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Innovative Test & Process Solutions Nick Grant President and CEOQ4 2021 Financial Results Conference Call Presentation March 4, 2022 Duncan Gilmour CFO and Treasurer
Innovative Test & Process Solutions
President and CEOQ4 2021 Financial Results
Conference Call Presentation
Forward -Looking Statements
This presentation includes forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 , as amended. These statements do not convey historical
information but relate to predicted or potential future events and financial results, such as statements of our plans, strate gies and intentions, or our future performance or goals, that are based upon
management's current expectations. Our forward -looking statements can often be identified by the use of forward -looking terminol ogy such as “believes,” “expects,” “intends,” “may,” “will,” “should,”
“plans,” “projects,” “forecasts,” “outlook,” “anticipates” or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those
expressed or implied by such statements.
Such risks and uncertainties include, but are not limited to, any mentioned in this presentation as well as our ability to realize the potential benefits of acquisitions or dispositions and the successful
integration of any acquired operations; our ability to grow our presence in the life sciences, security, industrial and inter national markets; the success of our strategy to diversify our business by
entering markets outside the Semi Market; the impact of the COVID -19 pandemic on our business, liquidity, financial condition an d results of operations; indications of a change in the market cycles
in the Semi Market or other markets we serve; changes in business conditions and general economic conditions both domesticall y and globally; changes in the demand for semiconductors; our
ability to borrow funds or raise capital to finance potential acquisitions; changes in the rates and timing of capital expend itures by our customers; and other risk factors set forth from time to time in
our Securities and Exchange Commission filings, including, but not limited to, our annual report on Form 10 -K for the year ended December 31, 2020. Any forward -looking statement made by us in
this presentation is based only on information currently available to us and speaks to circumstances only as of the date on w hich it is made. We undertake no obligation to update the information in
this presentation to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or una nticipated events .
Non-GAAP Financial Measures
In addition to disclosing results that are determined in accordance with GAAP, we also disclose non -GAAP financial measures. The se non -GAAP financial measures consist of adjusted net
earnings (loss), adjusted net earnings (loss) per diluted share, adjusted EBITDA, adjusted EBITDA margin, and free cash flow. Adjusted net earnings (loss) is derived by adding acquired intangible
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