Alight, Inc. · NYSE:ALIT

Alight — Q1 2025 Earnings Presentation

18 slides from Alight's earnings presentation, May 8, 2025

1. Slide 1: © 2025 Alight. All rights reserved.

   © 2025 Alight. All rights reserved.

2. Slide 2: © 2025 Alight. All rights reserved.

   © 2025 Alight. All rights reserved.

3. Slide 3: © 2025 Alight. All rights reserved.

   • – • • • • • • • • • © 2025 Alight. All rights reserved.

4. Slide 4: © 2025 Alight. All rights reserved.

   © 2025 Alight. All rights reserved.

5. Slide 5: © 2025 Alight. All rights reserved.

   © 2025 Alight. All rights reserved.

6. Slide 6: © 2025 Alight. All rights reserved.

   • • • • • © 2025 Alight. All rights reserved.

7. Slide 7: © 2025 Alight. All rights reserved.

   • • • • • • © 2025 Alight. All rights reserved.

8. Slide 8: © 2025 Alight. All rights reserved.

   • • • • • © 2025 Alight. All rights reserved.

9. Slide 9: © 2025 Alight. All rights reserved.

   © 2025 Alight. All rights reserved.

10. Slide 10: © 2025 Alight. All rights reserved.

    • • • • © 2025 Alight. All rights reserved.

11. Slide 11: Three Months Ended March 31 Revenue

    Three Months Ended March 31, ($ in millions) 2024 Revenue: Recurring $ 521 Proforma Adjustments 9 Recurring - adjusted 530 Project 38 Total Revenue $ 568 © 2025 Alight. All rights reserved.

12. Slide 12: Gross Profit and Adjusted Gross Profit

    Three Months Ended March 31, 2024 ($ in millions) Gross Profit $ 182 Add: stock-based compensation 5 Add: depreciation and amortization 21 Add: Proforma Adjustments 15 Adjusted Gross Profit $ 223 Gross Profit Margin 32.6% Adjusted Gross Profit Margin 39.3% © 2025 Alight. All rights reserved.

13. Slide 13: Adjusted EBITDA Reconciliation

    Three Months Twelve Months Ended March 31, Ended March 31, (in millions) 2024 2025 Net Income (Loss) From Continuing Operations $ (121) $ (36) Interest expense 31 94 Income tax expense (benefit) (27) 16 Depreciation 26 119 Intangible amortization 71 280 EBITDA From Continuing Operations (20) 473 Sha

14. Slide 14: Non-GAAP Free Cash Flow Reconciliation

    (in millions) Three Months Ended March 31, Non-GAAP Free Cash Flow Reconciliation 2025 2024 Cash provided by operating activities - continuing operations $ 73 $ 92 Proforma Adjustments - 21 Cash provided by operating activities - continuing operations - adjusted 73 $ 113 Capital Expenditures (29) $

15. Slide 15: © 2025 Alight. All rights reserved.

    © 2025 Alight. All rights reserved.

16. Slide 16: © 2025 Alight. All rights reserved.

    © 2025 Alight. All rights reserved.

17. Slide 17: © 2025 Alight. All rights reserved.

    © 2025 Alight. All rights reserved.

18. Slide 18: © 2025 Alight. All rights reserved.

    © 2025 Alight. All rights reserved.

Alight — Q1 2025 Earnings Presentation on 6ix