Enpro Investor Presentation November 2023
Forward-Looking Statements
ENPRO
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 may cause actual events and results to differ materially from such
forward-looking statements. These risks and uncertainties include, but are not limited to: economic conditions in the markets served by our businesses and the
businesses of our customers, some of which are cyclical and experience periodic downturns; the impact of geopolitical activity on those markets, including instabilities
associated with the armed conflicts in Ukraine and between Israel and Hamas, and any conflict or threat of conflict that may affect Taiwan; uncertainties with respect
to the imposition of government embargoes, tariffs and trade protection measures, such as "anti-dumping" duties applicable to classes of products, and import or
export licensing requirements, as well as the imposition of trade sanctions against a class of products imported from or sold and exported to, or the loss of "normal trade
relations" status with, countries in which we conduct business, could significantly increase our cost of products or otherwise reduce our sales and harm our business;
uncertainties with respect to prices and availability of raw materials, including as a result of instabilities from geopolitical conflicts; uncertainties with respect to our
ability to achieve anticipated growth within the semiconductor, life sciences, and other technology-enabled markets, including uncertainties with respect to receipt of
CHIPS Act support and the timing of completion of the new facility in Arizona; the impact of fluctuations in relevant foreign currency exchange rates or unanticipated
increases in applicable interest rates; unanticipated delays or problems in introducing new products; the impact of any labor disputes; announcements by competitors
of new products, services or technological innovations; changes in our pricing policies or the pricing policies of our competitors; risks related to the reliance of our
Advanced Surface Technologies segment on a small number of significant customers; uncertainties with respect to our ability to identify and complete business
acquisitions consistent with our strategy and to successfully integrate any businesses that we acquire; and uncertainties with respect to the amount of any payments
required to satisfy contingent liabilities, including those related to discontinued operations, other divested businesses and discontinued operations of our predecessors,
including liabilities for certain products, environmental matters, employee benefit and statutory severance obligations and other matters. Enpro's filings with the
Securities and Exchange Commission, including its most recent Form 10-K and Form 10-Q reports, describe these and other risks and uncertainties in more detail. Enpro
does not undertake to update any forward-looking statements made in this press release to reflect any change in management's expectations or any change in the
assumptions or circumstances on which such statements are based.
Full-year guidance excludes changes in the number of shares outstanding, impacts from future and pending acquisitions, dispositions and related transaction costs,
restructuring costs, incremental impacts of tariffs and trade tensions on market demand and costs subsequent to the end of the third quarter, the impact of foreign
exchange rate changes subsequent to the end of the third quarter, increases in interest rates beyond those assumed in the preparation of the guidance, impacts from
pandemics or from geopolitical activity, including the outbreak (or threat of outbreak) of armed hostilities, and environmental and litigation charges.
This presentation also contains certain non-GAAP financial measures (*) as defined by the Securities and Exchange Commission. A reconciliation of historical non-GAAP
measures to the most directly comparable GAAP equivalents is included as an appendix to this presentation.
Enpro Investor Presentation November 2023
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