Broadridge Financial Solutions, Inc. · NYSE:BR
Broadridge Financial Solutions — Q2 2016 Earnings Presentation
14 slides from Broadridge Financial Solutions's earnings presentation, Feb 4, 2016
Slide 1: Earnings Webcast & Conference Call Second Quarter FY 2016
1© 2014 | Earnings Webcast & Conference Call Second Quarter FY 2016 February 4, 2016 EXHIBIT 99.2
Slide 2: Forward-Looking Statements
2 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 in natur
Slide 3: Explanation and Reconciliation of the Company's Use of Non-GAAP Financial Measures
3 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 generally accepted accounting principles in the United States (“GAAP”) except where otherwise noted. In certain circumstances, results have
Slide 4: Key Messages
4 Key Messages • Pleased with Q2 and first half financial results • Strong sales performance in Q2 • Signed Barclays for Europe and Asia to APTP platform • Sales pipeline momentum remains robust • Positions us to achieve full year sales guidance • Maintaining FY16 guidance highlighted by solid recur
Slide 5: Q2FY16 Financial Highlights
5 Q2FY16 Financial Highlights • Q2 recurring fee revenues were up 8% • Adjusted Diluted earnings per share (EPS) up 19% in Q2 and up 15% year to date • Reaffirming full year 2016 guidance, including: ▪ Recurring fee revenue growth of 10-12% (total revenue growth of 8-10%) ▪ Adjusted Diluted EPS grow
Slide 6: Q2FY16 Business Update
6 Q2FY16 Business Update • Closed Sales of $49M in Q2 ▪ Pipeline remains robust with good momentum • Signed Barclays to APTP platform ▪ Third client signed to alliance with Accenture ▪ Societe Generale went live in London during Q2 • Acquisition Update: QED Financial Systems ▪ Closed in November; pu
Slide 7: Key Financial Drivers
7 2Q FY16 2Q YTD FY16 Actual Actual Growth Drivers as a % of Recurring Fee Revenues Closed Sales 6% 6% Client Losses (2)% (2)% Net New Business 4% 4% Internal Growth (1)% 0% Organic Growth 3% 4% Acquisitions 5% 4% Total Recurring Fee Revenue Growth 8% 9% Growth Drivers as a % of Total Revenues Recur
Slide 8: Segment Results
8 ($ in millions, except growth and margins) Investor Communication Solutions (ICS) 2Q15 2Q16 Versus Prior Year 2Q15 YTD 2Q16 YTD Versus Prior Year Recurring Fee Revenues $196 $219 12% $391 $435 11% Total Revenues $404 $472 17% $798 $901 13% Earnings before income taxes $35 $46 33% $72 $80 10% Pre-t
Slide 9: FY16 Guidance
9 FY16 Guidance Broadridge Financial Solutions, Inc. Recurring fee revenue growth 10 - 12% Total revenue growth 8 - 10% Adjusted Operating income margins ~18.4% Effective tax rate ~34.8% Adjusted Diluted earnings per share growth 8 - 12% Diluted earnings per share growth 7 - 12% Free cash flows $350
Slide 10: Closing Summary
10 Closing Summary • Solid Q2 and YTD financial and closed sales performance reflects continued momentum • Reaffirming FY16 guidance • Expect full-year results to be aligned with three-year objectives ▪ Drive sales performance to deliver strong recurring revenue growth ▪ Build-out acquisitions portf
Slide 11: Q&A and Closing Comments
11 Q&A and Closing Comments There are no slides during this portion of the presentation
Slide 12: Appendix
12 Appendix
Slide 13: Reconciliation of Non-GAAP to GAAP Measures (Unaudited)
13 Reconciliation of Non-GAAP to GAAP Measures (Unaudited) Three Months Ended December 31, Six Months Ended December 31, 2015 2014 2015 2014 Adjusted Operating income (Non-GAAP) $ 79.7 $ 66.9 $ 148.2 $ 130.4 Acquisition Amortization and Other Costs (9.5) (7.9) (18.9) (14.3) Operating income (GAAP) $
Slide 14: Reconciliation of Non-GAAP to GAAP Measures - FY16 Guidance
14 Reconciliation of Non-GAAP to GAAP Measures- FY16 Guidance 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 Operating Income Margin (2) FY16 Guidance Adjusted Operating income margin %
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