Slide 1: Fourth Quarter & Full Year 2022 Earnings Review
Fourth Quarter & Full Year 2022 Earnings Review February 21, 2023
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: Full Year 2022 Review
Full Year 2022 Review Eric Vaillancourt President & Chief Executive Officer
Slide 4: 2022 Full-Year Performance
2022 Full-Year Performance $ in millions Sales Adjusted EBITDA* & Margin* +30.8% +58.5% • Sales increased 30.8% compared to 2021. On an organic basis, • Adjusted EBITDA* increased 58.5% compared to 2021. Adjusted sales grew 14.1% EBITDA margin* of 23.4% increased 410 basis points compared • Strong v
Slide 5: Fourth Quarter 2022 Results
Fourth Quarter 2022 Results Milt Childress Executive Vice President & Chief Financial Officer
Slide 6: Fourth Quarter 2022 Highlights
Fourth Quarter 2022 Highlights Outstanding Execution Consistent Quarterly Results Strategic Focus 14.8% Strong organic revenue Remain focused on leading- growth in both segments edge critical products and solutions, with high-margins, Sales (organically) strong cash flow and Strategic pricing initia
Slide 7: Q4 2022 Financial Performance
Q4 2022 Financial Performance $ in millions, except per share data Sales Gross Profit & Margin Adjusted EBITDA* & Margin* Adjusted Diluted EPS* +27.8% 180 bps +34.0% +39.4% • Volume growth in the semiconductor, • Gross margin expansion primarily driven • Adjusted EBITDA margin of 19.6% • Adjusted di
Slide 8: Sealing Technologies – Q4 2022 Performance
Sealing Technologies – Q4 2022 Performance $ in millions Sales Adjusted EBITDA & Margin +9.0% +32.3% • Sales grew 9%, on a reported basis • Adjusted segment EBITDA increased 32.3%. Excluding the impact of foreign exchange translation and divestitures, adjusted segment EBITDA • Organic sales, excludi
Slide 9: Advanced Surface Technologies – Q4 2022 Performance
Advanced Surface Technologies – Q4 2022 Performance $ in millions Sales Adjusted EBITDA & Margin +67.0% +38.3% • Sales increase driven primarily by strong demand in the • Adjusted segment EBITDA increased 38.3%, driven primarily by the semiconductor market and the addition of NxEdge acquisition of N
Slide 10: Balance Sheet, Cash Flow & Capital Allocation
Balance Sheet, Cash Flow & Capital Allocation Net Leverage Commentary Reported December 31, 2022 $ in millions • Strong balance sheet; ample liquidity consisting of $334 $ - million in cash and ~$390 million4 available under the Credit Facility revolving credit facility Term Loans1,2 $ 443 • Leverag
Slide 11: 2023 Guidance
2023 Guidance 2023 Guidance* Assumptions (as of 2/21/23) Flat – Low Single ~$100M Revenue Growth Digit Growth Depreciation and Amortization ~$40M Adjusted EBITDA** $248M – $260M Net Interest Expense 25% $6.45 – $7.05 Normalized Tax Rate Adjusted Diluted EPS** (from 27% last year) * Full-year guidanc
Slide 12: Closing Comments
Closing Comments Eric Vaillancourt President & Chief Executive Officer
Slide 13: At Enpro, we empower technology, with purpose
At Enpro, we empower technology, with purpose. Our customers rely on us to elevate their applications and accelerate their competitive edge through a suite of advanced technologies and critical solutions to meet their most challenging needs. By leveraging decades of experience and deep technical exp
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Slide 15: Appendix
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Slide 16: Enpro | Attractive Portfolio of Leading-Edge Businesses
Enpro (NYSE: NPO) | Attractive Portfolio of Leading-Edge Businesses 2022 Revenue Contribution Sales by Segment Sales by Channel Sales by Geography Sales by Market 13 Headquarters Principal Global Charlotte, Manufacturing Employees NC and Service ~3,500 Facilities Financial Overview Market-Cap1 $2.5B
Slide 17: Reconciliation of Consolidated Adjusted EBITDA
Reconciliation of Consolidated Adjusted EBITDA For the Quarters and Years Ended December 31, 2022 and 2021 (In Millions) Quarters Ended Years Ended December 31, December 31, 2022 2021 2022 2021 Income (loss) from continuing operations attributable to EnPro Industries, Inc. $ (57.5) $ (1.6) $ 6.7 $ 5
Slide 18: Segment Information (1/2)
Segment Information (1/2) For the Quarters and Years Ended December 31, 2022 and 2021 Reconciliation of Adjusted Segment EBITDA to Income (Loss) from Continuing Operations Attributable to (Dollars in Millions) EnPro Industries, Inc. Quarters Ended Years Ended Sales December 31, December 31, Quarters
Slide 19: Segment Information (2/2)
Segment Information (2/2) For the Quarters and Years Ended December 31, 2022 and 2021 (In Millions) Quarter Ended December 31, 2022 Quarter Ended December 31, 2021 Advanced Advanced Sealing Surface Total Sealing Surface Total Technologies Technologies Segments Technologies Technologies Segments Acqu
Slide 20: Consolidated Adjusted Net Income
Consolidated Adjusted Net Income* (In Millions, Except Per Share Data) Quarters Ended December 31, Years Ended December 31, 2022 2021 2022 2021 Average Average Average Average common common common common shares shared shares shares outstanding, Per outstanding, Per outstanding, Per outstanding, Per
Slide 21: Free Cash Flow
Free Cash Flow (Stated in Millions of Dollars) Free Cash Flow -Year Ended December 31, 2022 Net cash provided by operating activities of continuing operations $ 106.2 Purchases of property, plant, and equipment (29.5) Free cash flow $ 76.7 Free Cash Flow -Year Ended December 31, 2021 Net cash provid