EX-99.1 2 dex991.htm KEY STATISTICS FOR THE FISCAL QUARTER ENDED MARCH 31, 2008 Key Statistics for the Fiscal Quarter ended March 31, 2008

Exhibit 99.1

Broadridge Financial Solutions, Inc.

Investor Communication Solutions

Key Statistics

(volume and $ in millions)

Legend:

 

Type

              
RC    =    Recurring-    Low Volatility
ED    =    Event-Driven-    High Volatility

 

          3Q07     3Q08     Type
Proxy   

Equities

   $ 47.5     $ 42.9     RC
  

Stock Record Position Growth

     -0.9 %     -0.1 %  
  

Pieces

     25.3       23.8    
  

Mutual Funds

   $ 31.1     $ 29.4     ED
  

Pieces

     20.8       35.8    
  

Contests/Specials

   $ 15.0     $ 3.5     ED
  

Pieces

     7.0       2.1    
                     
  

Total Proxy

   $ 93.6     $ 75.8    
  

Total Pieces

     53.1       61.7    
Interims   

Mutual Funds (Annual/Semi-Annual Reports/Annual Prospectuses)

   $ 54.6     $ 60.9     RC
  

Position Growth

     7.1 %     8.8 %  
  

Pieces

     100.3       112.7    
  

Mutual Funds (Supplemental Prospectuses) & Other

   $ 41.6     $ 64.7     ED
  

Pieces

     88.8       106.3    
                     
  

Total Interims

   $ 96.2     $ 125.6    
  

Total Pieces

     189.1       219.0    
Transaction Reporting   

Transaction Reporting

   $ 85.0     $ 80.7     RC
Fulfillment   

Post-Sale Fulfillment

   $ 32.4     $ 35.7     RC
  

Pre-Sale Fulfillment

   $ 13.0     $ 12.7     ED
                     
  

Total Fulfillment

   $ 45.4     $ 48.4    
Other Communications   

Other (1)

   $ 19.5     $ 12.4     ED
  

Total Net Revenue - Non-GAAP (2)

   $ 339.7     $ 342.9    
  

Transfer price adjustment

     —         —      
                     
  

Total Net Revenue as reported - GAAP (2)

   $ 339.7     $ 342.9    
                     
  

Distribution Fees % of Total Net Revenue- Non-GAAP

     54.1 %     54.3 %  

 

(1) Other includes pieces of 2.0M for 3Q08 and 4.9M for 3Q07 primarily related to corporate actions.
(2) Revenue numbers include distribution fees.

Management believes that certain Non-GAAP (generally accepted accounting principles) measures, when presented in conjunction with comparable GAAP measures provide investors a more complete understanding of Broadridge’s underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. These measures should be considered in addition to, and not a substitute for the measures of financial performance prepared in accordance with GAAP.


Broadridge Financial Solutions, Inc.

Securities Processing Solutions

Key Statistics

($ in millions)

Legend:

 

Type

              
RC    =    Recurring-    Low Volatility
ED    =    Event-Driven-    High Volatility

 

          3Q07    3Q08    Type
Equity            
Transaction-Based   

Equity Trades

   $ 70.3    $ 65.7    RC
  

Trade Volume (Average Trades per Day in ‘000)

     2,440      2,538   
Non-Transaction   

Other Equity Services

   $ 46.6    $ 44.5    RC
                   
  

Total Equity

   $ 116.9    $ 110.2   
Fixed Income            
Transaction-Based   

Fixed Income Trades

   $ 11.4    $ 13.0    RC
  

Trade Volume (Average Trades per Day in ‘000)

     206      248   
Non-Transaction   

Other Fixed Income Services

   $ 6.5    $ 5.8    RC
                   
  

Total Fixed Income

   $ 17.9    $ 18.8   
  

Total Net Revenue - Non-GAAP

   $ 134.8    $ 129.0   
  

Transfer price adjustment

     —        —     
                   
  

Total Net Revenue as reported - GAAP

   $ 134.8    $ 129.0   
                   

Management believes that certain Non-GAAP (generally accepted accounting principles) measures, when presented in conjunction with comparable GAAP measures provide investors a more complete understanding of Broadridge’s underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. These measures should be considered in addition to, and not a substitute for the measures of financial performance prepared in accordance with GAAP.


Broadridge Financial Solutions, Inc.

Clearing and Outsourcing Solutions

Key Statistics

($ in millions)

Legend:

 

Type

              
RC    =    Recurring-    Low Volatility
ED    =    Event-Driven-    High Volatility

 

          3Q07    3Q08     Type
Clearing   

Net Interest Income (1)

   $ 7.7    $ 6.2     RC
  

Average Margin Debits

   $ 689.7    $ 969.8    
  

Clearing Fees/Other

   $ 9.5    $ 12.1     RC
  

Trade Volume (Average Trades per Day in ‘000)

     27.6      47.0    
Outsourcing   

Outsourcing

   $ 6.0    $ 4.6     RC
  

# of Clients

     3      4 (2)  
  

Total Net Revenue - Non-GAAP

   $ 23.2    $ 22.9    
  

Transfer price adjustment

     —        —      
                    
  

Total Net Revenue as reported - GAAP

   $ 23.2    $ 22.9    
                    

 

(1) Referred to as “Margin Revenues” in Key Statistics for prior quarters.
(2) Currently record E*Trade and E*Trade Canada as one client. Previously recorded as two separate clients in 1Q08 and 2Q08.

Management believes that certain Non-GAAP (generally accepted accounting principles) measures, when presented in conjunction with comparable GAAP measures provide investors a more complete understanding of Broadridge’s underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. These measures should be considered in addition to, and not a substitute for the measures of financial performance prepared in accordance with GAAP.