Minerals Technologies Inc. · NYSE:MTX
Minerals Technologies — Investor Presentation (September 2024)
19 slides from Minerals Technologies's investor presentation, September 2024
Slide 1: Investor Presentation
Investor Presentation September 2024 © 2024 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: 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
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 (24%) High-Tempera
Slide 5: A Technology-Driven Specialty Minerals Company
MINERALS TECHNOLOGIES A Technology-Driven Specialty Minerals Company Technology and Beneficial Attributes and Application Know-How Functionalities Functional value Ad/absorption creation across Consumer and Crystal Engineering Functional Additives Odor elimination Industrial applications Lightweight
Slide 6: Sustainable Long-Term Organic Growth Through the Cycle
Sustainable Long-Term Organic Growth Through the Cycle Secular & Sustainable Products & solutions aligned with Trends key trends 7-10% CAGR 4-7% Sales CAGR Household & Personal Care ▪ Natural ingredients & through 2027 solutions ✓ Pet ownership and animal health ✓ Natural household and personal care
Slide 7: 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 7
Slide 8: Strong Portfolio Built for Higher Performance
Strong Portfolio Built for Higher Performance H1’24 Results Growth Highlights Consumer & Specialties $1.1B Household & ▪ New formulations in pet care and fabric care Strong portfolio of leading Sales Personal Care ▪ Natural retinol delivery system businesses ▪ 3 satellites continuing to ramp-up Tran
Slide 9: 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 through geographic expansion ▪ Innovation across all product lines Broad-based margin expansion
Slide 10: Balanced Approach to Capital Allocation
Balanced Approach to Capital Allocation Capex 2024 target $90-100M Free Cash Flow FCF 2024 target $140-160M Strong Balance Sheet 4.5 3.8 2.8 2.4 At target net leverage 2.2 1.8 1.9 1.7 2X EBITDA May-14 2014 2016 2018 2020 2022 2023 Q2 2024 ~50% Depending on M&A opportunity ~50% ➢ Ongoing $75M Share R
Slide 11: A powerful combination to drive shareholder value
MTI values and culture A powerful Differentiated technologies combination MTI to drive Financial strength Business System shareholder Application value expertise Global mineral reserves
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
Slide 13: © 2024 Minerals Technologies Inc. All Rights Reserved.
© 2024 Minerals Technologies Inc. All Rights Reserved.
Slide 14: Appendix
Appendix © 2024 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, except per share data) Quarter Ended Six Months Ended Jun. 30, Jul. 2, Jun. 30, Jul. 2, 2024 2023 2024 2023 Segment Operating Income Data Consumer & Specialties Segment $ 43.9 $ 19.4 $ 85.9 $ 51.6 Engineered Soluti
Slide 17: Adjusted EBITDA Excluding Special Items
Reconciliation Adjusted EBITDA Excluding Special Items (millions of dollars, except per share data) Quarter Ended Six Months Ended Jun. 30, Jul. 2, Jun. 30, Jul. 2, 2024 2023 2024 2023 Net income attributable to MTI $ 19.7 $ 26.6 $ 66.4 $ 63.6 Add back: Depreciation, depletion and amortization 24.0
Slide 18: Company Sales Growth Excluding BMI Oldco
Reconciliation The Company Sales Growth Excluding BMI Oldco (f/k/a Barretts Minerals Inc.) 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 BMI Oldco f
Slide 19: Free Cash Flow
Reconciliation Free Cash Flow (millions of dollars, except per share data) Quarter Ended Six Months Ended Jun. 30, Jul. 2, Jun. 30, Jul. 2, 2024 2023 2024 2023 Cash flow from operations $ 50.1 $ 45.5 $ 106.0 $ 79.2 Capital expenditures 20.2 21.4 36.7 45.9 Free cash flow $ 29.9 $ 24.1 $ 69.3 $ 33.3 1
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