Minerals Technologies Inc. · NYSE:MTX
Minerals Technologies — Investor Day (September 2024)
36 slides from Minerals Technologies's investor day presentation, Sep 24, 2024
Slide 1: Innovation Day
Innovation Day September 24, 2024 © 2024 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: Agenda
Agenda ➢ Welcome and introduction ➢ Technology capabilities overview ➢ Bentonite properties overview ➢ Lab tour ➢ Innovation in support of our growth ➢ Q&A
Slide 4: Welcome to Hoffman Estates Research Center
Welcome to Hoffman Estates Research Center • North American center for global bentonite-based research and development • Core technologies: Functional Additives, Particle Surface Modification and Engineered Blends • Supports for Household & Personal Care, High- Temperature Technologies and Environme
Slide 5: A Global Specialty Minerals Company
MINERALS TECHNOLOGIES A Global Specialty Minerals Company $2.2B ~4,000 32 12 Net Sales Employees Countries R&D Centers EMEA Latin ▪ Technology-driven provider of specialty America 24% solutions and applications that are an 3% essential part of your everyday life Asia 16% ▪ Global footprint aligned w
Slide 6: Mineral reserves and R&D centers in all strategic regions
Mineral reserves and R&D centers in all strategic regions Unlocking mineral properties through technological expertise to deliver the highest value to our global customers 12 Global R&D Centers Located in all key regions close to customers Global reserve positions to support local markets Long-term
Slide 7: A Well-Balanced and Well-Positioned Growth Portfolio
A Well-Balanced and Well-Positioned Growth Portfolio CONSUMER & SPECIALTIES $1.2B $1.0B ENGINEERED SOLUTIONS Functional components in a variety of Designed to improve our customers’ consumer and industrial goods manufacturing processes and projects Household & Personal Care 24% High-Temperature Tec
Slide 8: Leading positions and growth supported by strong foundation
Leading positions and growth supported by strong foundation Differentiated Global Core Application Customer Mineral Reserves Technologies Expertise Partnership Culture of Operational Excellence #1 Sustainable leadership positions Long-term sustainable growth in all key markets 8
Slide 9: Leading positions and growth supported by strong foundation
Leading positions and growth supported by strong foundation Differentiated Global Core Application Customer Mineral Reserves Technologies Expertise Partnership Culture of Operational Excellence 9
Slide 10: Unique global mineral reserves for consumer and industrial applications
Unique global mineral reserves for consumer and industrial applications Bentonite • Largest global reserves of sodium and calcium bentonite • Applications range from consumer to industrial Calcium Carbonate • Unique high-quality reserves in North America • Chemistry purity suitable for food and phar
Slide 11: Leading positions and growth supported by strong foundation
Leading positions and growth supported by strong foundation Differentiated Global Core Application Customer Mineral Reserves Technologies Expertise Partnership Culture of Operational Excellence 11
Slide 12: Core technologies aligned with four product lines
Core technologies aligned with four product lines Household & Personal Care High-Temperature Technologies Use of unique minerals and additives to Functiona l Development of tailored blends of specific Engineered deliver functionality to our products and Additives minerals and additives to enhance cu
Slide 13: Leading positions and growth supported by strong foundation
Leading positions and growth supported by strong foundation Differentiated Global Core Application Customer Mineral Reserves Technologies Partnership Expertise Culture of Operational Excellence 13
Slide 14: Utilizing application expertise to develop sustainable products and solutions
Utilizing application expertise to develop sustainable products and solutions Beneficial Attributes Products and Solutions Aligned and Functionalities With Key Trends Household & Personal Care Ad/absorption Natural ✓ Pet and animal health Odor elimination Functional Additives Energy ingredients ✓ Na
Slide 15: Leading positions and growth supported by strong foundation
Leading positions and growth supported by strong foundation Differentiated Global Core Application Customer Mineral Reserves Technologies Expertise Partnership Culture of Operational Excellence 15
Slide 16: Innovation focused on serving unique customer needs
Innovation focused on serving unique customer needs MTI specific customer touch points Direct customer + Intimate knowledge of MTI New Product interactions and customer processes round-tables Development + World renowned applications expertise + World class analytics creating Deep the foundation for
Slide 17: Culture of continuous improvement applied to innovation process
Culture of continuous improvement applied to innovation process New Product Development Process STAGE 1 2 3 4 5 6 Accelerating speed of development IDEA DISCOVERY PLANNING & PILOT TESTING SCALE UP COMMERCIALIZATION GENERATION 1 month PROTOTYPING 3 months 4 months 1 month 2 months GATE GATE GATE GATE
Slide 18: Enabling accelerated long-term growth
..enabling accelerated long-term growth Revenue as % of Sales from New Products* ▪ 300 new products developed and 20% commercialized within last 5 years 18% 18% ▪ Pipeline value from ideation to 16% commercialization >$1B potential 14% 12% revenue 12% 10% ▪ 17% Revenue CAGR** from new 8% 8% products
Slide 19: Focus of today: ~50% of total revenue
Focus of today: ~50% of total revenue Technology and CONSUMER & SPECIALTIES ENGINEERED SOLUTIONS Application Know-How Household & Personal Care High-Temperature Technologies • Pet Care • Foundry Crystal Functional Engineered Particle Sur face • Oil Purification • Monolithic Refractory Engineering Mo
Slide 20: Bentonite: A sorptive mineral that is versatile in applications
Bentonite: A sorptive mineral that is versatile in applications ▪ Weathered volcanic ash TEM Images ▪ Two classes - Sodium bentonite - Calcium bentonite ▪ Significant characteristics & benefits - Montmorillonite platelet structure with negative charge counterbalanced by positive cations - Significan
Slide 21: Core technologies applied to unlock the most value
Core technologies applied to unlock the most value Ads Bentonite orp tio n ▪ Platelet structure with inherent negative charge ts s Pa Filt s en ditive routs int e olu ng a ng rhe oval Geothermal conc low a s counterbalanced by positive metallic cations & d tio nd c ology ad ad ell g Cement aking bon
Slide 22: Lab tour agenda
Lab tour agenda Bentonite properties Research and development capabilities Functional Additives technology applications Functional Additives Pet Care | Animal Health | Oil Purification | Personal Care | Fabric Care Particle Surface Modification Particle Sur face Modification Wastewater Remediation |
Slide 23: Innovation Day: Post Lab Tour Presentation
Innovation Day Post Lab Tour Presentation © 2024 Minerals Technologies Inc. All Rights Reserved.
Slide 24: Focus of today: bentonite-based products and solutions
Focus of today: bentonite-based products and solutions Technology and CONSUMER & SPECIALTIES ENGINEERED SOLUTIONS Application Know-How Household & Personal Care High-Temperature Technologies • Pet Care • Foundry Crystal Functional Engineered Particle Sur face • Oil Purification • Monolithic Refracto
Slide 25: Consumer & Specialties Segment – DJ Monagle, Group President
Consumer & Specialties Segment – DJ Monagle, Group President Technology and CONSUMER & SPECIALTIES CONSUMER & SPECIALTIES Application Know-How Household & Personal Care • Pet Care 5-7% Crystal Engineering Functional Engineered Particle Sur face Modification • Oil Purification CAGR* Additives Blends
Slide 26: Pet Care
Household & Personal Care Pet Care Market Dynamics • Expanding middle class, Millennial & Gen Z owners 56+ 248+ 519 driving growth in pet ownership countries we global different items we • Private label outpacing general market growth ship to customers package • Consumers value functionality and opt
Slide 27: Consumer Specialties
Household & Personal Care Consumer Specialties Market Dynamics • Essential non-cyclical trends including natural products Global Bleaching Renewable Fuels and solutions, edible oils, renewable fuels, animal Earth Market nutrition, anti-aging solutions, dry laundry detergent Biodiesel MTI adoption in
Slide 28: Engineered Solutions Segment – Brett Argirakis, Group President
Engineered Solutions Segment – Brett Argirakis, Group President Technology and ENGINEERED SOLUTIONS ENGINEERED SOLUTIONS Application Know-How High-Temperature Technologies Household & Personal Care • Foundry 3-6% Crystal Engineering Functional Engineered Particle Sur face Modification • Monolithic R
Slide 29: Foundry
High-Temperature Technologies Foundry Market Dynamics • Well-established North American Green Sand Pre-Blended Market Penetration Bonds market Relative Market Size (Width) and Pre-Blended Penetration (%) • Asia foundry market becoming more technically 10% 90% sophisticated Penetration • Need for sus
Slide 30: Water and Remediation Solutions
Environmental & Infrastructure Water and Remediation Solutions Market Dynamics FLUORO-SORB® Adsorbent • Increased awareness of “Forever Chemicals” - Clean drinking water focus • USA EPA regulation limits set for six PFAS compounds in drinking water • Global expansion of PFAS regulations • Increase i
Slide 31: Leading positions and growth supported by strong foundation
Leading positions and growth supported by strong foundation Differentiated Global Bentonite clay highly specialized mineral with physical/chemical properties that Mineral Reserves are versatile across many applications Core Core technologies applied to deliver differentiated solutions tailored to sp
Slide 32: Sustainable long-term organic growth through the cycle
Sustainable long-term organic growth through the cycle Household & Personal Care 7-10% CAGR 4-7% Sales CAGR* ▪ Pet care growth ▪ Market share growth of high-margin specialty products Expansion in Specialty Additives 3-5% CAGR higher growth consumer- ▪ Expansion of sustainable solutions and market sh
Slide 33: 5-Year Targets
5-Year Targets 1 Organic sales growing at 5% CAGR through 2027 2 Margin improvement to 15% by 2025 3 Operating Income growing at 10% CAGR through 2027 4 Continued strong FCF generation of ~7% of Sales 5 Strong balance sheet with flexibility for inorganic growth 33
Slide 34: A global specialty minerals company well positioned for long-term growth
A global specialty minerals company well positioned for long-term growth Technology and Application Know-How Positions across in Crystal Functional Engineered Particle Sur face Deep understanding of customer and industry needs #1 all product lines: - Cat litter, - Paper & packaging, - Foundry & refr
Slide 35: A powerful combination to drive shareholder value
MTI values and culture A powerful Differentiated technologies combination MTI to drive Financial strength Business System shareholder Application value expertise Global mineral reserves
Slide 36: © 2024 Minerals Technologies Inc. All Rights Reserved.
© 2024 Minerals Technologies Inc. All Rights Reserved.
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