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Symantec Corporate Presentation
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Corporate Presentation
2
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 29, 2013.‐
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.‐
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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.
Presentation Identifier Goes Here
Founded in 1982
IPO in 1989
Approximately 21,500 Employees
Operations in more than 50 Countries
#379 on the 2013 Fortune 500
100 Percent of Fortune 500 Companies are Customers
$6.9 Billion Revenue in FY2013; Approximately 52% Outside of the U.S.
More Than 1,900 Global Patents
Invests 14% of Annual Revenue in R&D*
* R&D Investments is Non-GAAP
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Key Symantec Strengths
Strong Assets
Deep Expertise and Capability
Portfolio of Leading Products
Strong Brands Reach and
Installed Base
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Financial Strength – FY13 Business Snapshot
Revenue Mix by Geography
Americas EMEA APJ54% 27% 19%
SegmentRevenue $ (in millions)
Y/Y Growth (FX adjusted)
Storage & Server Management $2,479 5%Consumer $2,109 2%Security & Compliance $2,053 7%Services $265 7%FY13 $6.9 billion 3%*
Revenue Mix by Segment
Consumer
31%
29%Security &
Compliance
36%
Storage &Server Mgmt
4%Services
7*Organic FX adjusted Y/Y Revenue Growth
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Corporate ResponsibilityInvesting in the community, workplace and environment
• STEM Education, Online Safety, Diversity, Environment
• $24M philanthropy in FY13
• More than 25,000 hours volunteered
• Annual Code of Conduct training
• Signatory UN Global Compact
• 100% Human Rights Campaign Corporate Equality Index
• Signatory, Women’s Empowerment Principles
• FTSE4Good Global Index
• Dow Jones Sustainability Index – North America and World
• 2013 World’s Most Ethical Companies
• Energy-saving Green IT solutions
• 20 LEED-certified buildings globally
• 12 Energy Star buildings globally
• Established employee Green Teams
• #40 NewsWeek Green Rankings
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Reliability of the Public
Infrastructure
Control of Identities &
Privacy
Financial Integrity
Intellectual Property
ProtectingWhatMatters
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Presentation Identifier Goes Here 10
Global Intelligence NetworkIdentifies more threats + takes action faster + prevents impact
Global Scope and Scale 24x7 Event LoggingWorldwide Coverage
Rapid Detection
Threat Activity Malcode Intelligence Vulnerabilities Spam/Phishing240,000+ Sensors200+ Countries
133M Client, Server, GatewayGlobal Coverage
40,000+ Vulnerabilities14,000 Vendors105,000+ Technologies
5M Decoy Accounts8B+ Email Messages/Daily1B+ Web Requests/Daily
Information Protection Threat Triggered ActionsPreemptive Security Alerts
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Enabling people, businesses and countries… to protect and manage their digital information… so they can focus their time and energy
achieving their aspirations
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Revolutionizing Our Business For You
Meet Customer Needs that Matter Today
Provide Unique Customer Advantages
Strengthened Offerings
Three Newly-Focused Areas12
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How We WinBest of Need Scale Integration Cross Platform
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We Will Strengthen Our Offerings:
More R&D
Better and Easier
Customer Experience
New Offerings
Right-for-Me Offering
Better Meet Customer Needs . . .
Faster Organic Growth
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We Will Strengthen Our Offerings: More R&D
Leverage Innovation
Zero-based mindset
More Innovation
• Whole company scope• Resource best growth
opportunities• Eliminate redundancy
• Increase R&D spend
• Redeploy and hire• Advanced research
Center of Excellence
File Systems
DLP
Encryption
EndpointProtection
Security Intelligence
More R&D
Better and Easier
Customer Experience
New Offerings
Right-for-Me Offering
Better Meet Customer Needs . . .
Faster Organic Growth
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We Will Strengthen Our Offerings: Better and Easier Customer Experience
More R&D
Better and Easier
Customer Experience
New Offerings
Right-for-Me Offering
Better Meet Customer Needs . . .
Faster Organic Growth
• Focus product teams on end-to-end customer use experience
• Simplified licensing
• Self-healing technology
To Use, Upgrade
and Maintain
To Get Help and Support
• Simplified support options
• Expanded support channels ex. Web, chat, community support
• Knowledge management
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We Will Strengthen Our Offerings: Right-For-Me-Offerings
More R&D
Better and Easier
Customer Experience
New Offerings
Right-for-Me Offering
Better Meet Customer Needs . . .
Faster Organic Growth
Tailored Offerings
Choice of Deployment
Option
• Software
• Appliance
• Cloud
• Hybrids
• Consumers
• Small Businesses
• Large Enterprise
• Governments
• Geographies
• Specific Industries…verticals
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New Offerings Will Address broader Customer Needs
More R&D
Better and Easier
Customer Experience
New Offerings
Right-for-Me Offering
Better Meet Customer Needs . . .
Faster Organic Growth
• Integrated, modular, solving bigger jobs
•Customer can buy existing products OR new integrated offerings
•Turn on new capability as needed
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Symantec Addresses Unmet, Underserved Needs In Three Areas
Make it simple for me to be productive & protected at home and work
Keep my business safe and compliant
Keep my business information and applications up and running
User Productivity & Protection
Information Security
Information Management: Availability & Scalability
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New Current Offerings Map to Customer Jobs
User Productivity & Protection
Information Security
Information Management: Availability & Scalability
Enterprise MobilityEndpoint EncryptionUser Authentication
Norton 360Norton Mobile SecurityNorton Data ServicesEndpoint Protection
Control Compliance SuiteCritical System ProtectionTrust Services
Managed Security ServicesData Loss PreventionMail and Web SecurityO3
Backup ExecBE.cloudFileStore
Storage Foundation HANetBackupEnterprise Vault/eDiscovery
Current Offering Examples
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We Will Deliver New Integrated, Modular Offerings Over the Next 6-24 Months
User Productivity & Protection
Information Security
Information Management: Availability & Scalability
Mobile Workforce ProductivityNorton ProtectionNorton Cloud
Information Security ServiceIdentity/Content-aware Security GatewayData Center Security
Business ContinuityIntegrated BackupObject Storage Platform
New Higher-Value Offerings
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User Productivity & Protection Higher-Value Offering:
Mobile Workforce ProductivityEnables authorized users to access corporate resources from any corporate or personal mobile device, PC or Mac while protecting data, applications,
devices and identities
Employee Owned/BYOD
Corporate Owned
Enterprise Applications
Cloud Services
• Endpoint protection• Corporate• Personal
• Mobile device management• Mobile container• Mobile application
Management• Enterprise app store• Endpoint encryption• Endpoint DLP • User authentication
Integrated
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Information Security Higher-Value Offering: Information Security Service
Provides visibility into, and comprehensive protection from, advanced threats leveraging Symantec and 3rd-party products
Enterprise Apps
Symantec Security Offerings
3rd-Party Products and Tools
Symantec Global Security Intelligence Network
• Analysis
• Correlation
• Visibility
• Dashboard
• Threat Detection
• Prioritization and Workflow
• Incident Management
• Risk Management
Integrated
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Information Management Higher-Value Offering: Business Continuity
Applications
Platforms
Storage
• Windows Backup
• Unix/Linux Backup
• Virtual Backup
• Clustering
• Virtual HA
• Replication
• Disaster Recovery
• Service Orchestration
Integrated
Delivers high availability, performance, and scalability for business applications in virtual, private cloud environments
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Simplified Go-to-Market (GTM) Strategy
Customer Segment
Commercial
Norton Consumer andSmall Business
Enterprise
Global
•Global & Enterprise… Symantec direct + Customer led channel involvement
• Channel-led… dedicated Symantec team support
• Combination of direct through e-business and channel-led
Applied “Right for GEO” manner25
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New Marketing and Sales Capabilities
• Expanded high quality/ lower cost models- Telesales- e-Business- In product
• New business growth- Field paid only on new over time- Separate renewals org
• New global sales and partner enablement organization
• New, enhanced partner program- More selective based on
capabilities- Better enablement &
Symantec support- New performance-based
incentives
• Expanded Marketing- Total customer experience- New centers of excellence- Strategic Pricing & Licensing
Offerings Customers
Beyond Current
Point Products to Integrated Offerings
Beyond Short-Term Bookings to
Lasting Customer
Value
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Organization Simplification
Addressing spans and layers
Executed in 3 waves
Completed by July
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Financial Objectives
Organic growth greater than 5% in FY15-FY17
Planning on 5 quarters of transition
Non-GAAP operating margins grow 200 bps in FY14 & FY15
Return approximately 50% of FCF to shareholders through dividends and share repurchases
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How This Benefits Customers
How They Want to Buy
Right-for-Me Offerings
Solve Bigger Problems
Better and Easier
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Contact Investor Relations
Helyn CorcosVice President(650)[email protected]
Shaila VemuluriManager(650)[email protected]
Jared ChristensenManager(650)[email protected]
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