Slide 1: Fourth Quarter & Full Year 2021 Earnings Review
Fourth Quarter & Full Year 2021 Earnings Review February 22, 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They involve a number of risks and uncertainties that
Slide 3: Full Year 2021 Review
Full Year 2021Review Eric Vaillancourt President & Chief Executive Officer
Slide 4: 2021 Full-Year Performance
2021 Full-Year Performance $ in millions Sales Adjusted EBITDA* & Margin* +6.3% +23.8% • Sales increased 6.3% compared to 2020. On an organic basis, • Adjusted EBITDA increased 23.8% compared to 2020. Adjusted sales grew 14.4% EBITDA margin of 18.3% increased 260 basis points compared to the prior y
Slide 5: Fourth Quarter 2021 Financial Results
Fourth Quarter 2021 Financial Results Milt Childress Executive Vice President & Chief Financial Officer
Slide 6: Q4 2021 Financial Performance
Q4 2021 Financial Performance $ in millions, except per share data Sales Gross Profit & Margin Adjusted EBITDA* & Margin* Adjusted Diluted EPS* +1.7% -2.7% -0.8% -0.8% • Momentum in the semiconductor, • Gross margin contraction driven primarily • Adjusted EBITDA declined 0.8% driven • Adjusted dilut
Slide 7: Sealing Technologies – Q4 2021 Performance
Sealing Technologies – Q4 2021 Performance $ in millions Sales Adjusted EBITDA & Margin -7.0% -12.3% • Sales decrease driven by divestitures completed in 2020 and • Adjusted segment EBITDA decreased 12.3% versus the prior-year period 2021 due to divestitures • Organic sales increased 12.0% driven pr
Slide 8: Advanced Surface Technologies – Q4 2021 Performance
Advanced Surface Technologies – Q4 2021 Performance $ in millions Sales Adjusted EBITDA & Margin +38.5% +35.7% • Sales increase driven primarily by strong demand in the • Adjusted segment EBITDA increased 35.7%, driven primarily by the semiconductor market and the addition of Alluxa and NxEdge acqui
Slide 9: Engineered Materials – Q4 2021 Performance
Engineered Materials – Q4 2021 Performance $ in millions Sales Adjusted EBITDA & Margin -7.3% -21.9% • Sales decline driven by divestitures of the GGB bushing block • Adjusted segment EBITDA decreased 21.9%, driven primarily by and CPI businesses raw material inflation and supply chain headwinds as
Slide 10: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation Net Debt Commentary December 31, 2021, $ in millions • Ample liquidity consisting of $338.1M cash, and Credit Facility $ 175 $213.6M available for borrowing under revolving credit Senior Notes1 $ 347 facility3 Term Loan1,2 $ 604 • Free cash flow* for the
Slide 11: 2022 Guidance
2022 Guidance 2022 Guidance* (as of 2/22/22) Revenue Growth Low Double-Digits Adjusted EBITDA $263M – $275M Adjusted Diluted EPS** $6.70 – $7.25 Assumptions: 2022 Interest Expense ($ in Millions) • Depreciation and other amortization of $37M to $39M Interest Expense, Before Net Investment Hedge $38-
Slide 12: Closing Comments
Closing Comments Eric Vaillancourt President & Chief Executive Officer
Slide 13: Closing Comments
Closing Comments Enpro is a Leading Industrial Technology Company Offering Differentiated and Critical Products and Services to a Variety of Markets with Above-Average Growth and Superior Profitability Results demonstrate the benefits of our clear and consistent strategy, agility, disciplined cost m
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Slide 15: Appendix
Appendix
Slide 16: Enpro (NYSE: NPO) | Attractive Portfolio of Businesses
Enpro (NYSE: NPO) | Attractive Portfolio of Businesses Company Overview 2021 Revenue Contribution Sales by Segment Sales by Channel Sales by Geography Pro Forma Sales by Market4 Headquarters Charlotte, NC Principal Manufacturing and 19 Service Facilities Global Employees ~4,400 Financial Overview Ma
Slide 17: Consolidated Adjusted EBITDA
Consolidated Adjusted EBITDA 1Non-controlling interest compensation allocation represents compensation expense associated with a portion of the rollover equity from the acquisitions of LeanTeq and Alluxa that is subject to reduction for certain types of employment terminations of the LeanTeq and All
Slide 18: Segment Adjusted EBITDA
Segment Adjusted EBITDA 2021 Q4 Earnings Review 18
Slide 19: Segment Information
Segment Information 2021 Q4 Earnings Review 19
Slide 20: Consolidated Adjusted Net Income
Consolidated Adjusted Net Income (Stated in Millions of Dollars, Except Per Share Data) Management of the Company believes that it would be helpful to the readers of the financial statements to understand the impact of certain selected items on the Company's reported income from continuing operation
Slide 21: Free Cash Flow
Free Cash Flow (Stated in Millions of Dollars) 2021 Q4 Earnings Review 21