Exhibit 99.1
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Broadridge Financial Solutions, Inc. |
Investor Communication Solutions |
Key Statistics |
(volume and $ in millions) |
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Legend: | | | | | | |
Type | | | | | | |
RC | | = | | Recurring | | — Low Volatility |
ED | | = | | Event-Driven | | — High Volatility |
| | | | | | | | | | | | |
| | | | | | 2Q07 | | 2Q08 | | Type |
Proxy | | | | Equities | | $ | 47.1 | | $ | 47.1 | | RC |
| | | | Stock Record Position Growth | | | 3.0% | | | -3.6% | | |
| | | | Pieces | | | 29.6 | | | 31.5 | | |
| | | | | |
| | | | Mutual Funds | | $ | 34.2 | | $ | 48.5 | | ED |
| | | | Pieces | | | 33.2 | | | 45.3 | | |
| | | | | |
| | | | Contests/Specials | | $ | 6.7 | | $ | 6.6 | | ED |
| | | | Pieces | | | 4.4 | | | 4.6 | | |
| | | | | | | | | | | | |
| | | | | |
| | | | Total Proxy | | $ | 88.0 | | $ | 102.2 | | |
| | | | Total Pieces | | | 67.2 | | | 81.4 | | |
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Interims | | | | Mutual Funds (Annual/Semi-Annual Reports/Annual Prospectuses) | | $ | 40.2 | | $ | 48.3 | | RC |
| | | | Position Growth | | | 6.0% | | | 9.1% | | |
| | | | Pieces | | | 83.7 | | | 93.9 | | |
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| | | | Mutual Funds (Supplemental Prospectuses) & Other | | $ | 38.0 | | $ | 33.4 | | ED |
| | | | Pieces | | | 84.4 | | | 65.9 | | |
| | | | | | | | | | | | |
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| | | | Total Interims | | $ | 78.2 | | $ | 81.7 | | |
| | | | Total Pieces | | | 168.1 | | | 159.8 | | |
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Transaction | | | | Transaction Reporting | | $ | 68.5 | | $ | 64.6 | | RC |
Reporting | | | | | | | | | | | | |
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Fulfillment | | | | Post-Sale Fulfillment | | $ | 27.0 | | $ | 32.1 | | RC |
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| | | | Pre-Sale Fulfillment | | $ | 13.1 | | $ | 12.4 | | ED |
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| | | | Total Fulfillment | | $ | 40.1 | | $ | 44.5 | | |
Other | | | | Other(1) | | $ | 11.3 | | $ | 10.2 | | ED |
Communications | | | | | | | | | | | | |
| | | | Total Net Revenue – Non-GAAP(2) | | $ | 286.1 | | $ | 303.2 | | |
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| | | | Transfer price adjustment | | | 1.0 | | | — | | |
| | | | | | | | | | | | |
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| | | | Total Net Revenue as reported– GAAP(2) | | $ | 287.1 | | $ | 303.2 | | |
| | | | | | | | | | | | |
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| | | | Distribution Fees % of Total Net Revenue – Non-GAAP | | | 52.1% | | | 51.8% | | |
(1) | Other includes pieces of 2.0M for 2Q08 and 2.9M for 2Q07 primarily related to corporate actions. |
(2) | Revenue numbers include distribution fees. |
Management believes that certain Non-GAAP (generally accepted accounting principles) measures, when presented in conjunction with comparable GAAP measures provide investors a more complete understanding of Broadridge’s underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. These measures should be considered in addition to, and not a substitute for the measures of financial performance prepared in accordance with GAAP.
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Broadridge Financial Solutions, Inc. |
Securities Processing Solutions |
Key Statistics |
( $ in millions) |
| | | | | | |
Legend: | | | | | | |
Type | | | | | | |
RC | | = | | Recurring | | — Low Volatility |
ED | | = | | Event-Driven | | — High Volatility |
| | | | | | | | | | | | |
| | | | | | 2Q07 | | 2Q08 | | Type |
Equity | | | | | | | | | | | | |
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Transaction-Based | | | | Equity Trades | | $ | 67.4 | | $ | 66.3 | | RC |
| | | | Trade Volume (Average Trades per Day in '000) | | | 2,086 | | | 2,492 | | |
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Non-Transaction | | | | Other Equity Services | | $ | 40.2 | | $ | 42.6 | | RC |
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| | | | Total Equity | | $ | 107.6 | | $ | 108.9 | | |
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Fixed Income | | | | | | | | | | | | |
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Transaction-Based | | | | Fixed Income Trades | | $ | 11.3 | | $ | 12.4 | | RC |
| | | | Trade Volume (Average Trades per Day in '000) | | | 186 | | | 216 | | |
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Non-Transaction | | | | Other Fixed Income Services | | $ | 5.7 | | $ | 6.3 | | RC |
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| | | | Total Fixed Income | | $ | 17.0 | | $ | 18.7 | | |
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| | | | Total Net Revenue—Non-GAAP | | $ | 124.6 | | $ | 127.6 | | |
| | | | | |
| | | | Transfer price adjustment | | | 3.1 | | | — | | |
| | | | | | | | | | | | |
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| | | | Total Net Revenue as reported—GAAP | | $ | 127.7 | | $ | 127.6 | | |
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Management believes that certain Non-GAAP (generally accepted accounting principles) measures, when presented in conjunction with comparable GAAP measures provide investors a more complete understanding of Broadridge’s underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. These measures should be considered in addition to, and not a substitute for the measures of financial performance prepared in accordance with GAAP.
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Broadridge Financial Solutions, Inc. |
Clearing and Outsourcing Solutions |
Key Statistics |
( $ in millions) |
| | | | | | |
Legend: | | | | | | |
Type | | | | | | |
RC | | = | | Recurring | | — Low Volatility |
ED | | = | | Event-Driven | | — High Volatility |
| | | | | | | | | | | | |
| | | | | | 2Q07 | | 2Q08 | | Type |
Clearing | | | | Margin Revenues | | $ | 7.8 | | $ | 7.5 | | RC |
| | | | Average Margin Debits | | $ | 687.6 | | $ | 923.0 | | |
| | | | | |
| | | | Clearing Fees/Other | | $ | 9.7 | | $ | 12.8 | | RC |
| | | | Trade Volume (Average Trades per Day in '000) | | | 24.0 | | | 48.7 | | |
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Outsourcing | | | | Outsourcing | | $ | 5.7 | | $ | 4.4 | | RC |
| | | | # of Clients | | | 3 | | | 5 | | |
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| | | | Total Net Revenue – Non-GAAP | | $ | 23.2 | | $ | 24.7 | | |
| | | | Transfer price adjustment | | | — | | | — | | |
| | | | | | | | | | | | |
| | | | Total Net Revenue as reported – GAAP | | $ | 23.2 | | $ | 24.7 | | |
| | | | | | | | | | | | |
Management believes that certain Non-GAAP (generally accepted accounting principles) measures, when presented in conjunction with comparable GAAP measures provide investors a more complete understanding of Broadridge’s underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. These measures should be considered in addition to, and not a substitute for the measures of financial performance prepared in accordance with GAAP.