Wolfspeed, Inc. · NYSE:WOLF
Wolfspeed — Debt Investor Presentation (May 2025)
23 slides from Wolfspeed's debt investor presentation, May 8, 2025
Slide 1: Cleansing Materials
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. M A Y 2 0 2 5 Cleansing Materials Exhibit 99.1
Slide 2: Forward Looking Statements and Non-GAAP Measures
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 2 FORWARD LOOKING STATEMENTS AND NON-GAAP MEASURES a Confidential The information contained herein is strictly confidential. The recipient
Slide 3: Agenda
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 3 AGENDA Business and market overview Financial overview Term Sheets 1 2 3 Appendix4
Slide 4: Wolfspeed Well-Positioned for Growth in the Multi-Billion Dollar SiC Industry
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 4 Silicon carbide serves mission- critical sectors including auto, AI data centers, energy, and aerospace & defense Investment in purpose-b
Slide 5: SiC Device Market Is Forecast to Reach ~$11B by 2030
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 5 $3.4B $4.3B $5.2B $6.4B $7.9B $9.5B $11.1B $0 $2 $4 $6 $8 $10 $12 2024 2025 2026 2027 2028 2029 2030 SiC DEVICE MARKET IS FORECAST TO REA
Slide 6: Wolfspeed at a Glance
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 35+ years Wolfspeed has been vertically integrated making silicon carbide semiconductors #1 Producer of silicon carbide materials 1st Comme
Slide 7: Leading Pure Play, Vertically Integrated Silicon Carbide Company
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 7 WOLFSPEED IS A LEADING PURE PLAY, VERTICALLY INTEGRATED SILICON CARBIDE COMPANY WITH A CUSTOMER BASE OF INDUSTRY LEADERS Materials Silico
Slide 8: Silicon Carbide Is an Essential Solution for Mid to High Power Applications
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 8 Electric Vehicles Defense Industry Electrification Require less battery, enhancing car design; faster charging and longer range • Inverte
Slide 9: Leader in the SiC Industry's Transition to 200mm Wafers
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 9 AS CUSTOMERS CONVERT TO SILICON CARBIDE, WOLFSPEED IS A LEADER IN THE SIC INDUSTRY’S TRANSITION TO 200MM WAFERS More devices from a singl
Slide 10: Purpose-Built SiC Fab: Impact on Costs and Gross Margins
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 10 PURPOSE-BUILT SILICON CARBIDE FAB – IMPACT ON COSTS AND GROSS MARGINS Future Power Device revenue is in 200mm >50% Die Cost Reduction Du
Slide 11: First Mover Advantage in 200mm
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 11 FIRST MOVER ADVANTAGE IN 200MM ALLOWS FOR SIGNIFICANT VOLUME TRAJECTORY 2023 2024 2025 2026 2027+ Czech Republic – Multi- Year SiC Inves
Slide 12: Significant Progress Made to Simplify 200mm Footprint
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 12 SIGNIFICANT PROGRESS MADE TO SIMPLIFY STATE OF THE ART, FULLY- AUTOMATED 200MM FOOTPRINT TO SERVE INDUSTRY’S TOP CUSTOMERS • Crystal gro
Slide 13: Annual Design-Ins Deliver Long Tail Revenue Opportunity
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. ANNUAL DESIGN-INS DELIVER LONG TAIL REVENUE OPPORTUNITY 13 Illustrative Revenue Profile from Auto Design-In2-4 Years Design Cycle Design cy
Slide 14: Power Device Footprint Anticipated to Help Capture Market Opportunity
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 14 FY2021FY2020 FY2022 • $1.5B of Power Device Design-Ins in FY25 Q2 – ~$30B of cumulative Power Design-Ins since FY20 • $0.7B of Power Des
Slide 15: Agenda
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 15 AGENDA Business and market overview Financial overview Term Sheets 1 2 3 Appendix4
Slide 16: Wolfspeed Financial Outlook - Summary
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 16 WOLFSPEED FINANCIAL OUTLOOK - SUMMARY Demand outlook for FY26 : - Ramp in Auto DWINs - I&E: signs of recovery – customer escalations, ch
Slide 17: Financial Outlook: Income Statement (Non-GAAP View)
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 17 Annual Fiscal Year FY25 FY26 FY27 FY28 FY29 Period Ending Jun-25 Jun-26 Jun-27 Jun-28 Jun-29 Fcst Fcst Fcst Fcst Fcst NCF $146 $14 $- $-
Slide 18: Financial Outlook: Operating Cashflow (Non-GAAP View)
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 18 Annual Fiscal Year FY25 FY26 FY27 FY28 FY29 Period Ending Jun-25 Jun-26 Jun-27 Jun-28 Jun-29 Fcst Fcst Fcst Fcst Fcst Non-GAAP EBITDA ($
Slide 19: Agenda
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 19 AGENDA Business and market overview Financial overview Term Sheets 1 2 3 Appendix4
Slide 20: 2026 AHG Summary Term Sheet
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 20 2026 AHG SUMMARY TERM SHEET AHG Proposal (4/30/25) Deal Size $460.0M notional value of 2026 Notes Exchange Value 90.0% Exchange Secu
Slide 21: Agenda
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 21 AGENDA Business and market overview Financial overview Term Sheets 1 2 3 Appendix4
Slide 22: Glossary of Terms
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 22 GLOSSARY OF TERMS Battery Electric Vehicles (BEVs): Battery Electric Vehicles are fully electric vehicles that rely solely on an electri
Slide 23: Thank You
© 2025 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfspeed logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. THANK YOU