Slide 1: First Quarter 2025 Earnings Review
First Quarter 2025 Earnings Review May 6, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation that express a belief, expectation or intention, including the 2025 guidance and other statements that are not historical fact, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They involve a number
Slide 3: First Quarter 2025 Update
First Quarter 2025 Update Eric Vaillancourt President & Chief Executive Officer
Slide 4: Overview of Financial Results
Overview of Financial Results Joe Bruderek Executive Vice President & Chief Financial Officer
Slide 5: First Quarter 2025 Financial Performance
First Quarter 2025 Financial Performance $ in millions, except per share data Sales Gross Profit & Margin Adjusted EBITDA* & Margin* Adjusted Diluted EPS* +6.1% +11.3% +16.1% +21.0% • Strength in general industrial, • Gross margin expanded 210 basis points • Adjusted EBITDA* of $67.8 million • Adjus
Slide 6: Sealing Technologies – First Quarter 2025 Performance
Sealing Technologies – First Quarter 2025 Performance $ in millions Sales Adjusted Segment EBITDA & Margin +4.7% +10.8% • Strength in aerospace, general industrial and food and pharma • Adjusted segment EBITDA of $58.7 million increased 10.8% partially offset by continued softness in the commercial
Slide 7: Advanced Surface Technologies – First Quarter 2025 Performance
Advanced Surface Technologies – First Quarter 2025 Performance $ in millions Sales Adjusted Segment EBITDA & Margin +9.1% 18.5% • Double-digit growth in precision cleaning solutions and optical • Adjusted segment EBITDA increase driven by higher volume coatings and filter solutions, as well as stren
Slide 8: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation $ in millions Net Debt at March 31, 2025 Increased & Extended Credit Facility on April 9, 2025 As of March 31, 2025 As of May 1, 2025 Term Loans(1,2) $ 287 Revolving Credit Facility(1) $ 230 Senior Notes(1) $ 350 Senior Notes(1) $ 350 Capital Lease Oblig
Slide 9: 2025 Guidance Reaffirmed
2025 Guidance Reaffirmed 2025 Guidance (at May 6, 2025) ~$101-103M Revenue Low to Mid-Single Digits Depreciation Growth(1) and Amortization(2) ~$50M Capital Expenditures Adjusted $262M – $277M EBITDA*(1) ~$34-36M Net Interest Expense Adjusted Diluted 25% $7.00 – $7.70 EPS*(1)(2) Normalized Tax Rate
Slide 10: Closing Comments
Closing Comments Eric Vaillancourt President & Chief Executive Officer
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Slide 12: Appendix
Appendix ©
Slide 13: Attractive Portfolio of High-Margin Businesses
Enpro Inc. (NYSE: NPO) | Attractive Portfolio of High-Margin Businesses Company Overview LTM Revenue Contribution as of March 31, 2025 Sales by Segment Sales by Channel Sales by Geography Sales by Market Headquarters Charlotte, NC Principal Manufacturing 15 Facilities Global Employees ~3,500 Financi
Slide 14: Reconciliation of LTM Results
Reconciliation of LTM Results Enpro Inc. Adjusted Adjusted ($ in millions) Revenue EBITDA EBITDA Margin Three Months Ended March 31, 2025 $ 273.2 $ 67.8 24.8% Plus: Year Ended December 31, 2024 1,048.7 254.8 24.3% Less: Three Months Ended March 31, 2024 257.5 58.4 22.7% LTM Ended March 31, 2025 $ 1,
Slide 15: Consolidated Adjusted EBITDA (1/2)
Consolidated Adjusted EBITDA (1/2) For the Year Ended December 31, 2024 (In Millions) 2024 Net income 72.9 Adjustments to arrive at earnings before interest, income taxes, depreciation, amortization, and other selected items ("Adjusted EBITDA"): Interest expense, net 34.5 Income tax expense 21.5 Dep
Slide 16: Consolidated Adjusted EBITDA (2/2)
Consolidated Adjusted EBITDA (2/2) Three Months Ended For the Three Months Ended March 31, 2025 and 2024 March, (In Millions) 2025 2024 Net income $ 24.5 $ 12.5 Adjustments to arrive at earnings before interest, income taxes, depreciation, amortization, and other selected items ("Adjusted EBITDA"):
Slide 17: Segment Information (1/2)
Segment Information (1/2) For the Three Months Ended March 31, 2025 and 2024 (In Millions) Reconciliation of Income from Continuing Operations Attributable to Enpro Inc., Net of Tax to Adjusted Segment EBITDA Three Months Ended Sales March 31, Three Months Ended 2025 2024 March 31, Net income $ 24.5
Slide 18: Consolidated Adjusted Net Income
Consolidated Adjusted Net Income (In Millions, Except Per Share Data) Three Months Ended March 31, 2025 2024 Average common Average common shares outstanding, shared outstanding, $ diluted Per Share $ diluted Per Share Net income $ 24.5 21.2 $ 1.15 $ 12.5 21.1 $ 0.59 Income tax expense 7.8 1.8 Incom
Slide 19: Free Cash Flow
Free Cash Flow (In Millions) Free Cash Flow - Three Months Ended March 31, 2025 Net cash provided by operating activities $ 21.0 Purchases of property, plant, and equipment (8.0) Payments for capitalized internal-use software (1.4) $ 11.6 Free Cash Flow - Three Months Ended March 31, 2024 Net cash p