Mercury Systems FY19 Investor Day Presentation

Mercury continues to deliver strong financial results ,21%, YoY 209 FY14 27% YoY 247 FY14 Revenue ($M) 24% CAGR 235 FY15 T 269 270 Bookings ($M) 23% CAGR FY15 FY16 FY17 © 2018 Mercury Systems, Inc. 409 299 444 493 FY18 564 .64%. YOY GAAP Income ($M) .24% YoY (4.1) FY14 FY15 22 14.4 19.7 44 FY16 FY17 Adj. EBITDA ($M) 24.9 51% CAGR 56 93 40.9 FY18 115 .48% YOY (0.13) FY14 23% YoY 0.38 GAAP EPS ($) FY14 0.44 0.56 FY15 FY16 FY17 Adj. EPS ($) 39% CAGR 0.82 0.58 0.96 1.15 0.86 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 FY15 FY16 FY17 Notes: For the fiscal year ended June 30, 2018. Bookings as reported in the Company's earnings announcement on July 31, 2018. Other figures as reported in the Company's Form 10-K for the fiscal year ended June 30, 2018. CAGR figures for the period FY2014-2018. See reconciliation of GAAP to non-GAAP financial measures tables in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Form 10-K. Numbers are rounded. Per share data is presented on a fully diluted basis. As of Q1 FY19, the Company has revised its definition of adjusted EBITDA to incorporate other non-operating adjustments, net, which incudes gains or losses on foreign currency measurement and fixed assets sales and disposals among other adjustments. FY18 1.42 FY18 8

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