{ "docId": "019de071-ba13-72db-acf3-2e1412162eb3", "docSlug": "2a4600faa11a8193bf9bf6b78d6c84e3", "documentTitle": "Broadridge Financial Solutions | Results Presentation Deck | 27 slides", "authorId": "broadridge-financial-solutions", "authorName": "Broadridge", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2021-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 22, "pageCount": 27, "prevPage": 21, "nextPage": 23, "slideType": "appendix_disclosure", "function": "other", "density": "overcrowded", "nDataPoints": 0, "notes": "Standard financial disclosure slide explaining adjustments to GAAP metrics.", "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de071-ba13-72db-acf3-2e1412162eb3/22", "deckHref": "/decks/019de071-ba13-72db-acf3-2e1412162eb3", "deckJsonHref": "/decks/019de071-ba13-72db-acf3-2e1412162eb3.json", "deckAnchorHref": "/decks/019de071-ba13-72db-acf3-2e1412162eb3#slide-22", "components": [ { "bbox": { "h": 0.15, "w": 0.88, "x": 0.06, "y": 0.51 }, "kind": "paragraph", "text": "In addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as Net cash flows provided by operating activities plus Proceeds from asset sales, less Capital expenditures as well as Software purchases and capitalized internal use software.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3fdf7fd4-7bcf-4d41-ae08-71fc117236aa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.88, "x": 0.06, "y": 0.67 }, "kind": "paragraph", "text": "Reconciliations of such Non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP can be found in the tables that are part of this presentation.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "47ca8b47-5b87-4b4c-8e09-1c8286080416", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.88, "x": 0.06, "y": 0.19 }, "kind": "paragraph", "text": "We exclude Acquisition and Integration Costs, IBM Private Cloud Charges, Real Estate Realignment and Covid-19 Related Expenses, the Investment Gain, and the Software Charge, from our Adjusted Operating Income (as applicable), as well as other adjusted earnings measures, because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance. We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company's capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "502c04dd-8583-4f4f-b383-1b0866c493ec", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.88, "x": 0.06, "y": 0.13 }, "kind": "paragraph", "text": "Adjusted EBITDA reflects Net earnings before interest, taxes, other non-operating (income)/expenses net, depreciation, amortization, Acquisition and Integration Costs, Real Estate Realignment and Covid-19 Related Expenses and Software Charge.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "51a6e4fa-fc13-4c84-875c-6a05445f3314", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.3, "x": 0.06, "y": 0.07 }, "kind": "title", "text": "Non-GAAP measures", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "da96a980-3c7e-4fbe-9f1f-a81c95821a98", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.15, "x": 0.06, "y": 0.48 }, "kind": "title", "text": "Free Cash Flow", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a029a9e4-f0b5-4bec-a1f8-3a71f50a35da", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 27, "from": 17, "beatId": "6b5cba77-c9bd-4b46-9941-b196dbfb7991", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Future Outlook", "beatSlug": "sparkline-new-bliss", "evidence": "Slides 17-27 provide guidance and outlook for Fiscal Year 2022.", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 27, "from": 17, "name": "Quick Win Big Bet", "slug": "47-quick-win-big-bet", "bestFor": "Transformation planning, 100-day plans, resource allocation", "matchId": "909a0e56-4aca-4cf0-b511-62669ed4987b", "evidence": "Slides 17-27 present Fiscal Year 2022 guidance as a significant opportunity.", "position": 1, "objective": "Presenting guidance as a quick win and big bet for the future", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "confidence": 0.6, "description": "Separate initiatives into immediate wins and longer-term strategic bets" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }