Power Electronics for Green Energy

Strong Deleveraging Profile ■II-VI and Finisar have combined EBITDA generation today of $570mm¹² including estimated $150mm run-rate synergies Combined company has a strong deleveraging profile, with significant deleveraging expected from 4.1x at announcement to under 2.5x in two years post close II-VI expected to maintain ongoing ability to maximize strategic opportunities 4.1x <2.5x At Announcement 2 Years 2 Leverage (Total Debt / LTM EBITDA) 1. Represents LTM 09/30/2018 for II-VI and LTM 07/29/2018 for Finisar. 2. EBITDA excludes amortization of intangibles, the impact of SFAS 123(R) stock-based compensation expense and one-time charges. Includes $150mm run-rate synergies. IIVI Page 19

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