Slide 1: Delivering Information Security and Availability
Delivering Information Security and Availability John W. Thompson Chairman and Chief Executive Officer, Symantec
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation contains forward-looking statements, including forecasts of market growth, future revenue, benefits of the proposed merger, and expectations that the merger will be accretive to Symantec's results and other matters that involve known and unknown risks, unc
Slide 3: Where to Find Additional Information
Where to Find Additional Information Symantec Corporation has filed a registration statement on Form S-4 containing a preliminary joint proxy statement/prospectus in connection with the merger transaction involving Symantec and VERITAS Software Corporation. We urge investors and security holders to
Slide 4: Strategic Rationale
Strategic Rationale
Slide 5: Balance Access and Risk with Return on Investment
Balance Access and Risk with Return on Investment Network Application Database Server Storage ACCESS Complexity Risk Availability CIO Balance Security Threats Compliance Business Continuity Performance Security Clients
Slide 6: Key CIO Priorities are Evolving
Key CIO Priorities are Evolving CIO Priorities Reduce IT Cost and Complexity 81% make reducing overall complexity a top priority 70% are looking for a significant payoff from emerging technologies Almost half continue to focus on cost reductions as a top priority Focus on Revenue Generating Programs
Slide 7: Information Security and Information Availability Must Converge
Information Security and Information Availability Must Converge Automation Performance Availability Applications Servers Storage Security Convergence Network
Slide 8: Information Integrity Merger
Information Integrity Merger Together Symantec and VERITAS provide customers with the broadest solutions to ensure the security and availability of their most valuable asset - their information VERITAS is the industry leader in information availability Symantec is the industry leader in securing inf
Slide 9: Category Leadership - Uniquely Positioned to Drive Convergence
Category Leadership - Uniquely Positioned to Drive Convergence Storage Software Backup & Recovery Storage Management Vulnerability Mgmt Secure Content Mgmt Security Software Leadership Source: Gartner, IDC Industry leader across all major security and availability categories
Slide 10: Symantec + VERITAS: Competitive Differentiators
Symantec + VERITAS: Competitive Differentiators Broad category leadership #1 market share in 6 market segments Unique scale and scope No hardware agenda Creates platform-independent security and storage vendor Uniquely positioned to drive convergence Competitive Advantage
Slide 11: Integration Update
Integration Update
Slide 12: Integration Priorities
Integration Priorities Sustain business momentum Deliver on cost synergies Facilities Procurement Headcount redundancies Seize near-term revenue opportunities Communicate product strategy and roadmap to customers Priorities
Slide 13: Product Plans
= Daca VERITA Product Plans © Product Interoperability © Product Integration © New information integrity + Symantec and VERITAS © Common user interface A testing and certification “Gianna Ft on eee ee egy) 3 © Applications compliance Leverage Deep Site to trigger eran papel Alerts In Backup products
Slide 14: Sales and Channel Integration Planning
Sales and Channel Integration Planning Four-pronged approach to winning in the marketplace Leverage key account relationships and identify cross-selling opportunities Leverage Symantec resellers to expand VERITAS presence in mid-market Leverage online capabilities into mid-market and enterprise acco
Slide 15: Integration Summary
Integration Summary Announced leadership in every area of the organization Cost synergies identified Outlined product roadmap Identified early sales opportunities Finalized sales coverage model Infrastructure integration roadmap Integration Summary Ready to Go, Day 1!
Slide 16: Financials
Financials
Slide 17: Financial Metrics
Financial Metrics Pro forma revenue expectation of $5 billion for FY06 Related operating expenses expected to be 55% of revenue Cost synergies of $100 million realized in the first 12 months Non-GAAP EPS is expected to be $0.99, excluding the amortization of deal-related intangibles, the impact of t
Slide 18: Recent Announcements
Recent Announcements Share Repurchase Symantec Board authorized the repurchase of an additional $3 billion Effective from close of the merger through March 31, 2006 Accretive to non-GAAP $0.99 earnings per share forecast VERITAS 1Q05 Reported revenue of $559 million GAAP earnings per share of $0.17
Slide 19: June Quarter Guidance
June Quarter Guidance Symantec 1Q06 Forecast Revenue between $700 - $720 million GAAP earnings per share of $0.23 at the mid-point of revenue guidance Non-GAAP earnings per share* of $0.25 at the mid-point of revenue guidance Recent Announcements *See reconciliation of GAAP to non-GAAP financials in
Slide 20: Symantec and VERITAS - Driving Long-term Value
4th Largest Software Company in the World Breadth and depth: Information Security and Information Availability Fastest growing large software company $35B market opportunity going to $56B Broad Coverage Model Global reach: Consumer to small business to large enterprise Channel presence: Volume distr
Slide 21: Thank You
Thank You
Slide 22: Symantec's Reconciliation of non-GAAP to GAAP: Quarter View
Symantec's Reconciliation of non-GAAP to GAAP: Quarter View Reconciliation of Non-GAAP to GAAP Quarterly View ($ in thousands except per share amounts) Jun-04 A Sep-04 A Dec-04 A Mar-05 A Jun-05 Non-GAAP gross profit $ 467,623 $ 522,298$ 587,061$ 602,652$ 710,000 Cost-of-revenues: Amortization of ac
Slide 23: VERITAS Reconciliation of non-GAAP to GAAP: Quarter View
VERITAS Reconciliation of non-GAAP to GAAP: Quarter View March 31, 2005 ($ in thousands, except per share amounts) Under GAAP Adjustments Non-GAAP Net revenue: User license fees $ 323,242 $ 323,242 Services 236,016 236,016 Total net revenue 559,258 559,258 Cost of revenue: User license fees 8,612 8,