Veeco Instruments Investor Presentation — November 2018

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Veeco Instruments Inc.

November 1, 2018Q3 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.

Q3 2018 Conference Call | © 2018 Veeco Instruments Inc. 2CEO Introduction

William J. Miller, Ph.D.Q3 2018 Highlights

•Bookings growth in Front -End Semiconductor

•Ending backlog of $276M•Profitability above the mid -point of guidance

•Generated positive cash flow

•Repurchased 1.8% of outstanding shares

4Transitioning MOCVD from Commodity LED to Compound Semiconductor MarketQ3

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

Q3 2018 Conference Call | © 2018 Veeco Instruments Inc.CFO Financial Review

Sam MaheshwariExpense Reduction Update

6Carefully Executing OpEx Reduction –Reducing SG&A while Preserving R&D OpEx Reductions

Q3 2018 Conference Call | © 2018 Veeco Instruments Inc.Amounts may not calculate precisely due to roundingQ3 2017 Target Q2 2019SG&A

$40MInitiative Status

($15M annually)•Complete by Q1 2019

New initiative to align cost

structure with business conditions

($20M annually)•In process

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