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) — Non-Deal Roadshow (December 2016)
12 slides from Sociedad Quimica Y Minera De Chile Sa Pfd Series A's roadshow presentation, Dec 5, 2016
Slide 1: NDR London
NDR London Patricio de Solminihac, CEO December 5-6, 2016
Slide 2: Important Notice
Important Notice Statements in this presentation concerning the Company’s business outlook or future economic performances, anticipated profitability, revenues, expenses, or other financial items, anticipated cost synergies and product or service line growth, together with other statements that are
Slide 3: SQM at a Glance
SQM at a Glance World Leader in Specialty Businesses: Potassium Nitrate, Iodine, Lithium & Solar Salts Financial Profile Healthy Credit Metrics Revenue LTM(1) : US$ 1.8 billion NFD/EBITDA LTM .55 EBITDA(2) LTM : US$ 688 million Moody’s: Baa1 EBITDA Margin LTM : ~ 38% Standard and Poo
Slide 4: Natural Resources and Experience
Natural Resources and Experience High-quality reserves low-cost operations Caliche Ore Caliche ore is only found in Chile The world’s largest deposits of nitrates and iodine Proprietary mining rights pursuant to exploitation concessions Salar Brines High concentrations of potassium and lit
Slide 5: Arbitration: CORFO and SQM
Arbitration: CORFO and SQM May 2014: Arbitration was initiated between SQM and CORFO CORFO Alleges SQM Position SQM incorrectly determined lease payments, and • All payments were made appropriately underpaid CORFO US$8.9 million (2009-2014) International reference price for KCL (used in • Per cont
Slide 6: Strategic Plan: Looking towards the future
Strategic Plan: Looking towards the future Goal: To increase EBITDA to over US$1 billion by 2020 SQM Strategic Goals Initiatives to Reach Goal SPN: Continue to add value to KNO3 market • Build new NPK plants and form new strategic partnerships • Aggressive investment in market development. New pro
Slide 7: Capital Expenditures
Capital Expenditures Capex $ 200 $ 180 $ 160 Historical maintenance $ 140 Capex ~US$100-120 million US$ Million $ 120 $ 100 $ 80 $ 60 $ 40 $ 20 $0 2014 2015 2016 Mantenance Argentina Lithium Hydroxide Congo Others Growth Plans 2016: ~US$25 investment in Exar; ~US$20 investment in Elemental Mineral
Slide 8: Other Relevant Topics
Other Relevant Topics Ownership Structure(1) Dividends Provisional Dividend US$225 to be paid in Others Pampa December 2016 Chile 13% Group and Kowa Group 32% Bank of New York (ADRs) SQM Business Opportunities 23% JV to develop Caucharí-Olaroz lithium project Strong demand growth in lithium ma
Slide 9: Results
Results Revenue Contribution Gross Profit Contribution 9M2016/9M2015 9M2016/9M2015 1600 1500 177,8 3,9 1385,6 550 136 1400 1317,1 -36,0 500 -37,7 425 1300 450 -9 406 US$ Million -15,3 400 1200 -24,2 350 -33 -81 -2 1100 -31 300 1000 250 900 200 800 150 700 100 SPN Iodine Lithium I. Chem. Potassium P
Slide 10: Prices vs. EBITDA Margin
Prices vs. EBITDA Margin Cost savings initiatives have protected margins, despite lower pricing environment in most business lines Prices (Base 100) vs. EBITDA Margin (%) 160 60% 140 48% 50% 44% 44% 120 40% 38% 40% 39% 100,0 35% 40% 100 35% Prices Base 100 1H2012 = 100 80 69,5 30% 60 20% 40 10% 20
Slide 11: Financial Performance
Financial Performance Revenues Net Income(1) 700 649 3.000 US$ Million US$ Million 2.429 600 543 2.500 2.145 2.203 2.014 500 467 2.000 1.728 1.797 400 1.500 296 300 213 242 1.000 200 500 100 0 0 2011 2012 2013 2014 2015 LTM 2011 2012 2013 2014 2015 LTM Sep 16 Sep 16 EBITDA(2)/Revenues NFD(3)/EBITDA
Slide 12: Contact Information
Contact Information: Gerardo Illanes: VP of Finance and IR, gerardo.illanes@sqm.com Kelly O’Brien: Head of Investor Relations, kelly.obrien@sqm.com
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