Barbara Lauche

Customer Support Manager

Jeffrey Hubers van Assenraad

Global Account Manager

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA

Photronics, Inc.

15th May 2014

►About Photronics

►The History of Semiconductor Manufacturing

►Photronics Global Precision Photomask Manufacturing

►Superior Array of Equipment with expanding European capacity

►Strong Financial Foundation

►Summary

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 1

INDEX

About Photronics

Established in Connecticut in 1969 (starting in a garage), the Company became a publicly-held corporation in 1987 and today operates nine manufacturing facilities around the globe.

Photronics became the global leader in the design, development and production of precision reticles and photomasks for Semiconductor & Microelectronic applications and Flat Panel Displays.

In June 2014 we will celebrate our 45th Anniversary.

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 2

Company Strategy Timeline of Photronics History 1969-2013

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 3

Company Strategy The History of

Semiconductor Manufacturing

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 4

Rank

1 TI 0.41 NEC 4.8 Intel 48.3

2 Motorola 0.32 Toshiba 4.8 Samsung 34.4

3 Fairchild 0.17 Hitachi 3.9 TSMC (3)

19.9

4 RCA 0.08 Intel 3.7 Qualcomm (2)

17.2

5 National 0.08 Motorola 3.0 Micron 14.4

6 GE 0.06 Fujitsu 2.8 SK Hynix 13.0

7 Signetics 0.05 Mitsubishi 2.6 Toshiba 12.0

8 General Instruments 0.04 TI 2.5 TI 11.5

9 American Micro-Systems 0.03 Philips 1.9 Broadcom 8.2

10 Rockwell 0.03 Matsushita 1.8 ST 8.0

(1) US Leaders (2) Fabless

(3) Foundry

Sources: IC Insights, Photronics review of published reports

Worldwide Semiconductor Leaders $B

1972(1)

1990

Japan Korea, Taiwan

Company Strategy The History of

Semiconductor Manufacturing

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 5

Company Strategy The History of

Semiconductor Manufacturing

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 6

2013 2014 2015 2013-15 %WW

N. America 18 21 21 60 32%

Korea 15 16 19 50 27%

Taiwan 11 12 13 37 20%

Others 7 7 8 22 12%

Japan 3 4 4 12 6%

Europe 1 1 1 4 2%

China 1 1 0 2 1%Source: UBS 2014

Estimated Capital Spending ($B)

Company Strategy Semiconductor Photomask Market:

Forecast $3.3 Billion in 2015

Source: SEMI Photomask Characterization Summary Report – March 2014

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 7

2013 Regional Photomask Market 2012 Regional Photomask Market

Global Precision Photomask Manufacturing

with the broadest array of equipment capacity,

the highest quality processes and proactive customer service

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 8

Company Strategy

►FPD Photomasks (flat panel display)

Photomasks used in the fabrication of

flat screen televisions, computer

monitors and other flat panel displays.

►Integrated Circuit (IC) Photomasks

Photomask or reticle technology is used

in the fabrication of semiconductors

The photomask segment is the second

largest in the Semiconductor Wafer Fab

Materials Market

Photronics’ Products

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 9

Company Strategy Advanced Logic Dense Line Layout Styles

Continued logic-memory design style convergence Pattern density requires world class defect control Plays to a key strength of Photronics HE technology

Source: Intel, 8th Int. SoC Conference, 2010

10 Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 10

► Focus on strengthening position as the most cost-

efficient mainstream merchant in the market

► Leverage strategic relationships

► Target high-end capital expenditures (IC and FPD)

► Resulting in:

Strong Market Share:

• Memory

• HE flat panel display

• Foundry logic

Company Strategy Company Strategy

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 11

Aligned with Strong, Global, High-End Customers

Serving More Than 600 Customers Worldwide

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 12

Superior Array of Equipment

with expanding European capacity

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 13

►Strategically located high-end technology

20 nm and below – Boise, ID

28 nm – South Korea

28 nm – Taiwan

►Mainstream manufacturing presence

● Dresden ● Bridgend

● Brookfield ● Allen

►Customer Service – Datacenters

● Milpitas, CA ● Manchester

● Austin, TX ● Singapore

IC & FPD

High End Production

Milpitas, CA

Manchester

Photronics Global

Manufacturing Network

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 14

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 15

Photronics Maskenzentrum

Dresden GmbH

• The Dresden site was founded in 1993

• MZD was acquired by Photronics in 1997

• Chairman and CEO Hermann Wolf

• Co-Chairman Andre Arlautzki

• Dresden site is located in the heart of Europe

• Foundation member of Silicon Saxony

• Certifications:

ISO9001, ISO14001, OHSAS18001 and ISO 50001

• Photomasks from 4inch to 9inch

• Features up to 100nm on mask

• Masks are used for microelectronics

micromechanics and micro optics

• Several customers from Russian

market using reliable partners like

“ELCOM” and LLC”Berkut”. LLC”Berkut”

Capacity recently added at both European manufacturing facilities:

Dresden ■ Alta 3900 – adds both capacity and capability

■ Additional KLA 365UV inspection tool also added

Bridgend

■ Alta 3000 – second identical tool adds capacity

■ Additional Process, Etch and Inspection tools

• Effectively giving this site an additional line

■ QC Optics Inspection tool added Sept13

■ Starlight capability added to KLA362 – dual capability

Photronics continues to add equipment to ensure we are

positioned to support customer growing requirements

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 16

Mature - European Capacity Increased

► Advanced R&D – Multi beam for next generation technology nodes

► FPD and Packaging masks – e.g. TFT layer as opposed to color filters

► Micro lenses, gray scale, custom filters, Photonics

e.g. for medical devices, drug discovery, energy conversion, etc.

► Data management – moving sensitive design data securely, IP protection

► Scaling – Run a diversified technology portfolio but also

know how to make and support good business models

and leverage small investments for big benefit to

you and the end users.

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 17

High-End and R&D

Strong Financial Foundation = Equipment and service

customers can rely on in the future

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 18

►Closed April 4, 2014

►Well–received by customers

Revenues • Majority of DPTT revenues High-end • 2012 Revenues >$80 million each

Synergies • $5 - $7M Annual cash savings • Upside revenue opportunities – more efficient utilization and

High-end opportunities

Bottom Line • Projected to be accretive in FY 2015, if not sooner • Positive impact to EBITDA

Balance Sheet • Expected to provide more efficient capex allocations • Well capitalized - self sustaining proposition

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 19

Update: Taiwan Joint Venture - PDMC

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 20

Solid Financial Performance ($ millions)

(1) Calendar year

end

(

1

)

(1) Calendar year

end

(

1

)

►Expect top- and bottom-line improvement in 2014

►Excellent growth prospects in 2014 Continued opportunities in customers’ businesses and node migration plans Joint Venture poised for growth (both high-end and mainstream IC)

►Increased high-end capacity in Boise, Korea and Taiwan aligned to customers’ plans and growth prospects

►Strong merchant presence available to serve Russia customers

►Capacity and capability to provide high quality and high volume photomasks and services

►Strong financial foundation to provide long term solution and relationship opportunities for Russia market

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 21

Summary

Holding Ourselves To A Higher Standard

Photronics, Inc. CONFIDENTIAL SEMICON 2014 RUSSIA 22

Your Merchant Source For Trusted Photomasks

Photronics, Inc.

Like to know more? Visit our Seminar tomorrow morning.

Thank you