FY24 Q2 Financial Outlook

STRATEGIC BENEFITS OF THE SILICON CARBIDE INVESTMENT TRANSACTION Silicon Carbide Business ■ $1.0 billion capital to fund and accelerate growth plans Coherent COHERENT ■ ■ ■ ◉ Long-term supply agreements with market-leading partners to support expansion of wafer shipments Deepen strategic partnership with Denso and Mitsubishi Electric with leadership in end markets Values Coherent interest in Silicon Carbide business at $3.0 billion Recognizes value of unique material technologies and investments to date Represents ~10x FY2024E revenue New investment to fund capital and operations of Silicon Carbide business Provides greater financial and operating flexibility for Coherent by freeing up capital Coherent had planned for Silicon Carbide business Retains 75% ownership in the Business with continued operating and governance controls Expanded growth prospects of pro forma entity Copyright 2023, Coherent. All rights reserved. 24

View entire presentation