Veeco Instruments Investor Presentation — August 2018

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Veeco Instruments, Inc .

August 2, 2018 Q2 2018

Conference Call Safe Harbor

To the extent that this presentation discusses expectations or otherwise makes

statements about the future, such statements are forward -looking and are subject to

a number of risks and uncertainties that could cause actual results to differ materially

from the statements made.

These items include the risk factors discussed in the Business Description and

Management's Discussion and Analysis sections of Veeco's Annual Report on

Form 10 -K for the year ended December 31, 2017 and subsequent Quarterly Reports

on Form 10 -Q and current reports on Form 8 -K. Veeco does not undertake any obligation

to update any forward -looking statements to reflect future events or circumstances

after the date of such statements.

Q2 2018 Conference Call | © 2018 Veeco Instruments Inc. 2 CEO Introduction

John Peeler Q2 2018 Highlights

•All Non -GAAP P&L metrics either met or

•Bookings declined due to LED market

•Recorded intangible asset impairment

charge of $252M •Initiated cost reduction by eliminating

redundant Singapore manufacturing

•Announced wins in growth markets –

Photonics, Display, Advanced Packaging

for Memory, Power Electronics

4 Solid P&L Performance in Q2 Q2

Operating Income 15¢

A reconciliation of GAAP to Non -GAAP financial measures can be found in the backup section of this presentation.

Q2 2018 Conference Call | © 2018 Veeco Instruments Inc. CFO Financial Review

Sam Maheshwari Intangible Asset Impairment

•Ultratech product lines have performed below prior

•Current projections triggered an impairment of

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