SQM reports revenue for the three months ended March 31, 2021

Santiago, Chile, May 19, 2021 / PRNewswire /-

Emphasize

• SQM reports net income for the three months ended March 31, 2021 of 68 million USD, compared to 45 million USD The same period in 2020.
• Income as of three months March 31, 2021 Yes $528.5 million.
• The adjusted EBITDA margin for the first three months of 2021 reached 31.2%.
• Total earnings per share New Taiwan Dollar $ 0.26 As of three months March 31, 2021.
• SQM will hold a conference call to discuss these results Thursday, May 20, In 12:00 p.m. EST (12:00 PM Chile time).

Participant dial-in (toll free): 1-855-238-1018
Participant international dial-in: 1-412-542-4107
Webcast: https://services.choruscall.com/links/sqm210520.html

Sociedad Químicay Minera de Chile SA (SQM) (New York Stock Exchange:Quality management, San Diego Stock Exchange: SQM-B, SQM-A)) report Today’s earnings As of three months March 31, 2021 of 68 million USD (New Taiwan Dollar $ 0.26 Per share) 45 million USD (New Taiwan Dollar $ 0.17 Per share) reported as of three months March 31, 2020. gross profit Arrivals $136.6 million Three months ending income (accounting for 25.9% of income) March 31, 2021, compared to 107.7 million USD (27.5% of revenue), as of three months March 31, 2020. Turnover total $528.5 million As of three months March 31, 2021, An increase of 34.8% compared to the previous year USD 392.0 Report up to three months March 31, 2020.

CEO of SQM, Ricardo Ramos“Due to the increase in sales of almost all business units, our revenue in the first quarter of this year increased by about 50% compared to the same period last year. At the same time, we have seen that each of our business units has witnessed the growth of the iodine market. Recovery, compared with the previous quarter, the sales of iodine increased by 30%; in addition, with the increase in the price of most fertilizers and global demand, we have also received good news from the fertilizer business field. Due to good farmer economics, The SPN business unit has the highest revenue in the past two years.”

He continued: “In the past few months, in the lithium industry, we have only seen positive news. We have seen strong demand growth for electric vehicles in the first quarter, which has more than tripled compared to the same period last year. , Which leads us to believe that the annual demand for lithium chemicals may increase by more than 30%, exceeding previous expectations. As expected, the price reached an inflection point in the fourth quarter of 2020. We reported the price increase in the first quarter of this year. We think this will accelerate the expiration of the sales contract, and the rest of the year will be quarter after quarter. Chile It is proceeding ahead of schedule. Therefore, we expect the sales of lithium products to exceed 85,000 metric tons this year.

We are proud to be able to do all of this and at the same time strengthen our position as the most sustainable lithium producer in the world. “

Mr. Ramos finally said: “Last month, we successfully completed a capital increase procedure. $1.1 billion. This capital increase will enable us not only to continue the previously announced expansion projects, but also to seize the many opportunities that the lithium business will provide in the near future and strengthen our position in the iodine, SPN and solar salt businesses. ”

About SQM

SQM is a company listed on the New York Stock Exchange and the San Diego Stock Exchange (NYSE:Quality management, San Diego Stock Exchange: SQM-B, SQM-A)). SQM develops and produces diversified products, such as health, nutrition, renewable energy, and technology for multiple industries that are essential for human progress through innovation and technological development. We aim to maintain our world leading position in the lithium, potassium nitrate, iodine and hot melt salt markets through the following methods:

• Ensuring access to the best assets related to our current business by expanding our global business;
• Actively looking for attractive minerals, so that we have diversified opportunities to replicate and expand existing mining capabilities;
• Strengthen our operations, logistics and business excellence processes from start to finish, while striving to be a cost leader; and
• Maintaining a conservative financial policy allows us to successfully withstand economic cycles that may affect our sales market.

We are a company established and managed with a culture based on excellence, safety, sustainability and integrity. We work every day to expand this culture by attracting, retaining and developing talent, and encourage an inclusive and diverse work environment to ensure the unique knowledge and innovation required to maintain our business. We strive to achieve safe and accident-free operations by promoting behaviors that are conducive to the personal safety and mental health of everyone who works directly or indirectly in the company.

We position ourselves as a leader in sustainable development and are committed to a sustainable future. Here we will continue to strive to manage natural resources in a responsible manner, protect human rights, care about the environment, and establish close harmony with our neighboring communities. Trust the relationship and create value. In these communities, we focus on education, business development, and protection of the environment and historical heritage, supporting projects and activities. Through the established business model and the production and development of differentiated products that can meet the specific needs of the industry and market, we create value for customers, and continue to create and provide sustainable improvements in the quality of life. We will continue to create value for all stakeholders through responsible natural resource management, sustainable development projects and improvement of our existing operations, and we are committed to maximizing our carbon, energy and water footprints by reducing our carbon, energy and water footprints and working with us Reduce the impact on the environment to a great extent. Shareholders, employees, customers, suppliers and communities.

For more information, please contact:

Gerardo Illanes 56-2-24252022 / gerardo.illanes@sqm.com
Kelly O’Brien 56-2-24252074 / kelly.obrien@sqm.com
Irina Axenova 56-2-24252280 / irina.axenova@sqm.com

For media inquiries, please contact:

Maria Ignacia Lopez / ignacia.lopez@sqm.com
Pablo Pisani / pablo.pisani@sqm.com
Picture of Tamara Rebolledo / tamara.rebolledo@sqm.com (Northern region)

Warning note regarding forward-looking statements

This press release contains “forward-looking statements” as defined by the safe harbor provisions of the “Private Securities Litigation Reform Act of 1995.” Forward-looking statements can be used such as “expects”, “plans”, “believes”, “estimates”, “expects”, “strategies”, “should”, “will” and similar references to future periods. Examples of forward-looking statements include (among other things) our company’s capital expenditures, sources of financing, sustainability plans, business prospects, future economic performance, expected profitability, revenue, expenses or other financial items, expected cost synergies and products Or the growth of service lines.

Forward-looking statements are neither historical facts nor guarantees of future performance. Rather, they are estimates based on the best judgment of SQM management reflected in the currently available information. Since forward-looking statements are related to the future, they involve many risks, uncertainties and other factors beyond our control, which may cause actual results to differ materially from those stated in such statements, including our successful implementation of the sustainability report Ability. Development Plan. Therefore, you should not rely on any of these forward-looking statements. Readers are invited to refer to the documents submitted by SQM to the US Securities and Exchange Commission, especially the latest annual report on Form 20-F, which identifies other important risk factors that may cause actual results to differ from those contained in forward-looking reports. It looks like a statement. All forward-looking statements are based on information available to SQM as of this date, and SQM does not undertake to update such statements due to new information, future developments or other reasons, unless otherwise required by law.

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Source SQM