 January 2nd, 2014 Reimagined Security FireEye Conference Call and Webcast Exhibit 99.2 |
 Copyright © 2014, FireEye, Inc. All rights reserved. 2 Safe Harbor This presentation contains forward-looking statements about the expectations, beliefs, plans, intentions and strategies of FireEye relating to FireEye’s acquisition of Mandiant. Such forward-looking statements include statements regarding future product offerings; expected benefits to FireEye, Mandiant and their respective customers; expected financial impact of the acquisition on FireEye; and plans regarding Mandiant and Mandiant personnel. These statements reflect the current beliefs of FireEye and are based on current information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. The ability of FireEye to achieve these business objectives involves many risks and uncertainties that could cause actual outcomes and results to differ materially and adversely from those expressed in any forward-looking statements. These risks and uncertainties include the failure to achieve expected synergies and efficiencies of operations between FireEye and Mandiant; the ability of FireEye and Mandiant to successfully integrate their respective market opportunities, technology, products, personnel and operations; the failure to timely develop and achieve market acceptance of combined products and services; the potential impact on the business of Mandiant as a result of the acquisition; the loss of any Mandiant customers; the ability to coordinate strategy and resources between FireEye and Mandiant; the ability of FireEye and Mandiant to retain and motivate key employees of Mandiant; general economic conditions; as well as those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our Form 10-Q filed with the Securities and Exchange Commission on November 14, 2013 for the quarter ended September 30, 2013, which is available on the Investor Relations section of our website at investors.FireEye.com This presentation includes certain non-GAAP financial measures as defined by the SEC rules. As required by Regulation G, we have provided a reconciliation of those measures to the most directly comparable GAAP measures, which is available in the appendix. and on the SEC website at www.sec.gov. |
 January 2nd, 2014 Reimagined Security Unifying leading security companies to create a complete platform to combat advanced cyber threats FireEye Acquires Mandiant |
 FIREEYE & MANDIANT UNITED David DeWalt Chairman and Chief Executive Officer, FireEye MANDIANT AT A GLANCE Kevin Mandia Chief Operating Officer, FireEye FINANCIAL OVERVIEW Michael Sheridan Chief Financial Officer, FireEye Copyright © 2014, FireEye, Inc. All rights reserved. 4 AGENDA |
 State of Cyber Security PERFECT OPPORTUNITY Innovation Creates Perfect Platform of Evil Current Security Models Ineffective New Models Required Cyber Threats More Advanced & Complex than Ever |
 Creates the ONLY company that can deliver a comprehensive platform to detect, resolve, and prevent advanced attacks on a global basis Brings together the leading advanced threat detection vendor and the leader in incident response management Accelerates DEPLOYMENT of FireEye’s MVX technology from network to endpoint Combines FireEye’s real-time intelligence gathered from 2M+ VMs and Mandiant’s real-time monitoring of 2M+ endpoints to create the most comprehensive platform Increases global scale and time to profitability for the combined company Significantly expands TAM (from $11.6Bn to ~$30Bn) to include endpoint products, cloud offerings, services, and managed defense (MSP) Presents strong synergy opportunities for cross selling, up-selling respective product lines FireEye and Mandiant United Copyright © 2014, FireEye, Inc. All rights reserved. 6 |
 Copyright © 2014, FireEye, Inc. All rights reserved. 7 VIRTUAL MACHINE BASED PRODUCTS CONTINUOUS MONITORING MANAGED DEFENSE INCIDENT RESPONSE 24x7 Global Support Significantly reduced time to remediation Real Time FireEye and Mandiant United SERVICES |
 Copyright © 2014, FireEye, Inc. All rights reserved. 8 Significant Revenue Synergy Potential Cross Sell International Expansion Product Enhancements FireEye’s broader international footprint accelerates Mandiant’s international go-to market efforts Sell email and web into Mandiant’s customer base FireEye product development excellence can accelerate Mandiant's efforts Positions the combined company to offer a differentiated IPS solution Bolsters the value of DTI threat data Mandiant accelerates FireEye’s efforts to proliferate MVX onto endpoints Provide an enhanced cloud offering to the combined customer base Sell endpoint into FireEye’s customer base |
 At Mandiant We Live the Headlines Every Day Copyright © 2014, FireEye, Inc. All rights resered. 9 |
 Copyright © 2014, FireEye, Inc. All rights reserved. 10 Mandiant’s Solutions Resolve Security Incidents Security incident response management platform & managed service High-end, white glove incident response & security consulting services Unmatched intelligence about tools & tactics of advanced attack groups directly from the front lines PRODUCTS SERVICES THREAT INTEL |
 11 Addressing the Entire Advanced Threat Lifecycle Stop Attacks Virtual machine- based detection to stop attacks. Investigate & Respond Endpoint forensics & incident response expertise. * Median # of days attackers are present on a victim network before detection (source: Mandiant M-Trends 2013). RESPOND & CONTAIN PREVENT DETECT 243 Days* Network-Based Threat Detection Best-in class products for detecting threats on the Network. Endpoint-Based Threat Detection Best-in class products for finding threats on Endpoints. |
 Mandiant Overview THE LEADER IN SECURITY INCIDENT RESPONSE MANAGEMENT Founded in 2004 Undisputed leader in incident response Category creator for endpoint threat detection & response products Curator of unparalleled threat intelligence repository Industry Thought Leaders 2013 sales >$100M 3-Year revenue CAGR of ~50% Profitable while growing rapidly Strong Financial Position “Who’s Who” of the Fortune 1000 More than 33% of the Fortune 100 2012 top 25 customers >$1MM Diversified Enterprise Customer Base Copyright © 2014, FireEye, Inc. All rights reserved. 12 50%+ sales from endpoint products and subscriptions |
 Copyright © 2014, FireEye, Inc. All rights reserved. 13 Billings $48.5M $82M - $86M $95M - $100M 96% - 106% Revenue $31.7M $52M - $54M $55M - $57M 74% - 80% Billings $129.6M $254M - $259M 96% - 100% Revenue $83.3M $159M - $161M 91% - 93% 2013 Preliminary Results: FireEye Standalone $240M - $245M $156M - $158M Q4 ‘12 Actual Q4 ’13 Guidance (Provided in Q3 2013 Earnings Call) Preliminary Q4 ‘13 Results %’s are growth rates 2012 Actual 2013 Guidance Preliminary 2013 Results (Provided in Q3 2013 Earnings Call) %’s are growth rates |
 Mandiant – Historical Financial Metrics Operating margin and cash flow have historically been breakeven to slightly positive. Copyright © 2014, FireEye, Inc. All rights reserved. 14 40% - 50% Total 100% 70% - 74% Product Subscriptions and Support Product Incident Response Services Revenue Category % of Total Revenue Gross Margin % 30% - 40% 10% - 20% 77% - 82% 72% - 77% 60% - 65% |
 Copyright © 2014, FireEye, Inc. All rights reserved. 15 2013 Guidance (Provided in Q3 2013 Earnings Call) 2014 Guidance (Provided in Q3 2013 Earnings Call) Midpoint of Guidance Growth Rates Billings 48% Revenue 56% Combined 2014 Guidance Midpoint of Guidance Growth Rates Billings $540M - $560M 42% Revenue $400M - $410M 50% FireEye Standalone Guidance Recap Combined Company 2014 Guidance 2014 Combined Guidance: Revenues & Billings $240M - $245M $156M - $158M $350M - $370M $240M - $250M |
 Copyright © 2014, FireEye, Inc. All rights reserved. 16 FireEye YTD Q3 2013 Combined Company 2014 Product 54% 40% - 45% Product Subscription and Support 44% 40% - 45% Incident Response & Professional Services 2% 15% - 17% % of Total Revenue 2014 Combined Guidance: Other Financial Metrics • Gross Margins stable at 70% - 73% for combined company • Combination expected to improve non-GAAP operating margins and cash flows as a percentage of revenue |
 Copyright © 2014, FireEye, Inc. All rights reserved. 17 Key Integration Priorities • Sales Capacity Expansion – Leverage FireEye recruiting resources • International Expansion – Leverage existing FireEye international infrastructure • Operations & Systems – Integrate ERP and CRM systems – Integrate Finance, Legal & HR – Facilitate cross-sell, up-sell & TCV expansion through integration of GTM strategies and product management infrastructure |
 Copyright © 2014, FireEye, Inc. All rights reserved. 18 Transaction Overview ~$1 billion in transaction value 16.9 million FireEye shares and ~$106.5 million cash Assumed 4.6 million options Equity issued represents ~13% pro forma ownership Cash funded from FireEye’s balance sheet Consideration Financial Timeline Significant increase in revenue Sustained high growth rate for combined company Combination expected to improve non-GAAP Regulatory clearance filed early and received prior to close Approved by both Boards, signed and closed on December 30 |
 Copyright © 2014, FireEye, Inc. All rights reserved. 19 Creates complete end to end provider of solutions to protect against advanced targeted attacks Enhances our competitive positioning against incumbents Enhances our scale and time to profitability Expands our TAM Significant top line and bottom line synergy opportunities FireEye and Mandiant United! |
 Appendix |
 Copyright © 2014, FireEye, Inc. All rights reserved. 21 Reconciliation of Preliminary Q4’13 and Fiscal Year Billings to Revenue |
 Reimagined Security |