MP Materials Results Presentation Deck
Financial Metrics
Change in revenue reflects market pricing
for rare earth materials and lower
concentrate sales as discussed on the
previous slide.
$124.4
7
Revenues
$64.0
$52.5
Q3 2022 Q2 2023 Q3 2023
Change in Adjusted EBITDA reflects
market pricing as well as transition to
separated product production.
Comparable Financial Metrics - Sequential and Year-over-Year(¹)
Adjusted EBITDA (²)
$91.4
$27.0
$15.6
Q3 2022 Q2 2023 Q3 2023
Demonstrated margin resilience despite
difficult pricing compares.
2022
Adjusted EBITDA Margin
73%
2023
42%
Q3 2022 Q2 2023
1. All figures in millions except for margins and per share amounts.
2. See Appendix for reconciliation of Adjusted EBITDA and Adjusted Diluted EPS to the most directly comparable financial measure prepared in accordance with U.S. GAAP.
30%
Q3 2023
Comparisons impacted by flow-through
of earnings.
Adjusted Diluted EPS(2)
$0.36
IT.
$0.09
Q2 2023 Q3 2023
Q3 2022
$0.04
MP MATERIALSView entire presentation