Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q3 2024 Earnings Conference Call November 20, 2024 10:00 AM ET

Company Participants

Isabel Bendeck - Investor Relations
Ricardo Ramos Rodríguez - Chief Executive Officer
Gerardo Illanes - Chief Financial Officer and VP of Finance
Carlos Diaz Ortiz - CEO of SQM Salar
Mark Fones - CEO of SQM International Lithium
Felipe Smith - Commercial Vice President of SQM Salar
Pablo Hernandez - Senior Director of Business Strategy and Development, SQM Salar
Pablo Altimiras - CEO of Iodine & Nitrates
Juan Pablo Bellolio - Commercial Vice President of Iodine and Industrial Chemicals

Conference Call Participants

Joel Jackson - BMO Capital Markets
Ben Isaacson - Scotiabank
Corinne Blanchard - Deutsche Bank
Gabriel Simões - Goldman Sachs
César Pérez-Novoa - BTG Pactual

Operator

Good afternoon, and welcome to the SQM Third Quarter 2024 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 Isabel Bendeck, Investor Relations. Please go ahead.

Isabel Bendeck

Thank you, operator. Good afternoon and thank you for joining SQM's earnings conference call for the third quarter of 2024. This conference call 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.

Ricardo Ramos, our Chief Executive Officer, will be speaking on the call today. Gerardo Illanes, our Chief Financial Officer; Carlos Diaz, CEO of SQM Salar; Mark Fones, CEO of SQM International Lithium; Felipe Smith, Commercial Vice President of SQM Salar; Pablo Hernandez, Senior Director of Business Strategy and Development of SQM Salar; Pablo Altimiras, CEO of Iodine & Nitrates; and Juan Pablo Bellolio, Commercial Vice President of Iodine and Industrial Chemicals, are also available to answer any questions.

Before we begin, I would like to remind you that some statements made during this conference call regarding our business outlook, future economic performance, anticipated profitability, revenues, expenses and other financial items are considered forward-looking statements. Please note that the same cautionary language used in our press release and presentation also applies to this call.

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

Ricardo Ramos Rodríguez

Hi, thank you. Good afternoon, everyone and thank you for joining us today. We have published our third quarter 2024 financial results with positive volume growth in almost all our business lines compared to last year. Specialty Plant Nutrition has shown solid dynamics with a market size recovery. Volumes in this business line grew more than 20% year-on-year, increasing our revenues by more than 12% despite lower prices seen during this period. We are positive in the specialty fertilizer market and foresee stable price behavior in the midterm.