FY24 FULL YEAR OUTLOOK

STRATEGIC BENEFITS OF THE SILICON CARBIDE INVESTMENT TRANSACTION Silicon Carbide Business Coherent COHERENT $1.0 billion capital to fund and accelerate growth plans ■ ◉ ■ ◉ Long-term supply agreements with market-leading partners to support expansion of wafer shipments Deepen strategic partnership with Mitsubishi Electric and DENSO with leadership in end markets Values Coherent interest in silicon carbide business at $3.0 billion Recognizes value of unique material technologies and investments to date Represents ~10x FY2024E revenue New investment to fund capital and operations of silicon carbide business Provides greater financial and operating flexibility for Coherent by freeing up capital Coherent had planned for silicon carbide business Retains 75% ownership in the Business with continued operating and governance controls Expanded growth prospects of silicon carbide business Copyright 2024, Coherent. All rights reserved. 18

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