[c#] What is the meaning of ToString("X2")?

I'm studying MD5 encryption, and have found this code using Google:

    public string CalculateMD5Hash(string input)
    {

        // Primeiro passo, calcular o MD5 hash a partir da string
        MD5 md5 = System.Security.Cryptography.MD5.Create();
        byte[] inputBytes = System.Text.Encoding.ASCII.GetBytes(input);
        byte[] hash = md5.ComputeHash(inputBytes);

        // Segundo passo, converter o array de bytes em uma string haxadecimal
        StringBuilder sb = new StringBuilder();
        for (int i = 0; i < hash.Length; i++)
        {
            sb.Append(hash[i].ToString("X2"));
        }
        return sb.ToString();
    }

Why does it use ToString("X2")? How is it different from normal ToString?

ToString("X2") prints the input in Hexadecimal

It prints the byte in Hexadecimal format.

No format string: 13

'X2' format string: 0D

http://msdn.microsoft.com/en-us/library/aa311428(v=vs.71).aspx