Cannae SPAC Presentation Deck slide image

Cannae SPAC Presentation Deck

2 Playbook successful across numerous investments Company Overview 2 Bill Foley Playbook Transformation and Achievement of Synergies ● • ● ● ● CERIDIAN Global human capital management ("HCM") software provider with $14.8B of market capitalization Ⓡ Continues to expand internationally with launch of global payroll for Australia, New Zealand, Singapore, and African Regions in 2020 Acquired Dayforce, a SaaS cloud software company in 2012 Sold Comdata to FleetCor Technologies in 2014 for total pre-tax gains of ~$500M Executed IPO in 2018 at a ~$3B equity valuation • Streamlined the management, which was critical to business model shift from a service bureau model to a SaaS model Successfully monetized in both follow-on and block trades post-IPO Expanded EBITDA margins by ~450 bps since acquisition (1) Equity value has increased substantially from -$3B at 2018 IPO to current market cap of -$14.8B Source: Public company filings and market data as of 8/5/2021. Includes only the Human Resources Solutions segment at the time of acquisition. ● ● dun & bradstreet Global provider of business decision data, analytics, and insights • Led strategic direction in Executive Chairman role ● Expanding analytical applications with strategic acquisitions - 3 tuck-ins since 2020 ● Brought in strategic and capital partners to execute the ~$7B Enterprise Value / ~$2B Equity Value acquisition of D&B ● In its first day of trading following the IPO, DNB stock closed up -15% ● • Recruited a new management team to accelerate strategic transformation Helped identify efficiencies and optimization measures - achieved -$246M in cost savings so far Executed IPO above the expected range in June 2020 at a $9B equity valuation Realigned organization to increase effectiveness and accountability Optimized go-to market strategy to incentivize cross-selling and long-term contracts Equity value has increased substantially from ~$2B at 2018 LBO to current market cap of ~$8.0B ● ● ● BLACK • A premier provider of high-performance software, data and analytics for mortgage and home equity lending and servicing Expanded and scaled with selective M&A ● CH KNIGHT CANNAE HOLDINGS, INC. Re-acquired Lender Processing Services ("LPS") in 2014 for $4.2B Branded the technology, data, and analytics business as BKI Replaced the entire senior leadership team and brought in Thomas H. Lee Took the company public in 2015 Reorganized the company and refocused management on growth Drove $300M of cost savings through optimization Expanded EBITDA margins by ~1,050 bps Equity value has increased substantially from ~$2B at 2015 IPO to current market cap of $12.7B CANNAE HOLDINGS INVESTOR PRESENTATION AUGUST 2021 7
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