{ "docId": "019de517-6c82-72ae-b596-3cd07bd74079", "docSlug": "0c3a3f6010f6faa3789661a10c1b678f", "documentTitle": "MP Materials | Results Presentation Deck | 17 slides", "authorId": "mp-materials", "authorName": "MP Materials", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 12, "pageCount": 17, "prevPage": 11, "nextPage": 13, "slideType": "revenue_buildup", "function": "decompose_segments", "density": "dense", "nDataPoints": 36, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-6c82-72ae-b596-3cd07bd74079/12", "deckHref": "/decks/019de517-6c82-72ae-b596-3cd07bd74079", "deckJsonHref": "/decks/019de517-6c82-72ae-b596-3cd07bd74079.json", "deckAnchorHref": "/decks/019de517-6c82-72ae-b596-3cd07bd74079#slide-12", "components": [ { "bbox": { "h": 0.19, "w": 0.79, "x": 0.059, "y": 0.789 }, "kind": "source-note", "text": "1. Principally included in \"Selling, general and administrative\" within our unaudited Condensed Consolidated Statements of Operations.\n2. Relates to certain costs included in \"Advanced projects, start-up, development and other\" within our unaudited Condensed Consolidated Statements of Operations that do not qualify for capitalization incurred in connection with the\ninitial commissioning and starting up of our separations capability at Mountain Pass and our metal alloy and magnet-making capabilities at Fort Worth prior to the achievement of commercial production. These costs include payroll of\nemployees directly involved in such commissioning activities, training costs, costs of testing and commissioning the new circuits and processes, and other related costs. Given the nature and scale of the related costs and activities,\nmanagement does not view these as normal, recurring operating expenses, but rather as non-recurring investments to develop such capabilities. Therefore, we believe it is useful and necessary for investors to understand our core\noperating performance in current and future periods by excluding the impact of these start-up costs.\n3. The majority of the amounts are included in \"Advanced projects, start-up, development and other\" within our unaudited Condensed Consolidated Statements of Operations, and pertain to legal, professional services, and other costs\nassociated with non-recurring transactions.\n4. Amounts for the three months ended September 30, 2023, and June 30, 2023, principally relate to demolition costs incurred in connection with demolishing and removing certain out-of-use older facilities and infrastructure from the\nMountain Pass site to accommodate future expansion in rare earth processing.\n5. Principally comprised of interest and investment income.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "45492f3d-abd7-4614-94d7-f2f08c42456b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.457, "w": 0.889, "x": 0.056, "y": 0.302 }, "kind": "table", "text": "Net income (loss) Adjusted for: Depreciation, depletion and amortization Interest expense, net Income tax expense (benefit) Stock-based compensation expense (1) Start-up costs (2) Transaction-related and other non-recurring costs (3) Accretion of asset retirement and environmental obligations Loss on disposals of long-lived assets, net (4) Other income, net (5) Adjusted EBITDA", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f53e2109-eaeb-4504-99e4-566d91285d96", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.879, "x": 0.059, "y": 0.08 }, "kind": "title", "text": "Reconciliation: Net Income (Loss) to Adjusted EBITDA", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "be2f47a0-7408-4ddd-b398-98cba14a7da9", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "1385d7cc-9646-41a9-8172-0b58604e281f", "evidence": "table/data: Net income (loss) Adjusted for: Depreciation, depletion and amortization Interest expense, net Income tax expense (benefit) Stock-based compensation expense (1) Start-up costs (2) Transaction-related and othe", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 17, "from": 10, "beatId": "9b1e178b-f176-489d-8203-871713b59ee1", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The appendix and detailed reconciliations provide supporting information for investors", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 17, "from": 10, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "6bb82ea1-7cd4-4a4b-9ce2-ff7abc133792", "evidence": "The detailed reconciliations and calculations provide a comprehensive view of the company's financial situation", "position": 1, "objective": "To highlight the benefits of MP Materials' strategy by providing detailed financial information", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }