{ "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": 13, "pageCount": 17, "prevPage": 12, "nextPage": 14, "slideType": "revenue_buildup", "function": "decompose_segments", "density": "dense", "nDataPoints": 27, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de517-6c82-72ae-b596-3cd07bd74079/13", "deckHref": "/decks/019de517-6c82-72ae-b596-3cd07bd74079", "deckJsonHref": "/decks/019de517-6c82-72ae-b596-3cd07bd74079.json", "deckAnchorHref": "/decks/019de517-6c82-72ae-b596-3cd07bd74079#slide-13", "components": [ { "bbox": { "h": 0.038, "w": 0.102, "x": 0.86, "y": 0.92 }, "kind": "image", "text": "MP MATERIALS", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ddeb7f07-87dc-4065-a0c3-7186312409b9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.213, "w": 0.775, "x": 0.075, "y": 0.766 }, "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 initial 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 employees 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, management 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 operating 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 associated 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 Mountain Pass site to accommodate future expansion in rare earth processing.\n5. Tax impact of adjustments is calculated using an adjusted effective tax rate, which excludes the impact of discrete tax costs and benefits, to each adjustment. The adjusted effective tax rates were 29.8%, 23.8% and 31.3% for the three months ended September 30, 2023 and 2022, and for the three months ended June 30, 2023, respectively.\n6. Reflects the impact of a release of a portion of our valuation allowance.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4e2c887c-d2b6-461d-a276-7f720966b26a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.389, "w": 0.889, "x": 0.054, "y": 0.302 }, "kind": "table", "text": "Net income (loss) (4,276) 63,177 7,395 Stock-based compensation expense 6,298 7,806 5,730 Start-up costs 7,082 1,383 3,828 Transaction-related and other non-recurring costs 1,642 502 2,160 Loss on disposals of long-lived assets, net 1,087 - 2,320 Other (1) (23) (21) Tax impact of adjustments above (4,806) (2,299) (4,389) Release of valuation allowance - (2,427) - Adjusted Net Income 7,026 68,119 17,023", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0ec3c12e-d6c1-4130-9f2d-ce730dd5da58", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.879, "x": 0.049, "y": 0.08 }, "kind": "title", "text": "Reconciliation: Net Income (Loss) to Adjusted Net Income", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0aa5111d-50e7-4334-9a6f-a6638b380f03", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "9a4e1eae-c6f4-444d-ae77-bf7f18f555a0", "evidence": "table/data: Net income (loss) (4,276) 63,177 7,395 Stock-based compensation expense 6,298 7,806 5,730 Start-up costs 7,082 1,383 3,828 Transaction-related and other non-recurring costs 1,642 502 2,160 Loss on disposals o", "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 }