Camtek Ltd. · NASDAQ:CAMT

Camtek — Investor Presentation (January 2026)

24 slides from Camtek's investor presentation, Jan 13, 2026

1. Slide 1: Camtek Investor Presentation January 2026

   CamtekInvestor Presentation January 2026

2. Slide 2: Disclaimer

   Disclaimer Confidentiality This presentation is confidential and may not be reproduced or distributed to others at any time without our prior written consent. Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. You can i

3. Slide 3: Camtek at a Glance

   3 CAMTEK AT A GLANCE (Nasdaq & TASE: CAMT) $794 Cash As of 9/30/25 (1) >3,000 Installed Base (ASP: ~$1M) 700 Employees Inspection and metrology systems for the semiconductor market Secular trends support continued growth (1) Includes cash and cash equivalents, short-term and long-term deposits and m

4. Slide 4: Outperforming the Industry

   Outperforming the Industry 4 Copyright of Camtek Ltd© 2026. All rights reserved

5. Slide 5: Market leader in Metrology and Inspection for Advanced Packaging

   Market leader in Metrology and Inspection for Advanced Packaging 5 Installed base of over 3000 tools Over 300 Customers Copyright of Camtek Ltd© 2026. All rights reserved

6. Slide 6: Our Market & Competitive Landscape

   Our Market & Competitive Landscape Our systems provide inspection & metrology of 100% of the dice on the wafer, ensuring Known-Good-Die Front-End Mid-End Back-End Other players End of Line Wafer Level Packages Dicing Assembly Camtek’s main market CMOS Image Sensors BEOL Front-end Compound Semi Power

7. Slide 7: Double-Digit Target Markets Growth

   Double-Digit Target Markets Growth 7 Adaption of HBM & ChipletsThru 2030 25-35% HPC and AI Sources: Yole, TechInsights, Tech Search, Technavio and others 7 Mobile >12% Advanced packaging CMOS RF Automotive SiC 22% Thru 2030 45% of our revenues Copyright of Camtek Ltd© 2026. All rights reserved

8. Slide 8: What we do?

   What we do? 8 Inspection 3D Metrology Metrology Front side at Sub-micron defects Backside inspection Edge inspection Micro-Bumps coplanarity, and height Up-to 500M bumps per wafer RDL CD/Overlay TSV Topography TTV, Warp/Bow, Layer thickness Eagle Hawk MicroProf Hawk Eagle *FRT acquisition contributi

9. Slide 9: New Products Release

   New Products Release 9 September 2024 February 2025 Eagle G5 Hawk 5th generation of the Eagle platform 40% Faster TPT 25% Higher Detection Sensitivity Clear Sight technology for multi RDL (FO) inspection and CIS Designed for Cutting Edge Advanced Packaging: Chiplets, HBM and Hybrid Bonding Detecting

10. Slide 10: HPC Market & AI Impact

    HPC Market & AI Impact 10 Majority of Camtek’s business supports HPC-related hardware AI adoption is driving exponential growth in HPC demand Growing need for powerful, dedicated hardware for AI in: Server farms (seeing double-digit growth YoY) Edge computing (Automotive, Robotics, PCs, Mobile Devic

11. Slide 11: CoWoS and similar technologies are key for HPC and AI

    CoWoS and similar technologies are key for High Performance Computing and AI 11 Most of the wafers used for HPC are measured and inspected on Camtek tools Copyright of Camtek Ltd© 2026. All rights reserved Source: Applied Materials, Inc. Known-good-die is key

12. Slide 12: Strong Market Growth for CoWoS (and like) Packages

    Strong Market Growth for CoWoS (and like) Packages Applications today AI inferencing and training Server High end PCs GPU for Gaming Telecom network switch Future applications Automotive Mobile General computing 12 Source: TechSearch, Aug. 2024 Projected 51% 2025-2029 CAGR CoWoS and CoWos like Copyr

13. Slide 13: Well Positioned to Benefit from AI Technology Trends

    Well Positioned to Benefit from AI Technology Trends 13 OSATS (slowly moving in) Chiplet and HBM Manufacturers Inspection & Metrology Players AI > 25% Growth Edge technology with a few players Numerous inspection & Metrology Steps High resolution inspection & Metrology Copyright of Camtek Ltd© 2026.

14. Slide 14: Financial Overview

    Financial Overview 14 Copyright of Camtek Ltd© 2026. All rights reserved

15. Slide 15: Track Record of Growth and Profitability

    Track Record of Growth and Profitability 11% 18% 19% 17% ($ in millions) ($ in millions) ($ per share) 2017-2024 CAGR: 21% Rapidly growing with significant operating leverage in the model 15 Revenue 28% Operating Income and Margin* Net Income per Diluted Share* *Financial statistics are presented on

16. Slide 16: Q3 2025 Highlights

    Expect continued Growth in Q4 to ~$127M Representing annual revenues of $495 million 16 Q3 2025 Highlights Gross Margin 51.5% Revenue $126M Operating Income $37.6M (29.9%) +10% (YoY) +12.2% (YoY) +14% (YoY) Copyright of Camtek Ltd© 2026. All rights reserved

17. Slide 17: Strong Q3 2025 Results (Non-GAAP)

    Strong Q3 2025 Results (NON-GAAP) 17 Q4/25 guidance ~$127M - Representing annual revenues of $495 milli Copyright of Camtek Ltd© 2026. All rights reserved

18. Slide 18: New Target Model

    New Target Modelassuming substantially organic growth AI revolution taking Camtek to the next level Revenue ($ millions) Gross Margin (%) Operating Margin (%) ~$500m $750m Current* Run Rate 51-52% 54-55% Current* @$750m Target Model 30% 33-35% Drivers:, increased software & services revenue, new gen

19. Slide 19: Selected Balance Sheet Data

    Selected Balance Sheet Data 19 (1) Includes cash and cash equivalents, short-term and long-term deposits and marketable securities ($ in millions) 9/30/25 (Unaudited) 12/31/24 (Audited) Cash & Deposits (1) $794 $501 Trade Account Receivables, net 113 99 Inventory 143 123 Fixed Assets 52 54 Intangibl

20. Slide 20: Key Takeaways

    Positioning 300 customers, 70% of our business is Tier1 Technology Supporting the most challenging applications in our market Market Leading provider for the HPC market - rapidly expanding our TAM Financials Leverage in our model with strong balance-sheet Key Takeaways 20 2026 should be a growth yea

21. Slide 21: Thank You

    21 Thank You info@camtek.com www.camtek.com Copyright of Camtek Ltd© 2026. All rights reserved

22. Slide 22: Appendix

    Appendix 22 Copyright of Camtek Ltd© 2026. All rights reserved

23. Slide 23: Reconciliation from GAAP to Non-GAAP

    Reconciliation from GAAP to Non-GAAP 23 In October 2023, the Company completed the acquisition of FRT. In the fourth quarter the Company recorded acquisition related expenses including write-up of inventory to fair value, amortization of intangible assets, inventory write-off and acquisition expense

24. Slide 24: Reconciliation from GAAP to Non-GAAP (cont'd)

    Reconciliation from GAAP to Non-GAAP (cont’d) 24 $ in millions (except per share data) FY2020 FY2021 FY2022 FY2023 FY2024 Gross profit (GAAP) $73.3 $137.3 $159.9 $147.6 $210.0 % of revenue 47.00% 50.90% 49.80% 46.80% 48.90% Share based compensation 0.4 0.6 1.2 1.6 2.2 Acquisition of FRT related expe

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