Slide 1: Enpro: An Industrial Technology Leader
Enpro: An Industrial Technology Leader Sidoti Fall 2022 Small-Cap Virtual Conference September 21, 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created there
Slide 3: Enpro: Portfolio Optimization Continues
Enpro: Portfolio Optimization Continues • Entered into agreements in early September 2022 to sell GGB, the metal-polymer bearings and surface engineering solutions business, with exclusive negotiations with respect to the French operations of GGB, to The Timken Company for $305 million in cash. Tran
Slide 4: A Strong Foundation for Our Future
A Strong Foundation for Our Future Strategic Actions Position Enpro Portfolio with Industry-Leading Profitability in Secular Growth Markets Fairbanks Heavy-Duty Truck Bushing Block Air Springs Polymer Compressor GGB Strategic Review Divestitures Morse Product Lines Closed 4Q20 Closed 4Q20 Components
Slide 5: Two Attractive Segments Supported by Secular Growth Drivers
Two Attractive Segments Supported by Secular Growth Drivers Sealing Technologies1 Advanced Surface Technologies1 Safeguarding Critical Environments Leading-Edge Precision Solutions 1H:22 Financial Results 1H:22 Financial Results $309.5M $76.0M 24.6% $238.2M $72.7M 30.5% Revenue Adj. EBITDA Adj. EBIT
Slide 6: Go Forward Enpro: Positioned to Build on Momentum
Go Forward Enpro: Positioned to Build on Momentum Enpro Pro Forma 1H:22 Engineered Materials Results1 Segment Contribution to 2022 Guidance2 (at 2Q:22) $547.2M • Engineered Materials Sales: Revenue $215M - $225M $130.1M • Adjusted EBITDA: Adj. EBITDA* $34M - $36M (Includes allocated costs that will
Slide 7: Disciplined, Value-Enhancing Capital Allocation Strategy
Disciplined, Value-Enhancing Capital Allocation Strategy Investing in Long-Term Organic Return Excess Capital Debt Reduction Growth while Pursuing Strategic to Shareholders Acquisitions ✓ $136 million in debt reduction ✓ Investing in organic growth ✓ Paid $11.7 million in completed year-to-date thro
Slide 8: Positioned to Deliver Significant Shareholder Value
Positioned to Deliver Significant Shareholder Value Transformed portfolio to accelerate growth in leading-edge, industrial technology-related 1 businesses with high margins and strong cash flow 2 Enhancing aftermarket exposure, while investing in faster growth end markets Increasing cash flow return
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Slide 10: Appendix
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Slide 11: Segment Information
Segment Information For the Six Months Ended June 30, 2022 Reconciliation of Adjusted Segment EBITDA to Net Income Attributable to EnPro Industries, Inc. (Stated in Millions of Dollars) Adjusted Segment EBITDA $ 167.4 Acquisition and divestiture expenses (0.4) Sales (0.5) Non-controlling interest co
Slide 12: Consolidated Adjusted EBITDA
Consolidated Adjusted EBITDA For the Six Months Ended June 30, 2022 (Stated in Millions of Dollars) Net income attributable to EnPro Industries, Inc. $ 49.3 Net income attributable to redeemable non-controlling interests 0.2 Net income 49.5 Adjustments to arrive at earnings before interest, income t