Investor Presentaiton

7 PHOTRONICS, INC. Income Statement Summary GAAP Non-GAAP1 $M (except EPS) Q423 Q/Q Y/Y Q423 Q/Q Y/Y Revenue 227.5 +1% +8% Gross Profit 84.9 -2% +6% Gross Margin 37.3% -140 bps -90 bps Operating Income 64.8 -1% +7% Operating Margin 28.5% -60 bps -30 bps Non-operating income 18.7 +19.6 +7.9 5.4 +1.8 +5.0 Income tax provision 20.3 +26% +26% 16.9 -3% +24% Minority interest 18.5 -13% +2% 16.1 -19% -1% Net income² 44.6 +65% +20% 37.2 +18% +19% Diluted EPS² 0.72 +0.28 +0.12 0.60 +0.09 +0.09 Days in quarter 93 +2 +1 ¹See reconciliation included in this presentation. 2Net income attributable to Photronics, Inc. shareholders. Margins declined due to lower premiums for expedited delivery Opex decreased as percent of sales as we effectively managed costs GAAP Non-operating income primarily consists of unrealized FX gain/loss Non-GAAP removes effect of FX gain/loss Minority interest reflects net income of IC JVs in Taiwan and China

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