MINERALS TECHNOLOGIES INC. Minerals Technologies Inc. ANNUAL REPORT 2013 Minerals Technologies Inc. is a resource- and technology-based company that develops, produces  and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral  products and related systems and services. The Company has two reportable segments: Specialty  Minerals and Refractories. The Specialty Minerals segment produces and sells the synthetic mineral  product precipitated calcium carbonate (PCC) and the processed mineral product quicklime (lime),  and mines, processes and sells other natural mineral products, primarily limestone and talc. This  segment’s products are used principally in the paper, building materials, paint and coatings, glass,  ceramic, polymer, food and pharmaceutical industries. The Refractories segment produces and  markets monolithic and shaped refractory materials and specialty products, services and application  equipment used primarily by the steel, non-ferrous metal and glass industries. The Company emphasizes research and development. By developing and introducing technologically  advanced new products, the Company has been able to anticipate and satisfy changing customer  requirements, and to create market opportunities through new product development and product  application innovations. * Excludes Special Items Millions of Dollars, Except Per Share Data December 31, 2013 December 31, 2012 Net sales  $1,018.2  $996.8  Specialty Minerals Segment 669.8 653.4 PCC Products  547.2 537.4 Processed Minerals Products  122.6 116.0 Refractories Segment  348.4 343.4 Operating Income  124.4* 113.6 Net income attributable to MTI  80.3 74.1 Diluted Earnings per Share 2.42* 2.16 Research & Development Expenses  20.1 20.2 Depreciation, Depletion & Amortization  47.3 51.1 Capital Expenditures/Acquisitions  43.8 52.1 Net cash provided by operating activities 137.5 142.1 Number of shareholders of record  169 170 Number of employees  1,978 1,992