Coherent Corp. · NYSE:COHR
Coherent — II-VI — Merger or Acquisition (November 2012)
12 slides from Coherent's merger presentation, Nov 1, 2012
Slide 1: II-VI Incorporated Acquisition of M Cubed Technologies, Inc.
Exhibit 99.2 II-VI Incorporated Acquisition of M Cubed Technologies, Inc. November 1, 2012 1 1
Slide 2: Forward Looking Statement Disclaimer
Forward Looking Statement Disclaimer This presentation and the remarks of its presenter(s) contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”,
Slide 3: Agenda
Agenda • Review of Today’s Announcement • Overview of M Cubed Technologies, Inc. • Strategic Rationale and Fit with II-VI • Financial Impacts of the Transaction • Question and Answer Session 3
Slide 4: Review of Today's Announcement
Review of Today’s Announcement • We have completed the acquisition of M Cubed Technologies, Inc. announced earlier today. • The consideration was cash of $71.4 million. In addition, closing adjustments, including a working capital adjustment, could increase the purchase price by an additional $2.5 m
Slide 5: Overview of M Cubed Technologies, Inc.
Overview of M Cubed Technologies, Inc. Founded in 1993, M Cubed focuses its energy on developing advanced materials and ceramics manufacturing processes in the fields of Metal Matrix Composites (MMCs) and Reaction Bonded Ceramics (RB SiC and RB B4C). The resulting products are found in applications
Slide 6: Advanced Ceramic/Metal Composites – A New Class of Materials
Advanced Ceramic/Metal Composites – A New Class of Materials Carbon Refractory Metals: Property Ceramic/Metal Composites Steel Nb, Mo, Ta, W 3 3 Density, g/cm 8–9 9 - 20 Light weight: 2.5 – 4.5 g/cm MP up to 4000°.CRetains Melting Point ~ 1300 C 2400 – 3700 C properties at extremely high temperature
Slide 7: Core Competency: Reaction Bonded SiC Ceramics & Metal Matrix Composites
Core Competency: Reaction Bonded SiC Ceramics & Metal Matrix Composites Business Segments Industries Served Proprietary Know-How Precision Products Group Semiconductor Capabilities Vacuum Wafer Chucks Flat Panel Display Ceramic Manufacturing Electrostatic Chuck Components Glass Manufacturing Foundry
Slide 8: Successful Partnership with Semiconductor and Display OEMs
Successful Partnership with Semiconductor and Display OEMs Material Characterization Engineered Material Development Material Precision Development Machining Electromechanical Nanometer Assembly Metrology 8
Slide 9: Strategic Rationale and Fit with II-VI
Strategic Rationale and Fit with II-VI • Engineered Materials Company. • History of successfully leveraging material technology and unique process knowledge to develop value added products for OEM markets. • Intimate customer relationships and a solid reputation with industry leaders. Structural Mat
Slide 10: II-VI and M Cubed Together - Providing Innovative Solutions
II-VI and M Cubed Together - Providing Innovative Solutions 193nm & EUV Lithography of 300mm & 450mm Wafers II-VI Infrared • Mirrors Ceramic Components • ZnSe Optics • Complex Coatings • Wafer Tables • Diamond Windows • Stage Structures • Collector Mirrors • Chucks • Cold Plates • Stage Mirrors • Se
Slide 11: Financial Impacts of the Transaction
Financial Impacts of the Transaction • Acquisition was financed in part due to the exercise of a $30 million accordion on II-VI’s credit facility. • Total debt of II-VI after this transaction increased to approximately $82 million. • M Cubed is expected to generate approximately $35 million in reven
Slide 12: Question and Answer Session
Question and Answer Session These comments and answers to certain questions contain forward looking statements which are based on current expectations. Actual results could differ materially. For information about factors that could cause the actual results to differ materially, please refer to the