Symantec 4.0 Steve Bennett President and Chief Executive Officer - PDF document

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 Symantec 4.0 Steve Bennett President and Chief Executive Officer Morgan Stanley Conference February 27, 2013 1 1 Forward Looking Statements This presentation contains statements regarding our intention to execute a new strategy, implement operational and organizational changes and our projected financial and business results, as well as our intention to return cash to shareholders through dividends and continued share buyback activity, which may be considered forward ‐ looking within the meaning of the U.S. federal securities laws. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this presentation. Such risk factors include those related to: maintaining customer and partner relationships; the anticipated growth of certain market segments, particularly with regard to security and storage; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; fluctuations in currency exchange rates; the timing and market acceptance of new product releases and upgrades; the successful development of new products and integration of acquired businesses; and the degree to which these products and businesses gain market acceptance. Actual results may differ materially from those contained in the forward ‐ looking statements in this presentation. Additional information concerning these and other risk factors is contained in the Risk Factors section of our Form 10 ‐ K for the year ended March 30, 2012 and in our Form 8 ‐ K filed on June 11, 2012. Any information regarding pre ‐ release Symantec offerings, future updates or other planned modifications is subject to ongoing evaluation by Symantec and therefore subject to change. This information is provided without warranty of any kind, express or implied. Customers who purchase Symantec offerings should make their purchase decision based upon features that are currently available. We assume no obligation to update any forward ‐ looking information contained in this presentation. 2 2 1

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 Use of GAAP and Non ‐ GAAP Financial Information Our results of operations have undergone significant changes due to a series of acquisitions, the impact of SFAS 123(R), impairment charges and other corporate events. To help our readers understand our past financial performance and our future results, we supplement the financial results that we provide in accordance with generally accepted accounting principles, or GAAP, with non ‐ GAAP financial measures. The method we use to produce non ‐ GAAP results is not computed according to GAAP and may differ from the methods used by other companies. Our non ‐ GAAP results are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our non ‐ GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non ‐ GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Investors are encouraged to review the reconciliation of our non ‐ GAAP financial measures to the comparable GAAP results, which is attached to the financial review presentation, and which can also be found, along with other financial information, on the investor relations page of our website at www.symantec.com/invest. 3 3 Background and Strategic Implications Strong Assets No Strategy Siloed Org Poorly Run New Control Points Keep Emerging… Customers’ Needs Are Not Being Met 4 4 2

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 Focused on 3 Things… Execution and Change Management Products and GTM and Global People and Services Strategy Organization Thoughtful Approach to Changes… Timing Very Important 5 5 Offerings… Making Point Solutions Even Better Portfolio of Leading Products Point Products… Invest Based on Opportunity Consolidate or Divest Assets as Required User Productivity & Information Management: Information Security Protection Availability & Scalability Norton 360 Managed Security Services Storage Foundation HA Norton Mobile Security Data Loss Prevention NetBackup Norton Data Services Mail and Web Security Enterprise Vault/eDiscovery Endpoint Protection O3 Backup Exec Enterprise Mobility Control Compliance Suite BE.cloud Endpoint Encryption Critical System Protection FileStore User Authentication Trust Services 6 6 3

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 We Will Deliver New Integrated, Modular Offerings Over the Next 6 ‐ 24 Months New Higher ‐ Value Offerings Mobile Workforce Productivity Norton Protection User Productivity & Protection Norton Cloud Information Security Service Identity/Content ‐ aware Security Gateway Information Security Data Center Security Business Continuity Integrated Backup Information Management: Cloud ‐ based Info Management Availability & Scalability Object Storage Platform 7 7 New Higher ‐ Value Offering: Mobile Workforce Productivity Enables authorized users to access corporate resources from any corporate or personal mobile device, PC or Mac while protecting data, applications, Integrated devices and identities • Endpoint protection • Corporate • Personal • Mobile device management • Mobile container • Mobile application Management • Enterprise app store • Endpoint encryption • Endpoint DLP Employee Owned/BYOD Enterprise Applications • User authentication Cloud Services Corporate Owned Solves an important customer problem and builds competitive advantage 8 8 4

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 New Higher ‐ Value Offering: Business Continuity Delivers high availability, performance, and scalability for business applications in virtual, private cloud environments Integrated • Windows Backup Applications • Unix/Linux Backup • Virtual Backup • Clustering Platforms • Virtual HA • Replication • Disaster Recovery • Service Orchestration Storage Solves an important customer problem and builds competitive advantage 9 9 New Higher ‐ Value Offering: Information Security Service Provides visibility into, and comprehensive protection from, advanced threats leveraging Symantec and 3rd ‐ party products Integrated • Analysis Symantec Security Offerings • Correlation • Visibility 3rd ‐ Party Products and Tools • Dashboard Symantec Global Security • Threat Detection Intelligence Network • Prioritization and Workflow Enterprise Apps • Incident Management • Risk Management Solves an important customer problem and builds competitive advantage 10 10 5

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 Simplified Go ‐ to ‐ Market (GTM) Strategy Customer Segment Global • Global & Enterprise… Symantec direct + Customer led channel involvement Enterprise • Channel ‐ led… dedicated Symantec team support Commercial Norton Consumer and • Combination of direct through e ‐ business and channel ‐ led Small Business Applied “Right for GEO” manner 11 11 New Marketing and Sales Capabilities • New business growth ‐ Field paid only on new over time • Expanded Marketing ‐ Separate renewals org Beyond Beyond ‐ Total customer experience Current Short ‐ Term ‐ New centers of excellence Point Bookings to ‐ Strategic Pricing & Licensing • Expanded high quality/ Products to Lasting lower cost models Integrated Customer ‐ Telesales Offerings Value • New, enhanced partner program ‐ e ‐ Business ‐ More selective based on capabilities ‐ In product ‐ Better enablement & Symantec support Offerings Customers ‐ New performance ‐ based incentives • New global sales and partner enablement organization 12 12 6

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 Organization Simplification Initiative • Addressing spans and layers • 3 waves • Completed by June 13 13 Financial Objectives • Organic growth story • Planning for 5 quarters of transition • Operating margins grow 200 bps next 2 years • Return cash to shareholders ─ Over time, return 50% as a dividend and 50% via buybacks ─ Initiating a dividend with a targeted yield of 2.5 % in 1Q14 14 14 7

Morgan Stanley TMT Conference ‐ 2/28/2013 Symantec 4.0 Q&A 15 15 Thank You 16 16 8