Coherent Corp. · NYSE:COHR
Coherent — II-VI — Investor Day (May 2021)
66 slides from Coherent's investor day presentation, May 20, 2021
Slide 1: Advanced Markets & Technologies
Exhibit 99.1 Advanced Markets & Technologies Enabling a mobile, intelligent, and electric future May 20, 2021 Investor Event Copyright 2021, II-VI Incorporated. All rights reservedExhibit 99.1 Advanced Markets & Technologies Enabling a mobile, intelligent, and electric future May 20, 2021 Investor E
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains forward-looking statements relating to future events and expectations that are based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigatio
Slide 3: Expanding Into Growing Markets for 50 Years
Expanding Into Growing Markets for 50 Years From inspired and humble beginnings 50 years ago as an engineered materials company, II-VI has emerged as a leader in multiple end markets. Aerospace & Semi-cap. Consumer Communications Automotive Industrial Life Sciences Defense Equipment Electronics Copy
Slide 4: A Leader in Engineered Materials
A Leader in Engineered Materials II-VI recently became a member of the World Economic Forum where we will focus our contributions on the Advanced Manufacturing and Production Platform, including technology adoption, workforce development, and the development of resilient supply chains. Copyright 202
Slide 5: II-VI Foundation
II-VI Foundation Dr. Carl J. Johnson and his wife, Margot Johnson, built in 2007 the II-VI Foundation to support a great number of students around the world. In 2021, II-VI pledged its Dr. Carl J. Johnson support with a contribution Co-founder and first CEO of II-VI (1971) of one million dollars. Co
Slide 6: II-VI's Global Actions with Global Impact
II-VI’s Global Actions with Global Impact II-VI has entered into renewable-energy contracts for 15 facilities in the U.S. and Europe, representing about 20% of our annual energy consumption. We expect to expand the program to our manufacturing sites in Asia. Environmental Clean Water Renewable Waste
Slide 7: II-VI's Global Footprint
II-VI’s Global Footprint 1971 22,000+ 75 18 Year Worldwide Worldwide Countries Founded Employees Locations Copyright 2021, II-VI Incorporated. All rights reserved Page 7II-VI’s Global Footprint 1971 22,000+ 75 18 Year Worldwide Worldwide Countries Founded Employees Locations Copyright 2021, II-VI In
Slide 8: Today's Speakers
Today’s Speakers Giovanni Chris Sanjai Julie Sohail Barbarossa Koeppen Parthasarathi Eng Khan Innovation OCHIP Optical 3D Sensing Wide- Strategy Platform and Communications Bandgap Battery Electronics Technology Copyright 2021, II-VI Incorporated. All rights reserved Page 8Today’s Speakers Giovanni
Slide 9: Innovation Strategy
Innovation StrategyInnovation Strategy
Slide 10: Innovation Strategy
Innovation Strategy Six interlocking and time-tested criteria. 1. Leveraging technology platforms across markets 2. Differentiating products through engineered materials 3. Competitive vertical integration 4. Process-intensive technologies 5. Capital-intensive infrastructures 6. Performance-driven d
Slide 11: Leveraging Technology Platforms Across Markets
Leveraging Technology Platforms Across Markets We invest in technology platforms that we can leverage across multiple 1 end markets and applications, because they are more resilient to individual market cycles. Such a strategy enables us to achieve steadier returns from the investments and, therefor
Slide 12: Products Differentiated Through Engineered Materials
Products Differentiated Through Engineered Materials We target to differentiate our products by engineering materials that 2 impart functional performance and reliability advantages that are valued by our customers because they differentiate their products. We prefer to develop and manufacture produ
Slide 13: Competitive Vertical Integration
Competitive Vertical Integration We evolve over time to be vertically integrated when it makes 3 competitive sense, and not necessarily to maximize our margins, but rather to remain cost-competitive while protecting our intellectual property, and to have full and direct control of the capacity and q
Slide 14: Process-, Capital-Intensive & Performance-Driven
Process-, Capital-Intensive & Performance-Driven We invest to research and develop technology platforms that are 4 process-intensive and require complex manufacturing infrastructures, that are capital-intensive, and rely on performance-driven differentiation 5 to lead the market. We like products th
Slide 15: Market Megatrends
Market Megatrends Cloud 3D Sensing Renewable EV AI/ML AR/VR Energy Laser Additive Low-orbit Personalized Manufacturing Industry 4.0 Medicine Satellites Copyright 2021, II-VI Incorporated. All rights reserved Page 15Market Megatrends Cloud 3D Sensing Renewable EV AI/ML AR/VR Energy Laser Additive Low
Slide 16: OCHIP Platform
OCHIP PlatformOCHIP Platform
Slide 17: OCHIP Technology Platform
OCHIP Technology Platform Next-generation modular technology platform enabling ultrahigh density and ultrahigh data-rate optoelectronics integration and wafer-scale assembly. Switch, DSP, Drivers InP, Si Photonics VCSELs, Optics Glass, Silicon, Ceramic, Organic Optical Communications Commercial Sens
Slide 18: 6-Inch GaAs Benefits Multiple Applications
6-Inch GaAs Benefits Multiple Applications 6-inch GaAs technology developed for 3D sensing now benefits our semiconductor laser product lines for datacom, industrial, and aerospace & defense Edge-Emitter for VCSEL for 3D Sensing VCSEL for Datacom Industrial and A&D Copyright 2021, II-VI Incorporated
Slide 19: Switch Capacity Growth in Datacenters
Switch Capacity Growth in Datacenters 102.4T SMART Switch CITY Capacity 51.2T (Tbps) SMART 25.6T FACTORY AR/VR 12.8T 6.4T 3.2T AUTONOMOUS IoT 1.28T VEHICLES 640G 2010 2012 2014 2016 2018 2021 Future Copyright 2021, II-VI Incorporated. All rights reserved Page 19Switch Capacity Growth in Datacenters
Slide 20: 100G PAM-4 VCSEL Technology
100G PAM-4 VCSEL Technology For such high speeds, power dissipation and signal integrity become a challenge, which OCHIP technology can solve. Copyright 2021, II-VI Incorporated. All rights reserved Page 20100G PAM-4 VCSEL Technology For such high speeds, power dissipation and signal integrity beco
Slide 21: COGA Technology for Manufacturing Scalability
COGA Technology for Manufacturing Scalability ICs Discretes DSP, Drivers VCSELs, Optics Substrate Glass COGA enables automated multi-chip module assemblies directly on glass substrates, increasing product density, production speed and 8” glass substrate wafer lowering assembly cost. Copyright 2021,
Slide 22: Co-Packaged Optics Reduces Power Consumption
Co-Packaged Optics Reduces Power Consumption IC Switch Co-packaged optics could potentially reduce the power of a 100 Tbps switch Substrate Glass, Silicon, Ceramic, Organic fully equipped with transceivers from half to a quarter, depending on the exact configuration. 50% - 75% Power Reduction Co-Pac
Slide 23: Future Chip-to-Chip Interconnects
Future Chip-to-Chip Interconnects Switch, Processor, FPGA, or GPU Glass Carrier 16ch x 56GBd LD 4x4chx2 56Gbd VCSEL Co-packaged optical module 4x4ch 56Gbd PIN PD ▪ Artificial Intelligence 16ch x 56GBd TIA ▪ Machine Learning ▪ High-Performance Computing Copyright 2021, II-VI Incorporated. All rights
Slide 24: Optical Communications
Optical Communications Optical Communications
Slide 25: Communications Infrastructure From Edge to Core
Communications Infrastructure From Edge to Core New applications enabled by the digital transformation continue to drive increased bandwidth at the edge of the network that in turn drives the need for bandwidth upgrades throughout the entire optical network infrastructure. Datacenters Subscribers Ac
Slide 26: Market Evolution: Drive to Higher Speeds
Market Evolution: Drive to Higher Speeds $8,000 $7,000 $6,000 800G $5,000 $4,000 400G $3,000 200G $2,000 100G $1,000 $- 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1G 10G 25G 40G 50G 100G 200G 400G 800G Legacy/discontinued Copyright 2021, II-VI Incorporated. All rights reserved Page 26 Ma
Slide 27: Semiconductor Lasers for Optical Communications
Semiconductor Lasers for Optical Communications The laser is at heart of any transceiver and is a key enabling component for higher-speed optical communications. VCSEL Directly Modulated Laser Externally Modulated Laser Tunable Laser (DML) (EML) 1000’s of km Up to 10 km Up to 300 m Up to 40 km Copyr
Slide 28: Introducing the IC-TROSA
Introducing the IC-TROSA Built on industry-leading indium phosphide technology platform. Copyright 2021, II-VI Incorporated. All rights reserved Page 28Introducing the IC-TROSA Built on industry-leading indium phosphide technology platform. Copyright 2021, II-VI Incorporated. All rights reserved Pag
Slide 29: EUV Lithography
EUV Lithography II-VI laser optics and engineered ceramics enable the emergence of 5 nm nodes in leading-edge ICs. II-VI PRODUCTS FOR EUV LITHOGRAPHY: Shrinking node sizes Structural ceramic subsystems EUV source focusing optics Power amplifier diamond optics CO2 laser optics Integrated Circuits EUV
Slide 30: IC-TROSA Seamless Integration into 400G QSFP-DD
IC-TROSA Seamless Integration into 400G QSFP-DD The IC-TROSA is easy to integrate into a pluggable form factor like QSFP-DD or OSFP with any DSP. InP technology enables high output power. 400G QSFP-DD Copyright 2021, II-VI Incorporated. All rights reserved Page 30IC-TROSA Seamless Integration into 4
Slide 31: High Output Power of IC-TROSA Reduces Capex
High Output Power of IC-TROSA Reduces Capex Amplifier Amplifier Switch Switch or or Router Router 400G 400G The intrinsic ability of indium phosphide to achieve higher output power than silicon photonics enables a simplification of the network architecture, with fewer optical amplifiers in metro and
Slide 32: Benefits of the Pluggable Optical Line System (POLS)
Benefits of the Pluggable Optical Line System (POLS) POLS collapses the functionality provided by a rack-mounted optical line system into a pluggable device. ▪ Compactness: zero RU ▪ Cost reduction: ~5x ▪ Power reduction: ~50% ▪ Pluggability: Standard form factor ▪ Easy installation: Asymmetric fron
Slide 33: IC-TROSA Leading Technology for Open ROADM Transponders
IC-TROSA is a Leading Technology for Open ROADM Transponders Transponders ROADM Switch Switch or Reconfigurable Optical Add-Drop or ROADM ROADM Multiplexer (ROADM) Network Nodes Router Router ROADM The Open ROADM consortium is redefining reconfigurable metro and long-haul networks to be built using
Slide 34: 3D Sensing
3D Sensing 3D Sensing
Slide 35: VCSELs in New Applications
VCSELs in New Applications Proximity sensing in earbuds Robotic vacuum cleaners Food delivery robots Warehouse robots Copyright 2021, II-VI Incorporated. All rights reserved Page 35VCSELs in New Applications Proximity sensing in earbuds Robotic vacuum cleaners Food delivery robots Warehouse robots C
Slide 36: VCSELs on Front Side of Smartphones
VCSELs on Front Side of Smartphones Facial biometrics to unlock the screen or to authenticate a user performing a secure financial transaction. Copyright 2021, II-VI Incorporated. All rights reserved Page 36VCSELs on Front Side of Smartphones Facial biometrics to unlock the screen or to authenticate
Slide 37: VCSELs for Automotive In-Cabin Sensing
VCSELs for Automotive In-Cabin Sensing Monitoring ▪ Alertness of the driver ▪ Position of passengers To prevent accidents or reduce injury with more accurate and timely deployment of airbags. Copyright 2021, II-VI Incorporated. All rights reserved Page 37VCSELs for Automotive In-Cabin Sensing Monito
Slide 38: VCSELs for Augmented Reality
VCSELs for Augmented Reality Users can check the way a piece of furniture looks inside their home before making a purchase online. Copyright 2021, II-VI Incorporated. All rights reserved Page 38VCSELs for Augmented Reality Users can check the way a piece of furniture looks inside their home before m
Slide 39: Augmented Reality in Smart Factories
Augmented Reality in Smart Factories Technicians wear AR headsets to visualize the step-by-step assembly of complex systems or to be guided efficiently through elaborate troubleshooting procedures and to control quality. Copyright 2021, II-VI Incorporated. All rights reserved Page 39Augmented Realit
Slide 40: Toward Higher Power: Multi-Junction VCSELs
Toward Higher Power: Multi-Junction VCSELs Double-Junction Performance Double-junction ▪ 4.9 W peak power at 2.5% duty cycle VCSEL array chip ▪ 52% power-conversion efficiency at 2.7 A ▪ >100 W peak power at 0.01% duty cycle Copyright 2021, II-VI Incorporated. All rights reserved Page 40Toward Highe
Slide 41: Vertical Integration: VCSEL Illumination Modules
Vertical Integration: VCSEL Illumination Modules U.S. and European transportation safety regulators are increasingly recommending or requiring driver and occupancy monitoring systems in vehicles. VCSEL illumination module Copyright 2021, II-VI Incorporated. All rights reserved Page 41Vertical Integr
Slide 42: IC Design Capabilities for Sensing
IC Design Capabilities for Sensing World-class CMOS analog and digital IC design team with almost two decades of experience in designing drivers for optoelectronics. 350 million ICs shipped within transceiver products over the past 10 years. IC designs for VCSEL arrays will leverage co-packaging as
Slide 43: Wide-Bandgap Electronics
Wide-Bandgap ElectronicsWide-Bandgap Electronics
Slide 44: Growing Perfect SiC Crystal Structure is Critical
Growing Perfect SiC Crystal Structure is Critical Carbon Silicon It’s important that each atom of silicon and carbon finds its intended location in the crystal structure as we grow it in our furnaces at extremely high temperatures. Copyright 2021, II-VI Incorporated. All rights reserved Page 44Growi
Slide 45: Two Decades of SiC Materials Innovation
Two Decades of SiC Materials Innovation World’s First 3’’ Wafer 200 mm Wafer Manufacturing 100 mm Wafer 150 mm Wafer Demonstrated Demonstrated Demonstrated High-Quality Wafer Manufacturing 4H n-Type 6H SI Manufacturing 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 24 Years Back-end Processin
Slide 46: Advantages of SiC over Si for Power Electronics
Advantages of SiC over Si for Power Electronics Operates at much higher temperatures, Increases driving range of electric eliminating the need for cooling vehicles by 10% or more on a single components. charge. Sustains voltages 10 times higher and Switches 10 times faster, reducing the carries curr
Slide 47: Leveraging 3DSiC for >1 kV SiC Devices
Leveraging 3DSiC® for >1 kV SiC Devices 3DSiC® enables the growth of very thick epitaxial layers in multiple regrowth steps to create buried-grid structures that enable power devices operating at >1 kV. Copyright 2021, II-VI Incorporated. All rights reserved Page 47Leveraging 3DSiC® for >1 kV SiC De
Slide 48: 800 V Batteries Require >1 kV SiC Devices
800 V Batteries Require >1 kV SiC Devices 800 V batteries will enable powerful cars with faster acceleration, but also lower cost and faster battery charging. Copyright 2021, II-VI Incorporated. All rights reserved Page 48800 V Batteries Require >1 kV SiC Devices 800 V batteries will enable powerful
Slide 49: SiC Power Electronics for EV System Integration
SiC Power Electronics for EV System Integration The EV industry is moving toward system integration to reduce size, weight, and cost. This requires power electronics subsystems that are more compact to fit into a smaller space. ▪ Integration of multiple powertrain converters ▪ Integration of the mot
Slide 50: Additional Markets for >1 kV SiC Devices
Additional Markets for >1 kV SiC Devices Industrial robots Electric trains Datacenters Electric planes Heavy machinery Solar energy Wind power Smart power grids Microgrids Copyright 2021, II-VI Incorporated. All rights reserved Page 50Additional Markets for >1 kV SiC Devices Industrial robots Electr
Slide 51: Accelerating Time-to-Market with GE Technology
Accelerating Time-to-Market with GE Technology GE recent milestones in SiC 2015 6” device fabrication and packaging. In June 2020, II-VI licensed 2017 200⁰C rated surface mount. 1.2 kV, technology from GE to manufacture 25 mΩ Gen3 AEC-Q101 qualified. silicon carbide devices and modules 2020 Aviation
Slide 52: Leveraging a Vertically Integrated SiC Platform
Leveraging a Vertically Integrated SiC Platform Vertical This market, which is still at an early stage, Integration could quickly take off within a few years and reach $30 billion dollars by 2030. GE Technology (1) Significant SiC Market Opportunity II-VI and GE Technology ($bn) $30+ II-VI and GE Te
Slide 53: Battery Technology
Battery TechnologyBattery Technology
Slide 54: Lithium-ion Battery
Lithium-ion Battery II-VI has been developing cathode technology since 2014. Anode Electrolyte Electrolyte Cathode Separator Copyright 2021, II-VI Incorporated. All rights reserved Page 54Lithium-ion Battery II-VI has been developing cathode technology since 2014. Anode Electrolyte Electrolyte Catho
Slide 55: Higher Energy Storage With Sulfur
Higher Energy Storage With Sulfur Sulfur-based cathode technology can store a lot more energy than the current cobalt-based technology. Existing Cathode Technology II-VI Cathode Technology Lithium cobalt oxide Sulfur-carbon Copyright 2021, II-VI Incorporated. All rights reserved Page 55Higher Energy
Slide 56: II-VI Cathode Technology Enabler
II-VI Cathode Technology Enabler CARBON SKELETON STRUCTURE At the Carl J. Johnson Advanced Materials Technology Center, II-VI engineered a proprietary skeleton structure made of carbon atoms that keeps sulfur from migrating to the electrolyte, making sulfur cathode technology viable for batteries fo
Slide 57: II-VI Cathode Technology Performance
II-VI Cathode Technology Performance 1000 Up to 2x Energy Existing 100 Li-ion Li-ion Batteries Batteries With SeS-C Cathodes Up to 10x Power 10 100 1000 10000 Power (W/kg) Copyright 2021, II-VI Incorporated. All rights reserved Page 57 Energy (Wh/kg)II-VI Cathode Technology Performance 1000 Up to 2x
Slide 58: Sulfur Cathodes Enables Stable U.S. Supply Chain
Sulfur Cathodes Enables Stable U.S. Supply Chain II-VI cathode technology is cobalt-free. % of Global Resources 20% <1% in U.S. Conflict Yes No Mineral 2020 U.S. Geological Survey Copyright 2021, II-VI Incorporated. All rights reserved Page 58Sulfur Cathodes Enables Stable U.S. Supply Chain II-VI ca
Slide 59: Energy Storage at Scale on Utility Grid
Energy Storage at Scale on Utility Grid ENERGY STORAGE NEWS* U.S. states with energy storage mandates, targets and goals:* “New York Climate Leadership and Community Protection Act: Energy storage target of 3 GW of storage deployment by 2030 to support the transition away from reliance on fossil fue
Slide 60: Selenium-Sulfur Mix Optimized for the Application
Selenium-Sulfur Mix Optimized for the Application II-VI cathode technology can incorporate a mix of Selenium-Sulfur-Carbon Cathodes selenium and sulfur to engineer optimal tradeoff Theoretical Capacity Material (mAh/g) in energy storage capacity vs. power delivery. Se-C 675 Se S-C 842 Greater sulfur
Slide 61: Enabling a mobile, intelligent, and electric future
Enabling a mobile, intelligent, and electric futureEnabling a mobile, intelligent, and electric future
Slide 62: Communications, Computing & Sensing Convergence
Communications, Computing & Sensing Convergence Communications Computing Sensing Network Edge Network Network Core Augmented reality will require the near-instantaneous superposition of timely information, sourced from datacenters, onto a real scene displayed on a screen. Copyright 2021, II-VI Incor
Slide 63: Use Cases for High-Speed, Low-Latency Networks
Use Cases for High-Speed, Low-Latency Networks Augmented Reality Autonomous Navigation Smart Power Grids Smart Factories Smart Cities Remote Medical Surgery Copyright 2021, II-VI Incorporated. All rights reserved Page 63Use Cases for High-Speed, Low-Latency Networks Augmented Reality Autonomous Navi
Slide 64: 2019 U.S. Greenhouse Gas Emissions
2019 U.S. Greenhouse Gas Emissions Leveraging renewable sources of energy to power our zero-emission cars, our factories, and our lives has the potential to significantly reduce U.S. greenhouse gas emissions. 29% 25% 23% 6% 10% 7% Transportation Electricity Industry Agriculture Commercial Residentia
Slide 65: Enabling an Electric Future
Enabling an Electric Future Anode Cathode High-Voltage Selenium-Sulfur-Carbon Cathodes Power Electronics for Batteries Copyright 2021, II-VI Incorporated. All rights reserved Page 65Enabling an Electric Future Anode Cathode High-Voltage Selenium-Sulfur-Carbon Cathodes Power Electronics for Batteries
Slide 66: IVS
IVS 1971-2021 MATERIALS THAT MATTER