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 |
4Q07 | 4Q08 | FY07 | FY08 | Type | ||||||||||||||||
Proxy | Equities | $ | 328.5 | $ | 333.5 | $ | 478.1 | $ | 465.2 | RC | ||||||||||
Stock Record Position Growth | 1 | % | 2 | % | 0 | % | 2 | % | ||||||||||||
Pieces | 205.3 | 216.6 | 289.9 | 297.8 | ||||||||||||||||
Mutual Funds | $ | 51.7 | $ | 60.5 | $ | 147.9 | $ | 175.9 | ED | |||||||||||
Pieces | 42.0 | 68.0 | 127.3 | 176.6 | ||||||||||||||||
Contests/Specials | $ | 25.5 | $ | 13.1 | $ | 64.4 | $ | 35.7 | ED | |||||||||||
Pieces | 11.2 | 7.9 | 31.9 | 21.1 | ||||||||||||||||
Total Proxy | $ | 405.7 | $ | 407.1 | $ | 690.4 | $ | 676.8 | ||||||||||||
Total Pieces | 258.5 | 292.5 | 449.1 | 495.5 | ||||||||||||||||
Interims | Mutual Funds (Annual/Semi-Annual Reports/AnnualProspectuses) | $ | 46.8 | $ | 54.6 | $ | 184.6 | $ | 214.3 | RC | ||||||||||
Position Growth | 11 | % | 6 | % | 9 | % | 9 | % | ||||||||||||
Pieces | 100.6 | 102.3 | 366.3 | 401.1 | ||||||||||||||||
Mutual Funds (Supplemental Prospectuses) & Other | $ | 42.1 | $ | 31.0 | $ | 155.2 | $ | 164.7 | ED | |||||||||||
Pieces | 86.7 | 60.2 | 332.8 | 301.3 | ||||||||||||||||
Total Interims | $ | 88.9 | $ | 85.6 | $ | 339.8 | $ | 379.0 | ||||||||||||
Total Pieces | 187.3 | 162.5 | 699.1 | 702.4 | ||||||||||||||||
Transaction Reporting | Transaction Reporting | $ | 63.9 | $ | 70.3 | $ | 283.7 | $ | 276.3 | RC | ||||||||||
Fulfillment | Post-Sale Fulfillment | $ | 32.6 | $ | 36.6 | $ | 118.6 | $ | 135.4 | RC | ||||||||||
Pre-Sale Fulfillment | $ | 13.0 | $ | 12.4 | $ | 51.2 | $ | 49.1 | ED | |||||||||||
Total Fulfillment | $ | 45.6 | $ | 49.0 | $ | 169.8 | $ | 184.5 | ||||||||||||
Other Communications | Other(1) | $ | 15.3 | $ | 18.0 | $ | 68.5 | $ | 58.6 | ED | ||||||||||
Total Net Revenue - Non-GAAP(2) | $ | 619.4 | $ | 630.0 | $ | 1,552.2 | $ | 1,575.2 | ||||||||||||
Transfer price adjustment | — | — | 2.0 | — | ||||||||||||||||
Total Net Revenue as reported - GAAP(2) | $ | 619.4 | $ | 630.0 | $ | 1,554.2 | $ | 1,575.2 | ||||||||||||
Distribution Fees % of Total Net Revenue- Non-GAAP | 52.1 | % | 48.9 | % | 52.8 | % | 51.3 | % |
(1) | Other includes pieces of 2.5M for 4Q08 and 3.4M for 4Q07, 12.6M for FY08 and 18.6M for FY07 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 |
4Q07 | 4Q08 | FY07 | FY08 | Type | ||||||||||||
Equity | ||||||||||||||||
Transaction-Based | Equity Trades | $ | 65.3 | $ | 66.5 | $ | 262.9 | $ | 261.5 | RC | ||||||
Trade Volume (Average Trades per Day in ‘000) | 2,452 | 2,422 | 2,195 | 2,481 | ||||||||||||
Non-Transaction | Other Equity Services | $ | 47.0 | $ | 46.3 | $ | 172.9 | $ | 177.2 | RC | ||||||
Total Equity | $ | 112.3 | $ | 112.8 | $ | 435.8 | $ | 438.7 | ||||||||
Fixed Income | ||||||||||||||||
Transaction-Based | Fixed Income Trades | $ | 12.2 | $ | 13.3 | $ | 45.2 | $ | 51.1 | RC | ||||||
Trade Volume (Average Trades per Day in ‘000) | 211 | 266 | 195 | 237 | ||||||||||||
Non-Transaction | Other Fixed Income Services | $ | 6.4 | $ | 7.3 | $ | 22.9 | $ | 24.6 | RC | ||||||
Total Fixed Income | $ | 18.6 | $ | 20.6 | $ | 68.1 | $ | 75.7 | ||||||||
Total Net Revenue - Non-GAAP | $ | 130.9 | $ | 133.4 | $ | 503.9 | $ | 514.4 | ||||||||
Transfer price adjustment | — | — | 6.0 | — | ||||||||||||
Total Net Revenue as reported - GAAP | $ | 130.9 | $ | 133.4 | $ | 509.9 | $ | 514.4 | ||||||||
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 |
4Q07 | 4Q08 | FY07 | FY08 | Type | |||||||||||||
Clearing | Net Interest Income(1) | $ | 8.0 | $ | 5.4 | $ | 30.9 | $ | 27.1 | RC | |||||||
Average Margin Debits | $ | 739.8 | $ | 830.2 | $ | 687.7 | $ | 898.3 | |||||||||
Clearing Fees/Other | $ | 11.4 | $ | 13.2 | $ | 39.4 | $ | 49.6 | RC | ||||||||
Trade Volume (Average Trades per Day in ‘000) | 60.5 | 49.0 | 33.6 | 47.5 | |||||||||||||
Outsourcing | Outsourcing | $ | 6.2 | $ | 4.9 | $ | 23.5 | $ | 19.1 | RC | |||||||
# of Clients | 4 | 5 | 4 | 5 | (2) | ||||||||||||
Total Net Revenue - Non-GAAP | $ | 25.6 | $ | 23.5 | $ | 93.8 | $ | 95.8 | |||||||||
Transfer price adjustment | — | — | — | — | |||||||||||||
Total Net Revenue as reported - GAAP | $ | 25.6 | $ | 23.5 | $ | 93.8 | $ | 95.8 | |||||||||
(1) | Referred to as “Margin Revenues” in Key Statistics prior to 3Q08. |
(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.