Slide 1: Investor Presentation – Sidoti Spring Small Cap Conference
Investor Presentation Sidoti Spring Small Cap Conference March 13, 2024 Enpro Investor Presentation February-March 2024
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: Positioned to Deliver Significant Shareholder Value
Positioned to Deliver Significant Shareholder Value 1 2 3 Transformed portfolio to accelerate Strong aftermarket exposure Increasing cash flow return on growth in leading-edge, industrial with critical applications, investment through portfolio technology-related businesses with high serving faster
Slide 4: Enpro (NYSE: NPO) | Attractive Portfolio of Businesses
Enpro (NYSE: NPO) | Attractive Portfolio of Businesses Company Overview 2023 Revenue Contribution Sales by Segment Sales by Channel Sales by Geography Sales by Market Headquarters Charlotte, NC Principal Manufacturing and 13 Service Facilities Global Employees ~3,500 Financial Overview Market-Cap1 $
Slide 5: Sealing Technologies
Sealing Technologies Profile Select Products • Composed of Garlock, STEMCO, and Technetics divisions • Enduring, applied engineering expertise using leading-edge technologies and processes • Strong aftermarket in critical applications that safeguard environments • Extensive proprietary knowledge • D
Slide 6: Advanced Surface Technologies
Advanced Surface Technologies Profile Solutions • Composed of our semiconductor – NxEdge – Technetics Semi – LeanTeq – and innovative optical filter – Alluxa – businesses • Utilizes proprietary technologies and processes with highly differentiated products and solutions • Vertical integration strate
Slide 7: Semiconductor Market Widely Expected to Double Over The Next Decade
Semiconductor Market Widely Expected to Double Over The Next Decade Semiconductor Industry Trends AST Semiconductor Strategy NxEdge – Technetics Semi – LeanTeq Chip Architectures Evolving and Increasing in Complexity Technology Differentiation Advanced Processing Nodes Enable Artificial Intelligence
Slide 8: Disciplined, Value-Enhancing Capital Allocation Strategy
Disciplined, Value-Enhancing Capital Allocation Strategy Investing in Long-Term Organic Disciplined and Strong Balance Sheet Growth while Pursuing Balanced Capital Supports Optionality Strategic Acquisitions Allocation ✓ Investing in multiple sources of ✓ Net debt to TTM adjusted EBITDA long-term or
Slide 9: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation Net Debt Commentary December 31, 2023, $ in millions • Ample liquidity consisting of $370M cash, and $390.0M Credit Facility $ — available for borrowing under revolving credit facility4 Senior Notes1 $ 347 • Free cash flow* for the full year 2023 of $174
Slide 10: 2024 Guidance
2024 Guidance 2024 Guidance* Assumptions (at February 20, 2024) Low – Mid Single ~$97-100M Revenue Growth Digit Growth Depreciation and Amortization*** ~$60M Capital Expenditures Adjusted EBITDA** $260M – $280M ~$31-33M Net Interest Expense Adjusted Diluted EPS** $7.00 – $7.80 25% Normalized Tax Rat
Slide 11: Appendix
Appendix Enpro Investor Presentation February-March 2024 11
Slide 12: Consolidated Adjusted EBITDA
Consolidated Adjusted EBITDA For the Quarters and Years Ended December 31, 2023 and 2022 (In Millions) Quarters Ended Years Ended December 31, December 31, 2023 2022 2023 2022 Income (loss) from continuing operations attributable to Enpro Inc. $ (4.9) $ (57.5) $ 10.8 $ 6.7 Net income (loss) attribut
Slide 13: Segment Information (1/2)
Segment Information (1/2) For the Quarters and Twelve Months Ended December 31, 2023 and 2022 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 2023 2022 2023 2022 Quarter
Slide 14: Segment Information (2/2)
Segment Information (2/2) For the Quarters and Years Ended December 31, 2023 and 2022 Quarter Ended December 31, 2022 (In Millions) Advanced Quarter Ended December 31, 2023 Sealing Surface Total Advanced Technologies Technologies Segments Sealing Surface Total Acquisition and divestiture expenses $
Slide 15: Consolidated Adjusted Net Income
Consolidated Adjusted Net Income* (In Millions, Except Per Share Data) Quarters Ended December 31, Years Ended December 31, 2023 2022 2023 2022 Average Average Average Average common common common common shares shared shares shares outstanding, Per outstanding, Per outstanding, Per outstanding, Per
Slide 16: Free Cash Flow
Free Cash Flow (Stated in Millions of Dollars) Free Cash Flow - Year Ended December 31, 2023 Net cash provided by operating activities of continuing operations $ 208.4 Purchases of property, plant, and equipment (33.9) Free cash flow $ 174.5 Free Cash Flow - Year Ended December 31, 2022 Net cash pro
Slide 17: Thank you
Thank you 17 Enpro Investor Presentation February-March 2024