EX-99.1 2 dex991.htm KEY STATISTICS Key Statistics

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.