Dun & Bradstreet Holdings Inc.
Dun & Bradstreet — Q2 2024 Earnings Presentation
13 slides from Dun & Bradstreet's earnings presentation, Aug 1, 2024
Slide 1: Second Quarter 2024 Financial Results
Restricted Confidential August 1, 2024 Second Quarter 2024 Financial Results
Slide 2: Disclaimer
Restricted Confidential Disclaimer This presentation contains statements that are not purely historical but are forward-looking statements, including statements regarding expectations, hopes, intentions or strategies regarding the future. Forward-looking statements are based on Dun & Bradstreet’s ma
Slide 3: Financial Highlights (GAAP)
Restricted Confidential Financial Highlights (GAAP) Metrics Second Quarter 2024 Revenue $576.2 million, +3.9% (+4.2% constant currency) Net income (loss) $(16.4) million vs. $(19.4) million Q2’23 Diluted earnings (loss) per share $(0.04) 1
Slide 4: Financial Highlights (Non-GAAP)
Restricted Confidential Financial Highlights (Non-GAAP) Metrics Second Quarter 2024 Revenue $576.2 million, +3.9% (+4.2% constant currency) Organic revenue growth +4.3% Adjusted EBITDA $217.9 million, +5.7% Adjusted EBITDA Margin 37.8% Adjusted net income $99.1 million Adjusted diluted earnings per
Slide 5: North America – Q2 Second Quarter Highlights
Restricted Confidential 181.0 188.6 210.6 216.0 Q2 2023 Q2 2024 +3% +3% +3% +3% +4% +4% • Organic revenue grew 3.4% • Finance & Risk revenues increased 3% due to a net increase in revenue across our Third Party Risk, Supply Chain Management and Finance Solutions, partially offset by decreased revenu
Slide 6: International – Q2 Second Quarter Highlights
Restricted Confidential 55.3 55.1 107.8 116.5 Q2 2023 Q2 2024 +5% +6% +8% +9% <(1)% +1% • Organic revenue grew 6.4% • Finance & Risk solutions remain in high demand with 9% BFX growth, including 24% growth across Risk and Compliance offerings • Sales & Marketing grew 1% BFX growth, 2% on an organic
Slide 7: Debt Summary
Restricted Confidential Debt Summary ($ in millions) June 30, 2024 Maturity Interest Rate Cash $263 Revolving Facility ($850.0) (1)(2)(3) $120 2029 SOFR + 250 bps Term Loan Facility (1)(4) $3,096 2029 SOFR + 275 bps Unsecured Notes (1) $460 2029 5.00% Total Debt (1) $3,676 Net Debt (1) $3,412 Net De
Slide 8: Full Year 2024 Financial Guidance
Restricted Confidential Full Year 2024 Financial Guidance Financial Metrics Prior 2024 Guidance Updated 2024 Guidance Total Revenue $2,400 million to $2,440 million Low end of prior guidance range Organic revenue growth 4.1% to 5.1% Low end of prior guidance range Adjusted EBITDA $930 million to $95
Slide 9: Appendix
Restricted Confidential Appendix
Slide 10: Non-GAAP Financial Measures
Restricted Confidential Non-GAAP Financial Measures In addition to reporting GAAP results, we evaluate performance and report our results on the non-GAAP financial measures discussed below. We believe that the presentation of these non-GAAP measures provides useful information to investors and ratin
Slide 11: Non-GAAP Financial Measures (Continued)
Restricted Confidential Non-GAAP Financial Measures (Continued) Adjusted Net Income We define adjusted net income as net income (loss) attributable to Dun & Bradstreet Holdings, Inc. adjusted for the following items: • incremental amortization resulting from the application of purchase accounting. W
Slide 12: Non-GAAP Reconciliation: Adjusted EBITDA
Restricted Confidential Non-GAAP Reconciliation: Adjusted EBITDA (Amounts in millions) Three Months Ended June 30 2024 2023 Net income (loss) attributable to Dun & Bradstreet Holdings, Inc. $(16.4) $(19.4) Depreciation and amortization 141.3 145.0 Interest expense - net 57.8 55.0 (Benefit) provision
Slide 13: Non-GAAP Reconciliation: Adjusted Net Income
Restricted Confidential Non-GAAP Reconciliation: Adjusted Net Income (Amounts in millions, except per share data) Three Months Ended June 30 2024 2023 Net income (loss) attributable to Dun & Bradstreet Holdings, Inc. $(16.4) $(19.4) Incremental amortization of intangible assets resulting from the ap
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