Event Details

Q4 2023 Air Products Earnings Conference Call

Nov 7, 2023 at 8:30 AM EST

Q4 FY2023 Results InfoGraphic: $3.15 Adjusted EPS* up 11% vs. Q4FY22 | $1.3B adjusted EBITDA up 10% vs Q4FY22 | 39.5 Adjusted EBITDA Margin* up 1,400 bp vs. Q2 FY14 | ~$3.2B Distributable Cash Flow* over last 12 months | ~$1.5B paid as dividends | *Non-GAAP financial measure, see Reconciliation Tables for reconciliation.

Click here for webcast

Supporting Materials

View Earnings Release

Earnings Release PDF 986.8 KB

Teleconference Slides 900.8 KB

Reconciliation Tables 375.9 KB

Download Podcast 47.2 MB

$12 Billion ASU/Gasification/Power Joint Venture in Jazan, Saudi Arabia

Air Products announced the financial close and transfer of the second group of assets for the $12 billion gasification and power joint venture (JV) with Aramco, ACWA Power and Air Products Qudra in the Jazan Economic City (“Jazan”), Saudi Arabia.

The JV’s purchase of this second group of assets at Jazan follows the successful asset acquisition and project financing transactions for the first group of assets completed in late October 2021.

The JV owns and operates the facility under a 25-year contract for a fixed monthly fee, with Aramco supplying feedstock to the JV, and the JV producing power, steam, hydrogen and other utilities for Aramco.

About the Project

Air Products will acquire, own and operate an industrial gas complex in Uzbekistan

In May 2023, Air Products announced it signed an investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC (“UNG”) to acquire, own and operate a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan for US$1 billion.

The natural gas-to-syngas industrial complex is an integral part of state-owned energy company Uzbekneftegaz JSC’s multi-billion gas-to-liquid (GTL) facility―one of the most advanced energy plants in the world.

Air Products will acquire, own and operate two large-scale air separation units, two large-scale auto-thermal reforming units, and a hydrogen production unit within the Uzbekistan GTL complex and supply oxygen, nitrogen, hydrogen and syngas under a long-term, take-or-pay/fixed fee contract to UNG. UNG will supply the feedstock natural gas and utilities and offtake all products.

About the Project

Generating a Cleaner Future

The energy and environmental challenges facing the planet need innovation and real investment now. We believe hydrogen plays a key role in building a cleaner, more sustainable future. Hydrogen is an ideal solution to address emissions from sectors requiring a high-density energy source, such as heavy-duty transportation and industry, where electrification is not feasible or practical. As the world’s largest hydrogen supplier, Air Products has taken major steps to accelerate the energy transition.

Today, there are buses, trucks and other heavy-duty vehicles around the world fueled with hydrogen produced, distributed and supplied by Air Products. We have made an industry-leading commitment of at least $15 billion to clean energy hydrogen megaprojects. Our journey is well underway. Air Products has the technology, the track record, the capital and the ambition as a first-mover to bring the hydrogen economy to scale.

Learn More