Compass Minerals Intl Inc · NYSE:CMP
Compass Minerals Intl — Compass Minerals — February 2025 IR Events
25 slides from Compass Minerals Intl's conference presentation, February 2025
Slide 1: February 2025 IR Events Presentation
February 2025 IR Events Presentation // February 24 & 25, 2025
Slide 2: Forward-Looking Statements and Other Disclaimers
Forward-Looking Statements and Other Disclaimers This presentation may contain forward-looking statements, including, without limitation, statements about reduction of salt inventory volumes, improvement in Plant Nutrition costs, cash generation capability, the future of Fortress, including ongoing
Slide 3: Forward-Looking Statements and Other Disclaimers (cont.)
Forward-Looking Statements and Other Disclaimers (cont.) Presentation of Financial Information The financial information for the three months ended December 31, 2024 and 2023 included in this presentation has not been audited and should be read in conjunction with the audited consolidated financial
Slide 4: Who We Are
Who We Are
Slide 5: Compass Minerals history and company facts
• Headquartered in the Kansas City metro • Publicly traded as Compass Minerals since 2003 (NYSE: CMP) • Nearly 1,900 employees across North America and the U.K. • Company history and underground mines date back to 1844 • A leading producer of salt in North America and the U.K. • In Goderich, Ontario
Slide 6: Who We Are
Who We Are THROUGH THE RESPONSIBLE TRANSFORMATION OF EARTH’S NATURAL RESOURCES, WE HELP KEEP PEOPLE SAFE, FEED THE WORLD AND ENRICH LIVES, EVERY DAY. KEY MINERALS CORE PRODUCTS A leading salt producer in North America and the U.K. Used in highway Salt and consumer deicing, water care, food productio
Slide 7: Why Compass Minerals?
Why Compass Minerals? Resilient, durable, and competitively advantaged core businesses MAXIMIZE Advantaged assets and a Management team with SHAREHOLDER leading supplier of salt decades of experience products in North America VALUE optimizing mining and and the U.K. manufacturing operations Protassi
Slide 8: Essential Minerals Leader
Essential Minerals Leader $1,117M Compass Minerals is a leading global provider of essential minerals focused on safely delivering where and TOTAL SALES when it matters to help solve nature’s challenges for customers and communities. Every day, Compass Minerals produces what’s essential through the
Slide 9: Core Assets, Products and Markets
Core Assets, Products and Markets Proven world-class assets that would be difficult to replicate today ASSET FOOTPRINT CORE COMPETENCIES PRODUCTS MARKETS Goderich Mine Underground Extraction Rock Salt Deicing Cote Blanche Mine Chemical Salt Industrial Applications Winsford Mine Packaged Deicing Ogde
Slide 10: Salt
Salt
Slide 11: Goderich Mine: Premier Global Salt Asset
Goderich Mine: Premier Global Salt Asset LARGEST UNDERGROUND SALT MINE IN THE WORLD FACILITY OVERVIEW Located 1,800 feet under Lake Huron, Goderich’s salt mine has 8MM tons of annual production capacity • Continuous mining technology uses flexible conveyer trains, creating the ability to mine vast u
Slide 12: Salt Segment: Well-Positioned in a Unique Industry
Salt Segment: Well-Positioned in a Unique Industry Fundamental Characteristics Steady Price Improvement Despite Winter Variability Average Selling Price ($ per ton) $97 Resilient, recession-resistant demand profile $90 $75 Low-cost structure and attractive Adj. EBITDA2 margins $60 $45 Advantaged ass
Slide 13: Plant Nutrition
Plant Nutrition 13
Slide 14: Ogden Evaporative Pond Complex
Ogden Evaporative Pond Complex • Significant complex covering tens of thousands of acres (East Ponds + West EFFICIENT ASSET PRODUCING BOTH SALT AND SOP Ponds) • Raw material is harvested: • A solar evaporation facility located near Ogden, Utah, which is both the largest sulfate of potash specialty f
Slide 15: Plant Nutrition Segment: Strong Foothold in Key Areas
Plant Nutrition Segment: Strong Foothold in Key Areas Fundamental Characteristics HIGH Crop Chloride Sensitivity LOW Largest producer of SOP in western hemisphere • Typically supplies ~70% of North American SOP demand Tree Nuts Avocado Potatoes Citrus Lettuce Alfalfa Historically attractive Adj. EBI
Slide 16: Fiscal 2025 First-Quarter Results
Fiscal 2025 First-Quarter Results
Slide 17: Fiscal 2025 First-Quarter Performance Overview
Fiscal 2025 First-Quarter Performance Overview • Net loss for the first quarter of fiscal 2025 of $23.6 million, compared to a net loss of $75.3 million in the first quarter of fiscal 2024 • Total company adjusted EBITDA1 for the first quarter of fiscal 2025 of $32.1 million, down from $62.2 million
Slide 18: Fiscal 2025 First-Quarter Consolidated Results
Fiscal 2025 First-Quarter Consolidated Results 1Q25 Adjusted EBITDA1 Consolidated Results 1Q25 (in millions) Revenue (y-o-y) -10% $62.2 $(18.3) Adjusted EBITDA1 (y-o-y) -48% $(2.8) $(9.0) $32.1 Adjusted EBITDA margin1 10.4% 1Q24 Salt Plant Corp. & 1Q25 Nutrition Other Historical TTM Adjusted EBITDA1
Slide 19: Fiscal 2025 First-Quarter Salt Results
Fiscal 2025 First-Quarter Salt Results ($ in millions) 1Q25 1Q24 %Δ Sales Volumes (in thousands of short tons) Revenue $242.2 $274.3 -11.7% 2,266 Adj. EBITDA1 $47.8 $66.1 -27.7% 1,987 Adj. EBITDA margin1 19.7% 24.1% -4.4 pts 589 Average price per ton $97/ton $96/ton 1% 506 First-Quarter Fiscal 2025
Slide 20: Fiscal 2025 First-Quarter Plant Nutrition Results
Fiscal 2025 First-Quarter Plant Nutrition Results ($ in millions) 1Q25 1Q24 %Δ Revenue $61.4 $49.7 23.5% Sales Volumes (in thousands of short tons) Adj. EBITDA1 $4.4 $7.2 -38.9% Adj. EBITDA margin1 7.2% 14.5% -7.3pts 102 Average price per ton $603/ton $660/ton -9% 75 First-Quarter Fiscal 2025 Summar
Slide 21: Liquidity and Debt Maturity Profile
• Strong liquidity & attractive debt maturity Debt Maturity Profile1 profile (in millions) o $126.3 million in liquidity as of Dec. 31, 2024 comprised of $45.8 million in cash and $80.5 million available under revolving credit $500 $464 o No significant maturities until late in fiscal 2027 • Previou
Slide 22: Appendix
Appendix
Slide 23: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Reconciliation for EBITDA, Adjusted EBITDA and Adj. EBITDA Margin (unaudited, in millions) Three months ended Twelve months ended Dec. 31, Sept. 30, 2024 2023 2024 2023 2022 Net (loss) earnings $ (23.6) $ (75.3) $ (206.1) $ 10.5 $ (33.3) Interest expense 16.9 1
Slide 24: Salt Reconciliation of Non-GAAP Information
Salt Reconciliation of Non-GAAP Information Reconciliation for Salt Segment EBITDA, Adjusted EBITDA and Adj. EBITDA Margin (unaudited, in millions) Three months ended Twelve months ended Dec. 31, Sept. 30, 2024 2023 2024 2023 2022 2021 Reported GAAP segment operating earnings $ 29.4 $ 50.9 $ 163.6 $
Slide 25: Plant Nutrition Reconciliation of Non-GAAP Information
Plant Nutrition Reconciliation of Non-GAAP Information Reconciliation for Plant Nutrition Segment EBITDA, Adjusted EBITDA and Adj. EBITDA Margin (unaudited, in millions) Three months ended Twelve months ended Dec. 31, Sept. 30, 2024 2023 2024 2023 2022 2021 Reported GAAP segment operating (loss) ear