Broadridge Financial Solutions, Inc. · NYSE:BR

Broadridge Financial Solutions — Q4 FY2017 Earnings Presentation

17 slides from Broadridge Financial Solutions's earnings presentation, Aug 10, 2017

  1. Slide 1: Earnings Webcast & Conference Call Fourth Quarter and Fiscal Year 2017

    1© 2017 | Earnings Webcast & Conference Call Fourth Quarter and Fiscal Year 2017 EXHIBIT 99.2

  2. Slide 2: Forward-Looking Statements

    © 2017 | 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 Litigatio

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

    © 2017 | 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. GAAP except where otherwise noted. In certain circumstances, results have been presented tha

  4. Slide 4: Highlights

    © 2017 | Highlights ▪ Strong fiscal year 2017 financial results ◦ 2017 recurring revenues rose 29%, including 6% organic growth ◦ Diluted EPS growth of 7% and Adjusted EPS growth of 15% to $3.13 ▪ 14% recurring fee revenue and 11% Adjusted Earnings CAGR in line or ahead of three year objectives ▪ Re

  5. Slide 5: Business Update: Balanced Growth

    © 2017 | Business Update: Balanced Growth ▪ ICS segment benefited from growth in asset servicing activity ◦ Stock record growth accelerated to 8% from 3% in fiscal 2017 and mutual fund interim record growth strengthened through the year ◦ NACC acquisition was the biggest driver of recurring fee reve

  6. Slide 6: 4Q 2017 Revenue Growth Drivers

    © 2017 | 4Q 2017 Revenue Growth Drivers ▪ Fourth Quarter 2017 Recurring fee revenue grew 24% to $806 million ▪ Fourth Quarter 2017 Total revenue grew 38% to $1,346 million 4Q16 Total Revs. Recurring Event Driven Distribution FX 4Q17 Total Revs. $1,346 M+16% +4% +19% -1% 4Q16 Recurring Revs. Closed S

  7. Slide 7: Fiscal Year 2017 Revenue Growth Drivers

    © 2017 | Fiscal Year 2017 Revenue Growth Drivers ▪ Fiscal Year 2017 Recurring fee revenue grew 29% to $2.5 billion ▪ Fiscal Year 2017 Total revenue grew 43% to $4.1 billion FY16 Total Revs. Recurring Event Driven Distribution Other FY17 Total Revs. $4.1B +19% +1% +24% -1% FY16 Recurring Revs. Closed

  8. Slide 8: Fourth Quarter 2017 Operating Income and EPS Comparison

    © 2017 | Fourth Quarter 2017 Operating Income and EPS Comparison $ in millions, except per share amounts 4Q 2017 Change in Operating Income and Adjusted Operating Income 4Q 2017 Change in EPS and Adjusted EPS Operating Income Adj. Operating Income $350 $330 $310 $290 $270 $250 4Q 2016 4Q 2017 $270 $

  9. Slide 9: Fiscal Year 2017 Operating Income and EPS Comparison

    © 2017 | Fiscal Year 2017 Operating Income and EPS Comparison $ in millions, except per share amounts Fiscal Year 2017 Change in Operating Income and Adjusted Operating Income Fiscal Year 2017 Change in EPS and Adjusted EPS Operating Income Adj. Operating Income $650 $600 $550 $500 $450 FY 2016 FY 2

  10. Slide 10: Segment Results

    © 2017 | ($ in millions) Investor Communication Solutions ("ICS") 4Q 2016 4Q 2017 Change FY 2016 FY 2017 Change Recurring fee revenues $460 $596 30% $1,157 $1,649 42% Total revenues $804 $1,162 45% $2,220 $3,421 54% Earnings before income taxes $262 $296 13% $409 $421 3% Pre-tax margins 32.6% 25.5%

  11. Slide 11: Capital Allocation and Summary Balance Sheet

    © 2017 | Capital Allocation and Summary Balance Sheet Fiscal Years 2014 - 2017: Select Uses of Cash Summary Balance Sheet as of June 30, 2017 Assets Cash and equivalents $ 271 Other assets 2,879 Total assets $ 3,150 Liabilities and Stockholders' Equity Total debt outstanding $ 1,102 Other liabilitie

  12. Slide 12: Fiscal Year 2018 Guidance

    © 2017 | Fiscal Year 2018 Guidance Recurring fee revenue growth 4 - 6% Total revenue growth 2 - 3% Operating income margin - GAAP ~14% Adjusted Operating income margin - Non-GAAP ~16% Diluted earnings per share growth* 15 - 19% Adjusted earnings per share growth* - Non-GAAP 15 - 19% Free cash flow*

  13. Slide 13: Closing Summary

    © 2017 | Closing Summary ▪ Strong Fourth Quarter and Fiscal Year 2017 results ▪ Achieved three year objectives laid out at December 2014 Investor Day ▪ 10th consecutive increase in annual dividend amount ▪ Fiscal Year 2018 calls for another "Broadridge type of year" ▪ Increased breadth and depth of

  14. Slide 14: Appendix

    © 2017 | Appendix 14

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

    © 2017 | Reconciliation of GAAP to Non-GAAP Measures $ in millions, except per share figures Three Months Ended June 30, Fiscal Year 2017 2016 2017 2016 Operating income (GAAP) $ 297.0 $ 270.3 $ 531.6 $ 500.3 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 19.7

  16. Slide 16: Reconciliation of GAAP to Non-GAAP Measures - FY18 Guidance

    © 2017 | Reconciliation of GAAP to Non-GAAP Measures - FY18 Guidance (Unaudited) Adjusted Earnings Per Share Growth Rate (1) (2) Diluted earnings per share (GAAP) 15% - 19% Adjusted earnings per share (Non-GAAP) 15% - 19% Adjusted Operating Income Margin (3) Operating income margin % (GAAP) ~14% Adj

  17. Slide 17: Broadridge Investor Relations

    © 2017 | Broadridge Investor Relations W. Edings Thibault Head of Investor Relations Tel: 516-472-5129 Email: edings.thibault@broadridge.com 17

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