Minerals Technologies Inc. · NYSE:MTX
Minerals Technologies — Q1 2021 Earnings Presentation
13 slides from Minerals Technologies's earnings presentation, May 7, 2021
Slide 1: First Quarter 2021 Conference Call
May 7, 2021 GLOBAL F FIRST QUARTER 2021 CONFERENCE CALL
Slide 2: Forward Looking Statements & Non-GAAP Measures
FORWARD LOOKING STATEMENTS & 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, revenues
Slide 3: Douglas Dietrich, Chairman and Chief Executive Officer
GLOBAL « DOUGLAS DIETRICH Chairman of the Board and, Chief Executive Officer PEOPLE-FOCUSED e e SAFETY e MINERA
Slide 4: First Quarter 2021 Highlights
FIRST QUARTER 2021 HIGHLIGHTS $59M $1.17 $51M Operating Earnings Per Cash from Income* Share* Operations +1% +4% +68% Market Highlights Sales Highlights (YoY) Operating Highlights * Strong Demand in Auto, * Household, Personal Care, * Strong Segment Margins Residential Construction, and Specialty +1
Slide 5: Matthew Garth, Chief Financial Officer
GLOBAL e PEOPLE-FOCUSE . MATTHEW GARTH Chief Financial Officer e SAFETY e
Slide 6: First Quarter 2021 Financial Highlights
FIRST QUARTER 2021 FINANCIAL HIGHLIGHTS Sales, $M ce Nee ci 49 452.6 : 195 ~ a a, Sales ($M) 417.5 | 452.6| +8% B - Gross Margin (%) 25.6 24.7 | (90)bp g Q1’20 Performance Specialty Refractories Q1'21 Materials Minerals SG&A* (%) 11.6 11.7] +10bp Operating Margin*, % Operating Income* ($M) 58.3 58.8
Slide 7: Performance Materials
PERFORMANCE MATERIALS Sales, $M Operating Income”, $M 230.9 U 219.0 211.4 973 30-9 = 298 Q120 «6420 = Q1'21 [Margin*] 12.9% | 14.1% | 12.9% a120 Q420 = Q121 First Quarter Highlights Second Quarter Outlook Metalcasting Sales +6% Sequentially; Consumer-Oriented Products Demand +32% vs. Prior Year Rema
Slide 8: Specialty Minerals
SPECIALTY MINERALS Sales, $M Operating Income*, $M C¥4% 1371 138.9 147.8 203 avs 21.1 Q120 Q420 Q121 Margin*| 14.8% | 15.8% | 14.3% Q120 «Q420 = Q1'21 First Quarter Highlights Second Quarter Outlook Paper PCC Sales Higher Sequentially in Paper PCC Demand Stable; Typical North All Regions and 5% High
Slide 9: Refractories
REFRACTORIES First Quarter Results Sales, $M Q120 Q420 = Q121 Operating Income*, $M 12 14 120 Qr20 420 a1'21 [Margin*| 16.2% | 15.0% | 16.2% | Sales +7% Compared to PY + Refractory Products Sales +5% + Metallurgical Wire Sales +14% Improved Cost Position Strong Margin Performance Despite Lower Laser
Slide 10: Cash Flow and Liquidity Highlights
CASH FLOW AND LIQUIDITY HIGHLIGHTS Cash Flow and Capital Deployment I Cash From Operations, $M Capital Expenditure, $M [Free Cash Flow Q1'21 Share Repurchases Q121| $20M $75M Program to Date*| $37M Q1'21 Cash, Cash Equivalents, and ST Investments SS76M Available Revolver* $300M Total Liquidity $676M
Slide 11: Outlook Summary
OUTLOOK SUMMARY Second Quarter Outlook Performance Materials Continued Strength Across the Segment Project-Oriented Businesses Recovering Specialty Minerals Continued Ramp-up of New PCC Satellites Continued Strong Demand for SPCC, GCC, and Talc Refractories Refractory and Metallurgical Wire Demand R
Slide 12: Progress with Key Growth Strategies
PROGRESS WITH KEY GROWTH STRATEGIES Growing Consumer-Oriented Products ¢ Several Product Lines Growing at Double-Digits Geographic Expansion * Q1 Asia Sales +33% YoY; Broad-Based Growth Across PCC, Metalcasting, and HPC * New PCC Satellites in China, India, and Europe Expanding Innovation Portfolio
Slide 13: First Quarter 2021 Conference Call
May 7, 2021 GLOBAL F FIRST QUARTER 2021 CONFERENCE CALL
Minerals Technologies — Q1 2021 Earnings Presentation on 6ix