Slide 1: Earnings Summary Second Quarter 2021
Earnings Summary July 27, 2021 Second Quarter 2021 Exhibit 99.2
Slide 2: Forward-looking statements
This presentation contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-lo
Slide 3: Second Quarter 2021 Financial Summary
+27%1$571M REVENUE +47%$139M OPERATING INCOME +30% $0.85 DILUTED NON-GAAP EPS 2 +320 bps24.3%3 OPERATING MARGIN 1. All growth data on this slide is year-on-year. 2. See appendix for GAAP to non-GAAP reconciliations. 3. As a % of net sales. 3 $0.65 DILUTED GAAP EPS +42% Second Quarter 2021 Financial
Slide 4: Summary – Consolidated Statement of Operations (GAAP)
4 $ in millions, except per share data 2Q21 2Q21 Guidance 1Q21 2Q20 2Q21 over 2Q20 2Q21 over 1Q21 Net Revenue $571.4 $530 - $545 $512.8 $448.4 27.4% 11.4% Gross Margin 46.4% 45.8% 46.2% Operating Expenses $126.5 $122 - $124 $121.0 $112.7 12.3% 4.5% Operating Income $138.9 $114.0 $94.7 46.6% 21.9% Op
Slide 5: Summary – Consolidated Statement of Operations (Non-GAAP)
5 $ in millions, except per share data 2Q21 2Q21 Guidance 1Q21 2Q20 2Q21 over 2Q20 2Q21 over 1Q21 Net Revenue $571.4 $530 - $545 $512.8 $448.4 27.4% 11.4% Adjusted Gross Margin – as a % of Net Sales2 46.4% 45.8% 46.0% Non-GAAP Operating Expenses3 $113.8 $108 - $110 $107.0 $95.4 19.2% 6.4% Adjusted O
Slide 6: Specialty Chemicals and Engineered Materials (SCEM) 2Q21 Highlights
6 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Sales growth was primarily driven by specialty gases, advanced deposition materials and advanced coatings. –––––– The increase in segment profit margin (adjusted) was primarily related to higher sales volume and a
Slide 7: Microcontamination Control (MC) 2Q21 Highlights
7 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Microcontamination Control (MC) 2Q21 Highlights $ in millions 2Q21 1Q21 2Q20 2Q21 over 2Q20 2Q21 over 1Q21 Net Revenue $227.5 $207.1 $183.8 23.8% 9.9% Segment Profit $78.1 $70.6 $62.1 25.7% 10.7% Segment Profit Mar
Slide 8: Advanced Materials Handling (AMH) 2Q21 Highlights
8 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Advanced Materials Handling (AMH) 2Q21 Highlights $ in millions 2Q21 1Q21 2Q20 2Q21 over 2Q20 2Q21 over 1Q21 Net Revenue $172.5 $148.5 $126.4 36.4% 16.1% Segment Profit $42.1 $32.1 $22.8 84.5% 31.2% Segment Profit
Slide 9: Summary – Balance Sheet Items
9 $ in millions 2Q21 1Q21 2Q20 $ Amount % Total $ Amount % Total $ Amount % Total Cash & Cash Equivalents $401.0 14.0% $548.5 18.7% $532.7 19.0% Accounts Receivable, net $309.9 10.8% $282.6 9.6% $275.6 9.8% Inventories $387.6 13.5% $358.8 12.2% $332.9 11.9% Net PP&E $563.3 19.6% $542.6 18.5% $475.2
Slide 10: Cash Flows
10 $ in millions 2Q21 1Q21 2Q20 Beginning Cash Balance $548.5 $580.9 $335.1 Cash provided by operating activities $81.9 $53.1 $130.0 Capital expenditures ($41.8) ($43.3) ($24.3) Proceeds from revolving credit facilities and long-term debt 451.0 — $400.0 Payments on revolving credit facilities and lo
Slide 11: Outlook
11 GAAP $ in millions, except per share data 3Q21 Guidance 2Q21 Actual 1Q21 Actual Net Revenue $575 - $590 $571.4 $512.8 Operating Expenses $129 - $131 $126.5 $121.0 Net Income $104 - $111 $88.8 $84.7 Diluted Earnings per Common Share $0.76 - $0.81 $0.65 $0.62 Non-GAAP $ in millions, except per shar
Slide 12: Trademarks
Entegris®, the Entegris Rings Design®, and other product names are trademarks of Entegris, Inc. as listed on entegris.com/trademarks. All product names, logos, and company names are trademarks or registered trademarks of their respective owners. Use of them does not imply any affiliation, sponsorshi
Slide 13: Appendix
Appendix Entegris
Slide 14: Reconciliation of GAAP Gross Profit to Adjusted Gross Profit
14 Reconciliation of GAAP Gross Profit to Adjusted Gross Profit Three months ended Six months ended $ in thousands July 3, 2021 June 27, 2020 April 3, 2021 July 3, 2021 June 27, 2020 Net sales $571,352 $448,405 $512,844 $1,084,196 $860,732 Gross profit-GAAP $265,384 $207,372 $234,986 $500,370 $392,8
Slide 15: Reconciliation of GAAP Operating Expenses and Tax Rate to Non-GAAP
15 Reconciliation of GAAP Operating Expenses and Tax Rate to Non-GAAP Operating Expenses and Tax Rate Three months ended $ in millions July 3, 2021 June 27, 2020 April 3, 2021 GAAP operating expenses $126.5 $112.7 $121.0 Adjustments to operating expenses: Deal and transaction costs — 0.5 — Integrati
Slide 16: Adjusted segment profit reconciliation
16 $ in thousands Three months ended Six months ended Adjusted segment profit July 3, 2021 June 27, 2020 April 3, 2021 July 3, 2021 June 27, 2020 SCEM segment profit $44,945 $32,938 $34,556 $79,501 $65,608 Integration costs — (1,557) — — (1,557) Severance and restructuring costs 51 455 47 98 629 Cha
Slide 17: Operating income and EBITDA reconciliation
17 $ in thousands Three Months Ended Six months ended July 3, 2021 June 27, 2020 April 3, 2021 July 3, 2021 June 27, 2020 Net sales $571,352 $448,405 $512,844 $1,084,196 $860,732 Net income $88,770 $68,036 $84,676 $173,446 $129,042 Net income – as a % of net sales 15.5% 15.2% 16.5% 16.0% 15.0% Adjus
Slide 18: GAAP net income to non-GAAP net income
18 $ in thousands, except per share data Three months ended Six months ended July 3, 2021 June 27, 2020 April 3, 2021 July 3, 2021 June 27, 2020 GAAP net income $88,770 $68,036 $84,676 $173,446 $129,042 Adjustments to net income: Charge for fair value write-up of inventory acquired — — — — 361 Deal
Slide 19: Third-Quarter Outlook Reconciliation
19 $ in millions Third-Quarter Outlook Reconciliation GAAP net income to non-GAAP net income GAAP net income $104 - $111 Adjustments to net income: Restructuring costs 2 Amortization of intangible assets 11 Income tax effect (3) Non-GAAP net income $114 - $121 Third-Quarter Outlook Reconciliation GA
Slide 20: Quarterly sales and segment profit by segment
20 $ in thousands Q219 Q319 Q419 Q120 Q220 Q320 Q420 Q121 Q221 Sales SCEM $127,552 $127,750 $146,747 $144,214 $146,213 $150,480 $168,625 $166,541 $180,366 MC 150,185 155,979 169,794 159,261 183,758 193,541 205,626 207,099 227,521 AMH 107,515 117,256 117,455 116,137 126,434 144,370 151,741 148,541 17
Slide 21: Quarterly adjusted segment profit
21 $ in thousands Q219 Q319 Q419 Q120 Q220 Q320 Q420 Q121 Q221 Sales SCEM $127,552 $127,750 $146,747 $144,214 $146,213 $150,480 $168,625 $166,541 $180,366 MC 150,185 155,979 169,794 159,261 183,758 193,451 205,626 207,099 227,521 AMH 107,515 117,256 117,455 116,137 126,434 144,370 151,741 148,541 17