Investor Presentaiton

3 PHOTRONICS, INC. 2023 Summary $892.1M Revenue $125.5M Net Income¹ $2.03 EPS1 $2.04 Adjusted² EPS1 $302.2M OCF $499.3M Cash +8% Y/Y +6% Y/Y +5% Y/Y +23% Y/Y +10% Y/Y +56% Y/Y 6th consecutive year of record revenue Photomask industry flat in 2023 amidst general slowdown in semiconductor and display sector Margins improved on operating leverage, favorable pricing, and cost control As largest merchant photomask provider with expansive geographic footprint, Photronics uniquely positioned to benefit from expected long-term growth in photomask demand Capital allocation strategy and prudent balance sheet management support growth initiatives while increasing ROIC and resilience Committed to driving long-term, profitable growth through strategic investments ¹Net income attributable to Photronics, Inc. shareholders. 2Adjusted EPS is a non-GAAP measure. See reconciliation included in this presentation.

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