EX-99.3 4 ex993earningssupplement3.htm EXHIBIT 99.3 ex993earningssupplement3
BROADRIDGE FINANCIAL SOLUTIONS EXHIBIT 99.3 SUPPLEMENTAL REPORTING DETAIL THIRD QUARTER AND NINE MONTHS FISCAL YEAR 2018 ADDITIONAL PRODUCT LINE REPORTING Quarter Ended March 31, $ % Nine Months Ended March 31, $ % $ in millions 2018 2017 Change Change 2018 2017 Change Change Investor Communication Solutions ("ICS") Equity proxy $ 45.1 $ 44.2 $ 0.9 2 % $ 108.7 $ 106.6 $ 2.1 2 % Mutual fund & ETF interims 67.0 59.9 7.0 12 % 163.1 148.3 14.8 10 % Customer communications & fulfillment 210.7 203.8 6.9 3 % 579.6 576.3 3.2 1 % Other ICS 80.7 75.6 5.1 7 % 219.4 205.1 14.3 7 % Total ICS recurring fee revenues $ 403.5 $ 383.5 $ 20.0 5 % $ 1,070.8 $ 1,036.3 $ 34.5 3 % Equity & other 39.9 18.0 22.0 122 % 99.5 50.0 49.5 99 % Mutual funds 26.6 43.0 (16.4) (38)% 123.6 78.2 45.4 58 % Total event driven revenues $ 66.5 $ 60.9 $ 5.6 9 % $ 223.1 $ 128.2 $ 94.9 74 % Distribution 385.4 376.0 9.3 2 % 1,090.0 1,078.3 11.7 1 % Total ICS revenues $ 855.3 $ 820.5 $ 34.9 4 % $ 2,384.0 $ 2,242.9 $ 141.1 6 % Global Technology & Operations ("GTO") Equities & other 195.9 173.4 22.5 13 % 564.3 505.3 58.9 12 % Fixed income 39.3 35.2 4.2 12 % 113.8 103.4 10.4 10 % Total GTO recurring fee revenues $ 235.2 $ 208.6 $ 26.6 13 % $ 678.1 $ 608.8 $ 69.3 11 % Foreign currency exchange (18.6) (20.1) 1.5 (7)% (52.5) (54.8) 2.2 (4)% Total revenues $ 1,071.9 $ 1,008.9 $ 63.0 6 % $ 3,009.5 $ 2,796.8 $ 212.6 8 % ` Revenues by Type Recurring fee revenues $ 638.6 $ 592.0 46.6 8 % $ 1,748.9 $ 1,645.1 103.8 6 % Event driven revenues 66.5 60.9 5.6 9 % 223.1 128.2 94.9 74 % Distribution revenues 385.4 376.0 9.3 2 % 1,090.0 1,078.3 11.7 1 % Foreign currency exchange (18.6) (20.1) 1.5 (7)% (52.5) (54.8) 2.2 (4)% Total revenues $ 1,071.9 $ 1,008.9 $ 63.0 6 % $ 3,009.5 $ 2,796.8 $ 212.6 8 % Amounts may not sum due to rounding


 
BROADRIDGE FINANCIAL SOLUTIONS SUPPLEMENTAL REPORTING DETAIL THIRD QUARTER AND NINE MONTHS FISCAL YEAR 2018 RECURRING FEE REVENUE GROWTH DRIVERS Quarter Ended March 31, Nine Months Ended March 31, ICS GTO Broadridge ICS GTO Broadridge Internal growth 2% 7% 4% 1% 4% 2% Net new business 2% 4% 3% 2% 5% 3% Organic recurring fee revenue growth 4% 12% 7% 3% 9% 5% Acquisitions 1% 1% 1% 1% 2% 1% Total recurring fee revenue growth 5% 13% 8% 3% 11% 6% Amounts may not sum due to rounding


 
BROADRIDGE FINANCIAL SOLUTIONS SUPPLEMENTAL REPORTING DETAIL THIRD QUARTER AND NINE MONTHS FISCAL YEAR 2018 SELECT OPERATING STATISTICS Quarter Ended March 31, $ % Nine Months Ended March 31, $ % $ in millions 2018 2017 Change Change 2018 2017 Change Change Closed Sales $38.2 $47.6 $(9.4) (20)% $99.8 $125.0 $(25.2) (20)% Record Growth 1 Equities proxy 11% 6% 10% 3% Mutual fund interims 8% 5% 10% 3% 32,378% Internal Trade Growth 2 Equity 28% 3% 15% 4% Fixed income (9)% 1% 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 SUPPLEMENTAL REPORTING DETAIL THIRD QUARTER AND NINE MONTHS FISCAL YEAR 2018 ADDITIONAL PRODUCT LINE REPORTING $ in millions Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Investor Communication Solutions ("ICS") Equity proxy $ 30.8 $ 31.6 $ 44.2 $ 275.4 $ 30.0 $ 33.6 $ 45.1 Mutual fund & ETF interims $ 44.2 $ 44.2 59.9 49.9 $ 49.2 $ 46.9 $ 67.0 Customer communications & fulfillment $ 183.7 $ 188.9 203.8 187.2 $ 181.5 $ 187.3 $ 210.7 Other ICS 65.0 64.4 75.6 77.0 72.2 66.5 80.7 Total ICS recurring fee revenues $ 323.8 $ 329.1 $ 383.5 $ 589.4 $ 332.9 $ 334.4 $ 403.5 Equity & other $ 17.7 $ 14.4 18.0 36.4 $ 30.8 $ 28.8 $ 39.9 Mutual funds 19.8 15.4 43.0 54.3 28.5 68.6 26.6 Total event driven revenues $ 37.5 $ 29.8 $ 60.9 $ 90.7 $ 59.3 $ 97.3 $ 66.5 Distribution 356.7 345.6 376.0 475.6 334.2 370.4 385.4 Total ICS revenues $ 718.0 $ 704.4 $ 820.5 $ 1,155.7 $ 726.4 $ 802.2 $ 855.3 Global Technology & Operations ("GTO") Equities & other 160.2 171.8 173.4 180.9 179.0 189.4 195.9 Fixed income 33.0 35.3 35.2 35.8 35.9 38.5 39.3 Total GTO recurring fee revenues $ 193.2 $ 207.0 $ 208.6 $ 216.7 $ 214.9 $ 228.0 $ 235.2 Foreign currency exchange (15.9) (18.8) (20.1) (26.7) (16.5) (17.4) (18.6) Total revenues $ 895.3 $ 892.6 $ 1,008.9 $ 1,345.7 $ 924.8 $ 1,012.8 $ 1,071.9 Revenues by Type Recurring fee revenues $ 516.9 $ 536.1 $ 592.0 $ 806.1 $ 547.8 $ 562.4 $ 638.6 Event driven revenues 37.5 29.8 60.9 90.7 59.3 97.3 66.5 Distribution revenues 356.7 345.6 376.0 475.6 334.2 370.4 385.4 Foreign currency exchange (15.9) (18.8) (20.1) (26.7) (16.5) (17.4) (18.6) Total revenues $ 895.3 $ 892.6 $ 1,008.9 $ 1,345.7 $ 924.8 $ 1,012.8 $ 1,071.9 Amounts may not sum due to rounding