Kyle Caunt's questions to ICL Group (ICL) leadership • Q4 2022
Question
Kyle Caunt from Citi requested a breakdown of the 2023 specialty business guidance, which projects a decrease to $1.1 billion from $1.6 billion in 2022. He also asked for the implied potash average selling price (ASP) used in the 2023 commodities guidance.
Answer
President and CEO Raviv Zoller explained that the 2023 specialty guidance reflects Industrial Products performance returning to 2021 levels and other specialty segments reverting to more normalized 2021 margins. For commodities, Zoller provided a high-level calculation suggesting the guidance implies a potash ASP close to $500 per ton for 2023.