2. Forward Looking Statements
This presentation contains statements regarding our financial and business results and business strategy,
which may be considered forward-looking within the meaning of the U.S. federal securities laws,
including projections of future revenue, operating margin and earnings per share, projections of
amortization of acquisition-related intangibles and stock-based compensation and restructuring charges,
operating margin expansion and future return of capital to shareholders. 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 press
release. Such risk factors include those related to: general economic conditions; 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; our ability to reduce our operating
expenses; fluctuations in currency exchange rates; our actual effective tax rate in future periods; 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 press release. We assume no obligation, and do not intend, to update these forward-
looking statements as a result of future events or developments. Additional information concerning these
and other risks factors is contained in the Risk Factors sections of our Form 10-K for the year ended
March 28, 2014.
Any information regarding pre-release of 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.
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3. Use of GAAP and Non-GAAP Financial Information
Our results of operations have undergone significant change due to a series of
acquisitions, the impact of stock-based compensation, impairment charges and other
corporate events, including the impact on revenue of the ongoing investigation into
Symantec’s compliance with certain provisions of its 2007 GSA contract. 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 supplemental 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 can be found, along with other financial information, on the investor relations’
page of our website at www.symantec.com/invest.
3
5. Protects more than 1 billion systems
Secures 8 billion email messages and
1.4 billion web requests a day
Ninety-nine percent of Fortune 1000 companies
are Symantec customers
The largest backup and recovery company on the planet
5
Operates the largest civilian threat intelligence
platform in the world
6. Investment Thesis
• Improve growth profile and increase profitability to create
shareholder value
• Strong cash flow generation and balance sheet to allocate
towards growth initiatives
• Continuing to return significant cash to shareholders with 90%
of FCF returned through dividends and buybacks in FY14
• Market-leading brands across security and information
management for the endpoint and data center
• Serving global base of customers from consumers to large
enterprises and governments
• Operating in vibrant and growing markets – mobile, cloud,
appliances, backup, DLP, MSS, and authentication
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7. Progress Achieved in FY14
• Delivered revenue at the
high end of guidance and
exceeded guidance on
operating margin and EPS
• Implemented the right
changes to our go-to-
market capabilities
• Salesforce building
pipelines and relationships
drove improvement in new
business, renewals, and Y/Y
billings trends in each of the
past 2 quarters as expected
• Reduced costs resulting in
improved operating margin
of 160 bps with path to
further expansion ahead
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4Q14 FY2014
Non-GAAP Revenue1 $1,650 $6,701
Deferred Revenue $3,903 $3,903
Non-GAAP Operating Margin1 27.3% 27.5%
Non-GAAP EPS1 47¢ $1.92
-16%
-9%
-3%
-20%
-16%
-12%
-8%
-4%
0%
$1.60
$1.62
$1.64
$1.66
$1.68
$1.70
$1.72
2Q14 3Q14 4Q14
ImpliedY/YBillingsGrowth
$inbillions
Revenue
Implied Y/Y
Billings Growth
1Non-GAAP financial measure. See www.symantec.com/invest for a reconciliation to the applicable GAAP financial measure
8. 1Q15 and FY15 Guidance
• Expect revenue to grow during 2H15 driven by improved direct and renewal sales
activity, benefits from channel programs and new product launches
• Expect to hit 30% non-GAAP operating margin by 4Q15 by implementing efficiencies
• Expect Y/Y billings growth to return in 2Q15 one year since reorganizing salesforce
and billings to grow at moderate rate during 2H15
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1Q151 FY20151
Revenue $1,650 - $1,690 $6,630 - $6,770
Non-GAAP Operating Margin2 24.1% - 24.5% 27.7% - 28.2%
Non-GAAP EPS2 41¢ - 43¢ $1.84 - $1.92
1Guidance as of May 8, 2014
2Non-GAAP financial measure. See www.symantec.com/invest for a reconciliation to the applicable GAAP financial measure
9. Identified Five Priorities
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Optimize Our Businesses Based on Lifecycle & Growth1
Prioritize Investments for Growth2
Further Reduce Costs and Improve Efficiencies3
Round Out Our Executive Team4
Return Significant Cash to Shareholders5
• Taken steps to strengthen the company and accelerate the pace of our
transformation
• Several opportunities to improve our growth profile, maximize profitability,
and create value
10. • ~$650M business
• High margin business
• Lower growth potential
• Includes Storage Foundation and Cluster
Server
#1 – Optimize Our Businesses Based on Lifecycle & Growth
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Information Availability
• Highly profitable ~$2B business in a
mature, low growth market
• Forming a business unit under Fran Rosch
• Enhancing franchise value while improving
margin and cash generation through more
focused leadership
• Examples include:
– Reducing 7 products to 2, to simplify
customer purchase and renewal
decisions
– Optimizing eCommerce direct to
consumer channel
Norton
• Methodically evaluating every product line to balance profitability against growth
• Some businesses are ideal for improving operating margin while others are best
positioned for growth
• Proactively optimizing more mature, lower growth potential businesses to expand
operating margin
• Deploy savings and prioritize investments against growth objectives in enterprise areas
11. #2 – Prioritize Investments for Growth
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• Accelerate growth through prioritizing investments in backup, storage
management and security
• Shifted resource funding in R&D budget to put more dollars behind the most
promising market opportunities
• Market leader with 30%
market share in backup,
according to IDC
• Growth has outpaced
market over past few years
• NetBackup appliance is one
of our fastest growing
businesses, up 27% Y/Y
• Bringing differentiated
appliances to market
• Investing in what we
anticipate will be multi-
billion dollar markets:
– Software defined
storage
– Object storage
– DRaaS
Backup Storage Management
• Expanding from “prevention” to
“detection & response” to solve
the advanced threat detection
problem in a differentiated way
• Mobile is up 76% Y/Y
• Seeing growth in Trust Services,
DLP, & MSS
• Launching an ATP service to
connect endpoint security to
third party gateways through
MSS
• Introducing Synapse, which
integrates telemetry data
across endpoints, gateways, &
email to reduce false positives
& operating costs for customers
Security
12. Product Delivery for FY15
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• Released NBU, the only
backup product designed for
enterprise level scale, which
can accommodate hundreds
of thousands of virtual
machines and petabytes of
data while giving customers
400x faster recovery
• Released Storage
Foundation, which includes
disruptive new capability
that abstracts in-server
memory, allowing the
sharing of flash storage
across servers without the
need for expensive storage
hardware
Backup Storage Management
• Released mobile workforce
productivity, which
integrates application &
device management
capabilities into a holistic
solutions for the enterprise
Security
• Releasing:
– Appliances
– Backup Exec 2014
– Enterprise Vault 11.0
• Releasing Disaster Recovery
Orchestrator to MSFT Azure
• Launched MSS ATP service
• Will be offering ATP solution
• DLP & mobile security integration
in Mobile App Center
• Extending DLP by tiers, reducing
its footprint & making it more
cost effective
• Extending capabilities of Secure
Gateway; including ATP in SEP
• Releasing Data Center Security &
Data Insight 5.0
2H14FY15
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13. #3 – Further Reduce Costs and Improve Efficiencies
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• We’ve identified 8 new initiatives to further optimize our cost structure,
improve efficiencies across the company and drive higher revenue
• Increase R&D efficiencies
• Improve new business & renewal
productivity
• Optimize economics of channel
programs
• Rigor on license compliance
• Pricing optimization
Efficiency Improvements
• Consolidation of our global
footprint
• Reduce number of data centers
• Streamline product support
Cost Reductions
14. #4 – Round Out Executive Team
• We have a team of talented business & technology leaders
• We continue to round out our executive team
• We are running an active search for a Chief Products Officer
• The board is leading an active process to find a permanent CEO
– We’ve retained Russell Reynolds as our executive search firm
• The board’s ideal candidate will have the following attributes:
– Understanding of the technology landscape
– Expertise growing a multi-product business at scale
– Strong record of collaborative leadership
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15. #5 – Return Significant Cash to Shareholders
• Over the past 10
years, we’ve
repurchased over
$10 billion of our
shares
• In FY14, we returned
90% of our free cash
flow, or $918 million,
to shareholders
• In FY15, we expect to
return significant
cash to shareholders
of approx. $900
million in the form of
dividends and share
buybacks
15
Returned >$10B to Shareholders Since FY05
$192
$3,628
$2,846
$1,500
$700
$553
$870 $893
$826
$918
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
$inmillions
Dividends
Buybacks
16. Capital Allocation Strategy
• Our long-term objective is to return approximately 50% of free
cash flow to shareholders through dividends and share
repurchases
– Substantial cash flow generation
– About 40% of cash is held onshore
• Strong balance sheet and financial flexibility
– $2.1 billion in investment grade debt
• Investments in technology acquisitions that complement
products
• Allocate resources to growth areas such as cloud, mobile and
appliances
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17. 17
We make the world a safer place
by helping people, businesses, and governments
protect and manage their information, so they
can focus on achieving their goals.
