Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q2 2020 Earnings Conference Call - Final Transcript

Aug 20, 2020 • 12:00 pm ET

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Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good day and welcome to the SQM Second Quarter 2020 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 that this event is being recorded.

I would now like to turn the conference over to Kelly O'Brien. Please go ahead ma'am.

Executive
Kelly O'Brien

Good morning. Thank you for joining our second quarter 2020 earnings conference call. This conference call will be recorded and is being webcast live. Following this call, you will be able to access the webcast at our Web site www.sqm.com.

Our earnings press release and a presentation with the summary of the results have been uploaded to our Web site, where you can also find a link to this webcast.

Joining our call today as speakers are Ricardo Ramos, CEO; Gerardo Illanes, CFO; and Pablo Altimiras, Vice President of Lithium and Iodine businesses.

Before we begin, we'd like to remind you that statements in this conference concerning the company's business outlook, future economic performances, anticipated profitability, revenues, expenses or other financial items, anticipated cost synergies and product or service line growth, together with other statements that are not historical facts are forward-looking statements as the term is defined under federal securities law. Any forward-looking statements are estimates, reflecting the best judgment of SQM based on currently available information and involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements.

Risks, uncertainties and factors that could affect the accuracy of such forward-looking statements are identified in our public filings made with the U.S. Securities and Exchange Commission and in our earnings release issued last night. And these forward-looking statements should be considered in light of those factors.

We assume no obligation to update such statements whether as a result of new information, future developments or otherwise except as required by laws.

I now leave you with our CEO, Ricardo Ramos.

Executive
Ricardo Ramos

Thank you, Kelly, and good morning. Thank you for joining our earnings call today, our second quarter net income as you know reached approximately 50 million, while uncertainty continuing the markets in which we sell there were also many positive things that I would like to comment before we speak more specifically about the market.

First, we published our annual statements with our sustainability report which complies a significant amount of useful information related to the sustainability of our business. This year was the first time that this report was audited and certified by the third-party. As a global company we are aware of our responsibility to protect the environment and community, when this done, the sustainability means continuous improvement, for that reason we are finalizing an ambitious plan related to the sustainability and we will release our goals in the coming months.

Our team in Chile and around the world as not ceased to impress me. I credit the dedication, hard work and attention to safety and health measures