Company: SQM
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000909037-25-000020
Chunk: 150

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-24
Form: 20-F
Item: Item 5
Chunk 150
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 dollar and which had, as of December 31, 2024, a market value of US$15.4 million against SQM.
Environmental and Occupational Safety and Health Projects
We spent approximately US$47.2 million on environmental, safety and health projects in 2024. This amount forms part of the capital expenditure program discussed above.
Non-IFRS Financial Measures
This Form 20-F makes reference to certain non-IFRS financial measures, namely Net Financial Debt, EBITDA and adjusted EBITDA. These non-IFRS financial measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS.
Net Financial Debt (NFD)
Net Financial Debt represents Other Current Financial Liabilities + Non-current Financial Liabilities - Cash and Cash Equivalent - Other Current Financial Assets - Other Non-current Hedging Assets. NFD is a financial metric used by management as a tool for assessing the Company's financial health and its ability to manage its debt obligations. When considering new investments or expansion opportunities, management may use NFD/Adjusted EBITDA ratios to assess the impact of additional debt on the company's overall financial position and its ability to generate sufficient earnings to cover debt obligations. NFD/Adjusted EBITDA ratios are also used in communications with stakeholders, such as investors, creditors, and analysts, to provide insight into the company's financial stability and its ability to generate earnings relative to its debt levels.

                                                                                                         For the year ended December 31,
                                                                    2024                            2023                            2022
(+) Other Current Financial Liabilities                          1,163.5                    1,256.5                           523.0     
(+) Other non-current Financial Liabilities                      3,600.5                    3,213.4                         2,394.2     
(-) Cash and Cash Equivalent                                     1,377.9                    1,041.4                         2,655.2     
(-) Other Current Financial Assets                               1,079.6                    1,325.8                           961.4     
(-) Other Non-current Hedging Assets                                 3.0