Broadridge Financial Solutions, Inc. · NYSE:BR
Broadridge Financial Solutions — FY2022 Earnings Presentation
22 slides from Broadridge Financial Solutions's earnings presentation, Aug 19, 2022
Slide 1: Scaling a Global Fintech Leader: Fiscal Year 2022 Retail Investor Call
0© 2022 | Scaling a Global Fintech Leader Fiscal Year 2022 Retail Investor Call August 18, 2022 EXHIBIT 99.1
Slide 2: Forward-Looking Statements
1© 2022 | 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") contains “forward-looking statements” within the meaning of the Private Securities Litigation
Slide 3: Use of Non-GAAP financial measures, KPIs and foreign exchange rates
2© 2022 | Use of Non-GAAP financial measures, KPIs and foreign exchange rates Use of Non-GAAP Financial Measures This presentation includes certain Non-GAAP financial measures including Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share (“
Slide 4: Program Overview
3© 2022 | Program Overview Introduction to Broadridge Review of Fiscal Year 2022 Results and Fiscal Year 2023 outlook Event Introduction1 2 3 4 Q&A Edings Thibault Senior Vice President and Head of Investor Relations
Slide 5: Broadridge is a global Fintech leader
4© 2022 | Broadridge is a global Fintech leader Managing governance for 750 million shareholder positions Powering $9T per day in fixed income and equity trades Distributing more than 7B critical communications each year 750 MILLION $9 TRILLION 7 BILLION Broadridge powers the critical infrastructure
Slide 6: FY'22 Revenue Composition
5© 2022 | FY’22 Revenue Composition 65% 30% 5% 61% 25% 15% $5.7B FY’22 TOTAL REVENUE Recurring Revenue Distribution Revenue Event-Driven Revenue Governance Capital Markets Wealth & Investment Management $3.7B FY’22 RECURRING REVENUE GTO ICS
Slide 7: A clear path for long term growth
6© 2022 | A clear path for long term growth A global Fintech leader addressing a large and growing market Three franchise businesses executing on clear growth strategies grounded in long-term trends Long track record delivering consistent growth and strong total shareholder returns 2014 Invest for G
Slide 8: Key messages
7© 2022 | Key messages Broadridge delivered very strong fourth quarter results, including 15% recurring revenue growth (12% organic) and 21% Adjusted EPS growth1 2 3 4 Broadridge’s growth is being powered by strong execution on key growth initiatives, the performance of Itiviti, increased investor p
Slide 9: Summary financial performance
8© 2022 | Summary financial performance $ in millions, except per share data FISCAL YEAR 2022 2021 Inc./(Dec.) Recurring revenues $3,749 $3,228 16% Total revenues 5,709 4,994 14% Operating income 760 679 12% Adjusted Operating income (Non-GAAP) 1,066 902 18% Adjusted Operating income margin (Non-GAA
Slide 10: We are extending our Governance franchise
9© 2022 | We are extending our Governance franchise… FY'18 FY'19 FY'20 FY'21 FY'22 $2.3B 8% 11% HIGHLIGHTS 1 2 3 Double-digit growth in both equity and fund records sustained despite weaker markets Driving Governance innovation with multiple product launches Continued digitization gains are reducing
Slide 11: ...growing our Capital Markets franchise
10© 2022 | . . . growing our Capital Markets franchise. . . $661M FY'18 FY'19 FY'20 FY'21 FY'22 $921M HIGHLIGHTS 1 2 3 Strong growth driven by successful Itiviti acquisition and organic growth Platform investments are driving organic growth Digital Ledger Repo and other network solutions continue to
Slide 12: ...and building our Wealth & Investment Management franchise
11© 2022 | $525M FY'18 FY'19 FY'20 FY'21 FY'22 …and building our Wealth & Investment Management franchise $554M HIGHLIGHTS 1 2 New sales in the U.S. and Canada drove continued growth On track to launch Wealth Management Platform in mid- calendar year 2023 FY’22 RECURRING REVENUE 3 Modular value prop
Slide 13: Fiscal Year 2023 Guidance
12© 2022 | Fiscal Year 2023 Guidance as of August 12, 2022 FY’23 Guidance Recurring revenue growth 6-9% Adjusted Operating income margin (Non-GAAP) Increase of ~ 50 bps Adjusted earnings per share growth (Non-GAAP) 7-11% Closed sales $270M - $310M
Slide 14: Broadridge's business model is built for growth through the economic cycle
13© 2022 | Broadridge’s business model is built for growth through the economic cycle Broadridge delivered another year of strong financial and operating results1 2 3 Fiscal 23 guidance calls for continued growth We are executing on our growth strategy across Governance, Capital Markets, and Wealth
Slide 15: Q&A Session
Q&A Session oa Broadridge’
Slide 16: Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures
15© 2022 | Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures
Slide 17: Non-GAAP Measures Explanation and Reconciliation
16© 2022 | Non-GAAP 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 circumstances, r
Slide 18: Non-GAAP Measures
17© 2022 | Non-GAAP Measures We exclude Acquisition and Integration Costs, IBM Private Cloud Charges, Real Estate Realignment and Covid-19 Related Expenses, the Russia-Related Exit Costs, Investment Gains, the Software Charge, the Gain on Acquisition-Related Financial Instrument and the Gain on Sale
Slide 19: Reconciliation of GAAP to Non-GAAP Measures (Unaudited)
18© 2022 | Confidential and Proprietary | Reconciliation of GAAP to Non-GAAP Measures (Unaudited) 3 Months Ended June 30 Fiscal Year Ended June 30 Dollars in millions 2022 2021 2022 2021 2020 Operating income (GAAP) $341.7 $281.4 $759.9 $678.7 $624.9 Adjustments: Amortization of Acq. Intangibles and
Slide 20: Reconciliation of GAAP to Non-GAAP Measures (Unaudited) notes
19© 2022 | Confidential and Proprietary | Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (a) Real Estate Realignment Expenses were $22.6 million and ($3.3 million) for the three months ended June 30, 2022 and 2021, respectively, and $23.0 million, $29.6 million, and $0.0 million for the fis
Slide 21: Fiscal Year 2023 Adjusted Earnings Per Share Growth
20© 2022 | Confidential and Proprietary | Fiscal Year 2023 Adjusted Earnings Per Share Growth Rate (a) Diluted earnings per share – GAAP ~13-17% growth Adjusted earnings per share – Non-GAAP 7-11% growth Adjusted Operating Income Margin (b) Operating income margin % - GAAP Increase of ~150 bps Adjus
Slide 22: Broadridge Investor Relations Contacts
21© 2022 | W. Edings Thibault Sean Silva broadridgeir@broadridge.com Broadridge Investor Relations Contacts
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