Financial Analyst Day – June 30, 2011

NetApp Strategic Overview Tom Georgens

President & CEO

Building Business Momentum

Broad solutions portfolio

Industry-leading partners

Distribution in 150 countries

11,000+ employees

20% 5-year CAGR

Net assets: $8.5B

Cash & investments: $5.2B

$2.1B

$2.8B

$3.3B $3.5B

$3.9B

$5.1B

FY'06 FY'07 FY'08 FY'09 FY'10 FY'11*

Revenue

*Represents adoption of new revenue recognition standards in FY11

Strong Geo Performance

FY11* Revenue Growth

Americas 31%

– USPS 47%

– Commercial 26%

EMEA 29%

APAC 28%

*Represents adoption of new revenue recognition standards in FY11

Separating from the Pack

Dell, 0%

Dell, -12%

HP, 10%

HP, 1%

IBM, 9%

IBM, 1%

EMC, 18%

EMC, 17%

NetApp, 30%

NetApp, 45%

Compared

to 2 years

ago

Most Recent 4 Quarters Revenue Growth

Compared

to 1 year

ago

Updated 5.18.11: YoY growth numbers of the storage business

NTAP: FY’11 Apr’11; DELL: FQ2'11-Q1'12 ending Apr’11; HPQ: FQ3'10-FQ2'11 ending Apr’11; EMC: FQ2'10-FQ1'11 ending Mar’11; IBM FQ2'10-FQ1'11 ending Mar’11.

Growing Market Share

0%

5%

10%

15%

20%

25%

30%

35%

2004 2005 2006 2007 2008 2009 2010 YTD'11

Source: IDC, June 2011; FAS equals the combined NAS and SAN markets

EMC 30.8%

NetApp 16.1%

IBM 11.5%

HP 10%

Dell 7.5%

FAS Revenue Market Share

NetApp Momentum in Virtual Environments

Forrester Global Virtual Server Environments Surveys Q: Which vendor(s) supplied the networked storage used for your virtual server environment

2008 2010

“Storage Choices For Virtual Server Environments”, Forrester Research

Inc., January 15, 2009

“Storage Choices For Virtual Server Environments, Q1, 2011”, Forrester

Research Inc., March 15, 2011

Culture as a Competitive Differentiator

EMEA

Switzerland #2

United Kingdom #2

France #4

Netherlands #5

Germany #8

North America

Canada #2

USA #5

APAC

Australia #3

Japan #8

India #10

Opportunity

Growth Companies of Scale

Fortune 1000 + Global 2000 High Tech Companies with $5B+ revenues and 20%+ five year organic CAGR

Multiple Growth Opportunities

We can double in our current markets

Large growing market

No dominant player

Significant opportunity in S5000 and MSE

Many under-penetrated geographies

Abundant partner opportunities

Emerging high growth workloads

How We Think about Acquisitions

Acquisition Criteria

Affinity

Adjacency

Framework for Growth

Framework for Growth

Establishing indisputable innovation leadership in

our chosen markets

Building the GTM breadth to exploit

the technology advantage

Building the support, services and processes

scale to support growth

Developing the best team possible

Framework for Growth

Establishing indisputable innovation leadership in

our chosen markets

Building the GTM breadth to exploit

the technology advantage

Building the support, services and processes

scale to support growth

Developing the best team possible

Innovation Fuels Our Growth

FY10 FY95 FY00 FY05

Revenue

Tech

Computing

Business

Applications

Storage

Efficiency

Shared Virtual

Infrastructure

File

Services

Unified

Architecture

at Scale

Private &

Public Cloud

Big Data

Framework for Growth

Establishing indisputable innovation leadership in

our chosen markets

Building the GTM breadth to exploit

the technology advantage

Building the support, services and processes

scale to support growth

Developing the best team possible

Framework for Growth

Establishing indisputable innovation leadership in

our chosen markets

Building the GTM breadth to exploit

the technology advantage

Building the support, services and processes

scale to support growth

Developing the best team possible

Channel Diversification Selling How Customers Want to Buy

Direct

Full Line Supplier/OEM

Distributor/VAR

Global/Federal Systems Integrator

IT-as-a-Service/Cloud

Innovation Stack

Server & Networking

Storage

Applications

Management

OS & Virtualization

Framework for Growth

Establishing indisputable innovation leadership in

our chosen markets

Building the GTM breadth to exploit

the technology advantage

Building the support, services and processes

scale to support growth

Developing the best team possible

Framework for Growth

Establishing indisputable innovation leadership in

our chosen markets

Building the GTM breadth to exploit

the technology advantage

Building the support, services and processes

scale to support growth

Developing the best team possible

Framework for Growth

Establishing indisputable innovation leadership in

our chosen markets

Building the GTM breadth to exploit

the technology advantage

Building the support, services and processes

scale to support growth

Developing the best team possible

FY’12 Priorities

Expand our market share

Drive business velocity by innovating everywhere

Strengthen our culture as a sustainable differentiator