Minerals Technologies Inc. · NYSE:MTX

Minerals Technologies — Q1 2025 Earnings Presentation

17 slides from Minerals Technologies's earnings presentation, Apr 25, 2025

  1. Slide 1: First Quarter 2025 Earnings Conference Call

    FIRST QUARTER 2025 EARNINGS CONFERENCE CALL April 25, 2025 © 2025 Minerals Technologies Inc. All Rights Reserved.

  2. 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

  3. Slide 3: Douglas T. Dietrich, Chairman and Chief Executive Officer

    Douglas T. Dietrich Chairman and Chief Executive Officer

  4. Slide 4: First Quarter 2025 Overview

    First Quarter 2025 Overview $492M $63M 12.9% $1.14 Operating Operating Earnings Sales Income Margin Per Share -8% -18% -160bps -23%  Abnormally slow January and February driven by customer order changes  Return to more stable demand in March  Operating margin impacted by lower volumes, unfavorabl

  5. Slide 5: Economic Update: Consumer & Specialties, Engineered Solutions

    Economic Update Q1 Dynamics Current Conditions Consumer & Specialties Household &  Broad-based consumer order pattern shift  More stable order patterns in cat litter Personal Care  Destocking activities across the segment  Continued growth in other consumer-oriented  Extended customer outages a

  6. Slide 6: Erik C. Aldag, Chief Financial Officer

    Erik C. Aldag Senior Vice President, Finance and Treasury and Chief Financial Officer

  7. Slide 7: First Quarter Financial Summary

    First Quarter Financial Summary First Quarter versus Prior Year ($M) First Quarter versus Fourth Quarter ($M) Sales Sales -8% -5% 535 518 5 492 5 492 (11) (6) (25) (37) (2%) (7%) +1% (1%) (5%) +1% Q1 ’24 FX Vol / Mix Price Q1 ’25 Q4 ’24 FX Vol / Mix Price Q1 ’25 Operating Income Operating Income -18

  8. Slide 8: Consumer & Specialties Segment Financial Performance

    CONSUMER & SPECIALTIES SEGMENT Financial Performance Sales First Quarter Summary $285M $279M $275M - Sales Performance $268M • Significant order pattern changes in cat litter, fabric care, and automotive sealants • Lower paper & packaging due to unusually high customer maintenance downtime • Continu

  9. Slide 9: Engineered Solutions Segment Financial Performance

    ENGINEERED SOLUTIONS SEGMENT Financial Performance Sales First Quarter Summary $255M $245M - Sales Performance $239M $224M • Stable market conditions in N. America foundry and steel, still below last year • Continued soft EMEA steel market; additional destocking in Q1 • Stronger foundry volumes in A

  10. Slide 10: Balance Sheet and Capital Deployment

    Balance Sheet and Capital Deployment Working Capital and Capital Deployment Liquidity First Quarter Working Capital Q1 ’25 $528M $569M Cash, Cash Equivalents, and 103 Mainly driven by: $312M 90 • Lower volumes / Short-Term Investments inventory turns Available Revolver $372M • Strategic inventories

  11. Slide 11: Second Quarter Outlook

    Second Quarter Outlook Second Quarter Sales Outlook +5% to +10% +10% to +15% $520M to $535M $520M-$535M +3% to +6% Sales $492M Q1 ’25 Consumer & Engineered Q2 ’25 Specialties Solutions ~$75M Operating Income  Seasonally higher period for construction activity  Continued growth in high-value consum

  12. Slide 12: © 2025 Minerals Technologies Inc. All Rights Reserved.

    © 2025 Minerals Technologies Inc. All Rights Reserved.

  13. Slide 13: Appendix

    Appendix © 2024 Minerals Technologies Inc. All Rights Reserved.

  14. Slide 14: 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

  15. Slide 15: Segment Operating Income Excluding Special Items

    Reconciliation Segment Operating Income Excluding Special Items (millions of dollars) Quarter Ended Mar. 30, Mar. 31, 2025 2024 Segment Operating Income Data Consumer & Specialties Segment $ 27.5 $ 42.0 Engineered Solutions Segment 33.6 38.5 Unallocated Corporate Expenses (221.2) (5.3) Consolidated

  16. Slide 16: Adjusted EBITDA Excluding Special Items

    Reconciliation Adjusted EBITDA Excluding Special Items (millions of dollars) Quarter Ended Mar. 30, Mar. 31, 2025 2024 Net income (loss) attributable to MTI $ (144.0) $ 46.7 Add back: Depreciation, depletion and amortization expense 23.5 23.5 Interest expense, net 14.2 14.9 Equity in earnings of aff

  17. Slide 17: Free Cash Flow

    Reconciliation Free Cash Flow (millions of dollars) Quarter Ended Mar. 30, Mar. 31, 2025 2024 Cash flow from operations $ (4.4) $ 55.9 Capital expenditures 18.3 16.5 Free cash flow $ (22.7) $ 39.4 17

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