Financial Metrics and Projections
ATTRACTIVE OPERATING MARGINS
Strong Execution and Synergy Realization Post Coherent Transaction Close Driving Margins
Non-GAAP Gross and Operating Margins (1)
(1)
(2)
40.3%
39.8%
38.5%
37.3%
Non-GAAP Gross Margin
21.3%
20.3%
17.2%
17.5%
Non-GAAP Operating Margin
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Proforma(2)
All non-GAAP amounts exclude certain adjustments for share-based compensation, acquired intangible amortization expense, certain one-time transaction expenses, debt extinguishment expense, fair value
measurement period adjustments and restructuring and related items. See Appendix for reconciliation to most comparable GAAP measures.
II-VI Incorporated and Coherent, Inc. figures are for the three months ended June 30, 2022
COHERENT
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