Sociedad Química y Minera de Chile (SQM) Corporate Presentation summary

Financial performance and business overview

• Last twelve months (LTM) revenues reached $4.8 billion, with adjusted EBITDA of $1.6 billion and a 33% margin; net financial debt to adjusted EBITDA at 1.4x.

• Second quarter 2024 revenue was $1,077 million, with gross profit of $281 million and adjusted EBITDA of $327 million; all key metrics declined year-on-year due to lower prices, especially in lithium.

• Lithium and derivatives contributed 47% of gross profit, iodine and derivatives 37%, specialty plant nutrition 12%, potassium 2%, and industrial chemicals 2%.

• Global sales are diversified: Asia & Others 62%, North America 15%, Europe 15%, Latam & Caribbean 5%, Chile 4%.

Key business segments and market trends

• Lithium: LTM revenues $2.5B, gross profit $670M; record sales volumes but average prices down 67% year-on-year; 2024 sales volumes expected at 190,000–195,000 MT.

• Iodine: LTM revenues $961M, gross profit $530M; strong demand and high prices, with 2024 sales volumes expected to surpass 14,500 MT.

• Specialty plant nutrition: LTM revenues $941M, gross profit $172M; demand and sales volumes recovering, with expected 20% volume growth in 2024.

• Potassium: LTM revenues $256M, gross profit $33M; market recovery with stable prices and 2024 sales volumes expected at 620,000 MT.

• Industrial chemicals: LTM revenues $80M, gross profit $31M; stable outlook with flat sales volumes and relatively stable prices.

Strategic initiatives and sustainability

• Committed to sustainability with targets: 40% continental water reduction by 2030, 65% by 2040; carbon neutral lithium by 2030, all products by 2040; brine extraction and waste reduction by 50% by 2030 and 2025, respectively.

• Member of multiple global sustainability initiatives, including UN Global Compact, Global Battery Alliance, and Dow Jones Sustainability Indexes.

• Integrated lithium production across Chile, Australia, and China, with total installed LCE capacity expected to reach 305,000 MT by end-2025; $1.7B capex planned for 2024–2025.

• Iodine and nitrates expansion projects in Chile, with $700M capex planned for 2024–2025.