Broadridge Financial Solutions, Inc. · NYSE:BR
Broadridge Financial Solutions — Merger or Acquisition (June 2016)
10 slides from Broadridge Financial Solutions's merger presentation, Jun 14, 2016
Slide 1: Acquisition of DST's North American Customer Communications Business
Broadridge Financial Solutions, Inc. Acquisition of DST’s North American Customer Communications Business June 14, 2016
Slide 2: Forward-Looking Statements
1 © 2016 | Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical
Slide 3: Acquisition Overview
2 © 2016 | Acquisition Overview • Broadridge to acquire DST’s North American Customer Communications (NACC) business for $410M1 in cash • Creates North America’s premier customer communications technology platform • Acquisition creates compelling opportunities in the near, medium and long term for B
Slide 4: DST's North American Customer Communications Business
3 © 2016 | DST’s North American Customer Communications Business • As the largest North American transactional printer, NACC is a leading provider of customer communications services including print and digital communication solutions, content management, postal optimization, and fulfillment – Pione
Slide 5: Acquisition Highlights
4 © 2016 | Acquisition Highlights Compelling near, medium and long term opportunities Compelling near term financial benefits Attractive medium term expansion opportunity Larger long term opportunity Natural expansion opportunity for Investor Communication Solutions Projected to be immediately a
Slide 6: Financial Highlights
5 © 2016 | Financial Highlights • Key Terms – $410 million in cash1 – Expected close in July 20162 • Expecting approximately $20 million in annualized cost synergies to be realized over 18-30 months • Projected to be accretive to GAAP diluted earnings per share (“EPS”) and non-GAAP adjusted diluted
Slide 7: Summary
6 © 2016 | Summary • Broadridge’s acquisition of DST’s North America Customer Communications business will create North America’s premier customer communications technology platform • Acquisition creates compelling opportunities in the near, medium, and long term – Strategic opportunity for Broadrid
Slide 8: Appendix – Reconciliation of Non-GAAP to GAAP Measures
Appendix – Reconciliation of Non-GAAP to GAAP Measures
Slide 9: Reconciliation of Non-GAAP EPS to GAAP EPS Projections
8 © 2016 | Reconciliation of Non-GAAP EPS to GAAP EPS Projections (Unaudited) (1) Adjusted Diluted EPS (Non-GAAP) is adjusted to exclude the projected impact of amortization of acquired intangibles and integration costs. Net of tax on a diluted share basis this adjustment is estimated to be $0.11 in
Slide 10: Reconciliation of Non-GAAP to GAAP Measures – FY16 Guidance
9 © 2016 | Reconciliation of Non-GAAP to GAAP Measures – FY16 Guidance (Unaudited) Earnings Per Share Growth Rate (1) FY16 Guidance Adjusted Diluted earnings per share (Non-GAAP) 8% - 12% growth Diluted earnings per share (GAAP) 7% - 12% growth (1) Adjusted Diluted EPS growth (Non-GAAP) is adjusted
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