Attached files
| file | filename |
|---|---|
| 8-K - 8-K - BROADRIDGE FINANCIAL SOLUTIONS, INC. | form8-k4q2018earnings.htm |
| EX-99.2 - EXHIBIT 99.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | ex9924qfy18earningsprese.htm |
| EX-99.1 - EXHIBIT 99.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | ex991earningsrelease4q2018.htm |
BROADRIDGE FINANCIAL SOLUTIONS, Inc. SUPPLEMENTAL REPORTING DETAIL Exhibit 99.3 FOURTH QUARTER AND FISCAL YEAR 2018 ADDITIONAL PRODUCT LINE REPORTING Quarter Ended June 30, $ % Fiscal Year Ended June 30, $ % $ in millions 2018 2017 Change Change 2018 2017 Change Change Investor Communication Solutions ("ICS") Equity proxy $ 298.1 $ 275.4 $ 22.6 8 % $ 406.8 $ 382.0 $ 24.8 6 % Mutual fund & ETF interims 58.3 49.9 8.4 17 % 221.4 198.2 23.2 12 % Customer communications & fulfillment 180.6 187.2 (6.6) (4)% 760.1 763.5 (3.4) — % Other ICS 91.1 77.0 14.2 18 % 310.6 282.0 28.5 10 % Total ICS recurring fee revenues $ 628.0 $ 589.4 $ 38.6 7 % $ 1,698.9 $ 1,625.7 $ 73.1 5 % Equity & other 34.9 36.4 (1.5) (4)% 134.4 86.4 48.0 56 % Mutual funds 25.8 54.3 (28.4) (52)% 149.4 132.5 17.0 13 % Total Event-driven revenues $ 60.7 $ 90.7 $ (29.9) (33)% $ 283.9 $ 218.9 $ 65.0 30 % Distribution 422.9 475.6 (52.7) (11)% 1,512.9 1,554.0 (41.0) (3)% Total ICS revenues $ 1,111.7 $ 1,155.7 $ (44.0) (4)% $ 3,495.6 $ 3,398.6 $ 97.1 3 % Global Technology & Operations ("GTO") Equities & other 193.0 180.9 12.1 7 % 757.2 686.2 71.0 10 % Fixed income 40.5 35.8 4.7 13 % 154.3 139.3 15.1 11 % Total GTO recurring fee revenues $ 233.5 $ 216.7 $ 16.8 8 % $ 911.6 $ 825.5 $ 86.1 10 % Foreign currency exchange (24.8) (26.7) 1.9 (7)% (77.3) (81.5) 4.2 (5)% Total revenues $ 1,320.4 $ 1,345.7 $ (25.3) (2)% $ 4,329.9 $ 4,142.6 $ 187.3 5 % ` Revenues by Type Recurring fee revenues $ 861.5 $ 806.1 $ 55.4 7 % $ 2,610.4 $ 2,451.2 $ 159.2 6 % Event-driven revenues 60.7 90.7 (29.9) (33)% 283.9 218.9 65.0 30 % Distribution revenues 422.9 475.6 (52.7) (11)% 1,512.9 1,554.0 (41.0) (3)% Foreign currency exchange (24.8) (26.7) 1.9 (7)% (77.3) (81.5) 4.2 (5)% Total revenues $ 1,320.4 $ 1,345.7 $ (25.3) (2)% $ 4,329.9 $ 4,142.6 $ 187.3 5 % Amounts may not sum due to rounding
BROADRIDGE FINANCIAL SOLUTIONS, Inc. SUPPLEMENTAL REPORTING DETAIL FOURTH QUARTER AND FISCAL YEAR 2018 RECURRING FEE REVENUE GROWTH DRIVERS Quarter Ended June 30, Fiscal Year Ended June 30, ICS GTO Broadridge ICS GTO Broadridge Internal growth 3% 4% 3% 2% 4% 2% Net new business 2% 4% 3% 2% 5% 3% Organic recurring fee revenue growth 5% 8% 6% 4% 9% 5% Acquisitions 1% —% 1% 1% 2% 1% Total recurring fee revenue growth 7% 8% 7% 5% 10% 6% Amounts may not sum due to rounding
BROADRIDGE FINANCIAL SOLUTIONS, Inc. SUPPLEMENTAL REPORTING DETAIL FOURTH QUARTER AND FISCAL YEAR 2018 SELECT OPERATING STATISTICS Quarter Ended June 30, $ % Fiscal Year Ended June 30, $ % $ in millions 2018 2017 Change Change 2018 2017 Change Change Closed Sales $115.1 $63.5 $51.6 81% $214.9 $188.5 $26.4 14% Record Growth1 Equities proxy 11% 10% 11% 8% Mutual fund interims 13% 7% 10% 4% Internal Trade Growth2 Equity 17% 5% 15% 4% Fixed income 10% 2% 6% 1% Amounts may not sum due to rounding 1 Stock record growth and interim record growth measure the annual change in total positions for equity proxies and mutual fund & ETF interims, respectively, for equities and mutual funds’ position data reported to Broadridge in both the current and prior year periods. 2 Internal trade growth represents the growth in trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge's trading platforms in both the current and prior year period.
BROADRIDGE FINANCIAL SOLUTIONS, Inc. SUPPLEMENTAL REPORTING DETAIL FOURTH QUARTER AND FISCAL YEAR 2018 ADDITIONAL PRODUCT LINE REPORTING $ in millions Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Investor Communication Solutions ("ICS") Equity proxy $ 30.8 $ 31.6 $ 44.2 $ 275.4 $ 30.0 $ 33.6 $ 45.1 $ 298.1 Mutual fund & ETF interims 44.2 44.2 59.9 49.9 49.2 46.9 67.0 58.3 Customer communications & fulfillment 183.7 188.9 203.8 187.2 181.5 187.3 210.7 180.6 Other ICS 65.0 64.4 75.6 77.0 72.2 66.5 80.7 91.1 Total ICS recurring fee revenues $ 323.8 $ 329.1 $ 383.5 $ 589.4 $ 332.9 $ 334.4 $ 403.5 $ 628.0 Equity & other 17.7 14.4 18.0 36.4 30.8 28.8 39.9 34.9 Mutual funds 19.8 15.4 43.0 54.3 28.5 68.6 26.6 25.8 Total Event-driven revenues $ 37.5 $ 29.8 $ 60.9 $ 90.7 $ 59.3 $ 97.3 $ 66.5 $ 60.7 Distribution 356.7 345.6 376.0 475.6 334.2 370.4 385.4 422.9 Total ICS revenues $ 718.0 $ 704.4 $ 820.5 $ 1,155.7 $ 726.4 $ 802.2 $ 855.3 $ 1,111.7 Global Technology & Operations ("GTO") Equities & other 160.2 171.8 173.4 180.9 179.0 189.4 195.9 193.0 Fixed income 33.0 35.3 35.2 35.8 35.9 38.5 39.3 40.5 Total GTO recurring fee revenues $ 193.2 $ 207.0 $ 208.6 $ 216.7 $ 214.9 $ 228.0 $ 235.2 $ 233.5 Foreign currency exchange (15.9) (18.8) (20.1) (26.7) (16.5) (17.4) (18.6) (24.8) Total revenues $ 895.3 $ 892.6 $ 1,008.9 $ 1,345.7 $ 924.8 $ 1,012.8 $ 1,071.9 $ 1,320.4 Revenues by Type Recurring fee revenues $ 516.9 $ 536.1 $ 592.0 $ 806.1 $ 547.8 $ 562.4 $ 638.6 $ 861.5 Event-driven revenues 37.5 29.8 60.9 90.7 59.3 97.3 66.5 60.7 Distribution revenues 356.7 345.6 376.0 475.6 334.2 370.4 385.4 422.9 Foreign currency exchange (15.9) (18.8) (20.1) (26.7) (16.5) (17.4) (18.6) (24.8) Total revenues $ 895.3 $ 892.6 $ 1,008.9 $ 1,345.7 $ 924.8 $ 1,012.8 $ 1,071.9 $ 1,320.4 Amounts may not sum due to rounding