Minerals Technologies Inc. · NYSE:MTX

Minerals Technologies — Investor Day (September 2026)

40 slides from Minerals Technologies's investor day presentation, Sep 22, 2026

  1. Slide 1: Investor Day Presentation

    Investor Day Presentation September 22, 2026 © 2026 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: Today's Agenda

    Today’s Agenda 1 Company overview 2 Long-term growth strategy update 3 Product line and innovation spotlight Specialty Additives and High-Temperature Technologies 4 Q&A 5 In-person R&D facility tour 3

  4. Slide 4: Douglas T. Dietrich, Chairman and Chief Executive Officer

    Douglas T. Dietrich Chairman and Chief Executive Officer

  5. Slide 5: Key Differentiators

    Key Differentiators Balanced portfolio of consumer and industrial businesses Leading market positions across all four product lines Vertically integrated global footprint of local resources Growth driven by innovation and new product development capabilities Attractive financial profile and strong c

  6. Slide 6: A Global Specialty Minerals Company

    A Global Specialty Minerals Company Providing Essential Solutions for Everyday Life UNIQUE GLOBAL RESOURCES APPLIED TECHNOLOGIES VALUABLE FUNCTIONAL COMPONENTS BENTONITE At Home Food and supplements, Functional personal care, pet care, Additives household care, building materials, consumer and conta

  7. Slide 7: A Global Specialty Minerals Company

    MINERALS TECHNOLOGIES A Global Specialty Minerals Company $2.1B ~4,000 34 12 Net Sales* Employees Countries R&D Centers Balanced Portfolio Functional Solutions Global Presence with Unique Essential for Everyday Life Mineral Reserves in All Key Regions 8% 3% 9% 27% 17% 53% 9% 56% 47% 11% 24% 18% 17%

  8. Slide 8: A Well-Balanced Portfolio Positioned For Growth

    A Well-Balanced Portfolio Positioned For Growth CONSUMER ENGINEERED Sales $1.1B Sales $1.0B & SPECIALTIES SOLUTIONS Functional components in a variety of consumer and industrial goods Designed to improve our customers’ manufacturing processes and projects​ Household & Personal Care $513M (25%) $705M

  9. Slide 9: Three Engines Driving Our Growth

    Three Engines Driving Our Growth #1 Expansion in higher Deepening positions New products and growth markets in core markets​ and solutions geographies • Consumer-based products • Packaging • Automation for EAF steelmaking • Natural ingredients for personal • Steelmaking • PFAS remediation care • Nor

  10. Slide 10: Strong Pipeline of Innovation to Support Long-Term Growth

    Strong Pipeline of Innovation to Support Long-Term Growth 19%* of 2025 sales from new products I N N O VAT I O N S T R AT E G Y ~300 new products launched in 5 years Project pipeline from ideation to – Next-generation solutions from ~$1.4B pipeline from ideation to commercialization commercializatio

  11. Slide 11: Erik C. Aldag, Chief Financial Officer

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

  12. Slide 12: Financial Targets

    Financial Targets 1 Organic sales growing at 5% CAGR 2 Operating margin of 15% 3 Strong FCF generation of ~7% of sales 4 Strong balance sheet with flexibility for inorganic growth 5 Return on invested capital of 12% 12

  13. Slide 13: Strong Execution on Growth Strategy with Additional Upside from Market Recovery

    1 Strong Execution on Growth Strategy with Additional Upside from Market Recovery in the Future Sales Next 5 years +4% CAGR 5% CAGR Past 5 Years $2.8B+ +1% CAGR Organic Growth +5% CAGR + +$100M Innovation -$240M $2.2B +$540M -2% CAGR $1.8B 2021 Organic Growth Inorganic End-Market 2026 Year 5 Revenue

  14. Slide 14: Clear Line of Sight to Margin Recovery and Further Expansion

    2 Clear Line of Sight to Margin Recovery and Further Expansion Operating Margin, % +50bps 15% +75 to 100bps +75 to 100bps 13% L O N G - T ERM TAR G E T 16%+ total company operating margin driven by innovation and further volume leverage 1st Half Price / Cost Volume Leverage Innovation & Target Margi

  15. Slide 15: Balance Sheet Strength and Disciplined Capital Allocation

    3-4 Balance Sheet Strength and Disciplined Capital Allocation Net debt / Adj EBITDA FREE CASH FLOW 6% 2.1x of sales, FY23–FY25 average 1.6x RETURN OF CASH 56% of Free Cash Flow $330M of share buybacks and dividends, FY21–Q2’26 2021 Q2’26 2.4x Dividend Increase From $0.05 in 2023 to $0.12 in 2025 per

  16. Slide 16: Disciplined Execution Plan to Deliver 12% ROIC

    5 Disciplined Execution Plan to Deliver 12% ROIC Metric Performance Target 5-year potential at target Revenue 4% CAGR 5% CAGR 20211 – 2026 Consensus $2.8B+ REVENUE Operating margin2 15% in 2024 15%+ of sales $420M+ Long-term potential 16%+ OPERATING INCOME $200M+ FCF as % of sales3 6%4 7% FREE CASH

  17. Slide 17: Douglas T. Dietrich, Chairman and Chief Executive Officer

    Douglas T. Dietrich Chairman and Chief Executive Officer

  18. Slide 18: Core Technologies

    Core Technologies Crystal Engineered Particle Functional Engineering Blends Surface Additives Modification 18

  19. Slide 19: 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 Functional Development of tailored blends of specific Engineered deliver functionality to our products and Additives minerals and additives to enhance cus

  20. Slide 20: Core Technologies in Focus

    Core Technologies in Focus Specialty Additives High-Temperature Technologies Proprietary process to synthesize crystal type, Crystal Engineering Development of tailored blends of specific minerals Engineered Blends size, and morphology to achieve specific and additives to enhance customer processes

  21. Slide 21: Jim Wright, President – Specialty Additives

    Jim Wright President – Specialty Additives

  22. Slide 22: Specialty Additives

    Specialty Additives Crystal Engineering Platform and Mineralogy Capability - Vertically integrated world-class carbonate-based mining reserves - Leading satellite-based PCC manufacturer with 56 locations - Leading global supplier of Specialty PCC and the only manufacturer of Specialty PCC in North A

  23. Slide 23: Executing on Our Growth Strategy, with More in the Pipeline

    SPECIALTY ADDITIVES Executing on Our Growth Strategy, with More in the Pipeline Sales +3% CAGR 3–5% CAGR +5% CAGR GROWTH STRATEGY $95M $695M to -$55M to ✓ Geographic expansion into $175M $775M Asia $130M ✓ Expansion into packaging -2% CAGR ✓ Innovation $600M $525M 3–5% CAGR Long-term growth potentia

  24. Slide 24: Building On Unique Technology and Capabilities to Create New Revenue Streams

    Building On Unique Technology and Capabilities to Crystal Create New Revenue Streams Engineering New high-value revenue growth path: NewYield® PCC Repurposing steel slag for critical end markets Pulp mill waste product WHERE THE OPPORTUNITY COMES FROM – Current US supply of magnesium and manganese r

  25. Slide 25: Developing a Long-Term Growth Platform

    Developing a Long-Term Growth Platform Crystal Engineering Applying core capabilities to recover critical minerals and industrial materials from an untapped domestic by-product Critical minerals — Mg, Mn CURRENT STATUS Batteries · Defense · Alloys · Partnered with major US steelmaker Automotive Lab-

  26. Slide 26: Chad Trent, President – High-Temperature Technologies

    Chad Trent President – High-Temperature Technologies

  27. Slide 27: High-Temperature Technologies: Steel and Metallurgical Solutions

    High-Temperature Technologies Steel and Metallurgical Solutions Leading provider of advanced solutions to steel industry Refractories and automated equipment – Leader in monolithic refractories – Global refractory laser measurement systems leader – The only fully automated, intelligent system for st

  28. Slide 28: Growth Strategy Gaining Momentum, with More in the Pipeline

    HIGH-TEMPERATURE TECHNOLOGIES Growth Strategy Gaining Momentum, with More in the Pipeline Sales +3% CAGR 3–6% CAGR +6% CAGR GROWTH STRATEGY $120M $870M -$123M to to ✓ Expand position in core $ 250M $1,000M markets +$226M ✓ Geographical growth ✓ Innovation -3% CAGR +$746M $643M 3–6% CAGR Long-term gr

  29. Slide 29: High-Purity Calcium Metal for Rare Earth Production

    New High-Value Revenue Growth Path: Engineered High-Purity Calcium Metal for Rare Earth Production Blends US-based supplier of high-purity calcium metal — the bottleneck input Heavy Rare Earths (HRE) for domestic heavy rare earth metallization WHERE THE DEMAND COMES FROM – High-purity calcium metal

  30. Slide 30: High-Purity Calcium Metal for Rare Earth Production: $100M+

    New High-Value Revenue Growth Path: Engineered High-Purity Calcium Metal for Rare Earth Production Blends METALLIZATION MAGNET-GRADE PERMANENT CURRENT STATUS calcium reduction METAL MAGNETS HEAVY RARE High-purity calcium lab EARTHS development completed Pilot plant construction underway reductant Cu

  31. Slide 31: Douglas T. Dietrich, Chairman and Chief Executive Officer

    Douglas T. Dietrich Chairman and Chief Executive Officer

  32. Slide 32: Significant Upside to Grow Beyond Our Organic Plan

    Significant Upside to Grow Beyond Our Organic Plan Sales M&A investment strategy $3B-$4B • Extends our positions geographically • Accelerates our expansion into higher growth markets • Increases the scale of the company $600M+ $2.8B+ >$730M of liquidity 1.6x debt leverage Screening criteria $2.2B •

  33. Slide 33: Key Takeaways

    Key Takeaways Delivering on our growth strategy with more potential ahead Maintaining our 5% average growth target Applying our capabilities and differentiated technologies in higher-value markets Creating opportunities in new markets with significant long-term growth potential Driving value higher

  34. Slide 34: © 2026 Minerals Technologies Inc. All Rights Reserved.

    © 2026 Minerals Technologies Inc. All Rights Reserved.

  35. Slide 35: Appendix

    Appendix © 2026 Minerals Technologies Inc. All Rights Reserved.

  36. Slide 36: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Information presented by Minerals Technologies Inc. during Investor Day on September 22, 2026 included non-GAAP financial measures, as defined by Securities and Exchange Commission Regulation G. Non-GAAP financial measures should be considered in addition to, not

  37. Slide 37: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures To supplement the Company’s consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company’s non- GAAP operating income and margin, excluding special items, for the twelve months ended December 31, 2024 and the

  38. Slide 38: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures “Adjusted EBITDA” is a non-GAAP financial measure referring to earnings before interest, taxes, depreciation and amortization, excluding special items. The following is a presentation of the Company’s non-GAAP EBITDA, excluding special items for the twelve months

  39. Slide 39: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Free cash flow is defined as cash flow from operations, less capital expenditures. The following is a presentation of the Company’s non-GAAP free cash flow for the annual periods ended December 31, 2023 through December 31, 2025 and a reconciliation to cash flow f

  40. Slide 40: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Return on Invested Capital (ROIC) is defined as net operating profit after tax (NOPAT) divided by the average of current year and prior year equity plus net debt. The following is a presentation of the Company’s non-GAAP ROIC for the annual periods ended December

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