Sociedad Quimica y Minera S.A.

Good day and welcome to the SQM third quarter 2020 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would like now to turn the conference over to Kaylee O'Brien, Head of Investor Relations. Please go ahead.

Good morning. Thank you for joining SQM's third quarter 2020 earnings conference call. This conference call will be recorded and is being webcast live. Following this call, you'll be able to access the webcast at our website, www.sqm.com. Our earnings press release and a presentation with a summary of the results have been uploaded to our website. Joining the call today's speakers are Ricardo Ramos, CEO, Gerardo Illanes, CFO, and Pablo Altimiras, Vice President of Lithium and Ionide Businesses. Before we begin, let me remind you that statements in this conference concerning the company's business outlook Future economic performances, anticipated profitability, revenues, expenses, and 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 security laws. 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, including our ability to successfully implement the Sustainable Development Plan. Risk, 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 with our earnings release issued today, and these forward-looking statements should be considered in light of those factors. We assume no obligation to update such statements Thank you, Kelly. Good morning.

Thank you for joining our earnings call today. Our gross profit, as you know, was approximately $115 million, similar to average gross profit during the first half. Our average iodine prices held steady, and our sales volumes in the lithium business line were at Over 40% compared to the last quarter and almost 60% higher than what we saw in the third quarter last year. This month, we have been very busy and dedicated to our efforts related to sustainability. Last month, we proudly announced our sustainability development plan, which includes voluntary expanding our monitoring system, promoting better and more profound conversations with neighboring communities, and becoming carbon neutral and reducing water by 65% and brine extraction by 50%. As part of this plan, we also made a goal of obtaining international certifications and participating in international sustainability indexes. In September, we began the self-assessment process in the Salar de la Cama under IRMA. which is the first step in the certification process for this strict standard and last week we were accepted into the Dow Jones Sustainability Index Chile and the Dow Jones Sustainability Index Mila, Pacific Alliances Index. We have always been committed to environmental protection and social responsibility and now we feel prepared and proud to share our commitments and goals with all of you. I invite you to visit our company website to learn more about the Sustainability Development Plan, an online monitoring system, and I encourage you to reach out to us with any questions or concerns about this plan. I will now pass the call to Pablo Altimira, who will comment more on the iodine and lithium markets.