Power Electronics for Green Energy

Proven Integration Playbook Focused on Operational Improvements and Investing for Growth Oclaro Semiconductor Laser Business Case Study Transaction Overview II-VI Laser Enterprise Revenue and Operating Margin Target had a high unit Then (@Acquisition) Now cost structure OCLARO Semiconductor Laser business ■ With vertical integration and wide applicability in optical and industrial markets, II-VI drove margin expansion over subsequent years (45%) FY14 60% Operational Excellence FY19 1. Oclaro's semiconductor laser business was acquired in FY2014. II-VI Revenue Op. Margin Page 7

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