Capital Deployment and M&A Highlights slide image

Capital Deployment and M&A Highlights

Investment Highlights Combining Revenue Outperformance and Increasing Profitability to Drive Earnings Leverage and Free Cash Flow Revenue growth outperforming the industry... 6-year revenue CAGR of 25% through 2021, outpacing industry, peers and customers... 7-year CAGR through 2022 expected to be 24%+ vs. annual WFE growth of 17% (¹)... Multiple drivers for continued revenue outperformance... Leveraged to largest growth segments within WFE... expanding product offerings and customer base; continued market share gains Expanding capabilities and SAM... Investments in R&D focused on driving increased IP content in proprietary products... strategic acquisitions add complementary products, expand regional presence, and contribute accretive margins to the operating model ■ Delivering strong earnings leverage... Increasing profitability through gross margin improvement and close control of opex to drive leverage to bottom line... Net income grew at over 2x the rate of YoY revenue growth in 2020, and over 3x in 2021(2) (I) CAGR calculated on 2015-2022 period; see slide 6 for data. (2) Non-GAAP net income excludes amortization of intangible assets, share-based compensation, non-recurring expenses and discrete tax items. ichor Proprietary 4
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