| --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | INVESTOR | | | | | | PRESENTATION | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | © 2022 IPG Photonics | | | | | Safe Harbor Statement Statements in this presentation that relate to future plans, market forecasts, events or performance are forward-looking statements. These statements involve risks and uncertai ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ 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: 001-33155 IPG PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdict ...

IPG Photonics Corporation (NASDAQ:IPGP) Q4 2021 Earnings Conference Call February 15, 2022 10:00 AM ET Company Participants Eugene Fedotoff – Director of Investor Relations Eugene Scherbakov – Chief Executive Officer Tim Mammen – Senior Vice President and Chief Financial Officer Conference Call Participants Jim Ricchiuti – Needham & Company Patrick Ho – Stifel Nick Todorov – Longbow Research Michael Feniger – Bank of America Tom Diffely – D.A. Davidson Paretosh Misra – Berenberg Jamie Wang – Citigroup Mark ...

| --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | INVESTOR | | | | | | PRESENTATION | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | © 2021 IPG Photonics | | | | | Safe Harbor Statement Statements in this presentation that relate to future plans, market forecasts, events or performance are forward-looking statements. These statements involve risks and uncertainties, including, risks ...

| --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------|-------|-------| | | | | | | | | | | | Third Quarter 2021 | Earnings Call Presentation | | | | | | | | | November 2, 2021 10:00 am ET | | | | | | | | | | • By phone: 877-407-6184 in the US or 201-389-0877 internationall ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ 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 001-33155 IPG PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-34442 ...

Financial Data and Key Metrics Changes - Revenue in Q3 was $379 million, an increase of 19% year-over-year and 2% sequentially [13] - GAAP gross margin was 49%, up 100 basis points year-over-year, driven by lower inventory provisions and reduced unabsorbed manufacturing expenses [13][14] - Net income was $75 million or $1.40 per diluted share, with an effective tax rate of 26% [13] Business Line Data and Key Metrics Changes - Sales of high-power CW lasers decreased 4% year-over-year, representing approximately 47% of total revenue [14] - Medium power laser sales increased 109%, driven by growth in cutting, welding, 3D printing, and semiconductor applications [14] - Pulse laser sales increased 69% year-over-year, with strong growth in foil cutting applications for EV battery manufacturing [14] - System sales increased 56% year-over-year, benefiting from improved revenues for Genesis and ILT [14] Market Data and Key Metrics Changes - Revenue in North America increased 55% year-over-year, driven by materials processing and growth in welding applications [15] - Revenue in Europe increased 50% year-over-year, supported by demand in cutting and welding applications [15] - Revenue in China decreased 7% year-over-year, primarily due to soft sales of high-power lasers and cutting applications [15] - Sales in Japan were up 11%, and revenue in the rest of Asia increased 15% year-over-year [15] Company Strategy and Development Direction - The company is focusing on innovation and investing in manufacturing and R&D capabilities to enhance product quality [5] - IPG is diversifying away from the highly competitive and cyclical market in China, with successful execution of this strategy reflected in quarterly results [6][7] - The company is exploring new markets and applications, particularly in electric vehicles and renewable energy [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about increased demand in North America and Europe, particularly in EV battery production and automation [8][18] - The company anticipates stable demand in North America and Europe, with growth opportunities in welding and high-power cutting [18] - However, sales in China are expected to decline sequentially in Q4 due to softer demand and supply chain issues [18] Other Important Information - The company ended the quarter with cash equivalents and short-term investments of $1.5 billion and total debt of $35 million [16] - The board appointed John Peeler as non-executive Chair, providing stability during a transition period [12] Q&A Session Summary Question: Performance in China excluding cutting business - Management noted that excluding cutting, the rest of the business in China was robust, particularly in EV battery applications and additive manufacturing [22][23] Question: Impact of LightWELD distribution channels - Management indicated that benefits from expanded distribution channels for LightWELD would likely be seen in early 2022, with ongoing customer training [25][26] Question: Drivers of gross margin stability - Management attributed stable gross margins to disciplined pricing strategy, geographic mix benefits, and strong sales in medical and semiconductor applications [31][32] Question: 2022 outlook - Management refrained from providing specific guidance for 2022 but expressed optimism about growth drivers in EV manufacturing and new product introductions [34][36] Question: Update on ownership and strategic direction following founder's passing - Management confirmed no material changes to ownership structure or strategic direction, emphasizing continuity in strategy developed over many years [41][44] Question: Supply chain impacts - Management reported effective management of supply chain issues, with no significant delays in shipments, although some softness in end-markets was noted [64][65]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ 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 001-33155 IPG PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-3444218 (S ...

IPG Photonics Corporation (NASDAQ:IPGP) Q2 2021 Earnings Conference Call August 3, 2021 10:00 AM ET Company Participants Eugene Fedotoff - Director of Investor Relations Valentin Gapontsev - Executive Chairman Eugene Scherbakov - Chief Executive Officer Tim Mammen - Senior Vice President & Chief Financial Officer Conference Call Participants Jim Ricchiuti - Needham & Company Nik Todorov - Longbow Research Tom Diffely - D.A. Davidson Paretosh Misra - Berenberg Joe Wittine - Edgewater Research Michael Feniger ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ 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 001-33155 IPG PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-3444218 ( ...