Market Verticals and Megatrends

WELL CAPITALIZED FOR FUTURE GROWTH¹ External Financing Sources Debt Convertible Preferred Equity Mandatory Convertible Equity $3.7B secured term loans • $990M high yield bonds $285M available on $350M revolver $2.15B series B investment from Bain Capital ■ Coupon: 5%, 4-year payable-in-kind, cash pay option thereafter ■ Conversion price of $85.00 per share ■ $460M series A preferred equity Mandatorily convertible on July 1, 2023 ■ Converts to ~11M shares Leverage Total Debt $4.7 billion 3.2x(1) Cash $0.9 billion Net Debt $3.8 billion. 2.6x(1) PF Combined TTM Adj $1,479 million EBITDA (1) (incl. $250M synergies) Fully-Diluted Shares Outstanding2 COHR basic shares Stock comp shares Series A preferred equity (1) Reflects, as of 9/30/2022, using pro forma TTM combined adj EBITDA at 9/30/22, including $250 million of cost synergies. (2) Balances assuming conversion at 9/30 COHERENT Series B preferred Pro forma FDSO Copyright 2022, Coherent. All rights reserved. 138M 1M 11M 26M 176M 25

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