Goldman Sachs Industrials & Materials Conference

Investment highlights Spent $1.3B since fiscal 2014 creating a unique business and model for A&D industry ● ● Innovative growth company at the intersection of high-tech and defense Focused on large, growing and well-funded addressable markets. - Proven transformational business model for A&D industry - R&D levels 4-5x industry average as percent of revenue Reusable, trusted and secure mission-critical technologies for speed, reduced risk and affordability Industry-leading secure computing subsystems developed by a highly cleared workforce Developed and produced in trusted facilities with a trusted supply chain. Destination employer and acquirer of choice - - Low-risk content expansion strategies delivering above-average organic revenue CAGR Upward vertical expansion for outsourced Tier 2 subsystems driving large dollar content increases Horizontal adjacent market expansion into other platforms and programs with similar needs Unique chip-scale innovation driving future highest-margin content expansion - - - Successful M&A strategy targeting new capabilities and market expansion In-house deal origination, M&A execution and acquisition integration Full integration drives substantial cost and revenue synergies over time Multiple M&A themes ongoing Scalable business platform - - - Our financial performance in top 5% of similarly sized public companies © 2020 Mercury Systems, Inc. 4

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