FY24 FULL YEAR OUTLOOK

WELL CAPITALIZED FOR FUTURE GROWTH (1) External Financing Sources Debt $3.3B secured term loans ■ $990M high yield bonds ■ $345M revolver availability Convertible Preferred Equity $2.4B series B investment from Bain Capital ■ Coupon: 5%, 4-year payable-in-kind, cash pay option thereafter ■ Conversion price of $85.00 per share Leverage Total Debt $4.29 billion 3.2x(1) Cash (3) $0.86 billion Net Debt $3.44 billion 2.5x(1) PF Combined TTM Adj $1,360 million EBITDA (1) (incl. $108M synergies +$268M additional cost savings) Fully-Diluted Shares Outstanding (2) COHR basic shares Stock comp shares Series B preferred (1) Reflects, as of 12/31/2023, using pro forma TTM combined adj EBITDA at 12/31/23, including $376 million of future expected cost savings within 36 months. Not calculated in accordance with Article 11 of SEC regulation S-X. (2) Balances assuming all securities are dilutive as of 12/31/23. Not calculated in accordance with Article 11 of SEC regulation S-X. (3) Unrestricted cash on the balance sheet as of 12/31/2023 Pro forma FDSO COHERENT Copyright 2024, Coherent. All rights reserved. 152M 1M 28M 181M 37 32

View entire presentation