Spirent Communications Investor Presentation — March 2018

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Spirent Communications plc

2017 Full Year Results

March 20182 Spirent Communications PROPRIETARY AND CONFIDENTIAL

Safe Harbour Statement

This presentation and thesubsequent question and answer session may contain forward -looking statements that arebased oncurrent

expectations orbeliefs, aswell asassumptions about future events .There arerisk factors that could cause our actual results todiffer

materially from those expressed inorimplied bysuch statements .

Spirent disclaims any intention orobligation torevise orupdate any forward -looking statements that may bemade during this

presentation orthe subsequent question and answer session regardless ofwhether those statements areaffected asaresult ofnew

information, future events orotherwise .3 Spirent Communications PROPRIETARY AND CONFIDENTIAL

Strategic Priorities

Sharp focus on target markets

Innovate –maintain market

Strong financial and operational

platform•Portfolio rationalisation –divestments made

•Accelerated growth in Lifecycle Service Assurance and

Application Security

•Key strategic wins secured –moving into ‘live’ test

•Lead in high -speed Ethernet and Positioning

•First -to-market with new products and enhancements

•Expanded in Tier 1 service provider customers

•Increased profitability. Significant cost reduction

•Organisation alignment and talent review

•Doubled free cash flow

•Special dividend 5 cents per share, increased final dividend2017 progress4 Spirent Communications PROPRIETARY AND CONFIDENTIAL

Chief Financial Officer

2017 Financial Results5 Spirent Communications PROPRIETARY AND CONFIDENTIAL

Click to edit master title styleKey Metrics

(1) Before exceptional items, acquired intangible asset amortisation, goodwill and acquired intangible asset impairment and s hare-based payment

(2) Before gain on divestment, impairment of investment in associate, revaluation of deferred tax assets due to US tax reform , prior year tax and tax on items in note (1)

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