| --- | --- | --- | --- | |----------------------------------|-------|-------|----------| | | | | | | CL King's 20th Annual Best Ideas | | | | | Conference September 12, 2022 | | | | | | | | | | | | | MATERION | Materion Snapshot innovative solutions to solve customers' most complex technical challenges Company Overview | --- | --- | --- | --- | --- | |-------------------------------------------------------|---------------|-------|--------------------------------------------|--------------------| | Headquar ...

| --- | --- | --- | --- | |-------------------------------------|-------|-----------------------------------------|-------| | | | | | | | | | | | August 24, 2022 Investor Conference | | Seaport Research Partners Annual Summer | | | | | | | | | | | | | | | | | Materion Snapshot | --- | --- | |-----------------------------|---------------| | Headquarters | Cleveland, OH | | TTM Revenue1 | $1.7B | | TTM Value-Added Sales1, 2 | $997M | | TTM Adj. EBITDA Margin1, 2 | 17.3% | | Market Cap3 | $2.0B | | Countries o ...

Materion Corporation (NYSE:MTRN) Q2 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants John Zaranec - VP, Corporate Controller and IR Jugal Vijayvargiya - President and CEO Shelly Chadwick - VP, Finance and CFO Conference Call Participants Daniel Moore - CJS Securities Phil Gibbs - KeyBanc Capital Markets David Silver - CLK Marco Rodriguez - Stonegate Capital Markets Operator Good day, ladies and gentlemen, and welcome to the Materion Second Quarter 2022 Earnings Conference Call. At thi ...

Materion Corporation 2Q 2022 Earnings Call August 3, 2022 MATERION Agenda Introduction John Zaranec - Chief Accounting Officer Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick - Vice President and Chief Financial Officer Q&A Question and Answer Session MATERION 2 Forward Looking Statements and Non-GAAP Financial Information These slides contain (and the accompanying oral disoussion vill oontain, where applicable) "forward-looking s ...

Materion Corporation (NYSE:MTRN) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants John Zaranec - Vice President, Corporate Controller and Investor Relations Jugal Vijayvargiya - President and Chief Executive Officer Shelly Chadwick - Vice President, Finance and Chief Financial Officer Conference Call Participants Phil Gibbs - KeyBanc Capital Markets Marco Rodriguez - Stonegate Capital David Silver - CLK Justin Bergner - Gabelli Funds Operator 00:04 Good day, ladies and gentlem ...

Materion Corporation 1Q 2022 Earnings Call April 28, 2022 MATERION @ 2021 Materion Corporation Agenda Introduction John Zaranec - Vice President, Corporate Controller and Investor Relations Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick - Vice President and Chief Financial Officer Q&A Question and Answer Session MATERION 12 Forward Looking Statements and Non-GAAP Financial Information These slides contain (and the accompanying or ...

Materion Corporation 4Q 2021 Earnings Call February 17, 2022 MATERION @ 2021 Materion Corporation Agenda Introduction John Zaranec - Vice President, Corporate Controller and Investor Relations Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick - Vice President and Chief Financial Officer Q&A Question and Answer Session MATERION 12 Forward Looking Statements and Non-GAAP Financial Information These slides contain (and the accompanying ...

Financial Performance - The backlog of unshipped orders as of December 31, 2021, was $481.5 million, an increase from $279.2 million in 2020 and $176.4 million in 2019, with expectations to fill substantially all orders over the next 18 months [28]. - The company’s credit facilities are secured by substantially all assets, exposing it to interest rate fluctuations that could impact net income if rates increase [91]. Acquisitions and Growth Strategy - On November 1, 2021, the company acquired HCS-Electronic Materials for approximately $395.9 million in cash, enhancing its Performance Alloys and Composites and Advanced Materials segments [29]. - The company is actively pursuing acquisitions to drive growth, with a focus on integrating acquired businesses and achieving expected synergies [95]. Workforce and Employee Development - The company employed approximately 3,443 people globally as of December 31, 2021, with 2,183 in manufacturing roles, indicating a strong workforce commitment to operational success [34]. - The company emphasizes talent development through professional training programs and succession planning to cultivate future leaders [42]. - The company has established employee resource groups (ERGs) to promote diversity and inclusion, with four ERGs active as of December 31, 2021 [40]. Regulatory and Safety Compliance - The company is subject to various regulatory laws that may impact its operations, including potential changes to beryllium-related worker safety rules, which could adversely affect financial conditions [32]. - The company has implemented a robust Environmental, Health, and Safety (EHS) program to ensure employee safety, with ongoing training and self-audits [36]. Product Quality and Risk Management - The company’s products are complex and may contain undetected defects, which could lead to installation delays and damage to reputation if issues arise post-deployment [97].

Materion Corporation (NYSE:MTRN) Q4 2021 Earnings Conference Call February 17, 2022 9:00 AM ET Company Participants Jugal Vijayvargiya ??? President and Chief Executive Officer Shelly Chadwick ??? Vice President, Finance and Chief Financial Officer John Zaranec ??? Vice President, Corporate Controller and Investor Relations Conference Call Participants Marco Rodriguez ??? Stonegate Capital Markets Phil Gibbs ??? KeyBanc Capital Markets Marisa Hernandez ??? Sidoti Operator Greetings and welcome to the Materi ...

Financial Data and Key Metrics Changes - Materion Corporation reported record value-added sales of $216 million, a 31% increase from the previous year [6][13] - Adjusted EBIT was $27.8 million, up from $14.1 million last year, with an adjusted EBIT margin of 12.9%, representing a 430 basis point increase year-over-year [15] - Adjusted earnings per share (EPS) reached $1.10, marking a significant increase [14] Business Segment Performance - Performance Alloys and Composites segment saw value-added sales of $115.2 million, a 41% increase, driven by strong demand in automotive, industrial, and aerospace markets [16] - Advanced Materials segment achieved a record $69.7 million in value-added sales, up 27% year-over-year, with EBIT of $9.2 million [17] - Precision Optics segment reported value-added sales of $31.2 million, a 10% increase, with EBIT of $3.5 million [18] Market Data and Key Metrics Changes - The semiconductor market continues to show strong demand, with Materion's growth outpacing general market growth due to organic initiatives [33] - The automotive market experienced an 81% year-over-year increase, largely driven by electric vehicle (EV) applications [36] - Energy sales increased significantly, attributed to recovery in oil and gas and growth in Smart Glass applications [41] Company Strategy and Industry Competition - Materion is focused on organic growth initiatives and strategic acquisitions, including the recent acquisition of HCS-Electronic Materials, which enhances its position in the semiconductor market [10][11] - The company is investing in R&D and operational excellence to mitigate supply chain and inflationary pressures [8][19] - Materion aims to leverage its vertical integration and pricing models to manage costs effectively [8][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining high performance through the end of the year, raising full-year guidance to $3.73 to $3.83 per share, an 86% increase from the prior year [11][21] - The company anticipates continued strong demand in semiconductor applications and is optimistic about the automotive market, particularly in EVs [10][36] - Management acknowledged challenges in labor and supply chain but emphasized proactive planning and operational excellence [25][27] Other Important Information - Materion ended Q3 2021 with a net debt position of $61.5 million and approximately $319 million available on its credit facility [19] - The company expects capital spending of around $100 million for 2021, driven by strong organic growth opportunities [19] Q&A Session Summary Question: What constraints are being experienced, particularly regarding labor challenges? - Management acknowledged industry-wide labor challenges and emphasized efforts in training and incentivizing employees to address these issues [25][26] Question: How is the company managing rising inflation costs? - Management indicated that while pricing discussions are challenging, they have been able to effectively communicate market dynamics to customers [29][30] Question: What are the near-term integration efforts for the HCS acquisition? - Management outlined a detailed integration model focusing on both process and business integration while ensuring HCS continues to support its customers effectively [31] Question: How is the semiconductor market growth being impacted by shortages? - Management noted that while there are shortages, their growth has been driven by organic initiatives and they expect backlogs to clear over the next year [35] Question: What are the main drivers behind the automotive market growth? - Management attributed growth to a combination of market recovery, increased EV applications, and a focus on connector materials [37][38] Question: What is the outlook for the new clad facility ramp-up? - Management confirmed that the facility is on track for higher production levels starting in the first half of next year [45]