II-VI Incorporated (IIVI) Q2 2022 Earnings Conference Call February 9, 2022 9:00 AM ET Company Participants Mary Jane Raymond – Chief Financial Officer Chuck Mattera – Chair and Chief Executive Officer Giovanni Barbarossa – Chief Strategy Officer and President, Compound Semiconductors Conference Call Participants Ananda Baruah – Loop Capital Meta Marshall – Morgan Stanley Paul Silverstein – Cowen Mark Miller – The Benchmark Company Tom O'Malley – Barclays Simon Leopold – Raymond James Samik Chatterjee – JPM ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________________ FORM 10-Q ________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission File ...

Financial Data and Key Metrics Changes - The company's backlog increased from $1.25 billion to $1.4 billion sequentially [6] - Revenue for Q1 was $795 million, representing a 9% growth compared to Q1 FY'21 [6][27] - Gross margin for the quarter was 40%, showing improvement year-over-year and sequentially [7][27] - Non-GAAP EPS was $0.87, at the high end of the EPS guidance range [10][30] Business Line Data and Key Metrics Changes - Communications revenue grew 4% year-over-year, with significant contributions from Datacom [19] - Revenue from Datacom transceivers, particularly 200G, 400G, and 800G products, now represents 25% of transceiver revenue, up from 2% a year ago [19] - Industrial market revenue grew 53% year-over-year, while consumer electronics revenue increased 7% year-over-year and over 30% sequentially [22][23] - Revenue from semiconductor capital equipment grew 18% year-over-year [25] Market Data and Key Metrics Changes - Geographic revenue distribution: 50% North America, 21% China, 20% Europe, 6% Japan, and 3% rest of the world [27] - End market revenue distribution: 67% communications, 13% industrial, 7% consumer, 6% aerospace and defense, and 7% other [27] Company Strategy and Development Direction - The company is focusing on expanding investments in analog and digital ICs to enhance supply chain resilience and maintain market leadership [7][11] - Strategic investments in compound semiconductor platforms, particularly silicon carbide and indium phosphide, are being accelerated [11][14] - The company aims to build a significant position in a projected $30 billion addressable market by 2030 [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for Q2, expecting continued market momentum and strong interest from customers [10][11] - Supply chain challenges were acknowledged, but management is actively working with suppliers to mitigate impacts [42][44] - The company is not sensing over-ordering from customers, indicating strong demand trends [45][46] Other Important Information - The company incurred $4 million in COVID-related expenses and $2 million in costs to secure parts for customers during the quarter [28] - Capital expenditures for FY'22 are expected to be between $325 million and $375 million [33] Q&A Session Summary Question: Context on ASP increase and long-term commitments - Management indicated that they are positioning for long-term commitments and larger orders to balance increasing costs [40] Question: Quantification of supply chain impact on revenue - Management acknowledged supply chain issues but did not quantify the exact revenue impact, indicating ongoing efforts to close the gap [42][44] Question: Investments in silicon carbide and indium phosphide - Management stated that investments will not materialize sooner than two quarters, with effects expected around mid-FY 2023 [53] Question: Outlook for industrial segment demand - Management reported strong demand for pump lasers, particularly from China, and expects to gain market share [56] Question: Supply situation for Datacom - Management expressed confidence in their capacity to meet demand, leveraging a diverse supply chain [88] Question: Importance of DSP at higher speeds - Management indicated a mixed approach of making or buying DSPs based on application needs [92]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________________ FORM 10-Q ________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission File ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended June 30, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission File Number: 001-39375 II-VI INCORPORATED (Exact name of registrant as specified in its charter) Pennsylvania 25-1214948 (State or other jurisdiction of incorporatio ...

| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | | | | | | | Investor Presentation | | | | | | | | | August 2021 | | | | | 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 Litigation Reform Act of 1995 and relate to the Company's performance on ...

Financial Data and Key Metrics Changes - For fiscal year 2021, the company achieved $3 billion in revenue, marking a growth of over 30% compared to fiscal year 2020 [13][14] - Non-GAAP gross margin was 38.6% and non-GAAP operating margin was 18.4%, both significantly higher than margins prior to the acquisition of Finisar [47] - Quarterly GAAP EPS was $0.59 and non-GAAP EPS was $0.88, with a diluted share count of 116 million for GAAP and 125 million for non-GAAP results [52][53] Business Line Data and Key Metrics Changes - The 3D Sensing segment saw the highest annual growth, more than doubling to just under 10% of sales [19] - Industrial laser optics businesses achieved record quarterly revenue, growing by 50% in Q4 over the prior year, accounting for 11% of consolidated revenue [24] - The semiconductor capital equipment business grew 12% sequentially in Q4, driven by strong demand [28] Market Data and Key Metrics Changes - Q4 revenue distribution was 67% in Communications, 13% in Industrial (including automotive), 7% in Aerospace and Defense, and 5% in Consumer for semiconductor capital equipment [46] - Geographic revenue distribution for Q4 was 48% in North America, 23% in China, 20% in Europe, 6% in Japan, and 3% in the rest of the world [45] Company Strategy and Development Direction - The company plans to invest approximately $200 million in R&D and capital in fiscal year 2022 to scale manufacturing of silicon carbide substrates and devices [16] - Aiming to establish a leadership position in the silicon carbide market, the company anticipates investing around $1 billion over the next decade [17] - The integration with Coherent is a strategic focus, with planning already underway to leverage synergies and enhance market position [42][44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing super cycle in demand for higher-speed transceivers, particularly in North America [73] - Despite challenges from supply chain constraints, the company has successfully navigated potential revenue impacts estimated at $40 million [37][79] - The outlook for Q1 fiscal year 2022 anticipates revenue between $780 million and $830 million, with EPS guidance of $0.75 to $0.90 [59] Other Important Information - The company incurred $4 million in COVID-related expenses in Q4, impacting gross and operating margins [47] - Cash flow from operations in Q4 was $127 million, with free cash flow of $83 million, and a net cash position of $175 million [54][55] - The effective tax rate for the quarter was 12%, with expectations of 19% to 21% for fiscal year 2022 [57][58] Q&A Session Summary Question: Insights on the Chinese market - Management noted strong demand in China, particularly in the industrial sector, with no observed slowdown despite uncertainties [68][69] Question: Core business momentum and end market drivers - Management confirmed a super cycle in upgrades, particularly in North America, with strong demand for laser components and power electronics [73][74] Question: Component constraints and revenue impact - Management indicated that the same level of component constraints is expected in Q1 as in Q4, but they are optimistic about overcoming these challenges [79][80] Question: Fiscal Q1 guidance and margin expectations - Management explained that the revenue guidance reflects historical seasonality, with expectations for a decent Q1 despite typical downticks in some sectors [119] Question: Growth in the 3D sensing market - Management highlighted a combination of share gains, new design wins, and product expansion as key drivers for growth in the 3D sensing market [124]

MATERIALS THAT MATTER Advanced Markets & Technologies Enabling a mobile, intelligent, and electric future May 20, 2021 Investor Event Copyright 2021, II-VI Incorporated. All rights reserved 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 Litigation Reform Act of 1995 a ...

II-VI Incorporated (IIVI) Q3 2021 Earnings Conference Call May 6, 2021 9:00 AM ET Company Participants Chuck Mattera - Chief Executive Officer Mary Raymond - Chief Financial Officer Giovanni Barbarossa - Chief Strategy Officer and the President of the Compound Semiconductor Segment Conference Call Participants Jed Dorsheimer - Canaccord Genuity Paul Silverstein - Cowen and Company Ananda Baruah - Loop Capital Markets Harsh Kumar - Piper Sandler John Marchetti - Stifel Financial Corp Simon Leopold - Raymond ...

Company Overview - II-VI's FY20 revenue was $2.6 billion[7] - The company had $493 million in cash and equivalents as of June 30, 2020[7] - FY20 free cash flow was $160 million[7] Financial Performance & Growth - Q3 FY21 revenue reached $783 million, a 25% increase compared to Q3 FY20's $627 million[15] - The company experienced rapid revenue growth, with a CAGR of 19% over 10 years[11] - Q3 FY21 non-GAAP gross margins were 39%, an increase of 800 bps from PF Q1 FY20's 31%[19] - Total estimated synergies of $150 million from the Finisar acquisition are now projected in 24 months instead of 36 months[46] Market & Strategy - II-VI operates in diverse markets, including optical communications ($22 billion CY25 market with 14% CAGR), 3D sensing & LiDAR ($7.5 billion CY25 market with 24% CAGR), and aerospace & defense ($14 billion CY25 market with 13% CAGR)[21] - The company is ramping silicon carbide substrate capacity by 5-10x over the next 5 years[23] Acquisition of Coherent - Coherent stockholders will receive $220.00 per share in cash and 0.91 of a II-VI common share for each Coherent share[50] - $250 million of run-rate cost synergies are expected within 36 months of the Coherent transaction close[50] - Fully committed debt financing from JP Morgan of approximately $5.1 billion[50]