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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ Form 10-K __________________________________ (Mark One) (Address of principal executive offices) (Zip Code) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 1-15885 _______ ...

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]

| --- | --- | --- | --- | |-----------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Q3 2021 Earnings | | | | | | | | | | Investor Presentation | | | | | November 2, 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | © 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 Chad ...

Financial Data and Key Metrics Changes - Materion Corporation reported record quarterly value-added sales of $207.9 million, a 31% increase from the prior year, driven by strong demand across several end markets [27][28] - Adjusted EBIT margin improved to 10.6%, up 260 basis points year-over-year, with adjusted earnings per share of $0.86, reflecting significant improvements over Q2 of last year [28][29] - Adjusted EBIT for the quarter was $22.1 million, up from $12.8 million last year [29] Business Segment Performance - Performance Alloys and Composites (PAC) segment achieved value-added sales of $108.6 million, a 21% increase year-over-year, with EBIT of $17.1 million, representing 15.7% of value-added sales [31] - Advanced Materials segment reported value-added sales of $66.9 million, up 28% from the prior year, with EBIT of $8.3 million and adjusted EBIT margins improving to 12.4% [33][35] - Precision Optics segment saw value-added sales of $32.6 million, an 83% increase compared to the prior year, with EBIT of $2.9 million, or 8.9% of value-added sales [36] Market Data and Key Metrics Changes - Strong demand was noted in semiconductor, automotive, industrial, and consumer electronics markets, contributing to the overall sales growth [27][28] - The aerospace and defense sectors showed early signs of recovery, with expectations for continued growth in the second half of 2021 [83][85] Company Strategy and Development Direction - The company is focusing on organic growth initiatives, including investments in R&D and new product development, to sustain above-market growth [12][14] - Materion is increasing investments in facilities and capabilities to support growth objectives, particularly in the space sector [14][15] - The company is raising its full-year guidance to $3.25 to $3.45 per share, reflecting confidence in sustaining momentum into the second half of 2021 [24][42] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate raw material and labor cost pressures through a strong value-based pricing model [47][66] - The company anticipates continued strength in end markets and a robust organic pipeline, with expectations for adjusted earnings per share to increase significantly in Q3 and Q4 [42][43] Other Important Information - Materion's net debt position at the end of Q2 2021 was $34.9 million, with approximately $273 million available on the credit facility, indicating a strong balance sheet [38] - The company is maintaining a disciplined approach to capital allocation, focusing on organic growth and strategic acquisitions [39][41] Q&A Session Summary Question: Can you expand on pricing initiatives to offset raw material pressures? - Management emphasized the importance of a strong value-based pricing model to address raw material and labor cost increases, ensuring alignment with customer expectations [47][50] Question: Are you taking market share or benefiting from economic recovery? - Management indicated that both factors are contributing to revenue performance, with new product introductions in emerging markets like EVs and 5G aiding market position [52] Question: What is the timeline for the new clad strip facility? - The facility is nearing completion, with a validation phase expected to occur through the end of the year, followed by a ramp-up in the first half of 2022 [64] Question: How do you see pricing opportunities in the current inflationary environment? - Management expects pricing to remain a critical factor in Q3 and Q4, with ongoing adjustments to account for rising input costs [66] Question: What is the expected contribution from the space sector? - The space sector is projected to contribute approximately $20 million to $25 million, with various products being developed for commercial and defense applications [79][81]

| --- | --- | --- | --- | --- | --- | |--------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | August 3, 2021 Q2 2021 Earnings Investor Presentation | | | | | | | | | | | | | | | | | | | | Agenda Introduction Andrew Vento – Manager, Investor Relations and Corporate Development Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick – Vice President and C ...

Materion Corp (NYSE:MTRN) Q1 2021 Earnings Conference Call April 29, 2021 9:00 AM ET Company Participants Andrew Vento - Manager, Investor Relations & Corporate Development Jugal Vijayvargiya - CEO, President & Director Shelly Chadwick - VP, Finance & CFO Conference Call Participants Marco Rodriguez - Stonegate Capital Markets Michael Leshock - KeyBanc Capital Markets Operator Greetings and welcome to the Materion's First Quarter 2021 Earnings Conference Call. [Operator Instructions]. I would now like to tu ...

| --- | --- | --- | --- | --- | --- | |----------------|-----------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 29, 2021 | Q1 2021 Earnings Investor Presentation | | | | | | | | | | | | | | | | | | | Agenda Introduction Andrew Vento – Manager, Investor Relations and Corporate Development Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick – Vice Preside ...