Investor Presentaiton

8 PHOTRONICS, INC. IC Product Line SM Q423 Q/Q Y/Y High-End* 57.7 27% 30% Mainstream 106.8 (9%) (5%) Total 164.5 1% 5% *28nm and smaller Totals may differ due to rounding Q423 Revenue by Technology ■High-End* 35% ■Mainstream 65% High-end increased as stronger design activity drove demand across regions Mainstream softness Q/Q offset by better high-end demand Outlook • • • New designs by customers to gain market share and support technology roadmap Regionalization driving investments for global chip capacity Able to maintain pricing in favorable supply/demand dynamic

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