Veeco Instruments Investor Presentation — November 2019

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Veeco Instruments Inc.

November 4, 2019Q3 2019

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, 2018 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 2019 Conference Call | © 2019 Veeco Instruments Inc. 23CEO Overview

William J. Miller, Ph.D.

Q3 2019 Conference Call | © 2019 Veeco Instruments Inc.Q3 2019 Highlights

4▪Top and bottom line exceeded midpoint of

guided range –achieved non -GAAP

▪Strong revenue in the Front -End Semi and

Data Storage marketsQ3

A reconciliation of GAAP to Non -GAAP financial measures can be found in the backup section of this presentation.▪Non-GAAP gross margin at 40.3%

▪Grew backlog to $279M

Continuing to Focus on Growing Top -Line and Improving Profitability

Q3 2019 Conference Call | © 2019 Veeco Instruments Inc.5

Phase 1: Returning to Profitability

▪Shift MOCVD market focus from commodity LED to higher value photonics

▪Execute general infrastructure reductions

▪Rationalize product line investments

Phase 1: well underway

Phase 2: early stagesTransformation Update

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