BROADRIDGE FINANCIAL SOLUTIONS, INC. - FORM 8-K - EX-99.2 - EARNINGS WEBCAST & CONFERENCE CALL PRESENTATION DATED MAY 10, 2011.

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2011 Broadridge Financial Solutions, Inc.

Broadridge and the Broadridge logo are registered trademarks of Broadridge Financial Solutions, Inc.

May 10, 2011

Earnings Webcast & Conference Call

Third Quarter Fiscal Year 2011

Broadridge Financial Solutions, Inc.

Exhibit 99.2

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 nature, such as our fiscal year 2011 financial

guidance, and which may be identified by the use of words like “expects,” “assumes,” “projects,”

“anticipates,” “estimates,” “we believe,” “could be” and other words of similar meaning, are forward-looking

statements. These statements are based on management’s expectations and assumptions and are subject

to risks and uncertainties that may cause actual results to differ materially from those expressed. These

risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual

Report on Form 10-K for the fiscal year ended June 30, 2010 (the “2010 Annual Report”), as they may be

updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking

statements are qualified in their entirety by reference to the factors discussed in the 2010 Annual Report.

These risks include: the success of Broadridge in retaining and selling additional services to its existing

clients and in obtaining new clients; the pricing of Broadridge’s products and services; changes in laws and

regulations affecting the investor communication services provided by Broadridge; declines in participation

and activity in the securities markets; overall market and economic conditions and their impact on the

securities markets; any material breach of Broadridge security affecting its clients’ customer information; the

failure of Broadridge’s outsourced data center services provider to provide the anticipated levels of service;

any significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s

services; Broadridge’s failure to keep pace with changes in technology and demands of its clients;

Broadridge’s ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and

competitive conditions. Broadridge disclaims any obligation to update any forward-looking statements,

whether as a result of new information, future events or otherwise.

This presentation may include certain Non-GAAP (generally accepted accounting principles) financial

measures in describing Broadridge’s performance. Management believes that such Non-GAAP 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. The reconciliations of such measures to the comparable GAAP figures are included

in this presentation.

Today’s Agenda

Opening Remarks and Key Topics

Rich Daly, CEO

Third Quarter Fiscal Year 2011

Dan Sheldon, CFO

Results and Full Year Guidance

Summary

Rich Daly, CEO

Q&A

Rich Daly, CEO

Dan Sheldon, CFO

Rick Rodick, VP Investor Relations

Closing Remarks

Rich Daly, CEO

Opening Remarks

Key Topics:

Financial Highlights

Closed Sales and Revenue Growth Opportunities

Financial Highlights

Revenues for the quarter were up 7% and in line with

expectations

Driven primarily by acquisitions, the Penson outsourcing services

agreement, higher volumes and revenues from net new business (defined as

closed sales less client losses), offset by lower event-driven (ED) revenues

(as anticipated)

Diluted earnings per share from continuing operations were up

$0.03 from last year to $0.25

Primarily due to the revenue increase and lower weighted-average shares

outstanding

Opportunistically repurchased about 3.6M Broadridge shares

during the quarter at an average price of approximately $22.82

per share

Fiscal year-to-date, we have repurchased about 8.3M Broadridge shares at

an average price of approximately $21.78 per share

Closed Sales & Revenue Growth Opportunities

Closed sales for the quarter were $20M

Year-to-date closed sales of $92M

Year-to-date recurring revenue closed sales have been solid at $72M

Full year closed sales guidance is $135-180M and recurring revenue closed sales

guidance remains at $110-150M

Recurring revenue closed sales should translate into 5-7 percentage points of future

revenue growth

The marketplace reaction has been very positive to our recent acquisitions of Matrix,

Access Data, NewRiver, City Networks and Forefield

We have added more sales resources to support these acquired businesses

We recently entered into an agreement with Charles Schwab to expand the sales

reporting and data delivery capabilities now provided to Schwab’s mutual fund partners

As a central industry data hub, Broadridge is greatly simplifying the exchange of

information between manufacturers and intermediaries

Access Data Business Opportunity

SCHWAB

Broker 2

Broker 3

Broker 4

Broker 5

Broker 6

Broker 7

Broker 8

Broker >

Fund 1

Fund 2

Fund 3

Fund 4

Fund 5

Fund 6

Fund 7

Fund 8

Fund >

Total Market Size Opportunity

$400 -

500 Million

Broker 1

Broker 2

Broker 3

Broker >

Fund 1

Fund 2

Fund 3

Fund >

Old Process

BR Process

BROADRIDGE

Solution

Modules

more in

development

Solution

Module

Solution

Module

Solution

Module

Revenue Growth Drivers

Net

New

Business

+2%

with

sales

contributing

and

retention

rates

99%

(loss

rate

1%)

Internal

growth

and

saw

improvements

trades per day

and

Mutual Fund interims

Acquisitions in last 12 months performing at plan or better (revenue and EBITDA)

ED and Distribution still feeling impact from lower Mutual Fund Proxies and Corporate Actions

As expected, margins impacted by revenue mix, acquisitions and key initiatives

Historical CAGR

3Q YTD

Forecast

(FY05-FY10)

FY11

Total Revenue Growth

(5)%

(3)-(2)%

Closed Sales

(Recurring)

(2)%

Client Losses

(1)%

Net New Business

Internal Growth

(a)

0-1%

Acq/FX/Other

Total Recurring

12%

6-7%

Event-Driven

(b)

& Distribution

(5)%

(12)%

(9)%

EBIT Margin

10.1%

6.8%

12.7-13.4%

(a) Internal Growth includes SPS Equity & Fixed Income Trades, ICS Equity & Mutual Fund Stock Record Growth, Transaction Reporting and Time & Materials

(b) Event-Driven includes ICS Proxy Contest/Specials, Mutual Fund Proxy and Marketing Communications Fulfillment

Segment Results & Forecast –

Investor Communication Solutions

Full-year revenue expected to be down slightly as compared to the previous forecast due to lower

distribution revenues. Full-year fee range is on track

Including

acquisitions,

YTD

recurring

fee

revenue

over

15%

with full year growth expected to be the

same

Revenue from closed sales is on track to contribute 5 points

Client revenue retention rate maintained at greater than 99%

Matrix and other acquisitions projected to contribute 11 points

Minimal impact expected from internal growth as quarter and YTD trends remain flat. Mutual fund

interim position growth of 9% offset lower volumes in Transaction Reporting and Fulfillment. Equity

position growth expected to be flat

As expected, ED activity remains low and full-year ED guidance remains unchanged at ~$175M

Third quarter margins benefited from higher revenue, however, full-year continues to be impacted by

lower ED activity

Revenue/Growth

EBIT/Growth

(Non-GAAP)

Margin/Growth

(Non-GAAP)

Q3:

$369M/ 3%

$30M/ 8%

8.2%/ 40 bps

YTD:

$942M/ (11)%

$39M/ (62)%

4.1%/ (560) bps

FY11:

$1,549 to 1,558M / (7)%

$210 to 219M / (23) to (20)%

13.5 to 14.1% / (280) to (220) bps

Revenue/Growth

EBIT/Growth

Margin/Growth

Q3 :

$154M / +15%

$27M / +11%

17.6% / (70) bps

YTD:

$442M / +11%

$67M / (8)%

15.2% / (330) bps

FY11:

$593 to 599M / +11 to 12%

$85 to 90M / (14) to (9)%

14.3 to 15.1% / (420) to (330) bps

Segment

Results

Forecast

–

Securities Processing Solutions

Q3 and YTD growth driven by contributions from closed sales, internal revenue growth and acquisitions

(Penson

and

City

Networks)

offset

carryover

loss

from

Bank

America/Merrill Lynch (BAML).

Acquisitions added 10% growth for the quarter and 9% YTD/FY. Penson will also add an additional

2-3% revenue growth next year given timing of conversions

YTD closed sales of $43M versus $24M for the same period last year. YTD includes previously

disclosed closed sale to a large global institutional client accounting for >$20M with no significant

revenue

contribution

expected

until

FY12.

Full

year

forecast

of $45-50M

Strong internal revenue growth in Q3 driven by continued improvement in both Equity and Fixed Income

trade volumes

Q3 and YTD margin decline driven by the impact of the lower Outsourcing margin due to the on-going

Penson conversion and the slight dilutive impact of City Networks in the first year

Excluding

the

Penson

outsourcing

services

agreement

and

the

City

Networks

acquisition,

revenue

grew

6% and margin improved to 21%

(Non-GAAP)

Revenue growth in the range of (3)-(2)%

Closed sales forecast for the year at $135-180M (Recurring $110-150M)

Non-GAAP Earnings before interest and taxes margin of 12.7-13.4%

Diluted Earnings Per Share:

GAAP EPS (continuing operations) in the range of $1.30-1.40

Diluted weighted-average outstanding shares of ~128M

Free cash flow (Non-GAAP) in the range of approximately $140-200M,

includes:

Increase in investment implementation cost of ~$35M (Penson and IBM)

Reversal

FY10

$30M

additional

contribution

working

capital

in FY11

Guidance does not take into consideration the effect of any future

acquisitions,

additional

debt

and/or

repurchases

excess

of the

repurchases needed to achieve our 128M weighted-average outstanding

shares guidance

Revolving

credit

facility

and

term

loan

mature

March

29,

2012

and are

expected to be renewed prior to maturity

Broadridge - FY11 Continuing Operations Financial Guidance Summary

Summary

We are staying the course

Third quarter results were solid

Core recurring revenue is strong and performed as expected

Event-driven revenues remain weak

We continue to make good progress on our three strategic initiatives

IBM, Penson and MSSB

Strong client revenue retention rate of 99%

Closed sales are solid and more profitable than in the past

Many large deals in progress

Acquisitions are adding significant value and performing above or near plan

New strategic initiatives, acquisitions and related sales providing meaningful

opportunities

No significant change in the regulatory environment

First annual Investor Day scheduled for June 22, 2011

Associates are focused and engaged

Q&A

There are no slides during this portion of the

presentation

Closing Comments

There are no slides during this portion of the

presentation

Appendix

FY11 Financial Guidance

Figures in millions, except EPS

Revenues

EPS

Revenues

EPS

Revenues

EPS

Revenues

EPS

Revenues

EPS

FY10 (GAAP)

968

0.56

1,241

1.06

2,209

1.62

Core Business

Recurring

0.11

Sales (without MSSB)

0.07

0.11

0.18

Losses

(13)

(0.06)

(11)

(0.04)

(24)

(0.10)

Internal Growth

(3)

(0.01)

0.04

0.03

Event-Driven Fees

(84)

(0.25)

(32)

(0.09)

(116)

(0.34)

Distribution

(64)

(0.03)

(42)

(0.01)

(106)

(0.04)

Acquisitions

0.01

Key Initiatives

Penson

(0.04)

(0.08)

0.08

MSSB

0.02

0.03

IBM

(0.01)

(0.12)

0.24

Key Initiatives

(0.04)

(0.03)

(0.07)

(0.01)

0.27

Other

Restructuring

(0.05)

0.11

0.03

Expense Savings / FX / Other

(0.02)

0.08

0.06

Share Repurchases

0.02

0.09

0.11

Tax Rate

(0.06)

Interest Refinanced Debt

Total Change

(104)

(0.38)

0.11

(49)

(0.27)

FY11

(GAAP)

864

0.18

1,296

1.17

2,160

1.35

Note:

(A)

Shows only directional view for key initiatives discussed. Does not include forward looking guidance for core business, acquistions, taxes or share repurchases.

2Q11 YTD

2H11

FY11

FY12

FY13

Actual

Mid-Point Guidance

Key Initiatives

(A)

Key Initiatives

(A)

Circled numbers represent change from prior quarter which relates to postage revenues (primarily related to mix of mailings). No EPS impact.

Segment Results & Forecast –

Other & Foreign Exchange (FX)

FY11:

Corporate

Expenses

and

Investments:

Full

year

run

rate

the

$20M

range,

consisting

corporate

expenses, excluding M&A activity, IBM ITO/ one-time charge

FX:

Full

year

low

and

high

ranges

assume

current

rates

and

forward

rates,

respectively

FY11 Range

3Q11

3Q11 YTD

Low

High

Other Fees Revenue

$0M

$1M

Other Fees Margin

$0M

$1M

Interest Expense

$(2)M

$(6)M

$(10)M

Corp. Expenses & Investments

$(7)M

$(17)M

$(28)M

$(31)M

- P&L

- Revenue

$4M

$7M

$14M

- EBIT

$3M

$7M

$6M

$11M

- Transaction Activity

$0M

$(1)M

$0M

Broadridge 3Q and YTD from Continuing Operations

Revenue

($ in millions)

Earnings

Revenue

($ in millions)

Earnings

FY10

FY11

FY10

FY11

FY10

FY11

FY10

FY11

Q3 YTD

$356

$369

ICS

$28

$30

$1,060

$942

ICS

$102

$39

Growth % / Margin %

7.8%

8.2%

12%

-11%

Growth % / Margin %

9.7%

4.1%

$134

$154

SPS

$25

$27

$398

$442

SPS

$73

$67

-2%

15%

Growth % / Margin %

18.3%

17.6%

-6%

11%

Growth % / Margin %

18.5%

15.2%

$490

$523

Total Segments

$52

$57

$1,457

$1,384

Total Segments

$176

$106

Growth %

Margin %

10.7%

10.9%

-5%

Growth %

Margin %

12.1%

7.7%

Other

($3)

($7)

Other

($10)

($17)

($1)

$491

$527

Total Broadridge

$51

$53

$1,459

$1,391

Total Broadridge

$167

$95

Growth %

Margin %

10.4%

10.1%

-5%

Growth %

Margin %

11.5%

6.8%

Interest & Other

($3)

($2)

Interest & Other

($8)

($6)

Total EBT

$48

$51

Total EBT

$159

$88

Margin %

9.9%

9.7%

Margin %

10.9%

6.4%

Income Taxes

($18)

Income Taxes

($50)

($32)

Tax Rate (a)

36.3%

36.2%

Tax Rate (a)

31.7%

36.2%

Total Net Earnings

$31

$33

Total Net Earnings

$109

$56

Margin %

6.3%

6.2%

Margin %

7.5%

4.1%

Diluted Shares

139

128

Diluted Shares

140

129

Diluted EPS (GAAP)

$0.22

$0.25

Diluted EPS (GAAP)

$0.78

$0.44

Diluted EPS Before 1-Times (Non-GAAP)

$0.22

$0.25

Diluted EPS Before 1-Times (Non-GAAP)

(b)

$0.72

$0.44

Includes impacts of FX P&L Margin and FX Transaction Activity

(a) FY10 Q3YTD Tax Rate of 31.7% is attributable to the release of a valuation allowance on a deferred tax asset relating to

tax loss carryforwards of approximately $8M.

Excluding the year-to-date benefit the FY10 Q3 YTD tax rate would be 36.7%

(b) FY10 Q3 YTD Diluted EPS Before 1-Times (Non-GAAP) excludes the release of a valuation allowance on a deferred tax

asset relating to tax loss carryforwards of approximately $8M (gain reflected in Income Taxes)

$0.06 impact to EPS.

Broadridge FY11 Guidance from Continuing Operations

($ in millions)

FY10

FY11 Range

FY10

FY11 Range

Actual

Low

High

Actual

Low

High

$1,670

$1,549

$1,558

ICS

$273

$210

$219

-7%

Growth % / Margin %

16.3%

13.5%

14.1%

$536

$593

$599

SPS

$99

$85

$90

-4%

11%

12%

Growth % / Margin %

18.5%

14.3%

15.1%

$2,205

$2,142

$2,157

Total Segments

$372

$294

$310

-3%

-2%

Growth %

Margin %

16.9%

13.7%

14.4%

Other

($25)

($27)

($30)

$14

$11

$2,209

$2,150

$2,171

Total Broadridge

$352

$274

$291

-3%

-2%

Growth % / Margin %

15.9%

12.7%

13.4%

Interest & Other

($10)

Total EBT

$342

$264

$281

FY11 Range

Margin %

15.5%

12.3%

12.9%

Segments

Low

High

ICS

$90

$130

Income Taxes

($117)

($98)

($102)

SPS

$45

$50

Tax Rate (a)

34.2%

37.0%

36.2%

Total

$135

$180

Total Net Earnings

$225

$166

$179

Margin %

10.2%

7.7%

8.2%

Diluted Shares

139

128

Diluted EPS (GAAP)

$1.62

$1.30

$1.40

$1.56

$1.30

$1.40

* Includes impact of FX P&L Margin and FX Transaction Activity

(a) FY10 Full

Year

Tax

Rate

34.2%

attributable

the

release

valuation

allowance

deferred

tax

asset

relating

tax

loss

carryforwards

approximately

$8M.

Excluding the year-to-date benefit the FY10 Full Year tax rate would be 36.5%

(b) FY10 Full Year Diluted EPS Before 1-Times (Non-GAAP) excludes the release of a valuation allowance on a deferred tax asset relating to tax loss carryforwards

approximately

$8M

(gain

reflected

Income

Taxes).

$0.06

impact

EPS.

Guidance does not take into consideration the effect of any future acquisitions, additional debt and/or share repurchases in excess of

the repurchases needed to be within our 128 million weighted-average outstanding shares guidance.

Closed Sales

Revenue

Earnings

Diluted EPS Before 1-Times (Non-GAAP)

(b)

Cash Flow –

3Q11 Results and FY11 Forecast

(a)

Guidance

does

not

take

into

consideration

the

effect

any

future

acquisitions,

additional

debt

and/or

repurchases

excess

the

repurchases needed to achieve our 128 million weighted-average outstanding shares guidance.

Unaudited

(In millions)

Nine Months Ended

March 2011

Low

High

Net earnings from continuing operations (GAAP)

166

179

Depreciation and amortization (includes other LT assets)

Stock-based compensation expense

Other

(7)

(5)

Subtotal

124

256

289

Working capital changes

(68)

(30)

(25)

Long-term assets & liabilities changes

(18)

(30)

(20)

Net cash flow provided by continuing operating activities

196

244

Cash Flows From Investing Activities

IBM / ITO data center investment

(6)

(10)

(5)

Capital expenditures & software purchases

(24)

(45)

(40)

Free cash flow (Non-GAAP)

141

199

Cash Flows From Other Investing and Financing Activities

Acquisitions

(293)

Stock repurchases net of options proceeds

(176)

Proceeds from Short-term borrowing

240

200

Dividends paid

(56)

(76)

Other (includes Disc Ops)

Net change in cash and cash equivalents

(262)

(194)

(134)

Cash and cash equivalents, at the beginning of year

413

Cash and cash equivalents, at the end of period

151

219

279

FY11 Range

(a)

Free Cash Flow

(Non-GAAP)

Closed Sales to Revenue Contribution

($ in millions)

Forecast

Recurring

(B)

FY09

(A)

FY10

FY11

ICS

(C)

$55

$80

$65-100

~ Revenue Contribution Year 1-3

55%

35%

10%

50%

40%

10%

20%

50%

15%

SPS

$30

$40

$45-50

~ Revenue Contribution Year 1-3

33%

67%

10%

40%

50%

10%

20%

60%

Event-Driven

$45

$55

$25-30

~ Revenue Contribution Year 1-3

70%

10%

20%

80%

10%

50%

Total Closed Sales

(B)

$130

$175

$135-180

~ Revenue Contribution Year 1-3

50%

30%

20%

50%

30%

20%

25%

35%

30%

(A)

FY09 Closed Sales were adjusted down to $130M from $140M. The $10M difference relates to the Penson Canada

deal that is now being reflected as an acquisition.

(B)

FY11 Recurring Revenue Closed Sales are expected to contribute revenue over a four year period.

(C)

FY11 Closed Sales include approximately $9M related to acquisitions.

Revenues and Closed Sales FY05-FY11

($ in millions)

FY05-10

Forecast

FY10-11

Recurring Fee Revenues

FY05

FY06

FY07

FY08

FY09

FY10

CAGR

FY11

Growth Rates

ICS

414

480

481

521

547

575

$607-612

~6%

Growth

16%

SPS

459

458

509

515

537

513

$521-527

2-3%

Growth

11%

-4%

Segment Recurring Fee Revenues

873

937

990

1,036

1,084

1,088

$1,127-1,138

4-5%

Growth

Acquisitions

NM*

$162

NM*

Total Recurring Fee Revenues

873

955

1,018

1,064

1,117

1,133

$1,289-1,300

14-15%

Event-Driven

158

186

241

237

216

292

13%

$175

~(40)%

Growth

18%

30%

-2%

-9%

35%

Distribution

649

730

821

808

757

781

$680-682

~(13)%

Growth

12%

-2%

-6%

Other/FX

(25)

(19)

(12)

(17)

NM*

$8-14

NM*

Total BR Revenues

1,656

1,853

2,067

2,131

2,073

2,209

$2,150-2,171

(3)-(2)%

Growth

12%

-3%

Recurring Closed Sales

119

$110-150

Growth

19%

-32%

30%

16%

25%

ED Closed Sales

18%

$25-30

Growth

38%

48%

29%

-30%

27%

Total Closed Sales

101

125

112

145

139

175

12%

$135-180

Growth

24%

-10%

29%

-4%

26%

*NM= Not Meaningful

($ in millions)

FY05-10

Forecast

Event-Driven Fee Revenues

FY05

FY06

FY07

FY08

FY09

FY10

CAGR

FY11

Mutual Fund Proxy

150

24%

Mutual Fund Supplemental/ Pre-sale

Contest/ Specials/ Other Communications

Total Event-Driven Fee Revenues

158

186

241

237

216

292

13%

175

Growth

18%

30%

-2%

-9%

35%

Recurring Distribution Revenues

487

552

579

566

556

554

~$540

Growth

13%

-2%

ED Distribution Revenues

162

178

242

201

227

~$160

Growth

10%

36%

-17%

13%

Total Distribution Revenues

649

730

821

808

757

781

~$700

Growth

12%

-2%

-6%

Reconciliation of Non-GAAP to GAAP Measures

(a) Guidance

does

not

take

into

consideration

the

effect

any

future

acquisitions,

additional

debt

and/or

repurchases

excess

the

repurchases

needed

to achieve our 128 million weighted-average outstanding shares guidance.

(a) FY10 Full Year Diluted EPS Before 1-Times (Non-GAAP) excludes the release of a valuation allowance on a deferred tax asset relating to tax loss carryforwards of approximately $8M (gain reflected in Income Taxes). $0.06

impact to EPS.

EBIT Reconciliation

3Q10

3Q11

YTD10

YTD11

FY10

FY11 Range (a)

($ in millions)

Actual

Low

High

EBIT (Non-GAAP)*

$51

$53

$167

$95

$352

$274

$291

Margin %

10.4%

10.1%

11.5%

6.8%

15.9%

12.7%

13.4%

Interest & Other

($3)

($2)

($8)

($6)

($10)

Total EBT (GAAP)

$48

$51

$159

$88

$342

$264

$281

Margin %

9.9%

9.7%

10.9%

6.4%

15.5%

12.3%

12.9%

EPS Reconciliation

Low

High

Diluted EPS from continuing operations (GAAP)

$0.22

$0.25

$0.78

$0.44

$1.62

$1.30

$1.40

One-time recognition of a deferred tax asset

($0.06)

Diluted EPS before One-Times (Non-GAAP) (a)

$0.22

$0.25

$0.72

$0.44

$1.56

$1.30

$1.40

* Includes impact of FX Transaction Activity

Free Cash Flow Reconciliation

Nine Months Ended

($ in millions)

March 2011

Low

High

Net earnings from continuing operations (GAAP)

166

179

Depreciation and amortization (includes other LT assets)

Stock-based compensation expense

Other

(7)

(5)

Subtotal

124

256

289

Working capital changes

(68)

(30)

(25)

Long-term assets & liabilities changes

(18)

(30)

(20)

Net cash flow provided by continuing operating activities

196

244

Cash Flows From Investing Activities

IBM / ITO data center investment

(6)

(10)

(5)

Capital expenditures & software purchases

(24)

(45)

(40)

Free cash flow (Non-GAAP)

141

199

FY11 Range

(a)

Free Cash Flow

(Non-GAAP)

ICS Key Segment Revenue Stats

$ in millions

RC= Recurring

ED= Event-Driven

Fee Revenues

3Q10

3Q11

FY10 YTD

FY11 YTD

Type

Proxy

Equities

28.3

31.1

81.4

81.2

Stock Record Position Growth

-4%

-1%

Pieces

27.2

25.6

82.2

69.6

Mutual Funds

21.7

12.8

120.5

30.1

Pieces

28.2

16.9

167.9

41.0

(11.667)

Contests/Specials

4.4

2.1

16.0

10.3

Pieces

6.4

2.1

21.4

10.9

(3.333)

Total Proxy

54.4

46.0

217.9

121.6

Total Pieces

61.8

44.6

271.5

121.5

Notice and Access Opt-in %

61%

57%

Suppression %

46%

52%

50%

Interims

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

26.2

30.0

67.5

76.5

Position Growth

Pieces

135.6

146.4

358.3

386.1

Mutual Funds (Supplemental Prospectuses) & Other

16.0

14.3

36.0

34.1

Pieces

96.4

86.4

205.2

198.1

-20

13.33333

Total Interims

42.2

44.3

103.5

110.6

Total Pieces

232.0

232.8

563.5

584.2

Transaction

Transaction Reporting/Customer Communications

42.3

45.4

105.6

118.0

Reporting

Fulfillment

Post-Sale Fulfillment

18.6

17.7

56.6

53.8

Pre-Sale Fulfillment

9.0

10.8

25.8

31.6

Total Fulfillment

27.6

28.5

82.4

85.4

Other

Other -Recurring

(1)

3.8

33.6

10.1

49.2

Communications

Other -

Event-Driven

(2)

11.2

11.3

28.7

25.6

Total Other

15.0

44.9

38.8

74.8

Total Fee Revenues

181.5

209.1

548.2

510.4

Total Distribution Revenues

175.0

159.8

511.6

432.1

Total Revenues as reported -GAAP

356.5

368.9

1,059.7

942.5

FY11 Ranges

Low

High

Total RC Fees

119.2

157.8

321.2

378.7

~$700

Total ED Fees

62.3

51.3

227.0

131.7

~$175

FY11 Ranges

Low

High

Sales

Losses

-1%

-2%

Key

Net New Business

Revenue

Internal growth

Drivers

Recurring (Excluding Acquisitions)

Acquisitions

Total Recurring

10%

Event-Driven

-3%

-9%

-7%

Distribution

-4%

-8%

-6%

TOTAL

12%

-11%

-7%

(1) Other Recurring Fee Revenues include Matrix, NewRiver, StockTrans, Access Data, Forefield and Tax Reporting.

(2) Other Event-Driven includes 3.3M pieces for 3Q10 and 2.5M for 3Q11, primarily related to corporate actions.

Note: Certain prior period amounts have been reclassified to conform with current period presentation

SPS and Outsourcing Key Segment Revenue Stats

$ in millions

RC= Recurring

ED= Event-Driven

3Q10

3Q11

YTD10

YTD11

Type

Equity

Transaction-Based

Equity Trades

57.6

64.4

176.5

178.6

Internal Trade Volume

(1)

1,532

1,725

1,497

1,541

Internal Trade Growth

13%

-3%

Trade Volume (Average Trades per Day in '000)

(2) (3)

1,556

1,746

1,516

1,559

Non-Transaction

Other Equity Services

51.5

53.3

145.4

158.2

Total Equity

109.1

117.7

321.9

336.8

Fixed Income

Transaction-Based

Fixed Income Trades

[4]

11.3

14.4

35.1

41.7

Internal Trade Volume

(1)

279

332

280

321

Internal Trade Growth

-7%

19%

-8%

15%

Trade Volume (Average Trades per Day in '000)

(3)

279

336

280

323

Non-Transaction

Other Fixed Income Services

[4]

7.0

7.2

22.1

21.8

Total Fixed Income

18.3

21.6

57.2

63.5

Outsourcing

6.2

14.6

18.4

41.3

# of Clients

Total

Net

Revenue

reported

GAAP

133.6

153.9

397.5

441.7

FY11 Ranges

Low

High

Sales

Losses

-4%

-2%

-4%

-3%

Key

Net New Business

Revenue

Transaction & Non-transaction

-2%

-3%

Drivers

Concessions

-2%

-1%

-4%

-2%

Internal growth

-4%

-7%

Acquisitions

TOTAL

-2%

15%

-6%

11%

12%

(3) Prior Year's trade volume adjusted for comparability.

(4) Fixed

Income

FY10

Trade

revenue

adjusted

reclassify

$0.5M

mortgage

product

revenue

other

fixed

income

services,

$1.2M

YTD.

(2) Equity Trade volume adjusted to excludes trades processed under fixed priced contracts. Management believes excluding this trade volume presents a

stronger correlation between trade volume and Equity Trade revenue.

(1) 3Q10 Internal Trade Volume previously was reported as 1,516 and 277 for Equities and Fixed Income, respectively. YTD10 Internal Trade Volume

previously was reported as 1,482 and 263 for Equities and Fixed Income, respectively. These numbers were adjusted to reflect Losses and Sales in order to

present consistent business for the purpose of calculating internal trade growth.

Refers

primarily

information

required

provided

mutual

funds

supplement

information

previously

provided

annual

mutual

fund

prospectus

(e.g.,

change

portfolio

managers,

closing

funds

class

investors,

restating

clarifying

items

the

original

prospectus).

The

events

could

occur

any

time

throughout

the

year.

Refers to the proxy services we provide in connection with stockholder meetings held outside of the normal annual meeting cycle and are primarily driven by special events (e.g., mergers

and

acquisitions

which

the

company

being

acquired

public

company and needs to solicit the approval of its stockholders).

Refers

communications

provided

corporate

issuers

and

investment

companies

investors

including

newsletters,

notices, tax information, marketing materials and other information not

required to be distributed by regulation.

Mutual

Funds

(Supplemental

Prospectuses)

–

Refers to the services we provide investment companies in connection with information they are required by regulation

to distribute periodically to their investors. These reports contain pertinent information such as holdings, fund performance, and other required disclosure.

Refers primarily to the printing and distribution of account statements, trade confirmations and tax reporting documents to account holders, including electronic delivery and

archival services.

Refers

primarily

the

distribution

prospectuses,

offering

documents,

and

required

regulatory disclosure information to investors in connection with purchases of

securities.

Refers to the distribution of marketing literature, welcome kits, enrollment kits, and investor information to prospective investors, existing stockholders and other targeted recipients

on behalf of broker-dealers, mutual fund companies and 401(k) administrators.

Refers to the services we provide in connection with the distribution of communications material not included in the above definitions such as non-objecting beneficial owner (NOBO) lists, and

corporate actions such as mergers, acquisitions, and tender offer transactions

Refers

the

proxy

services

provide

when

separate

agenda

put

forth

one

stockholders

that

in opposition to the proposals presented by management of

the company which is separately distributed and tabulated from the company’s proxy materials.

Refers to the proxy services we provide for funds, classes or trusts of an investment company. Open-ended mutual funds are not required to have annual

meetings. As a result, mutual fund proxy services provided to open-ended mutual funds are driven by a "triggering event." These triggering events can be a change in

directors, fee structures, investment restrictions, or mergers of funds.

Refers to the proxy services we provide in connection with annual stockholder meetings for publicly traded corporate issuers. Annual meetings of public companies include

shares held in "street name" (meaning that they are held of record by brokers or banks, which in turn hold the shares on behalf of their clients, the ultimate beneficial owners) and shares

held in "registered name" (shares registered directly in the names of their owners).

Broadridge ICS Definitions

Equities

–

Mutual

Funds

–

Contest –

Specials –

Mutual

Funds

(Annual/Semi-Annual

Reports/Annual

Prospectuses)

–

Transaction Reporting

–

Post-Sale

Fulfillment

–

Pre-Sale

Fulfillment

–

Other –

Proxy

Interims

Transaction Reporting

Fulfillment

Other Communications

Use of Material Contained Herein

The

information

contained

this

presentation

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 accuracy is

your responsibility. Broadridge assumes no duty to update or revise the information

contained in this presentation. You may reproduce information contained in this

presentation provided you do not alter, edit, or delete any of the content and provided you

identify the source of the information as Broadridge Financial Solutions, Inc., which owns

the copyright.

Financial information presented for periods prior to the March 30, 2007 spin-off of

Broadridge from Automatic Data Processing, Inc. (“ADP”) represents the operations of

the brokerage services business which were operated as part of ADP. Broadridge’s

financial results for periods before the spin-off from ADP may not be indicative of our

future performance and do not necessarily reflect what our results would have been had

Broadridge operated as a separate, stand-alone entity during the periods presented,

including changes in our operations and capitalization as a result of the spin-off from

ADP.

Broadridge and the Broadridge logo are registered trademarks of Broadridge Financial

Solutions, Inc.

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