Broadridge Financial Solutions Inc at Wolfe Research FinTech Forum Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : But including the interim period, you've now been in the seat for, I think, just over nine months. And maybe you can reflect on your time in the role so far, talk about what you've learned and maybe what you're most excited about going forward?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Okay. Very helpful. And I know it's been a while since you guys reported 2Q results in January. But if we go back to that time, you reaffirmed the guidance for the fiscal year 2025. So maybe can you remind us of the trends that had played out during the quarter, maybe what was better or softer than expected and the maintenance options underpinning your guidance for the remainder of the fiscal year?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. And I know we're halfway through the fiscal year here, and just wondering if you can talk about maybe the strategic priorities for Broadridge as we sort of look through the last couple of quarters of fiscal 2025?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. And yeah, those themes are a great lead into sort of the next sort of group of questions here. And maybe we can touch on those key themes, starting off on sort of the democratization of investing. Can you talk about just how Broadridge stands to benefit from this trend? How revenue in the regulatory business is influenced by factors such as position growth? I know we touched on it a little bit in the previous questions, but maybe if we can dig a little bit deeper?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. And then you mentioned digitization there. So I'd love to kind of touch on that topic a little bit more, and how you guys are positioning yourselves to capitalize on this trend and theme and movement towards digitization of investing?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. So before we get to capital markets and wealth, just wanted to go back to the event-driven side of the business. And you mentioned during the second quarter, you recognized a pretty material event-driven revenues off of a mutual fund event. So can you just remind investors how we should be thinking about the event-driven revenues for remainder of the year and just given the potential for lumpiness from

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. That's very helpful. And I guess if we move over to sort of the GTO side of the business, I was wondering if you can maybe just talk about the growth story there. And what are the key secular drivers for that business? And you look across your solution suite, you have front, middle, back office and is there sort of the big growth opportunity to increase your share of wallet with customers by turning them really from that front to back customer? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 11, 2025 / 5:40PM, BR.N - Broadridge Financial Solutions Inc at Wolfe Research FinTech Forum

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Yeah. It's very interesting. And earlier, you had mentioned the generation of wealth transfer. And I think that's one of the reasons why we're excited about the wealth management space and what Broadridge can do there. And so I was wondering if you can talk about just the solutions that wealth managers are demanding right now, and how you're poised to deliver for them? And also, what inning do you think we're in, in terms of this generational wealth transfer and continuing to penetrate further into the wealth management space?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. Yeah. And then just as a follow-up, you talked about the Kyndryl acquisition and how that can help grow your presence in the Canadian wealth market. So just wondering if you can share a little bit just about the rationale of the deal, and how the asset is performing in the early days of your ownership?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. And then if we move on to capital allocation, I mean, Broadridge generates pretty strong amount of free cash flow. Wondering if you can talk about how you think about allocating those dollars between M&A, buybacks, and dividend as well?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got it. And then you touched on the medium-term targets earlier in sort of these three-year cycles. And maybe you can just help us sort of understand the building blocks of that guidance a little bit more, and your confidence in hitting those targets over this next three-year period that ends in fiscal 2026? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 11, 2025 / 5:40PM, BR.N - Broadridge Financial Solutions Inc at Wolfe Research FinTech Forum

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. It looks like we have a little bit of time. And maybe before we go to the audience, maybe just to ask one more question. I mean if we're here again 12 months from now in March of 2026, and we're looking back on the past year, what would you kind of say and point to that would constitute a good year for Broadridge?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Got you. I guess we can take a question or two from the audience. Unidentified_1 You talked about earlier about your unique data set that you have and using AI to kind of develop new products in relation to that. Could you just expand on what sort of products you're thinking of?

Question: Scott Wurtzel - Wolfe Research LLC - Analyst : Right. I think we'll call it there. Well, Ashima, thank you for joining us. Thank you again.