Cannae SPAC Presentation Deck slide image

Cannae SPAC Presentation Deck

J alight On 7/1/21 Cannae purchased 4.2M redeemed ALIT shares for $42M. As a result, Cannae received an additional 1.5M founder shares from other Sponsors. The business combination successfully closed on 7/2/21. Transaction Update(¹) On June 30, 2021, Foley Trasimene announced that stockholders voted to adopt the Business Combination Agreement for Foley Trasimene's proposed business combination with Alight and approved all other proposals In connection with the vote, 19.9M Foley Trasimene public SPAC shares (~19% of cash in trust) were redeemed The Sponsors collectively agreed to purchase 5.2M of redeemed shares (4.2M of which were bought by Cannae for $42M) ● The business combination successfully closed on July 2, 2021 Alight's Class A common stock and warrants began trading on the New York Stock Exchange on July 6, 2021, under the ticker symbols "ALIT" and "ALITW," respectively D.A. Davidson has launched coverage of Alight with a "Buy" rating and $16.00 price target as of 7/27/2021 Alight (ALIT) stock performance vs S&P 500 and public peers Since day before news of a potential merger between WPF and Alight first broke Alight (WPF) I closed at I AN $11.05 on 12/18/20 (day 12/18/20 before news of a potential deal broke) I Source: Public company filings and market data as of 8/5/2021. (1) On July 2nd, 2021, the business combination closed and WPF ticker changed to ALIT (2) Peers include: Broadridge, ADP, Paychex, Ceridian and HealthEquity. 8/5/2021 S&P 500: 20% Peers (2): 13.9% Alight (ALIT) stock closed at $9.91 as of 8/5/2021 Cannae Investment Summary Investment Date Total Invested Capital Current Ownership Current Value Current Gain 2021 $440.6M total / including $436.1M (or $8.65 per share) and $4.5M (or $0.58 per warrant) $516.1M • $75.4M / 1.2x 0 CH CANNAE HOLDINGS, INC. The business combination successfully closed on 7/2/21 Cannae committed to invest $150M via a Forward Purchase Agreement and an additional $250M in connection with the PIPE Cannae also purchased $4.5M of private placement warrants 50.4M shares (~10% ownership) and 8.0M warrants On 7/1/21 Cannae purchased 4.2M redeemed ALIT shares for $42M and as a result received 1.5M founder shares from Trasimene/Bilcar Total invested capital of $440.6M Gross market value of Cannae's investment is $516.1M based on ALIT stock price of $9.91 and warrant price of $2.08 as of 8/5/2021 Mark-to-market gain on investment is currently $75.4M or 1.2x before taxes and fees CANNAE HOLDINGS INVESTOR PRESENTATION AUGUST 2021 20
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