Broadridge Financial Solutions (BR) AGM 2024 summary

Opening remarks and agenda

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

• Introduced the board of directors, committee chairs, executive team, and independent auditor representatives in attendance.

• Outlined the agenda: election of directors, advisory vote on executive compensation, and ratification of the independent auditor.

Financial performance review

• Fiscal year 2024 recurring revenue grew 6% to $2.4B, total revenue up 7% to $6.5B, and adjusted EPS rose 10% to $7.73.

• Achieved a record $342M in closed sales, a 39% increase over the prior year, and free cash flow conversion of 102%.

• First quarter fiscal 2025 saw 4% recurring revenue growth, $1 adjusted EPS, and 21% growth in closed sales.

• Raised FY2025 recurring revenue growth guidance to 6%-8% following the SIS acquisition.

Board and executive committee updates

• Recognized Leslie Brun, retiring lead independent director, for his years of service and leadership.

• Eileen Murray to become the new lead independent director.