Slide 1: Earnings Summary First Quarter 2022
Earnings Summary April 26, 2022 First 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: First Quarter 2022 Financial Summary
+27%1$650M REVENUE +43%$163M OPERATING INCOME +48% $1.06 DILUTED NON-GAAP EPS 2 +290 bps25.1%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 $0.92 DILUTED GAAP EPS +51% First Quarter 2022 Financial S
Slide 4: Summary – Consolidated Statement of Operations (GAAP)
4 $ in millions, except per share data 1Q22 1Q22 Guidance 4Q21 1Q21 1Q22 over 1Q21 1Q22 over 4Q21 Net Revenue $649.6 $630 - $650 $635.2 $512.8 26.7% 2.3% Gross Margin 47.7% 46.5% 45.8% Operating Expenses $146.5 $150 - $152 $135.5 $121.0 21.0% 8.1% Operating Income $163.3 $159.5 $114.0 43.3% 2.4% Ope
Slide 5: Summary – Consolidated Statement of Operations (Non-GAAP)
5 $ in millions, except per share data 1Q22 1Q22 Guidance 4Q21 1Q21 1Q22 over 1Q21 1Q22 over 4Q21 Net Revenue $649.6 $630 - $650 $635.2 $512.8 26.7% 2.3% Adjusted Gross Margin – as a % of Net Sales2 47.7% 46.5% 45.8% Non-GAAP Operating Expenses3 $127.6 $126 - $128 $118.7 $107.0 19.3% 7.4% Adjusted O
Slide 6: Specialty Chemicals and Engineered Materials (SCEM) 1Q22 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, surface preparation solutions and specialty gases. –––––– Segment profit margin (adjusted) YOY increase was primarily driven by volume impro
Slide 7: Microcontamination Control (MC) 1Q22 Highlights
7 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Microcontamination Control (MC) $ in millions 1Q22 4Q21 1Q21 1Q22 over 1Q21 1Q22 over 4Q21 Net Revenue $266.6 $258.9 $207.1 28.7% 3.0% Segment Profit $98.6 $94.2 $70.6 39.8% 4.7% Segment Profit Margin 37.0% 36.4% 3
Slide 8: Advanced Materials Handling (AMH) 1Q22 Highlights
8 1. See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Advanced Materials Handling (AMH) $ in millions 1Q22 4Q21 1Q21 1Q22 over 1Q21 1Q22 over 4Q21 Net Revenue $198.1 $197.7 $148.5 33.4% 0.2% Segment Profit $46.7 $45.3 $32.1 45.5% 3.1% Segment Profit Margin 23.6% 22.9%
Slide 9: Summary – Balance Sheet Items
9 $ in millions 1Q22 4Q21 1Q21 $ Amount % Total $ Amount % Total $ Amount % Total Cash & Cash Equivalents $352.7 10.7% $402.6 12.6% $548.5 18.7% Accounts Receivable, net $372.8 11.4% $347.4 10.9% $282.6 9.6% Inventories $545.6 16.6% $475.2 14.9% $358.8 12.2% Net PP&E $698.6 21.3% $654.1 20.5% $542.6
Slide 10: Cash Flows
10 $ in millions 1Q22 4Q21 1Q21 Beginning Cash Balance $402.6 $475.8 $580.9 Cash provided by operating activities 63.8 116.0 53.1 Capital expenditures (84.4) (76.6) (43.3) Proceeds from revolving credit facilities and long-term debt 79.0 50.0 — Payments on revolving credit facilities and long-term d
Slide 11: Outlook
11 GAAP $ in millions, except per share data 2Q22 Guidance 1Q22 Actual 4Q21 Actual Net Revenue $660 - $680 $649.6 $635.2 Operating Expenses $163 - $165 $146.5 $135.5 Net Income $92 - $99 $125.7 $118.2 Diluted Earnings per Common Share $0.67 - $0.72 $0.92 $0.87 Non-GAAP $ in millions, except per shar
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 $ in thousands April 2, 2022 April 3, 2021 December 31, 2021 Net sales $649,646 $512,844 $635,204 Gross profit-GAAP $309,820 $234,986 $295,090 Adjustments to gross profit: Charge for fair value mark-up of acquired inv
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 April 2, 2022 April 3, 2021 December 31, 2021 GAAP operating expenses $146.5 $121.0 $135.5 Adjustments to operating expenses: Deal and transaction costs 5.0 — 4.7 In
Slide 16: Adjusted segment profit reconciliation
16 $ in thousands Three months ended Adjusted segment profit April 2, 2022 April 3, 2021 December 31, 2021 SCEM segment profit $48,851 $34,556 $47,215 Severance and restructuring costs — 47 — Charge for fair value write-up of acquired inventory sold — — 428 SCEM adjusted segment profit $48,851 $34,6
Slide 17: Reconciliation of Net Income to Adjusted Operating Income and EBITDA
17 $ in thousands Three Months Ended April 2, 2022 April 3, 2021 December 31, 2021 Net sales $649,646 $512,844 $635,204 Net income $125,705 $84,676 $118,219 Net income – as a % of net sales 19.3% 16.5% 18.6% Adjustments to net income: Income tax expense 19,875 13,391 30,003 Interest expense, net 12,
Slide 18: Reconciliation of GAAP Net Income and EPS to Non-GAAP
18 $ in thousands, except per share data Three months ended April 2, 2022 April 3, 2021 December 31, 2021 GAAP net income $125,705 $84,676 $118,219 Adjustments to net income: Charge for fair value write-up of inventory acquired — — 428 Deal and transaction costs 5,008 — 4,744 Integration costs 1,246
Slide 19: Second-Quarter 2022 Outlook Reconciliation
19 $ in millions Second-Quarter 2022 Outlook Reconciliation GAAP net income to non-GAAP net income GAAP net income $92 - $99 Adjustments to net income: Deal, transaction and integration costs 17 Amortization of intangible assets 12 Interest costs relating to financing of CMC transaction 31 Income ta
Slide 20: Quarterly sales and segment profit
20 $ in thousands Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Sales SCEM $144,214 $146,213 $150,480 $168,625 $166,541 $180,366 $176,380 $188,004 $196,421 MC 159,261 183,758 193,541 205,626 207,099 227,521 225,877 258,866 266,637 AMH 116,137 126,434 144,370 151,741 148,541 172,502 186,200 197,703 19
Slide 21: Quarterly adjusted segment profit
21 $ in thousands Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Sales SCEM $144,214 $146,213 $150,480 $168,625 $166,541 $180,366 $176,380 $188,004 $196,421 MC 159,261 183,758 193,451 205,626 207,099 227,521 225,877 258,866 266,637 AMH 116,137 126,434 144,370 151,741 148,541 172,502 186,200 197,703 19