Veeco Instruments Inc. · NASDAQ:VECO
Veeco Instruments — Oppenheimer 28th Annual Technology, Internet & Communications Conference 2025
17 slides from Veeco Instruments's conference presentation, Aug 12, 2025
Slide 1: Oppenheimer 28th Annual Technology, Internet & Communications Conference
Veeco Instruments Oppenheimer 28th Annual Technology, Internet & Communications Conference August 12, 2025
Slide 2: Safe Harbor
RR Safe Harbor Veeco This presentation contains “forward-looking statements”, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended, that are based on management's expectations, estimates, projections and assumptions. Words such as
Slide 3: Contents
Contents Overview Veeco at a Glance Who is Veeco? Role in the Semi Manufacturing Strategy & SAM Opportunities Available Market SAM Opportunities Why Own Veeco? Financials Revenue by End-Market Customers, Resource Alignment, Veeco Team & ESG Backup & Financial Tables . Veeco
Slide 4: Who is Veeco?
Who isc\Veeco ? Strong History Semiconductor Solving materials challenges 2019- Today Differentiated Laser Annealing & lon Beam Growth Focus Deposition technologies enabling most advanced chips on the planet Semiconductor & Compound Semiconductor Well Positioned Leading edge customers drive growth
Slide 5: Veeco Role in Semi Manufacturing
VeeC® Role in Semi Manufacturing Representative Process Steps FRONT END BACK END Inspection/ \ Advanced Metrology Packaging Deposition })Lithography : Annealing Veeco Technologies are Critical for Several Semi Manufacturing Process Steps @ Driving business today IBD: lon Beam Deposition LSA: Laser S
Slide 6: Semiconductor SAM Projected Growth
Semiconductor SAM Projected Growth Key Growth Drivers 2025 2029 Laser Spike * PTOR at 3 Tier 1 logic and 1 HBM DRAM customer Annealing + Reached agreement with 2" HBM customer for an ~$600M ~$850M (LSA) LSA system, with planned shipment in 2H 2025 Nanosecond * 2 evaluation systems at Tier 1 logic cu
Slide 7: Nanosecond Annealing Opportunity
3) = 2 3 2 - = o = Heating Depth Nanosecond Annealing Opportunity NSA «___ Future (nanosecond) ~~ ~Traditional LSA Lamp Based * Scaling challenges driving the need for new annealing capabilities {sub millisecond) (sub second) ¢ NSA broadening Laser Annealing adoption to new leading-edge Logic and Me
Slide 8: IBD300 Front End Semi Opportunity
IBD300- 300mm Front End Semi Opportunity ILLUSTRATION OF GRAIN SIZE AND DISTRIBUTION TODAY FUTURE Incumbent Technology IBD : ¢ Industry leader in lon Beam Technology « Lower resistance metals essential for customer scaling and have direct impact on device performance, speed, => and battery life ¢ IB
Slide 9: Semi Evaluations Capture Industry Inflections
RR Semi Evaluations Capture Industry Inflections Forecasted Revenue Tier 1 Tools at Per Application Win System Customer Customer 100K wspm* Logic 1 $40-50M LSA Memory 0 $40-50M Logic 2 $50-60M NSA Memory (e) $40-SOM Logic 0 $50-60M IBD300 Memory 2 $30-40M *Evaluations typically compete to win severa
Slide 10: Technologies for Artificial Intelligence
RR <Veec@® Technologies for Artificial Intelligence GPU ? High-Bandwidth Memory (HBM) DRAM Advanced Packaging Current PTOR Current PTOR Current PTOR + Laser-Spike Annealing (LSA) + Laser-Spike Annealing (LSA) @ * Wet Processing for micro-bump flux * IBD for EUV mask blanks + IBD for EUV mask blanks
Slide 11: Compound Semiconductor Projected SAM Growth
Compound Semiconductor Projected SAM Growth Total SAM Key Growth Drivers 2025 2029 GaN Power ~$100M ~$300M Photonics ~$150M ~$400M 2025 =GaN Photonics MRF& Other MService Growth opportunities in GaN Power & Photonics ns Veeco
Slide 12: Revenue by End-Market
RR Revenue by End-Market $646M $666M 1 " 2021 2022 2023 @Semiconductor &CompoundSemiconductor M™®DataStorage © Scientific & Other $717M 2024 Amounts may not calculate precisely due to rounding.
Slide 13: Why Own Veeco?
Why owncveecm ? fia Enabling SAM Expansion Technologies For to Deliver @ Industry Outperformance & Inflections Investment Long-Term WFE Growth ; Sugiesy © Drive Long- Term Value
Slide 14: Thank You
Thank You Veeco
Slide 15: Financial Table
Financial Table Veeco
Slide 16: Note on Reconciliation Tables
Note on Reconciliation Tables These tables include financial measures adjusted for the impact of certain items; these financial measures are therefore not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). These Non- GAAP financial measures exclude items such as: s
Slide 17: Supplemental Information—GAAP to Non-GAAP Reconciliation
Supplemental Information—GAAP to Non- GAAP Reconciliation $ millions Net eaiee CAMP grees promt GAAP grees margin ada: @nare-teses comp Ada: Ctner Non-GAAP grees profit Non-GAAP grees margin tn millions GAA Netineeme ie Ads. Sheeeaies cove Ads, Amerusation Ase: Aawer megrmant Ads: Transition excerac