Enpro Inc. · NYSE:NPO
Enpro — Q4 2024 Earnings Presentation
19 slides from Enpro's earnings presentation, Feb 19, 2025
Slide 1: Fourth Quarter & Full Year 2024 Earnings Review
Fourth Quarter & Full Year 2024 Earnings Review February 19, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation that express a belief, expectation or intention, including the 2025 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: 2024 Review
2024 Review Eric Vaillancourt President & Chief Executive Officer
Slide 4: Full-Year 2024 Performance
Full-Year 2024 Performance $ in millions Sales Adjusted EBITDA* & Margin* -1.0% +7.1% • Sales decreased 1.0% compared to 2023. On an organic basis, • Adjusted EBITDA* increased 7.1%. Adjusted EBITDA margin* of sales declined 3.9% 24.3% expanded 180 basis points • Continued slowdown in semiconductor
Slide 5: Overview of Fourth Quarter 2024 Financial Results
Overview of Fourth Quarter 2024 Financial Results Joe Bruderek Executive Vice President & Chief Financial Officer
Slide 6: Fourth Quarter 2024 Financial Performance
Fourth Quarter 2024 Financial Performance $ in millions, except per share data Sales Gross Profit & Margin Adjusted EBITDA* & Margin* Adjusted Diluted EPS* +3.7% +13.5% +24.1% +31.9% • Strong demand in aerospace and • Gross margin expanded 360 basis points • Adjusted EBITDA margin* of 22.5% • Adjust
Slide 7: Sealing Technologies – Fourth Quarter 2024 Performance
Sealing Technologies – Fourth Quarter 2024 Performance $ in millions Sales Adjusted Segment EBITDA & Margin +10.9% +31.8% • Strong demand in aerospace and nuclear markets, strategic • Adjusted segment EBITDA increased 31.8% and expanded almost 500 pricing actions, the addition of AMI and recovery in
Slide 8: Advanced Surface Technologies – Fourth Quarter 2024 Performance
Advanced Surface Technologies – Fourth Quarter 2024 Performance $ in millions Sales Adjusted Segment EBITDA & Margin -6.4% -7.0% • Sales decrease driven due to continued weakness in • Adjusted segment EBITDA decreased 7.0%, driven primarily by the semiconductor capital equipment spending offset in p
Slide 9: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation Net Debt Commentary December 31, 2024, $ in millions • Ample liquidity consisting of $236.3M cash, and $390.0M available for borrowing under revolving credit Credit Facility $ — facility5 Senior Notes1 $ 350 • Free cash flow* for the full year 2024 of $1
Slide 10: 2025 Guidance
2025 Guidance 2025 Guidance (at February 19, 2025) ~$101-103M Revenue Low to Mid-Single Digits Depreciation Growth and Amortization(1) ~$50M Capital Expenditures Adjusted $262M – $277M EBITDA* ~$34-36M Net Interest Expense Adjusted Diluted 25% $7.00 – $7.70 EPS*(1) Normalized Tax Rate * Full-year gu
Slide 11: Closing Comments
Closing Comments Eric Vaillancourt President & Chief Executive Officer
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Slide 13: Appendix
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Slide 14: Attractive Portfolio of High-Margin Businesses
Enpro Inc. (NYSE: NPO) | Attractive Portfolio of High-Margin Businesses Company Overview 2024 Revenue Contribution Sales by Segment Sales by Channel Sales by Geography Sales by Market Headquarters Charlotte, NC Principal Manufacturing 15 Facilities Global Employees ~3,500 Financial Overview Market-C
Slide 15: Consolidated Adjusted EBITDA
Consolidated Adjusted EBITDA For the Quarters and Years Ended December 31, 2024 and 2023 (In Millions) Quarters Ended Years Ended December 31, December 31, 2024 2023 2024 2023 Income (loss) from continuing operations attributable to Enpro Inc. $ 13.9 $ (4.9) $ 72.9 $ 10.8 Net income (loss) attributa
Slide 16: Segment Information (1/2)
Segment Information (1/2) For the Quarters and Years Ended December 31, 2024 and 2023 Reconciliation of Adjusted Segment EBITDA to Income from Continuing Operations Attributable to Enpro Inc. (In Millions) Quarters Ended Years Ended December 31, December 31, Sales 2024 2023 2024 2023 Quarters Ended
Slide 17: Segment Information (2/2)
Segment Information (2/2) For the Quarters and Years Ended December 31, 2024 and 2023 (In Millions) Quarter Ended December 31, 2024 Quarter Ended December 31, 2023 Advanced Advanced Sealing Surface Total Sealing Surface Total Technologies Technologies Segments Technologies Technologies Segments Acqu
Slide 18: Consolidated Adjusted Net Income*
Consolidated Adjusted Net Income* (In Millions, Except Per Share Data) Quarters Ended December 31, Years Ended December 31, 2024 2023 2024 2023 Average Average Average Average common common common common shares shared shares shares outstanding, Per outstanding, Per outstanding, Per outstanding, Per
Slide 19: Free Cash Flow
Free Cash Flow (In Millions) Free Cash Flow - Year Ended December 31, 2024 Net cash provided by operating activities of continuing operations $ 162.9 Purchases of property, plant, and equipment (29.1) Payments for capitalized internal-use software (3.8) Free cash flow $ 130.0 Free Cash Flow - Year E