Gen Digital Inc. · NASDAQ:GEN
Gen Digital — Symantec — Shareholder Meeting (November 2018)
18 slides from Gen Digital's shareholder meeting presentation, Nov 9, 2018
Slide 1: In-Season Stockholder Engagement Fall 2018
In-Season Stockholder Engagement Fall 2018
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains statements regarding our projected financial and business results, which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements regarding our financial guidance and goals; demand for our pro
Slide 3: Use of GAAP and Non-GAAP Financial Information
Use of GAAP and Non-GAAP Financial Information Unless otherwise indicated all numbers presented are non-GAAP. All revenue growth rates are presented in constant currency except for compound annual growth rates unless stated otherwise. Our results of operations have undergone significant change due t
Slide 4: Largest Pure-Play Cybersecurity Company in the World
Integrated Cyber Defense leadership across web, users, information and messaging #1 market share across six Enterprise Security products Largest Pure-Play Cybersecurity Company in the World Global cybersecurity leader protecting enterprises, governments and consumers 175M endpoints under protection
Slide 5: Significant increase in TSR over last years, FY16 – FY18
Significant increase in TSR over last 3 years, FY16 – FY18 Announced Audit Committee Investigation 5/10/18 = SYMC = Nasdaq 100 3-Year Total Shareholder Return1 (November 2, 2015 – October 31, 2018) Note: All numbers presented are non-GAAP unless otherwise indicated. Actual results for a particular p
Slide 6: Symantec's Transformation
Symantec’s Transformation Following our transformative year in fiscal 2017, which refocused Symantec as a pure-play cybersecurity company, fiscal 2018 was dedicated to executing our strategy to drive organic growth and leverage our scale, innovation and investments to create industry-leading platfor
Slide 7: Financial Transformation - Fiscal Years 2016 – 2018
17% ‘16 – ’18 CAGR Non-GAAP Revenue Growth2,3 Significant Non-GAAP EPS Growth Non-GAAP Operating Income Growth3, Margin Expansion Successfully utilized cross-sell and up-sell opportunities within our installed base, in both our Enterprise Security and Consumer Digital Safety segments Year-over-Year
Slide 8: Relentless Focus on Disciplined Execution in Fiscal Year 18
Relentless Focus on Disciplined Execution In Fiscal Year 2018 Following the transformative transactions of FY17, in FY18 we executed on our plan to integrate and transform Built extensive point-to-point integrations across endpoint, network, cloud and email security products Further extended our Int
Slide 9: Investment Thesis for Symantec is Unchanged
Investment Thesis for Symantec is Unchanged FY17: Transformation 1 FY18: Execution FY19 & FY20: Opportunity Well positioned for sustainable mid to high single digit organic revenue growth in FY20 Fundamental operational improvements in flight and expected to result in industry-leading operating marg
Slide 10: Best-in-Class Management Team
Experienced management team with proven operational success and deep cybersecurity knowledge – focused on disciplined execution during this critical time for the business Best-in-Class Management Team Greg Clark CEO Matt MacKenzie Chief of Staff Mike Fey President & COO Nick Noviello EVP & CFO Scott
Slide 11: Symantec's Independent and Highly-Qualified Nominees
Symantec’s Independent and Highly-Qualified Nominees All directors except the CEO are independent Separate Chairman / CEO Board committees 100% independent Independent directors meet regularly in Executive Session Annual Board and committee self-evaluations Governance Best Practices Our Board’s dive
Slide 12: FY18 Compensation Program Overview
FY18 compensation program reflects a return to our more traditional incentive plan approach and is designed to reward achievement of challenging performance goals that align with our long term business strategy FY18 Compensation Program Overview FY18 Target Total Direct Compensation Mix (CEO)1 Long-
Slide 13: Long-Term Equity Design Directly Aligns with Value Creation
Long-Term Equity Design Directly Aligns with Value Creation Performance-Based Restricted Stock Unit (PRU) Award Timeline Performance Period Metric: FY18 Non-GAAP Operating Income FY18 End (March 2018) 2018 Fiscal Year End 250% vested 2019 Fiscal Year End Remaining 18.2% will vest at the end of FY19
Slide 14: Symantec Follows Compensation Governance Best Practices
Symantec Follows Compensation Governance Best Practices The following factors demonstrate our continued and heightened commitment to pay-for-performance and governance best practices: We reward performance that meets our predetermined goals We cap payouts to discourage excessive or inappropriate ris
Slide 15: Strategic Use of Equity Incentives
Strategic Use of Equity Incentives In addition, in recent years our gross burn rate has been decreasing4 -18% -16% Our Board of Directors takes seriously its commitment to stockholders to use equity responsibly Broad Based Use of Equity 1 Over the last two fiscal years 2 As of October 10, 2018 3 Dec
Slide 16: We Request Your Support
FOR election of each of the nominees to the Board We Request Your Support at Our 2018 Annual Meeting on December 3, 2018 FOR ratification of the appointment of KPMG LLP as Symantec’s independent registered public accounting firm for FY19 FOR approval of the amendments to the 2013 Equity Incentive Pl
Slide 17: Appendix
Appendix symantec.
Slide 18: Reconciliation of Selected GAAP Measures to Non-GAAP Measures
Reconciliation of Selected GAAP Measures to Non-GAAP Measures ($ in millions, except per share data, unaudited) (1) Net income (loss) per share amounts may not add due to rounding. Reconciliation of Selected GAAP Measures to Non-GAAP Measures (In millions, except per share data, unaudited) Year Ende