 The war in Ukraine, the food insecurity fears, the Russian fertilizer export ban, and the wests sanctions against Belarus potash are the main drivers of ICLs profitability in 2022. ICLs gross margin, operating margin, and adjusted EBITDA margin, increased from 32.8, 12.3, and 20 in 1Q 2021 to 49.3, 35.7, and 39.7 in 1Q 2022, respectively. 