Broadridge Financial Solutions, Inc. · NYSE:BR
Broadridge Financial Solutions — FY2007 Earnings Presentation
17 slides from Broadridge Financial Solutions's earnings presentation, Aug 22, 2007
Slide 1: Earnings Webcast & Conference Call
Exhibit 99.2 Broadridge Financial Solutions, Inc. Earnings Webcast & Conference Call Fiscal Year June 30, 2007 August 22, 2007
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 may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature,
Slide 3: Today's Agenda
Today’s Agenda Opening Remarks Rich Daly, CEO Revenue Contribution Drivers Rich Daly, CEO th 4 Quarter and Fiscal Year 2007 Results Dan Sheldon, CFO Fiscal 2008 Guidance Update Rich Daly, CEO Summary Rich Daly, CEO Q&A Rich Daly, CEO Dan Sheldon, CFO Marvin Sims, VP Investor Relations Closing Remark
Slide 4: Broadridge – Revenue Composition & Drivers
Broadridge – Revenue Composition & Drivers FY'07 Revenue $2,138M Recurring Revenue Event-driven Revenue Recurring Revenue Investor Communication Solutions 80% Investor Communication Solutions Proxy: Proxy: - Equity Proxy Positions - Mutual Fund Proxy - Contests, Acquisitions, Mergers Interims: Inter
Slide 5: Broadridge - 4Q07 Results
Broadridge - 4Q07 Results Revenue 8% to $774M Internal growth of 8% the primary driver with additional 2% from sales offset by the previously disclosed losses. Diluted EPS from Continuing Operations: $0.82 or 14%, excluding one-time transition expenses and interest on new debt $0.71 or 1%, including
Slide 6: Segment Results – 4Q07
Segment Results – 4Q07 Investor Communications Revenues 8% to $616M primarily from internal growth of 9% offset by net losses in new business of 2% • Stock Record Growth – Equity Proxy 4% and Mutual Fund Interims 11% contributed 2% of growth • Event-driven revenues related to Mutual Fund Proxies and
Slide 7: Broadridge – Fiscal Year 2007 Results
Broadridge – Fiscal Year 2007 Results Revenues 11% to $2.14B Fiscal 2007 revenue growth building blocks : • Internal Growth contributed 9% (6% Event-driven revenue) • Sales contributed 3% • Losses reduced growth by 2% • Acquisition contributed 1% Diluted EPS from Continuing Operations excluding one-
Slide 8: Segment Results – Fiscal Year 2007
Segment Results – Fiscal Year 2007 Investor Communications Revenues 11% to $1.5B, with 8% from Event-driven revenue Margins of 14.6% flat to last year due to incremental investments and loss of large Transaction Processing client Stock Record Growth – Equity Proxy flat and Mutual Fund Interims 9% Ev
Slide 9: Broadridge – Fiscal Year 2008 Financial Guidance
Broadridge – Fiscal Year 2008 Financial Guidance Our FY’08 Guidance of 0% - 3% Revenue growth and (5%)–(10%) EBIT before one-time transition expenses has not changed FY’08 Revenue flat-to-low single digit growth vs. last few years at > 10%: Sales of $110M - $135M (fee only) approximately 50% contrib
Slide 10: Broadridge - Fiscal Year 2008 Financial Guidance
Broadridge - Fiscal Year 2008 Financial Guidance Revenue growth of 0% - 3% inclusive of impact related to Notice & Access Diluted Earnings Per Share Before one-time transition expenses of $1.17 - $1.25 After one-time transition expenses of $1.14 - $1.20 Earnings before interest and taxes excluding o
Slide 11: Segments – Fiscal Year 2008 Financial Guidance
Segments – Fiscal Year 2008 Financial Guidance Investor Communications : Revenues 1% to 5% Margins 14.6% to 14.9% Securities Processing : Revenues (3%) to (2%) Margins 21.3% to 22.3% Clearing & Outsourcing: Revenues 11% to 13% Operating profits near breakeven or slightly above with $7M improvement o
Slide 12: Summary
Summary Solid fourth quarter results capped off a successful fiscal year No surprises in fourth quarter that impact our step-off into Fiscal Year 2008 Notice & Access pricing models established Our guidance for FY’08 has not changed and assumes a stable market Sales: given pipeline and activity leve
Slide 13: Q&A
Q&A There are no slides during this portion of the presentation 12
Slide 14: Appendix
Ce ee Appendix Appendix 3 ea Broadridge’
Slide 15: GAAP to Non-GAAP Earnings Reconciliation
GAAP to Non-GAAP Earnings Reconciliation Broadridge Financial Solutions, Inc. Reconciliation of GAAP to Non-GAAP Measures Earnings, Margins and Per Share Reconcilation (In millions except per share and margin data) (unaudited) Three months ended June 30, 2007 Three months ended June 30, 2006 Net Net
Slide 16: Intersegment Transfer Pricing Reconciliation
Intersegment Transfer Pricing Reconciliation Broadridge Financial Solutions, Inc. Intersegment Transfer Price Reconciliation ($ In millions except margin data) (Unaudited) Three months ended Twelve months ended June 30 June 30 FY '07 FY '06 FY '07 FY '06 Investor Communication Solutions Net revenue
Slide 17: Use of Materials Contained Herein
Use of Materials Contained Herein The information contained in this presentation is being provided for your convenience and information only. This information is accurate as of the date of its initial presentation. If you plan to use this information for any purpose, verification of its continued ac
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