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 |
| | | | | | | | | | | | |
| | | | | 3Q07 | | | 3Q08 | | | Type |
| Proxy | | Equities | | $ | 47.5 | | | $ | 42.9 | | | RC |
| | Stock Record Position Growth | | | -0.9 | % | | | -0.1 | % | | |
| | Pieces | | | 25.3 | | | | 23.8 | | | |
| | | | |
| | Mutual Funds | | $ | 31.1 | | | $ | 29.4 | | | ED |
| | Pieces | | | 20.8 | | | | 35.8 | | | |
| | | | |
| | Contests/Specials | | $ | 15.0 | | | $ | 3.5 | | | ED |
| | Pieces | | | 7.0 | | | | 2.1 | | | |
| | | | |
| | | | | | | | | | | | |
| | Total Proxy | | $ | 93.6 | | | $ | 75.8 | | | |
| | Total Pieces | | | 53.1 | | | | 61.7 | | | |
| | | | |
| Interims | | Mutual Funds (Annual/Semi-Annual Reports/Annual Prospectuses) | | $ | 54.6 | | | $ | 60.9 | | | RC |
| | Position Growth | | | 7.1 | % | | | 8.8 | % | | |
| | Pieces | | | 100.3 | | | | 112.7 | | | |
| | | | |
| | Mutual Funds (Supplemental Prospectuses) & Other | | $ | 41.6 | | | $ | 64.7 | | | ED |
| | Pieces | | | 88.8 | | | | 106.3 | | | |
| | | | |
| | | | | | | | | | | | |
| | Total Interims | | $ | 96.2 | | | $ | 125.6 | | | |
| | Total Pieces | | | 189.1 | | | | 219.0 | | | |
| | | | |
| Transaction Reporting | | Transaction Reporting | | $ | 85.0 | | | $ | 80.7 | | | RC |
| | | | |
| Fulfillment | | Post-Sale Fulfillment | | $ | 32.4 | | | $ | 35.7 | | | RC |
| | | | |
| | Pre-Sale Fulfillment | | $ | 13.0 | | | $ | 12.7 | | | ED |
| | | | |
| | | | | | | | | | | | |
| | Total Fulfillment | | $ | 45.4 | | | $ | 48.4 | | | |
| | | | |
| Other Communications | | Other(1) | | $ | 19.5 | | | $ | 12.4 | | | ED |
| | | | |
| | Total Net Revenue - Non-GAAP(2) | | $ | 339.7 | | | $ | 342.9 | | | |
| | Transfer price adjustment | | | — | | | | — | | | |
| | | | | | | | | | | | |
| | Total Net Revenue as reported - GAAP(2) | | $ | 339.7 | | | $ | 342.9 | | | |
| | | | | | | | | | | | |
| | Distribution Fees % of Total Net Revenue- Non-GAAP | | | 54.1 | % | | | 54.3 | % | | |
| (1) | Other includes pieces of 2.0M for 3Q08 and 4.9M for 3Q07 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 |
| | | | | | | | | | |
| | | | | 3Q07 | | 3Q08 | | Type |
| Equity | | | | | | | | | | |
| Transaction-Based | | Equity Trades | | $ | 70.3 | | $ | 65.7 | | RC |
| | Trade Volume (Average Trades per Day in ‘000) | | | 2,440 | | | 2,538 | | |
| | | | |
| Non-Transaction | | Other Equity Services | | $ | 46.6 | | $ | 44.5 | | RC |
| | | | |
| | | | | | | | | | |
| | Total Equity | | $ | 116.9 | | $ | 110.2 | | |
| | | | |
| Fixed Income | | | | | | | | | | |
| Transaction-Based | | Fixed Income Trades | | $ | 11.4 | | $ | 13.0 | | RC |
| | Trade Volume (Average Trades per Day in ‘000) | | | 206 | | | 248 | | |
| | | | |
| Non-Transaction | | Other Fixed Income Services | | $ | 6.5 | | $ | 5.8 | | RC |
| | | | |
| | | | | | | | | | |
| | Total Fixed Income | | $ | 17.9 | | $ | 18.8 | | |
| | | | |
| | Total Net Revenue - Non-GAAP | | $ | 134.8 | | $ | 129.0 | | |
| | Transfer price adjustment | | | — | | | — | | |
| | | | | | | | | | |
| | Total Net Revenue as reported - GAAP | | $ | 134.8 | | $ | 129.0 | | |
| | | | | | | | | | |
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 |
| | | | | | | | | | | |
| | | | | 3Q07 | | 3Q08 | | | Type |
| Clearing | | Net Interest Income(1) | | $ | 7.7 | | $ | 6.2 | | | RC |
| | Average Margin Debits | | $ | 689.7 | | $ | 969.8 | | | |
| | | | |
| | Clearing Fees/Other | | $ | 9.5 | | $ | 12.1 | | | RC |
| | Trade Volume (Average Trades per Day in ‘000) | | | 27.6 | | | 47.0 | | | |
| | | | |
| Outsourcing | | Outsourcing | | $ | 6.0 | | $ | 4.6 | | | RC |
| | # of Clients | | | 3 | | | 4 | (2) | | |
| | | | |
| | Total Net Revenue - Non-GAAP | | $ | 23.2 | | $ | 22.9 | | | |
| | Transfer price adjustment | | | — | | | — | | | |
| | | | | | | | | | | |
| | Total Net Revenue as reported - GAAP | | $ | 23.2 | | $ | 22.9 | | | |
| | | | | | | | | | | |
| (1) | Referred to as “Margin Revenues” in Key Statistics for prior quarters. |
| (2) | Currently record E*Trade and E*Trade Canada as one client. Previously recorded as two separate clients in 1Q08 and 2Q08. |
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.
