Minerals Technologies Inc. · NYSE:MTX

Minerals Technologies — Investor Presentation (March 2024)

18 slides from Minerals Technologies's investor presentation, March 2024

  1. Slide 1: Investor Presentation March 2024

    Investor Presentation March 2024 © 2024 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: A Global Specialty Minerals Company

    MINERALS TECHNOLOGIES A Global Specialty Minerals Company $2.2B ~4,000 32 12 Net Sales Employees Countries R&D Centers EMEA Latin  Technology-driven provider of specialty America 24% solutions and applications that are an 3% essential part of your everyday life Asia 16%  Global footprint aligned w

  4. Slide 4: A Well-Balanced and Well-Positioned Growth Portfolio

    A Well-Balanced and Well-Positioned Growth Portfolio CONSUMER & SPECIALTIES $1.2B $1.0B ENGINEERED SOLUTIONS Functional components in a variety of Designed to improve our customers’ consumer and industrial goods manufacturing processes and projects Household & Personal Care $518M High-Temperature Te

  5. Slide 5: A Technology-Driven Specialty Minerals Company

    MINERALS TECHNOLOGIES A Technology-Driven Specialty Minerals Company Technology and Beneficial Attributes and Leading Market Positions Application Know-How Functionalities in All Key Markets* #1 Worldwide Bentonite Lightweighting #1 Global Private Label, North America Bulk Clumping and Europe Premiu

  6. Slide 6: Growth Driver Spotlight: Innovation Aligned With Key Trends

    Growth Driver Spotlight: Innovation Aligned With Key Trends Secular and sustainable trends MTI Technology Household & Personal Care and Innovation  Pet care and animal health • Global pet ownership  Natural personal care solutions • Natural ingredients for personal care and  Biofuels purification

  7. Slide 7: Sustainable Long-Term Organic Growth Through the Cycle

    Sustainable Long-Term Organic Growth Through the Cycle 4-7% Sales CAGR through 2027 CONSUMER & SPECIALTIES $1.2B $1.0B ENGINEERED SOLUTIONS Household & Personal Care $518M High-Temperature Technologies $721M  Pet care growth  Further expansion into Asian foundry markets  Market share growth of hi

  8. Slide 8: Strong Business Model Yielding Significant Value

    Strong Business Model Yielding Significant Value Balanced  Expansion in higher growth consumer-oriented markets and stable growth  Strengthening our leading positions in key industrial markets portfolio  Geographic expansion  Innovation across all product lines Broad-based margin expansion  Exp

  9. Slide 9: 5-Year Targets

    5-Year Targets 1 Organic sales growing at 5% CAGR through 2027 2 Margin improvement to 15% by 2025 3 Operating Income growing at 10% CAGR through 2027 4 Continued strong FCF generation of ~7% of Sales 5 Strong balance sheet with flexibility for inorganic growth 9

  10. Slide 10: Strong Financial Profile

    Strong Financial Profile Free Cash Flow and Capital Deployment Debt & Leverage Q4/23 Net Debt: $693M Debt Maturities 2024 Net Leverage Ratio: 1.9X as of Q4/23 2019 2020 2021 2022 2023 Guide* $529 FCF, $M 173 175 146 24 140 140- $400 160 % of Sales 10% 11% 8% 1% 6% *As of Q4’23 reporting $18 $32 $42

  11. Slide 11: A powerful combination to drive shareholder value

    MTI values and culture A powerful Differentiated technologies combination MTI to drive Financial strength Business shareholder Application System value expertise Global mineral reserves

  12. Slide 12: Investor Contact

    Investor Contact Investor Relations Contact Lydia Kopylova Phone: (212) 878‐1831 Email: lydia.kopylova@mineralstech.com Website www.mineralstech.com 12 12

  13. Slide 13: Appendix

    Appendix 13 © 2024 Minerals Technologies Inc. All Rights Reserved.

  14. Slide 14: 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

  15. Slide 15: Segment Operating Income Excluding Special Items

    Reconciliation Segment Operating Income Excluding Special Items millions of dollars Quarter Ended Twelve Months Ended Dec. 31, Oct. 1, Dec. 31, Dec. 31, Dec. 31, 2023 2023 2022 2023 2022 SEGMENT OPERATING INCOME(LOSS) DATA Consumer & Specialties Segment $ 36.6 $ (46.6) $ 16.4 $ 41.6 $ 79.0 Engineere

  16. Slide 16: EBITDA Excluding Special Items

    Reconciliation EBITDA Excluding Special Items Quarter Ended Twelve Months Ended millions of dollars Dec. 31, Oct. 1, Dec. 31, Dec. 31, Dec. 31, 2023 2023 2022 2023 2022 Net income (loss) $ 39.8 $ (19.2) $ 20.0 $ 84.1 $ 122.2 Add back: Depreciation, depletion and amortization 23.5 24.3 23.0 95.0 94.2

  17. Slide 17: The Company Sales Growth Excluding BMI

    Reconciliation The Company Sales Growth Excluding BMI To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's year over year sales growth, excluding the sales of Barretts Minerals Inc. for the three months ende

  18. Slide 18: Free Cash Flow

    Reconciliation Free Cash Flow Quarter Ended Twelve Months Ended millions of dollars Dec. 31, Oct. 1, Dec. 31, Dec. 31, Dec. 31, 2023 2023 2022 2023 2022 Cash flow from operations $ 95.3 $ 59.1 $ 42.3 $ 233.6 $ 105.9 Capital expenditures 22.5 25.1 22.9 93.5 82.3 Free cash flow $ 72.8 $ 34.0 $ 19.4 $

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