Gen Digital Inc. · NASDAQ:GEN
Gen Digital — Symantec — Merger or Acquisition (February 2005)
22 slides from Gen Digital's merger presentation, Feb 7, 2005
Slide 1: Delivering Information Security and Availability
Delivering Information Security and Availability John W. Thompson Chairman and CEO, 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, u
Slide 3: Where to Find Additional Information
Where to Find Additional Information • Symantec Corporation and VERITAS Software Corporation intend to file a registration statement on Form S-4 containing a joint proxy statement/prospectus in connection with the merger transaction involving Symantec and VERITAS. Investors and security holders are
Slide 4: Business and Technology Growth Trends
Business and Technology Growth Trends Growth Trends 4 Source: Booz Allen Hamilton
Slide 5: The Case for Convergence
The Case for Convergence Convergence 5
Slide 6: Key Infrastructure Software Trends
Key Infrastructure Software Trends • Growth in digital assets managed by individuals and enterprises • Complexity of managing heterogeneous systems • Cost of ensuring availability and compliance with IT standards • Increasing frequency and complexity of threats in the IT infrastructure • Reduction i
Slide 7: Profile of a Common Threat
Profile of a Common Threat Vulnerability Environment 7
Slide 8: Corporate Vision: Information Integrity
Corporate Vision: Information Integrity Vision 8
Slide 9: Broad Portfolio of Leading Infrastructure Offerings
Broad Portfolio of Leading Infrastructure Offerings Integrated Security Solutions Policy Compliance Incident Management Antivirus Intrusion Prevention Firewall / VPN Content Filtering Threat Intelligence Managed Security Services Availability & Performance Management File Systems / Volume Management
Slide 10: Product Synergies
Product Synergies • Resilient Infrastructure · Automatically raise the service level requirements on mission critical applications when threats are detected and restore systems in an automated fashion, accelerating time to recovery • Email Management · Filter spam, detect viruses, protect, archive a
Slide 11: Email Management
Email Management Email Retention Policies, Filtering Rules and Archiving Plans are Developed and Implemented Product Synergies 12
Slide 12: Regulatory Compliance
Regulatory Compliance Regulatory Compliance Plans are Developed, Implemented, Maintained/Monitored and Adjusted as Required Product Synergies 13
Slide 13: Complementary Sales and Channel Coverage Model
Complementary Sales and Channel Coverage Model Opportunity Development Fulfillment Sales Opportunities 14
Slide 14: Customer, Partner and Channel Support for the Merger
Customer, Partner and Channel Support for the Merger Support for the Merger 15
Slide 15: Transaction Summary and Financials
Transaction Summary and Financials
Slide 16: Transaction Timeline
Transaction Timeline Transaction Timeline 17
Slide 17: Financial Performance: Trailing Twelve Month P&L
Financial Performance: Trailing Twelve Month P&L ending 12/31/04 Revenue $2,427 M $2,042 M Gross Profit $2,047 M $1,735 M Gross Margin 84.3% 85.0% Operating Income $816 M $594 M Operating Margin 33.6% 29.1% Non-GAAP Net Income* $574 M $428 M *Non-GAAP Net Income excludes expenses from the amortizati
Slide 18: Financial Performance: Balance Sheet as of 12/31/04
Financial Performance: Balance Sheet as of 12/31/04 Cash $2,944 M $2,553 M Deferred Revenue $1,294 M $548 M Debt $0 M $905 M DSO 4350 Headcount 6,3167,587 Historical Financials 19
Slide 19: Revenue Mix: Quarter ended 12/31/04
Revenue Mix: as of Quarter ended 12/31/04 Combined Revenue by Customer Mix Combined Revenue by Geography Historical Financials 20
Slide 20: Guidance
Guidance • Guidance assumes the transaction closes in early April • Revenue expectation of $5 billion • Operating expenses expected to be 55% of revenue • Cost synergies of $100 million • $13 million should be realized in 1Q06, increasing through the year • Non-GAAP EPS is expected to be $0.99, excl
Slide 21: Investment Merits
Investment Merits Addresses customers’ desire to reduce the complexity and cost of managing their IT infrastructure Broadens product portfolio across heterogeneous platforms and across all tiers of the IT infrastructure Combines two market leading software companies and creates the fastest growing l
Slide 22: Thank You
Thank You