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Investor Presentaiton

Midpoint Scenario to Mirror N/A Assume 106M Shares Summary: Hypothetical Illustration of EPS Calculation The following calculations are based on hypothetical amounts of GAAP net income and should not be construed as an estimate or expectation of the Company's actual financial results for any period indicated Refer to the following slide for sample calculations: Net Earnings From Income Statement (in millions) Below 17 Scenario Hypothetical Earnings Level for Q1 FY22 Using Mid Point of Income Ranges A B C D Non-GAAP Net earnings $ 23.0 $67.0 $ 125.0 $147.0 Deduct Series A Dividends (6.9) (6.9) 17-29 23 Deduct Series B Dividends Scenario A (10.1) (10.1) (10.1) - Add Back Interest on Convertible Debt 0.8 0.8 0.8 29-107 67 Scenario B 107-145 125 Scenario C Net Earnings Available to Common Shareholders 6.0 50.8 115.7 147.8 144 and above 147 Scenario D Diluted Weighted Average Common Shares Diluted Non-GAAP EPS 111.0 118.3 127.2 136.1 $ 0.05 $ 0.43 $ 0.91 $ 1.09 Hypothetical Earnings Level for Q1 FY22, Using the Guidance Range Scenario 0.75 0.83 0.90 Non-GAAP Net earnings $ 105.0 $ 115.0 $ 124.0 Deduct Series A Dividends (6.9) Deduct Series B Dividends (10.1) (10.1) (10.1) Add Back Interest on Convertible Debt 0.8 0.8 0.8 NG Net Earnings Available to Common Shareholders 88.8 105.7 114.7 Diluted Weighted Average Common Shares Diluted Non-GAAP EPS 118.3 127.2 127.2 $ 0.75 $ 0.83 $ 0.90 IIVI Copyright 2021, II-VI Incorporated. All rights reserved. Page 35
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