Slide 1: Earnings Summary Third Quarter FY 2016
Earnings Summary Third Quarter FY 2016 October 26, 2016 Exhibit 99.2
Slide 2: Safe Harbor
SAFE HARBOR Certain information contained in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ
Slide 3: Summary – Consolidated Statement of Operations (GAAP)
$ in millions, except per share data 3Q16 3Q16 Guidance 2Q16 3Q15 3Q16 over 2Q16 3Q16 over 3Q15 Net Revenue $296.7 $285 to $300 $303.1 $270.3 (2.1%) 9.8% Gross Margin 41.5% 45.9% 43.0% Operating Expenses $88.3 $92.8 $85.2 (4.8%) 3.6% Operating Income $34.7 $46.4 $31.1 (25.2%) 11.6% Operating Margin
Slide 4: Summary – Consolidated Statement of Operations (Non-GAAP)
$ in millions, except per share data 3Q16 3Q16 Guidance 2Q16 3Q15 3Q16 over 2Q16 3Q16 over 3Q15 Net Revenue $296.7 $285 to $300 $303.1 $270.3 (2.1%) 9.8% Adjusted Gross Margin2 43.6% 45.9% 43.0% Non-GAAP Operating Expenses3 $75.4 $81.7 $71.5 (7.7%) 5.5% Adjusted Operating Income $53.9 $57.5 $44.8 (6
Slide 5: Summary – Consolidated Statement of Operations (GAAP), Nine Months
$ in millions, except per share data Nine Months Ended October 1, 2016 Nine Months Ended September 26, 2015 Year-over-Year Net Revenue $866.8 $814.3 6.4% Gross Margin 43.5% 44.3% Operating Expenses $266.3 $263.0 1.3% Operating Income $110.6 $98.0 12.9% Operating Margin 12.8% 12.0% Tax Rate 16.8% 19.
Slide 6: Summary – Consolidated Statement of Operations (Non-GAAP), Nine Months
$ in millions, except per share data Nine Months Ended October 1, 2016 Nine Months Ended September 26, 2015 Year-over-Year Net Revenue $866.8 $814.3 6.4% Adjusted Gross Margin2 44.2% 44.3% Non-GAAP Operating Expenses3 $231.0 $220.0 5.0% Adjusted Operating Income $152.2 $140.9 8.0% Adjusted Operating
Slide 7: Results by Segment
Excludes amortization of intangibles and unallocated expenses. Segment profit for Critical Materials Handling for the three months ended October 1, 2016 includes charges for impairment of equipment and severance related to organizational realignment totaling $7,518. Segment profit for Electronic Mat
Slide 8: Revenue by Geography
REVENUE BY GEOGRAPHY Revenue By Geography Asia Japan Europe U.S. Quarter-to-Quarter Revenue by Geography $ in millions 2Q16 3Q16 2Q16 3Q16 2Q16 3Q16 Q3 2016 2Q16 3Q16
Slide 9: Summary – Balance Sheet Items
$ in millions 3Q16 2Q16 3Q15 $ Amount % Total $ Amount % Total $ Amount % Total Cash & Cash Equivalents $411.8 24.0% $373.7 22.0% $301.1 18.1% Accounts Receivable, net $167.6 9.8% $180.6 10.7% $184.3 11.1% Inventories $186.0 10.9% $181.1 10.7% $188.4 11.3% Net PP&E $315.5 18.4% $322.7 19.0% $315.7 1
Slide 10: Adjusted EBITDA Margin
Note: See Reconciliation of GAAP Income to Adjusted Operating Income and Adjusted EBITDA on page 15 of this presentation. ADJUSTED EBITDA MARGIN
Slide 11: Cash Flows
$ in millions 3Q16 2Q16 3Q15 Beginning Cash Balance $373.7 $344.4 $313.7 Cash from operating activities 71.9 61.2 32.6 Capital expenditures (13.1) (14.3) (21.5) Payments on long-term debt (25.0) (25.0) (25.0) Other investing activities 0.1 0.8 0.5 Other financing activities (0.2) 2.3 1.9 Effect of e
Slide 12: Outlook
OUTLOOK GAAP $ in millions, except per share data 4Q16 Guidance 3Q16 4Q15 Net Revenue $275 to $290 $296.7 $266.8 Gross Margin 41.5% 41.0% Operating Expenses $85 to $87 $88.3 $89.2 Net Income $20 to $26 $21.9 $17.6 EPS $0.14 to $0.18 $0.15 $0.12 $ in millions, except per share data 4Q16 Guidance 3Q16
Slide 13: Entegris trademarks notice
Entegris® and the Entegris Rings Design® are trademarks of Entegris, Inc. ©2016 Entegris, Inc. All rights reserved.
Slide 14: Appendix: Non-GAAP Reconciliation Tables
APPENDIX: NON-GAAP RECONCILIATION TABLES
Slide 15: Reconciliation of GAAP to Adjusted Operating Income and Adjusted EBITDA
NON-GAAP RECONCILIATION TABLE RECONCILIATION OF GAAP TO ADJUSTED OPERATING INCOME AND ADJUSTED EBITDA In thousands (unaudited) Three months ended Nine months ended October 1, 2016 September 26, 2015 July 2, 2016 October 1, 2016 September 26, 2015 Net sales $296,692 $270,253 $303,052 $866,768 $814,33
Slide 16: Reconciliation of GAAP Profit to Adjusted Gross Profit
NON-GAAP RECONCILIATION TABLE RECONCILIATION OF GAAP PROFIT TO ADJUSTED GROSS PROFIT Three months ended Nine months ended October 1, 2016 September 26, 2015 July 2, 2016 October 1, 2016 September 26, 2015 Net sales $296,692 $270,253 $303,052 $866,768 $814,335 Gross profit-GAAP $122,980 $116,310 $139
Slide 17: Reconciliation of GAAP to Non-GAAP Earnings Per Share
NON-GAAP RECONCILIATION TABLE RECONCILIATION OF GAAP TO NON-GAAP EARNINGS PER SHARE Three months ended Nine months ended October 1, 2016 September 26, 2015 July 2, 2016 October 1, 2016 September 26, 2015 Net income $21,947 $23,403 $32,890 $71,049 $62,723 Adjustments to net income: Severance related