EX-99.1 2 dex991.htm KEY STATISTICS FOR THE FISCAL QUARTER & FISCAL YEAR ENDED JUNE 30, 2008 Key Statistics for the Fiscal Quarter & Fiscal Year ended June 30, 2008

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/Annual Prospectuses)    $ 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.