Exhibit 99.1
Broadridge Financial Solutions, Inc. | ||||||||||
| Investor Communication Solutions | ||||||||||
| Key Statistics | ||||||||||
(volume and $ in millions)
| ||||||||||
| 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 | ||||||||||
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 | ||||||||||
| Mutual Funds (Supplemental Prospectuses) & Other | $ | 38.0 | $ | 33.4 | ED | |||||||
Pieces | 84.4 | 65.9 | ||||||||||
| Total Interims | $ | 78.2 | $ | 81.7 | ||||||||
Total Pieces | 168.1 | 159.8 | ||||||||||
Transaction | Transaction Reporting | $ | 68.5 | $ | 64.6 | RC | ||||||
Reporting
| ||||||||||||
Fulfillment | Post-Sale Fulfillment | $ | 27.0 | $ | 32.1 | RC | ||||||
| Pre-Sale Fulfillment | $ | 13.1 | $ | 12.4 | ED | |||||||
| 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 | ||||||||
| Transfer price adjustment | 1.0 | — | ||||||||||
| Total Net Revenue as reported– GAAP(2) | $ | 287.1 | $ | 303.2 | ||||||||
| 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.
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 | ||||||||||||
Transaction-Based
| Equity Trades | $ | 67.4 | $ | 66.3 | RC | ||||||
Trade Volume (Average Trades per Day in '000) | 2,086 | 2,492 | ||||||||||
| Non-Transaction | Other Equity Services | $ | 40.2 | $ | 42.6 | RC | ||||||
| Total Equity | $ | 107.6 | $ | 108.9 | ||||||||
Fixed Income | ||||||||||||
| Transaction-Based | Fixed Income Trades | $ | 11.3 | $ | 12.4 | RC | ||||||
Trade Volume (Average Trades per Day in '000) | 186 | 216 | ||||||||||
| Non-Transaction | Other Fixed Income Services | $ | 5.7 | $ | 6.3 | RC | ||||||
| Total Fixed Income | $ | 17.0 | $ | 18.7 | ||||||||
| Total Net Revenue—Non-GAAP | $ | 124.6 | $ | 127.6 | ||||||||
| Transfer price adjustment | 3.1 | — | ||||||||||
| Total Net Revenue as reported—GAAP | $ | 127.7 | $ | 127.6 | ||||||||
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.
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 | ||||||||||
Outsourcing | Outsourcing | $ | 5.7 | $ | 4.4 | RC | ||||||
# of Clients | 3 | 5 | ||||||||||
| 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.