Enpro Investor Presentation November 2023
Disciplined, Value-Enhancing Capital Allocation Strategy
Strong Balance Sheet
Supports Optionality
Net debt to TTM adjusted EBITDA
ratio reduced further to 1.4x in Q3
driven by strong operating cash
flow
Repaid $133.7 million Term Loan A-1
with available cash in late July.
Significant remaining cash, short-
term investments and nearly full
availability under our $400 million
revolving credit facility, provide
ample financial flexibility to
execute on long-term strategic
growth initiatives
Investing in Long-Term Organic
Growth while Pursuing
Strategic Acquisitions
Investing in multiple sources of
long-term organic growth across
the company, while encouraging
innovation and market
development
Pursuing businesses in secular
growth markets with high cash
flow return on operating capital
and recurring revenue
Concentrating on critical products
and solutions with high barriers to
entry, transferable intellectual
property, high switching costs and
stringent customer qualifications
Disciplined and
Balanced Capital
Allocation
Prudent allocation of capital for
growth opportunities and selective
acquisitions that fit our strategic
and financial criteria
2023 increase in quarterly dividend
marks the 8th consecutive year of
dividend increases
$50 million share repurchase
authorization
Enpro Investor Presentation November 2023
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