Slide 1: Fourth Quarter 2025 Earnings Conference Call
FOURTH QUARTER 2025 EARNINGS CONFERENCE CALL January 30, 2026 © 2026 Minerals Technologies Inc. All Rights Reserved.
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
Douglas T. Dietrich Chairman and Chief Executive Officer
Slide 4: 2025 Year in Review
2025 Year in Review Navigated volatile macro environment while remaining focused $2.1B Sales on growth initiatives in both segments Made well-timed capital investments to support near-term growth $287M New product revenue reached 19% of total sales* Operating Income Took proactive steps to i
Slide 5: Erik C. Aldag
Erik C. Aldag Senior Vice President, Finance and Treasury and Chief Financial Officer
Slide 6: Financial Summary
Financial Summary 2025 versus 2024 ($M) Sales -2% 2,119 +8 + 21 2,073 Full Year Q4 ‘25 2025 (74) Sales ($M) 520 2,073 2024 FX Volume / Mix Price 2025 Operating Income ($M) 67 287 Operating Margin (%) 12.8 13.9 Operating Income -9% 316 +3 + 21 EPS ($) 1.27 5.52 287 (27) (26) 2024 FX Volume / Mix Pric
Slide 7: Consumer & Specialties Segment Financial Performance
CONSUMER & SPECIALTIES SEGMENT Financial Performance Fourth Quarter Full Year Sales Operating Income Sales Operating Income $279M $274M $38M $1,140M $1,098M $166M $29M $134M Q4 ’24 Q4 ’25 Q4 ’24 Q4 ’25 2024 2025 2024 2025 Sales Performance Sales Performance Household & Personal Care +2% sequential
Slide 8: Engineered Solutions Segment Financial Performance
ENGINEERED SOLUTIONS SEGMENT Financial Performance Fourth Quarter Full Year Sales Operating Income Sales Operating Income $239M $245M $40M $40M $978M $975M $162M $163M Q4 ’24 Q4 ’25 Q4 ’24 Q4 ’25 2024 2025 2024 2025 Sales Performance Sales Performance High-Temperature Technologies +1% YoY High-T
Slide 9: Balance Sheet and Capital Deployment
Balance Sheet and Capital Deployment Cash Flow and Capital Deployment Liquidity 2024 2025 Q4 ’25 FY ’25 Cash, Cash Equivalents, $337M $333M and Short-Term Investments Available Revolver $386M $391M Cash Flow from Operations $64M $194M Total Liquidity $723M $724M Capital Expenditures $32M $107M Debt
Slide 10: First Quarter Outlook
First Quarter Outlook Year-over-year: 5% growth in sales and operating income ~$520M - Continued momentum in Household & Personal Care (mid-high SD growth YoY) Sales - New satellites in Specialty Additives offset softness in residential construction - Continued Asia foundry growth and stable steel
Slide 11: Douglas T. Dietrich
Douglas T. Dietrich Chairman and Chief Executive Officer
Slide 12: 2026 Market and Organic Growth Outlook
2026 Market and Organic Growth Outlook Ramp-up of new business starting Q2’26: - N. America cat litter following facility upgrades CONSUMER & SPECIALTIES Household & - Asia cat litter expansion Personal Care - Edible oil and renewable fuel purification - Animal health and fabric care products Spec
Slide 13: © 2026 Minerals Technologies Inc. All Rights Reserved.
© 2026 Minerals Technologies Inc. All Rights Reserved.
Slide 14: Appendix
Appendix © 2026 Minerals Technologies Inc. All Rights Reserved.
Slide 15: Net Income and Diluted EPS Excluding Special Items
Reconciliation Net Income and Diluted EPS Excluding Special Items 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-G
Slide 16: Segment Operating Income Excluding Special Items
Reconciliation Segment Operating Income Excluding Special Items (millions of dollars) Quarter Ended Twelve Months Ended Dec. 31, Sep. 28, Dec. 31, Dec. 31, Dec. 31, 2025 2025 2024 2025 2024 Segment Operating Income Consumer & Specialties Segment $ 25.3 $ 37.4 $ 37.9 $ 124.2 $ 165.5 Engineered Soluti
Slide 17: Adjusted EBITDA Excluding Special Items
Reconciliation Adjusted EBITDA Excluding Special Items (millions of dollars) Quarter Ended Twelve Months Ended Dec. 31, Sep. 28, Dec. 31, Dec. 31, Dec. 31, 2025 2025 2024 2025 2024 Net income (loss) attributable to MTI $ 37.1 $ 43.0 $ 54.0 $ (18.4) $ 167.1 Add back: Depreciation, depletion and amort
Slide 18: Free Cash Flow
Reconciliation Free Cash Flow (millions of dollars) Quarter Ended Twelve Months Ended Dec. 31, Sep. 28, Dec. 31, Dec. 31, Dec. 31, 2025 2025 2024 2025 2024 Cash flow from operations $ 64.3 $ 70.9 $ 70.4 $ 193.7 $ 236.4 Capital expenditures 32.4 27.3 28.1 107.1 89.5 Free cash flow $ 31.9 $ 43.6 $ 42.