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.