Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | ex992q2fy17earningsprese.htm |
| EX-99.1 - EXHIBIT 99.1 - BROADRIDGE FINANCIAL SOLUTIONS, INC. | ex991earningsrelease-20161.htm |
| 8-K - 8-K - BROADRIDGE FINANCIAL SOLUTIONS, INC. | form8-kre2q2017earnings.htm |
BROADRIDGE FINANCIAL SOLUTIONS
SUPPLEMENTAL REPORTING DETAIL
SECOND QUARTER AND SIX MONTHS FISCAL YEAR 2017
ADDITIONAL PRODUCT LINE REPORTING
Quarter Ended December 31, % Six Months Ended December 31, %
$ in millions 2016 2015 Change 2016 2015 Change
Investor Communication Solutions ("ICS")
Equity proxy $31.6 $32.0 -1% $62.4 $61.0 2%
Mutual fund interims 44.2 43.0 3% 88.4 88.3 0%
Customer communications & fulfillment 188.9 76.3 148% 372.5 150.5 148%
Other ICS 69.6 67.2 4% 140.0 134.6 4%
Total ICS recurring fee revenues $334.3 $218.6 53% $663.4 $434.5 53%
Equity & other 14.4 23.3 -38% 32.0 39.7 -19%
Mutual fund interims 15.4 33.7 -54% 35.2 55.3 -36%
Total event driven revenues $29.8 $56.9 -48% $67.3 $94.9 -29%
Distribution 345.6 196.2 76% 702.3 372.0 89%
Total ICS revenues $709.6 $471.7 50% $1,432.9 $901.4 59%
Global Technology & Operations ("GTO")
Equities & other 166.5 149.4 11% 321.4 295.6 9%
Fixed income 35.3 30.9 14% 68.3 61.4 11%
Total GTO recurring fee revenues $201.8 $180.3 12% $389.6 $357.0 9%
Foreign currency exchange (18.8) (13.0) nm (34.6) (24.7) nm
Total revenues $892.6 $638.9 40% $1,787.9 $1,233.7 45%
Revenues by Type
Recurring fee revenues $536.1 $398.8 34% $1,053.0 $791.5 33%
Event driven revenues 29.8 56.9 -48% 67.3 94.9 -29%
Distribution revenues 345.6 196.2 76% 702.3 372.0 89%
Foreign currency exchange (18.8) (13.0) nm (34.6) (24.7) nm
Total revenues $892.6 $638.9 40% $1,787.9 $1,233.7 45%
Amounts may not sum due to rounding
BROADRIDGE FINANCIAL SOLUTIONS
SUPPLEMENTAL REPORTING DETAIL
SECOND QUARTER AND SIX MONTHS FISCAL YEAR 2017
RECURRING FEE REVENUE GROWTH DRIVERS
Quarter Ended December 31, 2016 Six Months Ended December 31, 2016
ICS GTO Broadridge ICS GTO Broadridge
Internal growth 0% 4% 2% 0% 2% 1%
Net new business 4% 4% 4% 4% 4% 4%
Organic recurring fee revenue growth 4% 9% 6% 3% 7% 5%
Acquisitions 49% 3% 28% 49% 3% 28%
Total recurring fee revenue growth 53% 12% 34% 53% 9% 33%
Amounts may not sum due to rounding
BROADRIDGE FINANCIAL SOLUTIONS
SUPPLEMENTAL REPORTING DETAIL
SECOND QUARTER AND SIX MONTHS FISCAL YEAR 2017
SELECT OPERATING STATISTICS
Quarter Ended December 31, % Six Months Ended December 31, %
$ in millions 2016 2015 Change 2016 2015 Change
Closed Sales $55.7 $48.5 15% $77.3 $65.7 18%
Record Growth1
Equities proxy 4% 4% 2% 2%
Mutual fund interims 1% 4% 1% 5%
Internal Trade Growth2
Equity 11% -5% 4% 1%
Fixed income 3% -2% 0% 1%
1
2
who were on Broadridge's trading platforms in both the current and prior year period
periods.
Stock record growth and interim record growth measure the annual change in total positions for equity proxies and mutual fund
interims, respectively, for equities and mutual funds’ position data reported to Broadridge in both the current and prior year
Internal trade growth represents the growth in trade volumes for clients whose contracts are linked to trade volumes and