ACQUISITION OF COHERENT slide image

ACQUISITION OF COHERENT

RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES Reconciliation of GAAP Segment Operating Income (Loss) to Segment Non-GAAP Operating Income (Loss)* $ Millions (Unaudited) Three Months Ended Mar 31, Dec 31, Mar 31, 2023 2022 2022 Nine Months Ended Mar 31, Mar 31, 2023 2022 Networking GAAP Operating Income $ 49.5 $ 90.0 $ 54.6 $ 230.5 $ 164.5 Share-based compensation 6.9 8.9 8.8 26.0 27.8 Amortization of acquired intangibles 16.5 16.4 16.5 49.4 49.8 Integration and other 1.8 2.5 1.9 4.3 3.9 Non-GAAP Networking Operating Income $ 74.7 $ 117.8 $ 81.8 $ 310.2 $ 246.0 Reconciliation of GAAP Measures to non-GAAP Measures* $ Millions Materials GAAP Operating Income $ 67.8 S 81.5 $ 61.8 $ 224.6 165.0 (Unaudited) Three Months Ended Nine Months Ended Share-based compensation 10.7 12.8 9.2 40.7 31.7 Mar 31, 2023 Dec 31, 2022 Mar 31, 2022 Mar 31, Mar 31, Amortization of acquired intangibles 3.2 3.3 2.9 9.7 10.0 2023 2022 Integration and other) 7.3 2.8 1.7 11.1 2.9 Gross profit on GAAP basis $ Share-based compensation 6.5 420.2 $ 411.2 6.2 $ 321.7 $ 1,274.9 $ 939.5 Start-up costs(3) 14.6 25.9 Non-GAAP Materials Operating Income $ 89.0 $ 100.3 $ 90.2 $ 286.1 $ 235.5 1.3 18.0 4.2 Amortization of acquired intangibles 30.7 15.3 9.4 93.4 28.7 Preliminary fair value adjustment on acquired inventory 112.0 157.5 Lasers GAAP Operating Income (Loss) Share-based compensation $ (49.9) $ (163.3) $ $ (337.0) $ 17.5 13.2 56.5 Start-up costs(3) 1.6 2.8 Amortization of acquired intangibles 73.0 85.7 221.5 Integration and other(1) 5.8 1.2 1.7 7.4 2.9 Integration and other y 12.8 12.0 47.8 Gross profit on non-GAAP basis $ 463.2 $ 545.9 $ 335.7 $ 1,551.2 $ 978.1 Transaction fees and financing(a) 38.7 Preliminary fair value adjustment on acquired inventory Non-GAAP Lasers Operating Income 112.0 157.5 $ 53.4 $ 59.7 $ $ 185.0 $ Operating income on GAAP basis $ 67.4 $ 8.2 $ 106.8 Share-based compensation 35.1 34.9 18.2 $ 118.1 $ 123.2 300.0 59.6 Amortization of acquired intangibles 92.7 105.4 19.4 280.6 59.8 Unallocated and Other GAAP Operating Income (Loss) Transaction fees and financing(2) $ S $ (9.6) $ $ (29.5) 9.6 29.5 Preliminary fair value adjustment on acquired inventory 112.0 157.5 Non-GAAP Unallocated and Other GAAP Operating Income (Loss) $ $ $ S $ Start-up costs(3) 14.6 25.9 Transaction fees and financing(2) 9.6 38.7 29.5 Total GAAP Operating Income $ 67.4 $ 8.2 $ 106.8 $ 118.1 $ 300.0 Integration and other(1) 21.9 17.2 3.6 63.2 6.9 Operating income on non-GAAP basis $ 217.1 $ 277.8 $ 172.0 $ 781.3 $ 481.6 Non-GAAP Operating Income $ 217.1 $ 277.8 $ 172.0 $ 781.3 $ 481.6 COHERENT Copyright 2023, Coherent. All rights reserved. 39
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