Start Time: 08:30 January 1, 0000 9:19 AM ET

ICL Group Ltd (NYSE:ICL)

Q1 2023 Earnings Conference Call

May 10, 2023, 08:30 AM ET

Company Participants

Raviv Zoller - President and CEO

Aviram Lahav - CFO

Peggy Reilly Tharp - VP, Global IR

Conference Call Participants

Alexander Jones - Bank of America

Mubasher Chaudhry - Citi

Ben Theurer - Barclays

William Tang - Morgan Stanley

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the ICL Analyst Conference Call. Our presentation today will be followed by a question-and-answer session. [Operator Instructions]. I must advise you that this call is being recorded today.

I'd like to hand the call over to our first speaker today, Peggy Reilly Tharp, Vice President of Global Investor Relations. Please go ahead, ma'am.

Peggy Reilly Tharp

Thank you. Hello, everyone. I'm Peggy Reilly Tharp, Vice President of Global Investor Relations. I'd like to welcome you and thank you for joining us today for our quarterly earnings call. The event is being webcast live on our Web site at icl-group.com.

Earlier today, we filed our reports with the securities authorities and the stock exchanges in the U.S. and in Israel. Those reports, as well as the press release, are available on our Web site. There will be a replay of the webcast available after the meeting and a transcript will be available shortly thereafter. The presentation which will be reviewed today is also filed with the securities authorities and is available on our Web site. Please be sure to review the disclaimer on Slide 2.

Our comments today will contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are not guarantees of future performance. The company undertakes no obligation to update any financial information discussed on this call at any time.

We will begin with the presentation by our CEO, Mr. Raviv Zoller, followed by Mr. Aviram Lahav, our CFO. Following the presentation, we will open the line for the Q&A session. Raviv, please.

Raviv Zoller

Thanks, Peggy, and welcome, everyone. Earlier today, we announced once again solid first quarter results. And our brief overview starts on Slide 3. Sales for the quarter were $2.1 billion, down 17% versus the sales we reported this time last year, which were significantly influenced by sanctions on Belarus and the global reaction to the Ukraine war.