Investor Presentaiton
10
FINANCIAL SUMMARY
Revenue
Revenue from sales for Q2 2021 was $5.37M from the sale of 96.2K tonnes of the Product, at $56 per tonne sold.
Despite the 20% Brazilian Real devaluation against the Canadian Dollar, revenue per tonne was higher than Q2 2020 ($35 per tonne sold) mainly
due to three factors:
1. Product volume sold as CIF (Cost Insurance and Freight) increased from 6% of total sales in Q2 2020 to 43% in Q2 2021.
2. Potassium Chloride CIF (Minas Gerais) price increased from US$287-US$303 per tonne in Q2 2020 to US$395-535 per tonne in Q2 2021 (as
per Acerto Limited report).
3. BAKS® has a higher sales price per tonne than the Product, it was launched on Q4 2020 and in Q2 2021 it has accounted for 13% of the total
volume sold.
Profitability
Operating profit before non-cash events increased by 109%, to $1.22M compared to $584K in Q2 2020.
Gross margin increased to 72% in Q2 2021, compared to 62% in Q2 2020.
Sales by volume increased by 35%, to 96.2K tonnes sold compared to 71.2K tonnes sold in Q2 2020.
Cash
Cash held by the Company increased by 214%, to $1.91, compared to $607K in Q2 2020.
Trade and other receivables increased by 259%, to $6.02M compared to $1.67M in Q2 2020.
VERDE
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