Good morning, and welcome to the Broadridge 4th quarter and fiscal year 2022 earnings conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I'd now like to turn the conference over to Edings Thibault, Head of Investor Relations. Please go ahead. Thank you. Good morning and welcome to Broadridge's 4th quarter fiscal year 2022 earnings call. Our earnings release and the slides that accompany this call may be found on the investor relations section of broadridge.com. Joining me on the call this morning are Tim Gokey, our CEO, and our CFO, Edmund Reese. Before I turn the call over to Tim, a few standard reminders. We will be making forward-looking statements on today's call regarding Broadridge that involve risks. A summary of these risks can be found on the second page of the slides, and a more complete description on our annual report on Form 10-K. We'll also be referring to several non-GAAP measures, which we believe provide investors with a more complete understanding of Broadridge's underlying operating results. An explanation of these non-GAAP measures and reconciliation to their comparable GAAP measures can be found in the earnings release and presentation. Let me now turn the call over to Tim Gokey. Tim. Thank you, Edings, and good morning to everyone joining us. I'm pleased to update you on Broadridge's strong 4th quarter and full year performance for fiscal 2022, as well as our positive outlook for fiscal 2023. This performance is driven by strong execution, positive underlying trends, and our acquisition of Itiviti, which exceeded our expectations in year 1. We expect this strong performance to continue into fiscal 2023 and beyond. I'll provide an overview, and Edmund will take us through the key details. Before turning to our results, a note about what we're seeing from our unique position at the center of the equities, fixed income, and fund markets. Despite the uncertainty and market pullback in the quarter ending in June, investors continue to be engaged and position growth remains robust. Our broker and asset management clients continue to face the imperative for digitizing their business. At the same time, they face regulatory change greater than any time since the global financial crisis. Our conversations with clients, both in North America and globally, remain very active as they pursue industry solutions for common needs and digital innovation for areas where they seek to differentiate. With that background, let's move to an overview of our results, which highlight the strength and resilience of our business model. First, Broadridge closed the year on a very strong note. Fourth quarter recurring revenues rose 15%, driven by exceptional 12% organic growth. Adjusted EPS rose 21% to $2.65. Second, these results were the capstone on a very strong year. For the full year, recurring revenues rose 16%, driving higher margins and after accounting for higher interest expense, adjusted EPS growth of 14%. We also delivered an 11th consecutive year of record closed sales, up more than 20%. Third, our growth is powered by execution against strong underlying market trends, including increased investor participation and diversification, and the digitization of financial services, as well as the successful integration and strong performance of our Itiviti acquisition. Fourth, we continue to drive balanced capital allocation as a core part of our long-term value creation algorithm. We continue to invest in modern, scalable technology platforms, and yesterday, our board approved a 13% increase in our annual dividend. Broadridge has increased its dividend every year since becoming an independent company with double-digit increases in 9 of the last 10 years. That's a testament to our execution, the strength and resilience of our business model, and of course, the long-term trends driving our growth. Fifth and last, our outlook for fiscal 2023 is positive. Our business model is built to deliver growth through all economic cycles. Our fiscal 2023 guidance calls for strong 6%-9% organic recurring revenue growth. This will drive double-digit growth in adjusted operating income and 7%-11% adjusted EPS growth. We also expect another year of very strong sales. The combination of excellent fiscal 2021 and 2022 results, coupled with a strong fiscal 2023 outlook, has Broadridge well-positioned to deliver at or above the higher end of our 3-year Investor Day objectives for the period that ends next June. That will mark the 3rd successive 3-year period in which we've delivered on our objectives. To build on those highlights, let's turn to a review of our execution against the 3 key opportunities that are driving our growth. First, extending our governance business by driving digital engagement. Second, leveraging our acquisition of Itiviti to grow our capital markets business. Third, building on our wealth franchise by delivering on the capabilities that make up our open wealth platform. I'll touch on each of these initiatives as I review our businesses, starting with ICS on slide 4. Our ICS business delivered another very strong year as recurring revenue growth of 11% was powered by a combination of increased investor participation and revenue from new sales. Investor participation continued to grow at a very healthy pace in fiscal 2022. Equity position growth remained well above trend at 18% for the year, and we benefited from increasing investor participation on the fund side as well, with mutual fund and ETF position growth of 14%. We remain positive on the trends driving long-term investor participation and diversification growth, and we see this growth normalizing in the mid- to high single-digit range in fiscal 2023 and beyond as market appreciation slows and we lap the benefit from zero commission trading. Importantly, we're delivering increased digitization across our regulatory business. For proxies, digitization rose to 86% from 81% two years ago. For funds, digitization rose to 78% from 69% two years ago. When you apply that change across some 2.2 billion shareholder communications, you can see that Broadridge generated $10s of millions in incremental savings for issuers and funds while significantly reducing greenhouse gas emissions. New sales was the other big driver of growth as our focus on innovation is increasing shareholder and client engagement across the full governance network from broker-dealers and wealth managers to public companies to funds to end investors. For example, for our broker-dealer clients, we instituted end-to-end vote confirmation for nearly 3,000 public companies and are rolling out universal proxy functionality this month. For fund companies, we're helping the world's largest fund managers launch pass-through voting. We launched a new cloud-based European funds reporting platform, and we're growing our data and analytics solutions. For issuers, we rolled out an upgraded Virtual Shareholder Meeting platform across more than 2,500 annual meetings, making it easier than ever for investors to participate. We also upgraded our ProxyVote App, enabling deeper investor engagement. Finally, our continued focus on digitizing customer communications enabled us to close a landmark deal to serve as the core digital communications infrastructure for a tier 1 wealth manager while continuing to onboard and serve our growing roster of new clients. These innovations helped drive strong revenue growth and led to what was clearly another strong year for our governance franchise. Now let's move to our capital markets franchise, where the acquisition of Itiviti is helping to transform our position in the market. In capital markets, we're driving trading innovation, simplifying global post trade technology, and building new enterprise data and network-enabled solutions. Itiviti's leading front office capabilities have meaningfully extended our franchise, deepening our relationships with key clients. Capital markets revenues rose 39% to $921 million, primarily driven by our acquisition of Itiviti, on which I will touch in a moment. In the meantime, despite our focus on the acquisition, we drove organic growth of 5%. The biggest factor in organic growth was revenue from new sales as we onboarded multiple new clients to our global post-trade platform. It's great to see our platform investments converting to revenue growth. We're also developing enterprise and network solutions. Our Distributed Ledger Repo solution is now live with 3 clients, with a fourth signed and others in the pipeline. Our production volume is now averaging more than $50 billion a day, and we expect that will climb further by year-end. Today, our clients are using Distributed Ledger Repo to process intra-company transactions and reduce external counterparty expense. We're further enhancing our capabilities in early fiscal 2023 to include sponsored repos. While the revenue from this business remains small today, the pipeline is strong, and we see a long runway for future growth. Another key network initiative is LX, our fixed income trading platform, where we continue to make steady progress toward a full launch. The biggest growth initiative in capital markets this past year has been the acquisition of Itiviti, which is delivering even more value than we first anticipated. Let's turn to slide 6 for a double-click on the performance of that business. I'm pleased to report that the integration is going very well. We are near completion on most streams. We're driving revenue and cost synergies, and we strengthened and deepened the management team. We've also officially rebranded the business Broadridge Trading and Connectivity Solutions or BTCS. When we announced the acquisition last spring, we highlighted 3 key drivers for why we thought this was a strong fit and would generate significant value for our shareholders. A year later, these drivers have only been reinforced. The first driver was the compelling strategic fit with our capital markets franchise. We expected that the combination of Itiviti's front office and connectivity solutions with our back-office capabilities would give us an unmatched ability to add value across the trade life cycle. That thesis is playing out, and we're in dialogues with multiple clients who increasingly see Broadridge as a critical partner in a multi-year process of modernizing their trading infrastructure. We're also well into developing the capability to enable common data sets across the trade life cycle, which will be a significant benefit for many clients. Our second driver was to use our expanded global scale and footprint to unlock additional growth. A year later, our international revenues have grown by more than 60%, enabling us to strengthen our position in both Europe and Asia Pacific. Clients see us as an increasingly global player, and Itiviti clients are seeing the benefit of being partnered with a larger player, especially one with a reputation for investment and service. Last, Itiviti is delivering clear financial benefits. Fiscal 2022 revenues came in ahead of our acquisition case at $256 million, and we exceeded our earnings target. We've actioned almost $10 million in synergies, including $3 million of revenue synergies and $6 million on the cost side. Our incremental scale helped fuel more than $30 million in closed sales, with multiple competitive wins in Fiscal 2022. Thanks to those sales, we are on target to deliver double-digit growth in fiscal 2023 and beyond. We're off to a strong start in realizing Itiviti's potential. Looking ahead, we have a clear roadmap for continued growth, driving share gains in the near term, executing on revenue synergies in the medium term, and over the long term, driving a suite of modular solutions covering the entire front to back trade life cycle. Now let's turn to slide 7 for an overview of our progress in building the leading wealth tech player. In wealth management, we are building on our core strength as the leading back office technology provider. Delivering new component solutions and developing an agile modular platform that will link the full suite of our capabilities. Wealth and investment management revenues rose 5% in fiscal 2022, powered by new sales in both the US and Canada, which helped offset the impact of lower trading volumes as we lapped the peak of the meme stock performance phenomena over the second half of last year. Our open component-based wealth management platform remains our top priority. To date, we've rolled out managed account billing and Advisor Workstation, both to strong reviews. We recently delivered the 2nd generation of the workstation with even more capability. Looking ahead, we're deep into integration testing on the remainder of the core suite with strong results and anticipate being largely code complete by the end of calendar 2022. Remains on track to go live in summer of 2023. Ongoing client discussions are enabling us to sharpen our open value proposition, open platform value proposition. Our ability to offer clients a set of modular solutions linked by a common enterprise integration layer enables them to modernize key parts of their tech stack one step at a time with clear value at each step. This modular approach is drawing significant interest from clients, and we expect it to drive increased wealth sales in fiscal 2023. To sum up, we are executing well across each of our franchise businesses. Now let's move to slide 8, and I'll wrap up my review with some closing thoughts. First, Broadridge delivered another strong year of financial and operating results. Second, we're executing on our growth plans in 3 attractive opportunities. We're driving digitization to extend governance. We're leveraging Itiviti, to grow capital markets, and we're successfully building wealth management. Our investments in each of these areas are creating significant momentum in the marketplace. Third, our growth is being propelled by the accelerating pace of change in the financial services industry. Clients are evolving their business models, rapidly seeking to digitize and adopting next-generation technologies. Slowing global growth is likely to further accelerate these changes as our clients invest to compete for market share and drive productivity. By accelerating digitization and mutualizing non-differentiating costs, our solutions help them meet those needs. That brings me to my fourth and last point. Broadridge has never been better positioned for long-term growth. Our guidance calls for 6%-9% recurring revenue growth in fiscal 2023 and 7%-11% adjusted EPS growth. We're on track to deliver at or above our 3-year objectives. With a $60 billion market opportunity, we see a long runway for growth. Before I finish, I want to thank our associates around the world. Their work is the driving force behind the innovation that we're bringing to the financial services industry. This work is critical for our clients, and through them, we're making a difference in improving the financial lives of millions around the globe. Edmund, over to you. Thank you, Tim, and good morning, everyone. I'm really pleased to be here to discuss the results from yet another strong quarter and strong year. I'll also provide you with some additional insights into our guidance for fiscal 2023, which will position Broadridge to deliver at or above the higher end of our three-year financial objectives. As you can see from the financial summary on slide 9, Broadridge's full year results came in at or ahead of both our fiscal year 2022 guidance and our three-year objectives across all metrics. Recurring revenue rose to $3.7 billion, up 16% year-over-year. Organic growth was 9%. Adjusted operating income margin expanded 60 basis points, outpacing our annual margin expansion objective despite the drag from increased low to no margin distribution revenue. Adjusted EPS grew 14% to $6.46. Finally, and as Tim noted earlier, we delivered record closed sales of $282 million. A strong year across all metrics. Turning to the 4th quarter, recurring revenue grew 15% to $1.2 billion, driven by organic growth of 12%. Adjusted operating income grew 25% and AOI margins expanded 250 basis points as we lapped Q4 2021 elevated investment spend. Adjusted EPS increased 21% to $2.65. Again, operating income growth was partially offset by higher interest expense related to the acquisition of Itiviti. Our 4th quarter results benefited from continued position growth, strong execution across our product lines, and the ongoing strong performance of Itiviti. Let's get into the details of these results, starting with recurring revenue on Slide 10. Recurring revenue grew by 15% to $1.2 billion in Q4 2022. Organic growth was 12%, driven by strong volume growth in new sales. Acquisitions contributed 3 points of growth in the quarter as we passed the 1-year anniversary of the Itiviti acquisition in May. Our 16% recurring revenue growth for fiscal 2022 marks 3 consecutive years of double-digit recurring revenue growth, with organic growth at 8% in fiscal 2021 and 9% in fiscal 2022, well above our 5%-7% 3-year growth objective. We are well on our way to exceeding our 3-year top-line growth objectives. Now let's turn to slide 11 to look at the growth across our ICS and GTO segments. We saw double-digit recurring revenue growth in both of our segments. In Q4, ICS recurring revenues grew 14%, all organic, to $807 million, including double-digit growth across all four product lines. Regulatory revenues rose 13% to $424 million on strong equity and fund position growth. Data-driven fund solutions revenue grew 11% to $103 million, driven by strong growth in our data and analytics solutions and our mutual fund trade processing unit. Our issuer business increased by 18% to $125 million as we maintained share in our virtual shareholder meetings platform and continued to grow our other annual meeting and disclosure products. Finally, our customer communications business had a very strong quarter, growing by 15% to $155 million, driven by a surge in volumes from onboarding new clients in double-digit growth in our higher margin digital offerings. Customer communications is now delivering solid top-line growth that complements its strong earnings growth as it executes on its print to digital strategy. For the year, ICS grew at 11% with all of our businesses at or above our organic recurring revenue growth objectives. Turning to GTO on slide 12. Recurring revenues grew by 18% in Q4 to $382 million, driven by continued strong performance from Itiviti, higher capital markets fixed income trading volumes, and an increase in wealth management license revenue. Organic growth was 9% for the quarter and 5% for the year. Capital markets revenues grew by 28% to $240 million, powered by Itiviti, revenue from closed sales and higher fixed income trading volumes. Organic growth in capital markets was 12% for the 4th quarter and 5% for the full year. Let me also take a moment to emphasize the strong performance in Itiviti. Itiviti, now BTCS, contributed 7 points of growth to Broadridge's recurring revenue, right on track with the expectation that we set when giving fiscal year 2022 guidance and ahead of our profit expectations. Tim walked you through the progress that we've made in the year since the acquisition. I continue to feel good about our integration, the revenue synergies and strong financial performance in BTCS, and the strategy for the business going forward. Wealth and Investment Management revenues grew by 4% to $142 million, driven by growth from new sales and license revenue, partially offset by the impact of lower trading volumes at our wealth management clients. Full year organic growth was 5%. Now let's turn to slide 13 for a closer look at the volume trends in ICS and GTO. Position growth remained strong in the 4th quarter across both equities and funds. Equity growth was 17% in the seasonally large 4th quarter. Our testing of position data continued to prove reliable as we finished the full year in line with our late April testing. For the full year, equity position growth was 18%. Mutual fund growth also remained steady at 10% in the 4th quarter, and full year growth was 14%. Turning to trade volumes on the bottom of the slide. Trade volumes grew 8% in Q4, driven by double-digit growth in fixed income volumes as investors sought to stay ahead of rising inflation in a more hawkish Fed. Equity volumes also increased as higher trading by institutional investors more than offset the lower Itiviti at our retail wealth management clients. For the year, internal trade growth was 1%. Let's now move to slide 14, where we summarize the drivers of recurring revenue growth. Recurring revenues grew 15%, powered by 12% organic growth and a 3-point contribution from acquisitions, primarily reflecting Itiviti revenue through mid-May. Internal growth, including strong position growth and fixed income trading, drove 8 points of growth, and revenue from new sales contributed 6 points of growth. Our retention rate remained at 98%. I'll finish the discussion on revenue with a view of total revenue on Slide 15. Total revenue grew 12% in Q4 to $1.7 billion. Recurring revenue was the largest contributor, driving 10 points of growth. Low to no margin distribution revenue increased by 12% and contributed 3 points to total revenue growth, driven by a combination of higher volumes in our customer communications business and higher postage rates. That growth had a dilutive effect on our reported adjusted operating income margins, as I'll highlight in a moment. Event-driven revenues were $70 million in Q4 2022, $2 million lower than last year, as lower contested activity was partially offset by continued mutual fund proxy activity. Looking ahead to fiscal 2023, we are not forecasting any major mutual fund proxy events, and we expect event-driven revenues to be in the $240 million-$260 million range, in line with recent years. Turning now to margins on Slide 16. Adjusted operating income margin for Q4 was 25.3%, a 250 basis points improvement over Q4 2021, driven by strong recurring revenue growth and lapping the increased investment in our digital and technology platforms. For the full year, Broadridge delivered 60 basis points of margin expansion, exceeding our objective of 50 basis points, despite elevated growth on low to no margin distribution revenue, which diluted our reported full year adjusted operating income margin by 70 basis points. As I've mentioned previously, we saw a modest impact from higher inflation, both in attracting and retaining talent and in material costs. To offset that inflation impact and to prepare for a more uncertain economic environment, we took a series of targeted cost actions in Q4 2022. First, given our new hybrid work model, we continued to right-size our real estate footprint and took a $23 million 1-time charge related to those incremental actions. We have now closed or reduced 49 offices or 14% of our total square feet since the beginning of the pandemic in fiscal year 2021. Second, we initiated additional business alignment initiatives that resulted in a reduction in both existing and open headcount. As a result of these cost initiatives, we expect to realize $70 million in annualized savings, which, along with the operating leverage inherent in our business model, will allow us to mitigate inflation, continue to invest in our long-term growth investments, and meet our earnings growth objectives. Following the decision we announced earlier this year, we are closing our offices in Russia and we'll relocate associates who want to move. We incurred $1.4 million in expense related to that effort in the 4th quarter and expect another $25 million-$30 million over the course of fiscal 2023 to wind down our business in that market. Both the 1-time real estate costs and the Russia wind down expenses have been excluded from our calculation of adjusted operating income and adjusted EPS. Let's move ahead to closed sales on slide 17. We ended our fiscal year with another strong selling effort, closing $112 million in closed sales for the quarter. For the full year, sales grew by 21% to $282 million, ahead of our guidance range and marking yet another year of record closed sales. Importantly, these sales were balanced across ICS and GTO products, and we also saw a significant contribution from BTCS. Strong closed sales drove a further increase in our recurring revenue backlog, which reached $440 million or 12% of fiscal 2022 recurring revenue. Importantly, our backlog gives us strong visibility into the revenue from closed sales that will power fiscal year 2023 recurring revenue growth. I'll turn now to capital allocation on Slide 18. We are a growth company, and our capital allocation model remains focused on balancing investment for long-term growth and capital return to benefit our shareholders. Broadridge generated $370 million in free cash flow in fiscal 2022 after investing $447 million in our client platforms. The wealth platform accounted for the most significant part of this investment. As we previously indicated, we are in a peak period of investment across multiple client platforms, including our wealth platform, where we are on track to reach code complete in fiscal 2023. We also expect client platform investment to be lower in fiscal 2023, with free cash flow conversion returning to more historical levels in fiscal year 2024. We remain committed to funding a dividend that grows in line with earnings, having returned a net of $253 million to shareholders in fiscal year 2022. We are pleased that our board has approved a 13% annual dividend increase to $2.90 per share in fiscal 2023, in line with our targeted dividend payout ratio of 45% of adjusted earnings. Finally, we repaid $95 million of debt as we continue to prioritize debt repayment over share repurchases until we reach a leverage ratio that is in line with our objective to maintain an investment grade credit rating. I'll close my prepared remarks this morning with some detail on our fiscal 2023 guidance, which is on slide 19. Our guidance calls for mid- to high single-digit recurring revenue growth, continued margin expansion, solid adjusted EPS growth, and another year of strong closed sales. Let's take each point in turn, starting with recurring revenues. We expect fiscal year 2023 recurring revenue growth of 6%-9%, all organic, with balanced growth across both ICS and GTO. The biggest driver of our growth is expected to be new sales as we work to onboard our 440 million backlog. We also expect mid- to high single-digit position growth and flat trading volumes. As always, the recurring revenue guidance reflects a constant currency view. In addition to recurring revenue, we expect low double-digit growth in distribution revenues driven by solid volume growth and additional postage rate increases. As I indicated earlier, we expect event-driven revenues to be in the $240 million-$260 million range, down from $270 million in fiscal 2022. Factoring recurring, event-driven, and distribution revenues, we expect total revenue constant currency growth to be in the 6%-10% range. Second, we expect to expand our adjusted operating margin in fiscal 2023 by approximately 50 basis points, driven by the scale in our business, the ongoing mix shift to digital and efficiency gains, including our recent cost initiatives. These drivers should enable us to offset inflation-related increase and the dilution from double-digit growth and low to no margin distribution revenues. Third, we expect adjusted EPS growth of 7%-11%. Embedded in our adjusted EPS outlook is the impact of higher interest rates, which will drive a $35 million-$40 million increase in interest expense and the impact of the stronger dollar, which will lower our adjusted earnings growth by just over 1%. Keep in mind that while higher interest rates are impacting our interest expense line, the impact on Broadridge as a whole is largely neutral as our $1.6 billion in variable debt outstanding is essentially matched by cash balances held in our mutual fund trade processing and stock transfer businesses. Any increase in interest expense is offset by an equivalent increase in float revenue in ICS. We are also projecting an overall tax rate of 21% and a modest increase in diluted shares outstanding. Closing out our discussion of EPS, we expect to complete the integration of Itiviti and incur expenses related to winding down our operations in Russia. These expenses are not included in our calculation of adjusted EPS guidance. Turning now to our final guidance point, closed sales. We expect another strong year in sales with a fiscal 2023 guidance range of $270 million-$310 million, including balanced sales between ICS and GTO. To sum up, our fiscal 2023 guidance emphasizes the strength and resilience of our financial model and our ability to drive sustainable recurring revenue growth through any economic environment, fund growth investments while expanding margins, and delivering steady and consistent adjusted EPS growth, all while maintaining an investment-grade balance sheet and a balanced capital allocation policy. Before I move on from guidance, let me briefly discuss our Q1 outlook. Historically, Broadridge has generated 10%-17% of our earnings in the 1st quarter. In fiscal 2023, we expect our Q1 earnings to be at the low end of that historical range, driven by lower event-driven revenues and the carryover impact of higher fiscal 2022 expenses. In one administrative note for fiscal 2023 and moving forward, beginning with our 1st quarter results, we will be completing the final stage of our recast FX reporting. Given the increased size and scale of our international business and global operations, it is appropriate to incorporate FX changes more fully into our reporting. You will recall that last year we implemented the first phase of this transition by updating the fixed exchange rate for our segment revenues and for recurring revenue, which reduced the difference between the fixed rate and the actual rate that was recorded in our FX revenue line. We will now be translating changes in FX into our segment and recurring revenue reporting, allowing us to eliminate the FX revenue line entirely. As a result, you'll see the impact of changes in FX directly in our recurring revenue line rather than as a change in the FX revenue line. While this change will modestly reduce our reported recurring revenue, it will have little impact on our reported recurring revenue growth rate and no impact on our reported total revenue or profitability metrics. As we did last year, we intend to publish our historical revenue results at a recast actual rate ahead of our 1st quarter earnings so that you have a chance to adjust your models. Where does that leave us? Let me wrap up by putting our fiscal 2023 guidance in the context of our 3 -year financial objectives on slide 20. Our guidance for fiscal 2023 has Broadridge well positioned to deliver above the 3-year growth objectives for organic recurring revenue and recurring revenue, in line or ahead of our margin objectives, and with adjusted EPS growth at the higher end of our 3-year growth objective range. Of course, we need to execute in an increasingly uncertain environment in fiscal year 2023. By doing so, we will have delivered again on another set of 3-year growth objectives, just as we did in fiscal 2014 to 2017 and fiscal 2017 to 2020. That performance underscores the strength and consistency of our business model, our strategy of growing our governance and capital market franchises, and building a wealth management franchise, as well as the long-term trends driving our growth. With that, let's take your questions. Operator. Thank you. We'll now begin the question-and-answer session. To ask a question, you may press Star then 1 on your Touch-Tone phone. If you're using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press Star then two. At this time, we'll pause momentarily to assemble our roster. Our first question comes from David Togut from Evercore ISI. Please go ahead. Thank you very much, and good morning. Appreciate the call-outs on the fiscal 2023 guidance, Edmund. Can you talk through your expectations, though, for Itiviti, which is clearly growing solid double digit and has margin well above your corporate average, and any expectation we should be incorporating from the UBS contract? Let me maybe say one thing on Itiviti and then turn it over to Tim to talk about long-term view on Itiviti and the UBS contract. First, David, you know, I was very pleased. We said at the beginning of the fiscal 2022 guidance that we'd expect Itiviti to contribute 7-8 points. That revenue performance that Tim mentioned, we're very pleased about that. We expect to see mid to high single-digit growth in Itiviti, as we said when we made the acquisition, and we feel very good about the profit outlook on it as well. I feel good going into fiscal 2023 and the contribution that we expect from Itiviti, and Tim can give further view on what we think going forward. Yeah, Dave, from a modeling perspective, it's really incorporated in the guidance that Edmund gave. Just stepping back from it a little bit, you know, obviously we're pleased with the integration. What we were really pleased by is the confirmation around our strategic thesis with our clients and the conversations that we've been having with them about how we fit into their roadmap. Really, as we look at our, you know, the way our technology architecture, the way our product roadmap overlaps with what our clients needs, as well as the real commitment to service that both Itiviti and Broadridge have and how that is resonating. We really are seeing market share gains, and that's delivering the financial benefits that we talked about. Just to expand a little bit on a little bit of the outlook I gave, you know, when I was talking, as we think about that short, medium, and long-term goals in terms of how we see this unfolding, we think there is a real opportunity over the next few years to take share in the front office. There is a real need out there for a next-generation solution, and people are really looking to us as the right partner for that. We saw that with multiple competitive wins in this last year, which drove more than $30 million in sales, which we see continuing to grow. In the medium term, we think there's an opportunity around geographic and asset class expansion. We're seeing the pipeline grow in North America. We saw some good sales in North America, so we're really having the opportunity to bring Itiviti to North America, where it traditionally hasn't been as strong. We're getting introduced by Itiviti in Europe to their clients, and there's also a lot of opportunity in exchange traded derivatives. Longer term, that ability to really create a true front-to-back solution, and some of our clients are very excited about that because there's a lot of inefficiency today where the data in the front office and the back office don't match, and it creates a lot of internal inefficiency and breaks. The ability to bring that true back-office data all the way to the front can really increase traders' effectiveness and ability for them to be effective in their business. We are incredibly excited about this. Everything that we thought about it has been happening, and we're, you know, very excited about the long term. Now, your second part of your question was on UBS, which I'm sure others will have that same question. You know, specifically related to 2023, there's nothing in our guidance about 2023 for this. We're really expecting the revenue to begin to be recognized after our 2023 fiscal year as we talked about sort of in that summer of calendar 2023, which will be in our fiscal 2024 calendar year. I'll leave it at that for right now. If others have questions, I have lots to say about the wealth platform and how excited we are with it. Understood. Thanks. Just as a quick follow-up, Edmund, you called out some impact of carryover expenses from Q4 into Q1. Can you kind of walk us through the cadence of investment spending throughout FY 2023? You said you were being increasingly disciplined in your planning process. Yeah. I mean, David, where I'd start there is, you know, we've seen volatility over the past 2 years, and we've continued to see Broadridge continue to expand adjusted operating income margins. Over the last 3 years, it's been over 50 basis points. You know that we set as an objective 50 basis points, and we did 60 in fiscal 2022 despite the inflation impact, despite the distribution impact that we've had, and 60 basis points in fiscal 2021 as well. Inherent in our business model is operating leverage that we get from bringing on new revenue onto our fixed infrastructure without seeing additional costs that we get from moving from, you know, as we continue to become more of a digital business. The efficiencies that we see in the business as well from things like moving to the cloud and in our technology expense. That I think allows us to continue to expand margins each year and create capacity for investment. Now, like many other companies going into an uncertain economic environment, I thought it was prudent for us to be proactive and take actions to drive down the cost and create more capacity for us. You know, we have started those actions as we went into our fiscal 2023 planning process. They're underway, which is why I felt confident in giving a number today in terms of the annualized savings associated with that. That is gonna allow us to mitigate the inflation impact, continue to create capacity for investment, which is our objective to have ongoing investment in our revenue initiatives and continue to deliver the earnings that's in line with our objectives and with the guidance that we gave. You know, ongoing investments are going to be a part of our business model. I think we have the operating leverage in our business and the proactive actions that allow us to continue that. Our next question comes from Pete Heckmann from D.A. Davidson. Please go ahead. Morning, everyone. Thanks for letting me take the question. I wanted to ask on customer reimbursables are growing quite a bit faster than I would have expected given some of the secular decline in paper and going to electronic. You know, it was, what, 11% last year, about 10%-15% this year. You know, how would you break down the contribution from the increase in postage? Kind of that core growth rate, would you attribute that to just traditional customer communications wins? Yeah, Pete, we didn't quite hear the very first part of your question. Growth in what? Sorry, customer reimbursables. Oh, got it. Let me just take a little bit of an overview and let Edmund add on to that. We are seeing good growth. Well, first of all, it's the factors you mentioned. Postage was a significant factor, and there's gonna be another postage increase in this coming year. The customer communications business, which has a lower digital percentage than our regulatory business, had some very nice growth as you saw this year. That's growth both from bringing on new clients and from increased volume inside existing clients. Good growth in both those things. You know, I know it's not your question, but I just have to point out the increased digitization rates that we've seen over the past couple of years are now at 86% for the proxies and 78% for funds. You know, we continue to think that the long-term piece as we get to digitization is that the distribution revenue should be a smaller piece of our business. We're a bit surprised by that this year and but it looks like with the postage increase, it'll be significant again next year. Just I'll ask Edmund to add on. Yeah. I'll just add to what you just said 'cause your comments were spot on, Tim. You know, on an ongoing business as usual basis, I'd expect the distribution revenue to be in you know, sort of mid-single digit growth levels. Because of what the strength that we've had in our customer communications business with strong wins there, we have seen an uptick in it that moves us to these low double-digit rates, plus the postage increase that Tim has seen. As a result of that, you're seeing top line growth, by the way, in our customer communications business in line with the strong earnings that we've put in there. I think the important point on that is that both of those components, the customer communications distribution plus the postage, is at no margin, very low to no margins for us. That doesn't have whether the growth rates are higher. When the growth rates are higher because of that, it's not having a big impact on our overall earnings. It is having an impact on our reported margins, but we are still able to be able to drive the margin expansion despite that. I think that's the key thing to keep in mind as you think about the distribution revenue. It's a great point, Edmund. Again, I know you all know this, but you always hear me say it when we think about Broadridge, we're thinking about that fee revenue. You know, both in terms of growth and in terms of margin, when you look at fee revenue, that is really what is our economic driver. Okay. Okay, that makes sense. Just thinking about M&A, Broadridge has been an active acquirer over the years, but should we expect that the M&A Itiviti might be a little less frequent and maybe smaller deals for the next two or three quarters as you get down towards your target leverage ratio? Yeah. Thanks, Pete. You know, as we look at the environment, first of all, in terms of the attractiveness of the price of assets, which even though the market has come down, is still not amazingly attractive. Then as we look at really prioritizing paying down the debt from Itiviti and getting to more normal levels of leverage. I think you know, it's never say never for the right thing, but really our emphasis is on paying down the debt at this time. The next question comes from Puneet Jain from JPMorgan. Please go ahead. Hey, thanks for taking my question. It looks like ICS internal growth trends inflected higher in the quarter. Even relative to the last quarter, it seemed like year-on-year trends improved a lot, adjusted for comps and seasonality. Is that right? What would you attribute that to, Tim? I don't know if I would say it was necessarily stronger than the year before because we had exceptional position growth in the prior year. When you look across the business, and obviously we had, you know, really strong performance in customer communications on top of everything else, this year, so it was a really good strong quarter for ICS. You know, the interesting thing, Puneet, that I wanna make sure we call people's attention to is the revenue from new sales that we saw in ICS as well. We do a lot of talk about position growth. In the past there was a time when ICS was largely just about position growth. When you look at the revenue from new sales is a very significant portion of the growth this year, which is something that we think can be a long-term trend as we've really done so much innovation and new product launch there that is a much bigger component of the whole growth mix. Let me just add, and I think it's a good observation, Puneet, and Tim's point, let me just maybe add 1 or 2 points. You're right, you did see sort of elevated growth in the issuer business and in the customer communications business. Remember, issuer last year on the full year grew at 21%. We're now seeing 14% this year. In the quarter, we continued to have strong retention of our virtual shareholder meetings platform. That wasn't a big growth driver. There was some macro headwind there, but that retention is very important. And then our disclosure products had very high growth as well. Some of that, the disclosure business has been growing very healthy over the past couple quarters. We got a little bit of an uptick as companies look to revamp their proxies and annual reports. We do a good job of winning that business. You know, I don't know to expect that kind of growth on an ongoing basis. In the customer communications business, just onboarding a bunch of the large sales that we've had over the past year, print and digital sales that we've had drove growth there. I think the big point that I'd ask you to take away, Puneet, is we still feel very comfortable with our long-term objectives of 5%-7% organic growth from these businesses. I think that's what you can expect as we look at them moving forward. Understood. No, that's very helpful. For VSM within issuer solutions, how should we think about penetration rate for that market? You've been offering that for a couple of years. Is there a way to think about like you are at X% penetrated of the addressable market, or of total number of issuers that are out there within that VSM solutions? Yeah. It's Tim. On that in terms of penetration, I think that, you know, we saw obviously a very big jump up in that over the past few years. I think in 2019 we did 300 meetings, and then, and we're at 2,500 now. It is, I think from here. The first question is, will it go back? I think what we're definitively seeing there is no. What we hear from our clients is once they have moved to this, they see, they see the benefits, they see the increased investor participation, they see the, convenience, not needing to have people travel, all those things is, they see really, really the benefits. You know, we haven't seen people going back. That's step 1, which is very important. I think the growth from here will be much more incremental. It is, you know, many of the people who are going to make a decision have made it over the past few years. I do think it will be a very solid offer in the future, but I don't think we expect to see the kinds of growth that we've seen in the past. Just very solid, you know, one at a time kind of growth. Again, if you have a question, please press star then 1. Our next question comes from Patrick O'Shaughnessy from Raymond James. Please go ahead. Hey, good morning. I'm trying to square your positive comments about Itiviti with the actual revenue trends. You know, it sounds like it performed relatively or in line with your plan for the year. You seem pretty happy with it. It was a $250 million revenue business when you bought it in early 2021. It did $256 million of revenue this past fiscal year. It doesn't seem to be exhibiting a lot of revenue growth, at least over the past year. How do I square your positive tone with those numbers? Yeah, sure, Patrick. There's a sort of a revenue haircut that takes place as part of sort of the accounting of software businesses. When you look at the revenue that there was previously, there's a bit of a sort of downtick built in in the 1st year, which we grew over and more. We'll get some of that back in this coming year, and so we'll have a nice, you know, nice continued growth this coming year that will be sort of above that high single digit trend that Edmund talked about, which we see as a long-term trend. Really, we have to measure it relative to our objectives, which was sort of on a like-to-like basis, double-digit this year. We feel, you know, very good about that, as well as the sales goals, which were, when you think about $30+ million on a $256 million business. You know, that's a really nice percentage of sales relative to the base. Then the earnings was quite a bit above our expectations as well. You know, across all three of those metrics, it performed well. Just the outlook feels really good too in terms of meeting our acquisition case and more. Got it. That's helpful. Thank you. Edmund, you kind of mentioned this in your prepared remarks, but there is the interest income upside within the Fund Communication Solutions business. Can you help us think about quantifying that? Is there a certain amount of float times and interest rate that we should be thinking about? Or, you know, kind of what is the upside to that, you know, in a further rise in rate environment? Yeah. Well, the short important point on it is that it really offsets, and makes our overall rate impact neutral or slightly positive as I think about the interest expense line. In the prepared remarks, I talked about interest expense for the $1.6 billion in variable debt that we have having about a $35 million-$40 million impact. Our treasury teams and our business teams work very hard to be able to recognize the rate increases that we see in the asset side as well in mutual funds. You can expect the impact to be roughly the same amount on the asset off-balance-sheet side to the ledger. It's about a neutral impact as we think about those two impacts, both on the interest expense side and on the balances. The next question is a follow from David Togut from Evercore ISI. Please go ahead. Thank you. Just a quick follow-up. You gave some kind of guide rails, Edmund, around Q1 FY 2023 EPS as a percentage of total annual EPS, kind of characterizing it as toward the lower end of the 10%-17% range historically. Can you put some guide rails around your revenue growth expectations as well? We're getting some incoming questions on that. Yeah. You know, I think we've seen. On the Q1 overall, you're right. I think the event that when you think about total revenue, you know, I'd expect the recurring revenue to be in line with the guidance and with our historical levels of growth because we continue to see the strong position growth. We continue to feel very good, as Tim mentioned earlier, about onboarding our sales from the revenue backlog of $440 million. That is the key driver of our growth, and those things are healthy going into each of the quarters, including Q1. When you think about total revenues, where you start to see the impact being lower, if you think about Q1 of 2022, where we saw almost record levels of event-driven revenue, it was over $76 million in Q1, and we're gonna be lower than that. The full year impact of expenses that were in fiscal year 2022 is what drives Q1 to be at the lower end of that 10%-17% range. This concludes our question and answer session. I'd like to turn the conference back over to management for any closing remarks. This is Tim. I just want to thank everyone for joining us. We are really pleased with the performance we had this past year. We're really excited about the upcoming year and about the future for our company, our ability to help our clients and improve the lives of millions and millions of investors. Thank you very much for joining, and we look forward to talking to you next quarter. Conference has now concluded. Thank you for attending today's presentation. You may now disconnect.