Financial Objectives James Beer EVP & Chief Financial Officer 1 Forward Looking Statements This presentation contains statements regarding our projected financial and business results, 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. Any forward looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Please note this is general information for investment purposes only. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions. We assume no obligation to update any forward looking information contained in this presentation. 2 1
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 Revenue Growth Targets Prior Projections FY14 Targets as of 5/2011 FY12 Results 1 Current Projections FY15 Targets as of 5/2012 Consumer Growth Mid Single 5% Mid Single Security & Compliance Growth Mid to High Single 17% Mid to High Single Information Management Growth Mid to High Single 7% Mid to High Single Storage Management Growth Flat to Down Low Single 6% Flat to Down Low Single We expect weakness in PC shipments in developed markets to be offset by continued upsell/cross sell of our customer base and the expansion of our emerging consumer products and services The FY12 Security & Compliance results reflect, in part, the impact of recent acquisitions Information Management continues to meet our expectations driven by appliance and backup growth 1. Growth rates in constant currency 4 2
3 Year Revenue and EPS Targets Prior Projections FY14 Targets as of 5/2011 FY12 Results 1 Current Projections FY15 Targets as of 5/2012 Revenue Growth 7 8% 6% 7 8% Non GAAP EPS Growth 9 11% 13% 9 11% We expect 1 2 points of revenue growth to come from future M&A We are forecasting EPS growth driven by: Net income growth Continued share repurchases 1. Growth rates in constant currency for revenue and as reported for Non GAAP EPS 5 Changing Enterprise Revenue Mix ($M) 5,000 4,000 3,000 2,000 1,000 40% 429 37% 585 835 934 2% 908 7% 869 1% 4% 2,752 2,744 2,923 Subscriptions License Maintenance 0 In FY12, subscription revenue became a larger share of total revenue as we made more SaaS, MSS and authentication sales The transition towards subscription has shifted more sales to the balance sheet Licenses declined due to continued headwinds in our storage management business Values are GAAP in USD as reported, growth rates in constant currency 6 3
Organic Constant Currency Non GAAP Revenue Growth 1 2% 0% 1.2% 1.4% 2% 4% 6% 5.3% Organic revenue growth continues to be the primary focus for the management team Our organic growth drivers include: Appliances Integrated backup/archiving/ediscovery DLP/encryption/compliance/user authentication Emerging consumer solutions SaaS SMB 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 7 FY12 Organic Constant Currency Non GAAP Revenue Breakdown by Growth Rate 1 30% 15% 23% 0% 10% 5% 15% $1.8B of Revenue is Declining $4.3B of Revenue is Growing 0 9% $700M of Revenue is Growing 10+% Three quarters of our business is growing organically We are growing our backup, consumer security and enterprise security core businesses at single digit rates Our businesses that have been declining are being run for cash generation, profitability and in support of key customer relationships See appendix for product level details by growth rate 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 8 4
Businesses with Revenue Growth Greater than 10% We are driving double digit organic growth in our emerging businesses Consumer Services (Norton Data, NortonLive & Mobile) Business Critical Services FY12 Non GAAP Growth Rates 1 FY12 GAAP Revenue ($M) 106 121 Managed Security Services 89 DLP, Encryption, Compliance & User Authentication 0% 15% 30% 45% 60% Total: 385 702 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 9 FY12 Non GAAP Operating Margin 25.5% 25.0% 24.5% (10bps) 100bps 24.0% 24.8% (120bps) 10bps 60bps 25.2% 23.5% 23.0% FY11 as reported M&A Dilution Growth Investments Commissions FX Core Cost Savings FY12 as reported We continue to improve the cost efficiency of our core businesses while investing in our emerging growth areas These emerging growth businesses will drive positive NPV, but may generate lower margin profiles than our traditional on premise software businesses We will grow operating margins over time as our emerging businesses scale and we continue to drive productivity in the core See appendix for non GAAP reconciliation 10 5
FY12 Cost Structure 65% 52% 39% 26% 13% Non GAAP OpEx by Category as a % of Revenue 5% 13% 6% 6% 13% 14% 39% 41% 41% $285 $265 $245 Consumer OEM Placement Fees ($M) 235 285 276 280 262 0% $225 FY13 E S&M R&D G&A Non GAAP Op Margin We increased R&D spending as we executed on our vision We will continue to tightly manage our costs across the company S&M: ongoing sales force efficiencies reduced management; consolidated specialist groups R&D: offshoring; consolidating onshore centers; support center consolidation; support infrastructure upgrades G&A: ongoing real estate consolidation, process automation, IT cost reduction, procurement efficiencies, ongoing M&A integration opportunities OEM fees may increase YoY if PC shipments rebound in emerging markets See appendix for non GAAP reconciliation 11 Cash Flow and Cash Balance 2,000 1,900 1,800 1,700 1,600 1,500 Cash Flow from Operations CFFO ($M) Cash Flow Generation YoY Growth as Reported We continue to generate strong cash flow primarily driven by high renewal rates in our core businesses We expect our cash flow to continue to grow 8% 6% 4% 2% 0% 3,044 2,958 1,830 1,214 Year End Cash Balance by Location ($M) 1,381 1,577 3,194 843 2,351 Cash Balance Offshore Onshore With the sale of our stake in the China joint venture our offshore cash balance rose to represent 72% of our total balance 12 6
Capital Allocation Strategy Share Buybacks 1,000 25.00 800 600 20.00 400 15.00 200 0 10.00 Share Repurchase Amount ($M) Average Price per Share ($) 2,000 1,500 1,000 500 0 Annual M&A Spending ($M) $1,538 $516 $42 We remain committed to returning value to shareholders through our share repurchase program $1 billion share repurchase program approved in January 2012 We are expecting to spend approximately $500 to 750 million on acquisitions in FY13 We continue to focus on acquiring companies at prices that will allow us to generate a strong positive NPV We plan to refinance $1 billion in convertible debt outstanding ahead of the June 2013 maturity 13 Summary Drive organic top line growth in our core businesses and capitalize on the key emerging growth areas Tightly manage expenses and simplify our operating procedures Expand operating profit by driving scale in our emerging growth products and services, and by improving productivity in our core businesses Acquire and integrate new businesses and technologies to drive growth and accelerate the execution of our strategy Return value to shareholders through share buybacks 14 7
Appendix 15 Business Segment Growth Detail YoY Constant Currency Growth YoY Organic Constant Currency Non GAAP Growth 1 Revenue is growing 10+% FY12 GAAP Rev ($M) FY11 GAAP Rev ($M) % of Total Services (Norton Data, NortonLive & Mobile) 106 69 52% 52% 5% DLP, Encryption, Compliance & User Auth 385 298 27% 15% 20% Managed Security Services 89 72 22% 22% 5% Business Critical Services 121 92 30% 30% 48% Total 702 23.3% Revenue is Growing 0 9% NIS 840 755 8% 8% 40% N360 822 751 7% 7% 39% Endpoint Security 750 731 0% 0% 38% Trust Services 288 91 211% 4% 15% SaaS 186 169 7% 5% 9% NetBackup 905 851 4% 4% 38% Backup Exec 463 429 5% 5% 19% Total 4,254 4.8% Revenue is Declining NAV 230 245 (8%) (8%) 11% Other Consumer 106 133 (22%) (22%) 5% Endpoint Management 263 275 (6%) (6%) 13% Archiving and ediscovery 262 216 19% (6%) 11% Storage Foundation 577 601 (6%) (6%) 24% Cluster Server 203 207 (4%) (4%) 8% Consulting 88 159 (46%) (46%) 35% Education 42 41 (1%) (1%) 17% Total 1,771 (10.4%) 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 16 8
Segment Review YoY Constant Currency Growth YoY Organic Constant Currency Non GAAP Growth 1 FY12 GAAP Rev ($M) FY11 GAAP Rev ($M) % of Total Consumer 2,104 1,953 5% 5% 31% NIS 840 755 8% 8% 40% N360 822 751 7% 7% 39% NAV 230 245 (8%) (8%) 11% Services (Norton Data, NortonLive & Mobile) 106 69 52% 52% 5% Other Consumer 106 133 (22%) (22%) 5% Security & Compliance 1,961 1,637 17% 3% 29% Endpoint Security 750 731 0% 0% 38% Trust Services 288 91 211% 4% 15% DLP, Encryption, Compliance & User Auth 385 298 27% 15% 20% Endpoint Management 263 275 (6%) (6%) 13% SaaS 186 169 7% 5% 9% Managed Security Services 89 72 22% 22% 5% Storage & Server Mgmt 2,400 2,305 2% 0% 36% Backup, Archiving and ediscovery 1,630 1,497 7% 3% 68% NetBackup 905 851 4% 4% 38% Backup Exec 463 429 5% 5% 19% Archiving and ediscovery 262 216 19% (6%) 11% Storage Management 780 808 (6%) (6%) 33% Storage Foundation 577 601 (6%) (6%) 24% Cluster Server 203 207 (4%) (4%) 8% Services 252 292 (16%) (16%) 4% Business Critical Services 121 92 30% 30% 48% Consulting 88 159 (46%) (46%) 35% Education 42 41 (1%) (1%) 17% 1. Excludes acquisition revenue for 4 full quarters following close. Adjusts for deferred revenue haircut impact. 17 Historical First Quarter Seasonal Trends GAAP Revenue Non GAAP EPS 3 Year Average Quarter Sequential Growth % of Total Fiscal Year June (3.3%) September 2.6% 48% December 5.1% March 0.4% 52% 3 Year Average Quarter Sequential Growth % of Total Fiscal Year June (6.8%) September 0.9% 48% December 7.2% March (0.3%) 52% Season fluctuations have historically caused sequential revenue and non GAAP EPS growth to be negative in the June quarters Sequential non GAAP EPS typically declines in the March quarters Revenue and non GAAP EPS are typically greater in the second half of the fiscal year Sequential growth rates as reported 18 9
Reconciliation of GAAP Statement of Operations to Non GAAP (In millions, except per share data) FY12 FY11 FY10 NET REVENUE: GAAP net revenue 6,730 6,190 5,985 OPERATING EXPENSES: GAAP operating expenses 4,569 4,265 3,947 Operating expense adjustment (511) (518) (510) Non GAAP operating expenses 4,058 3,747 3,437 OPERATING INCOME (LOSS): GAAP operating income (loss) 1,079 880 933 Gross profit adjustment 107 137 249 Operating expense adjustment 511 518 510 Non GAAP operating income 1,697 1,535 1,692 NET INCOME (LOSS) PER SHARE DILUTED: GAAP net income (loss) per share attributable to Symantec Corporation stockholders 1.57 0.76 0.87 Stock based compensation adjustment per share, net of tax 0.16 0.14 0.14 Other non GAAP adjustments per share, net of tax (0.12) 0.52 0.48 Non GAAP net income per share attributable to Symantec Corporation stockholders 1.61 1.42 1.49 WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED: GAAP weighted average shares outstanding attributable to Symantec Corporation stockholders 748 786 819 Non GAAP weighted average shares outstanding attributable to Symantec Corporation stockholders 748 786 819 Please refer to the Earnings Supplemental Information on our investor relations website: http://www.symantec.com/invest 19 Reconciliation of GAAP Operating Expenses to Non GAAP FY12 FY11 FY10 OPERATING EXPENSES: Sales and marketing 2,814 2,622 2,367 Research and development 969 862 857 General and administrative 437 390 352 Amortization of other purchased intangible assets 289 270 247 Restructuring and transition 56 92 94 Impairment of intangible assets and goodwill 4 27 Loss and impairment of assets held for sale 2 30 Total GAAP operating expenses 4,569 4,265 3,947 Stock based compensation (148) (123) (139) Amortization of other intangible assets (289) (270) (247) Restructuring and transition (56) (92) (94) Impairment of intangible assets and goodwill (4) (27) Loss and impairment of assets held for sale (2) (30) Acquisition related expenses (6) (14) Internally developed software costs 10 Patent settlement (8) Operating expense adjustment (511) (518) (510) Sales and marketing 2,744 2,565 2,308 Research and development 920 832 804 General and administrative 394 350 325 Total Non GAAP operating expenses 4,058 3,747 3,437 Please refer to the Earnings Supplemental Information on our investor relations website: http://www.symantec.com/invest 20 10