Slide 1: Third Quarter 2024 Earnings Review
Third Quarter 2024 Earnings Review November 5, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation that express a belief, expectation or intention, including the 2024 guidance and other statements that are not historical fact, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They involve a number
Slide 3: Third Quarter 2024 Update
Third Quarter 2024 Update Eric Vaillancourt President & Chief Executive Officer
Slide 4: Overview of Financial Results
Overview of Financial Results Joe Bruderek Executive Vice President & Chief Financial Officer
Slide 5: Third Quarter 2024 Financial Performance
Third Quarter 2024 Financial Performance $ in millions, except per share data Sales Gross Profit & Margin Adjusted EBITDA* & Margin* Adjusted Diluted EPS* +4.1% +260 bps +11.1% +10.1% • Strong general industrial and • Favorable mix in Sealing Technologies, • Adjusted EBITDA* of $64.1 million • Adjus
Slide 6: Sealing Technologies – Third Quarter 2024 Performance
Sealing Technologies – Third Quarter 2024 Performance $ in millions Sales Adjusted EBITDA & Margin +4.5% +15.0% • Strength in general industrial in North America and Europe, • Adjusted segment EBITDA of $55.1 million increased 15.0% aerospace, strategic pricing initiatives, AMI and firm food and • F
Slide 7: Advanced Surface Technologies – Third Quarter 2024 Performance
Advanced Surface Technologies – Third Quarter 2024 Performance $ in millions Sales Adjusted EBITDA & Margin +3.5% -0.5% • Growth in precision cleaning solutions for advanced chip • Adjusted segment EBITDA margin narrowed 80 basis points due production offset slow wafer fab equipment demand and to un
Slide 8: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation $ in millions Net Leverage Commentary Reported September 30, 2024 • Strong balance sheet; ample liquidity consisting of Term Loans(1,2) $ 293 $206.9M in cash and $390.0M3 available under revolver Senior Notes(1) $ 350 • Free cash flow* for the nine month
Slide 9: 2024 Guidance
2024 Guidance 2024 Guidance Prior 2024 Guidance (as of November 5, 2024) (as of August 6, 2024) Revenue Down Low-Single ~$100-101M Approximately Flat Growth(1) Digits Depreciation and Amortization(2) ~$40M Adjusted Capital Expenditures $250M – $255M $260M – $270M (down from $60M EBITDA*(1) previousl
Slide 10: Closing Comments
Closing Comments Eric Vaillancourt President & Chief Executive Officer
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Slide 12: Appendix
Appendix ©
Slide 13: Attractive Portfolio of High-Margin Businesses
Enpro Inc. (NYSE: NPO) | Attractive Portfolio of High-Margin Businesses Company Overview 2024 YTD Revenue Contribution Sales by Segment Sales by Channel Sales by Geography Sales by Market Headquarters Charlotte, NC Principal Manufacturing 13 Facilities Global Employees ~3,500 Financial Overview Mark
Slide 14: Reconciliation of LTM Results
Reconciliation of LTM Results Enpro Inc. Adjusted Adjusted ($ in millions) Revenue EBITDA EBITDA Margin Nine Months Ended September 30, 2024 $ 790.3 $ 196.6 24.9% Plus: Year Ended December 31, 2023 1,059.3 238.0 22.5% Less: Nine Months Ended September 30, 2023 810.2 191.1 23.6% LTM Ended September 3
Slide 15: Consolidated Adjusted EBITDA (1/2)
Consolidated Adjusted EBITDA (1/2) For the Year Ended December 31, 2023 (In Millions) 2023 Income from continuing operations attributable to Enpro Inc., net of tax $ 10.8 Net income attributable to redeemable non-controlling interests (3.9) 6.9 Adjustments to arrive at earnings before interest, inco
Slide 16: Consolidated Adjusted EBITDA (2/2)
Consolidated Adjusted EBITDA (2/2) Quarters Ended Nine Months Ended For the Quarters and Nine Months Ended September 30, 2024 and 2023 September 30, September, (In Millions) 2024 2023 2024 2023 Income from continuing operations attributable to Enpro Inc., net of tax $ 19.8 $ 8.3 $ 59.0 $ 15.7 Net lo
Slide 17: Segment Information (1/2)
Segment Information (1/2) For the quarters and Nine Months Ended September 30, 2024 and 2023 (In Millions) Reconciliation of Income from Continuing Operations Attributable to Enpro Inc., Net of Tax to Adjusted Segment EBITDA Quarters Ended Nine Months Ended Sales September 30, September 30, Quarters
Slide 18: Segment Information (2/2)
Segment Information (2/2) For the quarters and Nine Months Ended September 30, 2024 and 2023 (In Millions) Quarter Ended September 30, 2023 Quarter Ended September 30, 2024 Advanced Advanced Sealing Surface Total Sealing Surface Total Technologies Technologies Segments Technologies Technologies Segm
Slide 19: Consolidated Adjusted Net Income
Consolidated Adjusted Net Income (In Millions, Except Per Share Data) Quarters Ended September 30, (In Millions, Except Per Share Data) Nine Months Ended September 30, 2024 2023 2024 2023 Average Average Average Average common common common common shares shared shares shared outstanding, Per outstan
Slide 20: Free Cash Flow
Free Cash Flow (In Millions) Free Cash Flow - Nine Months Ended September 30, 2024 Net cash provided by operating activities $ 103.5 Purchases of property, plant, and equipment (18.8) Payments for capitalized internal-use software (1.9) $ 82.8 Free Cash Flow - Nine Months Ended September 30, 2023 Ne