Slide 1: Form 8-K Foley Trasimene Acquisition Corp.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): April 13, 2021 FOLEY TRASIMENE ACQUISITION CORP. (Exact name of registrant as speci
Slide 2: Item 7.01 Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure Attached as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated into this Item 7.01 by reference, is an Analyst Day presentation being used in connection with the proposed business combination between Foley Trasimene Acquisition Corp. and Tempo Holdi
Slide 3: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. April 13, 2021 Foley Trasimene Acquisition Corp. By: /s/ Michael L. Gravelle Name: Michael L. Gravelle Ti
Slide 4: Alight Analyst Day April 13, 2021
Exhibit 99.1 alight Alight A.nalyst D:oy April 13, 2021
Slide 5: Today's agenda
Today’s Chief Financial agenda Officer 01 02 03Welcome 04 John & Rouleau logistics Vice Alight President, overview Investor & growth Relations strategy Stephan Technology-led Scholl Chief transformation Executive Officer Financial Katieprofile: RooneyRevenue Chief Financial growth, margin Officer ex
Slide 6: Disclaimers
Disclaimers by actual “estimate,” words performance proposed implied may including circumstance complete combination; recognize employees; business, SEC forward-looking qualified and thereto corporation the indirect Alight with also directors statement/prospectus record at be the obtained, any occur
Slide 7: Disclaimers (cont'd.)
Disclaimers deemed regarding definitive solicitation, relating authorization shall jurisdiction. Measures significant presentation Alight’s 4Trasimene’s alight there to operating This the proxy the be inwhich (cont’d.) No audited ofunderstanding with names, persons participants any proposed presenta
Slide 8: Alight overview & growth strategy
Alight overview & growth strategy Stephan Scholl Chief Executive Officer alight
Slide 9: Our transformation: Technology-led outcomes
Our transformation q-D ub Technology-Led Outcomes One Alight organization driven by BPaaS strategy 6 alight
Slide 10: Confluence of factors influencing the future of work
Confluence companies external provider are of factors 70+The updates pandemic influencing passed has the deductibles magnified future of growing the andworkplace accelerated cannotHealthcare retire these trends at alternative Total Sources: Workforce work Alight planning Regulatory Solutions, to exp
Slide 11: Our mission-critical personalized solutions
Our mission-critical personalized securitysolutions and employers enrich benefits employee healthcare well-being, benefits helping & wellness global organizations globally & payroll achieveecosystem a high-performance payroll culture Deliver and Help consumers administer Enable financial Support Per
Slide 12: Alight's BPaaS solutions deliver superior outcomes
Alight’s their Personalization employees BPaaS Automated solutions with an associated deliver and service integrated superior delivery guaranteed employee ROI Data and ROI&engagement outcomes Al BPaaSfor SaaS platform clients technology Our helpBusiness clients 9 manage Processtheir as a total Servi
Slide 13: BPaaS utilization and results
BPaaS Live utilization 15% support with 22%outcomes programs Alight’s $654 of employee 150% for programs solutions: key ROI satisfaction Fortune year savings Alight’s in500 projected navigation household solutions: clients healthcare Software (trending per Alight’s 10 alight and first solutions: tow
Slide 14: What sets us apart
What sets growth, fueled us apart by macro Leading tailwinds providerStrong of endrecurring to end, mission-critical revenues and cashbenefits flowsand with payroll significant solutions margin BPaaS expansion model, potential driven by11unparalleled data and actionable Al Massive installed base and
Slide 15: Alight: a category leader
Alight:by $2.713 clients Subscription -81% A category revenue. revenue $564tyl of 2 Retention (excluding one of the in Fortune human defined impact capital 100as of and prior Hosted management 50%+ year’s business). of the active 30M+ 2020 client 1214% revenue alight revenue 1 Syrs annual 96% compar
Slide 16: One Alight: bringing mission-critical solutions together
One Alight: administration management services (CAS) Bringing HRHealth Source: data mission-critical management administration Company financials && solutions cloud navigation services (December together Health Global 31,2020). One savings payroll Alight& 1 Employer Professional Based reimbursement
Slide 17: BPaaS solutions and financial impact
BPaaS Financial of ’20existing to Q1 solutions wellness ’21 andAlight new 2021 BPaaS 14 Next Currently best offers dollar available withAl anGlobal associated BPaaSpayroll solutions guaranteed leveraging BPaaS ROIhrX solutions TotalAl-driven health coming bundle employer thisFinancial yearinsights H
Slide 18: Across industries, the world's leading brands partner with Alight
Across 20% V Technologies industries, theCardinalHealth world’s leading8)westinghouse brands partner with Consumer Alight&@Retail � 13% Financial PEPs1co Services o,IJ!lnEnergy 8 0 dpdgroup & Industrials THALES Technology, Cffi revenue Media mix &by Telecommunications n�����.Life �af}1
Slide 19: Alight's unparalleled scale
Alight’s over 100+scale countries generates a year unique clients insights in 2020 via$458 unparalleled in total taxes access paid to proprietary and filed in data 2020sets 16 Deliver alight 200M+ Managed 200+ $1298 in total payroll Serve clients in customer interactions implementations for processe
Slide 20: Focused on client relationships and technology transformation
Focused and & Standardization Alembedded capabilities on technology client &2021 automation relationships +transformation Software of services Phase and Al-focused to1: drive Customer Outcome BPaaS-Led solutions engagement & ROIofferings Standardized, Aggregate 17 alight Phase products scalable, 0:
Slide 21: Our HR technology vision
OurHR All Robust technology templates in one place vision & Al-driven, content Intuitive contextual actionable employee messaging insights PowerfulData Streamlined employer and file Flexible integrations transparency administration Seamlessly Bundled experience integrated multi-channel solutions res
Slide 22: Alight Worklife platform and data insights
The industry and to data engagement Alight via insights real-time Worklife Seamless, andAPI platform benchmarking Alight frictionless supports 19 Turnour interactions insights integrated into Single offer action point Analytics Transaction of contact and Al engine to<access Visibility â—„ fullsuite
Slide 23: What's next: upcoming technology releases
What’s Hove year starting you next? chosen inUpcoming 2022 a beneficiary? alight technology 20 loremreleases Ipsum2H20 health1H21 Mobile 2H21 release 1H22New Alight benefits Worklife engine platform R1 Global Web payroll release engine Employer (GPE) tooling R1 Platform alight Extended 1H22 release
Slide 24: Our dedicated commercial culture
Our commercial dedicated culture �to21 top 250 strategy clients is focused, eC]� Dedicated bringing One newAlight logo team to our cy> clients Capture r:J. Added the -$1.3B 30%cross-sell more salesopportunity and support byroles bringing in 1 together H21, including multiple inside BPaaS sales p
Slide 25: Case study: BPaaS
CASE STUDY acquisitions Strong behavior competition to boost in 5BPaaS: years; preventative for talent client Globalshifting faced care medical uptake, pressure workforce technology reducing to stabilize demographics company long-term or reduce Situation and costs medical expectations and Alight imp
Slide 26: One personalized end-to-end ecosystem
One personalized administration EMPOWER ... VOY� Alight: Towers The bswift’ benefits payroll onlyWillis H�Q�.i;; + end-to-end payroll + the Watson healthcare & deployment integrated TAM Rl:TIREMENT ecosystem -$8.8B platform �-$9.0B eHealth =�= � One -$8.3B andAlight >Accolade ——— wellnes
Slide 27: Experienced team with track record of technology-led transformation
Experienced Chief Technology Resources Executive Officer Officer teamOfficer with 24ED alight track Auriemma Katierecord Rooney Chief of technology-led Chief Operations Financial Officer transformation Officer Cesar Cathinka Jelvez Stephan Wahlstrom ChiefScholl Customer President Experience & Chief
Slide 28: Financial profile
Financial profile Katie Rooney alight Chief Financial Officer 25
Slide 29: Financial profile highlights
Long-term Established deals4 fragmented Source: 5revenue. twelve Adjusted Bookings month Company 3 embedded pool platform Recurring EBITDA Lender of byfinancials acquisition 2023 with Run contracts does revenue Employer upside Rate not (December targets Highly Adjusted include defined from solutions
Slide 30: Recurring revenue growth
Expected $368 services business). structure. $284 Source: ramp 27 2..Excludes alight . 141 inCompany recurring $198 Hosted • : r.i financials and$2,230 business BPaaS$2,509 (December (expected revenue $1,830 to31, todrive be $2,051 2020). -1% growth of $2,075 1 Recurring total %recurring $1,635 reve
Slide 31: Multiple levers to drive top-line growth
Webundled on and segments have -2.SM+ multiple and over participants geographies $60B levers and to equates and just driveNext -6% to top-line $130M share Best growth Dollar ininM&A revenue Al One and 1 Based Alight insuccessful the an mid-market New soldintegrations logos BPaaS M&A equates bundles.
Slide 32: BPaaS ARR and bookings economics
BPaaSARR: $1.2M Services Note: 16% drives Current Annual Future add-on Future $2.4M Recurring purchases Services 24%Revenue, 150% and Current higher ARRBSR: Future value (Payroll) Benefit Services per customer Direct Smart Current margin Routing; BPaaS Future %bookings Offer ROI Benefits Guarantee C
Slide 33: BPaaS revenue mix and bookings
Significant $41M Prospecting $13Mupside Sale/Signi Q1’2020 as BPaaS Q1’2021 ng Implementation becomes TCV of a greater total % bookings BPaaS portion revenue’ of $327M mix ——- BPaaS $2 84M Current: revenue Q1’2020 12-18 2017-2023E Q1’2021 months—- BPaaS TCV- 3% ofwill BPaaS 23%accelerate 0%-fi booki
Slide 34: Revenue and margin expansion investments
Revenue 2021E investments Covid through reflected impact: New standardized, on benefits, aBPaaS ($38M)1 year-over-year Covid cost Optimus& impact Sa pre-configured reductions Launch on basis. 2023E revenue ofsupport 1cloud Excludes next impact ($95M) platforms margin -efficiencies operating $SM Sb e
Slide 35: Adjusted EBITDA and margins
Recurring21% EBITDA non-GAAP revenue (December 24%model 23%reconciliation. 21% supports 22%strong 22%31,24% EBITDA 2020) margin1 . 12021-2023 growth Technology Sustained Adjusted and steady commercial EBITDA EBITDA and investments Adjusted and margins EBITDA drive ($M, operating %) margin $768levera
Slide 36: $7.3 billion from PIPE and sources and uses
$7.3 billion from PIPE shareholders 1Assumes public, earnout Cannae Uses million shares no Shares Foley Cash and redemptions. combination FPA $1SOM Trasimene to toand sponsor balance PIPE from Shore (50% Debt transaction sheet private FNF) count eorned paydown 360 shares 1,550 28.8% includes strengt
Slide 37: Pro forma capital structure and deleveraging
Pro forma flow APPEARS SPAC enables transaction capital HERE] continued structure and Proour forma investments trailing provides $, intwelve millions in significant organic month 1,976 growth deleveraging Lender [GRAPHIC and Runstrategic Rate and APPEARS additional Adjusted M&A HERE] Reviewing EBITD
Slide 38: Case study: healthcare navigation and M&A success
CASE healthcare ~$3B in Higher incremental TAM STUDY engagement, navigation: andcross-sell M&A: -20%more CAGR High-tech Driving sales1 touchpoints Success success of+the high-touch Compass in Better inintegrating healthcare employee Enhanced solution solutions navigation experience to Alight’s 30 an
Slide 39: Our thoughts to leave you with today
Fourstrong addition Our thoughts of balance newwesegments, want sheettoand leave products new you public and withgeographies currency today 1 Our will will cloud-based enable unlock us profitable totechnology, accelerate growth our recurring evolution 3 Ourrevenue strategy 36 model, is driving andim
Slide 40: Q&A
Q&A 37 alight
Slide 41: Appendix
Appendix 38 alight
Slide 42: Financial summary
Financial 2,509 165 11.4% BPaaSrevenue 230 Project 2.4% 260 summary 7.0% 262 302 2,243 273 284 11.2% Summary 2,290 287 271Plus: Professional 237 2,394 revenue Hosted 245 2,394 238build revenue services 2,397 240 2017-2023E Employer 2,436 222 141 184 198 2,492 solutions 167 284 ($M) Total 72 368Histo
Slide 43: Financial summary (cont'd.)
Financial 2,760 38.7% Adjusted Plus: $421 initiatives, $490 Hosted 2,945 Plus: EBIT summary restructuring $506 3,235 Hosted EBITDA 527 $450 Employer (cont’d.) 528 44$465 244 and 473 56336 $493 (6) other. 488 Key solutions 31 (10) 518 $607 financial 02(6) Projected 0636 Total 756 Source: (10) margin%
Slide 44: Reconciliation of Adjusted EBITDA
Reconciliation Depreciation (pre-restructuring) SEC related separation long term Adjustment to third-party incentives, from Intangible ofAon Adjusted historical $391 4consulting, M&A Costs amortization $447 EBITDA adjusted and related $524 other financing $436 36 to EBITDA ($103) activities the 16;
Slide 45: Reconciliation of income and Adjusted EBITDA
Reconciliation Income compensation men being moving Advisor incremental transaction. rates debt alighttand would replaced _ tax _to Costs hedges, [Adjusted the expense 2result costs program Cloud Real of under Reflects excluding projected relating inEstate Intangible EBITDA aSeverance, new ~$3M will
Slide 46: Thank you
Thank you