8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 21, 2011

CF Industries Holdings, Inc.

(Exact name of Registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation) 001-32597
(Commission
File Number) 20-2697511
(I.R.S. Employer
Identification No.)

4 Parkway North, Suite 400
Deerfield, IL (Address of principal
executive offices) 60015
(Zip Code)

Registrant’s telephone number, including area code:  (847) 405-2400

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On June 21, 2011, representatives of CF Industries Holdings, Inc. will participate in an investor conference at which the presentation attached hereto as Exhibit 99.1 will be used.

The information set forth herein, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01	Financial Statements and Exhibits.
(d)	Exhibits.

Exhibit No.	Description of Exhibit
99.1	Investor Presentation — June 21, 2011

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 21, 2011	CF INDUSTRIES HOLDINGS, INC.
	By:	/s/ Douglas C. Barnard
		Name: Douglas C. Barnard
		Title:   Vice President, General Counsel, and Secretary

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EXHIBIT INDEX

Exhibit No.	Description of Exhibit
99.1	Investor Presentation — June 21, 2011

4

EX-99.1

Exhibit 99.1

Corporate Development Supply Chain Sales Finance Legal Operations Human Resources Dv Sc Sa Fi Le Op Hr CF Industries NYSE: CF Investor Visits June 2011

Certain statements contained in this communication may constitute "forward-looking statements." All statements in this communication, other than those relating to historical information or current condition, are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. Important factors that could cause actual results to differ materially from our expectations include, among others: the volatile cost of natural gas in the areas where our production facilities are principally located; the cyclical nature of our business and the agricultural sector; the global commodity nature of our fertilizer products, the impact of global supply and demand on our selling prices, and the intense global competition in the consolidating markets in which we operate; conditions in the U.S. agricultural industry; reliance on third party transportation providers; our ability to integrate the Terra businesses promptly and effectively and to achieve the cost savings and synergies we anticipate from the acquisition within the expected time frame or at all, the potential for disruption from the acquisition to make it more difficult for us to maintain relationships with customers, employees or suppliers, and the impact of system integration efforts, including the implementation of a new enterprise resource planning (ERP) system; weather conditions; risks associated with expansion of our business, including unanticipated adverse consequences and the significant resources that could be required; potential liabilities and expenditures related to environmental and health and safety laws and regulations; our potential inability to obtain or maintain required permits and governmental approvals or to meet financial assurance requirements; future regulatory restrictions and requirements related to greenhouse gas emissions and climate change; our inability to predict seasonal demand for our products accurately; the impact of changing market conditions on our forward sales programs; risks involving derivatives and the effectiveness of our risk measurement and hedging activities; the reliance of our operations on a limited number of key facilities and the significant risks and hazards against which we may not be fully insured; risks associated with joint ventures; acts of terrorism and regulations to combat terrorism; difficulties in securing the supply and delivery of raw materials we use and increases in their costs; risks associated with international operations; the concentration of our sales with certain large customers; losses on our investments in securities; deterioration of global market and economic conditions; our substantial indebtedness and the limitations on our operations imposed by the terms of our indebtedness; our ability to comply with the covenants under our indebtedness and to make payments under such indebtedness when due; potential inability to refinance our indebtedness in connection with any change of control affecting us; and loss of key members of management and professional staff. Forward-looking statements are given only as of the date of this release and we disclaim any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Safe Harbor Statement

Record Profits and Cash Flow Any-quarter record First quarter record 2006 2007 2008 2009 2010 2011 Earnings per Share Operating Cash Flow (millions)

Company Overview North America’s largest producer of nitrogen fertilizer and #2 in the world Third largest producer of phosphate fertilizer among public companies 80% Nitrogen 20% Phosphate Based on 2010 consolidated sales

Manufacturing and Distribution Locations Medicine Hat Courtright Port Neal Woodward Verdigris Yazoo City Donaldsonville Plant City Hardee (Mine) Ritzville Velva Grand Forks Glenwood Pine Bend Blair Garner Aurora Fremont Spencer Tampa Palmyra Mt. Vernon Cowden Terre Haute Frankfort Huntington Kingston Mines Seneca Peru Terminals Manufacturing Complex Albany

Nitrogen Segment Sales Volume (000 st) North America’s leading producer of all four primary nitrogen products World’s leading producer of UAN Segment size doubled with acquisition of Terra Industries in April 2010 6.5 million nutrient tons annual nitrogen capacity (converted to 14.0 million product tons) Seven nitrogen production complexes in North America, plus three 50%-owned joint venture plants in Trinidad and the U.K. Extensive transportation and storage capability supporting highly seasonal agriculture business 2008 2009 2010 2011 Terra acquisition

Nitrogen Production Capacities (000 Short Tons) Location Gross Ammonia Net Ammonia UAN (32%) Urea Ammonium Nitrate Fertilizer Compounds Product Tons for Sale Donaldsonville, LA 2,850 910 2,415 1,680 0 0 5,005 Medicine Hat, AB 1,250 788 0 810 0 0 1,598 Verdigris, OK 1,080 294 1,965 0 0 0 2,259 Yazoo City, MS 560 0 160 20 1,075 0 1,255 Courtright, ON 500 268 345 160 0 0 773 Woodward, OK 480 146 800 25 0 0 971 Port Neal, IA 380 31 800 50 0 0 881 7,100 2,436 6,485 2,745 1,075 0 12,741 Unconsolidated Affiliates (2) Point Lisas, Trinidad 360 360 0 0 0 0 360 Billingham, U.K. 275 135 0 0 310 0 445 Ince, U.K. 190 0 0 0 330 165 495 Total 825 495 0 0 640 165 14,042 Notes [1] [2] Average Annual Capacity (1) Average annual capacity includes allowance for normal outages and planned maintenance shutdowns. Represents CF's 50% interest in the capacity of each of these facilities.

UAN: A High Value-Added Product North American UAN Production Capacity (million tons/year, 32% basis) Attributes Non-volatile liquid Contains urea (fast release) and AN (slow release) Typically 28-32% nitrogen 2.6 tons of UAN required to replace the nitrogen content of 1 ton of ammonia Advantages Can be blended with crop protection chemicals or irrigation water, reducing passes through the fields Relatively easy to transport and store Can be applied easily after planting, facilitating earlier planting Source: IFDC, company reports, CF

Nitrogen Segment Results Source: Green Markets 2009 2010 2011 In millions, except as noted 2011 Q1 H/(L) 2010 Q1 H/(L) 2010 Q4 Sales $ 926 $ 599 $ (77) Gross margin 443 345 22 - Percent 48% 18 pts 6 pts Volume (000 st) 2,841 1,643 (509) Average selling prices ($/st) - Ammonia $ 494 $ 173 $ 42 - Urea 371 65 48 - UAN 277 72 71 - AN 251 n/a 40 Gas cost $/MMBtu $ 4.32 $ (0.81) $ 0.03 Ammonia Urea UAN-32 Mid-Cornbelt Prices

Low Gas Prices Despite Strong Demand Storage inventories reached a new record high in November, exceeding the five year average by nearly 400 BCF Winter 2010/2011 was the coldest in a decade, which boosted heating demand and erased nearly all of the surplus storage compared to the five year average Despite strong winter withdrawals, spot prices remain in the mid-$4 range due to sustained production growth Source: EIA (lower 48 states only) U.S. Natural Gas Storage (BCF) Total NG Weighted Degree Days Source: NOAA, BMO Capital Markets

Phosphate Operations Advantages World scale operation 3.5 million tons of phosphate rock annually 1 million tons of P2O5 2 million tons DAP/MAP Fully integrated system Well-balanced operations (rock/beneficiation/ chemical plant capacity) Excellent location to serve domestic and export markets Nimble export capability through Keytrade relationship

Phosphate Segment Results Source: Green Markets In millions, except as noted 2011 Q1 H/(L) 2010 Q1 H/(L) 2010 Q4 Sales $ 248 $ 73 $ 13 Gross margin 83 51 20 - Percent 33% 15 pts 6 pts Volume (000 st) 440 (40) (37) - DAP 331 (43) (23) - MAP 109 3 (14) - Domestic 394 5 1 - Export 46 (45) (38) Average selling prices ($/st) - DAP $ 562 $ 201 $ 72 - MAP 569 190 70 DAP Central Florida Price 2009 2010 2011

Reduction in Net Debt Millions Term loan was repaid in full in the first quarter See slide 21 for reconciliation of net debt

U.S. Corn Demand and Stocks (Billion bushels, marketing year basis) Source: USDA

Max 2008 2011 Min 2011 2008 Corn Acres ‘07 ‘08 ‘11 ‘12 Industry Conditions Compared to 2008 Farm Income (2008 Actual, 2011 Fcst.) Average Oil Price (2008 Avg., 2011 YTD) Source: Bloomberg, Green Markets, USDA

Favorable Outlook for Corn and Natural Gas Source: USDA, EIA, Bloomberg Projected U.S. Corn Plantings Projected U.S. Corn Plantings (million acres) Avg. Natural Gas Cost per MMBtu at Henry Hub

 Economics Drive Ethanol, Not Policy Note: 2.8 bushels/gallon of ethanol; gasoline $/gal ~ 3% of oil price/barrel Corn Price ($/bushel) Oil Price ($/barrel) Blender Break-even Ethanol Blender Economics (Last 52 Weeks)

China Urea Export Tariff $U.S. per tonne at port China’s low export tariff season for urea extends from July through October The sliding scale tariff would be higher than 7% at prevailing prices Production costs in China have risen with energy prices Expect significantly lower exports in 2011 vs. 2010 A similar tariff structure applies to phosphate exports Final Exporter Sale Price Tax Rate Proceeds $ 300 7% $ 280 350 15% 305 400 26% 317 450 35% 333 500 42% 350 Assumes that benchmark price includes 7 percent tax

Global Trends Favoring CF Industries U.S. Shale Gas Supply Oil Prices Higher-Protein Diets Population Growth Source: Bloomberg, U.S. Census Bureau, USDA, FAS Million Tonnes

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Non-GAAP Information Net debt (net cash) is defined as total debt minus cash, cash equivalents and short-term investments, plus customer advances. We include customer advances in this calculation to reflect the liability associated with our obligations to supply fertilizer in the future, which offsets cash received in the form of customer advances. Net debt (net cash) does not include distributions of earnings payable to noncontrolling interest holders. We use net debt (net cash) in the evaluation of our capital structure. (in millions) Reconciliation of debt to net debt (net cash): April 15, June 30, September 30, December 31, March 31, 2010 2010 2010 2010 2011 Total debt 3,627.8 $ 2,601.2 $ 2,255.6 $ 1,959.0 $ 1,618.1 $ Less: cash, cash equivalents and short-term investments 500.0 (1) 601.4 648.4 800.8 1,137.3 Plus: customer advances 350.0 (1) 10.8 321.1 431.5 747.3 Net debt 3,477.8 $ 2,010.6 $ 1,928.3 $ 1,589.7 $ 1,228.1 $ (1) The amounts at April 15, 2010 are approximate.