Slide 1: Summary of Private Placement
Summary of Private Placement Closed March 26, 2026 © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc.
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or solicitation with respect to the purchase or sale of any securities of the Company (including, for the avoidance of doubt, the convertible notes, shares of common stock and pre-funded warrants issued and sold on March 26, 2026, and the shares of common
Slide 3: Transactions Overview
TRANSACTIONS OVERVIEW Transactions Signal Confidence in Wolfspeed’s Long-Term Silicon Carbide Potential KEY TERMS FINANCIAL BENEFITS Reduced Existing 13.875%1 1L debt by ~$475.9M ~$62M ~$97M 4 • Closed on March 26, 2026 • Issued $379M 1.5L convertible senior secured notes due in Expected Annual Inte
Slide 4: Stronger Capital Structure Supports Long-Term Growth Potential
STRONGER CAPITAL STRUCTURE SUPPORTS LONG-TERM GROWTH POTENTIAL Pro forma view of debt tranches, cash interest rates, and total indebtedness PRE-TRANSACTION STRUCTURE POST-TRANSACTION STRUCTURE1 Total Debt $1.9B Total Debt $1.8B Blended Cash Interest Rate 10.9%2 Blended Cash Interest Rate 8.1%2 Tranc
Slide 5: Key Milestones Since Emergence
KEY MILESTONES SINCE EMERGENCE Restructuring Hopewind Toyota selects Q2 Earnings Strategic Complete Collaboration Wolfspeed Momentum Refinancing Emerged from Ch. 11, reducing Announced collaboration with Reported $1.3B cash1 balance Expected to reduce annual Partnered with Toyota to total debt by ~7
Slide 6: Improved Financial Position Supports Continued Penetration in Key Growth Verticals
IMPROVED FINANCIAL POSITION SUPPORTS CONTINUED PENETRATION IN KEY GROWTH VERTICALS COMPELLING MARKET OPPORTUNITY SiC is growing at a ~21% CAGR from 2026 to 2030 and ~50% of Si Power market is addressable by SiC SiC Device Market Forecast SiC Materials Market Forecast $12,000 $1,800 $1,600 $10,000 $1
Slide 7: Private Placements Terms – Closed March 26, 2026
PRIVATE PLACEMENTS TERMS – CLOSED MARCH 26, 2026 1.5 Lien Convertible Notes Size • $379.0mm Maturity • March 15th, 2031 Ranking • 1.5 Lien Secured • Non-callable for 2 Years Call Protection • Provisionally Callable From Year 2-3 @ 175% of Conversion Price with Table Make-Whole • Provisionally Callab
Slide 8: © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered
© 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc.