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Investor Presentaiton

II-VI Historical GAAP EPS and Adjusted EPS Equivalent To calculate EPS comparable to some peers, below are the values of typical adjustments used by other companies II-VI Consolidated Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Summary of Typical Industry Non-GAAP Adjustments FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 FY19 FY19 Amortization Share Based Comp - COGS Share Based Comp - SGA M&A Related Expenses Tax Impact of the "Tax Cuts and Jobs Act" and Company Actions 3.2 3.2 3.1 3.2 3.6 3.8 3.6 3.6 3.7 4.1 0.7 0.6 0.7 0.5 1.0 0.8 0.4 0.6 1.0 0.5 3.4 3.3 3.8 3.0 5.3 4.5 3.2 3.8 4.3 4.5 0.3 2.0 1.9 8.6 7.3 7.1 7.6 7.0 11.9 9.1 7.2 8.0 10.9 17.7 (8.4) (0.1) (0.2) (0;1) 15.8 (6.5) (1.3) PAT 7.3 7.1 7.6 (1.4) 11.9 24.9 0.6 6.5 10.9 17,7 Outstand Shares 63.6 64.4 65.0 65.0 65.3 65.0 65.1 65.1 66.2 65.7 EPS Impact of Typical Industry Non-GAAP Adj. 0.11 0.11 0.12 (0.02) 0.18 0.38 0.01 0.10 0.16 0.27 IIVI Page 49
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