Broadridge Financial Solutions, Inc. · NYSE:BR

Broadridge Financial Solutions — Q1 FY2021 Earnings Presentation

20 slides from Broadridge Financial Solutions's earnings presentation, Oct 30, 2020

  1. Slide 1: Earnings Webcast and Conference Call First Quarter Fiscal Year 2021

    EXHIBIT 99.2 Earnings Webcast and Conference Call First Quarter Fiscal Year 2021 October 30, 2020

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solutions, Inc. ("Broadridge" or the "Company") may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform

  3. Slide 3: Use of Non-GAAP Financial Measures

    Use of Non-GAAP Financial Measures Explanation and Reconciliation of the Company’s Use of Non-GAAP Financial Measures The Company’s results in this presentation are presented in accordance with U.S. generally accepted accounting principles ("GAAP") except where otherwise noted. In certain circumstan

  4. Slide 4: Strong First Quarter Fiscal Year 2021 results

    Strong First Quarter Fiscal Year 2021 results ▪ Strong First Quarter Revenue Growth • 8% recurring revenue growth and total revenue growth of 7% • Event-driven revenues returned to normalized level • Recurring revenue growth driven by onboarding of new sales, stock and interim record growth and high

  5. Slide 5: First Quarter Fiscal 2021 ICS Results

    First Quarter Fiscal 2021 ICS Results | © 2020 | 4

  6. Slide 6: First Quarter Fiscal 2021 GTO Results

    First Quarter Fiscal 2021 GTO Results | © 2020 | 5

  7. Slide 7: Strong Start to Fiscal Year 2021 Leaves Broadridge Well Positioned for Growth

    Strong Start to Fiscal Year 2021 Leaves Broadridge Well Positioned for Growth ▪ Strong first quarter increases confidence in full year outlook • Benefiting from increased equity, mutual fund, and ETF record growth • Sustained elevated trading volatility in line with expectations • Strong and early e

  8. Slide 8: Financial Highlights

    Financial Highlights | © 2020 | 7

  9. Slide 9: First Quarter 2021 Revenue Growth Drivers

    First Quarter 2021 Revenue Growth Drivers First Quarter 2021 Recurring revenues grew 8% to $671 million $623M +7 pts 0 pt $576M +3 pts +8% (2) pts $623M $671M 1Q '20 Recurring Revs. Closed Sales Client Losses Internal Growth Acquisitions 1Q '21 Recurring Revs. First Quarter 2021 Total revenues grew

  10. Slide 10: Event-driven Revenue History by Quarter

    Event-driven Revenue History by Quarter | © 2020 | 9

  11. Slide 11: First Quarter 2021 Operating Income and EPS

    First Quarter 2021 Operating Income and EPS Dollars in millions, except per share amounts Year-over-Year Change in Operating Income Year-over-Year Change in EPS and Adjusted Operating Income and Adjusted EPS $200 $1.25 $1.00 $150 $151 $0.98 $0.75 $100 $104 $0.68 $0.50 $0.56 $73 $79 $0.48 $50 $0.25 $

  12. Slide 12: Capital Allocation and Summary Balance Sheet

    Capital Allocation and Summary Balance Sheet Dollars in millions Summary Balance Sheet Select Uses of Cash Year to Date as of September 30, 2020 Assets Cash and cash equivalents $ 357 CapEx and Software $24 Other assets 4,393 Total assets $ 4,750 Liabilities and Stockholders' Equity Total debt outst

  13. Slide 13: Fiscal Year 2021 Guidance - As of October 30, 2020

    Fiscal Year 2021 Guidance - As of October 30, 2020 | © 2020 | 12

  14. Slide 14: Supplemental Reporting Detail - Product Line Reporting

    Supplemental Reporting Detail - Product Line Reporting 2020 1Q 2021 % Dollars in millions 1Q 2Q 3Q 4Q FY 1Q Growth Investor Communication Solutions ("ICS") Equity proxy $ 30 $ 42 $ 136 $ 265 $ 473 $ 40 35 % Mutual fund and ETF interims 65 65 87 67 285 74 13 % Customer communications and fulfillment

  15. Slide 15: Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures

    Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures | © 2020 | 14

  16. Slide 16: Non-GAAP Measures

    Non-GAAP Measures Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings and Adjusted Earnings Per Share These Non-GAAP measures reflect Operating income, Operating income margin, Net earnings, and Diluted earnings per share, each as adjusted to exclude the impact of cert

  17. Slide 17: Reconciliation of GAAP to Non-GAAP Measures (Unaudited)

    Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Dollars in millions Three Months Ended September 30, 2020 2019 Operating income (GAAP) $ 78.6 $ 73.1 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 32.3 28.1 Acquisition and Integration Costs 1.7 2.5 Real

  18. Slide 18: Reconciliation of GAAP to Non-GAAP Measures (Unaudited)

    Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Dollars in millions, except per share amounts Three Months Ended September 30, 2020 2019 Diluted earnings per share (GAAP) $ 0.56 $ 0.48 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 0.28 0.24 Acquisition

  19. Slide 19: Reconciliation of GAAP to Non-GAAP Measures - FY21 Guidance

    Reconciliation of GAAP to Non-GAAP Measures - FY21 Guidance (Unaudited) FY21 Adjusted Earnings Per Share Growth Rate (a) Diluted earnings per share growth (GAAP) 5 - 12% growth Adjusted earnings per share growth (Non-GAAP) 6 - 10% growth FY21 Adjusted Operating Income Margin (b) Operating income mar

  20. Slide 20: Broadridge Investor Relations Contacts

    Broadridge Investor Relations Contacts W. Edings Thibault Tel: 516-472-5129 Email: edings.thibault@broadridge.com Elsa Ballard Tel: 212-973-6197 Email: elsa.ballard@broadridge.com | © 2020 | 19

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