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During the course of this presentation, we may make projections or other

forward-looking statements regarding future events or the future financial

performance of the company. We wish to caution you that such statements

are just predictions and that actual events or results may differ materially. We

refer you to the documents the company files regularly with the Securities and

Exchange Commission, specifically the company's most recent Form 10-K and

Form10-Q. These documents contain and identify important factors that could

cause the actual results to differ materially from those contained in our

projections or forward-looking statements.

Safe Harbor Warning

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A Snapshot of Our Long-Term Track Record of Growth

• Revenue: $286M in Q1 2013

• Global Operations: Approximately 7,100 employees; operations in more than 40 countries

• Broad customer base: More than 35,000 companies served annually

• Diversity: No industry >15% of revenue

• Culture: Ranked among top 25 companies to work for worldwide by the Great Places to Work Institute

• Strong Cash Position: Cash and short-term investments of $327M at March 31, 2013

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Low-Cost Modular Measurement and Control Hardware

Productive Software Development Tools

Highly Integrated Systems Platforms

National Instruments equips engineers and scientists with tools that accelerate productivity, innovation, and discovery

What We Do

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Graphical System DesignA Platform-Based Approach for Measurement and Control

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Empowering Users Through SoftwareProviding unique differentiation and preserving customer investments

LEGO®

MINDSTORMS® EV3SpaceX ®

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Leveraging Commercial TechnologyExpanding measurement capability

Traditional Instruments

NI Products

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Total Market: $21 billion

Test and Measurement

Total Market: $40 billion

Industrial Embedded

GeneralPurpose

Wireless and Communications

Semiconductor Real-Time Test

Programmable Logic Controllers

CustomDesign

SBC/Embedded

NI Growth Opportunity Areas

Structural Test

Source: Frost & Sullivan, Prime Data, and NI Estimates

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Test and Measurement (T&M)

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The Traditional Approach to Automated Test

Oscilloscope

Logic Analyzer

Spectrum AnalyzerDMM

Communications Analyzer

LCR Meter

FunctionGenerator

Power Supply

Pattern Generator

Programmable Switch

Source: Agilent, Keithley, and Nicolet

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NI Graphical System Design Approach to Automated Test

Traditional Solution PXI Solution

� Lower cost� Higher performance � Smaller size � Flexibility� Easily upgradable design � User-defined solution

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Embedded Systems

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The Customer Decision: Build or Buy

Build•Custom HW/SW solution•Long lead times for new product•Significant resource requirements

Buy•Off-the-shelf hardware with LabVIEW•Use less resources because systems are pre-built

•Faster time to market

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The Long Tail of Innovation in Embedded Measurement and Control Systems

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Financial History

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Strong Track Record of Growth and Profitability

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Our Long -Term View

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Driving Future Growth Through Our Investments

* Represents National Instruments expected headcount, communicated April 25, 2013.

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Diversity of Applications

No Industry >15% of Revenue in 2012

SemiconductorsEnergy

Big Physics

Life Sciences

Consumer Electronics

Mobile Devices

AutomotiveAdvanced Research

Defense/Aerospace

Academic

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*National Instruments defines large orders as orders over $20,000

Worldwide Large Order* Growth

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*A reconciliation of GAAP to non-GAAP results is available at investor.ni.com

Global PMI vs. NI Non-GAAP Revenue* Growth

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Optimizing Our Operating Model

*A reconciliation of GAAP to non-GAAP results is available at investor.ni.com

Non-GAAP Operating Income* and R&D as % of Revenue

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*A reconciliation of GAAP to non-GAAP results is available at investor.ni.com

Preserving our Non-GAAP* Gross Margins

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2013 Strategic GoalsDrive Organic Revenue Growth• Sustain our strategic investments in R&D and field sales

• Broaden and deepen our customer relationships

• Enhancing NI service offerings and partner network

Deliver Strong Profitability• Optimize NI operating expenses

• Preserve our strong gross margins

• Drive efficiency of resources added in 2011

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