Slide 1: Nova Investor Presentation
Nova Investor Presentation August 2025 1 © Nova confidential & proprietary information
Slide 2: Cautionary Statements
Use of Non-GAAP Adjusted Financial Measures Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following: risks related to This presentation provides financial measures that exclude amortization of information technology security thre
Slide 3: Nova is a leading innovator in advanced metrology and process control
Nova is a leading innovator, and a key provider of advanced metrology and process control solutions used in semiconductor manufacturing 3 © Nova confidential & proprietary information
Slide 4: Revealing the Invisible
Revealing the Invisible Actionable Insight, Critical Foresight Advanced Logic (AI-Enabled) A100 B100 4 Logic DRAM NAND Packaging X Advanced 25B Dimensional Transistors 200B Software Advanced Memory Materials 128T X 3 300T Tiers Chemical Advanced Packaging Physical & Mathematical 300, 200, 150 mm Waf
Slide 5: Company Revenues
Revenue ($M) Company Revenues Proven execution Nova Product +27% 672 Revenue Resilient business model 571 Outperforming the industry WFE +15% Differentiated Portfolio 269 Organic Growth Engines Diverse Revenue Streams 2020 2022 2024 Diverse Markets & Nodes Global Footprint Source: Gartner, Non-GAAP
Slide 6: Quarterly Performance
Quarterly Performance $213 $220 $221 $195 Q2 25 Highlights Record Revenue, +40% YoY $2.18 $2.20 $2.12 Record profitability, exceeding $1.94 guidance Record revenue from Q4 2024 Q1 2025 Q2 2025 Q3 2025F Foundry/Logic Record revenue from chemical metrology Company Guidance Revenue EPS $856M Cash Reser
Slide 7: AI-Driven Market With Multiple Growth Engines
AI-Driven Market With Multiple Growth Engines Revenue in $B AI Semi Non-AI Semi Revenue CAGR 2024-2029 10% 23% 1156 1T Advanced Mature Industry AI Semi $ 1039 Logic 12% Logic GAA 958 942 872 488 44% 758 397 Advanced 319 354 17% Memory 656 268 ה 209 138 HBM 18% 604 623 604 642 688 32% 518 549 Advan
Slide 8: Multiple Device Inflections Increase Process Control Intensity
2020 2030 Multiple Device Inflections Logic FinFET GAA + BPD CFET DRAM Increasing Complexity 2D 4F2 3D DRAM 3D NAND Single Stack Multi Stack Multi Deck (HB) Increase Process Control Intensity Advanced Packaging Controller Silicon Interposer Processor 2D FO 2.5D Interposer 3D HB 8 © Nova confidential
Slide 9: Metrology Opportunities in Logic
Metrology Opportunities in Metrology Opportunities Dimensional • Nanosheets, Nano TSV’s • Wafer Edge Metrology Metrology Intensity Increase 50% Materials Diversity • Silicon Stress and Strain • New Material Characterization 30% Quantity Chemical • More plating steps FinFET GAA GAA+BPD • Tighter Proc
Slide 10: Metrology Opportunities in Memory
Metrology Opportunities in Metrology Opportunities Dimensional • HAR CD’s • HB Metrology X2 TAM Growth 3D DRAM Materials NAND • Composition and Thickness 4F2 • Doping and Contamination 2D Multi Deck Chemical Multi Multi Stack Stack • Tighter Process and Contamination Control 10 © Nova confidential &
Slide 11: Metrology Opportunities in Advanced Packaging
Metrology Opportunities in Metrology Opportunities Dimensional • TSV & RDL Metrology 600 • Pre- and Post- HB Metrology • Panel-Level Metrology Advanced Packaging TAM ($M) Chemical 200 • Contaminants and Photoresist Leach Detection 11 © Nova confidential & proprietary information
Slide 12: Global Strength, Ready for Secular Growth
Global Strength, Ready for Secular Growth 4 R&D and Production Centers, 31 sites +80% Production Capacity Europe USA Germany 2 sites Korea California 5 Sites Japan 4 Sites 6 offices 2 Sites China 4 Sites Israel Taiwan Rehovot; 5 Sites Ness Ziona Corporate Singapore sites 1 Sites Legend: R&D and Prod
Slide 13: Critical Dimensions, Material Properties, Chemical Analytics
Critical Dimensions Integrated Standalone Standalone Standalone Material Properties XPS, XRF Raman Spectroscopy SIMS Physical & Mathematical Modeling Big Data Analytics Fleet Management Chemical Analytics Front End Wafer Level Packaging Direct Metal Replenishment
Slide 14: Unique Solutions for Complex Challenges
Unique Solutions for Complex Challenges Dimensional Materials & Chemical TTV/Edge Properties Topography Composition Isolate Structures Stress HAR Structures Conformality Variability Interfaces Mixed Dimensional & Materials 14 © Nova confidential & proprietary information
Slide 15: Leveraging Technology Differentiation
Leveraging Technology Differentiation Dimensional Optical CD Materials Chemical AncoScene® Ancolyzer® DMR® Integrated VeloCD/ Prism SemDEX VeraFlex® Elipson® Metrion® Front-End Wafer level Direct Metal Stand-alone (XPS+SRF) (Inline Raman) (Inline SIMS) packaging Replenishment Adv. Logic Adv. Memory
Slide 16: Targeting Double-Digit Annual Growth
Targeting Double-Digit Annual Growth Service Gross Margin 22% 160 46% CAGR $134M 43% 140 38% 120 $106M 100 80 $60M 60 6400 40 4600 20 3000 0 2020 2022 2024 2020 2022 2024 Revenue Installed base Service profitability Service revenue growth accelerates profitability, enhancing margin resilience and lo
Slide 17: Elements of Product Strategy
Elements of Product Strategy Organic & Maintain Tech Leadership ;; Materials Leadership of Annual Revenue invested in R&D New Growth Engines;; Early Access Lab to Fab Technology Path Finding and Incubation ;; Adjacent Process Control Markets 17 © Nova confidential & proprietary information
Slide 18: Innovation Fueling R&D Investment
Innovation Fueling R&D Investment (Net, $M) $4B 120 100 80 $2B 60 40 $1B 20 0 2019 2021 2023 2024 2020 2023 2027 18 © Nova confidential & proprietary information Non-GAAP Financials, company Data
Slide 19: Financial Target Model
Financial Target Model Operating Margin Earnings 28%-33% ~10$ M&A $1000M $800M Revenue R&D Investment Tax +$1B 15%-17% 15% $600M $400M Gross Margin SG&A Share Count 57%-60% 12%-14% 32M 2019 2024 2027 Company revenues, Non-GAAP Financials 19 © Nova confidential & proprietary information
Slide 20: Read the 2025 Sustainability Impact Review
Integrity & People First Always Scope 1+2 Foundation Transparency Established Governance Social Environment Read the 2025 Sustainability Impact Review 20 © Nova confidential & proprietary information
Slide 21: Key Takeaways
Key Takeaways Positioned for Continuous Growth Process complexity, new markets and geopolitics drive investments Gross Margin Increasing need for advanced metrology and process control solutions Unique, disruptive technology portfolio 57%-60% Stronger position, penetrating new segments, expanding TA
Slide 22: Thank You
Thank You 22 © Nova confidential & proprietary information