Mercury Systems Inc · NASDAQ:MRCY
Mercury Systems — Mercury Computer Systems — Adams Harkness 25th Annual Ultimate Performance Machine Summer Seminar 2005
26 slides from Mercury Systems's conference presentation, Aug 2, 2005
Slide 1: Adams Harkness 25th Annual Summer Seminar
EXHIBIT 99.1 Computer The MERCURY Adams August Jay Bob Bertelli, Ultimate Hult, Harkness 2, 2005 Chief Systems, Chief Performance Financial 25th Executive Inc. Annual Officer Machine Officer Summer Seminar
Slide 2: Forward-Looking Statements Safe Harbor
Computer The MERCURY Forward-Looking This business “project,” Such political order acceptance conditions additional 31, update announcements contained References requires and useful comparison compensation, investors providing understand indicator impact 2 © Adams Mercury 2005. achieving associated
Slide 3: Company Overview
Computer The MERCURY Company FY05 Founded Leading Office R&D 830 350 Investment 60%* 20%* June *Approximate 3 © Adams Mercury employees engineers Ultimate Fiscal centers Revenues: Defense Imaging OEM locations provider in Harkness Overview Systems, Year in Computer 1981 Solutions in Performance know
Slide 4: The Mercury Technology
Computer The Mercury Image Wafer Sensor J-STARS Radar 3-D Mobile Reconstruction (Digital MERCURY 4 © Adams Mercury Ultimate Image Image Inspection and data- C-Arm X-Ray) Technology Harkness Aircraft Systems, Signal Computer TECHNOLOGY scanned Display Performance Processing 25th Inc. in wafers System
Slide 5: Defense Electronics Group (DEG)
Computer The MERCURY Defense © Mercury Ultimate Electronics Systems, Computer Performance Inc. Group Systems, Machine (DEG) Inc.
Slide 6: Deployed on Representative Defense Platforms
Computer The MERCURY Defense Deployed Air, Commercial, Provide From Positioned Driving Global F/A-22 JSTARS ASTOR Sampson AEGIS EMPAR P-3 Gripen Wedgetail SQS-56 SH-60 JSF ABL Erieye Representative Rivet ASR-9 F-16 U-2 NSSN Commandar Predator Tornado Gotland TPS-59(V)3 GCA-PAR-2000 FA-18 HALO JCM 6
Slide 7: DEG Value Proposition
Computer The MERCURY DEG Real-time Mathematical Transmit Visualize Acquire Process Complex Image Sensor Real Scalable Embedded 7 © Adams Mercury Ultimate time Value Display streaming Harkness signal signal Systems, (real Computer Proposition Performance Transformations returns estate, and 25th Inc.
Slide 8: DEG Market Opportunity and Growth Drivers
Computer The MERCURY DEG DoD Expansion Network $3 Available Smart Image Software In-theater Served T * *Fiscal 8 © oday Adams Mercury Billion Ultimate transformation Growth Weapons 5&Market 2005 Years Centric Data Harkness Radio Market procurement Systems, Market to Computer revenues lower Performan
Slide 9: Imaging and Visualization Solutions (IVS)
Computer The MERCURY Imaging Solutions © Mercury Ultimate &(IVS) Systems, Visualization Computer Performance Inc. Systems, Machine Inc.
Slide 10: IVS Value Proposition
Computer The MERCURY IVS Increase Archive Acquire Visualize Volume Process Distribute 2D Reconstruction (ExamineRT™ RADIN Data Image All Embedded Broad 10 © Mercury Adams (RADIN) steps Ultimate Value Acquisition end-to-end reconstruction, Rendering Software (PACS) data from Systems, Harkness Proposi
Slide 11: IVS Market Opportunities
Computer The MERCURY Market Diagnostic Interventional Biotechnology Picture Medtronic SIEMENS GE PHILIPS FEI pfizer BrainLAB TOOLS FUJIFILM ZEISS AGFA A Landmark Schlumberger Geosciences 11 Simulation © Halliburton Mercury Adams COMPANY Ultimate Agfa archive Opportunities FOR Harkness Systems, When
Slide 12: IVS Market Opportunity and Growth Drivers
Computer The MERCURY IVS Growing Increased Enhanced Real-time Market Diagnostic Picture Geosciences Biotechnology $1.7 Available Served T * Bio 3D PACS *Fiscal Modality 12 © oday Mercury Adams Visualization Diagnostic Technology Ultimate Growth Billion 3Market Archiving opportunities 2005 Years need
Slide 13: OEM Solutions Group (OSG)
Computer The MERCURY OEM Ultimate Solutions Systems, Performance Group Inc.(OSG) Machine
Slide 14: OSG Value Proposition
Computer The MERCURY OSG Accelerating Sensor Classify Acquire Analyze Detect Image Offline Searching Scalable Enabling Software-programmable 2 © Adams Mercury Ultimate Value Correction Data- Classification compute, Harkness customer for Systems, Computer Proposition customers’ Scanned Performance de
Slide 15: OSG Target Markets
Computer The MERCURY OSG Delivering Semiconductor Wafer Mask Systems Communications Wireless Next-generation 3 © Adams Mercury Ultimate Markets writing andthat infrastructure Harkness Systems, reticle specialized Computer process generate Performance capital packet computing inspection 25th Inc. str
Slide 16: OSG Market Opportunity and Growth Drivers
Computer The MERCURY OSG Processing Data Subject Industry Equipment New $1.5 Available Served Semiconductor Telecommunications 5 * 3 *Fiscal Today 4 © Adams Years years Mercury Ultimate Billion rates applications market standards Growth Market 2005 toemerging Harkness Market Systems, and market need
Slide 17: Financial Overview
Computer The MERCURY © Overview Financial Mercury Ultimate Systems, Computer Performance Inc. Systems, Machine Inc.
Slide 18: Value Creation: Revenue Growth and Projection
Computer The MERCURY Value Revenue June 2005: 2006E 2005A 2004A 2003A 2002A 2001A $295-305* $250 $186 $150 $180 2006: DEG IVS OSG FY06 *Per 6 © Adams Mercury Ultimate ~35%+ Company Fiscal ~Flat ~20%+ Creation: Record Projected projected ($M) Harkness Systems, Year Computer Performance revenues guida
Slide 19: Fiscal Year 2005 Results
Computer The MERCURY FY ($M) Revenues Gross Op.Income Net EPS Fiscal 7 © Adams Mercury Ended Income Ultimate (diluted) 2005 Margin 2005 Harkness $250.2 Systems, June 2004 Computer 42.5 Strong record $30.2 Performance $1.25 %3031.6 66.5% $185.6 $22.9 revenues, operating 25th Performance Inc. $1.03 Sy
Slide 20: Fiscal Year 2006 Guidance
Computer The MERCURY Fiscal GAAP Revenues Gross Operating EPS Impact Acquisition-related 1) Notes: 2) 8 © Adams Mercury Figures Company Ultimate $0.97-1.02 Margin Year Non-GAAP ofHarkness equity-based $295-305 Income Systems, inEnding 2006 Computer guidance, millions, Performance Percent $1.35-1.40
Slide 21: Q1 Fiscal 2006 Guidance
Computer The MERCURY Q1 Impact Acquisition-related Quarter GAAP Revenues Operating EPS 1) Notes: 2) 9 © Adams Mercury Figures Company Fiscal Ultimate $0.11-0.13 Non-GAAP of Ending Harkness equity-based 2006 $60-63 Income Systems, inComputer guidance, millions, Performance Guidance September $0.18-0.
Slide 22: Timeless Guidance: Business Model
Timeless Guidance Revenue Income 1) Notes: 2) Adams Acquisition-related FY06Harkness from Non-GAAP 100% Business Timeless Operations 100% 25th Model FY04 guidance 100% amortization Annual 17% FY05 100% 17% Summer per FY06* July Gross 16% of intangibles Seminar 28, Business 16-18% Margin 2005 8/2/05
Slide 23: Strong Balance Sheet
Computer The MERCURY Strong Historically Supports (Quarter Cash Total Stockholders’ 10 © Mercury Adams Ultimate Assets and Current Debt Liabilities Balance ended open Equivalents Systems, Harkness $136 Computer strong $377 Assets Performance Equity innovation June Sheet $179 balance Inc. 25th 30, $2
Slide 24: Growth Through Acquisitions and Alliances
Computer The MERCURY Growth Extend Focused Accretive Consider Integrate Five Echotek Expanding IBM, ECHOTEK TGS momentum SOHARD ziehm MASSACHUSETTS 11 © Mercury Adams Ultimate recent Group, visual NVIDIA imaging Mercury’s through Corp. on into the within Harkness Systems, list Computer acquisitions
Slide 25: Summary
Computer The MERCURY MRCY Diversified Straightforward Strong Open Sustain 12 © Mercury Adams Ultimate innovation competitive balance Summary a 25% Systems, Harkness Computer revenue Performance or sheet, operating strategy better position Inc. base 25th operating Systems, long-term –Annual through m
Slide 26: Computer The MERCURY
Computer The MERCURY NASDAQ: www.mc.com 13 © Mercury Adams Ultimate Systems, Harkness MRCY Computer Performance Inc. 25th Systems, Annual Machine Inc. Summer Seminar 8/2/05