Slide 1: Second Quarter 2022 Earnings Review
Second Quarter 2022 Earnings Review August 2, 2022
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: Q2 2022 Update
Q2 2022 Update Eric Vaillancourt President & Chief Executive Officer
Slide 4: Q2 2022 Highlights
Q2 2022 Highlights Strong Execution Outstanding Quarterly Results Strategic Focus 9.5% All three segments showed Remain focused on leading- organic revenue growth and edge critical products and operating leverage year solutions, with high-margins, over year Sales (organically) strong cash flow and r
Slide 5: Overview of Financial Results
Overview of Financial Results Milt Childress Executive Vice President & Chief Financial Officer
Slide 6: Q2 2022 Financial Performance
Q2 2022 Financial Performance $ in millions, except per share data Sales Gross Profit & Margin Adjusted EBITDA* & Margin* Adjusted Diluted EPS* +11.6% Flat +43.4% +48.7% • Positive momentum in the • Gross margins flat year-over-year as • Adjusted EBITDA* of $82.0 million • Adjusted diluted earnings
Slide 7: Sealing Technologies – Q2 2022 Performance
Sealing Technologies – Q2 2022 Performance $ in millions Sales Adjusted EBITDA & Margin -4.1% +0.2% • Reported sales decrease driven by the impact of the divestiture • Adjusted segment EBITDA of $42.5 million essentially flat of the polymer components business completed in September compared to the
Slide 8: Advanced Surface Technologies – Q2 2022 Performance
Advanced Surface Technologies – Q2 2022 Performance $ in millions Sales Adjusted EBITDA & Margin +105.4% +142.3% • Sales increase driven primarily by the acquisition of NxEdge • Adjusted segment EBITDA increase driven primarily by the completed in December 2021 and continued strong demand NxEdge acq
Slide 9: Engineered Materials – Q2 2022 Performance
Engineered Materials – Q2 2022 Performance $ in millions Sales Adjusted EBITDA & Margin -29.4% -26.9% • Reported sales decline driven primarily by the CPI divestiture • Adjusted segment EBITDA decreased 26.9% over the prior-year completed in December 2021 and weakness in the European period driven p
Slide 10: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation $ in millions Net Leverage Commentary Reported June 30, 2022 • Strong balance sheet; ample liquidity consisting of $222 Credit Facility $ 95 million cash and $294 million4 available under revolver Term Loans1,2 $ 549 • Free cash flow* for the six months
Slide 11: Raising 2022 Guidance
Raising 2022 Guidance 2022 Guidance Commentary Previous 2022 Guidance* Current 2022 Guidance* (as of 5/2/22) (as of 8/2/22) • Key Assumptions – • Depreciation and other amortization of $36 to $38M Revenue Growth Low Double-Digits Low-to-Mid Double-Digits • Net interest expense of $33M to $36M Adjust
Slide 12: Closing Comments
Closing Comments Eric Vaillancourt President & Chief Executive Officer
Slide 13: Closing Comments
Closing Comments Enpro is a leading industrial technology company with a focus on leading-edge products and solutions that safeguard critical environments in a variety of secular growth markets Results demonstrate the benefits of our clear and consistent strategy, agility, discipline and market lead
Slide 14: <{ CG ©
<{ 03 CG ©
Slide 15: Appendix
Appendix ©
Slide 16: Enpro (NYSE: NPO) | Attractive Portfolio of Businesses
Enpro (NYSE: NPO) | Attractive Portfolio of Businesses Company Overview 2021 Revenue Contribution Sales by Segment Sales by Channel Sales by Geography Pro Forma Sales by Market4 Headquarters Charlotte, NC Principal Manufacturing 19 Facilities Global Employees ~4,400 Financial Overview Market-Cap1 $1
Slide 17: Reconciliation of LTM Results
Reconciliation of LTM Results EnPro Industries, Inc. Adjusted Adjusted ($ in millions) Revenue EBITDA* EBITDA Margin* Six Months Ended June 30, 2022 $ 662.0 $ 150.0 22.7% Plus: Year Ended December 31, 2021 1,141.8 208.4 18.3% Less: Six Months Ended June 30, 2021 577.9 109.3 18.9% LTM Ended June 30,
Slide 18: Consolidated Adjusted EBITDA (1/2)
Consolidated Adjusted EBITDA (1/2) For the Years Ended December 31, 2021 and 2020 (In Millions) 1Non-controlling interest compensation allocation represents compensation expense associated with a 2021 2020 portion of the rollover equity from the acquisitions of Income (loss) from continuing operatio
Slide 19: Consolidated Adjusted EBITDA (2/2)
Consolidated Adjusted EBITDA (2/2) For the Quarters and Six Months Ended June 30, 2022 and 2021 (In Millions) Quarters Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net income attributable to EnPro Industries, Inc. $ 33.1 $ 29.3 $ 49.3 $ 47.3 Net income (loss) attributable to redeemab
Slide 20: Segment Information (1/2)
Segment Information (1/2) For the Quarters and Six Months Ended June 30, 2022 and 2021 Reconciliation of Adjusted Segment EBITDA to Net Income Attributable to EnPro Industries, Inc. (In Millions) Quarters Ended Six Months Ended June 30, June 30, Sales 2022 2021 2022 2021 Quarters Ended Six Months En
Slide 21: Segment Information (2/2)
Segment Information (2/2) For the Quarters and Six Months Ended June 30, 2022 and 2021 (In Millions) Quarter Ended June 30, 2022 Quarter Ended June 30, 2021 Advanced Sealing Surface Engineered Total Advanced Technologies Technologies Materials Segments Sealing Surface Engineered Total Technologies T
Slide 22: Consolidated Adjusted Net Income
Consolidated Adjusted Net Income (In Millions, Except Per Share Data) Quarters Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Average Average Average Average common common common common shares shared shares shares outstanding, Per outstanding, Per outstanding, Per outstanding, Per $ di
Slide 23: Free Cash Flow
Free Cash Flow (Stated in Millions of Dollars) Free Cash Flow - Six Months Ended June 30, 2022 Net cash provided by operating activities1 $ 67.1 Purchases of property, plant, and equipment (8.5) Free cash flow $ 58.6 Free Cash Flow - Six Months Ended June 30, 2021 Net cash provided by operating acti