetables

10.0%

Oth Crops

11.8%

Source: IFA – Assessment of Fertilizer Use by Crop at the Global Level 2010 (Aug 2013)

Potassium Fertilizer Global Use by Crop

34

China China

China China China

India

India

India India

India

Brazil

Brazil

Brazil Brazil

Brazil

USA

USA

USA USA

USA

SE Asia

SE Asia

SE Asia SE Asia

SE Asia

RoW

RoW

RoW RoW

RoW

China India

Brazil

RoW

66.3

54.8 55.5

Potash Consumption Growth Forecast

Data: CRU Potash Outlook August 2016

Million tonnes KCl

35

1999-2015 CAGR

2015-2021 Growth

2015-2021 CAGR

2.0% 11.5 Mt 3.23%

After 2020, annual growth rate returns to about 2%

36

1

3

4

5

2

ICL Dead Sea – Raw Material Extraction

Pumping and

evaporation process

1

2

3

4

5

50 120 200

1,000

2014 2015 2016 2020

37

Polysulphate™: A New Bulk Specialty Multi Ingredient Fertilizer Targeting 1 Million Tonnes By 2020

Readily available new natural fertilizer containing four nutrients

~50%

~14% K

S

~36% Mg+Ca

Over 200 million tonnes resources in the ICL UK potash mine

Low production cost allows attractive economics for farmers

Environmentally friendly, no chemical processing or waste products, suitable for chloride sensitive crops and for organic agriculture

Increased market acceptance: ~200k tonnes sold in 2016, an increase of about 70% compared to 2015, with similar growth expected for 2017.

PolysulphateTM addresses new market niches and replaces more costly existing products

Long term potential up to 3 million tonnes

PolysulphateTM sales plan K Tonnes (approx)

Operating income expected to double by 2020 vs. 2015

Operating margins expected to increase to over 30% by 2020

Transition to PolysulphateTM - Improving cash contribution

Strategic Geographic Advantage Clear Service Advantage to Developed and Emerging Markets

Distance Destination (Days)

Country of Departure

Mine-to-Port (km) (1)

China India Brazil

Israel ~200 23 11 22

UK ~30 34 22 20

Spain ~85 27 15 17

Germany ~350 34 23 20

Russia / Belarus ~600 39 27 25

Canada West Coast ~1,700 35 47 43

China

India

IL

Europe

Brazil

US

Short mine-to-port distances and proximity to emerging markets

1 Israel based on average from Dead Sea to Port of Eilat and Ashdod; Germany based on Werra to Port of Hamburg and Bremerhaven; Canada based on Saskatchewan to Port of Vancouver; Russia based on Starobin to Port of Klaipeda; Spain based on Cabanasas Mine to Port of Barcelona; UK based on Cleveland Potash, Saltburn-by-the-Sea to Teesport Commerce Park

2 Source: ICL estimates, Netpas

• Shorter mine-to-port distances and shorter shipping routes to emerging markets results in lower costs both for land and maritime transportation, as well as faster time to markets

38

Phosphate

40

ICL Rotem

ICL Turkey

~3,500 Employees Worldwide

ICL Germany

ICL The Netherlands

Phosphate Business Unit – the Source of Our Integrated Value Chain

85%

Phosphates Q1 2017 Sales of total ICL sales*

*Not including inter-segment sales

YPH JV

15%

Cajati Brazil

19%

81%

The Phosphate Market and ICL’s Position

41

51.3

56.4

1.90.9 0.4 0.2 0.2

1.9

0.2

48

50

52

54

56

58

Mil

lio

n t

on

ne

P2O

5

Source: CRU, Oct. 2016

Total World P2O5 Consumption Forecast

CAGR 2016-2021= 1.9%

We are active in the DAP, TSP, SSP and Phosphoric Acid

• TSP marketing focuses on Brazil, USA and Europe

SSP marketing focuses mainly on Brazil

• We are the largest supplier of PK fertilizers in Europe

• We are supplying DAP through our YPH JV in China

Total Phosphate (P2O5) Demand Growth Index

42

477

276

126

226

95

50

100

150

200

250

300

350

400

450

5001

990

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

2003

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

2016

20

17

20

18

20

19

20

20

20

21

Ind

ex –

19

90

= 1

00

Brazil India USA China RoW

Phosphate Rock Global Market leaders

SOURCE: McKinsey; team analysis

30

16

13

10

9

9

9

7

6

5

5

4

4

3

3

Total

Mosaic

YTH

Gecopham

Ma’aden

CF Industries

Other companies

Agrium

ICL

216

Simplot

JPMC (Jordan)

Wengfu

CPG (Tunisia)

PhosAgro Apatit

Vale

PotashCorp

85

OCP 1

2

3

4

5

6

7

8

9

10

11

12

13

15

14

Phosphate rock capacity 2011

MT rock annual capacity Ranking

Capacity share

% Company

Players with

significant

rock export

14

7

6

5

4

4

4

3

3

2

2

2

2

2

1

39

*

* Without YPH rock capacity 43

780 256 600

1,900

4,000

115

60

700

850

2,500

Transforming Into The World’s Leading Specialty Phosphate Player

44

ICL* YPH JV

Thousand tonnes

899 436

1,300

2,750

6,500

Phosphate Fertilizers Food Specialties Specialty Fertilizers

Specialty Agriculture

New market supported by Chinese government policy

Grow sales in soluble MAP, MKP and Light Specialties

Build new Specialty Fertilizer plants in China

Secure long term phosphate reserves

Expand ICL’s commodity portfolio and establish a position in the Chinese and global markets

Kunming

Volume increase New multi-ingredient

blending plant and lab in China

Leveraging ICL’s expertise to build a new low cost purified acid plant

* Includes Rotem, N. America and Brazil

Purified Phosphoric Acid

Phosphoric Acid

Commodity Fertilizers

Phosphate Rock

Specialty Fertilizers

Strengthen ICL PP base in the Asian market

Technical grade phosphoric acid volume growth, in addition to Fosbrasil

Build up niche market applications

Advanced Additives

Specialty Fertilizers

46

Specialty Fertilizers Business Line

Sales Offices

Production sites

45% 33%

Specialty Fertilizers Q1 2017 Sales of total ICL sales

~$700M

~1,000 Employees Worldwide

20%

7%

60%

9% 4%

Revenue by product line **(2016)

OrnamentalHorticulture

Chemicals

SpecialtyAgriculture

Turf

Other

14%

86%

Specialty

Light Specialty

Commodities

47

• Added value

• Higher prices

• Smaller volumes

• Selective distribution

Specialty Fertilizers vs. Commodities

CRF (Controlled Release Fertilizers)

WSNPK (Water Soluble Fertilizers)

NOP (Potassium Nitrate)

CN (Calcium Nitrate)

Soluble (MAP/MKP)

48

ICL Specialty Fertilizers Main Markets and Product

Liquid Fertilizers

Growing Media Grass Seeds

Water Soluble Fertilizers (WSF)

Controlled Release Fertilizers (CRF)

Straights (MAP / MKP / Pekacid)

Plant Protection Products

Adjuvants Water Conservation Agents

Liquid Fertilizers

Slow Release Fertilizers

Intensive Ag. High value food crops

Container Nursery& Greenhouse potting plants

Sport pitches, golf courses and municipal areas

Specialty Agriculture Horticulture Turf &Landscape

Turf

Supply chain Production process-technology adding value

Market position R&D - innovate the next generation

Our Advantages in Specialty Fertilizers

• Back integrated • Access to high quality raw material • Efficient supply chain (high synergies)

• Highly professional Agronomic Sales team • Integrated and tailored service • Full product portfolio • Distributor loyalty • Strong Branding

49

• Controlled release fertilizers – low cost production technology

• Environmentally friendly coatings • Fertigation and foliar solubles • Enhanced nutrients and water efficiency

60%

20%

9%

7% 4%

Revenue by product markets SF (2016)

50

ICL Specialty Fertilizers: Sectors & main Brands

Turf & Amenity Sportsfields, Golf and Landscape.

Specialty Agriculture Specialty Inputs for food crops

Ornamental Horticulture (OH) Container Nursery & Greenhouse

Others – Trading / Chemicals

Various industries (examples: caustic soda, Liquid ammonia)

51

ICL Specialty Fertilizers: The Path for Faster than the Market Growth

Solubles /Fertigation

Foliar

Controlled Release Fertilizers

5%

9%

9%

R&D supported growth

Geographic expansion

Cost Position in MAP/MKP

NOP Plant

Water Soluble NPKs in China

Global trends to drive 6-7% annual growth

Regulatory pressure Zero growth in nutrient use from 2020

EU Nitrate Directive

Environmental trends

New grower practices

Market segments

Market Growth

Specialty Agriculture 5-6%

Ornamental Horticulture

1-2%

Professional Turf 1%

Market growth (CAGR) Product line Strategic initiatives

Specialty Solutions Division

Industrial Products

54

ICL Industrial Products Business Line

~1,600 worldwide

Of ICL sales in Q1 2017

~20%

Bromine and Phosphorus based flame retardants

Elemental Bromine, Mercury emission control, clear brine fluids, HBr

Solutions for the water treatment and the gas fracking industries

Flame Retardants

Microbial Solutions

Industrial Solutions

Industrial Products - From Assets to Markets

55

Chemistries Key Markets

Back Integration to Customer Solutions

Flame Retardants

Microbial Solutions

Energy & Intermediates

Bromine

Chlorine

Phosphorus

Global Trends Supporting Our Business

56

Population Regulation & Environmental Standard of living

FURNITURE & TEXTILE TRANSPORTATION

WATER TREATMENT

CONSTRUCTION

INTERMEDIATES FOR FOOD,

PHARMA, AGRO OIL & GAS

POWER PLANTS

ELECTRONICS

Global Cost Leader in Bromine

57

0.02 – 0.03 0.03 – 0.05 0.5 – 0.9

3.5 – 4.5 2.5 – 5.5

11.0 – 12.0 g/liter

UndergroundWells

(China)

Sea Water(China, Japan)

Shallow Sea(Ukraine)

Salt Lake(India)

UndergroundWells (U.S.)

Dead SeaOperations

(Israel, Jordan)

• The Dead Sea provides the highest concentration of Bromine

• Cost is related to concentration

• Abundant supply

Source: ICL estimates, MarketsandMarkets

A Global Leader in a Concentrated Market

58

ICL holds the largest capacity Global Bromine Capacity, by producer

280 280

120 120

95 90

92 87

91 81

64 69

2015 2020

Albemarle (Dead Sea)

ICL (Dead Sea)

Other

Albemarle (US)

Chemtura (US)

China

Bromine demand by industry - 2015

Market utilization rates: ~75%

Flame retardants

41%

Brominated organic

intermediates 21%

Clear brine fluids 18%

Industrial 8%

Biocides 6%

Fumigants 2%

Mercury control

3%

742 727

Source: ICL estimates, MarketsandMarkets

1,500

2,000

2,500

3,000

3,500

4,000

59

Industrial Products’ 4 Pillars Strategy

Grow the core business

Organic growth Margin expansion Portfolio management $35M price contribution despite raw material deflation (2014-

2016)

US$/T

Elemental bromine - China

Operational excellence Reduction of total costs Cash management ~$40M in savings (2014-2016) CapEx reduction Reduce working capital as a percentage of sales

Cost reduction

• Flame Retardants Standards • SAFR™ • Merquel® in China/EU • Protect & improve product image • No products banned, new standards in

process in China

Advocacy Grow the core business

New solutions focused on un-met needs

Increased pipeline NPV Outside technical and

business collaborations Significant contribution to

operating income from new products: FR-122P, 1410

New products sales

FY2016 FY2015

ICL-IP Market Leadership

Number 1 Market Positions • #1 in Flame Retardants • #1 in Bromine capacity • #1 in Bromine Iso-tank fleet • #1 in Brominated biocides • #1 in Phosphorus FRs • #1 in Clear Brine Fluids • #1 Self-extinguishing Hydraulic

fluids

60

Advanced Additives

Advanced Additives – Vast Global Footprint and Backward Integration

Kamloops

Rancho Krummrich

Sao Jose

dos Campos

Kunming

Knapsack Lawrence

Carondelet

Aix en

Provence

Oviedo

Sdom/

Beer-Sheva

Monterrey Beer-Sheva

Ladenburg

Calais

Hammond

Cajati 62

Fire Safety

P-Salts, Acids

P2S5

Spec Min / P&C

2016 Sales by Business line Q1 2017 Sales of total ICL sales*

85%

15%

*Not including inter-segment sales

P4 P2S5

Fire Safety

Specialty Minerals Industrial

Specialties

Acid

Advanced Additives – A Stable Portfolio With Broad Applications

63

P2O5 Chain

64

Technical Phosphates & Related Specialties; Industrial, Food and Specialty Phosphoric Acids

Key Applications: Metal treatment, water treatment, cleaners, oral care, cola drinks, asphalt modification, others

Example Customers & Distributors: o P&G, Henkel, Colgate, Coca-Cola,

Pepsi, Chemetall o Univar, Brenntag

Specialty Minerals / Paints & Coatings

65

Specialty Minerals P & C

Specialty phosphates and blends, selected organic chemistry

Key Applications: Corrosion Inhibition, Flash Rust Inhibitors, Tannic Stain Inhibitors

Example Customers & Distributors: o Sherwin Williams, Behr Paint o Specialty Distributors based on

mutual exclusivity

Magnesium, Potassium, Calcium,

Carnalite and Sodium salts

Key Applications: Deicing, Nutrition, Pharma, Specialty Steel, Fuel Additives, Rubber, others

Example Customers & Distributors: o Pfizer, Bayer, BASF, Cargill Salt and

GSK o Brenntag Specialties, Barrington

and Scotwood (bagged MgCl2 for US deicing market)

P2S5

66

ICL is the only global manufacturer

High barriers to entry Key customers: Chevron,

Lubrizol, Afton and Infineum

Additional sales into insecticide market

Phosphorus pentasulfide (P2S5) is an essential ingredient for modern lubricants

Fire Safety– Expand Through Differentiation

67

Class A Fire

ICL provides products and services that help prevent, control, and suppress fires

World-wide reputation A strong market position

2014 acquisition of Auxquimia: specialists in the Class B Foam for oil, refinery and chemical industry

Complete and broad portfolio Own testing facilities Fluorine free product innovations

Class B Fire

Fire Safety Products

Class B Foam in Use

68

Food Specialties

Food Specialties - Providing Solutions to the Global Food Industry

70

Meat

Dairy proteins

Dairy

Bakery

Beverages Other

2016 main market breakdown ~900 Employees

Worldwide 2016 main business line breakdown

Single Phosphates

Phosphate Blends

Multi-blends

Proteins

Spices

71

Categories and Components

Meat Substitutes

72 Source: GS&PA Research, FAO

“Extra“ without meat The vegetarian bestseller

Rovitaris MultiCompounds

Dairy and Beverages

73 Source: GS&PA Research, FAO

Image source: Brand Channel.com

fresh milk

meal

replacer

yoghurt

dairy drink

functional

drink

HIGH PROTEIN APPLICATION IN DAIRY & BEVERAGE

74 Source: GS&PA Research, FAO

10g protein – Designer Whey Protein Blend of WPC, SPI, MPC

10g protein – Pea Protein Isolate

10g protein – SPI

20g protein – Muscle Brownie Protein Blend (WPC, SPI, Wheat Isolate )

20g protein – whey & milk protein

Protein Bars

Protein Drinks

75 Source: GS&PA Research, FAO

Each 8-oz serving from Bolthouse Farms contains 16 grams of protein and at least 9 vitamins and minerals (Protein PLUS Vanilla has 20 vitamins and minerals).

Concept for high protein breakfast replacer

Dairy

76 Source: GS&PA Research, FAO

Contains sodium phosphates & sodium polyphosphate

4g protein – WPC, MPC

Contains WPC & sodium polyphosphate

Contains WPC & sodium phosphates

Increased Global Demand for Proteins

77

Upside potential for protein consumption

per capita

Brazil China

Ethiopia

Germany

India Indonesia

Nigeria

USA

40

60

80

100

120

0 500 1,000 1,500 2,000

Dai

ly P

rote

in /

Cap

ita

(g)

Population (mil)

3.0

7.7 0.45

0.2

'60 '70 '80 '90 '00 '10 '20P

Ara

ble

Lan

d (

ha/

cap

ita)

Wo

rld

Po

pu

lati

on

(b

ilio

ns)

The world population grows, and the arable

land per capita decreases

Decade

Source: GS&PA Research, FAO

1) Phosphate, whey protein, soy protein, pea protein, soluble fiber, modified starches 2) Other Proteins, fibers and hydrocolloids, emulsifiers

Expanding product offering via R&D and CAPEX, focusing on protein formulations, to complement our phosphate products

Total Sales New products sales

2015 2016

78

ICL Food Specialties: New Blended Solutions Driving Growth

Expertize That Inspires

Total and new products sales continuous increase

80% Increase

7% Increase

Growing share of protein in eating behavior of consumers in emerging markets

Trend for healthier food (taste & consistent nutritional value) in mature markets

Growing demand for unprocessed and non—allergenic food

Strong growth in Dairy Proteins and blended solutions, portfolio shifts more towards value ingredients

Business growth is driven by

Thank you