Exhibit 99.1
CINER RESOURCES LP

CINER RESOURCES LP ANNOUNCES FOURTH QUARTER AND YEAR ENDED 2020 FINANCIAL RESULTS
Atlanta, Georgia March 15, 2021
-- Ciner Resources LP (NYSE: CINR) (“we”, “us, “our”, or the “Partnership”) today reported its financial and operating results for the fourth quarter ended December 31, 2020.
Fourth Quarter and Year Ended 2020 Financial Highlights:
Net sales of $103.4 million decreased 17.5% over the prior-year fourth quarter; year-end net sales of $392.2 million decreased 25.0% over the prior-year.
Soda ash volume produced and sold decreased 0.3% and 14.8%, respectively, over the prior-year fourth quarter; year-end soda ash volume produced and sold decreased 17.2% and 19.5%, respectively, over the prior-year primarily due to lower demand due to the COVID-19 pandemic.
Net income of $12.7 million decreased $10.0 million over the prior-year fourth quarter; year-end net income of $26.9 million decreased $74.7 million over the prior-year. Net income for the year ended December 31, 2020 was significantly impacted by lower demand due to the COVID-19 pandemic.
Adjusted EBITDA of $21.8 million decreased 31.4% over the prior-year fourth quarter; year-end Adjusted EBITDA of $61.6 million decreased 54.5% over the prior-year. Adjusted EBITDA for the year ended December 31, 2020 was significantly impacted by lower demand due to the COVID-19 pandemic.
Earnings per unit of $0.300 for the quarter decreased 45.5% over the prior-year fourth quarter of $0.550; year- end earnings per unit of $0.580 decreased 76.4% over the prior-year. Net income attributable to the Partnership for the year ended December 31, 2020 was down due to significantly lower net income due to the COVID-19 pandemic.
Net cash provided by operating activities of $2.3 million decreased 93.5% over the prior-year fourth quarter; year-end net cash provided by operating activities of $54.7 million decreased 47.3% over the prior-year.
Distributable cash flow of $5.6 million decreased 39.1% over the prior-year fourth quarter; year-end distributable cash flow of $17.0 million decreased 69.0% over the prior-year due to lower net cash provided by operating activities for the year ended December 31, 2020 which was significantly impacted by the global COVID-19 pandemic.
The distribution coverage ratio was N/A and 1.35 for the three months ended December 31, 2020 and 2019, respectively; and 2.50 and 2.00 for the years ended December 31, 2020 and 2019, respectively.
Oğuz Erkan, CEO, commented: “Our results in the fourth quarter reflected a continued improvement in soda ash markets, highlighted by sequential revenue and adjusted EBITDA growth of 5% and 49%, respectively from the third quarter. Global soda ash demand, which saw dramatic declines during the peak of COVID-19 related shutdowns, continued to normalize in the quarter. Improved demand supported strong production levels totaling 686 thousand tons in the fourth quarter, which was in line with Q4 of 2019. Our industry continues to recover from the pandemic, and we are prepared to participate in a sustained recovery going forward.
As we endured the economic fallout from the COVID-19 pandemic, our year-end financial results understandably declined as compared to our record 2019 performance. Net sales of $392 million in 2020 declined 25% from 2019 and adjusted EBITDA of $62 million fell 55% from the prior year. Amid the challenges faced in 2020, our business performed admirably, reacting quickly to preserve liquidity and reducing operating and capital costs where prudent. The commitment of our workers cannot be overstated as our team diligently adhered to new safety protocols and several optimizing measures in our production plan, operating costs, and distribution strategy, all while also managing the operational complexity involved with our exit from ANSAC.”



The following information was filed by Ciner Resources Lp (CINR) on Monday, March 15, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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