2020 Annual Meeting of Shareholders

13 Summary Demand strong and getting stronger as we begin Q4 FY23 ▪ Expect FY23 record bookings and positive book-to-bill ▪ Continued progress, rebound as mix shifts and execution improves, supply chain normalizes Expect FY24 to begin longer-term period of improved financial performance Five-year HSD/LDD organic revenue growth outlook benefits from higher defense spend ▪ Margin expansion driven by transition to program production, improved execution, 1MPACT ▪ Tailwinds drive stronger profitability, working capital efficiency, cash conversion Ⓒ Mercury Systems, Inc. Does not contain Technical Data. //Mercury Proprietary/No Tech Data// mercury

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