Founded: Headquarters: Corning, New York. Employees: ~46,000 worldwide Core Sales: $10.3 billion (at rate of 107 /$)

Transcription

1 Corning Overview

2 Founded: 1851 Headquarters: Corning, New York Employees: ~46,000 worldwide Corning Incorporated is one of the world s leading innovators in materials science For more than 165 years, Corning has applied its unparalleled expertise in glass science, ceramics, and optical physics to develop products and processes that have transformed industries and enhanced people s lives 2017 Core Sales: $103 billion (at rate of 107 /$) Fortune 500 Ranking (2017): Corning Incorporated

3 A Track Record of Innovation 1877 Signal Lenses 1879 Glass Bulb for Edison s Electric Light 1912 Railroad Lanterns 1915 Heat-Resistant PYREX Glass 1932 High-Purity Fused Silica 1934 Silicones 1935 Hale Telescope Mirror 1947 Television Picture Tube Processes 1952 Glass-Ceramics 1961 Space Shuttle Window Glass 1964 Fusion Overflow Process 1970 Low-Loss Optical Fiber 1972 Ceramic Substrates for Catalytic Convertors 1982 Liquid Crystal Display Glass 2000 Low-Density LCD Glass 2006 High Throughput Cell Culture Solutions 2007 Tough, Thin Cover Glass for Mobile Devices Ultra-Bendable Optical Fiber 2012 Ultra-Slim Flexible Glass 2013 All-Optical Converged Cellular & Wi-Fi Solution Antimicrobial Glass 2015 Light, Tough Automotive Glass 2016 High-Transmission Light-Guide Plate for LCD Displays Advanced Glass for Wearables Gasoline Particulate Filters 2017 Damage-Resistant Pharmaceutical Glass Packaging 2018 Corning Incorporated

4 Business Segments That Lead Growth Industries Display Technologies Optical Communications Environmental Technologies Life Sciences Specialty Materials 2018 Corning Incorporated

5 A Robust New Business Pipeline The Emerging Innovations Group connects our unique capabilities to new market opportunities creating innovations that lead to new products and businesses 2018 Corning Incorporated

6 An Experienced Leadership Team James P Clappin Executive Vice President Corning Glass Technologies Martin J Curran Executive Vice President & Innovation Officer Dr Jeffrey Evenson Senior Vice President & Chief Strategy Officer Lisa Ferrero Senior Vice President & Chief Administrative Officer Clark S Kinlin Executive Vice President Optical Communications Lawrence D McRae Vice Chairman & Corporate Development Officer Dr David Morse Executive Vice President & Chief Technology Officer Eric S Musser Executive Vice President Corning Technologies & International Christine M Pambianchi Senior Vice President Human Resources Lewis Steverson Senior Vice President & General Counsel Tony Tripeny Senior Vice President & Chief Financial Officer Wendell P Weeks Chairman & Chief Executive Officer 2018 Corning Incorporated

7 A Clear Set of Corporate Values All seven, All the time, All around the world 2018 Corning Incorporated

8 Strong Intellectual Property In 2017, Corning was granted ~560 patents in the US >1,280 patents in countries outside the US At the end of 2017, Corning and its wholly-owned subsidiaries owned >10,900 unexpired patents 2018 Corning Incorporated

9 A Reputation for Achievement National Medal of Technology (2003, 2000, 1994, 1986) National Academy of Television Arts & Sciences Emmy Award (2016) IEEE Milestone Award (2012) Edison Award in Materials Science for Corning Gorilla Glass (2012) MIT s list of disruptive innovators (2013) Thomson Reuters Top 100 Global Innovator sm (2014, 2013, 2012, 2011) European Patent Office s top 100 patent applicants (2015) Most Innovative Companies (2013) & Innovation All-Star (2010) by Fast Company 2018 Corning Incorporated

10 How We Succeed

11 Strong Investment in RD&E We invest, on average, ~8% of annual sales in RD&E We innovate for today s businesses while creating tomorrow s growth drivers We sustain our investment in good times and bad 2018 Corning Incorporated

12 A Distinctive Innovation Recipe We address tough technology challenges We combine material and process innovation We collaborate closely with customers who lead their fields Our innovations transform industries and deliver long-term value 2018 Corning Incorporated

13 Best-in-the-World Capabilities 3 Core Technologies 4 Manufacturing & Engineering Platforms Market-Access 5 Platforms Glass Science Vapor Deposition Fusion Optical Communications Mobile Consumer Electronics Ceramic Science Optical Physics Core Technologies Precision Forming Extrusion Manufacturing & Engineering Platforms Focus >80% of resources on opportunities that leverage capabilities from at least two of three columns Display Automotive Life Sciences Vessels Market-Access Platforms 2018 Corning Incorporated

14 A Rich Set of Opportunities

15 Optical Communications We ushered in a communications revolution with the invention of low-loss optical fiber in 1970 Today, we re enabling always-on networks with innovations for fiber to the home, hyperscale data centers, and in-building networks 2018 Corning Incorporated

16 Mobile Consumer Electronics We created the market for thin, tough cover glass Today, we re innovating to increase damage resistance, improve drop durability, enhance optical clarity, improve resolution, and enable new form factors 2018 Corning Incorporated

17 Display We ve been consistently first to market with new innovations including next-generation sizes and reduced thickness Today, we re leveraging our fusion assets, glass science expertise, and optical physics capabilities to drive the next round of display innovations better images, ubiquitous touch, flexible displays, and new form factors 2018 Corning Incorporated

18 Automotive We re helping make vehicles cleaner, safer, and more connected We re continuing our long track record in clean-air technologies with gasoline particulate filters for gasoline directinjection engines Corning Gorilla Glass for Automotive can improve damage resistance, increase fuel efficiency, enhance interactivity, and add aesthetic appeal 2018 Corning Incorporated

19 Life Sciences Vessels We re helping deliver life-changing and life-saving discoveries in medicine Our bioprocessing, cell therapy, and 3D cell culture technologies play a critical role in the discovery and scale-up of more effective drugs and treatments Our revolutionary pharmaceutical packaging solution has the potential to significantly improve drug storage and delivery 2018 Corning Incorporated

20 Our Mission: Another 165 years of Innovation and Independence and a world that is better because of our efforts 2018 Corning Incorporated

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23 Appendix A Business Detail

24 Display Technologies World-leading supplier of glass substrates for LCD and advanced displays including televisions, desktop monitors, notebooks and tablets, and mobile devices Proprietary fusion process produces exceptionally thin glass with outstanding stability and unparalleled surface quality Products include: Corning EAGLE XG Slim Glass Industry-leading LCD substrates for evolving displays Corning Lotus NXT Glass High-performance display glass featuring industry-leading dimensional stability for LCD and OLED displays Corning Iris Glass High-transmission light-guide plate enabling displays <5 mm thick 2018 Corning Incorporated

25 Optical Communications Global leader in connectivity solutions for carrier, enterprise and wireless networks, and the expanding frontier of consumer electronic devices The most widely deployed brand of optical fiber in the world For more than four decades, our innovations have continually increased the performance, lowered the cost, and improved the installations of optical networks Products include: Corning ClearCurve Bend-resistant fiber to provide reliable transmission in complex installation environments Corning ONE Wireless Platform All-optical solution that converges an enterprise s cellular, Wi-Fi, and Ethernet into a single unified infrastructure EDGE8 Solutions Reduce space-requirements and increase transmission speeds of data centers 2018 Corning Incorporated

26 Environmental Technologies A leader in clean-air technologies for more than four decades Market-leading emissions-control solutions for the world s top automakers and engine manufacturers Advanced cellular ceramic substrates and particulate filters help customers meet new environmental standards Products include: Corning Celcor Substrates Reduce emissions while ensuring high performance, efficiency, and flexibility Corning DuraTrap Particulate Filters Trap soot from diesel or gasoline exhaust Corning FLORA Substrates Reduce the harmful emissions that occur upon engine start up 2018 Corning Incorporated

27 Life Sciences Global provider of innovative products and solutions across the life sciences workflows for >100 years #1 position in liquid handling, cell culture, and adherent cell bioprocessing Portfolio includes industry-leading consumable brands: Corning, Falcon, PYREX, Axygen, and Gosselin Products include: Bioprocess and cell therapy scale-up technologies Cell culture vessels, surfaces, and media PYREX glassware General labware and equipment 2018 Corning Incorporated

28 Specialty Materials Global leader in advanced materials and optical solutions for high-tech industries Products for diverse markets including consumer electronics, telecommunications, semiconductor, medical, ophthalmic, astronomy, and aerospace & defense Industry-leading Corning Gorilla Glass is featured on more than 40 brands and more than 5 billion devices worldwide Other products include: Semiconductor materials Photonic materials Precision glass wafers Laser technologies Metrology instruments 2018 Corning Incorporated

29 Appendix B RD&E Supporting Materials

30 Global Laboratories Corning Scientific Center St Petersburg, Russia Corning Research Center China Shanghai, China Corning European Technology Center Fontainebleau, France Corning Reactor Technology Center Changzhou, China Corning Technology Center Silicon Valley Sunnyvale, California Corning Technology Center Santa Barbara Santa Barbara, California Corning Technology Center Korea Asan, Korea Sullivan Park Science & Technology Center Corning, New York Corning Advanced Technology Center Taipei, Taiwan Corning Research Center India New Delhi, India Corning Research Center Taiwan Hsinchu, Taiwan 2018 Corning Incorporated

31 Innovation Pipeline Management Ideas Major Opportunities 2018 Corning Incorporated

32 Multiple disciplines and close collaboration Inorganic Materials & Processes Manufacturing Technology & Engineering Applied Optics & Physics Organic Materials & Processes Technology Disciplines Biochemical Sciences & Processes Science & Engineering Optical & Wireless Transmission Thin Films & Surface Sciences Modeling & Simulation Materials Characterization create synergies that lead to novel solutions 2018 Corning Incorporated

33 Emerging Innovations The Emerging Innovations Group connects our extraordinary materials and process capabilities to new market opportunities creating innovations that lead to new products and businesses Corning Gorilla Glass for new applications Glass-to-Glass Bonding Corning Display Glass for smart windows and photovoltaics Corning Willow Glass Specialty Surfaces Large-Area Thin-Sheet Ceramics Corning Fibrance Light-Diffusing Fiber Corning Advanced-Flow Reactors 2018 Corning Incorporated

34 Appendix C The Glass Age

35 Glass is one of the most transformative materials of all time 2018 Corning Incorporated

36 Thanks to its unique aesthetic and technical properties, glass is becoming increasingly vital to a broad range of industries 2018 Corning Incorporated

37 Silica can be combined in countless ways with other elements to produce glass compositions with distinctive attributes 2018 Corning Incorporated

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39 Glass has the potential to solve some of our world s toughest challenges Corning Incorporated

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