Mercury Systems Inc · NASDAQ:MRCY
Mercury Systems — Mercury Computer Systems — William Blair & Co. 25th Annual Growth Stock Conference 2005
24 slides from Mercury Systems's conference presentation, Jun 22, 2005
Slide 1: William Blair & Co. 25th Annual Growth Stock Conference
Exhibit 99.1 William Exhibit June Jay Bertelli, 22,99.1 Blair 2005 Chief & Co.Executive 25th Annual Officer Growth Bob Hult, StockChief Conference Financial Officer
Slide 2: Safe Harbor Statement
Forward-Looking Mercury other that the uncertainties conditions, marketing, delivering desired performance discussed statements, statement William 2 words term matters orBlair management isis in "may," projected technological delays including which defined made. the quality that affecting & Company'
Slide 3: Company Overview
Company FY05 Defense 60%* Imaging OEM 20%* June Founded Leading Germany *Per W 3 illiam company Fiscal Solutions Revenues Blair Electronics provider & in 733 Overview Visualization Year 1981 employees & guidance, Projection: Co. End of innovative, 25thApril Solutions worldwide; Annual $245 21, engin
Slide 4: Mercury Technology in Action
Mercury Sensor J-STARS Mobile Image MERCURY Wafer Radar 3-D William 4 Image Image Inspection and data- C-Arm Blair Technology Aircraft Signal Reconstruction TECHNOLOGY scanned Display &(Digital Co. Processing 25th in wafers X-Ray) Action Annual Growth Stock Conference 6/22/2005 © Mercury Computer Sy
Slide 5: Defense Electronics Group (DEG)
Defense © Mercury Electronics ComputerGroup Systems, (DEG) Inc.
Slide 6: Defense Electronics Group
Defense Deployed Air, Commercial, Provide From Positioned Driving William Representative 6 land, R&D full innovation Blair Electronics and across for through life-cycle rugged, sea & growth Co. all platforms for environments deployment Group 25th and support theAnnual conduction- next-generation Gro
Slide 7: DEG Value Proposition
DEG Value Real-time Mathematical Pulse Doppler Azimuth Adaptive Complex J-STARS Sensor Radar William 7 Compression Image streaming Blair /Compression Beam Pulse Aircraft Clutter signal Proposition Display Transformations &Returns Forming Co. and Filtering Scalable 25th imageAnnual Real processing ti
Slide 8: DEG DoD Expansion
DEG DoD Expansion Network Available Served Smart Today *Fiscal W * 8 illiam transformation Growth Weapons 5Market 2004 Years Blair Centric Market to revenues lower Drivers &$380 Data Co. Warfare $3echelons agenda/ISR M 25th BExploitation $3 were Billion Annual $126MMarket initiative Growth ImageryOp
Slide 9: Imaging & Visualization Solutions (IVS)
Imaging © Mercury & Visualization Computer Systems, Solutions Inc.(IVS)
Slide 10: IVS Value Proposition
Value Increase Dramatically Visualize Process Acquire Data Volume Reconstruction 2D (ExamineRT™ RADIN Image William portfolio 10 (RADIN) Acquisition Proposition reconstruction, Rendering Software Blair Data Distribute Accelerating & Throughput, &Server/Thin 3D Co. &3DSensor Archive 25th processing,
Slide 11: Market Opportunities
Market Diagnostic Interventional Biotechnology Picture Geosciences William © 11 Mercury archives Opportunities Blair medical Computer (oil & imaging including and Co. andimaging communication 25th gas) Systems, and drug Annual Simulation image-guided including discovery Inc. Growth system molecular
Slide 12: Mercury to Acquire SOHARD AG
Grow June 19M 85 Software Image Visualization Immediate Strengthen Open Technology Extend From William 12 employees 9, €opportunities new 2D through understanding $10M current 2005—“Mercury Blair competence tomarket applications presence 4D leadership solution: revenue & based Technology expertise C
Slide 13: IVS Growing Market Opportunity
IVS Growing Increased Enhanced Real-time Market Diagnostic Picture Geosciences Biotechnology Available Served BioTechnology 3D Today *Fiscal W * 13illiam Visualization Growth 3Market Archiving opportunities 2004 Years Blair need Market volume image 3D: Medical Drivers revenues & 5for interventional
Slide 14: OEM Solutions Group (OSG)
M Computer Systems, Inc. ’ ERC The Ultimate Performance Machine OEM Solutions Group
Slide 15: Wafer Image Inspection
Wafer Image Sensor Small Digitized Advanced Die Extract Difference Defect Mercury Gigabytes William 15 1 Die Pixel Inspection Correction Information data-scanned features Blair enables solutions Image 2Algorithms per Image & second Co. wafer Example &solve Processing Defect 25th wafers ofinspection
Slide 16: OSG Markets
OSG Markets Delivering Semiconductor Wafer Mask Systems Communications Wireless Next-generation William 16 writing andBlair that infrastructure reticle specialized process generate &capital packet Co. computing inspection 25th streaming patterns processing equipment and Annual signal market todata w
Slide 17: OSG Market Opportunity
OSG Processing Strong Design Industry Equipment New Available Served T * *Fiscal Semiconductor Telecommunications William 17odaystandards market Growth 3market Market wins 2004 Years Blair emerging Market needs makers opportunities moving revenues Drivers &5demand $170 will capital $1.5 years Co. ou
Slide 18: Revenue Growth and Backlog
Value June Revenue Q3 Backlog Projected Growth Objective: 2001 *Per William 18 FY05 Company Fiscal 2002 Creation: projected Blair increased ($M) growth record 2005 sustained 2003 Year &guidance, revenue Growth 2004 Co. End revenue, has intoall 25%+ begun 25th $110.4M 2005E three growth April Annual
Slide 19: FY2005 Company Guidance
2005 Company Fiscal Revenues Figures *Per William 19 Guidance Year in Blair $245 millions, Ending &guidance, MCo. Gross June except 25th30, Margin April Annual percent 2005* 21, Percent Growth and 2005per conference ~66% Stock shareOperating Conference datacall which Income 6/22/2005 includes ~17% a
Slide 20: Strong and Historically Strong Balance Sheet
Strongand Historically Assets Supports (Quarter Cash Total Stockholders’ William 20 Debt augmented Balance Blair ended open Equivalents $137 strong Equity &innovation March Sheet Total Co. by balance 25th $187 $125 $226 Liabilities 31,Annual growth 2005) million sheet Total $180 Current Growth agend
Slide 21: Growth Strategy and Acquisitions
Growth Extend Focused Accretive Consider Integrate Four TGS Momentum Expanding NVIDIA William 21 recent Group, Mercury’s through Blair on Corporation, into the within list acquisitions Intellectual Computer, Advanced size the &ofOpen Co. first company of alliances/partners capabilities the 25th year
Slide 22: Timeless Business Model
FY03 FY04 Guidance Timeless Revenue Income William 22 from Blair 100% Business FY05 Operations &100% Co. Model 25th 100% 14% Annual 100% 17%Growth Gross ~17% Margin 16-18% Stock Conference 66% 67% ~66% 6/22/2005 66-67% © Mercury SG&A 30% Computer 30% 29-30% Systems, R&DInc. 21% 21% 20-21%
Slide 23: Summary
MRCYcompetitive Strong operating Sustain William 23 Summary aBlair 25% cash&or flow Co. better position with 25th long-term significant Annual in attractive Growth revenue financing and Stock growth growing flexibility Conference ratemarkets Open 6/22/2005 Diversified innovation © Mercury revenue ba
Slide 24: NASDAQ: MRCY
NASDAQ: www.mc.com William 24 Blair MRCY & Co. 25th Annual Growth Stock Conference 6/22/2005 © Mercury Computer Systems, Inc.
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