Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q2 2024 Results Conference Call August 22, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Ricardo Ramos - Chief Executive Officer Felipe Smith - Commercial Vice President of SQM Salar Carlos Diaz - CEO of SQM Salar Mark Fones - CEO of SQM International Lithium Gerardo Illanes - Chief Financial Officer Pablo Hernandez - Senior Director of Business Strategy and Development, SQM Salar Pablo Altimiras - CEO of Iodine & Nitrates Juan Pablo Bell ...

simonkr SQM: Falling Knife Reaching A Bottom? Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) investors have endured another disappointing seven months since my last update as the battering in the lithium market intensified. As a result, what seemed like a consolidation zone for lithium prices between January and April 2024 didn't sustain. Lithium prices have continued their downtrend bias through this week, reaching almost $10K per MT. Therefore, it marks a spectacular collapse from the highs of over $8 ...

Core Viewpoint - Sociedad Quimica y Minera de Chile S.A. (SQM) reported a significant decline in profits and revenues for the second quarter of 2024 compared to the previous year, with earnings falling short of market expectations [1] Financial Performance - SQM's profit for Q2 2024 was $213.6 million, or 75 cents per share, down from $580.2 million, or $2.03 per share, in Q2 2023 [1] - Revenues for the quarter totaled $1,293.6 million, a decrease of approximately 37% year over year, but exceeded the Zacks Consensus Estimate of $1,260.7 million [1] - Cash and cash equivalents at the end of the quarter were $1,033.1 million, down around 22% sequentially, while long-term debt remained flat at $2,946.2 million [5] Segment Highlights - The Lithium and Derivatives segment saw revenues drop nearly 55% year over year to $664.7 million, despite a 21% increase in sales volumes, due to a 63% reduction in average sales prices [2] - The Specialty Plant Nutrients (SPN) segment generated revenues of $260.5 million, up 5% year over year, driven by higher sales volumes but tempered by lower average sales prices [2] - The Iodine and Derivatives segment posted revenues of $269.2 million, up around 22% from the prior year, benefiting from higher sales volumes and increased sales prices [3] - Revenues from the Potassium business rose 10% year over year to $73.1 million, supported by higher sales volumes, though partially offset by lower average sales prices [3] - The Industrial Chemicals unit recorded sales of $20.5 million, down around 56% year over year, impacted by significantly lower sales volumes despite higher average sales prices [4] Market Outlook - SQM's production guidance remains unchanged, with expectations to produce approximately 210,000 metric tons of lithium carbonate equivalent [6] - The potassium nitrate market is projected to see total demand rise by nearly 13% compared to 2023, with SQM expecting its sales volumes to increase by close to 20% in 2024 [7] - Iodine demand growth in 2024 is projected at approximately 7% year over year, with SQM expecting iodine sales volumes to exceed 14,500 metric tons [8] - Global demand for potassium is expected to exceed 70 million metric tons by year-end, with SQM anticipating sales volumes to reach 650,000 metric tons in 2024 [9] - Quarterly sales volumes for industrial chemicals are expected to remain steady, with stable market prices anticipated for the remainder of 2024 [10] Stock Performance - SQM's shares have declined by 41.8% over the past year, compared to the industry's decline of 22.1% [11]

Highlights • SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year. • Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of US$1,330.1 million or US$4.66 per share for the same period last year. • Strong sales volumes growth in lithium, iodine and fertilizer businesses. • Record-high quarterly sales volumes in lithium and iodine b ...

Sociedad Quimica y Minera de Chile S.A. (SQM) recorded a loss of $3.04 per share for first-quarter 2024. This compares to earnings of $2.63 in the year-ago quarter. The Specialty Plant Nutrients ("SPN") segment raked in revenues of $207.8 million, down around 6% year over year. Sales were hurt by significantly lower average sales prices. Revenues from the Iodine and Derivatives unit came in at $240.1 million, up around 0.2% year over year. Sales were aided by higher sales volumes, offset by lower sales pric ...

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q1 2024 Earnings Conference Call May 23, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Gerardo Illanes - Chief Financial Officer Carlos Diaz - Executive Vice President of Lithium Mark Fones - Vice President of Lithium Development and M&A Juan Pablo Bellolio - Commercial Vice President of Iodine & Industrial Chemicals Conference Call Participants Ben Isaacson - Scotiabank Joel Jackson - BMO Capital Markets Corinne Blanchard - Deutsche Bank ...

Highlights China, with a nominal capacity of 20,000 metric tons. SQM will hold a conference call to discuss these results on Thursday, May 23, 2024 at 12:00pm ET (12:00pm Chile time). Participant Dial-In (Toll Free): 1-844-282-4852 Participant International Dial-In: 1-412-317-5626 Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=qmUdFzpU SANTIAGO, Chile, May 22, 2024 /PRNewswire/ -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) report ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024. Commission File Number 33-65728 CHEMICAL AND MINING COMPANY OF CHILE INC. (Translation of registrant's name into English) El Trovador 4285, Santiago, Chile (562) 2425-2000 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports u ...

Revenue and Sales Performance - For the year ended December 31, 2023, revenues from products originating from the Salar de Atacama represented 73% of the company's consolidated revenues[54]. - Approximately 58% of the company's sales in 2023 were made in emerging market countries, with 44% in Asia and Oceania[61]. - The company reported revenues of US$7,467.5 million, gross profit of US$3,075.1 million, and profit attributable to controlling interests of US$923.2 million for the year ended December 31, 2023[215]. - In 2023, lithium and its derivatives accounted for 69% of total revenues, while specialty plant nutrition and iodine and derivatives contributed 12% each[224]. Market Conditions and Price Volatility - Average lithium prices decreased from US$52,000 per metric ton in 2022 to US$30,500 per metric ton in 2023, indicating significant price volatility[59]. - The cost of energy and raw materials constituted approximately 27% of the company's cost of sales in 2023[69]. - Prices of specialty plant nutrients decreased approximately 21.3% in 2023[240]. Investment and Expansion Plans - The company has a US$2.4 billion investment plan for 2024-2025 to expand lithium, iodine, and nitrate operations[64]. - The company expects capital expenditures for 2024 to reach approximately $1.3 billion, focusing on lithium hydroxide capacity and nitrates and iodine capacity expansions in Chile[208]. - Capital expenditure for the 2024-2025 period is expected to reach approximately US$2.4 billion, including US$1.4 billion for lithium capacity expansion in Chile[209]. - The company plans to expand lithium hydroxide capacity to 100,000 metric tons by 2025[201]. Operational Challenges and Risks - The company faces risks related to global shipping constraints that could impact its ability to deliver products[60]. - The growth of the company's lithium business is heavily dependent on the adoption of electric vehicles, which has shown signs of slowing demand[72]. - The company is exposed to labor strikes, with over 92% of employees in Chile, potentially impacting production levels and costs[80]. - The company faces risks from lawsuits and arbitrations that could divert management attention and adversely affect financial conditions[82]. - The company is exposed to risks associated with potential changes in government policies and civil unrest in Chile, which could adversely affect business operations[126]. Regulatory and Environmental Considerations - Environmental regulations in Chile are becoming increasingly stringent, which may lead to higher compliance costs and impact production targets[85]. - The new National Lithium Strategy announced in April 2023 may create uncertainty in the Chilean lithium industry, potentially impacting business performance and share value[120]. - The Chilean Congress is considering a bill that could enable the expropriation of lithium assets, which may adversely affect the company's operations[137]. - Changes to the Chilean Water Code could affect water rights, which are crucial for the company's operations, with rights now granted for a maximum of 30 years[136]. Community and Social Responsibility - The company is committed to investing between US$10 million and US$15 million annually in sustainable development projects for the Atacama La Grande indigenous communities[152]. - A disagreement within the Atacameños Peoples Council led to a blockade of operations at the Salar de Atacama facilities for one day, highlighting potential future disruptions[151]. - The company faces risks related to relationships with local communities, which are essential for the success of operations and may lead to interruptions if not managed properly[150]. Technological and Competitive Landscape - Competitors are implementing more efficient lithium extraction technologies, which may affect the company's competitive pricing and demand for its lithium products[76]. - The company is investing in research and development for lithium extraction processes, but success is uncertain and may not meet anticipated timelines[76]. - The company aims to maintain its leading position in the lithium, potassium nitrate, iodine, and thermo-solar salts markets through innovation and technological development[225]. Financial and Taxation Issues - The effective withholding tax rate on dividends attributed to earnings in 2023 was 23.90411%[173]. - Chilean law imposes a 35% withholding tax on cash dividends paid by the company[173]. - The Chilean government has levied taxes amounting to US$986.3 million on SQM Salar for the tax years 2012 to 2023, with ongoing legal challenges regarding these assessments[138]. - SQM Salar recognized a tax expense adjustment of US$1,089.5 million due to the interpretation of a Santiago Court of Appeal ruling, impacting tax years 2012 to 2023[140]. Production Capacity and Achievements - The lithium carbonate production capacity reached 200,000 metric tons by the end of 2023, with expectations to increase to 210,000 metric tons in 2024[201]. - The company achieved IRMA 75 certification for its lithium mining operations in the Salar de Atacama, the highest score worldwide[199]. - The company maintained its inclusion in the Dow Jones Sustainability Indices for the third consecutive year and received a category B climate change rating from the Carbon Disclosure Project[198].

4Q2023 RESULTS PRESENTATION February 2024 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," "strategy," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among ...