Broadridge Financial : First Quarter Fiscal Year 2021 Earnings

Earnings Webcast and Conference Call

First Quarter Fiscal Year 2021

OCTOBER 30, 2020

Forward-Looking Statements

This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solu tions, Inc. ("Broadridge" or the "Company") 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 such as "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 2021 Guidance" section are forward-looking statements.

These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may c ause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1 A. Risk Factors" of the Annual Report on Form 10-K for the year ended June 30, 2020 (the "2020 Annual Report"), as they may be updated in any future reports fi led 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 2020 Annual Report.

These risks include:

• the potential impact and effects of the Covid-19 pandemic ("Covid-19") on the business of Broadridge, Broadridge's results of operations and financial performance, any measures Broadridge has and may take in response to Covid-19 and any expectations Broadridge may have with respect thereto;
• 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 services with favorable pricing terms;
• a material security breach or cybersecurity attack affecting the information of Broadridge's clients;
• changes in laws and regulations affecting Broadridge's clients or the services provided by Broadridge;
• declines in participation and activity in the securities markets;
• the failure of Broadridge's key service providers to provide the anticipated levels of service;
• a disaster or other significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services;
• overall market and economic conditions and their impact on the securities markets;
• Broadridge's failure to keep pace with changes in technology andthe 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.

Use of Material Contained Herein

The information contained in this presentation is 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 y our responsibility. Broadridge assumes no duty to update or revise the information contained in this presentation.

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Use of Non-GAAP Financial Measures

Explanation and Reconciliation of the Company'sUse of Non-GAAP Financial Measures

The Company's results in this presentation are presented in accordance with U.S. generally accepted accounting principles ("GAAP") except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures

("Non-GAAP"). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, and Free cash flow. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the

Company's reported results.

The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company's business performance. Management believes that Non-GAAP measures provide consistency in its financial reporting and facilitates investors' understanding of the Company's operating results and trends by providing an additional basis for comparison. Manag ement uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company's

Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation.

Key Performance Indicators

Management focuses on a variety of key indicators to plan, measure and evaluate the Company's business and financial performa nce. These

performance indicators include Revenue and Recurring fee revenue, as well as Non-GAAP measures of Adjusted Operating income, Adjusted Net earnings, Adjusted Diluted earnings per share, Free Cash flow, and Closed sales. In addition, management focuses on select operating metrics specific to Broadridge of Record Growth and Internal Trade Growth.

For more information on our key performance measures, see "Management's Discussion and Analysis of Financial Condition and Results of Operations--Key Performance Indicators" in our Q1 FY2021 Form 10-Q.

Please see slides 14-18 for further explanation of our Non-GAAP Measures, the reasons we believe these Non-GAAP measures are helpful to our

investors, and reconciliations of these Non-GAAP measures to the most directly comparable GAAP measures.

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Strong First Quarter Fiscal Year 2021 Results

• Strong First Quarter Revenue Growth
• • 8% recurring revenue growth and total revenue growth of 7%
  • Event-drivenrevenues returned to normalized level
  • Recurring revenue growth driven by onboarding of new sales, stock and interim record growth and higher year-over-year equity trading volumes
• Record earnings underline impact of continued growth and cost discipline
• • Diluted EPS rose 17% and Adjusted EPS rose 44% to a first quarter record
  • Cost realignment initiatives contributed to 390bps of Adjusted Operating income margin improvement in the quarter and will fund additional investments
• Momentum in Closed sales underlines sustained strong demand
• Updating full year earnings guidance to reflect increased confidence
• • Fiscal year Adjusted EPS growth guidance narrowed to 6-10%
  • Recurring revenue outlook now at 3-6% growth
  • Tough comparables remain for the second half of fiscal year 2021

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