Investor Presentaiton

Finisar Transaction Financing Transaction Financing $2.0 billion new funded debt, fully committed financing $450 million unfunded revolver at close Pro-forma Capitalization Statistics Gross Debt Cash Net Debt ($ in billion) $2.4 x LTM EBITDA (w/ synergies)¹ 4.0x $0.3 $2.1 0.5x 3.5x Deleveraging and Capital Allocation 1. 2. Combined company has a strong deleveraging profile Rapid deleveraging expected, from 3.5x net total leverage at close 2 to under 1.0x net total leverage by FYE 2022 Ongoing ability to maximize strategic opportunities Represents statistics at 06/30/2019 close. Includes $150mm run-rate synergies. EBITDA excludes amortization of intangibles, the impact of SFAS 123(R) stock-based compensation expense and one-time charges. Assumes cash balance of $288 million, total debt of $2,351 million and PF Adj. EBITDA of $588 million given 6/30/19 close. II-VI Page 39

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