It is a pleasure for me to greet you within the framework of this new edition of the Profertil Annual Report and Financial Statements. In this document, faithful to the transparency that characterizes our history of more than 22 years, we inform our Company’s financial results. This allows us to open the dialog and share the main milestones of the teams and areas that make up our company.
Undoubtedly, the feeling today is one of permanent change. In Profertil, we live this change as adaptation and evolution. We believe that this is the only way to stay current, to continue being relevant to the agro industrial chain with the goal to nourish the land in a sustainable way to produce more and better food.
The pandemics trained us intensively for change, which in 2022 continued forcing us to rethink our corporate practices and habits. Actually, Profertil has always been open to change and has always been attentive to identify the next steps to further enhance the reliability of the plants and its terminals.
Along this line, in 2022, our structure welcomed two new managements that underpin the path we have been following: the Supply Chain Management and the Strategy and Sustainable Development Management. The first aims to unify Profertil’s supply processes to increase coordination and efficiency. The second, on the other hand, seeks to manage the sustainability strategy in a crosscutting manner, looks for opportunities with a triple impact vision: environmental, social, and economic. Both managements will be key to Profertil’s immediate future.
The 22 years that Profertil has been producing granulated urea are reflected today in a work team that has learned a lot about this industry and whose results have an impact on a unique 2022, with historical records in production, dispatch, invoicing, and net profit. Urea and ammonia production records have been even beyond design. Thus, we reached 1,377,821 tons of granulated Urea and 840,759 tons of ammonia. I firmly believe that we have reached these milestones because we have a team that has been working for more than two decades with earnest and professionalism, learning from setbacks and making improvements for the future. This is why I congratulate all the great Profertil team.
It has also been a very good year in terms of environmental management: Profertil recertified the IFA, Protect & Sustain program. IFA is the International Fertilizer Association and the program we recertified is one of the most demanding in the world. It analyzes the environmental performance of fertilizer companies around the world, and Profertil passed with a score of 95% and no reportable environmental incidents since the first certification three years ago. This type of acknowledgment is relevant because it places us in an elite line of companies worldwide.
In 2022, in line with our objective to lead in innovative practices we have launched the Diversity and Inclusion Board, which is complemented by the Diversity and Inclusion Community, made up of representatives from each of the Company’s areas. These two teams will work on a joint agenda focused on improving, strengthening and expanding the scope of actions related to this topic.
Regarding the relationship with the community, Profertil continues to set trends and benchmark best practices for all companies. In 2022, I would especially highlight the 10th anniversary of the Creciendo in Comunidad (Growing in Community) program. This initiative is carried out in Bahía Blanca and Ingeniero White, working with community leaders to leave installed capacity in their organizations. During 10 years, this program has proven to have a great transforming power, fostering the growth of each of the participating institutions and an enormous synergic potential in the interaction of the different actors. It is also important to highlight what happened this year with our scholarship program, Educate to Transform: we have doubled the number of scholarship recipients, seeking that students of the Technical Education School N° 1 from Ingeniero White and the Technical Degree on Industrial Operations of the Universidad Nacional del Sur (UNS) are accompanied during their training and academic development.
Finally, as you all know, we continue to take steps in pursuit of the +UREA project. The objective is to double the production capacity of our plant to meet the demand for the most important nitrogen fertilizer available to agriculture for food production. There is still a long way to go, but we will continue to move forward at a steady pace, with our characteristic reliability.
We continue, from here, working to nourish the soil in a sustainable way. We know that this is the only way to do this, for the sake of current nutrition and to the benefit of the future generations and the entire planet. Our commitment is reaffirmed year after year, wherever a Profertil person works, from the production plant to the field.