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Symantec's Strategic Direction and 3Q 2013              1/23/2013
Earnings Presentation




              Symantec’s Strategic Direction and 
              3Q 2013 Earnings Presentation
              January 23, 2013




              Welcome
              Helyn Corcos
              Vice President Investor Relations


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Symantec's Strategic Direction and 3Q 2013                                                                                                        1/23/2013
Earnings Presentation




                   1 3Q FY13 Earnings Highlight

                   2        Strategic Direction and Operational Plan

                   3        Questions & Answers


                                                                                                                                              3




           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 30, 
           2012 and in our Form 8‐K filed on June 11, 2012.

           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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Symantec's Strategic Direction and 3Q 2013                                                                                                       1/23/2013
Earnings Presentation




           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.




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               3Q13 Earnings Highlights
               James Beer
               Chief Financial Officer


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Symantec's Strategic Direction and 3Q 2013                                                                                        1/23/2013
Earnings Presentation




           Better than Expected Results for 3Q13
                                                                                                               As Reported 
                                                                      3Q’13                 3Q’12
                                                                                                               Growth Y/Y
                Revenue                                              $1,791m               $1,715m                   4%
                Non‐GAAP Operating Margin                             25.6%                 26.2%                  ‐60 bp
                Non‐GAAP EPS                                           $0.45                 $0.42                   7%
           • Revenue Drivers
              – Constant currency adjusted revenue grew 5% Y/Y
              – Organic, constant currency revenue grew 4% Y/Y
              – Strength in EMEA, Information Management and Trust Services
              – License, constant currency revenue grew 8% Y/Y driven by strength in Information Management solutions
              – Subscription, constant currency revenue grew 5% and maintenance revenue grew 5% Y/Y… Enterprise, 
                 constant currency subscription revenue grew 12%

           • Profitability Drivers
              – Operating margin and EPS driven by higher revenue and lower spending
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           Solid Revenue Results by Segment
                                                                                                             FX Adjusted
                                                                     3Q’13                3Q’12
                                                                                                             Growth Y/Y
               Consumer                                             $530m                 $525m                    2%
               Security and Compliance                              $527m                 $510m                    4%
               Storage and Server Management                        $666m                 $618m                    9%
               Services                                              $68m                  $62m                    9%

              • Consumer… up‐selling to premium suites and growing emerging backup, NortonLive services and mobile 
              • Security and Compliance… strength in Trust Services, MSS and Encryption
              • Storage and Server Management
                  – Information Management revenue grew 12% Y/Y driven by double digit growth in NetBackup
                  – Storage Management revenue grew 1% Y/Y as customers continue to deploy more mission critical applications 
                    on Linux and virtualized infrastructures
              • Services… driven by Business Critical Services
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Symantec's Strategic Direction and 3Q 2013                                                                   1/23/2013
Earnings Presentation




           Strong Cash Generation

                                                                                             As Reported 
                                                           3Q’13              3Q’12
                                                                                             Growth Y/Y
            Cash From Operating Activities                 $463m             $403m               15%
            Cash, Cash Equivalents and Short Term 
                                                          $4,252m           $2,380m              79%
            Investments Balance

           • 43% of cash on shore… ~ 26% excluding $1 billion allocated to maturity of June 2013 
             convertible notes 

           • $200m to repurchase 11m shares at average price  $17.94… $283m remaining in 
             the current board authorized share repurchase plan



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           4Q FY13 Guidance

                                                                                           FX Adjusted
                                                     4Q’13 Expected       Y/Y Growth
                                                                                           Growth Y/Y
                Revenue                              $1.70 to $1.74b        1 – 4%            1 – 3%
                GAAP EPS                               18¢ to 19¢         ‐ (75 – 76)%          na
                Non‐GAAP EPS                           37¢ to 38¢          ‐ 2.6 – 0%           na
                Deferred Revenue                     $4.01 to $4.07b        1 – 2%            1 – 3%

              • ~73% or $1.26b of March quarter revenue coming from balance sheet
              • Guidance assumes 
                 – FX rate of $1.32 per Euro 
                 – 24.6% effective tax rate and 702m CSE… R&D tax credit drives down our tax rate in 4Q13

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Symantec's Strategic Direction and 3Q 2013                                   1/23/2013
Earnings Presentation




              Symantec 4.0 ‐ Strategy
              Steve Bennett
              President and Chief Executive Officer


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           Symantec 4.0 Financial Theme

                    Organic growth focused company

                       Complemented by accretive acquisitions… that add 
                       value to customers

                       Growing operating margins and cash flow


                    Disciplined approach to capital allocation
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Symantec's Strategic Direction and 3Q 2013                                                                                                            1/23/2013
Earnings Presentation




           Strategy and Operating Plan Agenda
                                                           Learning Journey
                                          Customers and Market Overview
                                                           Offering Strategy
                                                     Go‐to‐Market Strategy
                                                               Organization
                                                        Resource Allocation
                                                             Financial View
                                                                                                                                                  13
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           Over 8000 employees in                             More than 1300 customers,                             36 Analyst meetings across all 
          town hall and small team                             including presenting at                              regions, speaking to Gartner, 
                  meetings                                        VISION Barcelona                                    IDC, Forrester and others




                                                                    Dublin
                           Springfield
                                             Boston                            London                           Beijing
                                                                  Reading        Paris
               Mountain View      Roseville         New York
                                                                             Barcelona               Chengdu                    Tokyo
                                    Baltimore       Washington DC
                           Culver City            Heathrow
                                                                                              Pune
                                                                                                          Chennai

                                                                                                                Singapore



                                                                                                                                Sydney




             78 financial analysts                                                         Meetings with various House and Senate members, 
                                                     251 partners at the 
           including attending Citi                                                      including General Alexander and presenting to over 900
                                                Baltimore Partner Exchange
             Investor Conference                                                           attendees at the Symantec Government Symposium
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Symantec's Strategic Direction and 3Q 2013                                                        1/23/2013
Earnings Presentation




           Key Learnings… Strengths



                                                          Portfolio of         Strong Brands 
                                  Deep Expertise 
              Strong Assets                                Leading               Reach and 
                                  and Capability
                                                           Products            Installed Base




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           Key Learnings… Opportunities



                                               GTM and
                     Products and                                         People and
                                                Global
                       Services                                           Organization
                                               Strategy




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Symantec's Strategic Direction and 3Q 2013      1/23/2013
Earnings Presentation




                               Evolution

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                       A Revolution
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Symantec's Strategic Direction and 3Q 2013         1/23/2013
Earnings Presentation




              Market Trends, Competitive
              Landscape and Product Offerings
              Stephen Gillett
              COO
              Francis deSouza
              President of Products & Services
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           Voice of the Customer
           • Global economic uncertainty 
             and enterprise security

           • Full Emergence of Digital and 
             Social Media

           • Explosive data and intelligence 
             growth

           • Enterprise IT will need to adapt 
             and evolve
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Symantec's Strategic Direction and 3Q 2013        1/23/2013
Earnings Presentation




           Enterprise Security

           • Redefined boundaries between 
             consumer and business

           • Enterprise attack sophistication 
             is increasing

           • Technology realm transfer

           • Dispersion of authority 

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        Countries and Government

         • Governments are responsible 
           for protecting their nation's 
           critical infrastructure

         • Attacks on citizens and 
           institutions increasing in 
           complexity

         • Cyber has become the fifth 
           domain for warfare — after 
           land, sea, air, and space
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Symantec's Strategic Direction and 3Q 2013                                            1/23/2013
Earnings Presentation




           Changing Landscape and Market Trends




                       Internet of “Things”                         Mobility




                       Digital & Social Life                  Computing Ecosystems

                                                                                     23




           Changing Market Requires a New Model For Protection



                                          Corporate Network

                                               PCs    Data Center




                                                                                     24




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Symantec's Strategic Direction and 3Q 2013                                          1/23/2013
Earnings Presentation




                                                                   Integrated
                  Startups                    Specialist         Stack Providers




                                                                                   25




                                                           Best of Need

                                                               Scale
             How We Win
                                                            Integration

                                                           Cross Platform
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Symantec's Strategic Direction and 3Q 2013                                                                                  1/23/2013
Earnings Presentation




          We Will Strengthen Our Offerings: More R&D

                                                             More                 • Increase R&D spend
                                                          Innovation              • Redeploy and hire
         More R&D                     Better and                                  • Advanced research
                                        Easier 
                                       Customer                            File System                      Encryption
                       Better meet    Experience
                        customer                           Leverage                      Centers of 
                      needs…faster                        Innovation        DLP          Excellence
                                                                                                              Endpoint
                     organic growth                                                                           Protection

                                                                                    Security Intelligence
         Right‐for‐Me                   New 
           Offerings                  Offerings
                                                          Zero‐based              • Whole company scope
                                                           mindset                • Resource best growth opportunities
                                                                                  • Eliminate redundancy

                                                                                                                           27




          We Will Strengthen Our Offerings: Better and Easier 
          Customer Experience


                                       Better and                        • Focus product teams on end‐to‐
          More R&D                       Easier      To Use, Upgrade       end customer use experience
                                        Customer      and Maintain
                                                                         • Simplified licensing
                       Better meet     Experience
                        customer                                         • Self‐healing technology
                      needs…faster 
                     organic growth

                                                                         • Simplified support options
        Right‐for‐Me                    New 
          Offerings                   Offerings       To Get Help and    • Expanded support channels ex. 
                                                          Support          Web, chat, community support 
                                                                         • Knowledge management


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Symantec's Strategic Direction and 3Q 2013                                                                        1/23/2013
Earnings Presentation




          We Will Strengthen Our Offerings: Right‐For‐Me Offerings

                                                                   • Consumers           • Geographies
                                     Better and 
         More R&D                      Easier      Tailored        • Small Businesses    • Specific 
                                      Customer     Offerings                               Industries…verticals
                                                                   • Large Enterprise
                      Better meet    Experience
                       customer                                    • Governments
                     needs…faster 
                    organic growth

                                                                           • Software
        Right‐for‐Me                   New 
          Offerings                  Offerings      Choice of              • Appliance
                                                   Deployment              • Cloud
                                                     Option 
                                                                           • Hybrids

                                                                                                              29




          New Offerings Will Address Broader Customer Needs


                                     Better and 
         More R&D                      Easier          • Integrated, modular, solving bigger jobs 
                                      Customer 
                      Better meet    Experience
                       customer 
                     needs…faster                      •Customer can buy existing products OR 
                    organic growth                      new integrated offerings

        Right‐for‐Me                   New             • Turn on new capability as needed
          Offerings                  Offerings




                                                                                                              30




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Symantec's Strategic Direction and 3Q 2013                                                        1/23/2013
Earnings Presentation




           Symantec Addresses Unmet, Underserved Needs In 
           Three Areas


             User Productivity & Protection
                                                        Make it simple for me to be productive
                                                           & protected at home and work




                 Information Security                   Keep my business safe and compliant



              Information Management:                  Keep my business information and
               Availability & Scalability                 applications up and running

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           How Current Offerings Map to Customer Jobs
                                               Current Offering Examples
                                               Norton 360
                                               Norton Mobile Security
                                               Norton Data Services
              User Productivity & Protection   Endpoint Protection
                                               Enterprise Mobility
                                               Endpoint Encryption
                                               User Authentication
                                               Managed Security Services
                                               Data Loss Prevention
                                               Mail and Web Security
                  Information Security         O3
                                               Control Compliance Suite
                                               Critical System Protection
                                               Trust Services
                                               Storage Foundation HA
                                               NetBackup
                Information Management:        Enterprise Vault/eDiscovery
                 Availability & Scalability    Backup Exec
                                               BE.cloud
                                               FileStore
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Symantec's Strategic Direction and 3Q 2013                                                                               1/23/2013
Earnings Presentation




           We Will Deliver New Integrated, Modular Offerings 
           Over the Next 6‐24 Months
                                                         New Higher‐Value Offerings
                                                      Mobile Workforce Productivity
                                                      Norton Protection
               User Productivity & Protection
                                                      Norton Cloud
                                                      Information Security Service
                                                      Identity/Content‐aware
                                                      Security Gateway
                   Information Security
                                                      Data Center Security

                                                      Business Continuity
                                                      Integrated Backup
                 Information Management: 
                  Availability & Scalability          Cloud‐based Info Management
                                                      Object Storage Platform
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        New Higher‐Value Offering: Mobile Workforce Productivity
           Enables authorized users to access corporate resources from any corporate or 
              personal mobile device, PC or Mac while protecting data, applications,               Integrated
                                       devices and identities
                                                                                           • Endpoint protection
                                                                                              • Corporate
                                                                                              • Personal
                                                                                           • Mobile device management
                                                                                           • Mobile container
                                                                                           • Mobile application 
                                                                                             Management
                                                                                           • Enterprise app store
                                                                                           • Endpoint encryption
                Employee Owned/BYOD              Enterprise Applications                   • Endpoint DLP 
                                                                                           • User authentication
                                    Corporate Owned                Cloud Services


                            Solves an important customer problem and builds competitive advantage
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Symantec's Strategic Direction and 3Q 2013                                                                          1/23/2013
Earnings Presentation




        New Higher‐Value Offering: Information Security Service
               Provides visibility into, and comprehensive protection from, advanced 
                       threats leveraging Symantec and 3rd‐party products                         Integrated
                                                                                         • Analysis
              Symantec Security Offerings                                                • Correlation
                                                                                         • Visibility
              3rd‐Party Products and Tools
                                                                                         • Dashboard
               Symantec Global Security                                                  • Threat Detection
                 Intelligence Network
                                                                                         • Prioritization and  
                  Enterprise Apps                                                          Workflow
                                                                                         • Incident Management
                                                                                         • Risk Management




                           Solves an important customer problem and builds competitive advantage
                                                                                                                   35




        New Higher‐Value Offering: Business Continuity
                Delivers high availability, performance, and scalability for business 
                        applications in virtual, private cloud environments                       Integrated

                                                                                         • Windows Backup
                           Applications
                                                                                         • Unix/Linux Backup
                                                                                         • Virtual Backup
                                                                                         • Clustering
                           Platforms                                                     • Virtual HA
                                                                                         • Replication
                                                                                         • Disaster Recovery

                           Storage                                                       • Service Orchestration




                           Solves an important customer problem and builds competitive advantage
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Symantec's Strategic Direction and 3Q 2013                                         1/23/2013
Earnings Presentation




           Examples of New or Expanded Centers of Excellence


                        Cloud Platform &               Hardware
                           Capabilities               Supply Chain


                                                     Global Security 
                        Information Fabric            Intelligence 
                                                        Network

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              Solve Bigger                                        Right‐for‐Me 
               Problems                                             Offerings

                                               How This 
                                               Benefits 
                                              Customers


                Better and                                            How They 
                  Easier                                             Want to Buy
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Symantec's Strategic Direction and 3Q 2013                                                                              1/23/2013
Earnings Presentation




           Symantec 4.0 Portfolio Strategy

           • Evaluated entire portfolio                      • Portfolio review continues over 
                                                               time
           • Two key criteria
             – Stand‐alone offering or part of a 
               larger, modular future offering
                                                             • Will deal with anything that 
                                                               doesn’t fit
             – Asset to solve new, important 
               customer problems?



              Nothing to announce today


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           Simplified Go‐to‐Market (GTM) Strategy
                                             Customer Segment
                 Global

                                             • Global & Enterprise… Symantec direct + Customer led channel 
                                               involvement
                     Enterprise
                                             • New Verticals business… Telco/ISPs, SIs, XaaS, National Public Sector



                    Commercial               • Channel‐led… dedicated Symantec team supports




                   Consumer and              • Combination of direct through e‐business and channel‐led
                   Small Business

                                          Applied “Right for GEO” manner                                               40




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Symantec's Strategic Direction and 3Q 2013                                                                               1/23/2013
Earnings Presentation




           New Marketing and Sales Capabilities

         • New business growth
            ‐ Field paid only on new over time
            ‐ Separate renewals org                                                • Expanded Marketing
                                                   Beyond          Beyond
                                                                                      ‐ Total customer experience
                                                   Current        Short-Term
                                                                                      ‐ New centers of excellence
                                                    Point         Bookings to
         • Expanded high quality/                Products to       Lasting            ‐ Strategic Pricing & Licensing
           lower cost models                     Integrated       Customer
            ‐ Telesales                           Offerings         Value          • New, enhanced partner program
            ‐ e‐Business                                                              ‐ More selective based on capabilities
            ‐ In product                                                              ‐ Better enablement & Symantec support
                                                   Offerings   Customers              ‐ New performance‐based incentives
          • New global sales and partner 
            enablement organization



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           Organizational Strategy

                           July 25th to Present                                   Today
             • Common company level objectives                 • Symantec 4.0 strategy and plan

             • Financial results + customers + partners +      • New org structure and leadership team
               employees
                                                               • New organization simplification initiative
             • New staff performance objectives
                                                               • Splitting Chairman and CEO roles
             • Changed staff meeting cycle

             • Trained 95% of directors and VPs on SYMC 
               4.0 leadership  




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Symantec's Strategic Direction and 3Q 2013                                                                                     1/23/2013
Earnings Presentation




           New Organization Design: Objectives

             Improve Teamwork         Increase Customer Focus               Functionalize          Upgrade Growth Capability

          • Office of the CEO       • Consumer & business            • Upgrade process             • Marketing
          • Senior leadership         world merging                    capability                  • Sales process 
            decision on talent +    • Customer jobs vs.              • Consolidation for             management 
            collaboration skills      segments                         leverage                    • IT 
                                    • Break up BU structure             – Centers of excellence
                                      that created silos                – Eliminate redundancies   • Cloud Ops
                                    • Global in thinking and         • Right talent… Fewer,        • HR
                                      actions… GEO leaders             bigger roles for our 
                                                                       best and brightest



                             Strengthen leadership… Improve Organic Growth Capabilities… 
                                               Minimize Execution Risk

                                                                                                                           43




         Creation of the Office of the CEO                                                                     New Roles or 
                                                                                                               Major Changes


                                                      Office of the CEO
                                                 • COO
                                                 • President Products & Services
                                                 • CFO




                                                                                                                            44
                                                                                                                           44




                                                                                                                                     22
Symantec's Strategic Direction and 3Q 2013                                                                                        1/23/2013
Earnings Presentation




         New Structure 11 Direct Reports to the CEO                                                               New Roles or 
                                                                                                                  Major Changes




                                                                CEO



              Product &                                                             NA Enterprise 
                                     COO               Verticals Business                                          APJ
               Services                                                                 Sales


                                                         Strategic Sales               EMEA




                                                                                              Strategy & Corp
                           CFO                  HR                          Legal
                                                                                                    Dev


                                                                                                                              45




         President of Products and Services Organization                                                          New Roles or 
                                                                                                                  Major Changes



                                                                CEO



                                                     Products



                                      Information        Information                                    Business Critical 
                    Mobile                                                            CTO
                                        Security         Management                                         Services


              Enterprise & Norton 
                 Endpoint PD
                                                                                                           Education


              Enterprise & Norton                                                                       Global/Vertical 
                 Endpoint PM                                                                          Offering Integration


                                                                                                                              46




                                                                                                                                        23
Symantec's Strategic Direction and 3Q 2013                                                    1/23/2013
Earnings Presentation




         COO Organization                                                     New Roles or 
                                                                              Major Changes



                                                     CEO


                                                     COO



                                    Consumer Sales              CMO

                                                           Sales Process & 
                                      Renewals
                                                            Enablement

                                      e‐Business           Customer Care


                                         CIO               Communications


                                      Cloud Ops
                                                                                          47




              Operational Plan
              James Beer
              Chief Financial Officer


                                                                                          48




                                                                                                    24
Symantec's Strategic Direction and 3Q 2013                                                                         1/23/2013
Earnings Presentation




           Opportunities to Drive Efficiency & Redeploy Resources
           Company‐wide Opportunities


              Partially integrated acquisitions

                                                                                               Duplication and 
             Siloed organization; redundancy                      Drove
                                                                                                 Complexity

                    Too much management



                                                                                                                  49




           Opportunities to Drive Efficiency & Redeploy Resources 

               Product Development

                1      Consolidated $1.8 billion spending pool


                2      Significant duplication today… 24 cloud service platforms and 54 data center locations


                3      Align point product spending with market opportunity




                                                                                                                  50




                                                                                                                         25
Symantec's Strategic Direction and 3Q 2013                                                   1/23/2013
Earnings Presentation




           Opportunities to Drive Efficiency & Redeploy Resources 
               Sales & Marketing

                 1    Simplify pricing & licensing … 31 price lists and 41 license meters


                2     Build high performance and cost effective renewals team


                 3    Consolidate worldwide marketing spend


                 4    Streamline route to market structure … 23 distinct sales channels


                 5    Field sales real estate consolidation


                6     Fewer individualized compensation plans
                                                                                            51




           Opportunities to Drive Efficiency & Redeploy Resources 

                     Cross‐company
                         Management ranks have expanded steadily
                 1       •    High cost
                         •    Slow decision making, removed from front line reality


                         Organization Simplification Initiative
                 2       •    Move from 10 layers of management to 6‐7 
                         •    Move from average of 4 spans to ~8




                                                                                            52




                                                                                                   26
Symantec's Strategic Direction and 3Q 2013                                                                                           1/23/2013
Earnings Presentation




           Investments to Build Organic Growth Engine

                                People                           Products                   Infrastructure

                                                                                                        General & 
                Product Development                          Sales & Marketing
                                                                                                      Administrative
               Existing offerings                        Marketing                              IT a strategic enabler
                                                         • Pricing resources                    • Insource some activity
               New integrated offerings                  • Customer analytics                   • Applications and infrastructure
               Product delivery capabilities             • Brand building
               •   Cloud infrastructure platform                                                HR… building talent and 
               •   Hardware Supply Chain                 Sales                                  organizational capability
               •   Information Fabric                    • Process improvements
               •   Global security intelligence          • Renewals team                        Process capability
                   network                               • e‐Business expansion


                                                                                                                                    53




           Expense to Revenue Ratios

                                       Invest to drive faster organic growth

                                                           Symantec                        Benchmark1
                                                     FY12A            FY17E           Median             High

                                R&D                    14%              16%             13%              17%


                                S&M                    41%              27%             28%              50%


                                G&A                    6%               5%               8%              13%

                        1Benchmark   includes 3 year averages for BMC, CA, CVLT, CRM, ORCL, MSFT, SAP, INTU, CTXS, ADBE             54




                                                                                                                                           27
Symantec's Strategic Direction and 3Q 2013                                                         1/23/2013
Earnings Presentation




           Financial Plan
            Commitment to 5%+ organic revenue growth and 30%+ operating margins
            • Organic revenue… 5%+ CAGR FY15‐17
            • Operating margins… 30% goal in FY15


            FY14 ‐ A Transition Year… Expect
            •    0‐2% revenue growth
            •    Operating margins grow 200 bps 
            •    Free cash flow impacted by
                   • ~$275 million severance payments
                   • Incremental CapEx $100‐$150 million


                                                                                               55




           Capital Allocation


                               • CapEx and acquisitions that support strategy + meet IRR hurdles
                Strategy       • Return excess cash to shareholders




                               • 15%+ IRR hurdle
                Strategy       • Target returning 50% of free cash flow longer‐term
                Elements       • Over time, ~50/50 balance between dividends and repurchases




                                                                                               56




                                                                                                         28
Symantec's Strategic Direction and 3Q 2013                                                                      1/23/2013
Earnings Presentation




           Capital Allocation

                                    • Initiating dividend with targeted yield of 2.5% in 1Q14
             Announcing 
                                    • New $1B share repurchase authorization
               Today                • Continue opportunistic buybacks




                                    • Expect to return $800m
                FY14                • Will invest $375‐425m for severance and CapEx investments




                                                                                                               57




           Symantec 4.0 Operating Theme… Better and Easier
                     What we do… People and Partnerships… Internal and external… creating customer value

                                 How we play… As a Team… Making High Quality, Timely Decisions
                 • Symantec‐wide objectives and performance metrics
                 • One Symantec strategy with cascading organizational strategies and operational priorities
                 • Individual accountability… to their role and the team

                            How we think… Innovation + Execution…. Global and Local… Big and Small
                 •    Innovation everywhere with special focus on customer driven and technology innovation
                 •    Excellence in execution through people, process and technology
                 •    Act big where there is value… act small everywhere else
                 •    Eliminate complexity not valued by customers or partners
                 •    Create and leverage global centers of excellence

                                           How we organize… Simplified and Streamlined
                 • Inverted triangle organizational philosophy
                 • Lean and effective management structure
                 • Culture of learning and sharing to make us better
                                                                                                               58




                                                                                                                      29
Symantec's Strategic Direction and 3Q 2013                       1/23/2013
Earnings Presentation




           Symantec 4.0 Company Theme


                           Enabling people, businesses and 
                          countries… to protect and manage 
                          their digital information… so they 
                           can focus their time and energy 
                             achieving their aspirations


                                                                59




              Appendix



                                                                60




                                                                       30
Symantec's Strategic Direction and 3Q 2013                                                                                                                  1/23/2013
Earnings Presentation




           4Q FY13 Guidance
                                                                                                 Three Month Ending March 29, 2013
                                                                                                            Year‐Over‐Year Growth Rate
                Revenue Guidance                                                            Range           Actual       Constant Currency
                GAAP revenue range                                                      $1.70 ‐ $1.74B      1% ‐ 4%            1% ‐ 3% 

                                                                                                Three Month Ending March 29, 2013
                                                                                                           Year‐Over‐Year Growth Rate
                Earnings Per Share Guidance and Reconciliation                             Range                     Actual
                GAAP diluted earnings per share range                                   $0.18 ‐ $0.19             (76)% ‐ (75)%
                 Add back:
                 Stock‐based compensation, net of tax                                           $0.04
                 Amortization of intangible assets, non‐cash interest expense
                  and transition & transformation expenses, net of tax                      $0.15
                Non‐GAAP diluted earnings per share range                               $0.37 ‐ $0.38                      (3)% ‐ 0%

                                                                                                 Three Month Ending March 29, 2013
                                                                                                            Year‐Over‐Year Growth Rate
                Deferred Revenue Guidance                                                   Range           Actual       Constant Currency
                GAAP deferred revenue range                                             $4.01 ‐ $4.07B      1% ‐ 2%            1% ‐ 3% 

                                                                                                                                                           61




           GAAP to Non‐GAAP Reconciliation
                                                                                                                                       Year-Over-Year
            ($ In millions, except per share data)                                     Three Months Ended                           Non-GAAP Growth Rate
                                                                     December 28, 2012                   December 30, 2011                      Constant
                                                                GAAP       Adj       Non-GAAP      GAAP        Adj       Non-GAAP    Actual     Currency

            Net revenue:                                        $1,791      N/A        $1,791       $1,715     N/A       $1,715        4%         5%

            Gross profit:                                       $1,492       $20       $1,512       $1,444     $26       $1,470        3%         4%
            Stock-based compensation                                           4                                 4
            Amortization of intangible assets                                 16                                22
            Gross margin %                                       83.3%                  84.4%        84.2%               85.7%      -130 bps    -110 bps
            Operating expenses:                                 $1,194      $140       $1,054       $1,144    $123       $1,021        3%          4%
            Stock-based compensation                                          38                                42
            Amortization of intangible assets                                 71                                73
            Restructuring and transition                                      27                                 5
            Acquisition/divestiture-related expenses                           4                                 3
            Operating expenses as a % of revenue                66.7%                  58.8%        66.7%                59.5%       -70 bps    -40 bps
            Operating income                                    $298        $160       $458         $300      $149        $449         2%         2%
            Operating margin %                                  16.6%                  25.6%        17.5%                26.2%       -60 bps    -80 bps
            Net income:                                         $212        $101       $313         $240       $74        $314         0%         N/A
            Gross profit adjustment                                           20                                 26
            Operating expense adjustment                                     140                               123
            Non-cash interest expense                                         15                                 12
            China VAT tax refund                                             (24)                                 -
            Income tax effect on above items                                 (44)                               (45)
            Tax related adjustments:
             Release of pre-acquisition tax contingencies                     (6)                               (42)
            Diluted net income per share attributable to
            Symantec Corporation stockholders                   $0.30      $0.15       $0.45        $0.32     $0.10       $0.42        7%         N/A
            Diluted weighted-average shares outstanding
            attributable to Symantec Corporation stockholders    702                    702             740               740          -5%        N/A
                                                                                                                                                            62




                                                                                                                                                                  31

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Symantec's Strategic Direction and Q3 2013 Earnings Presentation

  • 1. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Symantec’s Strategic Direction and  3Q 2013 Earnings Presentation January 23, 2013 Welcome Helyn Corcos Vice President Investor Relations 2 1
  • 2. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation 1 3Q FY13 Earnings Highlight 2 Strategic Direction and Operational Plan 3 Questions & Answers 3 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 30,  2012 and in our Form 8‐K filed on June 11, 2012. 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. 44 2
  • 3. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation 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. 5 3Q13 Earnings Highlights James Beer Chief Financial Officer 66 3
  • 4. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Better than Expected Results for 3Q13 As Reported  3Q’13 3Q’12 Growth Y/Y Revenue $1,791m $1,715m 4% Non‐GAAP Operating Margin 25.6% 26.2% ‐60 bp Non‐GAAP EPS $0.45 $0.42 7% • Revenue Drivers – Constant currency adjusted revenue grew 5% Y/Y – Organic, constant currency revenue grew 4% Y/Y – Strength in EMEA, Information Management and Trust Services – License, constant currency revenue grew 8% Y/Y driven by strength in Information Management solutions – Subscription, constant currency revenue grew 5% and maintenance revenue grew 5% Y/Y… Enterprise,  constant currency subscription revenue grew 12% • Profitability Drivers – Operating margin and EPS driven by higher revenue and lower spending 77 Solid Revenue Results by Segment FX Adjusted 3Q’13 3Q’12 Growth Y/Y Consumer $530m $525m 2% Security and Compliance $527m $510m 4% Storage and Server Management $666m $618m 9% Services $68m $62m 9% • Consumer… up‐selling to premium suites and growing emerging backup, NortonLive services and mobile  • Security and Compliance… strength in Trust Services, MSS and Encryption • Storage and Server Management – Information Management revenue grew 12% Y/Y driven by double digit growth in NetBackup – Storage Management revenue grew 1% Y/Y as customers continue to deploy more mission critical applications  on Linux and virtualized infrastructures • Services… driven by Business Critical Services 88 4
  • 5. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Strong Cash Generation As Reported  3Q’13 3Q’12 Growth Y/Y Cash From Operating Activities $463m $403m 15% Cash, Cash Equivalents and Short Term  $4,252m $2,380m 79% Investments Balance • 43% of cash on shore… ~ 26% excluding $1 billion allocated to maturity of June 2013  convertible notes  • $200m to repurchase 11m shares at average price  $17.94… $283m remaining in  the current board authorized share repurchase plan 99 4Q FY13 Guidance FX Adjusted 4Q’13 Expected Y/Y Growth Growth Y/Y Revenue $1.70 to $1.74b 1 – 4% 1 – 3% GAAP EPS 18¢ to 19¢ ‐ (75 – 76)% na Non‐GAAP EPS 37¢ to 38¢ ‐ 2.6 – 0% na Deferred Revenue $4.01 to $4.07b 1 – 2% 1 – 3% • ~73% or $1.26b of March quarter revenue coming from balance sheet • Guidance assumes  – FX rate of $1.32 per Euro  – 24.6% effective tax rate and 702m CSE… R&D tax credit drives down our tax rate in 4Q13 10 5
  • 6. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Symantec 4.0 ‐ Strategy Steve Bennett President and Chief Executive Officer 11 11 Symantec 4.0 Financial Theme Organic growth focused company Complemented by accretive acquisitions… that add  value to customers Growing operating margins and cash flow Disciplined approach to capital allocation 12 12 6
  • 7. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Strategy and Operating Plan Agenda Learning Journey Customers and Market Overview Offering Strategy Go‐to‐Market Strategy Organization Resource Allocation Financial View 13 13 Over 8000 employees in  More than 1300 customers,  36 Analyst meetings across all  town hall and small team  including presenting at  regions, speaking to Gartner,  meetings VISION Barcelona IDC, Forrester and others Dublin Springfield Boston London Beijing Reading Paris Mountain View Roseville New York Barcelona Chengdu Tokyo Baltimore Washington DC Culver City Heathrow Pune Chennai Singapore Sydney 78 financial analysts  Meetings with various House and Senate members,  251 partners at the  including attending Citi  including General Alexander and presenting to over 900 Baltimore Partner Exchange Investor Conference attendees at the Symantec Government Symposium 14 7
  • 8. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Key Learnings… Strengths Portfolio of  Strong Brands  Deep Expertise  Strong Assets Leading  Reach and  and Capability Products Installed Base 15 15 Key Learnings… Opportunities GTM and Products and People and Global Services Organization Strategy 16 16 8
  • 9. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Evolution 17 17 A Revolution 18 18 9
  • 10. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Market Trends, Competitive Landscape and Product Offerings Stephen Gillett COO Francis deSouza President of Products & Services 19 19 Voice of the Customer • Global economic uncertainty  and enterprise security • Full Emergence of Digital and  Social Media • Explosive data and intelligence  growth • Enterprise IT will need to adapt  and evolve 20 10
  • 11. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Enterprise Security • Redefined boundaries between  consumer and business • Enterprise attack sophistication  is increasing • Technology realm transfer • Dispersion of authority  21 Countries and Government • Governments are responsible  for protecting their nation's  critical infrastructure • Attacks on citizens and  institutions increasing in  complexity • Cyber has become the fifth  domain for warfare — after  land, sea, air, and space 22 11
  • 12. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Changing Landscape and Market Trends Internet of “Things” Mobility Digital & Social Life Computing Ecosystems 23 Changing Market Requires a New Model For Protection Corporate Network PCs Data Center 24 12
  • 13. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Integrated Startups Specialist Stack Providers 25 Best of Need Scale How We Win Integration Cross Platform 26 13
  • 14. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation We Will Strengthen Our Offerings: More R&D More  • Increase R&D spend Innovation • Redeploy and hire More R&D Better and  • Advanced research Easier  Customer  File System Encryption Better meet  Experience customer  Leverage  Centers of  needs…faster  Innovation DLP Excellence Endpoint organic growth Protection Security Intelligence Right‐for‐Me  New  Offerings Offerings Zero‐based  • Whole company scope mindset • Resource best growth opportunities • Eliminate redundancy 27 We Will Strengthen Our Offerings: Better and Easier  Customer Experience Better and  • Focus product teams on end‐to‐ More R&D Easier  To Use, Upgrade  end customer use experience Customer  and Maintain • Simplified licensing Better meet  Experience customer  • Self‐healing technology needs…faster  organic growth • Simplified support options Right‐for‐Me  New  Offerings Offerings To Get Help and  • Expanded support channels ex.  Support Web, chat, community support  • Knowledge management 28 14
  • 15. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation We Will Strengthen Our Offerings: Right‐For‐Me Offerings • Consumers • Geographies Better and  More R&D Easier  Tailored  • Small Businesses • Specific  Customer  Offerings Industries…verticals • Large Enterprise Better meet  Experience customer  • Governments needs…faster  organic growth • Software Right‐for‐Me  New  Offerings Offerings Choice of  • Appliance Deployment  • Cloud Option  • Hybrids 29 New Offerings Will Address Broader Customer Needs Better and  More R&D Easier  • Integrated, modular, solving bigger jobs  Customer  Better meet  Experience customer  needs…faster  •Customer can buy existing products OR  organic growth new integrated offerings Right‐for‐Me  New  • Turn on new capability as needed Offerings Offerings 30 15
  • 16. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Symantec Addresses Unmet, Underserved Needs In  Three Areas User Productivity & Protection Make it simple for me to be productive & protected at home and work Information Security Keep my business safe and compliant Information Management:  Keep my business information and Availability & Scalability applications up and running 31 How Current Offerings Map to Customer Jobs Current Offering Examples Norton 360 Norton Mobile Security Norton Data Services User Productivity & Protection Endpoint Protection Enterprise Mobility Endpoint Encryption User Authentication Managed Security Services Data Loss Prevention Mail and Web Security Information Security O3 Control Compliance Suite Critical System Protection Trust Services Storage Foundation HA NetBackup Information Management:  Enterprise Vault/eDiscovery Availability & Scalability Backup Exec BE.cloud FileStore 32 16
  • 17. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation We Will Deliver New Integrated, Modular Offerings  Over the Next 6‐24 Months New Higher‐Value Offerings Mobile Workforce Productivity Norton Protection User Productivity & Protection Norton Cloud Information Security Service Identity/Content‐aware Security Gateway Information Security Data Center Security Business Continuity Integrated Backup Information Management:  Availability & Scalability Cloud‐based Info Management Object Storage Platform 33 New Higher‐Value Offering: Mobile Workforce Productivity Enables authorized users to access corporate resources from any corporate or  personal mobile device, PC or Mac while protecting data, applications,  Integrated devices and identities • Endpoint protection • Corporate • Personal • Mobile device management • Mobile container • Mobile application  Management • Enterprise app store • Endpoint encryption Employee Owned/BYOD Enterprise Applications • Endpoint DLP  • User authentication Corporate Owned Cloud Services Solves an important customer problem and builds competitive advantage 34 17
  • 18. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation New Higher‐Value Offering: Information Security Service Provides visibility into, and comprehensive protection from, advanced  threats leveraging Symantec and 3rd‐party products Integrated • Analysis Symantec Security Offerings • Correlation • Visibility 3rd‐Party Products and Tools • Dashboard Symantec Global Security  • Threat Detection Intelligence Network • Prioritization and   Enterprise Apps Workflow • Incident Management • Risk Management Solves an important customer problem and builds competitive advantage 35 New Higher‐Value Offering: Business Continuity Delivers high availability, performance, and scalability for business  applications in virtual, private cloud environments Integrated • Windows Backup Applications • Unix/Linux Backup • Virtual Backup • Clustering Platforms • Virtual HA • Replication • Disaster Recovery Storage • Service Orchestration Solves an important customer problem and builds competitive advantage 36 18
  • 19. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Examples of New or Expanded Centers of Excellence Cloud Platform &  Hardware Capabilities Supply Chain Global Security  Information Fabric Intelligence  Network 37 Solve Bigger  Right‐for‐Me  Problems Offerings How This  Benefits  Customers Better and  How They  Easier Want to Buy 38 19
  • 20. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Symantec 4.0 Portfolio Strategy • Evaluated entire portfolio • Portfolio review continues over  time • Two key criteria – Stand‐alone offering or part of a  larger, modular future offering • Will deal with anything that  doesn’t fit – Asset to solve new, important  customer problems? Nothing to announce today 39 Simplified Go‐to‐Market (GTM) Strategy Customer Segment Global • Global & Enterprise… Symantec direct + Customer led channel  involvement Enterprise • New Verticals business… Telco/ISPs, SIs, XaaS, National Public Sector Commercial • Channel‐led… dedicated Symantec team supports Consumer and • Combination of direct through e‐business and channel‐led Small Business Applied “Right for GEO” manner 40 20
  • 21. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation New Marketing and Sales Capabilities • New business growth ‐ Field paid only on new over time ‐ Separate renewals org • Expanded Marketing Beyond Beyond ‐ Total customer experience Current Short-Term ‐ New centers of excellence Point Bookings to • Expanded high quality/  Products to Lasting ‐ Strategic Pricing & Licensing lower cost models Integrated Customer ‐ Telesales Offerings Value • New, enhanced partner program ‐ e‐Business ‐ More selective based on capabilities ‐ In product ‐ Better enablement & Symantec support Offerings Customers ‐ New performance‐based incentives • New global sales and partner  enablement organization 41 Organizational Strategy July 25th to Present  Today • Common company level objectives • Symantec 4.0 strategy and plan • Financial results + customers + partners +  • New org structure and leadership team employees • New organization simplification initiative • New staff performance objectives • Splitting Chairman and CEO roles • Changed staff meeting cycle • Trained 95% of directors and VPs on SYMC  4.0 leadership   42 21
  • 22. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation New Organization Design: Objectives Improve Teamwork Increase Customer Focus Functionalize Upgrade Growth Capability • Office of the CEO • Consumer & business  • Upgrade process  • Marketing • Senior leadership  world merging capability • Sales process  decision on talent +  • Customer jobs vs.  • Consolidation for  management  collaboration skills segments leverage • IT  • Break up BU structure  – Centers of excellence that created silos – Eliminate redundancies • Cloud Ops • Global in thinking and  • Right talent… Fewer,  • HR actions… GEO leaders bigger roles for our  best and brightest Strengthen leadership… Improve Organic Growth Capabilities…  Minimize Execution Risk 43 Creation of the Office of the CEO New Roles or  Major Changes Office of the CEO • COO • President Products & Services • CFO 44 44 22
  • 23. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation New Structure 11 Direct Reports to the CEO New Roles or  Major Changes CEO Product &  NA Enterprise  COO Verticals Business APJ Services Sales Strategic Sales EMEA Strategy & Corp CFO HR Legal Dev 45 President of Products and Services Organization New Roles or  Major Changes CEO Products Information Information Business Critical  Mobile CTO Security Management Services Enterprise & Norton  Endpoint PD Education Enterprise & Norton  Global/Vertical  Endpoint PM Offering Integration 46 23
  • 24. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation COO Organization New Roles or  Major Changes CEO COO Consumer Sales CMO Sales Process &  Renewals Enablement e‐Business Customer Care CIO Communications Cloud Ops 47 Operational Plan James Beer Chief Financial Officer 48 24
  • 25. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Opportunities to Drive Efficiency & Redeploy Resources Company‐wide Opportunities Partially integrated acquisitions Duplication and  Siloed organization; redundancy Drove Complexity Too much management 49 Opportunities to Drive Efficiency & Redeploy Resources  Product Development 1 Consolidated $1.8 billion spending pool 2 Significant duplication today… 24 cloud service platforms and 54 data center locations 3 Align point product spending with market opportunity 50 25
  • 26. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Opportunities to Drive Efficiency & Redeploy Resources  Sales & Marketing 1 Simplify pricing & licensing … 31 price lists and 41 license meters 2 Build high performance and cost effective renewals team 3 Consolidate worldwide marketing spend 4 Streamline route to market structure … 23 distinct sales channels 5 Field sales real estate consolidation 6 Fewer individualized compensation plans 51 Opportunities to Drive Efficiency & Redeploy Resources  Cross‐company Management ranks have expanded steadily 1 • High cost • Slow decision making, removed from front line reality Organization Simplification Initiative 2 • Move from 10 layers of management to 6‐7  • Move from average of 4 spans to ~8 52 26
  • 27. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Investments to Build Organic Growth Engine People Products Infrastructure General &  Product Development Sales & Marketing Administrative Existing offerings Marketing IT a strategic enabler • Pricing resources • Insource some activity New integrated offerings • Customer analytics • Applications and infrastructure Product delivery capabilities • Brand building • Cloud infrastructure platform HR… building talent and  • Hardware Supply Chain Sales organizational capability • Information Fabric • Process improvements • Global security intelligence  • Renewals team Process capability network • e‐Business expansion 53 Expense to Revenue Ratios Invest to drive faster organic growth Symantec Benchmark1 FY12A FY17E Median High R&D 14% 16% 13% 17% S&M 41% 27% 28% 50% G&A 6% 5% 8% 13% 1Benchmark includes 3 year averages for BMC, CA, CVLT, CRM, ORCL, MSFT, SAP, INTU, CTXS, ADBE 54 27
  • 28. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Financial Plan Commitment to 5%+ organic revenue growth and 30%+ operating margins • Organic revenue… 5%+ CAGR FY15‐17 • Operating margins… 30% goal in FY15 FY14 ‐ A Transition Year… Expect • 0‐2% revenue growth • Operating margins grow 200 bps  • Free cash flow impacted by • ~$275 million severance payments • Incremental CapEx $100‐$150 million 55 Capital Allocation • CapEx and acquisitions that support strategy + meet IRR hurdles Strategy • Return excess cash to shareholders • 15%+ IRR hurdle Strategy  • Target returning 50% of free cash flow longer‐term Elements • Over time, ~50/50 balance between dividends and repurchases 56 28
  • 29. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Capital Allocation • Initiating dividend with targeted yield of 2.5% in 1Q14 Announcing  • New $1B share repurchase authorization Today • Continue opportunistic buybacks • Expect to return $800m FY14 • Will invest $375‐425m for severance and CapEx investments 57 Symantec 4.0 Operating Theme… Better and Easier What we do… People and Partnerships… Internal and external… creating customer value How we play… As a Team… Making High Quality, Timely Decisions • Symantec‐wide objectives and performance metrics • One Symantec strategy with cascading organizational strategies and operational priorities • Individual accountability… to their role and the team How we think… Innovation + Execution…. Global and Local… Big and Small • Innovation everywhere with special focus on customer driven and technology innovation • Excellence in execution through people, process and technology • Act big where there is value… act small everywhere else • Eliminate complexity not valued by customers or partners • Create and leverage global centers of excellence How we organize… Simplified and Streamlined • Inverted triangle organizational philosophy • Lean and effective management structure • Culture of learning and sharing to make us better 58 29
  • 30. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation Symantec 4.0 Company Theme Enabling people, businesses and  countries… to protect and manage  their digital information… so they  can focus their time and energy  achieving their aspirations 59 Appendix 60 30
  • 31. Symantec's Strategic Direction and 3Q 2013  1/23/2013 Earnings Presentation 4Q FY13 Guidance Three Month Ending March 29, 2013 Year‐Over‐Year Growth Rate Revenue Guidance Range Actual Constant Currency GAAP revenue range  $1.70 ‐ $1.74B  1% ‐ 4%  1% ‐ 3%  Three Month Ending March 29, 2013 Year‐Over‐Year Growth Rate Earnings Per Share Guidance and Reconciliation Range Actual GAAP diluted earnings per share range $0.18 ‐ $0.19 (76)% ‐ (75)% Add back: Stock‐based compensation, net of tax $0.04 Amortization of intangible assets, non‐cash interest expense and transition & transformation expenses, net of tax $0.15 Non‐GAAP diluted earnings per share range $0.37 ‐ $0.38 (3)% ‐ 0% Three Month Ending March 29, 2013 Year‐Over‐Year Growth Rate Deferred Revenue Guidance Range Actual Constant Currency GAAP deferred revenue range $4.01 ‐ $4.07B  1% ‐ 2%  1% ‐ 3%  61 GAAP to Non‐GAAP Reconciliation Year-Over-Year ($ In millions, except per share data) Three Months Ended Non-GAAP Growth Rate December 28, 2012 December 30, 2011 Constant GAAP Adj Non-GAAP GAAP Adj Non-GAAP Actual Currency Net revenue: $1,791 N/A $1,791 $1,715 N/A $1,715 4% 5% Gross profit: $1,492 $20 $1,512 $1,444 $26 $1,470 3% 4% Stock-based compensation 4 4 Amortization of intangible assets 16 22 Gross margin % 83.3% 84.4% 84.2% 85.7% -130 bps -110 bps Operating expenses: $1,194 $140 $1,054 $1,144 $123 $1,021 3% 4% Stock-based compensation 38 42 Amortization of intangible assets 71 73 Restructuring and transition 27 5 Acquisition/divestiture-related expenses 4 3 Operating expenses as a % of revenue 66.7% 58.8% 66.7% 59.5% -70 bps -40 bps Operating income $298 $160 $458 $300 $149 $449 2% 2% Operating margin % 16.6% 25.6% 17.5% 26.2% -60 bps -80 bps Net income: $212 $101 $313 $240 $74 $314 0% N/A Gross profit adjustment 20 26 Operating expense adjustment 140 123 Non-cash interest expense 15 12 China VAT tax refund (24) - Income tax effect on above items (44) (45) Tax related adjustments: Release of pre-acquisition tax contingencies (6) (42) Diluted net income per share attributable to Symantec Corporation stockholders $0.30 $0.15 $0.45 $0.32 $0.10 $0.42 7% N/A Diluted weighted-average shares outstanding attributable to Symantec Corporation stockholders 702 702 740 740 -5% N/A 62 31