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 (May 2024)
19 slides from Sociedad Quimica Y Minera De Chile Sa Pfd Series A's investor presentation, May 2024
Slide 1: Corporate Presentation May 2024
CORPORATE PRESENTATION May 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: Customary note regarding “anticipate,” “plan,” “believe,” “est
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$6.3 billion | LTM1 Adjusted EBITDA2: US$2.5 billion LTM1 Adjusted EBITDA Margin2 : 40% | NFD/Adjusted EBITDA2: 0.9x 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 innovation. Business Reduce our ecological footprint and protect Create unique solutions for global markets that enable us to enhance the compaty´s value in a su
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 Compact, 40% by 2030 and 65% by 2040 lithium by 2030, and other products Global Battery Alliance, DJSI World, DJSI Emerging by 2040. Markets, DJSI Chi
Slide 6: Global Presence and Diversified Sales Channels
Global Presence and Diversified Sales1 Channels Europe North America 12% 12% Asia & Others 71% Latam & Carribean 3% Commercial Offices Chile Joint Venture Production Plants 3% Mining Operations 1 Revenues for the last twelve months ended March 31, 2024 SQM – Corporate Presentation 6
Slide 7: Summary of First Quarter 2024 Results
Summary of First Quarter 2024 Results Adjusted Adjusted Revenue Gross Profit Net Income1 EBITDA EBITDA Margin US$1,085m US$369m (US$870m) US$404m 37% % Change % Change % Change % Change % Change Q-on-Q (17)% Q-on-Q (8)% Q-on-Q (528)% Q-on-Q (6)% Q-on-Q 14% Y-on-Y (52)% Y-on-Y (65)% Y-on-Y (216)% Y-o
Slide 8: Results Key Drivers 1Q2024 vs 1Q2023
Results Key Drivers 1Q2024 vs 1Q2023 Lithium: Significantly higher sales volumes (34%), significantly lower year- on-year average sales prices (-75%) Iodine: Higher sales volumes (9%) partially offset by lower (-8%) average sales prices SPN: Significantly higher sales volumes (21%), lower year-on-ye
Slide 9: Lithium and Derivatives: Long-Term Fundamentals Support Demand Growth
Lithium and Derivatives: Long-Term Fundamentals Support Demand Growth LITHIUM AND DERIVATIVES Quarterly Sales Volumes (kMT) Global Lithium Chemical Market & Average Price (US$/kg) $59 • Estimated annual global EV sales growth ~22% LTM1 Gross Profit: US$1.6B $54 $56 in 2024, reaching ~17.3 million un
Slide 10: Lithium and Derivatives: Fully integrated lithium producer
Lithium and Derivatives: Fully integrated lithium producer from natural resource to chemical refining with full traceability Chile Australia China Chile: lithium sulfate production to feed lithium hydroxide refining capacity in China. China: Dixin lithium hydroxide refinery + tolling Chile: capacity
Slide 11: Iodine and Derivatives: Capturing Segment Growth in High Price Environment
Iodine and Derivatives: Capturing Segment Growth in High Price Environment IODINE AND Global Iodine Market DERIVATIVES Quarterly Sales Volumes (kMT) & Average Price (US$/kg) • We believe that the global iodine market demand could grow ~4% in $70 2024. LTM1 Gross Profit US$523M $69 $69 $68 $66 LTM1 R
Slide 12: Nitrates and Iodine Operations
Nitrates and Iodine Operations: SQM to maintain leading position in nitrates and iodine industries TARAPACÁ REGION Pampa Blanca, additional Pampa Orcoma 1,300 MT of iodine and 100,000 MT of nitrates Nueva Victoria salts Greenfield projects, additional 2,500 MT of iodine and 250,000 MT of nitrates sa
Slide 13: Specialty Plant Nutrition: Demand and Sales Volumes Recovery
Specialty Plant Nutrition: Demand and Sales Volumes Recovery SPECIALTY PLANTS NUTRITION SPN Quarterly Sales Volumes (kMT) & Average Price (US$/MT) Global KNO3 Market $1,440 $1,410 $1,380 $1,310 $1,310 • We believe that the potassium nitrate LTM1 Gross Profit US$191M market could grow ~15% during 202
Slide 14: Potassium: Lower Market Prices and Demand Recovery
Potassium: Lower Market Prices and Demand Recovery Potassium Quarterly Sales Volumes (kMT) & Average Price POTASSIUM (US$/MT) $1,030 $960 Global Potash Market LTM1 Gross Profit US$36M $805 $820 LTM1 Revenues: US$256M • Potassium market demand could $630 reach ~70 million MT in 2024 vs $530 2023. 12%
Slide 15: Industrial Chemicals: Stable Outlook
Industrial Chemicals: Stable Outlook INDUSTRIAL Industrial Chemicals Quarterly Sales Volumes (kMT) CHEMICALS & Average Price (US$/MT) Global Industrial Chemicals Market $1,600 $1,520 $1,510 LTM1 Gross Profit US$29M • Relatively Stable demand and LTM1 Revenues: US$131M $1,240 average market prices ar
Slide 16: Ownership & Dividends: Delivering Robust Growth and Profitability
Ownership & Dividends: Delivering Robust Growth and Profitability Bank of New York Mellon (ADRS) 21% 15% Tianqi Ownership Structure1 14% Pampa Group Kowa Group 2% Chilean Pension Funds 22% Others 26% 1 According to the Shareholder Registry as of April 30, 2024 SQM – Corporate Presentation 16
Slide 17: Dividends: Delivering Robust Growth and Profitability
Dividends: Delivering Robust Growth and Profitability 2024 Dividend Policy1 I. Dividend payout: 30% of 2024 Net Income II. Dividend payout may be increased, subject to the Company’s Board of Directors approval, considering among others, the following parameters: Dividend Payout (% of Net Income) 60%
Slide 18: Agreement with CORFO
Agreement with CORFO Payments Li2CO3 LiOH KCL US$/MT %2 US$/MT %2 US$/MT %2 Production Allowance < 4,000 6.8 < 5,000 6.8 <300 3.0 4,000 – 5,000 8.0 5,000 – 6,000 8.0 300 – 400 7.0 Total production quota 2018-2030: 349,553 MT of LME or ~2.2 5,000 – 6,000 10.0 6,000 – 7,000 10.0 400 – 500 10.0 6,000 –
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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