BROADRIDGE FINANCIAL SOLUTIONS, INC. - FORM 8-K - EX-99.2 - EARNINGS WEBCAST & CONFERENCE CALL PRESENTATION DATED FEBRUARY 7, 2012

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2012 Broadridge Financial Solutions, Inc.

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

February 7, 2012

Earnings Webcast & Conference Call

Second Quarter Fiscal Year 2012

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, 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. In particular, information appearing in the “Fiscal Year 2012 Financial Guidance” section

and statements about our future financial performance 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, 2011 (the

“2011 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange

Commission. All forward-looking statements speak only as of the date of this presentation and are expressly

qualified in their entirety by reference to the factors discussed in the 2011 Annual Report. These risks include: the

success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;

Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the

continued use by such clients of Broadridge’s sevices with favorable pricing terms; 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 or

revise forward-looking statements that may be made to reflect events or circumstances that arise after the date

made or to reflect the occurrence of unanticipated events, other than as required by law.

Non-GAAP Measures

In certain circumstances, results have been presented that are not generally accepted accounting principles

measures (“Non-GAAP”) and should be viewed in addition to, and not as a substitute for, the Company’s reported

results. Net earnings excluding the Penson “other-than-temporary impairment” charge (the “Penson OTTI charge”)

and the IBM Migration costs, diluted earnings per share excluding the Penson OTTI charge and the IBM Migration

costs, and pre-tax earnings margins excluding the Penson OTTI charge and the IBM Migration costs are Non-GAAP

measures. These measures are adjusted to exclude costs to be incurred in connection with the Penson OTTI

charge and the IBM Migration as Broadridge believes this information helps investors understand the effect of the

Penson OTTI charge and the IBM Migration on reported results and provides a better representation of our actual

performance. Free cash flow is a Non-GAAP measure and is defined as cash flow from operating activities, less

capital expenditures and purchases of intangibles. Management believes such Non-GAAP measures provide

investors with 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. Accompanying this

presentation is a reconciliation of Non-GAAP measures to the comparable GAAP measures.

Today’s Agenda

Opening Remarks and Other

Rich Daly, CEO

Key Topics

Second Quarter and YTD FY 2012

Dan Sheldon, CFO

Highlights and Segment Results

Summary

Rich Daly, CEO

Q&A

Rich Daly, CEO

Dan Sheldon, CFO

Closing Remarks

Rich Daly, CEO

Opening Remarks

Key Topics:

Financial Highlights

Closed Sales Performance

Acquisitions Update

Financial Highlights

Strong revenue growth

Revenues were up 8% for the quarter

•

Primarily due to net new business (closed sales less client losses), internal growth,

acquisitions and the Penson outsourcing services agreement

•

Event-driven revenues down slightly for the quarter

Year-to-date revenues were up 11%

Non-GAAP diluted earnings per share (EPS) were up

Second quarter Non-GAAP diluted EPS of $0.12 were up 50%

•

Primarily due to increased revenues

Year-to-date Non-GAAP diluted EPS of $0.27 were up 42%

Full year guidance

Lowering revenue growth range to 8% to 9%

Reaffirming Non-GAAP diluted EPS of $1.50 to $1.60

Successfully executing our path to fiscal year 2013 diluted EPS of $1.80

without the return of event-driven revenues to historical normal levels, or

$2.00 with the return of event-driven revenues

Closed Sales Performance

Year-to-date recurring revenue closed sales were $63M vs

$52M in the prior year

ICS recurring revenue closed sales year-to-date were $34M vs

$15M in the prior year

SPS recurring revenue closed sales year-to-date were $29M

Signed a meaningful business process outsourcing deal with

Bloomberg Tradebook during the quarter

•

Will help drive our outsourcing business to profitability

Reaffirming our full year recurring revenue closed sales

guidance of $110M to $150M

Acquisitions Update

Since the spin-off, we have spent over $450M on acquisitions

For fiscal year 2012, we expect these acquisitions to generate over $200M in revenue and

$40M in EBITDA

Based on our current projections, our acquisition portfolio is achieving our required hurdle

rate

When

choose

use

your

cash

for

acquisition

because

believe

the

acquisition will derive more value for Broadridge than repurchasing our shares

Passed on hundreds of acquisition opportunities that did not meet our standards

Require a minimum hurdle rate of 20% internal rate of return

The historical success of our tuck-in acquisitions enables our confidence in future growth,

despite a weak economic environment

Available

cash

and

debt

capacity

will

limit

our

acquisition

activity

Priorities for use of cash

Maintain a meaningful dividend

Tuck-in acquisitions that create profitable revenue growth

Opportunistic share repurchases

All above conditioned upon maintaining our investment grade rating

FY12 Financial Highlights

Revenues

and

earnings

before

income

taxes

margins

(Non-GAAP)

both

up for the quarter and YTD

Q2 and YTD recurring fee revenues (~50/50 split core/acquisitions) added 9 points of

growth. Expect FY fee recurring revenues to add 7 to 8 points

Q2 and YTD event-driven and related distribution revenues below last year

Q2 and YTD Earnings before income taxes margins improved by 130 bps and

expecting increase of 30 to 110 bps for the year

Q2 EPS was $0.12 Non-GAAP and $0.05 GAAP and maintaining our FY12 Non-

GAAP EPS guidance of $1.50 to $1.60

IBM and Penson GAAP to Non-GAAP Adjustments

Q2 IBM Migration costs impact of ~$4M or ~$0.02 per share and expected FY12

impact of ~$33M or ~$0.16 per share

Q2 Non-cash “other-than-temporary impairment”

charge of ~$10M or ~$0.05 per

share on the Company’s investment in Penson common stock given the severity and

duration of the stock price decline

Free cash flow in line with quarter expectations and still expecting FY12

mid-point of ~$160M (mid-point ~$235M excluding IBM Migration costs)

Segment Results & Forecast –

Investor Communication Solutions

Recurring fee revenues are in line with expectations, driven by net new

business, internal growth and acquisitions

Through

recurring

fee

growth

20%

and

full

year

expected

approximately 12%, contributing 5 to 6 points to total revenue growth

Client revenue retention levels maintained at 99% and internal growth factors

are in line with expectations

YTD event-driven fee and related distribution revenues are slightly

behind expectations. FY12 fee revenue outlook is now ~$130M (prior

guidance ~$140M and prior year $135M)

Q2 and YTD margins are up. Full year margins expected to increase

100–150 bps

Q2:

$317M/ 8%

$11M/ 308%

3.3%/ 240 bps

YTD:

$630M/ 10%

$19M/ 111%

3.0%/ 140 bps

FY12:

$1,677 to 1,688M / 7 to 8%

$247 to 257M / 16 to 20%

14.7 to 15.2% / 100 to 150 bps

Revenue/Growth

EBIT/Growth

(Non-GAAP)

Margin/Growth

(Non-GAAP)

Segment Results & Forecast –

Securities Processing Solutions

Q2 and YTD revenues up over 10% and driven by net new business, acquisitions

and the Penson outsourcing services agreement

Strong

closed

sales

$24M

(YTD

$29M)

driven

primarily

Outsourcing

business

which

expect

start

contribute

revenues

later

part

FY13

Client revenue retention rate of 99%

Margins up Q2 and YTD excluding impact from Paladyne acquisition

Trade volumes in Q2 were virtually flat

Penson

U.S.

conversion

completed.

Outsourcing

business

expected

profitable

FY13

FY12

revenue

and

EBIT

ranges

dependent

equity

trade

volumes

the

half

Still expecting ~10% revenue growth from net new business and acquisitions with

core business margin expansion

Revenue/Growth

Margin/Growth (Non-GAAP)

Q2:

$161M / +10%

$20M / +5%

12.5% / (70) bps

YTD:

$319M / +11%

$48M / +19%

15.0% / +100 bps

FY12:

$656 to 672M / +10 to +13%

$96 to 112M / +10 to +28%

14.7 to 16.6% / 0 to +190 bps

EBIT/Growth (Non-GAAP)

Summary

Solid operating results year-to-date

Recurring fee revenue and closed sales results continue to be strong

Event-driven revenues have not returned to historical normal levels

Non-GAAP earnings were up year-to-date

Penson conversion completed

Anticipate IBM conversion will be substantially completed by fiscal year-end

Acquisitions are being integrated and are achieving hurdle rate targets

Earnings Guidance

8% to 9% revenue growth

$1.50 to $1.60 Non-GAAP diluted EPS

Successfully executing our path to fiscal year 2013 diluted EPS of $1.80 without the

return of event-driven revenues to historical normal levels, or $2.00 with the return of

event-driven revenues

Highly engaged associates aligned to service profit chain and shareholder value creation

Recognized as one of the Best Companies to Work for in New York for the fifth

consecutive year

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

Segment Results & Forecast –

Other & Foreign Exchange (FX)

Corporate Expenses:

Q2 results as expected

Interest, net:

FY12 reflects higher average debt balance and refinancing of our credit

facilities

Penson:

Non-cash

“other-than-temporary

impairment”

charge

Penson

common

stock to reflect market price at 12/31/11

FX:

Full year range remains unchanged

YTD

2Q12

Low

High

Corporate Expenses

$(6)M

$(13)M

$(30)M

$(36)M

Interest Expense, net

$(4)M

$(6)M

$(14)M

IBM Migration costs

$(4)M

$(7)M

$(33)M

Penson OTTI charge

$(10)M

FX - P&L

- Revenue

$2M

$7M

$9M

$12M

- EBIT

$3M

$5M

$7M

$9M

- Transaction Activity

$0M

$(1)M

FY12 Range

Revenue Growth Drivers

Historical CAGR

Actual

2Q YTD

Forecast

(FY05-FY10)

FY11

FY12

(2)%

Total Revenue Growth

11%

8-9%

4-5%

(2)%

(1)%

Client Losses

(1)%

Net New Business

3-4%

Internal Growth

(a)

~1%

Acquisitions

~3%

Total Recurring

7-8%

(6)%

Event-Driven

(b)

(1)%

(4)%

Distribution

(c)

~1%

FX/Other

(1)%

13.1%

5.8%

6.2%

~14%

(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

EBIT Margin

(Non-GAAP)

Closed Sales

(Recurring)

Broadridge 2Q and YTD from Continuing Operations

Revenue

Earnings

FY11

FY12

FY11

FY12

FY11

FY12

FY11

FY12

YTD Q2

($ in millions)

YTD Q2

$294

$317

$574

$630

ICS

$11

$19

-25%

-18%

10%

Growth % / Margin %

0.9%

3.3%

1.6%

3.0%

$146

$161

$288

$319

SPS

$19

$20

$40

$48

10%

11%

Growth % / Margin %

13.2%

12.5%

14.0%

15.0%

$440

$478

$861

$949

Total Segments

$22

$31

$49

$67

-16%

-11%

10%

Margin %

5.0%

6.4%

5.7%

7.1%

Other

(a)

($5)

($6)

($10)

($13)

(b)

$442

$480

$864

$956

Total Broadridge (Non-GAAP)

(a)

$19

$28

$42

$59

-16%

-11%

11%

Growth % / Margin %

4.2%

5.8%

4.8%

6.2%

Interest & Other

($2)

($4)

($6)

Total EBT (Non-GAAP)

(a)

$17

$24

$37

$53

Margin %

3.7%

5.0%

4.3%

5.6%

Income taxes

(a)

($6)

($9)

($14)

($19)

Tax Rate

35.8%

36.1%

Total Net Earnings (Non-GAAP)

(a)

$11

$15

$24

$34

Margin %

2.4%

3.2%

2.8%

3.6%

IBM Migration costs

($2)

($4)

Penson OTTI charge

($6)

Non-GAAP Items (Net of Taxes)

($8)

($10)

Total Net Earnings (GAAP)

$11

$24

Margin %

2.4%

1.4%

2.8%

2.5%

(a)

Diluted Shares

128

127

129

127

Diluted EPS (Non-GAAP)

(a)

$0.08

$0.12

$0.19

$0.27

Diluted EPS (GAAP)

$0.08

$0.05

$0.18

$0.19

(a) FY12 Q2 excludes the IBM Migration costs of $4M (after tax $2M, or $0.02 EPS impact) and Penson OTTI charge of $10M (after tax $6M, or $0.05 EPS impact). FY12 YTD Q2

excludes the IBM Migration costs of $7M (after tax $4M, or $0.03 EPS impact) and Penson OTTI charge of $10M (after tax $6M, or $0.05 EPS impact).

(b) Includes impacts of FX P&L and FX Transaction Activity.

Broadridge FY12 Guidance from Continuing Operations

Revenue

Earnings

FY11

FY12 Range

FY11

FY12 Range

Actual

Low

High

($ in millions)

Actual

Low

High

$1,559

$1,677

$1,688

ICS

$213

$247

$257

-7%

Growth % / Margin %

13.7%

14.7%

15.2%

$594

$656

$672

SPS

$87

$96

$112

11%

10%

13%

Growth % / Margin %

14.7%

16.6%

$2,153

$2,333

$2,360

Total Segments

$301

$343

$369

-2%

10%

Margin %

14.0%

14.7%

15.6%

Other

(a)

($25)

($30)

($36)

$14

$12

(b)

$2,167

$2,342

$2,372

Total Broadridge (Non-GAAP)

(a)

$285

$319

$341

-2%

Growth % / Margin %

13.1%

13.6%

14.4%

Interest & Other

($8)

($14)

Total EBT (Non-GAAP)

(a)

$276

$305

$327

Margin %

12.7%

13.0%

13.8%

Income taxes

(a)

($100)

($113)

($121)

Recurring Closed Sales

Tax Rate

36.3%

37.0%

FY12 Range

Segments

Low

High

Total Net Earnings (Non-GAAP)

(a)

$176

$192

$206

ICS

$65

$85

Margin %

8.1%

8.2%

8.7%

SPS

$45

$65

Total

$110

$150

IBM Migration costs

($4)

($21)

Penson OTTI charge

($6)

Non-GAAP Items (Net of Taxes)

($4)

($27)

Total Net Earnings (GAAP)

$172

$165

$179

Margin %

7.9%

7.1%

7.5%

(a)

Diluted Shares

128

Diluted EPS (Non-GAAP)

(a)

$1.37

$1.50

$1.60

Diluted EPS (GAAP)

$1.34

$1.29

$1.39

(a) FY11 excludes the IBM Migration costs of $6M, after-tax $4M, or $0.03 EPS impact. FY12 excludes the IBM Migration costs of $33M (after tax $21M, or

$0.16 EPS impact) and Penson OTTI charge of $10M (after tax $6M, or $0.05 EPS impact).

(b) Includes impacts of FX P&L and FX Transaction Activity.

* 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 achieve our 128 million diluted weighted-average outstanding shares guidance.

Free Cash Flow (Non-GAAP)

Unaudited

($ in millions)

Six Months Ended

December 2011

Low

High

Free Cash Flow

(Non-GAAP)

Net earnings from continuing operations (GAAP)

165

179

Depreciation and amortization (includes other LT assets)

100

Stock-based compensation expense

Other

(7)

Subtotal

293

320

Working capital changes

(15)

Long-term assets & liabilities changes

(b)

(30)

(55)

(45)

Net cash flow provided by continuing operating activities

223

260

Cash Flows From Investing Activities

IBM / ITO data center investment

(6)

(15)

(10)

Penson

(7)

Capital expenditures & software purchases

(16)

(65)

(55)

Free

cash

flow

(Non-GAAP)

136

188

Cash

Flows

From

Other

Investing

and

Financing

Activities

Acquisitions

(72)

(73)

Stock repurchases net of options proceeds

(1)

Proceeds from borrowing net of debt repayments

Dividends paid

(58)

Cash Flow –

YTD FY12 Results and FY12 Forecast

(a)

Guidance

does

not

take

into

consideration

the

effect

any

future

acquisitions,

additional

debt

and/or

repurchases

excess

the

repurchases

needed

achieve

our

128

million

diluted

weighted-

average shares outstanding guidance.

(b)

Includes IBM Migration costs of $(12)M and ~$(33)M for YTD Q2FY12 actual and FY12 guidance, respectively.

(c)

FY12

range

presented

this

table

includes

the

impact

~$(73)M

due

IBM

Migration

costs.

When

the

IBM

Migration

costs

are

excluded

from

the

FY12

range,

free

cash

flow

would

~$210M

~$260M,

with

the

mid-point

~$235M.

(78)

Other

(8)

(5)

Net change in cash and cash equivalents

(3)

(21)

Cash and cash equivalents, at the beginning of year

242

Cash and cash equivalents, at the end of period

238

221

283

FY12 Range

(a)

(c)

Closed Sales to Revenue Contribution

Recurring

Fee

Closed

Sales

Revenue

($ in millions)

Closed Sales

Revenue Contribution

(a)

Forecast

Backlog

(b)

FY12

ICS

$65-85

~$45-65

~$40-50

~Contribution to revenue growth

3-4%

SPS

$45-65

~$30-35

~$80-100

~Contribution to revenue growth

Total Recurring Closed Sales

$110-150

~$75-100

~$120-150

~Contribution to revenue growth

4-5%

(a)

Revenue

from

current

and

prior

years’

Closed

Sales.

(b)

Closed Sales that will convert to revenue in future years.

Revenues and Closed Sales FY05-FY12

($ in millions)

FY05-10

Forecast

FY11-12

Recurring Fee Revenues

FY05

FY06

FY07

FY08

FY09

FY10

CAGR

FY11

FY12

Growth Rates

ICS

444

513

519

558

583

610

650

$706-715

9-10%

Growth

16%

SPS

459

458

509

515

537

513

522

$543-556

4-6%

Growth

11%

-4%

Segment Recurring Fee Revenues

903

971

1,028

1,073

1,120

1,123

1,172

$1,249-1,271

7-8%

Growth

Acquisitions

NM*

141

~$210

~50%

Total Recurring Fee Revenues

903

988

1,056

1,101

1,153

1,168

1,313

$1,460-1,486

11-13%

12%

Event-Driven

128

153

203

200

180

257

15%

135

~$130

~(4)%

Growth

20%

33%

-1%

-10%

43%

-47%

Distribution

649

730

821

808

757

781

704

~$745

~6%

Growth

12%

-2%

-6%

-10%

Other/FX

(25)

(19)

(12)

(17)

NM*

~$10

NM*

Total BR Revenues

1,656

1,853

2,068

2,131

2,072

2,209

2,167

$2,342-2,372

8-9%

Growth

12%

-3%

-2%

Recurring Closed Sales

119

113

$110-150

Growth

19%

-32%

30%

16%

25%

-5%

*NM= Not Meaningful

(cumulative)

($ in millions)

FY05-10

Forecast

Event-Driven

Fee

Revenues

(a)

FY05

FY06

FY07

FY08

FY09

FY10

CAGR

FY11

FY12

Mutual Fund Proxy

150

24%

Mutual Fund Supplemental

Contest/ Specials/ Other Communications

Total Event-Driven Fee Revenues

128

153

203

200

180

257

15%

135

130

Growth

20%

33%

-1%

-10%

43%

-47%

Recurring

Distribution

Revenues

(b)

496

562

593

580

567

564

573

~$615

Growth

13%

-2%

-1%

Distribution

Revenues

(b)

153

169

228

190

217

131

~$130

Growth

10%

35%

-17%

14%

-39%

Total Distribution Revenues

649

730

821

808

757

781

704

~$745

Growth

12%

-2%

-6%

-10%

(a) Includes reclassification of Pre-sale Fulfillment from event-driven revenues to recurring revenues.

(b) Includes reclassification of Pre-sale Fulfillment related distribution revenues and Matrix pass-through administrative services from event-driven revenues to recurring revenues.

Reconciliation of Non-GAAP to GAAP Measures

EBIT Reconciliation

2Q11

2Q12

YTD11

YTD12

FY11

FY12 Range

($ in millions)

Actual

Low

High

EBIT from continuing operations (Non-GAAP / excluding IBM Migration costs and Penson OTTI charge)

$19

$28

$42

$59

$285

$319

$341

Margin %

4.2%

5.8%

4.8%

6.2%

13.1%

13.6%

14.4%

Interest & Other

($2)

($4)

($6)

($8)

($14)

Total EBT from continuing operations (Non-GAAP / excluding IBM Migration costs and Penson OTTI charge)

$17

$24

$37

$53

$276

$305

$327

Margin %

3.7%

5.0%

4.3%

5.6%

12.7%

13.0%

13.8%

IBM Migration costs

($4)

($7)

($6)

($33)

Penson OTTI charge

($10)

Total EBT (GAAP)

$17

$11

$37

$36

$270

$263

$285

Margin %

3.7%

2.2%

4.3%

3.8%

12.5%

11.2%

12.0%

EPS Reconciliation

2Q11

2Q12

YTD11

YTD12

FY11

FY12 Range

($ in millions)

Actual

Low

High

Diluted EPS from continuing operations (Non-GAAP)

$0.08

$0.12

$0.18

$0.27

$1.37

$1.50

$1.60

IBM Migration costs

(0.02)

(0.03)

(0.16)

Penson OTTI charge

(0.05)

Diluted EPS before One-Times (GAAP)

$0.08

$0.05

$0.18

$0.19

$1.34

$1.29

$1.39

Free Cash Flow (Non-GAAP)

Unaudited

($ in millions)

Six Months Ended

December 2011

Low

High

Free

Cash

Flow

(Non-GAAP)

Net earnings from continuing operations (GAAP)

165

179

Depreciation and amortization (includes other LT assets)

100

Stock-based compensation expense

Other

(7)

Subtotal

293

320

Working capital changes

(15)

Long-term assets & liabilities changes

(b)

(30)

(55)

(45)

Net cash flow provided by continuing operating activities

223

260

Cash Flows From Investing Activities

IBM / ITO data center investment

(6)

(15)

(10)

Penson

(7)

Capital expenditures & software purchases

(16)

(65)

(55)

Free cash flow (Non-GAAP)

(c)

136

188

FY12 Range

(a)

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

(b)

Includes IBM Migration costs of $(12)M and ~$(33)M for YTD Q2FY12 actual and FY12 guidance, respectively.

(c)

FY12 range presented in this table includes the impact of ~$(73)M due to IBM Migration costs. When the IBM Migration costs are excluded from the FY12

range, free cash flow would be ~$210M to ~$260M, with the mid-point of ~$235M.

One-time Items

(For Informational Purposes Only)

One-Time Restructuring and Acquisition Related Costs (a)

2Q11

2Q12

YTD11

YTD12

FY11

FY12 Range

Actual

Low

High

Deal Costs (b)

($1)

($2)

Amortization of Intangibles

($6)

($2)

($11)

($4)

($15)

($23)

Integration Costs

($2)

($3)

One-Time Restructuring

($1)

($2)

($3)

($11)

($6)

Total One-Time Restructuring and Acquisition Related Costs

($7)

($4)

($14)

($9)

($30)

($33)

Diluted EPS impact

($0.04)

($0.02)

($0.07)

($0.05)

($0.15)

($0.16)

(a) Items management believes should be excluded from the GAAP financials when assessing the overall business performance.

(b) Deal Costs include only costs related to closed transactions.

ICS Key Segment Revenue Stats

RC= Recurring

ED= Event-Driven

$ in millions

Fee Revenues

2Q11

2Q12

YTD FY11

YTD FY12

Type

Proxy

Equities

24.6

24.8

50.1

48.4

Stock Record Position Growth

-2%

-1%

Pieces

21.0

21.2

44.0

41.6

2.50

Mutual Funds

11.1

8.6

17.3

13.8

Pieces

16.1

16.6

24.1

23.0

Contests/Specials

3.9

3.3

8.2

6.6

Pieces

4.2

4.0

8.8

7.7

Total Proxy

39.6

36.7

75.6

68.8

Total Pieces

41.3

41.8

76.9

72.3

Notice and Access Opt-in %

69%

73%

55%

63%

Suppression %

47%

56%

49%

55%

Interims

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

22.9

25.7

46.5

51.2

Position Growth

10%

Pieces

117.2

137.4

239.7

269.3

Mutual Funds (Supplemental Prospectuses) & Other

9.1

8.4

19.8

19.0

Pieces

49.1

45.1

111.6

104.4

Total Interims

32.0

34.1

66.3

70.2

Total Pieces

166.3

182.5

351.3

373.7

Transaction

Transaction Reporting/Customer Communications

37.4

38.8

72.6

76.2

Reporting

Fulfillment

Fulfillment (a)

28.4

31.6

56.9

63.0

Other

Other - Recurring (b)

9.2

25.5

15.7

51.0

Communications

Other - Event-Driven (c)

7.6

7.3

14.2

15.6

Total Other

16.8

32.8

29.9

66.6

Total Fee Revenues

154.2

174.0

301.3

344.8

Total Distribution Revenues (d)

139.9

142.8

272.3

285.0

Total Revenues as reported - GAAP

294.1

316.8

573.6

629.8

FY12 Ranges

Low

High

Total RC Fees

122.5

146.4

241.8

289.8

804

813

Total ED Fees

31.7

27.6

59.5

55.0

130

FY12 Ranges

Low

High

Sales

Losses

-1%

Key

Net New Business

Revenue

Internal growth

Drivers

Recurring (Excluding Acquisitions)

Acquisitions

Total Recurring

Event-Driven

-17%

-1%

-12%

-1%

Distribution

-11%

-9%

TOTAL

-25%

-18%

10%

(a) Consolidated Pre-sale and Post-sale Fulfillment and reclassified Pre-sale from event-driven to recurring revenues.

(b) Other Recurring Fee Revenue includes Matrix, New River, StockTrans, Access Data, Forefield and Tax Reporting.

(c) Other event-driven includes 2.5M pieces for 2Q11, 2.1M for 2Q12, and 3.8M for FY12 YTD, primarily related to corporate actions.

(d) Total Distribution revenues primarily include pass-through revenues related to the physical mailing of Proxy and Interims, as well as Matrix administrative services.

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

SPS and Outsourcing Key Segment Revenue Stats

RC= Recurring

ED= Event-Driven

$ in millions

2Q11

2Q12

YTD FY11

YTD FY12

Type

Equity

Transaction-Based

Equity Trades (a)

59.1

56.2

114.2

116.1

Internal Trade Volume (b)

1,474

1,456

1,445

1,522

Internal Trade Growth

-1%

-2%

Trade Volume (Average Trades per Day in '000)

1,497

1,460

1,467

1,528

Non-Transaction

Other Equity Services

53.0

61.0

104.9

117.9

Total Equity

112.1

117.2

219.1

234.0

Fixed Income

Transaction-Based

Fixed Income Trades

13.8

15.5

27.3

31.3

Internal Trade Volume

326

335

316

334

Internal Trade Growth

18%

12%

Trade Volume (Average Trades per Day in '000

327

364

316

361

Non-Transaction

Other Fixed Income Services

7.5

9.5

14.6

17.9

Total Fixed Income

21.3

25.1

41.9

49.2

Outsourcing

12.7

18.8

26.7

36.2

# of Clients

Total Net Revenue as reported - GAAP

146.1

161.1

287.8

319.5

FY12 Ranges

Low

High

Sales

Losses

-4%

-1%

-4%

-1%

Key

Net New Business

Revenue

Transaction & Non-transaction

Drivers

Concessions

-1%

-2%

-1%

-2%

Internal growth

-2%

-1%

Acquisitions

TOTAL

10%

11%

10%

13%

(a) Equity trade volume adjusted to exclude trades processed under fixed priced contracts. 1Q12 Internal Trade Volume restated to exclude growth from semi-variable step

contracts. Management believes excluding these trade volumes presents a stronger correlation between trade volume and Equity trade revenue.

(b) 2Q11 Internal Trade Volume was previously reported as 1,481 for Equities. YTD11 Internal Trade Volume was previously reported as 1,452 for Equities. These numbers were

adjusted to reflect Losses and Sales in order to present consistent business for the purpose of calculating internal trade growth.

Broadridge ICS Definitions

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

indicative

our

future

performance

and

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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