Al Castino Senior Vice President Chief Financial Officer Finance Al Castino Senior Vice President Chief Financial Officer
FY 2008 Goals Achieve our growth and margin objectives Execute right investments to drive future growth Grow emerging countries Maintain excellent capital management Minimal shareholder dilution Increasing ROE Increasing EPS (both GAAP and non-GAAP) Ensure systems and processes support efficient growth
FY 2008 Key Metrics Strong revenue growth Total revenue grew 18% to $2.172B Revenue from new seats increased 20% Total 3D revenue increased 26% Revenue from emerging countries increased 40% and represents 17% of revenue Subscription revenue increased 31% Non-GAAP EPS $1.88 Non-GAAP operating margin 27% Cash flow from operations $708M GAAP to Non-GAAP reconciliation in appendix
Strong Growth in Revenue FY2006 FY2005 Y/Y % Change Revenue ($M) $1,523 $1,234 +23% Gross Margin 89% 86% +3pp Pro-Forma Operating Margin 25% 21% +4pp Pro-Forma EPS $1.28 $0.88 +45%
Non-GAAP Operating Margin Improvement FY07 and Q1 & Q2 FY08 Affected by Stock Option Review Costs
New Business Drives Revenue Growth
2D and 3D Drive New Business Investor Day 2008
Total 3D Revenue Strong Growth
3D Installed Base Strong Growth
Total 3D Penetration 13% <Slide 27b – AEC 3D Installed Base > Even with the tremendous growth we continue to see, we have only just begun to penetrate our huge 2D customer base. 13%
Subscription Users Approximately 1.5M Users Investor Day 2008
Emerging Markets Accelerate Growth Total Revenue ($M)
Industry Leading Revenue Linearity 2008 2007 2006 2005
Shares Outstanding Remain Flat Overhang Continues to Decline 223
Strong Cash Flow Approximately 2/3 of cash is international Cash flow from operations $708M Uses of cash Acquisitions Offset dilution from employee stock plans $257M of cash including $50M drawn on credit line to repurchase 8M shares Minimal exposure to asset-backed securities (< $10M) Investor Day 2006
FY 2009 Financial Goals More of the Same… Achieve our growth and margin objectives Execute right investments to drive future growth Grow emerging countries Maintain excellent capital management Minimal shareholder dilution Increasing ROE Increasing EPS Ensure systems and processes support efficient growth Investor Day 2006
Guidance Summary Q1 FY 2009 Q2 FY 2009 Fiscal FY 2009 Long Term Goal Revenue $590M - $595M GAAP EPS $0.37 - $0.38 Non-GAAP EPS $0.47 - $0.48 Q2 FY 2009 Revenue $600M - $610M GAAP EPS $0.42 - $0.44 Non-GAAP EPS $0.52 - $0.54 Fiscal FY 2009 Revenue $2.45B - $2.50B GAAP EPS $1.80 - $1.90 Non-GAAP EPS $2.20 - $2.30 Tax Rate 26% Long Term Goal 15% CAGR Revenue Investor Day 2006