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 ...

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q4 2023 Earnings Conference Call February 29, 2024 10:00 AM ET Company Participants Irina Axenova – Head of Investor Relations Ricardo Ramos – Chief Executive Officer Gerardo Illanes – Chief Financial Officer Carlos Diaz – Executive Vice President of Lithium Juan Pablo Bellolio – Commercial Vice President of Iodine and Industrial Chemicals Gonzalo Aguirre – Business Intelligence Director Conference Call Participants Isabella Simonato – Bank of America Ben I ...

1 Last twelve months ended September 30, 2023. 2 Market share as of December 31, 2022. Market share percentages have been developed by us using internal and external sources and reflect our best current estimates, which have not been confirmed by independent sources. SQM Potassium 2023 LTM1 Gross Profit US$35M LTM1 Revenues: US$190M $1,595 $1,115 $1,235 • Industrial potassium nitrate market prices should follow the trends seen in the agricultural sector. ended September 30, 2023, reached ~US$2.4 billion. | ...

Financial Data and Key Metrics Changes - The company reported close to $1.3 billion in revenues from the lithium business, approximately 10% lower compared to the previous quarter, primarily due to significantly lower realized sales prices, partially offset by record high sales volumes of over 43,000 metric tons during the quarter [22] - In the iodine business, revenues exceeded $210 million for Q3 2023, driven by a strong pricing environment with sales prices close to $70 per kilogram [23] Business Line Data and Key Metrics Changes - The fertilizer business generated nearly $300 million in revenues during Q3, supported by positive demand growth expected to continue into 2024 [11] - The lithium carbonate capacity in Chile reached 200,000 metric tons per year, with an expected completion of expansion to 210,000 metric tons by early 2024, almost a year earlier than anticipated [24] Market Data and Key Metrics Changes - The company noted a downward price trend for lithium that began at the start of the year, which is expected to continue for the remainder of 2023 due to excess inventories and additional supply entering the market [10] - The demand fundamentals for lithium remain strong, with an expected annual average growth of over 20% for the next five years, despite some softening of demand outside China [38] Company Strategy and Development Direction - The company is focused on sustainable operations and has received international recognition for its commitment to sustainability, achieving the highest score to date from IRMA [12] - The company is actively engaged in negotiations with CODELCO, emphasizing the importance of sustainability and environmental goals in their operations in the Salar de Atacama [15][31] Management's Comments on Operating Environment and Future Outlook - Management expressed that while there are challenges in the short term due to excess inventories, they remain optimistic about long-term growth driven by EV production and sales volume targets [10] - The company is prepared to build inventory in the coming quarters and is focused on maintaining production at maximum capacity while being disciplined in response to market conditions [27] Other Important Information - The company has been working on the Salar Futuro project for nearly three years, aiming for hydric neutrality in the Salar de Atacama Basin [31] - The company has made investments in DLE technology through a partnership with a French company, Adionics, to enhance its lithium production capabilities [60] Q&A Session Summary Question: Production and Inventory Management - Management confirmed that they are building inventory and are prepared to continue this strategy in the upcoming quarters [27] Question: Negotiations with CODELCO - Management highlighted the complexity of negotiations with CODELCO, focusing on environmental restrictions and sustainability goals [15][31] Question: Lithium Production Capacity and Costs - The company expects to reach 210,000 metric tons of lithium production capacity by early 2024 and is working on reducing costs through increased yield and efficiency [33][34] Question: Market Pricing and Demand - Management acknowledged the current downward pressure on lithium prices due to excess inventories but remains confident in long-term demand growth [38] Question: Future Production and Sustainability - Management reiterated that any future production increases will be contingent on maintaining sustainability and environmental goals [50][51]

Ben Isaacson And how much volume are we talking about? Felipe Smith I'm sorry, I cannot disclose the details. We only disclose in the case of LG that it is more than 100,000 for the period 2023-2029, but that's it. We cannot comment for the rest. Sorry, Ben. Ben Isaacson Pablo Altimiras Yes. Hi, Ben, Pablo Altimiras is speaking. Well, that's true. I mean, prices are in a high range today. Why we don't see supply? Well, I would say that because to produce iodine, it's not so easy. We are talking about -- in ...