#1Scaling a Global Fintech Leader Fourth Quarter Fiscal Year 2022 Investor Presentation Broadridge®#2Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solutions, 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," "on track," and other words of similar meaning are forward-looking statements. In particular, information appearing in the "Fiscal Year 2022 Guidance" section and statements about our three-year objectives are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, "Item 1A. Risk Factors" of the Annual Report on Form 10-K for the year ended June 30, 2021 (the "2021 Annual Report"), as they may be updated in any future reports filed 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 2021 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, economic and geopolitical conditions and their impact on the securities markets; Broadridge's failure to keep pace with changes in technology and 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. Broadridge I Ready for Next © 2022 1#3Use of Non-GAAP financial measures, KPIs and foreign exchange rates Use of Non-GAAP Financial Measures This presentation includes certain Non-GAAP financial measures including Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share ("EPS"), and Free cash flow. Please see the "Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures" section of this presentation for more information on Broadridge's use of Non-GAAP measures and reconciliations to GAAP measures. Key Performance Indicators Management focuses on a variety of key indicators to plan, measure and evaluate the Company's business and financial performance. These performance indicators include Revenues and Recurring revenue, as well as Non-GAAP measures of Adjusted Operating income, Adjusted Net earnings, Adjusted EPS, Free cash flow, and Closed sales. In addition, management focuses on select operating metrics specific to Broadridge of Record Growth and Internal Trade Growth. Please refer to Item 7. Management's Discussion and Analysis of Financial Condition of the Company's Form 10-Q for a discussion of Revenues, Recurring revenue, Record Growth and Internal Trade Growth in the "Key Performance Indicators" section and the "Results of Operations" section for a description of Closed sales. Foreign Exchange Rates Beginning with the first quarter of fiscal year 2022, the Company revised the foreign exchange rates used to present segment revenues, Closed sales, and supplemental reporting, to further allocate the foreign exchange impact to the individual segment revenue metrics. The presentation of segment revenues and Closed sales for fiscal year 2020 and fiscal year 2021 provided has been changed to conform to the current period presentation. Total consolidated revenues and earnings before income taxes were not impacted. Note on Rounding Amounts presented in this presentation may not sum due to rounding. 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 your responsibility. Broadridge assumes no duty to update or revise the information contained in this presentation. Broadridge I Ready for Next © 2022 2#4O A clear path for long term growth 2014 Invest for Growth O 2017 Ready for Next 2020 A Global Fintech Leader Broadridge I Ready for Next 2021-2023 Scaling a Global Fintech Leader A global Fintech leader addressing a large and growing market Three franchise businesses executing on clear growth strategies grounded in long term trends Long track record delivering consistent growth and strong total shareholder returns © 2022 3#5Broadridge is a global Fintech leader Broadridge powers the critical infrastructure behind investing, governance, and communications Broadridge >2 BILLION Manage more than 2 billion critical mutual fund and equity proxy communications per year I Ready for Next $9 TRILLION Powering $9T per day in fixed income and equity trades © 2022 4#6................ We have a strong track record of delivering growth and value $M except for per share measures $2,452 $3.13 FY'17 $2.70 $2,612 $4.19 $3.56 $2,760 $4.66 FY'18 FY'19 FY'20 Recurring revenue -Adjusted EPS DILUTED EPS (GAAP) $4.06 Broadridge 1 Ready for Next $2,946 $5.03 $3.95 $3,228 $5.66 FY'21 $4.65 1. Information about our use of Non-GAAP measures and a reconciliation to closest GAAP measures may be found on slides 32-39 2. Annualized cumulative TSR per FactSet. Cumulative TSR formula assumes dividends are reinvested on the ex-date FY'2017 - FY'2021 CAGR 11% Recurring revenue 16% 1 Adjusted EPS (Non-GAAP) ¹ 23% Total Shareholder Return² © 2022 5#7Broadridge has a $52 billion and growing market opportunity $12B WEALTH $21B CAPITAL MARKETS $52B CURRENT OPPORTUNITY Broadridge I Ready for Next $19B GOVERNANCE Technology and operations spend by global banks is over $190 Billion © 2022 6#8Three strong growing franchises with $3.2 billion in Recurring revenue $3.2B FY'21 RECURRING REVENUE Broadridge I Ready for Next Governance $2.0B Recurring Revenue 7% Four-Year Average Growth Capital Markets $661M Recurring Revenue 8% Four-Year Average Growth Wealth & Investment Management $525M Recurring Revenue 13% Four-Year Average Growth © 2022 7#9Track record of delivering consistent growth and strong TSR Organic Recurring revenue growth¹ Recurring revenue growth Adj. Operating Income Margin expansion (bps/year) (Non-GAAP) ³ Adj. Earnings per share growth (Non-GAAP) Annualized Total Shareholder Return5 FY'14 - FY'17 FY'17- FY'20 (CAGR) (CAGR) 5% 7%² 53² 12% FY'14-FY'17 25% 5% 7% 80 12%4 FY'17-FY'20 21% 1. Average Organic Recurring revenue growth per year 2. Excluding the NACC acquisition 3. Information about the use of non-GAAP measures and a reconciliation to the closest GAAP figures may be found on slides 32-39 of this presentation 4. Excluding the impact of the U.S. Tax Act Cuts and Jobs Act (Tax Act). As reported and including the Tax Act impact, Adjusted EPS growth CAGR was 17% 5. Annualized cumulative TSR per FactSet. Cumulative TSR formula assumes dividends are reinvested on the ex-date 6. Comprises period from June 30, 2020 through April 30, 2022 Broadridge I Ready for Next Three-year Growth Objectives (CAGR) FY'20 - FY'23 5-7% 7-9% 50+ 8-12% Since FY'21 9% © 2022 8#10SEGMENT OVERVIEW Investor Communication Solutions Broadridge I Ready for Next © 2022 9#11******** ICS Strategy Extend our strong and growing Governance franchise Drive Next-Gen Regulatory Broadridge® Transform Omni-Channel Communications Grow End-to-End Issuer Solutions Broadridge I Ready for Next Build Data-Driven Fund Solutions A leader at the heart of a powerful governance network Recurring revenues of $2.0B and 4-year average annual growth rate of 7% Strong and consistent underlying growth trends. Complementary businesses built on deep relationships Track record of digital transformation © 2022 10#12Our network links investors, asset managers, and issuers across North America ISSUERS OF SECURITIES 9,000+ Corporate issuers 30,000+ Mutual funds and ETFs Broadridge I Ready for Next INTERMEDIARIES 1,000+ Banks and broker-dealers Broadridge U 200,000+ Financial advisors REGULATORY BODIES & TRADE ASSOCIATIONS SHAREHOLDERS 120,000+ Institutional shareholders r 170M+ Retail shareholder accounts © 2022 11#13********... Key volume drivers: position and trade volume growth INTERNAL TRADE GROWTH (ITG) ¹ 9% 1% 1% Equity 8% FY'12 10Y Avg. -MF/ETF 8% ITG 5% 11% 2% FY'13 EQUITY & MUTUAL FUND/ETF POSITION GROWTH (4)% 11% 8% 8% 8% 7% FY'14 FY'15 3% 4% 3% FY'16 2% 8% 4% FY'17 3% 11% 10% 9% 13% 6% FY'18 FY'19 6% 10% 2% 26% 9% 10% 21% FY'20 FY'21 FY'22 YTD 12% 15% (1)% 1. Represents the estimated change in daily trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge's trading platforms in both the current and prior year periods. Broadridge® I Ready for Next © 2022 12#14The importance of corporate governance continues to grow Technology is driving increased participation ETFs and diversification for retail investors 11 Broadridge - New technologies are lowering the cost of investing and bringing in new investors. ESG continues to grow in importance to investors Environmental, social and governance considerations are continuing to grow in importance to retail and institutional investors, powering more focus on proxy voting, engagement and ESG disclosures. Broadridge is Innovating Given its position at the intersection of issuers, funds, broker dealers and investors, Broadridge is investing to make it easier than ever to vote and drive down the cost of shareholder engagement. I Ready for Next ✓ ✓ Managed Accounts Zero commission trading Enhanced apps/digitization ✓ E&S resolutions rose 15% ✓ Support for E&S proposals grew to 40% ✓ Proposed SEC disclosure requirements ✓Enabling Pass-Through Voting End-to-End Vote Confirmation ✓ Enhanced VSMS ✓ Upgraded ProxyVote app © 2022 13#15ICS Segment Overview 7% Avg. Annual Growth 4% FY'18 7% FY'19 Broadridge I Ready for Next ICS FISCAL YEAR RECURRING REVENUES 6% FY'20 11% $2.0B FY'21 Regulatory Data-Driven Fund Solutions Issuer $1,839 Communications $783 $331 $156 Customer $568 FY'20 +11% $2,042 $940 $570 $344 $189 +21% FY'21 YoY Growth +20% © 2022 +4% 0% 14#16SEGMENT OVERVIEW Global Technology and Operations Broadridge I Ready for Next © 2022 15#17********* GTO Strategy: Grow Capital Markets franchise and continue building next-gen Wealth & Investment Management franchise GTO FISCAL YEAR RECURRING REVENUES 10% Avg. Annual Growth 4% 10% FY'18 FY'19 Broadridge I Ready for Next 18% FY'20 7% $1.2B FY'21 Capital Markets Wealth & Investment Management $1,107 $615 $492 FY'20 +7% $1,186 $661 $525 FY'21 YoY Growth +7% +7% © 2022 16#18Capital Markets Overview Enterprise & Data Solutions $9T LEADING GLOBAL SaaS PLATFORM Global Simplification Trading Innovation Network Value 8% Avg. Annual Growth 10% FY'18 4% FY'19 A global leader in post-trade processing for cash securities Continued growth driven by evolution of global banks Launching Al-powered fixed income trading platform Itiviti adds strength, scale, and attractive returns 1. In equity and fixed income trades processed on average per day Broadridge I Ready for Next 10% FY'20 7% $661M FY'21 © 2022 17#19Broadridge acquired Itiviti in 2021 for $2.6B, enhancing its position as a global tech leader across the trade life cycle Front-Office OEMS Connectivity Network Post Trade Middle-and Back-Office A modular, multi-asset offering that facilitates access to market liquidity, enables more effective market making, efficient post-trade processing, and a common front-to-back data architecture Broadridge 1 Ready for Next A component-based front-to- back offering aligns our offering with critical client needs for: Simplification Clients are looking to simplify their technology stack and operating models and reduce solution fragmentation Mutualization Market pressures are accelerating front office mutualization Front-to-back digitization Firms are looking to drive deeper integration and automation across the trade cycle, particularly in equities and ETDs, which is driving the next wave of technology investments Trading Innovation Firms who are looking to drive efficient liquidity, price discovery and improved execution © 2022 18#20**********... Wealth & Investment Management Overview Back Office Middle Office Front Office ----- --> BROADRIDGE WEALTH PLATFORM Broadridge I Ready for Next 13% Avg. Annual Growth 4% 10% FY'18 FY'19 29% FY'20 7% $525M FY'21 Leading provider of back-office capabilities Strong set of differentiated component solutions for front- and middle-office Launching the industry's only unified front-to-back technology platform Growing Integrated Investment Management Suite © 2022 19#21Broadridge Business Model Broadridge®#22The Broadridge financial model is focused on driving steady revenue growth and consistent earnings per share growth, generated by: $ Sustainable recurring revenue growth Broadridge I Ready for Next Investments in our long-term growth strategy Continued margin expansion from our scale and operational efficiencies Balanced capital allocation leveraging our strong free cash flow businesses © 2022 21#23************ We are maintaining closed sales momentum... $ in millions $228 FY'20 CLOSED SALES $232 Broadridge I Ready for Next FY'21 FY'22 Guidance $240- $280 FY'21 SALES BACKLOG $355 +8% $385 FY'20 FY'21 12% 12% % OF RECURRING REVENUE © 2022 22#24...while continuing to expand margin ADJUSTED OPERATING INCOME MARGIN (NON-GAAP) 75 bps annual FY'18-21 average Adjusted Operating Income margin expansion 15.9% +80 bps FY'18 13.8% 17.1% +120 bps FY'19 17.5% +40 bps FY'20 18.1% +60 bps FY'21 ~18.5% FY'22 Guidance OPERATING INCOME MARGIN (GAAP) 15.0% 13.8% 13.6% Note: Information about our use of Non-GAAP measures and a reconciliation to closest GAAP measures may be found on slides 32-39 Broadridge I Ready for Next Scale Natural OpEx leverage from a SaaS business Digital Margin expansion due to mix shift toward digital Efficiency Contributions from business reengineering and internal growth M&A Primarily weighted to early-stage businesses Investment Strategic investment aligned with client demand © 2022 23#25Capital allocation $ in millions, except per share data SELECT USES OF CASH YTD CapEx and Software 1 Client Platform Investments 2 M&A ³ 3 $54 $27 $350 Broadridge I Ready for Next DIVIDENDS PER SHARE YOY GROWTH 1. Includes Software purchases and capitalized internal use software. 2. Net investments on new client conversions, including development of platform capabilities. 3. Includes acquisitions and minority investments. $578 TOTAL CAPITAL RETURNS $1.94 33% FY'19 FY'20 FY'21 $269 $248 $162 $168 $2.16 $2.30 11% 6% 4 YTD'21 YTD'22 $1.73 6% $1.92 11% 4. Capital returns to shareholders through dividends and total share repurchases net of option proceeds. FY'22 annual dividend amount subject to Board declaration. © 2022 24#26Fiscal Year 2022 Guidance Recurring revenue growth Adjusted Operating income margin (Non-GAAP) Adjusted earnings per share growth (Non-GAAP) Closed sales 1. As of May 3, 2022. Updates refer to past periods. Broadridge I Ready for Next FY'22 Guidance ¹ High end of 12-15% ~18.5% 13-15% $240-$280M Updates / Change No change No change Increasing from 11-15% No change © 2022 25#27Scaling a Global Fintech Leader EARNINGS CONFERENCE CALL Third Quarter Fiscal Year 2022 Broadridge®#28................. Key messages 1 2 3 4 5 Broadridge delivered strong third quarter results, including 16% recurring revenue growth, double-digit Adjusted EPS growth, and strong sales Our growth continues to be powered by long-term trends and the continued successful integration of Itiviti The value of the services we provide has never been greater, especially in governance We are increasing our FY'22 Adjusted EPS Growth Guidance to 13-15%, up from 11-15% Broadridge is poised to deliver another strong year, including mid- teens recurring revenue growth, continued margin expansion and 13- 15% Adjusted EPS growth - driven by strong execution against our multi-year growth plan Broadridge I Ready for Next © 2022 27#29Summary financial results $ in millions, except per share data SUMMARY FINANCIAL RESULTS ¹ Recurring revenues Total revenues Operating income Adjusted Operating income (Non-GAAP) Adjusted Operating income margin (Non-GAAP) Diluted earnings per share Adjusted earnings per share (Non-GAAP) Closed sales 1. Information about our use of Non-GAAP measures may be found on slides 32-39 Broadridge 1 Ready for Next THIRD QUARTER 2022 2021 $1,012 $873 1,534 1,390 246 313 20.4% 239 284 20.4% $1.49 $1.40 $1.93 $1.76 $58 $43 Inc./(Dec.) 16% 10% 3% 10% 6% 10% 33% © 2022 28#30Appendix Broadridge®#31Supplemental Reporting Detail - Product Line Reporting 00.00 00. (Unaudited) DD Dollars in millions Investor Communication Solutions ("ICS") Regulatory Data-driven fund solutions Issuer Customer communications Total ICS recurring fee revenues Equity and other Mutual Funds Total Event-driven fee revenues Distribution Total ICS Revenues Global Technology and Operations ("GTO") Capital Markets Wealth and investment management Total GTO recurring fee revenues Foreign Currency Exchange Total Revenues Revenues by type Recurring fee revenues Event-driven fee revenues Distribution revenues Foreign currency exchange Total Revenues 2020 FY $783 331 156 568 1,839 78 98 176 1,446 $3,461 $615 492 1,107 (39) $4,529 Q1 Q2 $135 $145 79 86 18 138 369 18 27 45 331 $746 2021 Q3 Q4 FY Q1 $285 $375 $940 86 93 344 21 44 106 189 136 162 134 570 387 577 709 2,042 21 40 45 123 24 33 28 112 45 73 72 235 344 427 1,549 447 $776 $1,097 $1,208 $3,827 $165 83 21 141 410 28 49 76 367 $854 2022 Q2 Q3 $166 $322 89 91 24 46 148 172 427 630 25 25 40 34 65 59 401 472 $893 $1,161 $156 $158 $159 $188 $661 $209 124 127 137 136 525 131 280 285 296 324 1,186 341 (9) (6) (3) (1) (1) (4) (19) $1,532 $4,994 $1,193 $1,260 $1,017 $1,055 $1,390 $224 $247 146 134 371 381 (9) $1,534 $2,946 $650 $673 $873 $1,033 $3,228 $751 $798 $1,012 176 45 45 73 72 235 76 65 59 1,446 331 344 447 427 1,549 367 401 472 (39) (9) (6) (3) (1) (19) (1) (4) (9) $4,529 $1,017 $1,055 $1,390 $1,532 $4,994 $1,193 $1,260 $1,534 Q3% Growth In the second quarter of fiscal year 2021, the Company changed its presentation of disaggregated revenue by product line disclosures to reflect internal realignment of the Company's revenue reporting, specifically as it relates to Recurring fee revenues. Presentation of disaggregated revenue by product line disclosures in prior periods have been changed to conform to the current period presentation. Broadridge 1 Ready for Next 13% 6% 5% 6% 9% (37)% 2% (20)% 6% 6% 56% (2)% 29% 168% 10% 16% (20)% 6% 168% 10% Confidential and Proprietary | © 2022 30#32Explanation of Non-GAAP measures and Reconciliation of GAAP to Non-GAAP measures Broadridge®#33Non-GAAP measures Explanation and Reconciliation of the Company's Use 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. Management 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. Reconciliations of 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. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings, and Adjusted Earnings Per Share These Non-GAAP measures reflect Operating income, Operating income margin, Net earnings, and Diluted earnings per share, each as adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items: (i) Amortization of Acquired Intangibles and Purchased Intellectual Property, (ii) Acquisition and Integration Costs, (iii) IBM Private Cloud Charges, (iv) Real Estate Realignment and Covid-19 Related Expenses, (v) Investment Gains, (vi) Software Charge, (vii) Gain/loss on Acquisition-Related Financial Instrument, (viii) the Gain on Sale of a Joint Venture Investment, (ix) the Gain on Sale of Securities, (x) U.S. Tax Cuts and Jobs Act ("Tax Act") items and (xi) the Message Automation Limited ("MAL") investment gain. Amortization of Acquired Intangibles and Purchased Intellectual Property represents non-cash amortization expenses associated with the Company's acquisition activities. Acquisition and Integration Costs represent certain transaction and integration costs associated with the Company's acquisition activities. IBM Private Cloud Charges represent a charge on the hardware assets to be transferred to IBM and other charges related to the IBM Private Cloud Agreement. Real Estate Realignment and Covid-19 Related Expenses represents certain costs associated with the Company's real estate realignment initiative, including lease exit and impairment charges and other facility exit costs, as well as expenses associated with the Covid-19 pandemic. Investment Gains represent non-operating, non-cash gains/losses on privately held investments. Software Charge represents a charge related to an internal use software product that is no longer expected to be used. Gain on Acquisition-Related Financial Instrument represents a non-operating gain/loss on a financial instrument designed to minimize the Company's foreign exchange risk associated with the Itiviti acquisition, as well as certain other non-operating financing costs associated with the Itiviti acquisition. The Gain on Sale of a Joint Venture Investment represents a non-operating, cash gain on the sale of one of the Company's joint venture investments. The Gain on Sale of Securities represents a non-operating gain on the sale of securities associated with the Company's retirement plan obligations. Tax Act items represent the net impact of a U.S. federal transition tax on earnings of certain foreign subsidiaries, foreign jurisdiction withholding taxes and certain benefits related to the remeasurement of the Company's net U.S. federal and state deferred tax liabilities attributable to the Tax Act. The MAL investment gain represents a non-cash, nontaxable gain on investment from the Company's acquisition of MAL in March 2017. Broadridge I Ready for Next © 2022 32#34Non-GAAP measures We exclude Acquisition and Integration Costs, IBM Private Cloud Charges, Real Estate Realignment and Covid-19 Related Expenses, Investment Gains, 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. Free Cash Flow 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. 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. Broadridge I Ready for Next © 2022 33#3520 00.00 0.0. 2008 D a Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Dollars in millions Operating Income (GAAP) Adjustments: Amortization of acquired intangibles and purchased intellectual property Acquisition and integration costs IBM private cloud charges Real estate realignment and Covid-19 related expenses Software charge Adjusted operating income (Non-GAAP) Operating income margin (GAAP) Adjusted operating income margin (Non-GAAP) Note: Amounts may not sum due to rounding. Broadridge I Ready for Next 2021 $678.7 153.7 18.1 Year ended June 30, 2020 2019 2018 2017 2016 2015 2014 $624.9 $652.7 $598.1 $534.0 $502.3 $468.5 $418.3 122.9 87.4 12.5 6.4 32.0 2.4 81.4 8.8 72.6 19.1 31.8 25.3 5.0 5.0 I 45.3 6.0 $901.8 $794.8 $746.5 $688.2 $625.7 $539.2 $498.8 $442.9 13.8% 15.0% 13.8% 12.9% 17.3% 17.4% 16.4% 17.5% 17.1% 15.9% 15.1% 18.6% 18.5% 17.3% 13.6% 18.1% I 22.6 2.1 Confidential and Proprietary T © 2022 34#3600 D 00.00 0.0. Co G 0 Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Dollars in millions, except per share amounts Diluted earnings per share (GAAP) Adjustments: Amortization of acquired intangibles and purchased intellectual property Acquisition and integration costs IBM private cloud charges Real estate realignment and Covid-19 related expenses Software charge Investment gain Gain on acquisition-related financial instrument Gain on sale of a joint venture investment Gain on sale of securities Taxable Adjustments Tax Act items MAL investment gain Tax impact of adjustments (a) Adjusted earnings per share (Non-GAAP) Broadridge 2021 $4.65 $3.95 Ready for Next 1.30 0.15 0.38 0.05 (0.07) (0.53) ||N 2020 2019 $4.06 1.29 1.05 0.11 0.27 0.02 (0.06) 0.74 0.05 |||||| 1.40 0.79 Year ended June 30, 2018 2017 2016 $3.56 0.68 0.07 ||||| 2015 $2.70 $2.53 $2.32 0.60 0.16 ||||| (0.05) 0.70 0.76 0.13 0.26 0.04 ||||||| 0.30 0.20 0.04 ||||||| 0.24 (0.08) (0.28) (0.32) (0.19) (0.20) (0.26) (0.10) (0.08) $5.66 $5.03 $4.66 $4.19 $3.13 $2.73 $2.47 - 2014 $2.12 Confidential and Proprietary 0.18 0.02 T ||||| (a) Calculated using the GAAP effective tax rate, adjusted to exclude $16.9 million, $15.6 million, $19.3 million, $40.9 million of excess tax benefits associated with stock-based compensation for the fiscal years June 30, 2021, 2020, 2019 and 2018 respectively. For fiscal year 2021, the tax impact of adjustments also excludes approximately $10.6 million of Acquisition and Integration Costs, which are not tax-deductible. For fiscal year 2018, the GAAP effective tax rate was also adjusted to exclude the net $15.4 million charges associated with the Tax Act. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis. Note: Amounts may not sum due to rounding. 0.20 (0.07) $2.25 © 2022 35#37C D 00.00 (Unaudited) 0.0. 0 Reconciliation of GAAP to Non-GAAP Measures 3 Months Ended Mar. 31 2022 2021 $246.0 $239.2 D Dollars in millions Operating income (GAAP) Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property Acquisition and Integration Costs Real Estate Realignment and Covid-19 Related Expenses (a) Software Charge Adjusted Operating income (Non-GAAP) Operating income margin (GAAP) Adjusted Operating income margin (Non-GAAP) Dollars in millions Net earnings (GAAP) Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property Acquisition and Integration Costs Real Estate Realignment and Covid-19 Related Expenses (a) Investment Gains Software Charge Loss on Acquisition-Related Financial Instrument Subtotal of adjustments Taxable impact of adjustments (b) Adjusted Net earnings (Non-GAAP) 60.8 3.1 3.3 $313.3 16.0% 20.4% 2022 $176.6 60.8 3.1 3.3 - 31.9 9.2 3.3 67.2 (15.4) $228.4 $283.6 17.2% 20.4% 3 Months Ended Mar. 31 9 Months Ended Mar. 31 2021 2022 2021 $165.0 $291.0 $287.1 31.9 9.2 3.3 9 Months Ended Mar. 31 2022 2021 $397.3 $418.2 9.6 54.0 (10.9) $208.1 192.0 13.8 6.8 $630.8 10.5% 15.8% 192.0 13.8 6.8 (7.5) 96.8 11.6 41.1 6.0 $552.7 11.5% 16.0% 205.1 (44.1) $452.0 96.8 11.6 41.1 (8.7) 6.0 9.6 156.3 (35.0) $408.4 (a) Real Estate Realignment Expenses were $0.7 million and $1.2 million for the three months ended March 31, 2022 and 2021, respectively, and $0.5 million and $33.0 million for the nine months ended March 31, 2022 and 2021, respectively. Covid-19 Related Expenses were $2.6 million and $2.1 million for the three months ended March 31, 2022 and 2021, respectively, and $6.3 million and $8.1 million for the nine months ended March 31, 2022 and 2021, respectively. (b) Calculated using the GAAP effective tax rate, adjusted to exclude $2.2 million and $13.6 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2022, respectively, and $1.7 million and $14.6 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2021, respectively. The tax impact of adjustments also excludes approximately $8.5 million of Acquisition and Integration Costs for the three and nine months ended March 31, 2021, which are not tax-deductible. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis. Broadridge I Ready for Next Confidential and Proprietary © 2022 36#380. C 00.00 DO D Reconciliation of GAAP to Non-GAAP Measures 3 Months Ended Mar. 31 2022 2021 $1.49 $1.40 (Unaudited) Dollars in millions, except per share amounts Diluted earnings per share (GAAP) Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property Acquisition and Integration Costs Real Estate Realignment and Covid-19 Related Expenses (a) Investment Gains Software Charge Loss on Acquisition-Related Financial Instrument Subtotal of adjustments Taxable impact of adjustments (b) Adjusted earnings per share (Non-GAAP) 0.51 0.03 0.03 Dollars in millions Net cash flows provided by (used in) operating activities (GAAP) Capital expenditures and Software purchases and capitalized internal use software Proceeds from asset sales Free cash flow (Non-GAAP) Broadridge - 0.57 (0.13) $1.93 Ready for Next 0.27 0.08 0.03 - 0.08 0.46 (0.09) $1.76 9 Months Ended Mar. 31 2022 2021 $2.46 $2.44 1.62 0.12 0.06 (0.06) - 9 Months Ended Mar. 31 2022 2021 $(13.9) $189.5 (54.4) (71.2) 18.0 $(68.4) $136.3 (a) Real Estate Realignment Expenses impacted Adjusted earnings per share by $0.01 and $0.01 for the three months ended March 31, 2022 and 2021, respectively, and less than $0.01 and $0.28 for the nine months ended March 31, 2022 and 2021, respectively. Covid-19 Related Expenses impacted Adjusted earnings per share by $0.02 and $0.02 for the three months ended March 31, 2022 and 2021, respectively, and $0.05 and $0.07 for the nine months ended March 31, 2022 and 2021, respectively. 1.73 (0.37) $3.81 (b) Calculated using the GAAP effective tax rate, adjusted to exclude $2.2 million and $13.6 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2022, respectively, and $1.7 million and $14.6 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2021, respectively. The tax impact of adjustments also excludes approximately $8.5 million of Acquisition and Integration Costs for the three and nine months ended March 31, 2021, which are not tax- deductible. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis. 0.82 0.10 0.35 (0.07) 0.05 0.08 1.33 (0.30) $3.47 Confidential and Proprietary © 2022 37#390. 0.0 00.00 2080 0 O Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Dollars in millions Operating income (GAAP) Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property Acquisition and Integration Costs IBM Private Cloud Charges Real Estate Realignment and Covid-19 Related Expenses (a) Software Charge Adjusted operating income (Non-GAAP) Operating income margin (GAAP) Adjusted Operating income margin (Non-GAAP) Year ended June 30, 2020 $624.9 Broadridge I Ready for Next 2021 $678.7 153.7 18.1 45.3 6.0 $901.8 13.6% 18.1% 122.9 12.5 32.0 2.4 $794.8 13.8% 17.5% 2019 $652.7 87.4 6.4 - Confidential and Proprietary - $746.5 15.0% 17.1% (a) Real Estate Realignment Expenses were $29.6 million for the year ended June 30, 2021. Covid-19 Related Expenses were $15.7 million and $2.4 million for the year ended June 30, 2021 and 2020, respectively. © 2022 38#4000.00 0 6 120 Reconciliation of Non-GAAP to GAAP measures: Fiscal Year 2022 guidance (Unaudited) Adjusted Earnings Per Share Growth Rate (a) Diluted earnings per share - GAAP Adjusted earnings per share - Non-GAAP Adjusted Operating Income Margin (b) Operating income margin % - GAAP Adjusted Operating income margin % - Non-GAAP Fiscal Year, 2022 Broadridge (2) - 2% growth 13-15% growth (a) Adjusted earnings per share growth (Non-GAAP) is adjusted to exclude the projected impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Real Estate Realignment and Covid-19 Related Expenses, and Investment Gains, and is calculated using diluted shares outstanding. Fiscal year 2022 Non-GAAP Adjusted earnings per share guidance estimates exclude, net of taxes, approximately $1.80 per share. Ready for Next (b) Adjusted Operating income margin (Non-GAAP) is adjusted to exclude the projected impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, and Real Estate Realignment and Covid-19 Related Expenses. Fiscal year 2022 Non-GAAP Adjusted Operating income margin guidance estimates excludes approximately $280 million. ~13.5% ~18.5% Confidential and Proprietary © 2022 39#41Broadridge Investor Relations Contacts W. Edings Thibault [email protected] Sean Silva [email protected] Broadridge®