Coherent Corp. · NYSE:COHR

Coherent — Investor Day (May 2024)

69 slides from Coherent's investor day presentation, May 14, 2024

1. Slide 1: Instrumentation Market Overview

   INSTRUMENTATION MARKET OVERVIEW Markets Day May 14, 2024 Paul Silverstein Senior Vice President, Investor Relations & Corporate Communications Copyright 2024, Coherent. All rights reserved. 1

2. Slide 2: Host

   HOST Paul Silverstein Senior Vice President, Investor Relations & Corporate Communications Copyright 2024, Coherent. All rights reserved. 2

3. Slide 3: Forward-Looking Statements

   FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations regarding (i) our future financial and operational results; (ii) growth and opportunities, and trends in the markets we serve including industrial,

4. Slide 4: Speakers

   SPEAKERS Dr. Sanjai Parthasarathi Dr. Kim Netzeband Dr. Karlheinz Gulden Darryl McCoy Chief Marketing Officer Director, Instrumentation Senior Vice President, Laser Vice President & General Marketing Components and Subsystems Manager of Coherent Scotland Copyright 2024, Coherent. All rights reserved

5. Slide 5: Instrumentation Market Overview

   INSTRUMENTATION MARKET OVERVIEW Dr. Sanjai Parthasarathi - Chief Marketing Officer Copyright 2024, Coherent. All rights reserved. 5

6. Slide 6: Coherent Markets Are Healthy and Growing Over the Long Term

   COHERENT MARKETS ARE HEALTHY AND GROWING OVER THE LONG TERM Industrial Communications Electronics Instrumentation CY24 TAM: $25B CY24 TAM: $29B CY24 TAM: $9B CY24 TAM: $6B CY29 TAM: $37B CY29 TAM: $59B CY29 TAM: $31B CY29 TAM: $8B CAGR*: 8% CAGR*: 15% CAGR*: 28% CAGR*: 7% Combined CY24 TAM of $69B g

7. Slide 7: Our Markets and Verticals

   OUR MARKETS AND VERTICALS Industrial Market Communications Market  Precision Manufacturing  Datacom Components, Lasers and Systems Lasers, Optics, ICs and Transceivers  Semiconductor Capital Equipment  Telecom Optics, Materials, and Lasers From Materials to Systems  Display Capital Equipment Op

8. Slide 8: Health Care: Drivers & Trends

   HEALTH CARE: DRIVERS & TRENDS Aging Population Technology  Age 80+ will triple by 2050*  POC (Point of care)  Non-communicable diseases  Virtual health/telehealth  Dementia-related diseases  Wearables, sensors, biometrics, AR/VR  Nanotechnology Drivers & Trends Personalized Care Environment 

9. Slide 9: Our Instrumentation Opportunity - Market Sizing

   OUR INSTRUMENTATION OPPORTUNITY - MARKET SIZING Worldwide Health Spending >$ 10 Trillion Coherent Market Focus Markets and Solutions Optical &  Healthcare services Life Sciences Instrumentation  Pharmaceuticals Thermal included Medical Solutions Applications  Medical equipment $808B+ $350B+ Our T

10. Slide 10: Market Segmentation

    MARKET SEGMENTATION Biotechnology Analytical Medical Scientific  Flow cytometry Environmental Testing Medical Laser Microscopy  Sequencing  Air & water  Cosmetic  Multiphoton/confocal  PCR  Food/beverage  Dermatology  Neuroscience, cell  Diagnostics/POC  Pharmaceuticals  Ophthalmic biolo

11. Slide 11: Instrumentation TAM

    INSTRUMENTATION TAM CY24 CY29 5 YR CAGR Life Sciences $4.9B $7.0B 7% Biotechnology & Analytical $2.4B $3.4B 8% Medical $2.5B $3.6B 7% Scientific $0.7B $0.9B 5% Scientific $0.7B $0.9B 5% Total Instrumentation $5.6B $7.9B 7% Note: Numbers in this summary presentation were rounded for simplicity. Sourc

12. Slide 12: Instrumentation – Market Dynamics

    INSTRUMENTATION – MARKET DYNAMICS  Diverse - rapidly expanding sub-verticals and applications  Conservative - long qualification cycles (1-2 years), but faster prototyping requirements  High Degree of Stickiness - continues 1 Conservative  Performance Biased - generally, but growing pricing pres

13. Slide 13: Diversified Global Manufacturing Footprint

    DIVERSIFIED GLOBAL MANUFACTURING FOOTPRINT Diversified manufacturing locations mitigate geopolitical risk Mainz, Freiburg, and Hamburg Goettingen, Jarfalla, Sweden Germany Germany Glasgow, UK InP Platforms Lubeck, Germany Diodes and UV Excimer Laser Femtosecond and Lasers Tapered Amplifiers and Beam

14. Slide 14: Coherent Is a Leader in the Instrumentation Market

    COHERENT IS A LEADER IN THE INSTRUMENTATION MARKET Materials & Optics Biotechnology Lasers Analytical Enabling Cutting Edge Thermoelectrics Applications Medical Subassemblies Scientific Copyright 2024, Coherent. All rights reserved. 14

15. Slide 15: Expansive Heritage of Supporting the Instrumentation Market

    EXPANSIVE HERITAGE OF SUPPORTING THE INSTRUMENTATION MARKET 1995 2000 2005 2010 2015 2020 2025 InP Lasers VCSEL, GaAs Diffractive Optics Crystals, Optics, Subassemblies Crystals Thermoelectrics Materials, IR Optics & Subassemblies Advanced Composites GaAs Lasers VCSEL Excimer Lasers CO2 Lasers Diode

16. Slide 16: Revenue Trends by Market

    REVENUE TRENDS BY MARKET Quarterly Revenue Trend Revenue Distribution* 1,600 Instrumentation 1,400 1,200 Electronics 8% Revenue ($M) 1,000 6% 800 35% Industrial 600 400 200 FY24 Q3 0 FY23 FY23 FY23 FY24 FY24 FY24 Q2 Q3 Q4 Q1 Q2 Q3 Instrumentation 120 125 117 99 99 98 Electronics 200 139 106 90 89 74

17. Slide 17: Proforma Instrumentation Revenues 34% 5 Yr CAGR

    PROFORMA INSTRUMENTATION REVENUES 34% 5 YR CAGR (FY18 – FY23) Revenue holding steady (M) past the COVID spike $500 $479 $479 $449 $450 34% $400 5YR Growth $384 $366 $358 $350 $300 FY18 FY19 FY20 FY21 FY22 FY23 Copyright 2024, Coherent. All rights reserved. 17

18. Slide 18: Photonics in Biotechnology

    PHOTONICS IN BIOTECHNOLOGY Light Sample source Carrying Detector Processing Input signal information  Arc-lamps  Fluorescence  Scopes  AI  LEDs  Raman  PMTs  Databases  Lasers  Scattering  Photodiodes  Machine learning  VCSELS  Absorption  Filters  Cloud processing Size from benchtop

19. Slide 19: Photonics in Medical Therapeutics

    PHOTONICS IN MEDICAL THERAPEUTICS Photobiostimulation Broad portfolio of lasers, optics and beam delivery fibers (Hair re-growth) Photoablation (Lasik) Photocoagulation (Retina) Photothermolysys (Hair removal) Thermal ablation (Surgery) Photodisruption (Urinary Stones) Copyright 2024, Coherent. All

20. Slide 20: Monitoring Personal Health with Wearables

    MONITORING PERSONAL HEALTH WITH WEARABLES Semiconductor lasers and photonic integration are key enablers for wearable biosensors.  Wavelength and linewidth choices  Size and power consumption  Hybrid photonic integration Example: Glucose peaks in NIR region Coherent Si Photodiodes InGaAs Lasers G

21. Slide 21: Coherent Differentiation

    COHERENT DIFFERENTIATION Coherent is providing Biotechnology “Solutions for Life Sciences” ...from materials to components to subassemblies & systems ...leveraging global manufacturing and vertical integration to meet performance, quality and cost reduction requirements Analytical Integrated Assembl

22. Slide 22: Biotechnology & Analytical Instrumentation Markets

    BIOTECHNOLOGY & ANALYTICAL INSTRUMENTATION MARKETS Dr. Kim Netzeband - Director, Instrumentation Marketing Copyright 2024, Coherent. All rights reserved. 22

23. Slide 23: Coherent Focus: Instrumentation for Biotechnology & Analytical Markets

    COHERENT FOCUS: INSTRUMENTATION FOR BIOTECHNOLOGY & ANALYTICAL MARKETS Healthcare  Aging population & lifestyle  Chronic & infectious disease  Diagnostics  Drug discovery Instrumentation  Genomics & personalized Medicine Environment & Safety  Air & water  Food & beverage  Pharmaceuticals  A

24. Slide 24: Biotechnology & Analytical TAM & Revenue

    BIOTECHNOLOGY & ANALYTICAL TAM & REVENUE Life Sciences Instrumentation Segmentation Biotechnology Using living organisms (or their parts) for research, industrial, or diagnostic Biotechnology & Analytical Optics & purposes Materials 13% TAM Thermoelectrics CAGR 15% Biotechnology & 2024 2029 Analytic

25. Slide 25: COVID - Catalyst for Healthcare, Environment & Safety Transformation

    COVID - CATALYST FOR HEALTHCARE, ENVIRONMENT & SAFETY TRANSFORMATION Exponential Advances In Biomedical Sciences Advances In Sterilization & Monitoring Diagnostics/Sequencing Medical Laser Therapy UV Sanitation /Thermal Monitoring Photonic & Thermal Prevention & Wellness Informed & Environmental Imp

26. Slide 26: Key Instrumentation Market Trends

    4 KEY INSTRUMENTATION MARKET TRENDS 1 Generally, consumable and aftermarket driven Life Science Instrumentation Service, 8% Initial Systems, Initial Systems/ Instrumentation 27% $17B (2021) 6.1% CAGR $4.6B (2021) 4.6% CAGR $23B (2026) $5.8B (2026) $17.1B Aftermarket, 65% * Source: SDI Global Assessm

27. Slide 27: Key Instrumentation Market Trends

    4 KEY INSTRUMENTATION MARKET TRENDS 3 Similar Platform or Instrumentation 1 2 3 4 Architectures Light Source Sample Detector Processing 4 key elements  Arc-lamps  Fluorescence  Scopes  AI  LEDs  Raman  PMTs  Databases  Lasers  Scattering  Photodiodes  Machine Learning  VCSELS  Absorpti

28. Slide 28: Coherent – Life Sciences Market Focus

    COHERENT – LIFE SCIENCES MARKET FOCUS Solutions for Life Sciences Materials Biotechnology Optics Analytical Lasers Vertically Integrated Subassemblies & Thermoelectrics Subsystems Medical Enhanced portfolio scale – Complementary technology platforms – reduces cost, increases competitiveness opens ex

29. Slide 29: Portfolio Synergies to Support Life Sciences

    PORTFOLIO SYNERGIES TO SUPPORT LIFE SCIENCES Coherent Systems 2022 II-VI Optomechanical Electrical Systems Scientific Laser Solutions (End-user) Subassemblies LED Light Objective Detection Engines Lenses Collimators Modules Laser Modules CellX Engines Galaxy Fiber Combiners Axon Genesis Excistar CO2

30. Slide 30: Life Sciences – Vertical Integration Expertise

    COHERENT LIFE SCIENCES – VERTICAL INTEGRATION EXPERTISE Systems Systems Subassemblies Systems Clean & Components Systems Dark Room Environments (100, 1K, 10K)  Optical  Test Materials Systems ISO 13485  Mechanical development ISO 9000:2015  Electrical  Reliability ISO 4001:2004  PCB layout tes

31. Slide 31: Life Sciences – Application-Specific Solutions

    COHERENT LIFE SCIENCES – APPLICATION-SPECIFIC SOLUTIONS Biotechnology – Flow Cytometry Medical – Aesthetic Laser Differences in samples, architecture, integrated components, and critical system parameters Copyright 2024, Coherent. All rights reserved. 31

32. Slide 32: Biotechnology Instrumentation Market

    BIOTECHNOLOGY INSTRUMENTATION MARKET Diverse instrumentation, Biotechnology similarities in optical Light paths Source Sample Detector Technologies Trends Analytical  PCR  Capillary electrophoresis  Small, faster, more sensitive Instrumentation  Sequencing  High-content analysis  Automation, u

33. Slide 33: PCR (Polymerase Chain Reaction)

    PCR (POLYMERASE CHAIN REACTION) $4.8B 2021 to $5B 2026, 1% CAGR Initial Systems/Instrumentation $1.1B 2021 to $1.0B 2026, -.5% CAGR (research only) Top Market Players Promega Takara Bio Agilent Diagnostics Millipore Sigma Sequencing Genotyping Eppendorf Cloning Thermo Fisher Roche Gene Expression An

34. Slide 34: Coherent Solutions for PCR

    COHERENT SOLUTIONS FOR PCR Illumination LED light Laser modules Laser engines engines UV-VIS-NIR-IR Thermal Management Thermoelectric PMT, PD, APD, CCD components & subassemblies Light Management Detection Subassemblies & Systems Fiber-coupled Optical filters & assemblies collimators Detection modul

35. Slide 35: Flow Cytometry

    FLOW CYTOMETRY $2.5B 2021 to $3.4B 2026, 6% CAGR Initial Systems/Instrumentation $699M 2021 to $931M 2026, 6% CAGR (research only) Top Market Players Luminex Miltenyi Biotec IntelliCyt Thermo Fisher (Satorius) Disease detection & diagnosis Sysmex Other Cell sorting & counting Fluorescently Flow tube

36. Slide 36: Coherent Solutions for Flow Cytometry

    COHERENT SOLUTIONS FOR FLOW CYTOMETRY Illumination Laser modules Laser engines UV-VIS-NIR-IR Thermal Management Thermoelectric coolers Light Management Detection Subassemblies & Systems Fiber-coupled Optical filters Gratings collimators Detection modules Sample Loading Precision optics Objective, tu

37. Slide 37: Sequencing

    SEQUENCING $4.2B 2021 to $7.0B 2026, 11% CAGR Initial Systems/Instrumentation $678M 2021 to $1,017M 2026, 8% CAGR (research only) Top Market Players QIAGEN Pacific Biosciences Oxford Nanopore Cancer & Disease Research MGI Tech (BGI) Personalized Medicine Microbiology Research Other Reproductive Heal

38. Slide 38: Coherent Solutions for Sequencing

    COHERENT SOLUTIONS FOR SEQUENCING Thermal Management Detection Illumination Thermoelectric components & subassemblies Detection modules UV-VIS-NIR-IR Sample Loading Laser modules Laser engines C A T G CCD Sensor Boards Excitation Filter Wheel Tube Lenses Glass-based optics Beam Expander Bandpass Fil

39. Slide 39: Diagnostics - From Lab Instrumentation to Point-of-Care Technology

    DIAGNOSTICS - FROM LAB INSTRUMENTATION TO POINT-OF-CARE TECHNOLOGY Instrumentation Trends  Portability & miniaturization  Rapid turnaround time  Simplicity of operation  Robustness & durability  Affordability & global access  Accuracy & precision  Broader disease detection capabilities Cohere

40. Slide 40: Analytical Instrumentation Market

    ANALYTICAL INSTRUMENTATION MARKET Diverse end Analytical applications, similar detection techniques Applications Drivers Environmental  Air  Safety concerns Testing  Water  Pollution/environmental concerns  Food  Pharma quality control $9.4B 2022 $13.9B 2027  Beverage  Regulations 8% CAGR* 

41. Slide 41: Coherent Solutions for Environmental (Spectroscopy)

    COHERENT SOLUTIONS FOR ENVIRONMENTAL (SPECTROSCOPY) Air & Water Food & Beverage Agriculture Lasers Optics Thermoelectrics Subassemblies & Systems Copyright 2024, Coherent. All rights reserved. 41

42. Slide 42: Coherent Solutions for Pharmaceutical

    COHERENT SOLUTIONS FOR PHARMACEUTICAL Drug Development Manufacturing  Flow cytometry  Molecular structures  High throughput imaging  Raw materials  Sequencing  Chemical compositions Optics, Lasers and Raman products for all stages of Pharma Research, Development, and Manufacturing! Bioprocessi

43. Slide 43: Coherent Solutions for Pharmaceutical - Raman Spectroscopy

    COHERENT SOLUTIONS FOR PHARMACEUTICAL - RAMAN SPECTROSCOPY Custom OEM Solutions (Laser + Optics + Detection) THz-Raman Spectroscopy Product Line Versatile TR-Probe with accessories for WALDO - High Throughput Screening inline, bench and microscope applications Copyright 2024, Coherent. All rights re

44. Slide 44: Coherent Life Sciences and Artificial Intelligence (AI)

    COHERENT LIFE SCIENCES AND ARTIFICIAL INTELLIGENCE (AI) Drug Discovery, Pharmaceuticals & Clinical Trial Scientific Research Genomic, Diagnostics, Personalized Medicine Environmental Surgery Healthcare Services Coherent enables new instrumentation platforms that leverage AI Copyright 2024, Coherent.

45. Slide 45: Coherent Is Driving Next Generation Instrumentation Technologies

    COHERENT IS DRIVING NEXT GENERATION INSTRUMENTATION TECHNOLOGIES Materials Optics Subassembly & Lasers Systems Thermoelectrics Speed I Accuracy I Efficiency I Cost Size I User interface I Capabilities Copyright 2024, Coherent. All rights reserved. 45

46. Slide 46: Medical

    MEDICAL Dr. Karlheinz Gulden CFA – Senior Vice President, Laser Components and Subsystems Business Unit Copyright 2024, Coherent. All rights reserved. 46

47. Slide 47: Light Amplification by Stimulated Emission of Radiation

    LIGHT AMPLIFICATION BY STIMULATED EMISSION OF RADIATION 1905 -1917 1958 1962 2024 Arthur Schawlow and Albert Einstein Charles Townes Robert N. Hall Medical applications of Coherent Lasers  Hair removal  Wrinkle removal  Tattoo removal  Acne treatment  Body fat removal  Ophthalmology  Dental t

48. Slide 48: Coherent Life Sciences - Medical $3.6B

    COHERENT LIFE SCIENCES - MEDICAL Coherent Advantages  Technical differentiation  Intellectual property protection  Diversified product and application/technology portfolio  Precision and reliability  Quality leader $2.6B $3.6B  Capacity to Scale 2029 TAM  Vertical integration 2024 TAM  Integ

49. Slide 49: Coherent Life Sciences - Medical $3.6B

    COHERENT LIFE SCIENCES - MEDICAL Coherent Products  Laser diodes  Fiber lasers  Solid state lasers  Gas lasers $2.5B $3.6B  Fibers  Optics 2029 TAM 2024 TAM  Crystals  Gratings and filters  Thermoelectrics Competitors  Lasers: MKS, IPG, NKT  Optical Components: Newport, Edmund, Thorlabs 

50. Slide 50: Ophthalmology $200M

    OPHTHALMOLOGY Photocoagulation – Restoring Vision  Stop bleeding of blood vessels in the retina (AMD)  Laser light matches Hemoglobin absorption peak  Wavelength scalability to select 532 nm, 577 nm Retina  Complementary diode laser wavelengths at 675 nm and 808 nm $200M  Micropulsing capabilit

51. Slide 51: Ophthalmology - LASIK

    OPHTHALMOLOGY - LASIK LASIK (Laser Assisted In SItu Keratomileusis) Femtosecond precision Femtosecond lasers Flap is lifted with Excimer laser Flap is placed back cuts flap to open mechanical tool remove material to in place Deep UV ablation stroma correct vision  800k LASIK procedures/year  Suppl

52. Slide 52: Laser Hair Removal (Epilation) $640M

    LASER HAIR REMOVAL (EPILATION)  Worldwide market for epilation is growing in each 810 region Ideal wavelength 1064 810  Efficacy and pain depend on skin absorption of for skin types 1064 810 light 755 760 nm 810 755 810 $640M 808 nm Multi-color diode laser bars address all skin types with a Cosmet

53. Slide 53: Laser Acne Treatment

    LASER ACNE TREATMENT Novel Acne Treatment Laser treatment used to reduce scars rather for prevention  In 2012 a research team used a free electron laser of FEL (Thomas Jefferson Accelerator Facility) to identify the ideal wavelength to eliminate sebaceous glands that cause Acne sebaceous 1726 nm gl

54. Slide 54: Tissue Tightening/Wrinkle Removal

    TISSUE TIGHTENING/WRINKLE REMOVAL Laser based wrinkle removal  Laser light passes through epidermis  Dermis absorbs laser light  Heats up  Triggers formation of new collagen  Wavelength determines penetration depth  Typical diode wavelengths include: 1540 nm, 1940 nm  Power: ca. 10 W  Pilot

55. Slide 55: Photonic Components in the Medical Laser

    PHOTONIC COMPONENTS IN THE MEDICAL LASER Source Laser Beam Collimating Combiner Lens Thermoelectrics Laser Source Focusing Lens Example Components Common Materials Galvo Mirrors Articulated Low Roughness Aluminum, Arm Fold Mirrors (Concave & Plano) Copper, Silicon Beam Combiner Focus Spot Fused Sili

56. Slide 56: Photodynamic Therapy

    PHOTODYNAMIC THERAPY Injection of Accumulation Light Selective photosensitizer in tumor activation destruction of tumor cells Laser Wavelength Laser Power Photosensitizer Disease 450 nm Flavin Mononucleotide Melanoma 630 nm Porfimer Sodium Lung/esophageal cancer 650 nm Purlytin® Breast cancer 652 nm

57. Slide 57: Surgery, Endovascular, Treatment & 1470 nm

    SURGERY, ENDOVASCULAR, TREATMENT 980 & 1470 nm Prostate Treatment Kidney Treatment Optimized for Surgical Laser System Pictures: Copyright of Biolitec  Fibers for beam delivery  Treatment of varicose veins: 30 W @ 980 nm or 20 W at 1470 nm $200M Surgical Laser System Annual TAM  Cutting tissue: S

58. Slide 58: Dental 9.3 µm $250M

    DENTAL  CO2 lasers used in hard tissue (e.g. drilling teeth) and soft tissue (e.g. frenectomy) dental procedures  Anesthesia-Free, Blood-Free, Suture-Free, Pain-Free  Dramatic reduction in procedure time 9.3 µm Optimized for Dental Laser System  9.3 µm CO2 laser with potential to drive adoption

59. Slide 59: Affordable Diode Lasers Will Enable Personalized Medicine

    AFFORDABLE DIODE LASERS WILL ENABLE PERSONALIZED MEDICINE  Smart watches and other wearable devices are evolving into personal health monitors  Ideally non-invasive, continuous monitoring  Trend towards pro-active and preventive medicine, instead of "sick-care" $97B* Wearables  Monitoring Applic

60. Slide 60: Wearable Biosensing: Compound Semiconductors Hold the Key

    WEARABLE BIOSENSING: COMPOUND SEMICONDUCTORS HOLD THE KEY ! Semiconductor lasers and photonic integration are key enablers for wearable biosensors  Wavelength and linewidth choices  Size and power consumption  Hybrid photonic integration Example: Glucose peaks in NIR region Coherent Si Photodiode

61. Slide 61: Lasers and Optics for Scientific Research

    LASERS AND OPTICS FOR SCIENTIFIC RESEARCH Darryl McCoy - VP & General Manager of Coherent Scotland Copyright 2024, Coherent. All rights reserved. 61

62. Slide 62: Lasers and Optics for Research $700M

    LASERS AND OPTICS FOR RESEARCH  Our revenue in scientific research is primarily from lasers  Market leading position driven by complex, high value- add solutions  Importance to Coherent extends beyond strong revenue and sustained profitability $1,000 TAM, Lasers for Science $800 Region CAGR North

63. Slide 63: Multiphoton Microscopy $80M

    MULTIPHOTON MICROSCOPY  Enables deep imaging in biological tissues  Total SAM estimate at $80M for Lasers  Total sales since 2002 exceeded $750M  Requires complex femtosecond lasers, example Chameleon Family  Strongest growth in neuroscience applications, driven by funding into neurodegenerativ

64. Slide 64: Optogenetics

    OPTOGENETICS  Manipulation of neuronal activity using light and genetic labelling  Multiphoton setups require multiple lasers  Moving from “read only” to “read/write” interaction with neurons to probe the brain functions of learning and memory Copyright 2024, Coherent. All rights reserved. 64

65. Slide 65: Translational Research

    Image courtesy TRANSLATIONAL RESEARCH Syncell  The adoption of multiphoton microscopy into clinical applications  Strongly regulated, double digit growth from 2029  Generally, requires “Label Free” imaging techniques Photograph courtesy of Syncell Inc, Taiwan  Coherent’s Axon product range perfe

66. Slide 66: Lasers in Physical Chemistry

    LASERS IN PHYSICAL CHEMISTRY  Dominated by ultrafast lasers  Femtosecond pulses enable analysis of the fastest sub- atomic processes  Applications include materials science, EUV generation and fusion research  Vertical integration key to the development of highly complex lasers like Coherent’s A

67. Slide 67: From Lab to Fab

    FROM LAB TO FAB  Excimer laser technology has evolved from a scientific instrument to a mass production display tool  New technologies are constantly emerging from science to tackle some of the greatest challenges facing our planet Excimer Laser Annealing Tools for mass production of OLED displays

68. Slide 68: Q&A

    Q&A Paul Silverstein Dr. Giovanni Barbarossa Dr. Christopher Dorman Senior Vice President, Investor Chief Strategy Officer and Executive Vice President Relations & Corporate President, Materials Segment Lasers Segment Communications Dr. Sanjai Parthasarathi Dr. Kim Netzeband Dr. Karlheinz Gulden Dar

69. Slide 69: Coherent

    COHERENT

Coherent — Investor Day (May 2024) on 6ix