Slide 1: Earnings Summary Second Quarter 2022
Earnings Summary August 2, 2022 Second Quarter 2022 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 2022 Financial Summary
+21%$692M REVENUE +14%$158M OPERATING INCOME +12% $1.00 DILUTED NON-GAAP EPS 2 -150 bps22.8%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 $0.73 DILUTED GAAP EPS +18% Second Quarter 2022 Financial S
Slide 4: Summary – Consolidated Statement of Operations (GAAP)
4 $ in millions, except per share data 2Q22 2Q22 Guidance 1Q22 2Q21 2Q22 over 2Q21 2Q22 over 1Q22 Net Revenue $692.5 $660 - $680 $649.6 $571.4 21.2% 6.6% Gross Margin 44.8% 47.7% 46.4% Operating Expenses $152.4 $163 - $165 $146.5 $126.5 20.5% 4.1% Operating Income $158.0 $163.3 $138.9 13.7% (3.3%) O
Slide 5: Summary – Consolidated Statement of Operations (Non-GAAP)
5 $ in millions, except per share data 2Q22 2Q22 Guidance 1Q22 2Q21 2Q22 over 2Q21 2Q22 over 1Q22 Net Revenue $692.5 $660 - $680 $649.6 $571.4 21.2% 6.6% Adjusted Gross Margin – as a % of Net Sales2 44.8% 47.7% 46.4% Non-GAAP Operating Expenses3 $127.4 $134 - $136 $127.6 $113.8 11.9% (0.2%) Adjusted
Slide 6: Specialty Chemicals and Engineered Materials (SCEM) 2Q22 Highlights
6 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Sales growth (YOY) was primarily driven by advanced deposition materials and surface preparation solutions. –––––– Segment profit margin (adjusted) decrease (YOY) was primarily driven by FX impact on gross margin.
Slide 7: Microcontamination Control (MC) 2Q22 Highlights
7 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Microcontamination Control (MC) $ in millions 2Q22 1Q22 2Q21 2Q22 over 2Q21 2Q22 over 1Q22 Net Revenue $274.1 $266.6 $227.5 20.5% 2.8% Segment Profit $100.1 $98.6 $78.1 28.1% 1.5% Segment Profit Margin 36.5% 37.0%
Slide 8: Advanced Materials Handling (AMH) 2Q22 Highlights
8 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Advanced Materials Handling (AMH) $ in millions 2Q22 1Q22 2Q21 2Q22 over 2Q21 2Q22 over 1Q22 Net Revenue $224.1 $198.1 $172.5 29.9% 13.1% Segment Profit $46.9 $46.7 $42.1 11.5% 0.5% Segment Profit Margin 20.9% 23.6
Slide 9: Summary – Balance Sheet Items
9 $ in millions 2Q22 1Q22 2Q21 $ Amount % Total $ Amount % Total $ Amount % Total Cash, Cash Equivalents & Restricted Cash $2,743.2 46.8% $352.7 10.7% $401.0 14.0% Accounts Receivable, net $381.3 6.5% $372.8 11.4% $309.9 10.8% Inventories $583.8 10.0% $545.6 16.6% $387.6 13.5% Net PP&E $779.6 13.3%
Slide 10: Cash Flows
10 $ in millions 2Q22 1Q22 2Q21 Beginning Cash Balance $352.7 $402.6 $548.5 Cash provided by operating activities 110.9 63.8 81.9 Capital expenditures (107.7) (84.4) (41.8) Proceeds from revolving credit facilities and long-term debt 2,527.3 79.0 451.0 Payments on revolving credit facilities and lon
Slide 11: Outlook
11 Outlook For the third quarter ending October 1, 2022, the Company expects sales (for the combined company) of $1.00 billion to $1.04 billion and EBITDA of approximately 30 percent of sales. The foregoing forward looking guidance measures (other than revenue) are provided on a non-GAAP basis witho
Slide 12: Trademark notice
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 2, 2022 July 3, 2021 April 2, 2022 July 2, 2022 July 3, 2021 Net sales $692,489 $571,352 $649,646 $1,342,135 $1,084,196 Gross profit-GAAP $310,397 $265,384 $309,820 $620,217 $500,3
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 2, 2022 July 3, 2021 April 2, 2022 GAAP operating expenses $152.4 $126.5 $146.5 Adjustments to operating expenses: Deal and transaction costs 2.4 — 5.0 Integrat
Slide 16: Adjusted segment profit reconciliation
16 $ in thousands Three months ended Six months ended Adjusted segment profit July 2, 2022 July 3, 2021 April 2, 2022 July 2, 2022 July 3, 2021 SCEM segment profit $45,718 $44,945 $48,851 $94,569 $79,501 Severance and restructuring costs — 51 — — 98 Charge for fair value write-up of acquired invento
Slide 17: Reconciliation of GAAP Operating Income to Adjusted Operating Income and EBITDA
17 $ in thousands Three Months Ended Six months ended July 2, 2022 July 3, 2021 April 2, 2022 July 2, 2022 July 3, 2021 Net sales $692,489 $571,352 $649,646 $1,342,135 $1,084,196 Net income $99,491 $88,770 $125,705 $225,196 $173,446 Net income – as a % of net sales 14.4% 15.5% 19.3% 16.8% 16.0% Adju
Slide 18: Reconciliation of GAAP Net Income to Non-GAAP Net Income and EPS
18 $ in thousands, except per share data Three months ended Six months ended July 2, 2022 July 3, 2021 April 2, 2022 July 2, 2022 July 3, 2021 GAAP net income $99,491 $88,770 $125,705 $225,196 $173,446 Adjustments to net income: Deal and transaction costs 2,410 — 5,008 7,418 — Integration costs 10,1
Slide 19: Quarterly sales and segment profit by segment
19 $ in thousands Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Sales SCEM $146,213 $150,480 $168,625 $166,541 $180,366 $176,380 $188,004 $196,421 $207,729 MC 183,758 193,541 205,626 207,099 227,521 225,877 258,866 266,637 274,133 AMH 126,434 144,370 151,741 148,541 172,502 186,200 197,703 198,113 22
Slide 20: Quarterly adjusted segment profit by segment
20 $ in thousands Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Sales SCEM $146,213 $150,480 $168,625 $166,541 $180,366 $176,380 $188,004 $196,421 $207,729 MC 183,758 193,451 205,626 207,099 227,521 225,877 258,866 266,637 274,133 AMH 126,434 144,370 151,741 148,541 172,502 186,200 197,703 198,113 22