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ICL(ICL) - 2022 Q2 - Earnings Call Presentation
2022-07-27 12:49
Second Quarter 2022 Financial Results Raviv Zoller | President and CEO July 27, 2022 Important legal notes Disclaimer and safe harbor for forward-looking statements 2 This presentation contains statements that constitute forward-looking statements, many of which can be identified by the use of forward-looking words such as anticipate, believe, could, expect, should, plan, intend, estimate, strive, forecast, target, and potential, among others. Forward-looking statements appear in a number of places in this ...
ICL(ICL) - 2022 Q1 - Earnings Call Transcript
2022-05-11 19:04
Financial Data and Key Metrics Changes - ICL Group reported record sales exceeding $2.5 billion, an increase of over $1 billion year-over-year, and adjusted EBITDA crossed $1 billion, marking an all-time record [8][10] - Adjusted operating income rose to $880 million, up more than 370%, with an adjusted operating margin of 34.9%, significantly up from 12.3% in the same quarter last year [39] - Adjusted net income attributable to shareholders was $613 million, up more than 350% year-over-year, with adjusted diluted earnings per share of $0.48, an increase of $0.37 [39][40] Business Line Data and Key Metrics Changes - **Industrial Products**: Sales reached $494 million, up 24%, with record EBITDA of $203 million, up 66% year-over-year [15] - **Potash**: Sales were $795 million, up over 120% year-over-year, with EBITDA of $450 million, up 626% [18] - **Phosphate Solutions**: Sales of $798 million were up nearly 60% year-over-year, with EBITDA of $247 million, up more than 160% [24] - **Innovative Ag Solutions**: Sales hit an all-time high of $566 million, up nearly 70%, with EBITDA of $110 million, also an all-time record, up more than 230% [27] Market Data and Key Metrics Changes - The company noted strong demand and higher prices across most markets, driven by global disruptions including the pandemic and the conflict in Ukraine [10][40] - Potash prices increased significantly due to sanctions on Belarus and the conflict in Ukraine, with average realized prices expected to be around $760 per ton in Q2 [69][70] - Concerns about global food security were highlighted, with prices for key crops like corn and wheat rising due to tight supply [20] Company Strategy and Development Direction - ICL Group remains focused on its specialty strategy, aiming for long-term growth despite commodity price fluctuations [7][35] - The company plans to continue optimizing customer and supplier relationships while managing high raw material costs and supply chain challenges [11][44] - Investments in research and development are prioritized to innovate and expand the specialty product portfolio [36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing global uncertainty, including inflation and supply chain disruptions, particularly due to the situation in Ukraine and COVID-related shutdowns in China [40][41] - The company expects continued strong performance in the second quarter, with potash and phosphate prices anticipated to remain high [35][80] - Management emphasized the importance of maintaining long-term customer relationships to drive business growth [36] Other Important Information - ICL's dividend payout ratio of up to 50% of annual adjusted net income resulted in a dividend of $23.83 per share, up more than 350% from the previous year [12] - The company achieved a net debt to EBITDA ratio improvement to 1x from 2.4x year-over-year, reflecting strong cash flow generation [49] Q&A Session Summary Question: Margin sustainability in industrial products - Management indicated that margins are expected to remain stable due to long-term contracts with annual price updates [57] Question: Volume outlook in the industrial products division - Management noted that production limitations in China affected volumes but expected quantities to stabilize in the second quarter [60] Question: Breakdown of EBITDA increase for 2022 - Management clarified that approximately 60% to 65% of the $2 billion EBITDA increase is attributed to potash prices, with the remainder from other businesses [72] Question: Potash price outlook and demand - Management expressed that while there may be short-term demand destruction, the overall market remains undersupplied, supporting price stability [75][80] Question: M&A landscape and opportunities - Management is optimistic about potential M&A opportunities as valuations may rationalize, allowing for strategic acquisitions [85] Question: Expectations for Boulby operations - Management expects stable production at Boulby, with continued profitability driven by high-quality organic product positioning [94] Question: Allocation of excess capital - Management plans to allocate excess capital towards dividends, M&A opportunities, and maintaining reserves for strategic advantages [101][102]
ICL(ICL) - 2022 Q1 - Earnings Call Presentation
2022-05-11 12:50
First Quarter 2022 Financial Results Raviv Zoller | President and CEO May 11, 2022 Important legal notes Disclaimer and safe harbor for forward-looking statements 2 The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in ICL Group Ltd. (ICL Group or company) securities or in any securities of its affiliates or subsidiaries. This presentation and/or ot ...
ICL(ICL) - 2021 Q4 - Annual Report
2022-02-23 11:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1 ...
ICL(ICL) - 2021 Q4 - Earnings Call Presentation
2022-02-15 14:11
Fourth Quarter 2021 Financial Results R a v i v Z o l l e r President and CEO February 9, 2022 Important legal notes Disclaimer and safe harbor for forward-looking statements The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in ICL Group Ltd. (ICL Group or company) securities or in any securities of its affiliates or subsidiaries. This presentation ...
ICL(ICL) - 2021 Q4 - Earnings Call Transcript
2022-02-09 19:57
ICL Group Ltd. (NYSE:ICL) Q4 2021 Earnings Conference Call February 9, 2022 8:30 AM ET Company Participants Raviv Zoller – Chief Executive Officer Aviram Lahav – chief financial officer Conference Call Participants Bria Murphy – BMO Capital Alex Jones – Bank of America Mubasher Chaudhry – Citi Geoff Haire – UBS Duffy Fischer – Barclays Laurence Alexander – Jefferies Will Tang – Morgan Stanley Operator Ladies and gentlemen, thank you for standing by, and welcome to the ICL Analyst’s Conference Call. Our pres ...
ICL(ICL) - 2021 Q3 - Earnings Call Presentation
2021-11-22 11:44
Third Quarter 2021 Financial Results Raviv Zoller President and CEO November 4, 2021 Important legal notes Disclaimer and safe harbor for forward-looking statements The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in ICL Group Ltd. (ICL Group or company) securities or in any securities of its affiliates or subsidiaries. This presentation and/or ot ...
ICL(ICL) - 2021 Q3 - Earnings Call Transcript
2021-11-06 18:26
ICL Group Ltd (NYSE:ICL) Q3 2021 Earnings Conference Call November 4, 2021 8:30 AM ET Company Participants Peggy Reilly Tharp - VP, Global Investor Relations Raviv Zoller - President & CEO Kobi Altman - CFO Conference Call Participants Alexander Jones - BofA Securities Alex Chen - BMO Capital Markets Mubasher Chaudhry - Citigroup William Tang - Morgan Stanley Anne-Mette De Place Filippini - Burgundy Asset Management Geoffrey Haire - UBS Operator Ladies and gentlemen, thank you for standing by and welcome to ...
ICL(ICL) - 2021 Q2 - Earnings Call Presentation
2021-07-30 14:56
Second Quarter 2021 Financial Results Raviv Zoller President and CEO July 28, 2021 Important legal notes Disclaimer and safe harbor for forward-looking statements The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in ICL Group Ltd. (ICL Group or company) securities or in any securities of its affiliates or subsidiaries. This presentation and/or othe ...
ICL(ICL) - 2021 Q2 - Earnings Call Transcript
2021-07-28 18:37
ICL Group Ltd (NYSE:ICL) Q2 2021 Earnings Conference Call July 28, 2021 8:30 AM ET Company Participants Peggy Tharp - VP, Global Investor Relations Raviv Zoller - President & CEO Kobi Altman - CFO Dudi Musler - IR Manager Conference Call Participants Alexander Jones - Bank of America Merrill Lynch Will Tang - Morgan Stanley Geoff Haire - UBS Joel Jackson - BMO Capital Markets Sean Gilmartin - Barclays Bank Dan Rizzo - Jefferies Operator Ladies and gentlemen, thank you for standing by, and welcome to the ICL ...