Exhibit 99.1
Broadridge Financial Solutions, Inc.
Investor Communication Solutions
Key Statistics
Annual as adjusted to provide fee revenues only
(volume and $ in millions)
Legend:
| | | | |
Type | | | | |
| RC | | = | | Recurring- Low Volatility |
| ED | | = | | Event-Driven- High Volatility |
| | | | | | | | | | | | | | |
| | | FY06 | | | FY07 | | | FY08 | | | Type |
Proxy | | | | | | | | | | | | | | |
| | | | |
Fee Revenues(1) | | | | | | | | | | | | | | |
Equities | | $ | 223.8 | | | $ | 227.0 | | | $ | 256.0 | | | RC |
Stock Record Position Growth | | | 4 | % | | | 0 | % | | | 2 | % | | |
Pieces | | | 288.9 | | | | 289.9 | | | | 297.8 | | | |
| | | | |
Mutual Funds | | $ | 61.5 | | | $ | 78.8 | | | $ | 92.1 | | | ED |
Pieces | | | 106.6 | | | | 127.3 | | | | 176.6 | | | |
| | | | |
Contests/Specials | | $ | 10.2 | | | $ | 28.5 | | | $ | 19.7 | | | ED |
Pieces | | | 14.3 | | | | 31.9 | | | | 21.2 | | | |
| | | | | | | | | | | | | | |
Total Proxy | | $ | 295.5 | | | $ | 334.3 | | | $ | 367.8 | | | |
Total Pieces | | | 409.8 | | | | 449.1 | | | | 495.6 | | | |
| | | | |
Interims | | | | | | | | | | | | | | |
Mutual Funds (Annual/Semi-Annual Reports/Annual Prospectuses) | | $ | 67.4 | | | $ | 69.7 | | | $ | 73.9 | | | RC |
Position Growth | | | 8 | % | | | 9 | % | | | 9 | % | | |
Pieces | | | 335.7 | | | | 366.3 | | | | 401.1 | | | |
| | | | |
Mutual Funds (Supplemental Prospectuses) & Other | | $ | 43.3 | | | $ | 51.2 | | | $ | 48.9 | | | ED |
Pieces | | | 290.1 | | | | 332.8 | | | | 301.3 | | | |
| | | | | | | | | | | | | | |
Total Interims | | $ | 110.7 | | | $ | 120.9 | | | $ | 122.8 | | | |
Total Pieces | | | 625.8 | | | | 699.1 | | | | 702.4 | | | |
| | | | |
Transaction Reporting | | | | | | | | | | | | | | |
| | | | |
Transaction Reporting | | $ | 133.9 | | | $ | 129.6 | | | $ | 124.7 | | | RC |
| | | | |
Fulfillment | | | | | | | | | | | | | | |
Post-Sale Fulfillment | | $ | 51.5 | | | $ | 59.9 | | | $ | 70.4 | | | RC |
Pre-Sale Fulfillment | | $ | 32.6 | | | $ | 37.4 | | | $ | 37.5 | | | ED |
| | | | | | | | | | | | | | |
Total Fulfillment | | $ | 84.1 | | | $ | 97.3 | | | $ | 107.9 | | | |
| | | | |
Other Communications | | | | | | | | | | | | | | |
Other(2) | | $ | 42.7 | | | $ | 49.9 | | | $ | 44.2 | | | ED |
| | | | | | | | | | | | | | |
Total Fee Revenues | | $ | 666.9 | | | $ | 732.0 | | | $ | 767.4 | | | |
Total Distribution Revenues | | $ | 728.7 | | | $ | 820.2 | | | $ | 807.8 | | | |
| | | | | | | | | | | | | | |
Total Net Revenue - Non-GAAP | | $ | 1,395.6 | | | $ | 1,552.2 | | | $ | 1,575.2 | | | |
Transfer price adjustment | | | 4.5 | | | | 2.0 | | | | — | | | |
| | | | | | | | | | | | | | |
Total Net Revenue as reported - GAAP | | $ | 1,400.1 | | | $ | 1,554.2 | | | $ | 1,575.2 | | | |
| | | | | | | | | | | | | | |
| (1) | These items represent fee revenues only and exclude distribution revenues which are set out separately. The historical numbers have been adjusted to exclude distribution revenues. |
| (2) | Other includes pieces of 11.4M for FY06, 18.6M for FY07 and 12.6M for FY08 primarily related to corporate actions. |
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.
Investor Communication Solutions
Key Statistics
Quarterly Detailed as adjusted to provide fee revenues only
(volume and $ in millions)
Legend:
| | | | |
| Type | | | | |
| RC | | = | | Recurring- Low Volatility |
| ED | | = | | Event-Driven- High Volatility |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 1Q07 | | | 2Q07 | | | 3Q07 | | | 4Q07 | | | 1Q08 | | | 2Q08 | | | 3Q08 | | | 4Q08 | | | Type |
Proxy | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fee Revenues(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | |
Equities | | $ | 23.1 | | | $ | 22.9 | | | $ | 20.8 | | | $ | 160.2 | | | $ | 22.3 | | | $ | 25.7 | | | $ | 24.2 | | | $ | 183.9 | | | RC |
Stock Record Position Growth | | | 1 | % | | | -3 | % | | | -1 | % | | | 1 | % | | | -1 | % | | | -4 | % | | | 0 | % | | | 2 | % | | |
Pieces | | | 29.8 | | | | 29.6 | | | | 25.3 | | | | 205.3 | | | | 25.8 | | | | 31.6 | | | | 23.8 | | | | 216.6 | | | |
| | | | | | | | | |
Mutual Funds | | $ | 15.9 | | | $ | 18.7 | | | $ | 16.1 | | | $ | 28.1 | | | $ | 20.8 | | | $ | 26.4 | | | $ | 17.2 | | | $ | 27.6 | | | ED |
Pieces | | | 31.3 | | | | 33.2 | | | | 20.8 | | | | 42.0 | | | | 27.6 | | | | 45.3 | | | | 35.8 | | | | 68.0 | | | |
| | | | | | | | | |
Contests/Specials | | $ | 7.2 | | | $ | 3.2 | | | $ | 6.0 | | | $ | 12.1 | | | $ | 6.1 | | | $ | 3.6 | | | $ | 2.0 | | | $ | 8.0 | | | ED |
Pieces | | | 9.2 | | | | 4.4 | | | | 7.0 | | | | 11.2 | | | | 6.5 | | | | 4.5 | | | | 2.1 | | | | 7.9 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Proxy | | $ | 46.2 | | | $ | 44.8 | | | $ | 42.9 | | | $ | 200.4 | | | $ | 49.2 | | | $ | 55.7 | | | $ | 43.4 | | | $ | 219.5 | | | |
Total Pieces | | | 70.3 | | | | 67.2 | | | | 53.1 | | | | 258.5 | | | | 59.9 | | | | 81.4 | | | | 61.7 | | | | 292.5 | | | |
| | | | | | | | | |
Interims | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | |
Mutual Funds (Annual/Semi-Annual Reports/Annual Prospectuses) | | $ | 16.4 | | | $ | 15.1 | | | $ | 21.5 | | | $ | 16.7 | | | $ | 18.1 | | | $ | 16.2 | | | $ | 22.3 | | | $ | 17.3 | | | RC |
Position Growth | | | 9 | % | | | 6 | % | | | 7 | % | | | 11 | % | | | 11 | % | | | 9 | % | | | 9 | % | | | 6 | % | | |
Pieces | | | 81.8 | | | | 83.7 | | | | 100.3 | | | | 100.6 | | | | 92.2 | | | | 93.9 | | | | 112.7 | | | | 102.3 | | | |
| | | | | | | | | |
Mutual Funds (Supplemental Prospectuses) & Other | | $ | 10.8 | | | $ | 12.6 | | | $ | 13.9 | | | $ | 14.0 | | | $ | 11.3 | | | $ | 10.7 | | | $ | 17.0 | | | $ | 9.9 | | | ED |
Pieces | | | 72.9 | | | | 84.4 | | | | 88.8 | | | | 86.7 | | | | 68.9 | | | | 65.9 | | | | 106.3 | | | | 60.2 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Interims | | $ | 27.2 | | | $ | 27.7 | | | $ | 35.4 | | | $ | 30.7 | | | $ | 29.4 | | | $ | 26.9 | | | $ | 39.3 | | | $ | 27.2 | | | |
Total Pieces | | | 154.7 | | | | 168.1 | | | | 189.1 | | | | 187.3 | | | | 161.1 | | | | 159.8 | | | | 219.0 | | | | 162.5 | | | |
| | | | | | | | | |
Transaction Reporting | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Transaction Reporting | | $ | 31.2 | | | $ | 31.9 | | | $ | 37.7 | | | $ | 28.7 | | | $ | 27.9 | | | $ | 29.1 | | | $ | 36.1 | | | $ | 31.6 | | | RC |
| | | | | | | | | |
Fulfillment | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Post-Sale Fulfillment | | $ | 13.8 | | | $ | 13.6 | | | $ | 16.1 | | | $ | 16.5 | | | $ | 16.9 | | | $ | 16.8 | | | $ | 17.7 | | | $ | 19.0 | | | RC |
| | | | | | | | | |
Pre-Sale Fulfillment | | $ | 9.2 | | | $ | 9.4 | | | $ | 9.2 | | | $ | 9.4 | | | $ | 8.6 | | | $ | 9.4 | | | $ | 10.0 | | | $ | 9.4 | | | ED |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Fulfillment | | $ | 23.0 | | | $ | 23.0 | | | $ | 25.3 | | | $ | 25.9 | | | $ | 25.5 | | | $ | 26.2 | | | $ | 27.7 | | | $ | 28.4 | | | |
| | | | | | | | | |
Other Communications | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other(2) | | $ | 15.2 | | | $ | 9.5 | | | $ | 14.5 | | | $ | 10.8 | | | $ | 11.0 | | | $ | 8.1 | | | $ | 10.3 | | | $ | 14.9 | | | ED |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Fee Revenues | | $ | 142.8 | | | $ | 136.9 | | | $ | 155.8 | | | $ | 296.5 | | | $ | 143.0 | | | $ | 146.0 | | | $ | 156.8 | | | $ | 321.6 | | | |
Total Distribution Revenues | | $ | 164.2 | | | $ | 149.2 | | | $ | 183.9 | | | $ | 322.9 | | | $ | 156.1 | | | $ | 157.2 | | | $ | 186.1 | | | $ | 308.3 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Net Revenue - Non-GAAP | | $ | 307.0 | | | $ | 286.1 | | | $ | 339.7 | | | $ | 619.4 | | | $ | 299.1 | | | $ | 303.2 | | | $ | 342.9 | | | $ | 629.9 | | | |
Transfer price adjustment | | | 1.0 | | | | 1.0 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Net Revenue as reported - GAAP | | $ | 308.0 | | | $ | 287.1 | | | $ | 339.7 | | | $ | 619.4 | | | $ | 299.1 | | | $ | 303.2 | | | $ | 342.9 | | | $ | 629.9 | | | |
| (1) | These items represent fee revenues only and exclude distribution revenues which are set out separately. The historical numbers have been adjusted to exclude distribution revenues. |
| (2) | Other includes pieces of 18.6M for FY07 and 12.6M for FY08 primarily related to corporate actions. |
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.
Investor Communication Solutions
Key Statistics
Quarterly
(volume and $ in millions)
Legend:
| | | | |
| Type | | | | |
| RC | | = | | Recurring- Low Volatility |
| ED | | = | | Event-Driven- High Volatility |
| | | | | | | | | | |
| | | 1Q08 | | | 1Q09 | | | Type |
Proxy | | | | | | | | | | |
Fee Revenues(1) | | | | | | | | | | |
| | | |
Equities | | $ | 22.3 | | | $ | 24.7 | | | RC |
Stock Record Position Growth | | | -1 | % | | | 5 | % | | |
Pieces | | | 25.8 | | | | 24.1 | | | |
| | | |
Mutual Funds | | $ | 20.8 | | | $ | 15.4 | | | ED |
Pieces | | | 27.6 | | | | 21.6 | | | |
| | | |
Contests/Specials | | $ | 6.1 | | | $ | 7.3 | | | ED |
Pieces | | | 6.5 | | | | 6.8 | | | |
| | | | | | | | | | |
Total Proxy | | $ | 49.2 | | | $ | 47.4 | | | |
Total Pieces | | | 59.9 | | | | 52.5 | | | |
| | | |
Interims | | | | | | | | | | |
| | | |
Mutual Funds (Annual/Semi-Annual Reports/Annual Prospectuses) | | $ | 18.1 | | | $ | 19.1 | | | RC |
Position Growth | | | 11 | % | | | 6 | % | | |
Pieces | | | 92.2 | | | | 107.7 | | | |
| | | |
Mutual Funds (Supplemental Prospectuses) & Other | | $ | 11.3 | | | $ | 14.3 | | | ED |
Pieces | | | 68.9 | | | | 85.8 | | | |
| | | | | | | | | | |
Total Interims | | $ | 29.4 | | | $ | 33.4 | | | |
Total Pieces | | | 161.1 | | | | 193.5 | | | |
| | | |
Transaction Reporting | | | | | | | | | | |
Transaction Reporting | | $ | 27.9 | | | $ | 31.6 | | | RC |
| | | |
Fulfillment | | | | | | | | | | |
Post-Sale Fulfillment | | $ | 16.9 | | | $ | 17.3 | | | RC |
| | | |
Pre-Sale Fulfillment | | $ | 8.6 | | | $ | 8.9 | | | ED |
| | | | | | | | | | |
Total Fulfillment | | $ | 25.5 | | | $ | 26.2 | | | |
| | | |
Other Communications | | | | | | | | | | |
Other(2) | | $ | 11.0 | | | $ | 9.6 | | | ED |
| | | | | | | | | | |
Total Fee Revenues | | $ | 143.0 | | | $ | 148.2 | | | |
Total Distribution Revenues | | $ | 156.1 | | | $ | 165.6 | | | |
| | | | | | | | | | |
Total Net Revenue as reported - GAAP | | $ | 299.1 | | | $ | 313.8 | | | |
| | | | | | | | | | |
| (1) | These items represent fee revenues only and exclude distribution revenues which are set out separately. The historical numbers have been adjusted to exclude distribution revenues. |
| (2) | Other includes pieces of 6.1M for 1Q08 and 2.7M for 1Q09 primarily related to corporate actions. |
Broadridge Financial Solutions, Inc.
Securities Processing Solutions
Key Statistics
Quarterly
($ in millions)
Legend:
| | | | |
| Type | | | | |
| RC | | = | | Recurring- Low Volatility |
| ED | | = | | Event-Driven- High Volatility |
| | | | | | | | |
| | | 1Q08 | | 1Q09 | | Type |
| Equity | | | | | | | | |
| | | |
Transaction-Based | | | | | | | | |
Equity Trades | | $ | 63.0 | | $ | 66.4 | | RC |
Internal Trade Volume Growth | | | 1,456 | | | 1,502 | | |
Trade Volume (Average Trades per Day in ‘000)(1) | | | 2,059 | | | 2,106 | | |
| | | |
Non-Transaction | | | | | | | | |
Other Equity Services | | $ | 43.8 | | $ | 45.0 | | RC |
| | | | | | | | |
Total Equity | | $ | 106.8 | | $ | 111.4 | | |
| Fixed-Income | | | | | | | | |
| | | |
Transaction-Based | | | | | | | | |
Fixed-Income Trades | | $ | 12.4 | | $ | 14.2 | | RC |
Internal Trade Volume | | | 213 | | | 270 | | |
Trade Volume (Average Trades per Day in ‘000) | | | 216 | | | 278 | | |
| | | |
Non-Transaction | | | | | | | | |
Other Fixed-Income Services | | $ | 5.2 | | $ | 7.6 | | RC |
| | | | | | | | |
Total Fixed-Income | | $ | 17.6 | | $ | 21.8 | | |
| | | | | | | | |
Total Net Revenue as reported - GAAP | | $ | 124.4 | | $ | 133.2 | | |
| | | | | | | | |
| (1) | Equity Trade volume adjusted to exclude trades processed under fixed priced contracts. Management believes excluding this trade volume presents a stronger correlation between trade volume and Equity Trade revenue. |
Broadridge Financial Solutions, Inc.
Clearing and Outsourcing Solutions
Key Statistics
Quarterly
($ in millions)
Legend:
| | | | |
| Type | | | | |
| RC | | = | | Recurring- Low Volatility |
| ED | | = | | Event-Driven- High Volatility |
| | | | | | | | |
| | | 1Q08 | | 1Q09 | | Type |
Clearing | | | | | | | | |
Net Interest Income(1) | | $ | 8.0 | | $ | 5.2 | | RC |
Average Margin Debits | | $ | 870.1 | | $ | 880.1 | | |
Clearing Fees/Other | | $ | 11.5 | | $ | 11.8 | | RC |
Trade Volume (Average Trades per Day in ‘000) | | | 45.3 | | | 47.3 | | |
| | | |
Outsourcing | | | | | | | | |
Outsourcing | | $ | 5.2 | | $ | 6.2 | | RC |
# of Clients | | | 4 | | | 6 | | |
| | | | | | | | |
Total Net Revenue as reported - GAAP | | $ | 24.7 | | $ | 23.2 | | |
| | | | | | | | |
| (1) | Referred to as “Margin Revenues” in Key Statistics prior to 3Q08. |
