Minerals Technologies Inc. · NYSE:MTX
Minerals Technologies — Q2 2023 Earnings Presentation
17 slides from Minerals Technologies's earnings presentation, Jul 28, 2023
Slide 1: Second Quarter 2023 Earnings Conference Call
Way MINERALS ‘W > TECHNOLOGIES Second Quarter 2023 Earnings Conference Call
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, Chairman & Chief Executive Officer
Douglas T. Dietrich Chairman & Chief Executive Officer MINERALS TECHNOLOGIES
Slide 4: Second Quarter 2023 Highlights
Second Quarter 2023 Highlights Qe, GS > Tk ABS ae $552 Sales comparable to prior year and prior quarter Net Sales + Strong sales across majority of our businesses + Softness in some regional markets Operating income* 12% higher, sequentially; Operating margin* improved 120 bps $71 Operating : YTD Ca
Slide 5: Market Outlook
Market Outlook WwW ef = bed » APASr ce. a m = oe Oo Household & (DD * Continued strong demand in pet care, animal Personal Care health and edible oil/renewable fuel purification; Consumer & * Continued customer destocking in personal care Specialties Specialty ‘70 * Improvement in North America pape
Slide 6: Erik Aldag, Senior Vice President, Finance and Treasury, & Chief Financial Officer
Erik Aldag Senior Vice President, Finance and Treasury, & Chief Financial Officer MINERALS TECHNOLOGIES
Slide 7: Second Quarter Financial Review
Second Quarter Financial Review Versus Prior Quarter Versus Prior Year Sales ($M) +1% a Bp (0.2) | a ~Q123. «FX ~—-VolMix. Price. §=—Q2'23- Operating Income* ($M) +12% 1 Q1'23 FX Vol/Mix Price Cost Q2'23 Sales ($M) A% 1 429 551.5 I 62) == (40.2) FX Vol/Mix Price Q2'23 Operating Income* ($M) 4% Price
Slide 8: Second Quarter Earnings Per Share
Second Quarter Earnings Per Share Soka > Be > ae aes EPS Reported EPS $0.82 Severance Related Costs $6.6M $0.16 Litigation Related Costs $13.9M $0.33 EPS, Excluding Special Items $1.31
Slide 9: Consumer & Specialties Segment
Consumer & Specialties Segment Financial Results Second Quarter Highlights Third Quarter Outlook Sales, $M 283.2 ~Q222.—Q1'23 297.3 290.3 Q223 Operating Income*, $M aS Q2'22 Q1'23 11.9% 10.8% Operating Income* Q2'23 11.7% % Sales 2 Household & Personal Care * Strong demand in pet litter, edible oil
Slide 10: Engineered Solutions Segment
Engineered Solutions Segment Financial Results Second Quarter Highlights Third Quarter Outlook Sales, $M High-Temperature Technologies + North America foundry & steel demand remained strong + Sequential improvement in China Q2'22 at 23. Q2'23 Environmental & Infrastructure Operating Income’, $M + Co
Slide 11: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow YTD Cash Flow and Capital Deployment Liquidity Q2’23 YTD’22 YTD’23 Cash, Cash Equivalents, $255M and Short-Term Investments Cash from operations $33M $79M Available Revolver $182M Total Liquidity $437M Capital expenditures $40M $46M Free cash flow ($7M) $33M Debt & Leverage
Slide 12: Third Quarter Outlook Summary
Third Quarter Outlook Summary WMT Key highlights Similar demand to second quarter Additional pricing actions Continued margin and cash flow improvement _, Q3 Operating Income Q3 EPS $70M - $73M $1.30 - $1.35
Slide 13: Douglas T. Dietrich, Chairman & Chief Executive Officer
Douglas T. Dietrich Chairman & Chief Executive Officer MINERALS TECHNOLOGIES
Slide 14: 2022 Annual Sustainability Report
15% Annual Sustainability Report COR RES SUS PORATE PONSIBILITY & TAINABILITY Continue to Advance Sustainability Initiatives Comprehensive view into who we are and our culture Demonstrates our progress meeting environmental targets: + Exceeded four out of six 2025 goals * Significant progress on emi
Slide 15: Innovative technologies. Essential solutions.
Innovative technologies. Essential solutions.”
Slide 16: Appendix
Appendix MINERALS TECHNOLOGIES
Slide 17: Non-GAAP financial measures
‘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-GAAP net income and operating income, excluding special items, an
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