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Symantec Corporate Presentation May 31, 2013


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Symantec Corporate Presentation May 31, 2013

  1. 1. Corporate Presentation
  2. 2. 2Forward Looking StatementsThis presentation contains statements regarding our intention to execute a new strategy, implement operational andorganizational changes and our projected financial and business results, as well as our intention to return cash toshareholders through dividends and continued share buyback activity, which may be considered forward‐lookingwithin the meaning of the U.S. federal securities laws. These statements are subject to known and unknownrisks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievementsto 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 withregard to security and storage; the competitive environment in the software industry; changes to operating systemsand product strategy by vendors of operating systems; fluctuations in currency exchange rates; the timing and marketacceptance of new product releases and upgrades; the successful development of new products and integration ofacquired businesses; and the degree to which these products and businesses gain market acceptance. Actual resultsmay differ materially from those contained in the forward‐looking statements in this presentation. Additionalinformation concerning these and other risk factors is contained in the Risk Factors section of our Form 10‐K for theyear ended March 29, 2013.Any information regarding pre-release Symantec offerings, future updates or other planned modifications is subject toongoing evaluation by Symantec and therefore subject to change. This information is provided without warranty of anykind, express or implied. Customers who purchase Symantec offerings should make their purchase decision basedupon features that are currently available.We assume no obligation to update any forward‐looking information contained in this presentation.
  3. 3. 3Use of GAAP and Non-GAAP Financial InformationOur results of operations have undergone significant changes due to a series of acquisitions, the impact of SFAS123(R), impairment charges and other corporate events. To help our readers understand our past financial performanceand our future results, we supplement the financial results that we provide in accordance with generally acceptedaccounting principles, or GAAP, with non‐GAAP financial measures. The method we use to produce non‐GAAP results isnot computed according to GAAP and may differ from the methods used by other companies. Our non‐GAAP resultsare not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read onlyin 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 ourbusiness and make operating decisions. These non‐GAAP measures are among the primary factors management uses inplanning for and forecasting future periods. Investors are encouraged to review the reconciliation of our non‐GAAPfinancial measures to the comparable GAAP results, which is attached to the financial review presentation, and whichcan also be found, along with other financial information, on the investor relations page of our website
  4. 4. Presentation Identifier Goes HereFounded in 1982IPO in 1989Approximately 21,500 EmployeesOperations in more than 50 Countries#379 on the 2013 Fortune 500100 Percent of Fortune 500 Companiesare Customers$6.9 Billion Revenue in FY2013;Approximately 52% Outside of the U.S.More Than 1,900 Global PatentsInvests 14% of Annual Revenue in R&D** R&D Investments is Non-GAAP4
  5. 5. 5
  6. 6. 6Key Symantec StrengthsStrongAssetsDeep Expertiseand CapabilityPortfolio ofLeadingProductsStrong BrandsReach andInstalled Base6
  7. 7. 7Financial Strength – FY13 Business SnapshotRevenue Mix by GeographyAmericas 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 SegmentConsumer31%29%Security &Compliance36%Storage &ServerMgmt4%Services7*Organic FX adjusted Y/Y Revenue Growth
  8. 8. Corporate ResponsibilityInvesting in the community, workplace and environment• Energy-saving Green IT solutions• 20 LEED-certified buildings globally• 12 Energy Star buildings globally• Established employee Green Teams• #40 NewsWeek Green Rankings• STEM Education, OnlineSafety, Diversity, Environment• $24 M philanthropy in FY13• More than 25,000 hours volunteered• Annual Code of Conduct training• Signatory UN Global Compact• 100% Human Rights Campaign CorporateEquality Index• Signatory, Women’s Empowerment Principles• FTSE4Good Global Index• Dow Jones Sustainability Index –North America and World• 2013 World’s Most Ethical Companies8
  9. 9. 9Reliability ofthe PublicInfrastructureControl ofIdentities &PrivacyFinancialIntegrityIntellectualPropertyProtectingWhatMatters9
  10. 10. Presentation Identifier Goes Here 10Global Intelligence NetworkIdentifies more threats + takes action faster + prevents impactGlobal Scope and Scale 24x7 Event LoggingWorldwide CoverageRapid DetectionThreat Activity Malcode Intelligence Vulnerabilities Spam/Phishing240,000+ Sensors200+ Countries133M Client, Server,GatewayGlobal Coverage40,000+ Vulnerabilities14,000 Vendors105,000+ Technologies5M Decoy Accounts8B+ Email Messages/Daily1B+ Web Requests/DailyInformation Protection Threat Triggered ActionsPreemptive Security Alerts10
  11. 11. 11”Enabling people, businesses andcountries… to protect and managetheir digital information… so theycan focus their time and energyachieving their aspirations
  12. 12. 12Revolutionizing Our Business For YouMeet Customer Needs that Matter TodayProvide Unique Customer AdvantagesStrengthened OfferingsThree Newly-Focused Areas12
  13. 13. 134.0How We WinBest of Need Scale Integration Cross Platform13
  14. 14. 14We Will Strengthen Our Offerings:More R&DBetter andEasierCustomerExperienceNew OfferingsRight-for-MeOfferingBetter MeetCustomerNeeds . . .Faster OrganicGrowth
  15. 15. 15We Will Strengthen Our Offerings:More R&DLeverageInnovationZero-basedmindsetMoreInnovation• Whole company scope• Resource best growthopportunities• Eliminate redundancy• Increase R&D spend• Redeploy and hire• Advanced researchCenter ofExcellenceFile SystemsDLPEncryptionEndpointProtectionSecurity IntelligenceMore R&DBetter andEasierCustomerExperienceNew OfferingsRight-for-MeOfferingBetter MeetCustomerNeeds . . .Faster OrganicGrowth
  16. 16. 16We Will Strengthen Our Offerings:Better and Easier Customer ExperienceMore R&DBetter andEasierCustomerExperienceNew OfferingsRight-for-MeOfferingBetter MeetCustomerNeeds . . .Faster OrganicGrowth• Focus product teams onend-to-end customer useexperience• Simplified licensing• Self-healing technologyToUse, UpgradeandMaintainTo Get Helpand Support• Simplified support options• Expanded supportchannels ex.Web, chat, communitysupport• Knowledge management
  17. 17. 17We Will Strengthen Our Offerings:Right-For-Me-OfferingsMore R&DBetter andEasierCustomerExperienceNew OfferingsRight-for-MeOfferingBetter MeetCustomerNeeds . . .Faster OrganicGrowthTailoredOfferingsChoice ofDeploymentOption• Software• Appliance• Cloud• Hybrids• Consumers• SmallBusinesses• LargeEnterprise• Governments• Geographies• SpecificIndustries…verticals
  18. 18. 18New Offerings Will Address broader Customer NeedsMore R&DBetter andEasierCustomerExperienceNew OfferingsRight-for-MeOfferingBetter MeetCustomerNeeds . . .Faster OrganicGrowth•Integrated, modular, solvingbigger jobs•Customer can buy existingproducts OR new integratedofferings•Turn on new capability asneeded
  19. 19. 19Symantec Addresses Unmet, Underserved Needs InThree AreasMake it simple for me to be productive& protected at home and workKeep my business safe and compliantKeep my business information andapplications up and runningUser Productivity & ProtectionInformation SecurityInformation Management:Availability & Scalability
  20. 20. 20New Current Offerings Map to Customer JobsUser Productivity & ProtectionInformation SecurityInformation Management:Availability & ScalabilityEnterprise MobilityEndpoint EncryptionUser AuthenticationNorton 360Norton Mobile SecurityNorton Data ServicesEndpoint ProtectionControl Compliance SuiteCritical System ProtectionTrust ServicesManaged Security ServicesData Loss PreventionMail and Web SecurityO3Backup ExecBE.cloudFileStoreStorage Foundation HANetBackupEnterprise Vault/eDiscoveryCurrent Offering Examples20
  21. 21. 21We Will Deliver New Integrated, Modular OfferingsOver the Next 6-24 MonthsUser Productivity & ProtectionInformation SecurityInformation Management:Availability & ScalabilityMobile Workforce ProductivityNorton ProtectionNorton CloudInformation Security ServiceIdentity/Content-aware Security GatewayData Center SecurityBusiness ContinuityIntegrated BackupObject Storage PlatformNew Higher-Value Offerings21
  22. 22. 22User Productivity & Protection Higher-Value Offering:Mobile Workforce ProductivityEnables authorized users to access corporate resources from any corporate orpersonal mobile device, PC or Mac while protectingdata, applications, devices and identitiesEmployee Owned/BYODCorporate OwnedEnterprise ApplicationsCloud Services• Endpoint protection• Corporate• Personal• Mobile device management• Mobile container• Mobile applicationManagement• Enterprise app store• Endpoint encryption• Endpoint DLP• User authenticationIntegrated22
  23. 23. 23Information Security Higher-Value Offering:Information Security ServiceProvides visibility into, and comprehensive protection from, advancedthreats leveraging Symantec and 3rd-party productsEnterprise AppsSymantec Security Offerings3rd-Party Products and ToolsSymantec Global SecurityIntelligence Network• Analysis• Correlation• Visibility• Dashboard• Threat Detection• Prioritization andWorkflow• Incident Management• Risk ManagementIntegrated23
  24. 24. 24Information Management Higher-Value Offering:Business ContinuityApplicationsPlatformsStorage• Windows Backup• Unix/Linux Backup• Virtual Backup• Clustering• Virtual HA• Replication• Disaster Recovery• Service OrchestrationIntegratedDelivers high availability, performance, and scalability for businessapplications in virtual, private cloud environments24
  25. 25. 25Simplified Go-to-Market (GTM) StrategyCustomer SegmentCommercialNorton Consumer andSmall BusinessEnterpriseGlobal• Global & Enterprise… Symantec direct + Customerled channel involvement• Channel-led… dedicated Symantec team support• Combination of direct through e-business andchannel-ledApplied “Right for GEO” manner25
  26. 26. 26New 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 partnerenablement organization• New, enhanced partnerprogram- More selective based oncapabilities- Better enablement &Symantec support- New performance-basedincentives• Expanded Marketing- Total customer experience- New centers of excellence- Strategic Pricing & LicensingOfferings CustomersBeyondCurrentPointProducts toIntegratedOfferingsBeyondShort-TermBookings toLastingCustomerValue26
  27. 27. Organization SimplificationAddressing spans and layersExecuted in 3 wavesCompleted by July27
  28. 28. 28Financial ObjectivesOrganic growth greater than 5% in FY15-FY17Planning on 5 quarters of transitionNon-GAAP operating margins grow 200 bps inFY14 & FY15Return approximately 50% of FCF to shareholdersthrough dividends and share repurchases28
  29. 29. 29How This Benefits CustomersHow TheyWant to BuyRight-for-MeOfferingsSolve BiggerProblemsBetter andEasier29
  30. 30. 30Contact Investor RelationsHelyn CorcosVice President(650)527-5523hcorcos@symantec.comShaila VemuluriManager(650)527-6273shailaja_vemuluri@symantec.comJared ChristensenManager(650)527-4536jared_christensen@symantec.com30