Coherent Corp. · NYSE:COHR
Coherent — Investor Day (December 2023)
69 slides from Coherent's investor day presentation, Dec 14, 2023
Slide 1: Industrial Market Overview
INDUSTRIAL MARKET OVERVIEW Markets Day December 14, 2023 Paul Silverstein Vice President, Investor Relations & Corporate Communications Copyright 2023, Coherent. All rights reserved. 1
Slide 2: Host
HOST Paul Silverstein Vice President, Investor Relations & Corporate Communications Copyright 2023, Coherent. All rights reserved. 2
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations (i) for our future financial and operational results (including expectations for future growth); (ii) regarding capital expenditures and the results
Slide 4: Speakers
SPEAKERS Paul Silverstein Dr. Sanjai Martin Seifert Dr. Christopher Dorman Dr. Kai Schmidt Vice President, Vice President, Executive Vice President Senior Vice President and Parthasarathi Investor Relations & High-Power Fiber Laser Lasers Business General Manager Chief Marketing Officer Corporate Co
Slide 5: Industrial Market Overview
INDUSTRIAL MARKET OVERVIEW Dr. Sanjai Parthasarathi – Chief Marketing Officer Copyright 2023, Coherent. All rights reserved. 5
Slide 6: All Our Markets Are Healthy and Growing Over the Long Term
ALL OUR MARKETS ARE HEALTHY AND GROWING OVER THE LONG TERM Aggregate CY23 TAM of $64B growing at 14% CAGR to $124B within five years Industrial Communications Electronics Instrumentation TAM: $22B TAM: $23B TAM: $13B TAM: $5B CAGR: 9% CAGR: 16% CAGR: 20% CAGR: 8% Sources: Optech Consulting, TechInsi
Slide 7: Our Markets and Verticals
OUR MARKETS AND VERTICALS Industrial Market Communications Market ▪ Precision Manufacturing ▪ Datacom ▪ Semiconductor Capital Equipment ▪ Telecom ▪ Display Capital Equipment ▪ Aerospace & Defense Electronics Market Instrumentation Market ▪ Consumer Electronics ▪ Life Sciences ▪ Automotive ▪ Scientif
Slide 8: Revenue Trends by Market
REVENUE TRENDS BY MARKET Revenue by FY23 FY23 FY23 FY23 FY24 FY22/23 % of FY22 (1) FY23 Market ($M) Q1 Q2 Q3 Q4 Q1 Growth FY24 Q1 Industrial $1,893 $461 $450 $438 $412 $1,763 $404 -7% 38% Communications $2,155 $585 $600 $538 $570 $2,293 $460 6% 44% Electronics $310 $180 $200 $139 $106 $626 $90 102%
Slide 9: Total Available Market
TOTAL AVAILABLE MARKET CY2023 CY2028 5 YR CAGR Industrial Total ($B) $ 22.3 $ 34.2 9% Precision Manufacturing $ 9.3 $ 13.8 8% Semi Cap Equipment $ 4.2 $ 5.8 7% Display Cap Equipment $ 1.2 $ 1.7 7% Sources: Optech Consulting, Laser Focus World, TechInsights, Omdia, DSCC, Internal estimates Copyright
Slide 10: Precision Manufacturing Vertical
PRECISION MANUFACTURING VERTICAL Copyright 2023, Coherent. All rights reserved. 10
Slide 11: Precision Manufacturing Applications $9B
PRECISION MANUFACTURING APPLICATIONS VERTICALITY SUPPORTS EVERY LEVEL OF THE VALUE CHAIN Wherever lasers are used for industrial manufacturing Automotive Manufacturing Machine Tools Systems Lasers $9B Medical Devices Industrial Electrical Electrical & Electronics & Electronics Components CY23 TAM (1
Slide 12: Precision Manufacturing Market Drivers
PRECISION MANUFACTURING MARKET DRIVERS Fiber Lasers for Medical Device EV Battery Manufacturing Manufacturing Manufacturing Rapid gigafactory expansion for Innovative next-generation Aging population, telehealth, EV battery production platform to address this large wearables and monitors market Copy
Slide 13: Precision Manufacturing Market Sizing & Dynamics
PRECISION MANUFACTURING MARKET SIZING & DYNAMICS Fiber Lasers for Medical Device EV Battery Manufacturing Manufacturing Manufacturing >11% CAGR >8% CAGR >5% CAGR $300M TAM $1,700M TAM $300M TAM ▪ Rapid expansion in N. America ▪ EV welding driving growth ▪ Aging population driving market and Europe ▪
Slide 14: EV Lithium Battery Production – Laser Applications
EV LITHIUM BATTERY PRODUCTION – LASER APPLICATIONS 4% 4% Slurry Drying Slitting Electrode Surface Treatment 17% Cell Welding Electrode Marking $300M 2023 TAM Cutting Separation Drying Internal Weld 75% Marking External Weld Cleaning of Cells Marking Copyright 2023, Coherent. All rights reserved. 14
Slide 15: Enabling Medical Device Manufacturing with Laser Technology
ENABLING MEDICAL DEVICE MANUFACTURING WITH LASER TECHNOLOGY Laser Welding Polymer Stents Thrombectomy Pacemaker Laser Cutting Laser Marking Additive Manufacturing Insulin Tubes UV Plastic Marking Biopsy Forceps Stent Cutting System Metal Stents Dental Implants Hypotube Hip Implant Intraocular Lens E
Slide 16: Semiconductor Capital Equipment Vertical
SEMICONDUCTOR CAPITAL EQUIPMENT VERTICAL Copyright 2023, Coherent. All rights reserved. 16
Slide 17: Semiconductor Industry on Its Way to $1T by 2030
THE SEMICONDUCTOR INDUSTRY ON ITS WAY TO $1T MARKET BY 2030 2010s 75% of semiconductor growth from mobile and compute 2020s AI, IoT and Smart Mobility PATH TO $1T AI AI/ML Smart phones IoT Industry 4.0 AR/VR Intelligent Wearables Smart Data centers Mobility Electric Vehicles Copyright 2023, Coherent
Slide 18: Enabling Semiconductor Processes with Lasers, Optics, and Ceramics
ENABLING SEMICONDUCTOR PROCESSES WITH LASERS, OPTICS, AND CERAMICS EUV/IR optics, Nanosecond Ion lasers CW solid-state lasers windows Excimer lasers & CO2 lasers Front End Ingot Bare Wafer Mask Writing Wafer Inspection Lithography Etch/ Annealing Of Line (Silicon, SiC) CMP / Inspection (Yield Mgmt/M
Slide 19: Semiconductor Market Sizing & Dynamics
SEMICONDUCTOR MARKET SIZING & DYNAMICS Global Semiconductor Market Semiconductor CapEx Spending 85% 15% $1T FEOL BEOL 2030 ▪ FY23 a record year with 11% year-over-year revenue growth, despite a downturn in the semiconductor $515B 2023 market ▪ FY24 revenue expected to grow by double digits year- ove
Slide 20: Display Capital Equipment Vertical
DISPLAY CAPITAL EQUIPMENT VERTICAL Copyright 2023, Coherent. All rights reserved. 20
Slide 21: Display Capital Equipment Vertical
DISPLAY CAPITAL EQUIPMENT VERTICAL Overall Display Demand Vertical Defined Display Capital Equipment represents all Display Demand by Segments optics, lasers and systems used to produce displays Others Mobile Phone AR/VR 7% 38% 2% Tablet 5% Macro Drivers Automotive Display market 7% ▪ Moving from a
Slide 22: OLED Manufacturing Process – Coherent Offers All Laser Processes
OLED MANUFACTURING PROCESS – COHERENT OFFERS ALL LASER PROCESSES Laser Cell Cutting and Laser Annealing Laser Lift-Off Laser Shape Cutting Display Glass PI LTPS TFT OLED Cathode Thin-Film Touch Laser Cell Cut Process Carrier Substrate Annealing Evaporation Patterning Encapsulation Sensor Lift-Off Mo
Slide 23: Display End Market Dynamics
DISPLAY END MARKET DYNAMICS Smartphone IT/ Automotive M Units 0.9% CAGR IT 3.5% CAGR M Units 4.0% CAGR Automotive 1400 1400 OLED OLED 1200 1200 Other Other 1000 1000 800 800 600 600 400 400 200 200 0 0 2023 2028 2023 2028 OLED CAGR OLED CAGR 8% IT 46%; Auto 34% OLED segment is growing Source: OMDIA,
Slide 24: Display Market Dynamics
DISPLAY MARKET DYNAMICS CRT LCD OLED MicroLED Industrial Evolution Trends 1980 1990 2000 2010 2020 2030 2040 ▪ Smartphones remain largest display market by units; OLED share growth leads to higher CAGR ▪ Increasing demand for OLED display equipment for tablets and automotive ▪ MicroLED market: stron
Slide 25: MicroLED Advantages, More Than Brightness
MicroLED ADVANTAGES, MORE THAN BRIGHTNESS… Integrated Micro Lens High Brightness Long Lifetime Array - Brightness Emitting & Sensing Smallest Pixel Size Robustness In-Display Plane Sensors Copyright 2023, Coherent. All rights reserved. 25
Slide 26: MicroLED Advantages, More Than Brightness
MicroLED ADVANTAGES, MORE THAN BRIGHTNESS… OLED-Display MicroOLED-Display MicroLED-Display (Smartphone) (VR) >15 µm Pixel 2µm Pixel 1-50µm Pixel ▪ Perfect Black = Brilliance ▪ Space for integrated Sensors/Cameras! Copyright 2023, Coherent. All rights reserved. 26
Slide 27: Mass Transfer Is the Most Critical Process for MicroLED Manufacturing
MASS TRANSFER IS THE MOST CRITICAL PROCESS FOR MicroLED MANUFACTURING All MicroLEDs are grown on EPI wafer Backplane TFT ▪ For small displays (e.g., AR/VR), it is its just 103 chips/cut/and assemble Transfer Display Wall Integration ▪ For everything larger, mass transfer is 102 Panel Size (inch) Tra
Slide 28: MicroLED Manufacturing Process – Coherent Offers All Laser Processes
MicroLED MANUFACTURING PROCESS – COHERENT OFFERS ALL LASER PROCESSES Laser Lift-Off Laser Annealing Mass Transfer Repair Annealing LTPS LED Wafer Fab could be Backplane Annealing separated from Display Fab Processed in LED Fab Processed in Display Fab Chip Laser Optional Ingot Singulation Arranging
Slide 29: Laser Processes for Smartphone Mass Production
LASER PROCESSES FOR SMARTPHONE MASS PRODUCTION Camera Module/Sensor Case ▪ Sapphire Lens Cutting ▪ Cutting / Engraving ▪ Welding / Soldering ▪ Laser Marking / Coding ▪ 3D Molded Interconnects Display Module OLED ▪ LTPS Annealing ▪ Laser Lift-Off Main PCB ▪ Glass / Sapphire Cutting ▪ Micro Via Drilli
Slide 30: Precision Manufacturing with High Power Fiber Lasers
PRECISION MANUFACTURING WITH HIGH POWER FIBER LASERS Martin Seifert – Vice President, High Power Fiber Laser Business Unit Copyright 2023, Coherent. All rights reserved. 30
Slide 31: Precision Manufacturing Applications
PRECISION MANUFACTURING APPLICATIONS Automotive Consumer Goods Manufacturing Machine Tools PRECISION Additive MANUFACTURING Manufacturing Medical Device Industrial Electrical Manufacturing & Electronics Copyright 2023, Coherent. All rights reserved. 31
Slide 32: Fiber Laser Integrated Machine Market: $11 Billion
FIBER LASER INTEGRATED MACHINE MARKET: $11 BILLION* Systems 9% 10% Welding - General Purpose Lasers 34% Welding - Automotive $11B * 8% Welding - Copper Components TAM Cutting - 3D 7% Optics Cutting - Low Cost Cutting - High Power Materials 32% * Source: Optech, Internal estimates; 2023 TAM: $11B; CA
Slide 33: Global High Power Fiber Laser Market a $1.7 Billion Market in 2023
GLOBAL HIGH POWER FIBER LASER MARKET A $1.7 BILLION MARKET IN 2023 High Power Fiber Laser Welding Cutting $1.7B 25% * 75% ▪ Production lines typically include ▪ A new opportunity for 2 to 20 identical fiber laser 2023 TAM Coherent systems ▪ Rigorous qualification required Welding Cutting * Source: O
Slide 34: E-Mobility Manufacturing Use Cases Drive the Laser Market
E-MOBILITY MANUFACTURING USE CASES DRIVE THE LASER MARKET ▪ Car body ▪ Aluminum hang-on parts ▪ Battery module ▪ Battery cell ▪ Battery pack ▪ Inverter ▪ E-Motor ▪ Transmission components Copyright 2023, Coherent. All rights reserved. 34
Slide 35: Best-in-Class ARM Laser for EV Battery Welding
BEST-IN-CLASS ARM LASER FOR EV BATTERY WELDING Adjustable Ring Mode (ARM) Laser has two key patented features: ▪ Independent control of center and ring beams • Center beam performs the weld Ring Beam Trailing edge of ring anneals • Ring beam pre-heats before the weld and post- heats for annealing Ce
Slide 36: The Fiber Laser Competitive Landscape
THE FIBER LASER COMPETITIVE LANDSCAPE 4 suppliers serve 75% 19% of the traditional fiber laser world market 14% ▪ Two from China have emerged in the past 5 years ▪ Two western suppliers holding legacy positions 6% Traditional Coherent market share Fiber Laser Market 2% Share Key competitive trends i
Slide 37: Integration of Industry Leading Laser and Processing Heads
INTEGRATION OF INDUSTRY LEADING LASER AND PROCESSING HEADS Benefits of the combined fiber lasers and processing heads: ▪ Software combines control and functionality for total performance ▪ Leverages AI ▪ Integrated system for highest efficacy Copyright 2023, Coherent. All rights reserved. 37
Slide 38: New Fiber Laser Business Unit to Accelerate Growth
NEW FIBER LASER BUSINESS UNIT TO ACCELERATE GROWTH Our opportunity to grow in the welding market is due to the combination of three key factors 1. Leader in copper welding for prismatic and cylindrical batteries for e-mobility 2. Leader in the market for fine welding of legacy, new, and difficult ma
Slide 39: High Power Fiber Laser Cutting Market Over $1 Billion Opportunity
HIGH POWER FIBER LASER CUTTING MARKET OVER $1 BILLION OPPORTUNITY 2023 Cutting systems units demand: 11% CAGR 2023-2028 High Power Fiber Laser Cutting Systems (Units) 120000 100000 HP Fiber Laser 80000 $1.7B * 25% 75% 60000 40000 2023 TAM 20000 0 2023 2024 2025 2026 2027 2028 Year Welding Cutting *
Slide 40: Complete Portfolio of Fiber-Laser Components Manufactured In-House
A COMPLETE PORTFOLIO OF FIBER-LASER COMPONENTS MANUFACTURED IN-HOUSE AT SCALE Acousto-Optic Specialty Fiber Infrared Optics Modulators East Granby Saxonburg Fuzhou Connecticut Pennsylvania China Beam Delivery Rotators & Fiber & Pump Systems Isolators Assemblies Mölndal Traverse City Calamba City, Sw
Slide 41: Global Service Network and Applications Labs
SUPPORTED BY AN GLOBAL SERVICE NETWORK AND STATE-OF-THE-ART EXPERTISE IN APPLICATIONS LABS 50 Service Centers ▪ 650 service engineers ▪ Inventory management ▪ Global logistics team Customer ▪ Preventive maintenance & repair Service ▪ Rapid field response Solutions ▪ 24/7 phone support 22 Application
Slide 42: Initiating a Fiber Laser Line in China
INITIATING A FIBER LASER LINE IN CHINA ▪ Establishing a fiber laser manufacturing line in Wuxi ▪ In established high-volume datacom transceiver manufacturing facility ▪ With mature, trained, and fiber literate workforce, with full support infrastructure ▪ Leveraging established service & sales organ
Slide 43: Summary
SUMMARY ▪ Lasers are increasingly used in precision manufacturing ▪ Coherent is growing and gaining share in welding applications for automotive. EVs are increasing the number of use cases ▪ We created a dedicated Business Unit to add focus and speed up time to market ▪ Coherent is planning to enter
Slide 44: Semiconductor Capital Equipment Vertical
SEMICONDUCTOR CAPITAL EQUIPMENT VERTICAL Dr. Chris Dorman – Executive Vice President, Lasers Business Copyright 2023, Coherent. All rights reserved. 44
Slide 45: Semiconductor Industry on Its Way to $1T Market by 2030
THE SEMICONDUCTOR INDUSTRY ON ITS WAY TO $1T MARKET BY 2030* $1000B $1T AI, IoT, & 800B Global Semiconductor Sales Smart Mobility Era 600B Datacenter Era 400B PC + Internet Era Smartphone Era 200B 0B 1990 1995 2000 2005 2010 2015 2020 2023 2025 2028 2030 Semi. Cap. Equipment TAM** CY2023 CY2028 $4.2
Slide 46: Key Drivers and Trends
KEY DRIVERS AND TRENDS Global semiconductor market value by vertical, indicative, $ billion Growth contribution per 1,065 vertical, 2021-30, % 7% 60 Wired communication 5 CAGR 95 Consumer electronics 10 130 Industrial electronics 15 6 7 150 Automotive electronics 9 590 20 35 13 50 100% 60 280 Wirele
Slide 47: Government Incentives Drive a Surge of Investments
GOVERNMENT INCENTIVES DRIVE A SURGE OF INVESTMENTS K-Belt Made in China 2025 CHIPS For America Act European Chips Act 5G & NEDO2 Act Independence (increase 100% self-sufficient Independence and Sovereignty and Drive growth in the local content to 50% by Chinese semiconductor technology leadership in
Slide 48: Enabling Semiconductor Processes in FEOL and BEOL
ENABLING SEMICONDUCTOR PROCESSES IN FEOL AND BEOL Ingot FEOL FRONT-END-OF-LINE Annealing Wafer Dicing BEOL BACK-END-OF-LINE Marking Bare Wafer Chemical 85% Deposition Laser Direct 15% System in Package Mechanical & Etch Polishing of TAM Imaging of TAM cutting Mask DUV, EUV PCB & Laser Wafer Optical
Slide 49: Key Semicap Market Growth Drivers and Competitive Differentiation
KEY SEMICAP MARKET GROWTH DRIVERS AND COMPETITIVE DIFFERENTIATION 1. Greater demand for Coherent laser-based inspection in the front-end-of-line ▪ Driven by the increasing chip tape-out cost as nodes become smaller 2. EUV lithography drives demand for ▪ Advanced CO2 laser optics ▪ High performance c
Slide 50: Smaller Nodes Drive More Laser-Based Inspection
SMALLER NODES DRIVE MORE LASER-BASED INSPECTION 1,400 600 ▪ Number of process steps increases as 1,200 500 transistors get smaller Number of Process Steps 1,000 ▪ Design costs increase with every node Design Costs ($M) 400 shrink 800 ▪ Yield decreases at nodes below 16 nm 300 ▪ Increased need for se
Slide 51: Shorter Wavelength Evolution for Higher Degree Sensitivity
SHORTER WAVELENGTH EVOLUTION FOR HIGHER DEGREE SENSITIVITY Green UV DUV Green DPSS CW DPSS: Verdi V series Genesis CX Azure NX UV Ion Laser Innova Sabre QCW Green OBIS Paladin Laser Paladin Compact Un-patterned wafer inspection schemes by wavelength* l (nm) 532 488 488 457 355 325 266 213 193 157 Po
Slide 52: EUV Lithography Drives Demand for CO2 Laser Optics
EUV LITHOGRAPHY DRIVES DEMAND FOR CO2 LASER OPTICS CO2 laser subsystems that Coherent enables with hundreds of optical components in each EUV lithography system: ▪ Seed laser ▪ Power amplifier ▪ Beam transport Output Couplers Modulator Windows Zinc Cadmium CVD Selenide Telluride Diamond Engineered m
Slide 53: Ceramics and Metal Matrix Composites for Wafer Fab Equipment
CERAMICS AND METAL MATRIX COMPOSITES FOR WAFER FAB EQUIPMENT High performance materials ▪ Tight flatness tolerances ▪ High CTE matching of silicon wafers ▪ High stiffness, high thermal conductivity, low weight Ceramics produced with additive manufacturing brings next-gen differentiation ▪ Enables co
Slide 54: Innovation in Lasers for Back-End-of-Line Processes
INNOVATION IN LASERS FOR BACK-END-OF-LINE PROCESSES Wafer Dicing BEOL BACK END OF LINE Marking Ultrafast lasers Marking subsystems System in Laser Direct Package Imaging cutting Quasi-CW lasers Pulsed lasers CO / CO2 lasers PCB/ Laser Optical Substrate Assisted Debonding Drilling Bonding Nanosecond
Slide 55: Innovation in Ceramics for Back-End-of-Line Equipment
INNOVATION IN CERAMICS FOR BACK-END-OF-LINE EQUIPMENT ▪ Speed of wafer stage movements is increasing in wafer probing, wafer dicing, chip to wafer bonding and wire bonding ▪ Requires new materials that reduce the effects of vibration and transient thermal dissipation from motorized assemblies ▪ Meta
Slide 56: Service Is Part of Our Overall Semicap Opportunity
SERVICE IS PART OF OUR OVERALL SEMICAP OPPORTUNITY Service revenue scales with ▪ Laser installed base ▪ Laser utilization Service strengthens customer intimacy ▪ Customers are assured that their large investments in semicap equipment can be serviced ▪ Drives long-term partner relationships: on the o
Slide 57: Near-Term and Longer-Term Outlook
NEAR-TERM AND LONGER-TERM OUTLOOK Recent performance ▪ Semicap revenue attained a new record level on the back of 11% year-over-year growth ▪ Revenue strength in front-end-of-line more than offset softness in back-end-of-line Outlook • In FY24 2Q, back-end-of-line business will moderate as productio
Slide 58: Excimer Lasers: Versatile Platform Addressing Numerous Applications
EXCIMER LASERS: VERSATILE PLATFORM ADDRESSING NUMEROUS APPLICATIONS Dr. Kai Schmidt – Senior Vice President Coherent & General Manager Excimer Business Unit Copyright 2023, Coherent. All rights reserved. 58
Slide 59: What Have Displays, Fusion, Semiconductors and Ophthalmology in Common? Excimer
WHAT HAVE DISPLAYS, CARBON FREE ENERGY GENERATION, SEMICONDUCTOR MANUFACTURING AND OPHTHALMOLOGY IN COMMON? Displays Fusion Energy Display Market Fusion Energy Market CAGR 4% CAGR 6% 2023-28 2023-28 Source: DSCC and internal estimates EXCIMER Source: Precedence Research and internal estimates LASER
Slide 60: Business Projections – Five Year Revenue Forecast
BUSINESS PROJECTIONS – FIVE YEAR REVENUE FORECAST Total Excimer Display Equipment Medical, Semi, PLD, others $ $ $ FY24 FY25 FY26 FY27 FY28 FY24 FY25 FY26 FY27 FY28 FY24 FY25 FY26 FY27 FY28 Sales Service Service OLED MicroLED MED SEMI PLD others Excimer Revenue CAGR 10% (1) Excimer Revenue CAGR 8% (
Slide 61: Key Drivers of Total Excimer Laser Revenue Five Year CAGR of 10%
KEY DRIVERS OF TOTAL EXCIMER LASER REVENUE FIVE YEAR CAGR OF 10% OLED displays MicroLED display for tablets and for TV notebooks KEY DRIVERS of Total Excimer Laser Revenue LASIK procedures Superconductors for vision correction for fusion reactors Copyright 2023, Coherent. All rights reserved. 61
Slide 62: Excimer Laser Annealing
EXCIMER LASER ANNEALING The de-facto standard and process of record for annealing OLED displays worldwide Copyright 2023, Coherent. All rights reserved. 62
Slide 63: Next Investment Cycle: Manufacturing Larger Displays for IT Devices
NEXT INVESTMENT CYCLE: MANUFACTURING LARGER DISPLAYS FOR IT DEVICES The OLED industry is scaling up from Gen-6 to Gen-8 OLED display fabs: ▪ To achieve economies of scale ▪ To enable OLEDs in IT devices: tablets and laptops First Gen-8 fabs expected to come online in late calendar year 2024, both in
Slide 64: From OLED to microLED
FROM OLED TO microLED For very large TVs and tiny wearable displays Potential for $1 billion of incremental revenue over the next ten years assuming: • MicroLED TVs larger than 60-inch will represent 10% of TAM • Approximately 4M TVs on average annually Copyright 2023, Coherent. All rights reserved.
Slide 65: Life Sciences, Semicap Equipment & Precision Manufacturing Verticals
LIFE SCIENCES, SEMICAP EQUIPMENT & PRECISION MANUFACTURING Wavelength: 193 nm VERTICALS Laser Vision Correction Inspection Diamond Marking Copyright 2023, Coherent. All rights reserved. 65
Slide 66: Wireless Electronics and Energy: Pulsed Laser Deposition
WIRELESS ELECTRONICS AND ENERGY PLD PULSED LASER DEPOSITION Superconducting tapes for fusion reactor 20,000 km tape for every fusion reactor 5G/6G 5G/6G filters for smartphone antenna 50 billion antennas required by 2030 Copyright 2023, Coherent. All rights reserved. Copyright 2023, Coherent. All ri
Slide 67: Our Excimer Laser Service Business: Global Reach, Local Focus
OUR EXCIMER LASER SERVICE BUSINESS GLOBAL REACH LOCAL FOCUS ▪ Worldwide 24/7 customer service and support ▪ Customer-tailored maintenance and service contract ▪ Technical support Greater than Greater than ▪ Global logistics services ▪ Spare parts, certified accessories, options, and consumables 98%
Slide 68: Q&A
Q&A Paul Silverstein Dr. Sanjai Martin Seifert Dr. Christopher Dorman Dr. Kai Schmidt Vice President, Vice President, Executive Vice President Senior Vice President and Parthasarathi Investor Relations & High-Power Fiber Laser Lasers Business General Manager Chief Marketing Officer Corporate Communi
Slide 69: Coherent
COHERENT