Sign in

    Isabella Simonato Alonso • Bank of America Merrill Lynch

    Isabella Simonato Alonso's questions to Sociedad Quimica y Minera de Chile SA (SQM) leadership

    Isabella Simonato Alonso's questions to Sociedad Quimica y Minera de Chile SA (SQM) leadership • Q2 2025

    Question

    Isabella Simonato Alonso from Bank of America Merrill Lynch asked about the iodine market balance, focusing on the supply outlook and potential bottlenecks for new capacity. She also sought an update on the expected timing for finalizing the Codelco partnership.

    Answer

    Pablo Altimiras, CEO of the Iodine division, noted that SQM is actively adding supply and identified environmental restrictions and planning as key industry bottlenecks. CEO Ricardo Ramos confirmed they are on track to finalize the Codelco deal, stating they are moving fast and expect completion in September or October of the current year.

    Ask Fintool Equity Research AI

    Isabella Simonato Alonso's questions to Sociedad Quimica y Minera de Chile SA (SQM) leadership • Q2 2025

    Question

    Isabella Simonato Alonso from Bank of America Merrill Lynch asked about the iodine supply outlook for the next few years, potential bottlenecks for new supply, and the current timing for the finalization of the Codelco deal.

    Answer

    Pablo Altimiras, CEO of the Iodine Division, noted that SQM is actively increasing supply, but the primary industry bottleneck for new capacity is planning around environmental restrictions. CEO Ricardo Ramos confirmed they are on schedule to finalize the Codelco deal in September or October of the current year.

    Ask Fintool Equity Research AI

    Isabella Simonato Alonso's questions to JBS N.V. (JBS) leadership

    Isabella Simonato Alonso's questions to JBS N.V. (JBS) leadership • Q2 2025

    Question

    Isabella Simonato Alonso of Bank of America questioned the significant difference between IFRS and US GAAP margins in U.S. Pork, asking if quarter-end accounting impacts on inventory valuation understated the segment's operational profitability.

    Answer

    Wesley Batista Filho, CEO of JBS Foods USA, clarified that the business is managed on a US GAAP basis. He reiterated that his forecast for a margin recovery in Q3 is based on operational normalization under US GAAP and is not related to accounting differences between the two standards.

    Ask Fintool Equity Research AI

    Isabella Simonato Alonso's questions to Ambev SA (ABEV) leadership

    Isabella Simonato Alonso's questions to Ambev SA (ABEV) leadership • Q2 2025

    Question

    Isabella Simonato Alonso inquired about the significant Q2 volume decline in Brazil, questioning the factors beyond adverse weather and seeking the basis for confidence in a second-half recovery. She also asked for more details on cost-control initiatives and whether further efficiencies could be realized.

    Answer

    CEO Carlos Eduardo Klutzenschell Lisboa attributed 70% of the industry's volume decline to severe weather, particularly in June, with the remainder due to inflation impacting disposable income. He noted that July trends were already showing significant improvement. CFO Guilherme Fleury de Figueiredo Ferraz Parolari added that cost management focuses on optimizing controllable areas like SKU rationalization and distribution expenses to protect margins while preserving commercial investments.

    Ask Fintool Equity Research AI