Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q2 2023 Results Conference Call August 17, 2023 12:00 PM ET

Company Participants

Irina Axenova - Head, IR

Ricardo Ramos - CEO

Gerardo Illanes - CFO

Carlos Díaz - EVP, Lithium

Felipe Smith - Commercial VP, Lithium

Pablo Altimiras - EVP, Nitrates & Iodine

Conference Call Participants

Isabella Simonato - Bank of America

Ben Isaacson - Scotiabank

Rafael Barcellos - Banco Santander

Joel Jackson - BMO Capital Markets

Corinne Blanchard - Deutsche Bank

Lucas Ferreira - JPMorgan

Operator

Good morning. And welcome to the SQM Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Irina Axenova, Head of Investor Relations. Please go ahead.

Irina Axenova

Thank you. Good morning. Thank you for joining SQM's earnings conference call for the second quarter of 2023. This conference will be recorded and is being webcast live. Our earnings press release and presentation with a summary of the results have been uploaded to our website, where you can also find a link to the webcast.

Speaking on the call today will be Ricardo Ramos, our Chief Executive Officer; and Gerardo Illanes, Chief Financial Officer. Carlos Díaz, Executive Vice President of Lithium; Felipe Smith, Commercial Vice President of Lithium; and Pablo Altimiras, Executive Vice President of Nitrates & Iodine will also be available to answer any questions.

Before we begin, I would like to remind you that statements made in this conference call regarding our business outlook, future economic performance, anticipated profitability, revenues, expenses and other financial items, along with expected cost synergies and product or service line growth, are considered forward-looking statements under federal securities laws. These statements are not historical facts and may be subject to changes due to new information, future developments or other factors. We assume no obligation to update these statements, except as required by law. For a complete forward-looking statement, please refer to our earnings press release and presentation.

I now leave you with our Chief Executive Officer, Ricardo Ramos.

Ricardo Ramos

Thank you, Irina. Good afternoon, everyone, and thank you for being on the call today.

Yesterday, we published our second quarter 2023 earnings report, and I would like to highlight the positive impact of significantly high sales volumes in Lithium business and continued strong performance in Iodine business seen during the quarter. Lithium business, we reported record high quarterly sales volumes, which surpassed 43,000 metric tons, driven by strong customer demand recovery and positive market outlook.