Slide 1: Second Quarter 2026 Earnings Conference Call
SECOND QUARTER 2026 EARNINGS CONFERENCE CALL July 31, 2026 © 2026 Minerals Technologies Inc. All Rights Reserved.
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures This presentation may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenue
Slide 3: Douglas T. Dietrich
Douglas T. Dietrich Chairman and Chief Executive Officer
Slide 4: Second Quarter 2026 Overview
Second Quarter 2026 Overview Sales momentum continues; on track for full year MSD growth 7% sales growth in H1’26 Consumer & Specialties’ growth projects on track $548M $75M Sales Operating Income Strong performance in Engineered Solutions Higher energy, transportation, and raw material co
Slide 5: Erik C. Aldag
Erik C. Aldag Senior Vice President, Finance and Treasury and Chief Financial Officer
Slide 6: Financial Summary
Financial Summary Second Quarter 2026 versus Prior Year ($M) First Half 2026 versus Prior Year ($M) Sales Sales +4% +7% + 11 548 + 24 1,095 + 12 + 26 529 + 15 + 10 +1 1,021 (4) Q2 ’25 H&PC Spec Adds HTT Env & Inf Q2 ’26 H1 ’25 H&PC Spec Adds HTT Env & Inf H1 ’26 Consumer Engineered Consumer Engineer
Slide 7: Financial Performance: Consumer & Specialties Segment
CONSUMER & SPECIALTIES SEGMENT Financial Performance Sales Performance Summary Second Quarter First Half Household & Personal Care -1% +5% Q2 global cat litter sales similar YoY; YTD sales up 9% $278M $275M $546M $571M Edible oil & renewable fuel purification expansion achieved target production
Slide 8: Financial Performance: Engineered Solutions Segment
ENGINEERED SOLUTIONS SEGMENT Financial Performance Sales Performance Summary Second Quarter First Half High-Temperature Technologies +9% +10% Q2 and YTD sales up 7% YoY $251M $274M $524M - N. America steel remained on its solid growth track; $475M Improved pull from steel customers in Europe - Str
Slide 9: Balance Sheet and Capital Deployment
Balance Sheet and Capital Deployment Liquidity Cash Flow and Capital Deployment Q2 ‘26 Cash, Cash Equivalents, and Short- $346M Term Investments YTD ’26 YoY Available Revolver $385M Total Liquidity $731M Cash Flow from Operations $95M +$37M Capital Expenditures $50M +$3M Debt and Leverage Net Debt F
Slide 10: Third Quarter Outlook
Third Quarter Outlook ~$550M Consumer & Specialties sales +3-5% YoY Sales - Cat litter growth momentum resumes - Acceleration of sales from natural oil purification ~$75M expansion - Slow demand in residential construction persists Operating Income Engineered Solutions sales +3-5% YoY $1.55 - $1
Slide 11: Douglas T. Dietrich
Douglas T. Dietrich Chairman and Chief Executive Officer
Slide 12: Sustainability Is Part of MTI's DNA
Sustainability Is Part of MTI’s DNA Published 2025 Sustainability Report Record safety performance Achieved and exceeded all 12 of our environmental targets from 2018: - 34% reduction in Scope 1 - 42% in Scope 2 - 70% reduction in coal usage, transitioned >30% of fuel oil to renewable - 44% reductio
Slide 13: 2026 Investor Day
2026 Investor Day Date: September 22, 2026 Location: R&D facility in Bethlehem, PA Event format: • Webcast of management presentation and live Q&A • For in-person attendees, tour of our R&D facility and overview of our technologies and innovation pipeline To attend in person: reach out to Lydia Kopy
Slide 14: © 2026 Minerals Technologies Inc. All Rights Reserved.
© 2026 Minerals Technologies Inc. All Rights Reserved.
Slide 15: Net Income and Diluted EPS Excluding Special Items
Reconciliation Net Income and Diluted EPS Excluding Special Items The information set forth in the Analyst Presentation presents financial measures of the Company that exclude certain special items, and are therefore not in accordance with GAAP. The following is a presentation of the Company’s non-G
Slide 16: Segment Operating Income Excluding Special Items
Reconciliation Segment Operating Income Excluding Special Items (millions of dollars) Quarter Ended Six Months Ended Jul. 5, Apr. 5, Jun. 29, Jul. 5, Jun. 29, 2026 2026 2025 2026 2025 Segment Operating Income (Loss) Consumer & Specialties Segment $ 29.3 $ 32.5 $ 34.0 $ 61.8 $ 61.5 Engineered Solutio
Slide 17: Adjusted EBITDA Excluding Special Items
Reconciliation Adjusted EBITDA Excluding Special Items (millions of dollars) Quarter Ended Six Months Ended Jul. 5, Apr. 5, Jun. 29, Jul. 5, Jun. 29, 2026 2026 2025 2026 2025 Net income (loss) attributable to MTI $ (183.6) $ 36.2 $ 45.4 $ (147.4) $ (98.6) Add back: Depreciation, depletion and amorti
Slide 18: Free Cash Flow and Adjusted Net Leverage
Reconciliation Free Cash Flow and Adjusted Net Leverage (millions of dollars) Quarter Ended Six Months Ended Jul. 5, Apr. 5, Jun. 29, Jul. 5, Jun. 29, 2026 2026 2025 2026 2025 Cash flow from operations $ 63.0 $ 32.1 $ 62.9 $ 95.1 $ 58.5 Capital expenditures 27.2 23.1 29.1 50.3 47.4 Free cash flow $