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August 2018
MTI OVERVIEW
I N N O V AT I O N ▪ L E A D E R S H I P ▪ E X C E L L E N C E
SAFE HARBOR
S TAT E M E N T
This presentation may contain “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995 which describe or are based on current
expectations. Actual results may differ materially from these expectations. In addition, any
statements that are not historical fact (including statements containing the words
“believes,” “plans,” “anticipates,” “expects,” “estimates,” and similar expressions) should
also be considered to be forward-looking statements. The company undertakes no
obligation to publicly update any forward-looking statement, whether as a result of new
information, future events, or otherwise. Forward-looking statements in this document
should be evaluated together with the many uncertainties that affect our businesses,
particularly those mentioned in the risk factors and other cautionary statements in our
2017 Annual Report on Form 10-K and in our other reports filed with the Securities and
Exchange Commission.
Also, this presentation will include certain financial measures that were not prepared in
accordance with generally accepted accounting principles. Reconciliations of those non-
GAAP financial measures to the most directly comparable GAAP financial measures can
be found in our Current Report on Form 8-K dated August 2, 2018, and in our other
reports filed with the Securities and Exchange Commission, available on our website at
www.mineralstech.com in the "Investor Information -- SEC Filings" section.
2
MTI
AT A G L A N C E
PRODUCTION
COUNTRIES R&D CENTERS EMPLOYEES
LOCATIONS
35 159 12 3,740
2017 TOTAL NET SALES 2017 NET SALES BY SEGMENT 5%
(percentage/millions of dollars)
$1.7 BILLION Performance Materials
$734.8
17%
$305.8 21%
MTX
Canada/Latin America
LISTED Since October 23, 1992 $81.6
NYSE 3
THE EVOLUTION
OF MTI
Phase I Phase II Phase III Phase IV
Pfizer Spinoff /
High Growth
NA Paper PCC Matured
Period of Flat Earnings
New Business System &
Operational Excellence Deployed
AMCOL
Acquisition
Where Are We Today?
EPS HISTORICAL TREND* High Performance Culture
(dollars per share/CAGR)
+17% Leading Market Positions: #1 or #2
4.59
4.31 4.47
+8%
4.00 Strong Balance Sheet
0%
+16%
2.42
Sizeable Portfolio of M&A Opportunities
2.16
1.78 1.82 1.93
1.40 1.29 1.24 1.31 1.27 1.44 1.42 1.38 1.53 Executing on Our Growth Strategy:
0.93 1.09 1.25
0.86 0.81
0.51 0.63 0.74
92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
Consumer Products
Construction
Automotive
Steel
Foundry
2017
Operating $119.7M $101.2M $39.8M $6.8M
Income 16.3% of Sales 17.3% of Sales 14.2% of Sales 8.9% of Sales
Metalcasting
Precipitated Calcium Carbonate Refractory Products
Household & Personal Care (Paper and Specialty)
Product Metallurgical Wire Off-Shore Water Filtration
Basic Minerals
Lines Ground Calcium Carbonate Laser Measurement Equipment Off-Shore Well Testing
Environmental Products
Talc Steel Mill Service
Building Materials
#1 Worldwide in Bentonite
#1 in N. American Monolithic
#1 in Gulf of Mexico Flow-back
Refractories
#1 in U.S. in Metalcasting Binders #1 Worldwide in Precipitated Filtration, Produced Water
Calcium Carbonate Deepwater Projects, and High
#1 N. America and Europe in
Market #1 in U.S. in Bulk Clumping Cat Pressure/High-Temp Well Testing
Solid Core Calcium Wire
Positions Litter and #1 in Europe in
Premium Cat Litter #1 in North America in Specialty Leading Global Off-Shore
#1 Globally in Refractory Laser
PCC Produced Water and Well Testing
Measurement Systems
#1 in Quality Assurance Services Company
Waterproof Concrete Structures 5
MTI GROWTH
DRIVERS BY SEGMENT
Minerals Businesses Service Businesses
6
Multiple Growth Drivers to Deliver High Single-Digit Growth
M T I VA L U E
PROPOSITION
Leveraging Unique Adding Value Through Serving Customer Needs in
Reserve Position Operational Excellence & Innovation High-Value Markets
Construction Automotive
7
MTI GROWTH
S T R AT E G Y
ORGANIC GROWTH OF
EXISTING BUSINESSES
THROUGH
+ +
New
Geographic
Product Acquisitions
Expansion
Development
Growth Growth
% of Total (Excluding FX) (Including FX)
US +6% +6%
55%
International +6% +11%
45%
Total MTI +6% +8% • New PCC Satellites and Expansions Globally
Transaction Summary
Criteria Sivomatic
• Purchase Price: €110M
• Minerals-based Companies
with Technological
Differentiation
• Accretive to Earnings Year 1
10
S I V O M AT I C
PET CARE BUSINESS
Overview Established Brands & Partnerships
Strong Presence in Major European Retailers
• Vertically Integrated Manufacturer of Premium Cat Litter
in Europe with ~115 Employees
Ünye (TR)
• Fits Well Within Our Existing Operating Footprint in
Manfredonia (IT)
Europe
• MTI: 26 Facilities / Offices, Including 4 Plants and
1 Office in Turkey
11
MTI
PET CARE BUSINESS
Overview Established Brands & Partnerships
Strong Presence in Major North American Retailers
• 100% Mine-to-Market; Great Value to Retail Partners
Growth Continuing
Growth Trend
• Strong Demand Across All Product Lines
• Executing on Growth Projects
• Metalcasting & PCC Penetration in China and India and Strong Customer Demand
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
The above chart reflects the Company’s EPS, excluding special items, such as acquisition-related costs, restructuring, gains/(losses) on asset sales and impairment costs and
related tax effects, for all periods presented. This is a non-GAAP measure that the Company believes provides meaningful supplemental information regarding its performance. 14
LIQUIDITY AND DEBT
HIGHLIGHTS
15
DRIVING
S H A R E H O L D E R VA L U E
Structured Business Solid Financial Position
Engaged Employees
System 2017 Year End
Innovation Productivity
Year Over Year Improvement $415 2.2X
9% Million of Net
6% 6% 7% 6%
5% Liquidity Leverage
Speed of Execution
2012 2013 2014 2015 2016 2017
17
SECOND QUARTER
FINANCIAL HIGHLIGHTS
KEY FINANCIALS SALES
BRIDGE
2Q17 2Q18 Change $ Millions
O P E R AT I N G I N C O M E
BRIDGE
Operating Income ($M) 70.0 64.7 (8%)
$ Millions
-8%
Operating Margin (%) 16.9 13.9 (18%) 70.0
4.0 0.6 64.7
(9.9)
Earnings per Share ($) 1.23 1.28 +4% 2Q17 Raw Materials, Business Corp / FX 2Q18
Freight, & Performance
Energy
The above figures reflect the Company’s EPS, operating income, and operating margin, excluding special items, such as acquisition-related costs, restructuring, gains/(losses) on
asset sales and impairment costs and related tax effects, for all periods presented. These are non-GAAP measures that the Company believes provide meaningful supplemental 18
information regarding its performance.
PERFORMANCE
M AT E R I A L S
$ Millions
SALES O P E R AT I N G
INCOME
+19%
-7%
214.5 32.2
30.1
180.3 187.3
26.2
SALES O P E R AT I N G
INCOME
+3%
-7%
147.0 149.6 150.9 26.9
24.1 25.1
SALES O P E R AT I N G
INCOME
+16% -2%
79.6 12.8
75.3
68.9
10.5 10.3
SALES O P E R AT I N G
INCOME
+10% +10%
MTI OVERVIEW
I N N O V AT I O N ▪ L E A D E R S H I P ▪ E X C E L L E N C E