Paycor Results Presentation Deck
Key Definitions
"We," "us," "our," "the Company," "Paycor," and similar references refer to Paycor HCM, Inc., and unless otherwise stated, all of its subsidiaries.
"Apax Partners," "Apax," or "our Sponsor" refers to Apax Partners L.P., a global private equity firm, collectively, with its affiliates.
"Metropolitan statistical areas" refers to the metropolitan statistical areas delineated by the United States Office of Management and Budget as in effect as of the date of
this prospectus.
"Net revenue retention" refers to the current quarterly period recurring revenue for the cohort of customers at the beginning of the prior year quarterly period, divided by the
recurring revenue in the prior year reporting period for that same cohort. In calculating the net revenue retention for a period longer than a quarter, such as a fiscal year, we
use the weighted average of the retention rates (calculated in accordance with the preceding sentence) for each applicable quarter included in such period.
"Recurring revenue" refers to, with respect to any period, all recurring service revenues attributable to payroll, workforce management, and HR-related cloud-based
computing services.
"Tier 1 markets" refers to the 15 most populous metropolitan statistical areas in the United States.
"Tier 2 markets" refers to the 15 most populous metropolitan statistical areas in the United States other than Tier 1 markets.
"Tier 3 markets" refers to the 20 most populous metropolitan statistical areas in the United States other than Tier 1 markets and Tier 2 markets.
"Total bookings" with respect to any period is defined as the aggregate year-one values of all new customer contracts acquired during such period, including new sales to
existing clients. Total bookings includes both recurring fees and implementation services.
"Total customers" refers to a parent company grouping, which may include multiple subsidiary client accounts with separate taxpayer identification numbers.
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