Minerals Technologies Inc. · NYSE:MTX
Minerals Technologies — Q2 2021 Earnings Presentation
15 slides from Minerals Technologies's earnings presentation, Jul 30, 2021
Slide 1: Second Quarter 2021 Conference Call
July 30, 2021 SECOND QUARTER 2021 CONFERENCE CALL
Slide 2: Forward Looking Statements & Non-GAAP Measures
FORWARD LOOKING STATEMENTS & 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, revenues
Slide 3: Douglas Dietrich, Chairman and CEO
GLOBAL « DOUGLAS DIETRICH Chairman of the Board and, Chief Executive Officer PEOPLE-FOCUSED e e SAFETY e MINERA
Slide 4: Second Quarter 2021
SECOND QUARTER 2021 $64M $1.29 = sss te ae Cash from Income Share Boarat +53% perations +52% Minifig land reclaimed by MT1in Wyaming, USA MT feclaims an average of ~700 acres peryear + Record Earnings per Share* + Robust market demand * Several major product lines at or above 2019 levels * Continued
Slide 5: Normerica: Premium North American Cat Litter Supplier
NORMERICA: PREMIUM NORTH AMERICAN CAT LITTER SUPPLIER Company Background Nwermerica International Corporation Leading supplier of packaged cat litter in North America Established in 1992; headquartered in Toronto, Canada Four manufacturing facilities in North America and one in Thailand 320 employee
Slide 6: Acquisition Significantly Expands North America Pet Care Business
ACQUISITION SIGNIFICANTLY EXPANDS NORTH AMERICA PET CARE BUSINESS Transaction Summary Transaction Rationale + Purchase price: $185M Expands MTI pet care with complementary operations & customer base * 2020 revenue: $140M + Strengthens MTI pet care business * Complementary customer base with strategi
Slide 7: Matthew Garth, Chief Financial Officer
GLOBAL e PEOPLE-FOCUSE . MATTHEW GARTH Chief Financial Officer e SAFETY e
Slide 8: Second Quarter 2021 Financial Highlights
SECOND QUARTER 2021 FINANCIAL HIGHLIGHTS Sales ($M) Gross Margin (%) SG8&A* (%) Operating Income* ($M) Operating Margin” (%) Adj EBITDA Margin* (%) Earnings Per Share* ($) wv Q2’21 455.6 25.3 11.3 64.1 14.1 19.1 1.29 Seq +1% +60bps (40)bps +9% +110bps +70bps +10% YoY +28% +40bps (180)bps +53% +230bp
Slide 9: Performance Materials
PERFORMANCE MATERIALS Second Quarter Results Sales, $M Operating Income”, $M 230.9 2384 34.7 191.5 eu 22.4 Q2'20. Q121) —Q2'21 [Margin*] 11.7% | 12.9% | 14.6% Q2'20. Q121 «221 Second Quarter Highlights Third Quarter Outlook Metalcasting Sales +52% YoY Demand for Consumer-Oriented Products and Metalc
Slide 10: Specialty Minerals
SPECIALTY MINERALS Second Quarter Results Specialty PCC Sales +24% YoY Processed Minerals Sales +31% YoY Timing of Contractual Price Increases Sales, $M Operating Income*, $M 1478 4497 15.3 109.8 Q2'20. Q1'21 221 Margin*| 13.9% | 14.3% | 14.0% Q2'20. Q1'21.— 221 Second Qua ighlights Third Quarter Ou
Slide 11: Refractories
REFRACTORIES Second Quarter Results Operating Income*, $M 12.0 11.7 59 Q2'20 Q1'21 Q221 [Margin*| 10.6% | 16.2% | 15.7% | Sales, $M 73.9 745 55.9 Q220 Q121 221 Second Quarter Highlights Sales +33% YoY Strong Steel Market Conditions in North America and Europe Solid Operating Margins Signed Two New C
Slide 12: Cash Flow and Liquidity Highlights
CASH FLOW AND LIQUIDITY HIGHLIGHTS Cash Flow and Capital Deployment I Cash From Operations, $M Capital Expenditure, $M [Free Cash Flow YTD '20 YTD '21 Share Repurchases $75M Program to Date**| $54M Q2’21 Proforma* Cash, Cash Equivalents, and ST $409M $324M Investments Available Revolver* $300M $200M
Slide 13: Outlook Summary
OUTLOOK SUMMARY End Markets * Demand remains strong across end markets * — Typical foundry customer maintenance outages + Robust consumer-oriented businesses * Paper demand continues to improve + Project-oriented businesses continue recovery; monitoring for potential COVID-related delays Supply Chai
Slide 14: 13th Annual Sustainability Report
13t ANNUAL SUSTAINABILITY REPORT Advancing Broad Sustainability Initiatives + More robust report demonstrates ESG evolution * Broader disclosure on all fronts * Aligned to GRI, SASB and TCFD * Significant progress with environmental targets: exceeding 4 of 6 targets * Sustainable product development
Slide 15: Second Quarter 2021 Conference Call
July 30, 2021 SECOND QUARTER 2021 CONFERENCE CALL
Minerals Technologies — Q2 2021 Earnings Presentation on 6ix