Slide 1: Second Quarter 2021 Earnings Review
Second Quarter 2021 Earnings Review August 3, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements made in the course of 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
Slide 3: Q2 2021 Update
Q2 2021 Update Eric Vaillancourt Interim President & Chief Executive Officer
Slide 4: Q2 2021 Highlights
Q2 2021 Highlights • Adjusted EBITDA* increased 52.5% to $57.2M; adjusted EBITDA* margin increased 400 bps to 19.2% Financial • Sales increased 20.9% to $298.6M as most end-markets showed strong sequential and year-on-year growth; On an organic basis, sales Highlights increased 27.1% • Strong balanc
Slide 5: Overview of Financial Results
Overview of Financial Results Milt Childress EVP & Chief Financial Officer
Slide 6: Q2 2021 Financial Performance
Q2 2021 Financial Performance $ in millions, except per share data Sales Gross Profit & Margin Adjusted EBITDA* & Margin* Adjusted Diluted EPS* +20.9% +580 bps +52.5% +77.3% $117.0 $1.56 $57.2 $298.6 $247.0 $82.5 $37.5 $0.88 39.2% 19.2% 15.2% 33.4% Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2
Slide 7: Sealing Technologies – Q2 2021 Performance
Sealing Technologies – Q2 2021 Performance $ in millions Sales Adjusted EBITDA & Margin +7.9% +39.0% $42.4 $162.5 $150.6 $30.5 26.1% 20.3% Q2 2020 Q2 2021 Q2 2020 Q2 2021 • Sales increase driven by brisk recovery from last year's • Adjusted segment EBITDA margin expanded 580 bps to 26.1% pandemic lo
Slide 8: Advanced Surface Technologies – Q2 2021 Performance
Advanced Surface Technologies – Q2 2021 Performance $ in millions Sales Adjusted EBITDA & Margin +48.0% $59.2 +41.8% $15.6 $40.0 $11.0 27.5% 26.4% Q2 2020 Q2 2021 Q2 2020 Q2 2021 • Sales increase driven primarily by strong demand in the • Adjusted segment EBITDA margin contracted 110 bps to 26.4%, s
Slide 9: Engineered Materials – Q2 2021 Performance
Engineered Materials – Q2 2021 Performance $ in millions Sales Adjusted EBITDA & Margin +36.5% $80.0 +165.3% $13.0 $58.6 $4.9 16.3% 8.4% Q2 2020 Q2 2021 Q2 2020 Q2 2021 • Stronger sales in all major markets including general industrial, • Adjusted segment EBITDA margin expanded 790 bps to 16.3%, aut
Slide 10: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation $ in millions Net Leverage Commentary Reported June 30, 2021 • Strong balance sheet; net debt to adjusted EBITDA* of Credit Facility $ — 1.1x and ample liquidity consisting of $262M cash and 3 1 $389M available under revolver Senior Notes $ 346 2 Term Lo
Slide 11: Updating 2021 Guidance
Updating 2021 Guidance Previous 2021 Guidance* Current 2021 Guidance* (as of 5/7/21) (as of 8/3/21) Sales $1.05B – $1.10B $1.075B - $1.125B Adjusted EBITDA $190M – $200M $200M – $210M Adjusted Diluted EPS $4.74 – $5.08 $5.16 – $5.50 Assumptions: 2021 Interest Expense ($ in Millions) • Continued stre
Slide 12: Closing Comments
Closing Comments Eric Vaillancourt Interim President & Chief Executive Officer
Slide 13: Closing Comments
Closing Comments Enpro is a leading industrial technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors Results demonstrate the benefits of our clear and consistent strategy, the capability center, and portfolio reshaping act
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Slide 15: Appendix
Appendix ©
Slide 16: Enpro (NYSE: NPO) | Attractive Portfolio of Businesses
Enpro (NYSE: NPO) | Attractive Portfolio of Businesses Company Overview 2020 Revenue Contribution 4 Sales by Segment Sales by Channel Sales by Geography Sales by Market Headquarters Charlotte, NC Manufacturing Facilities 22 primary Global Employees ~4,400 Financial Overview 1 Market-Cap $1.9B North
Slide 17: Reconciliation of LTM Results
Reconciliation of LTM Results EnPro Industries, Inc. Adjusted Adjusted ($ in millions) Revenue EBITDA EBITDA Margin Plus: Six Months Ended June 30, 2021 $ 577.9 $ 109.3 18.9% Year Ended December 31, 2020 1,074.0 168.3 15.7% Less: Six Months Ended June 30, 2020 529.7 78.1 14.7% LTM Ended June 30, 202
Slide 18: Consolidated Adjusted EBITDA (1/2)
Consolidated Adjusted EBITDA (1/2) For the Years Ended December 31, 2020 and 2019 (Stated in Millions of Dollars) 2020 2019 Income (loss) from continuing operations attributable to EnPro Industries, Inc. $ (23.7) $ 7.8 Net income attributable to redeemable non-controlling interests 0.4 — Income (los
Slide 19: Consolidated Adjusted EBITDA (2/2)
Consolidated Adjusted EBITDA (2/2) For the Quarters and Six Months Ended June 30, 2021 and 2020 (Stated in Millions of Dollars) Quarters Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Income (loss) from continuing operations attributable to EnPro Industries, Inc. $ 29.3 $ (3.3) $ 47.3
Slide 20: Segment Information (1/2)
Segment Information (1/2) For the Quarters and Six Months Ended June 30, 2021 and 2020 Reconciliation of Adjusted Segment EBITDA to Income from Continuing Operations Attributable to EnPro (Stated in Millions of Dollars) Industries, Inc. Quarters Ended Six Months Ended Sales June 30, June 30, Quarter
Slide 21: Segment Information (2/2)
Segment Information (2/2) For the Quarters and Six Months Ended June 30, 2021 and 2020 (Stated in Millions of Dollars) Quarter Ended June 30, 2021 Quarter Ended June 30, 2020 Advanced Advanced Sealing Surface Engineered Total Sealing Surface Engineered Total Technologies Technologies Materials Segme
Slide 22: Consolidated Adjusted Net Income
Consolidated Adjusted Net Income (Stated in Millions of Dollars, Except Per Share Data) Quarters Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Average Average Average Average common common common common shares shared shares shares outstanding, outstanding, outstanding, outstanding, di
Slide 23: Free Cash Flow
Free Cash Flow (Stated in Millions of Dollars) Free Cash Flow - Six Months Ended June 30, 2021 Net cash provided by operating activities of continuing operations $ 58.5 Purchases of property, plant, and equipment (10.2) Free cash flow $ 48.3 Free Cash Flow -Six Months Ended June 30, 2020 Net cash pr