Compass Minerals Intl Inc · NYSE:CMP
Compass Minerals Intl — Compass Minerals — Q1 2025 Earnings Presentation
20 slides from Compass Minerals Intl's earnings presentation, Feb 10, 2025
Slide 1: Fiscal 2025 First-Quarter Business Update
Fiscal 2025 First-Quarter Business Update // February 10, 2025
Slide 2: Forward-Looking Statements and Other Disclaimers
Forward-Looking Statements and Other Disclaimers This presentation may contain forward-looking statements, including, without limitation, statements about reduction of salt inventory volumes, improvement in Plant Nutrition costs, cash generation capability, the future of Fortress, including ongoing
Slide 3: Fiscal 2025 First-Quarter Results
Fiscal 2025 First-Quarter Results
Slide 4: Fiscal 2025 First-Quarter Performance Overview
Fiscal 2025 First-Quarter Performance Overview • Net loss for the first quarter of fiscal 2025 of $23.6 million, compared to a net loss of $75.3 million in the first quarter of fiscal 2024 • Total company adjusted EBITDA for the first quarter of fiscal 2025 of $32.1 million, down from $62.2 million
Slide 5: Fiscal 2025 First-Quarter Consolidated Results
Fiscal 2025 First-Quarter Consolidated Results 1Q25 Adjusted EBITDA1 Consolidated Results 1Q25 (in millions) Revenue (y-o-y) -10% $62.2 $(18.3) Adjusted EBITDA1 (y-o-y) -48% $(2.8) $(9.0) $32.1 Adjusted EBITDA1 margin 10.4% 1Q24 Salt Plant Corp. & 1Q25 Nutrition Other Historical TTM Adjusted EBITDA1
Slide 6: Fiscal 2025 First-Quarter Salt Results
Fiscal 2025 First-Quarter Salt Results ($ in millions) 1Q25 1Q24 %Δ Sales Volumes (in thousands of short tons) Revenue $242.2 $274.3 -11.7% 2,266 Adj. EBITDA1 $47.8 $66.1 -27.7% 1,987 Adj. EBITDA1 margin 19.7% 24.1% -4.4 pts 589 Average price per ton $97/ton $96/ton 1% 506 First-Quarter Fiscal 2025
Slide 7: Fiscal 2025 First-Quarter Plant Nutrition Results
Fiscal 2025 First-Quarter Plant Nutrition Results ($ in millions) 1Q25 1Q24 %Δ Revenue $61.4 $49.7 23.5% Sales Volumes (in thousands of short tons) Adj. EBITDA1 $4.4 $7.2 -38.9% Adj. EBITDA1 margin 7.2% 14.5% -7.3pts 102 Average price per ton $603/ton $660/ton -9% 75 First-Quarter Fiscal 2025 Summar
Slide 8: Charting a Prudent Financial Path Forward
Charting a Prudent Financial Path Forward • Strong liquidity & attractive debt maturity Debt Maturity Profile1 profile (in millions) o $126.3 million in liquidity as of Dec. 31, 2024 comprised of $45.8 million in cash and $80.5 million available under revolving credit $500 $464 o No significant matu
Slide 9: Outlook & Guidance
Outlook & Guidance
Slide 10: Salt and Plant Nutrition Outlook and Guidance
Salt and Plant Nutrition Outlook and Guidance Salt Plant Nutrition Long-Term Attributes Long-Term Attributes • Resilient, recession-resistant demand profile • Largest producer of SOP in the Western Hemisphere • Difficult to replicate asset base with important logistical advantages • Unique solar eva
Slide 11: Consolidated Guidance Summary
Consolidated Guidance Summary 2025 Adj. EBITDA Range (in millions) Salt $205 $230 Plant Nutrition 17 24 Corporate1 (70) (61) TOTAL $152 $193 2025 Capital Expenditure Range (in millions) TOTAL $75 $85 Other Consolidated Modeling Information (in millions of dollars unless otherwise noted) 2025 Range I
Slide 12: Appendix
Appendix
Slide 13: Special Items
Special Items Special Items Impacting Three Months Ended Dec. 31, 2024 (unaudited, in millions, except per share data) Item Description Segment Line Item Amount Tax Effect1 After Tax EPS Impact Product cost and Product recall costs Salt Other operating $0.9 $(0.2) $0.7 $0.02 expense Total $0.9 $(0.2
Slide 14: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Reconciliation for Adjusted Operating Earnings (Loss) (unaudited, in millions) Three months ended Dec. 31, 2024 2023 Operating earnings (loss) $ 0.5 $ (53.6) Product recall costs1 0.9 --- Restructuring charges2 --- 3.6 Loss on impairments2 --- 74.8 Adjusted ope
Slide 15: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Reconciliation for Adjusted Net (Loss) Earnings (unaudited, in millions) Three months ended Dec. 31, 2024 2023 Net loss $ (23.6) $ (75.3) Product recall costs1 0.9 --- Restructuring charges2 --- 3.6 Loss on impairments2 --- 74.8 Income tax effect (0.2) --- Adju
Slide 16: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Reconciliation for EBITDA and Adjusted EBITDA (unaudited, in millions) Three months ended Dec. 31, 2024 2023 Net loss $ (23.6) $ (75.3) Interest expense 16.9 15.9 Income tax expense 9.7 3.6 Depreciation, depletion and amortization 26.8 25.5 EBITDA $ 29.8 $ (30.
Slide 17: Salt Segment Performance
Salt Segment Performance Salt Segment Performance (in millions, except for sales volumes and prices per short ton) Three months ended Dec. 31, 2024 2023 Sales $ 242.2 $ 274.3 Operating earnings $ 29.4 $ 50.9 Operating margin 12.1% 18.6% Adjusted operating earnings1 $ 30.3 $ 50.9 Adjusted operating m
Slide 18: Salt Reconciliation of Non-GAAP Information
Salt Reconciliation of Non-GAAP Information Reconciliation for Salt Segment Adjusted Operating Earnings (unaudited, in millions) Three months ended Dec. 31, 2024 2023 Reported GAAP segment operating earnings $ 29.4 $ 50.9 Provision for product recall costs1 0.9 --- Segment adjusted operating earning
Slide 19: Plant Nutrition Segment Performance
Plant Nutrition Segment Performance Plant Nutrition Segment Performance (in millions, except for sales volumes and prices per short ton) Three months ended Dec. 31, 2024 2023 Sales $ 61.4 $ 49.7 Operating loss $ (3.1) $ (2.3) Operating margin (5.0)% (4.6)% Adjusted operating loss1 $ (3.1) $ (1.2) Ad
Slide 20: Plant Nutrition Reconciliation of Non-GAAP Information
Plant Nutrition Reconciliation of Non-GAAP Information Reconciliation for Plant Nutrition Segment Adjusted Operating Loss (unaudited, in millions) Three months ended Dec. 31, 2024 2023 Reported GAAP segment operating loss $ (3.1) $ (2.3) Restructuring charges1 --- 1.1 Segment adjusted operating loss