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Investor Presentaiton

6 PHOTRONICS, INC. Strategic Investment Strategy Sustains Profitable Growth STRATEGIC APPROACH TO CAPITAL INVESTMENTS Organic growth through high-return targeted capacity expansion Enter LTPAs to mitigate investment risk and quickly ramp revenues GROW REVENUE IN EXCESS OF MARKET Win market share in growing IC and FPD markets Leverage global footprint to benefit from IC regionalization trends Capitalize on FPD technology leadership to continue improving mix Enter long-term purchase agreements and obtain process of record MARGIN EXPANSION IMPROVES PROFITS Improved pricing environment in high-end and mainstream IC Dynamically align asset tool set to match end-market demand Increasing benefit from operating leverage WINNING THROUGH COMPETITIVE ADVANTAGES Operational Excellence Commercial Excellence Technology Leader Global Footprint Proven Approach to Profitably Grow Revenue, Capture Market Share, and Improve ROIC
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