[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for the three months ended March 31, 2021, and comparative periods, including the impact of the Bisnode acquisition and a retrospective accounting change [Note 3 -- Revenue](index=9&type=section&id=Note%203%20--%20Revenue) As of March 31, 2021, the company had **$2,357.8 million** in future revenue allocated to unsatisfied performance obligations, with deferred revenue increasing by **$155.0 million** during the quarter Future Revenue from Unsatisfied Performance Obligations (as of March 31, 2021) | Period | Amount (in millions) | | :--- | :--- | | Remainder of 2021 | $1,003.3 | | 2022 | $583.7 | | 2023 | $315.6 | | 2024 | $125.7 | | 2025 | $94.1 | | Thereafter | $235.4 | | **Total** | **$2,357.8** | - The deferred revenue balance increased by **$155.0 million** from December 31, 2020, to March 31, 2021, mainly due to advance cash payments and the Bisnode acquisition, offset by the recognition of **$219.4 million** in revenue that was previously deferred[26](index=26&type=chunk) [Note 5 -- Notes Payable and Indebtedness](index=11&type=section&id=Note%205%20--%20Notes%20Payable%20and%20Indebtedness) As of March 31, 2021, total debt stood at **$3,674.0 million** with a carrying value of **$3,576.1 million**, following a term loan amendment and a **$300 million** incremental term loan draw for the Bisnode acquisition Total Debt Summary (as of March 31, 2021) | Debt Instrument | Principal Amount (in millions) | Carrying Value (in millions) | | :--- | :--- | :--- | | New Term Loan Facility | $2,804.0 | $2,727.9 | | 6.875% New Senior Secured Notes | $420.0 | $412.2 | | 10.250% New Senior Unsecured Notes | $450.0 | $436.0 | | **Total Debt** | **$3,674.0** | **$3,576.1** | - In January 2021, the company amended its credit agreement to reduce the applicable margin for the term loan facility by **0.50%** to LIBOR plus **3.25%**[44](index=44&type=chunk) - Proceeds from a **$300 million** Incremental Term Loan, established in November 2020, were drawn in January 2021 to help finance the acquisition of Bisnode[43](index=43&type=chunk) [Note 14 -- Acquisitions](index=24&type=section&id=Note%2014%20--%20Acquisitions) On January 8, 2021, the company acquired Bisnode for **$805.8 million**, comprising **$646.9 million** in cash and **$158.9 million** in common stock, adding significant intangible assets and goodwill - The acquisition of Bisnode was completed on January 8, 2021, for a total consideration of **$805.8 million**, comprising **$646.9 million** in cash and **6,237,087 shares** of common stock valued at **$158.9 million**[106](index=106&type=chunk) Bisnode Initial Purchase Price Allocation Highlights | Assets Acquired / Liabilities Assumed | Fair Value (in millions) | | :--- | :--- | | **Intangible assets (Reacquired right)** | $271.0 | | **Intangible assets (Database)** | $116.0 | | **Intangible assets (Customer relationships)** | $106.0 | | **Goodwill** | $488.4 | | **Total assets acquired** | $1,185.8 | | **Total liabilities assumed** | $380.0 | [Note 16 -- Segment Information](index=28&type=section&id=Note%2016%20--%20Segment%20Information) For Q1 2021, North America revenue was **$339.4 million**, while International revenue grew significantly to **$169.9 million** due to the Bisnode acquisition, contributing to a consolidated Adjusted EBITDA of **$185.6 million** Revenue by Segment (Q1 2021 vs Q1 2020) | Segment | Q1 2021 Revenue (in millions) | Q1 2020 Revenue (in millions) | | :--- | :--- | :--- | | North America | $339.4 | $341.5 | | International | $169.9 | $71.6 | | Corporate and other | $(4.8) | $(17.4) | | **Consolidated total** | **$504.5** | **$395.7** | Adjusted EBITDA by Segment (Q1 2021 vs Q1 2020) | Segment | Q1 2021 Adjusted EBITDA (in millions) | Q1 2020 Adjusted EBITDA (in millions) | | :--- | :--- | :--- | | North America | $151.0 | $144.5 | | International | $51.5 | $24.0 | | Corporate and other | $(16.9) | $(33.4) | | **Consolidated total** | **$185.6** | **$135.1** | Condensed Consolidated Statement of Operations (Q1 2021 vs Q1 2020) | Metric | Three months ended March 31, 2021 (in millions) | Three months ended March 31, 2020 (in millions) | | :--- | :--- | :--- | | **Revenue** | $504.5 | $395.7 | | **Operating income (loss)** | $8.3 | $(7.2) | | **Net income (loss) attributable to Dun & Bradstreet** | $(25.0) | $41.9 | | **Diluted earnings (loss) per share** | $(0.06) | $0.13 | Condensed Consolidated Balance Sheet Highlights | Metric | March 31, 2021 (in millions) | December 31, 2020 (in millions) | | :--- | :--- | :--- | | **Cash and cash equivalents** | $173.4 | $352.3 | | **Goodwill** | $3,318.2 | $2,857.9 | | **Total assets** | $9,924.9 | $9,220.3 | | **Total long-term debt** | $3,548.0 | $3,255.8 | | **Total liabilities** | $6,246.7 | $5,636.4 | | **Total equity** | $3,678.2 | $3,583.9 | Condensed Consolidated Statement of Cash Flows (Q1 2021 vs Q1 2020) | Cash Flow Activity | Three months ended March 31, 2021 (in millions) | Three months ended March 31, 2020 (in millions) | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $168.2 | $5.1 | | **Net cash used in investing activities** | $(637.9) | $(34.0) | | **Net cash provided by financing activities** | $290.1 | $103.9 | - On January 8, 2021, the company acquired **100%** ownership of Bisnode Business Information Group AB for a total purchase price of **$805.8 million**, with Bisnode's financial results included in the International segment since the acquisition date[16](index=16&type=chunk) - Effective January 1, 2021, the company eliminated the one-month reporting lag for its international subsidiaries, applying this accounting policy change retrospectively to all periods presented, resulting in recasted financial statements for 2020[17](index=17&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (Unaudited)](index=33&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%20(Unaudited)) Management discusses the company's Q1 2021 financial performance, highlighting a **28%** increase in total revenue driven by the Bisnode acquisition, and a **37%** growth in Adjusted EBITDA to **$185.6 million** [Results of Operations](index=40&type=section&id=Results%20of%20Operations) In Q1 2021, the company reported an operating income of **$8.3 million**, an improvement from a prior-year loss, though net loss attributable to the company was **$25.0 million** due to non-recurring gains and tax benefits in Q1 2020, while Adjusted net income increased **98%** to **$97.8 million** Revenue by Segment and Solution (Q1 2021 vs Q1 2020) | Segment / Solution | Q1 2021 Revenue (in millions) | Q1 2020 Revenue (in millions) | % Change | | :--- | :--- | :--- | :--- | | **North America** | **$339.4** | **$341.5** | **(1)%** | | - Finance & Risk | $190.5 | $192.8 | (1)% | | - Sales & Marketing | $148.9 | $148.7 | 0% | | **International** | **$169.9** | **$71.6** | **137%** | | - Finance & Risk | $107.4 | $58.6 | 83% | | - Sales & Marketing | $62.5 | $13.0 | 382% | | **Total Revenue** | **$504.5** | **$395.7** | **28%** | - Operating expenses increased **16%** to **$160.9 million**, and selling and administrative expenses increased **44%** to **$179.8 million**, both primarily due to costs from the newly acquired Bisnode business[210](index=210&type=chunk)[211](index=211&type=chunk) - Interest expense decreased by **$34.1 million (41%)** due to lower interest rates from Term Loan repricing and a lower overall debt balance compared to the prior year[223](index=223&type=chunk) [Liquidity and Capital Resources](index=48&type=section&id=Liquidity%20and%20Capital%20Resources) The company's primary liquidity sources are cash from operations and its revolving credit facility, with **$173.4 million** in cash and cash equivalents as of March 31, 2021, and the Bisnode acquisition funded by cash, stock, and a **$300 million** incremental term loan draw, supplemented by a **$98.4 million** CARES Act refund - As of March 31, 2021, the company held **$173.4 million** in cash and cash equivalents, with **$161.7 million** held by foreign operations[240](index=240&type=chunk) - The company utilized relief opportunities from the CARES Act, resulting in a net income tax cash benefit of approximately **$98.4 million**, of which **$66.2 million** was received in January 2021[239](index=239&type=chunk) - The company's credit ratings were upgraded by S&P, Moody's, and Fitch in mid-2020 following steps to reduce debt and leverage[235](index=235&type=chunk) - Total revenue for Q1 2021 increased by **$108.8 million**, or **28% (27%** before foreign exchange effects), compared to Q1 2020, primarily driven by the net impact of the Bisnode acquisition, which contributed **$87.7 million** in net revenue[198](index=198&type=chunk) - Consolidated adjusted EBITDA for Q1 2021 increased by **$50.5 million**, or **37%**, to **$185.6 million**, with the adjusted EBITDA margin improving by **240 basis points** to **36.5%**, largely due to the Bisnode acquisition and lower purchase accounting deferred revenue adjustments[218](index=218&type=chunk) - Operating cash flow increased significantly to **$168.2 million** in Q1 2021 from **$5.1 million** in Q1 2020, driven by a **$66 million** net tax refund from the CARES Act, lower interest payments, and lower bonus payments[243](index=243&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=51&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section states that there have been no material changes in the company's market risks since its last Annual Report on Form 10-K, with primary risks remaining related to currency exchange rates, investment market values, and interest rates on borrowings - As of March 31, 2021, no material change had occurred in the company's market risks compared to the disclosure in its Annual Report on Form 10-K filed on February 25, 2021[251](index=251&type=chunk) [Item 4. Controls and Procedures](index=51&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2021, excluding the recently acquired Bisnode from the assessment of internal control over financial reporting - The CEO and CFO concluded that as of March 31, 2021, the company's disclosure controls and procedures were effective at a reasonable assurance level[255](index=255&type=chunk) - Management excluded the recently acquired Bisnode from its assessment of internal control over financial reporting as of March 31, 2021[255](index=255&type=chunk) [PART II. OTHER INFORMATION](index=51&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=52&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 7 of the financial statements, detailing ongoing legal matters, including an FTC investigation into credit managing and monitoring products - Information regarding legal proceedings is incorporated by reference from Note 7 — Contingencies in Part I of the report[258](index=258&type=chunk) [Item 1A. Risk Factors](index=52&type=section&id=Item%201A.%20Risk%20Factors) The company reports that there have been no material changes to its risk factors since the filing of its Annual Report on Form 10-K on February 25, 2021 - There have been no material changes in risk factors since the filing of the Annual Report on Form 10-K[259](index=259&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=52&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) On January 8, 2021, the company issued **6,237,087 shares** of common stock in a private placement, valued at **$158.9 million**, as partial consideration for the Bisnode acquisition - On January 8, 2021, the company issued **6,237,087 shares** of common stock in a private placement to partially fund the acquisition of Bisnode, valued at **$158.9 million**[260](index=260&type=chunk) [Other Items (Items 3, 4, 5, 6)](index=52&type=section&id=Other%20Items%20(Items%203,%204,%205,%206)) This section confirms no defaults on senior securities, no applicable mine safety disclosures, and no other material information to report under Item 5, with Item 6 listing filed exhibits - The company reports no defaults on senior securities, no mine safety disclosures, and no other material information for the period[261](index=261&type=chunk)

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 Commission file number 1-39361 Dun & Bradstreet Holdings, Inc. | --- | --- | |----------------------------------|------------------------------------------| | Delaware | 83-2008699 | | (State of ...

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Q4 2020 Earnings Conference Call February 8, 2021 8:30 AM ET Company Participants Deb McCann - Treasurer & Senior Vice President of Investor Relations & Corporate FP&A Anthony Jabbour - Chief Executive Officer Bryan Hipsher - Chief Financial Officer Conference Call Participants Hamzah Mazari - Jefferies Manav Patnaik - Barclays Gary Bisbee - Bank of America Brett Huff - Stephens Inc. Jeff Silber - BMO Capital Markets George Tong - Goldman Sachs Kevin McVeigh - Cred ...

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Q3 2020 Earnings Conference Call November 5, 2020 8:00 AM ET Company Participants Debra McCann - SVP, IR & Treasurer Anthony Jabbour - CEO & Director Bryan Hipsher - CFO & Treasurer Conference Call Participants Gary Bisbee - Bank of America Merrill Lynch Ryan Gunning - Jefferies Manav Patnaik - Barclays Bank Seth Weber - RBC Capital Markets Kevin McVeigh - Crédit Suisse Brett Huff - Stephens Inc. Thomas Blakey - Truist Securities George Tong - Goldman Sachs Group A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-39361 Dun & Bradstreet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 83-2008699 (State of incorporation) (I.R.S. Employer Ident ...

Financial Data and Key Metrics - Q2 2020 GAAP revenues were $421 million, an increase of 5.4% YoY (5.6% on a constant currency basis) [56] - Net loss for Q2 2020 was $207 million, or a diluted loss per share of $0.66, compared to a net loss of $94 million in the prior year quarter [57] - Adjusted EBITDA for Q2 2020 was $176 million, an increase of 18.5% YoY, with an adjusted EBITDA margin of 41.9% [61] - Adjusted net income for Q2 2020 was $82 million, or adjusted diluted earnings per share of $0.26 [61] - Full-year 2020 revenue guidance is expected to be in the range of $1.729 billion to $1.759 billion on a constant currency basis [70] - Full-year 2020 adjusted EBITDA guidance is expected to be in the range of $704 million to $724 million [70] Business Line Performance - North America Q2 2020 revenues decreased 1.8% to $354 million, with Finance and Risk revenues declining 3.6% to $194 million and Sales and Marketing revenues increasing less than 1% to $161 million [62][64] - International Q2 2020 revenues decreased 9.9% to $68 million, with Finance and Risk revenues declining $8 million to $56 million and Sales and Marketing revenues increasing $0.4 million to $13 million [65][66] - The company saw a $6 million impact from COVID-19 on usage-based revenues across segments [60] Market Performance - North America Finance and Risk revenues were impacted by structural changes in the legacy credibility business and COVID-19, partially offset by an increase in subscription-based revenues [62][63] - International Finance and Risk revenues were impacted by non-recurring revenues in the worldwide network and COVID-19 effects in Asian markets [65] - Sales and Marketing revenues in North America benefited from the acquisition of Lattice, while international Sales and Marketing revenues were driven by increased product royalties from the worldwide network [64][66] Strategic Direction and Industry Competition - The company is focused on five strategic initiatives: enhancing client relationships, winning new clients, developing innovative solutions, expanding international presence, and pursuing strategic acquisitions [34][35][36] - The company is leveraging its data cloud and D-U-N-S Number to drive innovation and deliver unique solutions to clients [15][16][17] - The company is investing in technology, data, and analytics to improve data ingestion, matching, and delivery, with a focus on alternative data sets and modern API offerings [24][25][26][27][28] - The company is targeting a $250 million annualized run rate cost savings, with $220 million achieved to date [32] Management Commentary on Operating Environment and Future Outlook - The company is optimistic about its long-term growth potential, with a large total addressable market across credit decisioning, governance compliance, risk, and sales and marketing [33] - The company expects Q3 2020 adjusted revenues to be flat to slightly down YoY, with Q4 2020 returning to growth [74] - The company is focused on driving sustainable growth through innovation, cross-selling, and expanding its international footprint [37][38] Other Important Information - The company completed its IPO in July 2020, raising net proceeds of $2.2 billion, which were used to redeem preferred stock and pay down senior unsecured notes [68][69] - The company has a strong liquidity position, with $99.8 million in cash and cash equivalents and $313 million available under its revolving line of credit [67] - The company is investing in cloud infrastructure, with over 70% of its infrastructure now utilizing cloud resources [43] Q&A Session Summary Question: New Product Pipeline and M&A Strategy - The company is focused on a steady flow of new innovative solutions, with recent launches including Analytics Studio and CoAction capabilities [76][77][78] - M&A activity has been focused on product functionality acquisitions rather than revenue or EBITDA, with Lattice being the most material acquisition [80][81][82] Question: Pricing Strategy and Sales & Marketing Business - The company is evaluating pricing opportunities across its client base, with a focus on increasing revenue per client through pricing, cross-selling, and up-selling [86][87][88] - The Sales and Marketing business is seen as mission-critical, with the company differentiating itself through sophisticated solutions and a focus on efficiency [92][93][94] Question: Technology Investments and Cost Savings - The company is taking a componentized approach to technology investments, with Project Ascent expected to deliver initial functionality in Q4 2020 [97][98][102][103] - Cost savings are being driven by technology rationalization and automation, with $14 million achieved in Q2 2020 and a target of $250 million annualized run rate savings [117][118][119][120] Question: International Market Expansion and Cross-Sell Opportunities - The company is accelerating product localization and internationalization, with significant progress in launching products in international markets [123][124] - Cross-sell opportunities are expected to grow over time, with current cross-sell penetration at less than 5% of clients using both Finance and Risk and Sales and Marketing solutions [132][133][134]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-39361 Dun & Bradstreet Holdings, Inc. (Exact name of registrant as specified in its charter) (973) 921-5500 Registrant's telephone number, including area code Securi ...