Cannae SPAC Presentation Deck slide image

Cannae SPAC Presentation Deck

2 Foley's established value creation playbook Foley Playbook Was Created at FNF Metric driven management Industry consolidation and enhancing execution Recruitment of C-Suite talent Diversification, streamlining, and continued growth Proven Results M.FIDELITY NATIONAL FINANCIAL In 1984, Foley acquired FNF for $3M when it was ranked 48th in the country among title insurance companies and had revenue of $6M (1) First to bring performance metric driven management to the title insurance industry Focused on operating profit optimization across economic cycles A track record of consolidation, while also creating highly efficient, market leading companies Acquired Chicago Title Insurance Company, creating the nation's largest title insurer Hundreds of acquisitions since initial acquisition Industry leading title margins over multi-decade economic cycles Mr. Foley recruited and mentored future industry leaders and all executive officers Includes FNF's current Chief Executive Officer Raymond Quirk and Chief Operating Officer Roger Jewkes Continued growth with additional strategic acquisitions such as: SERVICELINK Diversified investments including: C CERIDIAN - Commonwealth LAND TITLE INSURANCE COMPANY sedgwick. V AMERICAN BLUE RIBBON HOLDINGS BLACK KNIGHT Remy INTERNATIONAL, INC. Lawyers Title INSURANCE CORPORATION J.ALEXANDER'S HOLDINGS, INC. G FOL HOLDINGSs FNF is now the nation's largest title insurance and settlement services company #1 market share in the residential purchase, refinance, and commercial markets (2) FNF average pre-tax title margins of ~15% over the last decade compared to competitor average margins of ~10% during the same period (2) Foley Playbook Source: Public company filings and market data as of 8/5/2021. (1) Revenue and ranking as of 1984. From Fidelity National Title Insurance Company website. (2) FNF margins and rankings data from the FNF Spring 2021 Investor Update Presentation. Title margin averages include every year from 2012-Q1 2021. ● ● · CH CANNAE HOLDINGS, INC. Identify Value Enhancements Cost savings Strategy shifts Elimination of siloed organizational structures Product expansion Exploit Full Operating Tool Kit Pricing Sales force efficiency / cross-selling Marketing optimization World Class Talent Executive team Alignment of interests Clear goals for management Board of Directors Invest for Growth New products New markets Acquisitions Add-on acquisitions Transformative transactions Foley's value creation playbook was created and first implemented at FNF, where it has been driving consistent outperformance for 30+ years CANNAE HOLDINGS INVESTOR PRESENTATION AUGUST 2021 6
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