4/26/2017 10:25 PM Merriman Curhan Ford & Co. 2nd Annual IP Video Conference March 3, 2008 NEWLIGHT\Roadshow\55 Road Show.ppt

4/26/2017 10:25 PM Opnext “ Opnext is a leading designer and manufacturer of transmit and receive optical modules and components which enables high-speed telecommunications and data communications networks globally” NEWLIGHT\Roadshow\55 Road Show.ppt

Demand for Bandwidth is Growing Exponentially 4/26/2017 10:25 PM Demand for Bandwidth is Growing Exponentially Deployment of Broadband Access Capabilities (CATV/FTTC/FTTP) + Proliferation of applications Bandwidth Demand IP-TV Online Gaming With the deployment of broadband pipes to the consumer, networks are running out of bandwidth as the end users have adopted bandwidth intensive applications The so called capacity glut of 2001 has been consumed Applications have moved from text =>images => video YouTube claims that viewers are watching more than 100mm videos per day Netflix announced distributing movies over the internet HDTV will be in a majority of households by 2010, - 20M (2005) => 175M (2010) - BW HD = 5X std (10MB/s) Over 40% of people who play a computer game play online Telecom companies are aggressively rolling out new services based on IPTV Multimedia Video Conferencing Peer-to-Peer HD Video Storage Now Future NEWLIGHT\Roadshow\55 Road Show.ppt

Total IP Traffic IP Traffic will double every two years 4/26/2017 10:25 PM Total IP Traffic 5% 13% 6% 43% 33% IP Traffic will double every two years Consumer IP traffic is growing at a 52% CAGR One third of all Internet Traffic in 2011 will be non-Internet traditional video services Source: Cisco January 2008 NEWLIGHT\Roadshow\55 Road Show.ppt

IP / Optical Infrastructure 4/26/2017 10:25 PM Network Architecture IP / Optical Infrastructure Video On Demand Servers Voice Application Servers PSTN Multi- Service Edge Router Metro Sonet/SDH Rings Internet ONU OLT PON Head End Cable Modem MSO Residential Network National IP Network DSLAM xDSL Corporate Network All Optical Backbone NEWLIGHT\Roadshow\55 Road Show.ppt

Opnext Core Business Continues To Be High-Growth 10G and 40G Segments 4/26/2017 10:25 PM Opnext Core Business Continues To Be High-Growth 10G and 40G Segments Total Optical Component Spending ($mm) 10G and 40G Module Spending ($mm) 10G and 40G comprise ~80% of our revenues $3,766 $1,218 $3,236 24% CAGR 63% CAGR $983 20% CAGR $794 $36 22% CAGR This inflection point can best be seen in the robust growth expectations for both telecom and datacom 10G optical component spending Total mkt will grow 45% from 2006-2009 while the 10G and 40G will grow 135%. Telecom will grow at a 23% CAGR reaching $666mm by 2009 and Datacom coming from a smaller base will grow at a faster 44% CAGR reaching similar levels by 2009 Within the telecom market, the new pluggable TRVs such as XFP along with the tuneable TRVs are growing closer to 40-50% Source: Ovum-RHK 2007, LightCounting 2008, and Opnext NEWLIGHT\Roadshow\55 Road Show.ppt

Selected Opnext Customers 4/26/2017 10:25 PM Selected Opnext Customers Major Telecom Customers Major Datacom Customers NEWLIGHT\Roadshow\55 Road Show.ppt

Annual Financial Data 4/26/2017 10:25 PM NEWLIGHT\Roadshow\55 Road Show.ppt

Quarterly Financial Data 4/26/2017 10:25 PM Quarterly Financial Data NEWLIGHT\Roadshow\55 Road Show.ppt