Coherent Corp. · NYSE:COHR
Coherent — II-VI — Furey Research Partners Hidden Gems Conference 2014
15 slides from Coherent's conference presentation, Nov 20, 2014
Slide 1: Our Technologies for Tomorrow's Innovations
Our Technologies for Tomorrow’s Innovations A Global Leader in Engineered Materials & Opto-Electronic Components Exhibit 99.1 Furey Research Partners Hidden Gems Conference November 20, 2014 New York City www.ii-vi.com NASDAQ: IIVI
Slide 2: Our Core – Material Excellence
Our Core – Material Excellence
Slide 3: About II-VI: Global Leader in Engineered Materials
56% 44% 46% 22% 20% 4% 4% 4% 31% 32% 37% Global Leader in Engineered Materials Headquartered in Saxonburg, PA ~ 7,000 Employees in 14 Countries FY14: $683M Revenue, 5.6% ROS 4 consecutive decades of profitability and counting Fiscal Year Revenues About II-VI
Slide 4: Organization
Photonics Performance Products Laser Solutions Strategic Resources Corporate G&A R&D NPI Organization M&A / Integration Tech Management Trade Compliance Operation Metrics Quality SCM Legal
Slide 5: Laser Solutions Segment
Revenue TAM Share FY14 FY13 $254M $218M $885M 29% Laser Solutions Segment Leading merchant supplier of CO , Fiber, and Direct Diode industrial laser components Leading supplier of CO optics for an install base of >70,000 high power lasers First to service EUV Lithography CVD Diamond optics demand —
Slide 6: Laser Solutions Segment
Laser Solutions Segment Vertical Cavity Surface Emitting Laser (VCSEL) CO Laser Optics Laser Cutting Heads Laser Diode Bar Green Laser Diode Module
Slide 7: Photonics Segment
Revenue TAM Share FY14 FY13 $217M $141M $2.0B 11% Photonics Segment Worldwide supplier of cutting edge amplification, pump, and transmission products for optical communication networks Service both intercontinental (undersea) and transcontinental (terrestrial) applications Leverage vertical integrat
Slide 8: Worldwide Fiber Optic Penetration
Worldwide Fiber Optic Penetration Source: Worldbank.org - Based on data from the World Telecommunication/ICT Indicators database
Slide 9: Photonics Segment
Photonics Segment Arrayed Amplifiers Dual Laser Chip 980nm Pumps 40G & 100G Quad Small Form-factor Pluggable (QSFP) Transceivers High Performance Optical Coatings and Filters Optical Switches
Slide 10: Performance Products Segment
Revenue TAM Share FY14 FY13 $213M $192M $2.1B 10% Performance Products Segment Focus on strategic markets where II-VI material expertise and technology enables growth and new functionality — Free Standing Diamond — Precision Optical Systems — High Value Material Reclamation — Reaction Bonded SiC Too
Slide 11: Performance Products Segment
Performance Products Segment Water Cooled Silicon Carbide Optics Energy Harvesting Pipe Strap CVD Polycrystalline Diamond Large Panel Sapphire Windows Opto-mechanical Assemblies
Slide 12: Profitability and Expectations
Expectations Exiting FY15 200 BPS > Q3 FY14 Gross Margin EBITDA Operating Margin FY15 FY16 35% - 38% 37% - 40% 15% - 18% 19% - 21% 7% - 10% 9% - 12 % Margin Performance Profitability and Expectations
Slide 13: Cash and Liquidity
Cash and Liquidity Cash and Liquidity Cash and Equivalents Cash Flow from Operations Long-Term Debt (Including current portion) Shareholders' Equity FY13 $185M $108M $114M $636M FY14 $175M $95M $241M $675M
Slide 14: Company Position
Company Position Strong Cash Position Positive Profit Outlook Leading Market Positions Diverse End Markets Global Manufacturing Footprint Growth via Organic and Acquisitions Ongoing $50M Stock Buyback Program
Slide 15: www.ii-vi.com
www.ii-vi.com I NASDAQ: IIVI *************************
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