Minerals Technologies Inc. · NYSE:MTX
Minerals Technologies — Investor Presentation (September 2023)
18 slides from Minerals Technologies's investor presentation, September 2023
Slide 1: Investor Presentation
Investor Presentation September 2023
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: A Global Specialty Minerals Company
MINERALS TECHNOLOGIES A Global Specialty Minerals Company $2.1B 4,000+ 32 12 Net Sales Employees Countries R&D Centers EMEA Latin Technology driven specialty solutions and applications America provider that are essential part of everyday life 23% 3% Global footprint aligned with our customers an
Slide 4: A Well-Balanced and Well-Positioned Growth Portfolio
MTI OF TODAY A Well-Balanced and Well-Positioned Growth Portfolio CONSUMER & SPECIALTIES ENGINEERED SOLUTIONS Functional components in a variety of Designed to improve our customers’ consumer and industrial goods 53%* manufacturing processes and projects 47%* Household & Personal Care High-Temperatu
Slide 5: A Technology-Driven Specialty Minerals Company
MINERALS TECHNOLOGIES A Technology-Driven Specialty Minerals Company Technology and Application Beneficial attributes and Leading Know-how functionalities Market Positions* #1 Worldwide Bentonite Lightweighting #1 Worldwide in Precipitated Calcium CO2 sequestration Carbonate (PCC) Calcium fort
Slide 6: Managing Our Portfolio Through Strategic Priorities
Managing Our Portfolio Through Strategic Priorities Sustainable Long-Term Growth Agile Operational Performance Innovation Organic & Inorganic Growth Operational Excellence Accelerating new product development Expanding core products into faster Deeply rooted culture focusing on: growing market
Slide 7: Multiple Organic Growth Levers Across All Product Lines
Multiple Organic Growth Levers Across All Product Lines 2022 5-Year Sales CAGR Product Line / Segment Revenue Projection* Key Growth Drivers Pet care growth Household & Personal Care $476M 7-10% Market share growth of high-margin specialty products Further geographic expansion into Asian markets Spe
Slide 8: Translating Sales Growth Into Significant Value Creation
Translating Sales Growth Into Significant Value Creation 2022 2027 Projected Financial Metrics Revenue growth $2.1B 5% CAGR ~$2.7B Operating Margin1 12% of sales 15% of sales ~$400M Op Income >$500M EBITDA Operating Income1 $253M 10% CAGR Cash Flow 77%4 78% Conversion2 ~$190M FCF Free Cash Flow 7% o
Slide 9: Strong Financial Profile
Strong Financial Profile Free Cash Flow and Capital Deployment Debt & Leverage 2023 Q2/23 Net Debt: $787M Debt Maturities 2018 2019 2020 2021 2022 Guide Net Leverage Ratio: 2.4X as of Q2/23 FCF, $M 128 173 175 146 24 100- $549 125 $400 % of Sales 7% 10% 11% 8% 1% $9 $18 $32 $42 Current 2024 2025 202
Slide 10: Key Investment Takeaways
Key Investment Takeaways 1 Organic sales growing at 5% CAGR through 2027 2 Margin improvement of +300 bps by 2025 3 Operating Income growing at 10% CAGR through 2027 4 Continued strong FCF generation 5 Strong balance sheet with flexibility for inorganic growth 10
Slide 11: MTI is uniquely positioned & well set for sustainable growth
MTI values and culture MTI is uniquely Applied technologies positioned & MTI Financial Business well set for stability System sustainable Continuous agility growth innovation Unique global minerals reserves
Slide 12: Innovative technologies. Essential solutions.
Innovative technologies. Essential solutions.”
Slide 13: Investor Contact
Investor Contact Investor Relations Contact Lydia Kopylova Phone: (212) 878-1831 Email: lydia.kopylova@mineralstech.com Website www.mineralstech.com 13
Slide 14: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Information presented by Minerals Technologies Inc. during Investor Day on May 24, 2023 included non-GAAP financials measures, as defined by Securites and Exchange Commission Regulation G. Non-GAAP financial measures should be considered in addition to, not as a s
Slide 15: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures “Adjusted EBITDA” is a non-GAAP financial measure and refers to earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special items. The following is a presentation of the Company's non-GAAP EBITDA and Adjusted EBITDA for the annual pe
Slide 16: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Total Sales $ 2,125.5 $ 1,858.3 $ 1,594.8 $ 1,791.0 $ 1,807.6 $ 1,835.4 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 Decembe
Slide 17: 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 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 31,
Slide 18: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Total Debt $ 1,062.3 $ 1,017.0 $ 934.2 $ 927.6 $ 1,016.3 $ 969.9 Cash and cash equivalents 247.2 299.5 367.7 241.6 208.8 212.2 Net Debt 815.1 717.5 566.5 686.0 807.5 757.7 Shareholders Equity 1,613.1 1,579.5 1,498.7 1,434.6 1,385.3 1,279.1 Net Debt + Equity $ 2,42
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