Sociedad Quimica Y Minera De Chile Sa Pfd Series A · BCS:SQM_A
Sociedad Quimica Y Minera De Chile Sa Pfd Series A — Sociedad Química y Minera de Chile (SQM) — Investor Presentation (August 2024)
19 slides from Sociedad Quimica Y Minera De Chile Sa Pfd Series A's investor presentation, August 2024
Slide 1: Corporate Presentation August 2024
CORPORATE PRESENTATION August 2024
Slide 2: Customary note regarding forward-looking statements
This presentation release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “plan,” “believe,” “estimate,” “expect,” “strate
Slide 3: SQM at a Glance: Strong Performance Across All Business lines
SQM at a Glance: Strong Performance Across All Business lines LTM1 Revenues: US$5.5 billion | LTM1 Adjusted EBITDA2: US$2.0 billion LTM1 Adjusted EBITDA Margin2 : 37% | NFD/Adjusted EBITDA2: 1.1x Lithium and Specialty Plants Iodine and Industrial Potassium derivatives Nutrition derivatives chemicals
Slide 4: Responsible Business Strategy
Delivering Sustainable Solutions to Global Challenges Responsible Responsible Processes Research and Development Development, research and Business innovation. Create unique solutions Reduce our ecological for global markets that enable us to footprint and protect enhance the company´s value in a St
Slide 5: Our commitment to Sustainability
Our commitment to Sustainability Emissions reduction Continental water reduction Target to produce carbon neutral Member of the United Nations Global 40% by 2030 and 65% by 2040 lithium by 2030, and other Compact, Global Battery Alliance, DJSI World, products by 2040. DJSI Emerging Markets, DJSI Chi
Slide 6: Global Presence and Diversified Sales Channels
Global Presence and Diversified Sales Channels Europe North America 13% 13% Latam & Asia & Caribean Others 4% 67% Commercial Offices Chile Joint Venture Production Plants 3% Mining Operations SQM – Corporate Presentation 6 Note: Revenues for the last twelve months ended June 30, 2024
Slide 7: Summary of Second Quarter 2024 Results
Summary of Second Quarter 2024 Results US$1,294m US$384m US$214m US$413m 32% % Change % Change % Change % Change % Change Q-on-Q Q-on-Q Q-on-Q Q-on-Q 2% Q-on-Q (14)% 19% 4% 125% Y-on-Y Y-on-Y Y-on-Y Y-on-Y (53)% Y-on-Y (25)% (37)% (55)% (63)% Trend Trend Trend Trend Trend Revenues Contribution Gross
Slide 8: Results Key Drivers 2Q2024 vs 2Q2023
Results Key Drivers 2Q2024 vs 2Q2023 Industrial Chemicals, Lithium: Record sales volumes (21%), significantly lower year-on- 2% Potassium, 2% year average sales prices (-63%) Iodine: Significantly higher sales volumes (29%), slightly lower (-6%) average sales prices SPN: Higher sales volumes (21%),
Slide 9: SQM Lithium: Delivering Growth & Capitalizing On Strong Sales Momentum
SQM Lithium: Delivering Growth & Capitalizing On Strong Sales Momentum Lithium and derivatives Global Lithium Chemical Market Quarterly Sales Volumes (kMT) & Average Price (US$/kg) • Estimated annual global EV sales growth over 20% in 2024. LTM1 Gross Profit: US$1.1B • We expect the global lithium m
Slide 10: SQM Lithium: Integrated Production, Sustainable Solutions, Full Traceability
SQM Lithium: Integrated Production, Sustainable Solutions, Full Traceability Chile Australia China Chile: lithium sulfate China: SQM´s lithium production capacity hydroxide refinery + 40,000 MT of LCE tolling from lithium sulfate, 40,000 MT Chile: capacity expansions: lithium carbonate to 240,000 MT
Slide 11: Iodine and Derivatives: Capturing Demand Growth in High Price Environment
Iodine and Derivatives: Capturing Demand Growth in High Price Environment Iodine and derivatives Global Iodine Market Quarterly Sales Volumes (kMT) & Average Price (US$/kg) • Strong demand growth seen in $70 1H2024. We expect that total 1 $69 demand could grow by 7% in LTM Gross Profit US$530M $68 $
Slide 12: SQM Nitrates and Iodine: Maintaining Leading Position & Supporting Future Growth
SQM Nitrates and Iodine: Maintaining Leading Position & Supporting Future Growth TARAPACÁ Projects: additional 2,500 REGION Pampa Blanca, MT of iodine and 250,000 additional 1,300 MT of MT of nitrates salts, using Nueva Victoria iodine and 100,000 MT seawater of nitrates salts Tocopilla Pedro de Val
Slide 13: Specialty Plant Nutrition: Demand and Sales Volumes Recovery Accelerates
Specialty Plant Nutrition: Demand and Sales Volumes Recovery Accelerates Specialty Plants Nutrition Quarterly Sales Volumes (kMT) & Average Price (US$/MT) Global KNO3 Market LTM1 Gross Profit US$183M • Strong demand growth seen in 1H2024. We believe that total LTM1 Revenues: US$914M $1,436 $1,407 de
Slide 14: Potassium: Demand Recovery and Increased Sales Volumes
Potassium: Demand Recovery and Increased Sales Volumes Potassium Quarterly Sales Volumes (kMT) & Average Price (US$/MT) Global Potash Market $1,027 LTM1 Gross Profit US$35M $960 • Strong demand recovery LTM1 Revenues: US$263M seen during 1H2024. We $817 believe that total potash market could surpass
Slide 15: Industrial Chemicals: Stable Outlook Confirmed
Industrial Chemicals: Stable Outlook Confirmed Industrial Chemicals Quarterly Sales Volumes (kMT) & Average Price (US$/MT) Global Industrial Chemicals $1,522 $1,510 $1,474 Market 1 LTM Gross Profit US$34M LTM1 Revenues: US$105M $1,238 • Industrial potassium nitrate $1,114 market prices remains $970
Slide 16: Ownership & Dividends: Delivering Robust Growth and Profitability
Ownership & Dividends: Delivering Robust Growth and Profitability 21% 21 1515% Bank of New York Mellon (ADRS) Tianqi 14% % % Ownership Structure 1 14 Pampa Group Kowa Group % 2% 2% Chilean Pension Funds 22% 22% Others 26% 26 % 1 According to the Shareholder Registry as of June 30, 2024 SQM – Corpora
Slide 17: Dividends: Delivering Robust Growth and Profitability
Dividends: Delivering Robust Growth and Profitability 2024 Dividend Policy1 I. Dividend payout: 30% of 2024 Net Income II. Dividend payout may be increased, subject to the Company’s Board of Directors approval, considering among others, the following parameters: Dividend Payout (% of Net Income) 60%
Slide 18: Agreement with CORFO
Agreement with CORFO Payments Li2CO3 LiOH KCL US$/MT % US$/MT % US$/MT % Production Allowance < 4,000 6.8 < 5,000 6.8 <300 3 4,000 – 5,000 8 5,000 – 6,000 8 300 – 400 7 Total production quota 2018-2030: 349,553 MT of LME 5,000 – 6,000 10 6,000 – 7,000 10 400 – 500 10 or ~2.2 million metric tons of L
Slide 19: Contact information
Contact information Irina Axenova Head of Investor Relations irina.axenova@sqm.com Isabel Bendeck Investor Relations isabel.bendeck@sqm.com
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