PART I. FINANCIAL INFORMATION [Item 1. Condensed Consolidated Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(unaudited)) The unaudited financial statements detail the company's financial position, operations, and cash flows as of September 30, 2021 [Condensed Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) The financial statements show significant growth in assets and liabilities, primarily due to acquisitions and debt issuance Condensed Consolidated Balance Sheet Highlights (in millions) | Account | Sep 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$9,001.5** | **$6,701.3** | | Cash and equivalents | $378.8 | $188.2 | | Customer funds | $5,380.3 | $3,759.4 | | Goodwill | $2,318.1 | $2,031.8 | | **Total Liabilities** | **$6,779.7** | **$4,603.1** | | Customer funds obligations | $5,345.5 | $3,697.8 | | Long-term debt, less current portion | $1,121.8 | $660.6 | | **Total Stockholders' Equity** | **$2,221.8** | **$2,098.2** | Condensed Consolidated Statements of Operations Highlights (in millions, except per share data) | Metric | Q3 2021 | Q3 2020 | 9 Months 2021 | 9 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Total revenue | $257.2 | $204.4 | $742.1 | $619.7 | | Gross profit | $93.1 | $76.7 | $278.4 | $255.8 | | Operating (loss) profit | $(16.0) | $(0.6) | $(38.1) | $29.7 | | Net (loss) income | $(20.9) | $(0.8) | $(65.9) | $13.3 | | Diluted EPS | $(0.14) | $(0.01) | $(0.44) | $0.09 | Condensed Consolidated Statements of Cash Flows Highlights (Nine Months Ended, in millions) | Cash Flow Activity | Sep 30, 2021 | Sep 30, 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $48.9 | $47.3 | | Net cash (used in) provided by investing activities | $(510.5) | $176.3 | | Net cash provided by (used in) financing activities | $2,214.4 | $(244.1) | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail key events including a major debt issuance, two acquisitions, revenue disaggregation, and share-based compensation - In March 2021, the company issued **$575.0 million** in 0.25% Convertible Senior Notes due 2026, with net proceeds of **$561.8 million** after costs[32](index=32&type=chunk)[64](index=64&type=chunk) - The company completed two key acquisitions in 2021: Ascender HCM Pty Ltd for **$359.6 million** on March 1, and O5 Systems, Inc (Ideal) for **$41.4 million** on April 30[39](index=39&type=chunk)[42](index=42&type=chunk) - As of September 30, 2021, the company had approximately **$1,026.4 million** in remaining performance obligations, representing contracted revenue expected to be recognized over the next three years[103](index=103&type=chunk) Disaggregation of Revenue (Nine Months Ended Sep 30, in millions) | Revenue Source | 2021 | 2020 | | :--- | :--- | :--- | | **Total Cloud Revenue** | **$631.7** | **$535.5** | | - Dayforce | $569.4 | $478.1 | | - Powerpay | $62.3 | $57.4 | | **Total Bureau Revenue** | **$110.4** | **$84.2** | | **Total Revenue** | **$742.1** | **$619.7** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses company performance, focusing on Dayforce platform growth, COVID-19 impacts, operational results, and liquidity [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Revenue grew 25.8% in Q3 2021, driven by Cloud services, though operating loss widened due to higher growth-related expenses - The COVID-19 pandemic's impact from lower employment levels at customers was estimated to be a **$3.5 million revenue reduction** in Q3 2021[144](index=144&type=chunk) - Float revenue decreased to **$9.9 million** in Q3 2021 from $10.6 million in Q3 2020, as the average yield declined by 36 basis points to 1.16%, despite a 25.0% increase in the average float balance[148](index=148&type=chunk) - Cloud recurring gross margin improved to **72.7%** in Q3 2021 from 70.4% in Q3 2020, driven by economies of scale as the proportion of Dayforce customers live for more than two years increased to 80% from 74%[155](index=155&type=chunk) Q3 2021 vs. Q3 2020 Performance (in millions) | Metric | Q3 2021 | Q3 2020 | % Change | | :--- | :--- | :--- | :--- | | Total Revenue | $257.2 | $204.4 | 25.8% | | Cloud Revenue | $219.6 | $176.7 | 24.3% | | Gross Profit | $93.1 | $76.7 | 21.4% | | Operating Loss | $(16.0) | $(0.6) | (2566.7)% | | Net Loss | $(20.9) | $(0.8) | (2512.5)% | | Adjusted EBITDA | $39.4 | $33.2 | 18.7% | [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity was significantly bolstered by a $575.0 million convertible notes issuance, ensuring sufficient capital - As of September 30, 2021, the company had cash and equivalents of **$378.8 million** and total debt of **$1,244.5 million**[185](index=185&type=chunk) - In March 2021, the company raised **$561.8 million** in net proceeds from a convertible senior notes offering, using part of the funds to repay $295.0 million under its Revolving Credit Facility[186](index=186&type=chunk) - For the nine months ended September 30, 2021, net cash from operating activities (excluding customer funds) was **$48.9 million**, while net cash used in investing activities was **$438.1 million**, primarily for acquisitions ($392.4 million) and capital expenditures ($45.7 million)[195](index=195&type=chunk)[198](index=198&type=chunk) [Non-GAAP Measures](index=41&type=section&id=Non-GAAP%20Measures) This section reconciles GAAP net loss to the non-GAAP measure of Adjusted EBITDA, which was $39.4 million for Q3 2021 Reconciliation of Net (Loss) Income to Adjusted EBITDA (in millions) | Line Item | Q3 2021 | Q3 2020 | 9 Months 2021 | 9 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | **Net (loss) income** | **$(20.9)** | **$(0.8)** | **$(65.9)** | **$13.3** | | Interest expense, net | $10.0 | $5.9 | $25.5 | $19.4 | | Income tax benefit | $(8.5) | $(5.5) | $(13.9) | $(5.7) | | Depreciation and amortization | $21.0 | $13.0 | $59.3 | $36.9 | | Share-based compensation | $31.0 | $19.3 | $85.9 | $48.5 | | Other adjustments | $5.8 | $1.3 | $24.9 | $13.5 | | **Adjusted EBITDA** | **$39.4** | **$33.2** | **$123.8** | **$125.9** | | **Adjusted EBITDA Margin** | **15.3%** | **16.2%** | **16.7%** | **20.3%** | [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=45&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risks include foreign currency exchange rates, interest rate fluctuations, and pension obligations - The company's primary market risks are related to foreign currency exchange rates (especially Canadian Dollar), interest rates, and pension obligations[219](index=219&type=chunk) - A **100 basis point increase** in market investment rates would increase annual float revenue by approximately **$22 million**[222](index=222&type=chunk) - A **100 basis point increase** in LIBOR rates would increase annual interest expense by approximately **$7 million**[225](index=225&type=chunk) [Item 4. Controls and Procedures](index=46&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were **effective** as of September 30, 2021[228](index=228&type=chunk) - **No material changes** were made to the company's internal controls over financial reporting during the third quarter of 2021[229](index=229&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=47&type=section&id=Item%201.%20Legal%20Proceedings) The company faces a proposed class action lawsuit in Canada, but management believes the likelihood of a material loss is remote - A proposed class action lawsuit was filed against the company and certain officers and directors in Ontario, Canada, on October 21, 2021, concerning disclosures made in 2018[231](index=231&type=chunk) - Management believes that the likelihood of a material loss arising from this new legal claim is **remote**[232](index=232&type=chunk) [Item 1A. Risk Factors](index=47&type=section&id=Item%201A.%20Risk%20Factors) New risk factors relate to the March 2021 issuance of Convertible Senior Notes, including accounting impacts and potential dilution - There are no material changes to risk factors from the 2020 Form 10-K, except for new risks related to the **Convertible Senior Notes** and Capped Calls issued in March 2021[233](index=233&type=chunk) - The accounting method for the Convertible Notes could **adversely affect reported financial results** by increasing non-cash interest expense, though a future accounting standard update (ASU 2020-06) is expected to mitigate this[234](index=234&type=chunk)[235](index=235&type=chunk) - The company is subject to **counterparty risk**, meaning the financial institutions for the Capped Call transactions could default on their obligations, potentially leading to greater stock dilution[244](index=244&type=chunk) [Other Items (Items 2, 3, 4, 5, 6)](index=49&type=section&id=Other%20Items) This section confirms no unregistered equity sales, defaults, or other material events occurred during the quarter - The company reported **no unregistered sales** of equity securities, defaults upon senior securities, or other material information for the period[250](index=250&type=chunk)[251](index=251&type=chunk)[253](index=253&type=chunk) - Mine safety disclosures are **not applicable** to the company[252](index=252&type=chunk)

Ceridian HCM Holding, Inc. (CDAY) Q2 2021 Results Earnings Conference Call August 4, 2021 5:00 PM ET Company Participants Jeremy Johnson - VP, Finance & IR David Ossip - Chairman & CEO Noemie Heuland - EVP & CFO Erik Zimmer - EVP, Head of Mergers & Acquisitions Conference Call Participants Siti Panigrahi - Mizuho Jared Levine - Cowen Daniel Jester - Citi Mark Marcon - Baird Matt Coss - JPMorgan Michael Turrin - Wells Fargo Brad Clark - BMO Matthew Pfau - William Blair Samad Samana - Jefferies Alex Zukin - W ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended June 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38467 Ceridian HCM Holding Inc. (Exact name of registrant as specified in its charter) Delaware 46-3231686 (State or Other Jurisdicti ...

Ceridian HCM Holding, Inc. (CDAY) Q1 2021 Earnings Conference Call May 5, 2021 5:00 PM ET Company Participants Jeremy Johnson - VP, Finance & IR David Ossip - Chairman & CEO Noemie Heuland - EVP & CFO Conference Call Participants Jared Levine - Cowen and Company Sitikantha Panigrahi - Mizuho Securities Daniel Jester - Citigroup Mark Marcon - Robert W. Baird & Co. Matthew Coss - JPMorgan Chase & Co. Samad Samana - Jefferies Christopher Merwin - Goldman Sachs Group Scott Berg - Needham & Company Alex Zukin - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended March 31, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38467 Ceridian HCM Holding Inc. (Exact name of registrant as specified in its charter) Delaware 46-3231686 (State or Other Jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38467 Ceridian HCM Holding Inc. (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue results above the high-end of guidance, with Dayforce recurring revenue excluding float revenue growing by more than 19% despite elevated COVID-19 headwinds [9][10] - Cloud recurring gross margin increased by 210 basis points to 70.9%, and excluding float revenue, it expanded by 380 basis points [10][11] - The adjusted EBITDA guidance was met while accelerating investments in product, technology, and sales and marketing [9] Business Line Data and Key Metrics Changes - Dayforce Wallet adoption is strong, with over 100 customers using it and 375 signed up in total, maintaining an attach rate of about 80% on new sales [12][13] - Customers using the Wallet experienced a 5% increase in recruiting close rates, a 9% reduction in time to fill open positions, and 42% lower voluntary turnover among employees using the Wallet [13] Market Data and Key Metrics Changes - The sales pipeline remains strong, with expectations that Dayforce recurring revenue growth rates will return to pre-COVID-19 levels above 25% by the second half of 2021 [11][12] - The acquisition of Ascender is expected to enhance the company's position in the APJ region, serving over 1,500 customers and 2.5 million employees, thus providing significant cross-sell opportunities for Dayforce [14] Company Strategy and Development Direction - The company is focused on expanding its global footprint, particularly in the APJ region, and is optimistic about international growth opportunities following recent acquisitions [14][30] - Investments are being made in product capabilities and sales and marketing to support future growth, with a focus on addressing global opportunities [56][57] Management's Comments on Operating Environment and Future Outlook - Management noted that the second wave of COVID-19 impacted sales cycles, but they remain optimistic about recovery in the second half of 2021 as employment levels improve [11][21] - The company expects to see a recovery in sales and revenue growth as the economic environment stabilizes, particularly in the U.S. [71][100] Other Important Information - The company is not charging employees any fees for the use of the Wallet, differentiating it from competitors [48][83] - The company anticipates that the impact of COVID-19 will continue to affect certain business lines, particularly PowerPay, which is under more pressure than Dayforce [100] Q&A Session Summary Question: Impact of sales in this quarter and spillover into January - Management confirmed that several large accounts closed in early January instead of December, leading to a strong sales performance in January [19][21] Question: Opportunities in digitizing HCM processes - Management acknowledged an increase in large enterprise opportunities but could not definitively state if it was due to more opportunities or their increased relevance in the market [22][24] Question: Guidance assumptions regarding unemployment rates - Management indicated that about 25% of sales come from add-ons to the base, with the majority of growth expected from acquiring new customers [27] Question: International expansion and revenue contribution - Management expressed optimism about global opportunities, particularly in APJ, and noted the positive impact of recent acquisitions on win rates [30][31] Question: Return to pre-COVID growth levels - Management refrained from providing specific growth targets but indicated that recovery in employment levels would influence growth rates in the second half of 2021 [34] Question: Ascender acquisition strategy - Management highlighted the importance of Ascender's local expertise and customer base in enhancing their position in the APJ region [62][64] Question: Pricing environment and competitive dynamics - Management stated that pricing remained stable in 2020 compared to 2019, with more flexible contract terms offered due to COVID-19 [95] Question: PowerPay's growth trajectory - Management indicated that PowerPay would face more pressure than Dayforce due to its focus on small businesses in Canada, which are still under lockdown [100]

Ceridian HCM Holding, Inc. (CDAY) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants Jeremy Johnson - Vice President, Finance & Investor Relations David Ossip - Chairman & Chief Executive Officer Noemie Heuland - Chief Financial Officer Conference Call Participants Matt Coss - JPMorgan Siti Panigrahi - Mizuho Dan Jester - Citi Michael Turrin - Wells Fargo Samad Samana - Jefferies Bryan Bergin - Cowen & Company Mark Marcon - Baird Raimo Lenschow - Barclays Matthew Pfau - Willia ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended September 30, 2020 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38467 Ceridian HCM Holding Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorpora ...

Financial Data and Key Metrics Changes - Ceridian reported a strong quarter with Dayforce recurring revenue ex float growing by 24.2% on a constant-currency basis [6] - Cloud recurring services gross margin increased by 140 basis points to 70.7%, and excluding float revenue, it expanded by 360 basis points [6] Business Line Data and Key Metrics Changes - Sales in the second quarter increased year over year, marking the best second quarter in the company's history [7] - The incremental revenue per new client increased by 68% in the quarter [12] Market Data and Key Metrics Changes - The company has seen a significant increase in attendance at virtual summits, doubling year over year [14] Company Strategy and Development Direction - The launch of Dayforce Wallet is progressing well, with over 40 customers piloting the product and more than 100 ready for implementation [7] - The company is confident in achieving record sales in the third quarter, aligning with pre-COVID-19 growth targets [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while there were initial delays due to COVID-19, they are confident in the implementation pace and the ability to get customers live [21] - Retention rates have remained stable, with no material negative changes observed [22] Other Important Information - The company emphasized the importance of digital marketing, which has positively impacted their sales pipeline and momentum [15] Q&A Session Summary Question: Expectations for net new additions and customer size - Management indicated that the incremental revenue per new client has increased significantly, and they expect the trend to continue [12][13] Question: Competitive landscape and market commentary - Management expressed confidence in their competitive position and noted an acceleration in sales pipeline momentum [14][15] Question: Implementation pace and client behavior changes - Management reported that clients continue to go live, and while there were initial distractions due to COVID-19, they are optimistic about future implementations [20][21] Question: Retention rates and changes - Management confirmed that retention has been very sticky, with no notable changes in enterprise departures [22]