Broadridge Financial Solutions (BR) AGM 2024 summary

Opening remarks and agenda

• Welcomed attendees to the 2024 virtual annual meeting, highlighting the 16th consecutive virtual format and increased shareholder participation enabled by the platform.

• Introduced the board nominees, committee chairs, and representatives from the independent audit firm.

• Outlined the meeting agenda, including director elections, executive compensation advisory vote, and auditor ratification.

Financial performance review

• Fiscal year 2024 saw recurring revenue grow 6% to $2.4B and total revenue rise 7% to $6.5B.

• Adjusted EPS increased 10% to $7.73, with a record $342M in closed sales, up 39% year-over-year.

• Free cash flow conversion reached 102% for the year.

• First quarter fiscal 2025 results included 4% recurring revenue growth and 21% growth in closed sales.

• Fiscal 2025 recurring revenue growth guidance was raised to 6%-8% following a recent acquisition.

Board and executive committee updates

• Recognized the retirement of lead independent director Leslie Brun and welcomed Eileen Murray as the incoming lead independent director.

• Expressed appreciation for the board's guidance and the contributions of over 14,000 associates.