Minerals Technologies Inc. · NYSE:MTX

Minerals Technologies — Q1 2020 Earnings Presentation

14 slides from Minerals Technologies's earnings presentation, May 1, 2020

  1. Slide 1: First Quarter 2020 Conference Call

    • FIRST QUARTER 2020 CONFERENCE CALL May 1, 2020 INNOVATION • LEADERSHIP • EXCELLENCE

  2. Slide 2: Forward Looking Statements and Non-GAAP Measures

    • Forward Looking Statements and Non-GAAP Measures 2 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, rev

  3. Slide 3: Douglas Dietrich, Chief Executive Officer

    • • DOUGLAS DIETRICH CHIEF EXECUTIVE OFFICER INNOVATION • LEADERSHIP • EXCELLENCE

  4. Slide 4: First Quarter 2020 Highlights and COVID-19 Update

    • 4 $418M • REVENUE $58M • OPERATING • INCOME* $1.13 • EPS* $30M • CASH FROM • OPERATIONS First Quarter 2020 Highlights COVID-19 Update • #1 Priority: Safety of Our Employees, Customers, and Suppliers • Financial Impact Limited in Q1’20 • China Foundries Took Downtime; PCC Operations Continued • Our

  5. Slide 5: Matthew Garth, Chief Financial Officer

    • • MATTHEW GARTH CHIEF FINANCIAL OFFICER INNOVATION • LEADERSHIP • EXCELLENCE

  6. Slide 6: First Quarter Financial Highlights

    • (18.9) Q4’19 421.3 # of Days Adjusted Baseline Vol / Price / Mix COVID-19 (6.7) Q1’20 440.2 417.5 -5% As Reported -1% As Adjusted (2.3) 58.3 50.7 (2.0) 53.0 Cost +10% As Reported +15% As Adjusted Q1’19 (7.5) (6.0) FX 431.7 437.7 -3% As Adjusted (1.2) (1.6) 62.0 60.8 -6% As Reported -4% As Adjusted

  7. Slide 7: EPS Trend

    • Q3’19 Q4’19 Q2’19 Q1’19 Q1’20 +2% +19% Earnings per Share, $ 7 EPS Trend *EPS Excludes Special Items

  8. Slide 8: Performance Materials First Quarter Results

    • • First Quarter Results Q1’19 Q4’19 Q1’20 -8% +4% Sales, $M Operating Income, $M Performance Materials Metalcasting Sales Lower • China impacted by COVID-19 • NA Conditions Similar to Q4’19 • Pet Care +6%; Personal Care +4% YoY • Building Materials Sales +10% YoY • Operating Margin 12.9% (+140 bps

  9. Slide 9: Specialty Minerals First Quarter Results

    • • First Quarter Results Q1’19 Q4’19 Q1’20 -3% +5% 9 PCC • YoY Impact from 2019 NA Closures • PCC Sales in Asia Grew 4% • Sequential Sales +1% on Same-Day Basis • SPCC and Processed Minerals • Operating Margin 14.8% (+110 bps Sequentially) First Quarter Highlights Limited Financial Impact in Q1'20

  10. Slide 10: Refractories First Quarter Results

    • • First Quarter Results Q1’20 Q4’19 Q1’19 +8% Refractories Sales, $M Operating Income, $M Lower Refractories Demand Globally YoY; Market Conditions Similar to Q4’19 • Metallurgical Products +12% YoY • Sales Better Than Expected Due to Delayed Maintenance Shutdowns at Customer Facilities • Operatin

  11. Slide 11: Energy Services First Quarter Results

    • • First Quarter Results Q1’19 Q4’19 Q1’20 +7% +28% Energy Services Sales +24% YoY and +7% Sequentially Driven by Filtration and Well Test Activity • Operating Margin of 12.7% (+210 bps Sequentially) First Quarter Highlights Limited Financial Impact in Q1'20 • Some Project Delays Experienced in Mal

  12. Slide 12: Liquidity and Debt Highlights

    • Debt and Leverage Liquidity Cash Flow and Capital Deployment Q1’19 Q4’19 Q1’20 Total Debt, $M 16.6 17.6 13.2 +4% Cash From Operations, $M Capital Expenditure, $M Free Cash Flow Feb’24 Current May’21 Through 2021 Apr’23 Timing of Maturities, $M Balanced Cash Generation Profile • Geographically and

  13. Slide 13: MTI End Market Conditions

    • MTI End Market Conditions 13

  14. Slide 14: First Quarter 2020 Conference Call

    • FIRST QUARTER 2020 CONFERENCE CALL May 1, 2020 INNOVATION • LEADERSHIP • EXCELLENCE

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