SQM(US:SQM)2022-08-19 19:19Financial Performance - Q2 2022 - SQM's revenue reached $2,599 million, a 29% increase compared to Q1 2022 and a 342% increase compared to Q2 2021[7] - Lithium revenue was $1,847 million, showing a 28% increase Q-on-Q and a significant 1,033% increase Y-on-Y[7] - Net income was $82d million, up 8% Q-on-Q and 857% Y-on-Y[7] - Adjusted EBITDA was $1,325 million, a 12% increase Q-on-Q and a 237% increase Y-on-Y[7] Business Line Performance - Lithium average price increased by approximately 701% Y-on-Y, while sales volumes increased by approximately 41%[10] - Iodine average price increased by approximately 58% Y-on-Y, and sales volumes increased by approximately 11%[10] - SPN average price increased by approximately 96% Y-on-Y, but sales volumes decreased by approximately 22%[10] - Potassium average price increased by approximately 222% Y-on-Y, while sales volumes increased by approximately 4%[10] Market Outlook - The global lithium chemical market is expected to grow by over 35% in 2022[19] - SQM anticipates selling at least approximately 145,000 tons of lithium in 2022[20] - The global iodine market is expected to grow by approximately 1-2% in 2022[23] - Agricultural potassium nitrate market demand is expected to decrease by approximately 10% in 2022 due to high prices[25]