11 MINERALS TECHNOLOGIES INC. NEW PRODUCT DEVELOPMENT NEW PRODUCT DEVELOPMENT THE SECOND PILLAR of MTI’s strategy for growth is new product innovation that  differentiates the company from competitors by providing customers  with new, higher-value products. Over the last seven years, we  have revitalized our new product pipeline and have successfully  commercialized several new products. As this chart indicates, MTI’s new product  development is tracking well. In 2007,  the new product pipeline was nearly dry,  with just 11 ideas. Today, with suggestions  from employees and customers, MTI has  commercially launched 44 new products  and has more than 65 in development  throughout all three business units— Paper PCC, Refractories and Performance  Minerals. The company tracks new ideas  through a five-phase, stage gate process.  In the first three stages, our scientists and  business professionals analyze the technical  and financial potential of each idea. As ideas pass through the stage gates, they  are reviewed more stringently for technical  feasibility and potential economic benefit to  the company. 8 6 12 16 31 8 6 16 24 11 6 10 24 19 15 24 34 15 12 28 34 12 11 44 5 2 2007 2008 2009 2010 2011 2012 2013 120 100 80 60 40 20 0 Launch (cumulative) Stage 5 Stage 4 Stage 3 Stage 2 Stage 1 Number of Ideas 3 3 4 60 52 44 27 26 6 3 11 8 2 4 3 1 1 1 5 5 5 5 MTI NEW PRODUCT & PROCESS DEVELOPMENT (NPPD) IDEAS