Investor Presentation First Quarter 2022 Ended March 31, 2022 April 27, 2022 | --- | --- ...

Financial Data and Key Metrics Changes - Total Annual Recurring Revenue (ARR) increased 17% year-over-year to approximately $1.4 billion, with over $202 million in net new total ARR added in Q1 [21][20] - Cloud ARR grew 43% year-over-year to over $343 million, now representing 25% of total ARR, an increase of 5 percentage points year-over-year [21][22] - Subscription ARR increased 32% year-over-year to over $849 million, representing 61% of total ARR, an increase of 7 percentage points year-over-year [22] - Total GAAP revenue was $362 million, a 9% year-over-year increase, with subscription revenue increasing 26% year-over-year to $198 million [23][20] - Gross margin was 81%, maintaining a stable level above 80% [24] Business Line Data and Key Metrics Changes - The IDMC platform processed 32.2 trillion cloud transactions per month as of March 2022, an increase of 65% year-over-year [9] - The number of customers spending more than $1 million in subscription ARR increased by 50% year-over-year to 164 [14] - The number of customers spending more than $100,000 in subscription ARR increased by 22% year-over-year to 1,732 [14] Market Data and Key Metrics Changes - Revenue from the US grew 8% year-over-year to $230 million, representing 63% of total revenue, while international revenue grew 10% year-over-year to $132 million, representing 37% of total revenue [23] Company Strategy and Development Direction - The company focuses on three strategic priorities: product innovation, scaling go-to-market efforts, and expanding strategic partnerships [8][14] - The IDMC platform is being enhanced to support cloud-first workloads, with significant R&D investments aimed at driving innovation [9][28] - The company aims to make Informatica the easiest to do business with, enhancing partnerships with global system integrators and cloud providers [17][18] Management's Comments on Operating Environment and Future Outlook - Management noted a strong start to fiscal 2022, with increased cloud momentum and a shift from self-managed to cloud solutions [27][30] - The company raised its total ARR guidance for the full year, reflecting strong customer adoption of the IDMC platform [30][33] - Management expressed a cautious but optimistic outlook due to macroeconomic uncertainties, maintaining a prudent approach to guidance [31][44] Other Important Information - The company suspended all new sales in Russia due to the humanitarian crisis, with no material impact on Q1 results [5][6] - The company has a strong cash position with cash plus short-term investments of $578 million and net debt of $1.3 billion [25] Q&A Session Summary Question: Accelerating cloud migration - Management is actively working to reduce the lag in cloud migration through automation and R&D efforts [42] Question: EMEA performance - Both North America and EMEA performed well in Q1, with no disruptions noted [44] Question: Margin guidance and cost factors - Q1 operating expense savings were characterized as one-time, with anticipated increases in marketing spend for upcoming events [47][48] Question: Snowflake partnership - The relationship with Snowflake has expanded to include governance and data quality, beyond just data ingestion [49][50] Question: Subscription ARR outlook - Management is cautious about raising the subscription ARR outlook due to the mix shift impacting GAAP revenue [53][54] Question: CapEx and R&D investments - R&D investments are being made, with hiring expected to catch up over the course of the year [58] Question: Future cloud migration pace - The company anticipates a significant shift to cloud solutions, with operational workloads driving this transition [62][63]

Financial Performance - For the year ended December 31, 2021, revenue was $1,444.1 million, representing year-over-year growth of 9%[29] - Total ARR as of December 31, 2021, was $1,360 million, reflecting a year-over-year growth of 17%[29] - Subscription ARR increased to $802.3 million as of December 31, 2021, showing a year-over-year growth of 32%[29] - The net loss for the year ended December 31, 2021, was $99.9 million, an improvement from $167.9 million in 2020[29] - Adjusted EBITDA for 2021 was $377.4 million, compared to $399.6 million in 2020[29] - Total revenues for 2021 were $1,444,055, an increase of 9.1% from $1,323,096 in 2020[554] - Subscription revenues rose to $747,672 in 2021, up 26% from $593,834 in 2020[554] - The net loss for 2021 was $99,929, a reduction from a net loss of $167,887 in 2020[557] - Gross profit for 2021 was $1,112,056, compared to $1,005,111 in 2020, reflecting a gross margin improvement[554] - Research and development expenses increased to $260,660 in 2021, up from $230,151 in 2020, indicating a focus on innovation[554] Customer Metrics - As of December 31, 2021, the company has approximately 5,700 active customers, including 9 of the Fortune 10 and 84 of the Fortune 100, highlighting strong customer relationships[65] - The number of customers contributing more than $1 million in subscription ARR was 153, 104, and 66 for the years 2021, 2020, and 2019 respectively[92] - The company aims to grow its total customer base by targeting IT leaders and end users of data-driven companies[69] - The company has a strong track record of expanding within existing customers, focusing on cross-sell and upsell opportunities[69] Product and Technology - The Intelligent Data Management Cloud (IDMC) is designed to unify data management across multi-cloud and hybrid environments[44] - The platform leverages AI-powered algorithms to automate data management tasks and provide contextual recommendations[47] - The IDMC platform is cloud-native and built on a microservices-based architecture, allowing for scalability and flexibility[48] - The platform enables predictive analytics and automated forecasting, helping organizations manage resources efficiently and respond to dynamic consumption needs[54] - CLAIRE, the AI engine, automates data processes and saves thousands of hours in time and cost for customers, enhancing operational efficiency[58] - The platform processes over 27.8 trillion transactions per month as of December 31, 2021, up from 16.9 trillion in 2020 and 0.2 trillion in 2015, indicating significant growth in transaction volume[62] - Metadata managed by the platform grew at a CAGR of 245% from January 2019 to December 31, 2021, showcasing rapid expansion in data management capabilities[57] Market Opportunity and Strategy - The estimated global market opportunity for the company is approximately $44 billion, with the Analytics Data Management and Integration Platforms market projected to reach $56 billion by the end of 2025, representing a CAGR of 16%[67] - The company plans to make significant ongoing investments in research and development to release new cloud products, expanding its addressable market[69] - The company plans to continue expanding its international business, particularly in EMEA and Asia-Pacific, where market penetration is currently low[69] - The company continues to invest in its partner ecosystem to enhance product adoption and distribution globally[69] Financial Health - Total assets decreased to $4,986,263 in 2021 from $5,073,406 in 2020[551] - Total liabilities were $3,002,587 in 2021, down from $3,906,819 in 2020, showing improved financial health[551] - Cash and cash equivalents increased to $456,378 in 2021 from $344,004 in 2020, indicating better liquidity[551] - The company reported a gross profit margin of approximately 77% for 2021, up from 76% in 2020[554] Research and Development - The company has invested a cumulative $1 billion in R&D over the last five years, emphasizing its commitment to innovation in data management solutions[62] - Informatica spends over $200 million annually on research and development, with over 2,000 employees dedicated to R&D as of December 31, 2021[104] Employee Engagement and Corporate Culture - The company has a strong commitment to employee engagement, reflected in a Glassdoor rating of 4.3 out of 5.0 and a CEO Approval Rating of 96%[117] - The company is committed to maintaining a harassment-free, diverse, and secure workplace, with training programs for employees and managers[120] - The company offers premium health coverage with minimal out-of-pocket contributions for global employees[124] Debt and Financial Instruments - As of December 31, 2021, the company had long-term debt outstanding with a carrying value of $1.9 billion[527] - A hypothetical interest rate change of each quarter point will increase or decrease interest expense by approximately $5.0 million a year[527] - The company entered into two interest rate swaps for a total notional amount of $1.3 billion, with a current fixed swap rate spread ranging from 0.695% to 1.525%[528] Revenue Recognition and Accounting Policies - The company recognizes revenue upon transfer of control of promised goods or services to customers, which may include multiple performance obligations[545] - The Company recognizes revenue in accordance with ASC 606, ensuring that revenue reflects the consideration expected from customers upon satisfying performance obligations[575] - The Company operates as a single segment, with its Chief Executive Officer serving as the chief operating decision-maker[569]

Investor Presentation Fourth Quarter 2021 Ended December 31, 2021 February 16, 2022 | --- | --- ...

Part I. Financial Information [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) The company's unaudited **Q3 2021** financial statements show total assets of **$4.78 billion**, liabilities of **$3.67 billion**, and a net loss of **$33.6 million** on **$1.04 billion** revenue, reflecting improved performance Condensed Consolidated Balance Sheet Data (Unaudited) | (In thousands) | September 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $416,967 | $344,004 | | Total current assets | $919,731 | $965,121 | | Goodwill | $2,389,185 | $2,419,501 | | Total assets | $4,780,958 | $5,073,406 | | **Liabilities and Stockholders' Equity** | | | | Total current liabilities | $723,056 | $860,584 | | Long-term debt, net | $2,733,104 | $2,777,812 | | Total liabilities | $3,666,160 | $3,906,819 | | Total stockholders' equity | $1,114,798 | $1,166,587 | Condensed Consolidated Statements of Operations (Unaudited) | (In thousands) | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Subscriptions Revenue | $517,955 | $407,794 | | Perpetual license Revenue | $19,085 | $37,582 | | **Total revenues** | **$1,037,345** | **$946,571** | | Gross profit | $800,132 | $711,384 | | Income (loss) from operations | $61,103 | $(7,630) | | **Net income (loss)** | **$(33,597)** | **$(135,127)** | | Basic Net income (loss) per share | $(0.14) | $(0.55) | Condensed Consolidated Statements of Cash Flows (Unaudited) | (In thousands) | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $142,393 | $89,211 | | Net cash used in investing activities | $(22,365) | $(44,090) | | Net cash (used in)/ provided by financing activities | $(46,673) | $77,776 | | Net increase in cash, cash equivalents, and restricted cash | $70,465 | $114,027 | - On **October 29, 2021**, the company completed its IPO, issuing **29,000,000 shares** at **$29.00 per share**, with net proceeds of **$915.7 million** after discounts and commissions[35](index=35&type=chunk)[161](index=161&type=chunk) [Note 1. Organization and Description of Business](index=12&type=section&id=Note%201.%20Organization%20and%20Description%20of%20Business) Informatica Inc. became the top-tier entity after a **September 2021** restructuring, completed its IPO in **October 2021**, and provides an **AI-powered software platform** for data management - The company completed restructuring on **September 30, 2021**, establishing Informatica Inc. as the top-tier entity[34](index=34&type=chunk) - Post-restructuring, the company completed its IPO on **October 29, 2021**, issuing **29,000,000 shares** at **$29.00 per share** for **$915.7 million** in net proceeds[35](index=35&type=chunk) - The company's core business is an **AI-powered software platform** that connects, manages, and unifies data across multi-cloud, hybrid systems at an enterprise scale[36](index=36&type=chunk) [Note 6. Borrowings](index=22&type=section&id=Note%206.%20Borrowings) As of **September 30, 2021**, the company reported total debt of **$2.79 billion** and net long-term debt of **$2.73 billion**, consisting of Dollar and Euro term loans, while remaining in compliance with all covenants Long-Term Debt Composition (in thousands) | | September 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Dollar term loan | $2,238,150 | $2,251,575 | | Euro term loan | $547,406 | $583,066 | | **Total debt** | **$2,785,556** | **$2,834,641** | | Less: Discount and issuance costs | $(28,995) | $(33,054) | | **Total debt, net** | **$2,756,561** | **$2,801,587** | - In **February 2020**, the company refinanced its debt, borrowing **$1.79 billion** in a First Lien Dollar Term Facility, **€480.0 million** in a First Lien Euro Term Facility, and **$425.0 million** in a Second Lien Term Facility[95](index=95&type=chunk) - As of **September 30, 2021**, the company was in compliance with all covenants under its Credit Agreements[107](index=107&type=chunk) [Note 7. Disaggregation of Revenue and Costs to Obtain a Contract](index=26&type=section&id=Note%207.%20Disaggregation%20of%20Revenue%20and%20Costs%20to%20Obtain%20a%20Contract) For the nine months ended **September 30, 2021**, total revenue reached **$1.04 billion**, with subscription revenue growing to **$518.0 million** (**50%** of total), and capitalized contract costs increasing to **$143.4 million** Revenue by Type (in thousands) | Revenue Type | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Subscription | $517,955 | $407,794 | | Perpetual license | $19,085 | $37,582 | | **Total software revenues** | **$537,040** | **$445,376** | | Maintenance | $420,888 | $421,124 | | Professional services | $79,417 | $80,071 | | **Total revenues** | **$1,037,345** | **$946,571** | Revenue by Geographic Location (in thousands) | Region | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | North America | $698,972 | $645,218 | | EMEA | $225,781 | $199,394 | | Asia Pacific | $87,980 | $81,556 | | Latin America | $24,612 | $20,403 | | **Total revenues** | **$1,037,345** | **$946,571** | - Capitalized costs to obtain a contract (deferred commissions) increased from **$136.6 million** at year-end 2020 to **$143.4 million** as of **September 30, 2021**[111](index=111&type=chunk) [Note 9. Stockholders Equity, Equity Incentive Plan and Deferred Compensation](index=31&type=section&id=Note%209.%20Stockholders%20Equity%2C%20Equity%20Incentive%20Plan%20and%20Deferred%20Compensation) Post-**September 30, 2021** restructuring, the company's equity structure includes Class A, B-1, and B-2 common stock, with **$9.9 million** in stock-based compensation expense and **$100.8 million** in total unrecognized compensation expense for options - On **September 30, 2021**, the company's restructuring resulted in issuing **200,768,636 Class A**, **44,049,523 Class B-1**, and **44,049,523 Class B-2** common shares[125](index=125&type=chunk) Stock-Based Compensation Expense (in thousands) | | Three Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2021 | | :--- | :--- | :--- | | Cost of revenues | $302 | $782 | | Research and development | $1,344 | $3,148 | | Sales and marketing | $1,453 | $3,323 | | General and administrative | $934 | $2,665 | | **Total** | **$4,033** | **$9,918** | - As of **September 30, 2021**, total unrecognized stock-based compensation expense for unvested options was **$46.8 million** for service-based, **$42.9 million** for performance and market, and **$11.1 million** for performance and service conditions[137](index=137&type=chunk)[138](index=138&type=chunk)[139](index=139&type=chunk) [Note 13. Subsequent Events](index=38&type=section&id=Note%2013.%20Subsequent%20Events) Post-quarter, on **October 29, 2021**, the company completed its IPO, raising **$967.2 million** gross, used to repay **$2.8 billion** debt with a new **$1.875 billion** term loan and a **$250.0 million** revolving credit facility - On **October 29, 2021**, the company completed its IPO, raising **$967.2 million** in gross proceeds (**$915.7 million** net)[161](index=161&type=chunk)[162](index=162&type=chunk) - Post-IPO, the company repaid **$2.8 billion** of outstanding First and Second Lien Term Facilities using IPO proceeds and a new **$1.875 billion** term loan facility[162](index=162&type=chunk)[163](index=163&type=chunk) - A new **$250.0 million** revolving credit facility was established, maturing on **October 29, 2026**[162](index=162&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's transition to an **AI-powered** subscription model, with total ARR growing to **$1.29 billion** and subscription ARR to **$735.7 million**, resulting in a narrowed net loss of **$33.6 million** on **$1.04 billion** revenue [Key Business Metrics and Non-GAAP Financial Measure](index=43&type=section&id=Key%20Business%20Metrics%20and%20Non-GAAP%20Financial%20Measure) Key business metrics highlight strong subscription growth, with total ARR reaching **$1.29 billion**, Subscription ARR at **$735.7 million**, Cloud ARR at **$287.2 million**, and a **116%** Subscription Net Retention Rate Key Business Metrics (as of September 30) | (in thousands, except percentages) | 2021 | 2020 | | :--- | :--- | :--- | | Total Annual Recurring Revenue | $1,287,472 | $1,099,637 | | Maintenance Annual Recurring Revenue | $551,723 | $558,348 | | Subscription Annual Recurring Revenue | $735,749 | $541,289 | | Cloud Annual Recurring Revenue | $287,246 | $199,994 | | Subscription Net Retention Rate | 116% | 113% | Adjusted EBITDA (Non-GAAP, in thousands) | | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | GAAP net income (loss) | $(33,597) | $(135,127) | | **Adjusted EBITDA** | **$276,203** | **$274,502** | - The average subscription ARR per customer doubled from **$98 thousand** at year-end 2018 to **$208 thousand** as of **September 30, 2021**[184](index=184&type=chunk) [Results of Operations](index=50&type=section&id=Results%20of%20Operations) For the nine months ended **September 30, 2021**, total revenues increased **10%** to **$1.04 billion**, driven by **27%** subscription revenue growth, resulting in an operating income of **$61.1 million** and a narrowed net loss of **$33.6 million** Revenue Comparison (in thousands) | | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | % Change | | :--- | :--- | :--- | :--- | | Subscriptions | $517,955 | $407,794 | 27% | | Perpetual license | $19,085 | $37,582 | (49)% | | **Total software revenues** | **$537,040** | **$445,376** | **21%** | | Maintenance and professional services | $500,305 | $501,195 | 0% | | **Total revenues** | **$1,037,345** | **$946,571** | **10%** | - Cost of software revenues increased by **49%** for the nine months ended **September 30, 2021**, primarily due to a **$10.6 million** increase in third-party hosting fees and a **$4.2 million** increase in personnel expenses[248](index=248&type=chunk) - Research and development expenses increased **11%** to **$186.9 million** for the nine months ended **September 30, 2021**, driven by a **$21.4 million** increase in personnel costs[253](index=253&type=chunk) - Restructuring charges decreased by **99%** for the nine months ended **September 30, 2021**, as the 2020 workforce reorganization was largely completed[261](index=261&type=chunk) [Liquidity and Capital Resources](index=59&type=section&id=Liquidity%20and%20Capital%20Resources) As of **September 30, 2021**, the company held **$453.5 million** in cash and equivalents, with operating cash flow at **$142.4 million**, and post-quarter, completed its IPO, raising **$915.7 million** net, and refinanced **$2.8 billion** in debt - Cash provided by operating activities increased to **$142.4 million** for the nine months ended **September 30, 2021**, up from **$89.2 million** in the prior year[273](index=273&type=chunk) - Post-quarter, the company completed its IPO, raising **$915.7 million** in net proceeds, and fully repaid **$2.8 billion** of outstanding debt under its First and Second Lien Term Facilities[269](index=269&type=chunk)[291](index=291&type=chunk) - The company established a new **$1.875 billion** term loan facility and a new **$250.0 million** revolving credit facility after the IPO[163](index=163&type=chunk)[269](index=269&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=63&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate fluctuations and foreign currency changes, with a **0.25%** interest rate change impacting annual expense by **$4.0 million**, and a **10%** FX change impacting nine-month results by **$8.9 million** - A hypothetical **0.25%** change in interest rates would alter annual interest expense by **$4.0 million** on the company's variable-rate debt[299](index=299&type=chunk) - The company utilizes interest rate swaps with a total notional value of **$1.32 billion** to hedge against interest rate volatility[300](index=300&type=chunk) - A hypothetical **10%** change in foreign currency exchange rates would have impacted nine-month results ended **September 30, 2021**, by approximately **$8.9 million**[303](index=303&type=chunk) [Controls and Procedures](index=64&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective at a reasonable assurance level as of **September 30, 2021**, with no material changes to internal control over financial reporting during the quarter - Management concluded that the company's disclosure controls and procedures were effective at the reasonable assurance level as of the period end[308](index=308&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter[309](index=309&type=chunk) Part II. Other Information [Legal Proceedings](index=66&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently party to any legal proceedings expected to have a material adverse effect on its business, financial condition, or results of operations - The company is not currently a party to any legal proceedings management believes would materially adversely affect its business or financial condition[312](index=312&type=chunk) [Risk Factors](index=66&type=section&id=Item%201A.%20Risk%20Factors) The company outlines various material risks, including customer retention, reliance on subscription renewals, security incidents, cloud transition challenges, intense competition, substantial indebtedness, and the controlling influence of private equity sponsors [Risks Related to Our Business and Industry](index=67&type=section&id=Risks%20Related%20to%20Our%20Business%20and%20Industry) This section details operational and market risks, including customer attraction and retention, renewal rates, security incidents, cloud transition challenges, intense competition, R&D success, and reliance on key personnel - The business depends on attracting and retaining customers, and failure to do so could harm future results[317](index=317&type=chunk) - High renewal rates for both subscription and maintenance contracts are critical, as customers have no obligation to renew[319](index=319&type=chunk)[322](index=322&type=chunk) - The market is highly competitive, facing competition from hand-coded solutions, point solution vendors, CSPs, and large stack vendors[340](index=340&type=chunk)[342](index=342&type=chunk) - The transition to a cloud- and subscription-based model presents challenges in forecasting revenue mix and may not develop as anticipated[330](index=330&type=chunk)[332](index=332&type=chunk) [Risks Related to Our Indebtedness](index=105&type=section&id=Risks%20Related%20to%20Our%20Indebtedness) The company's substantial post-IPO indebtedness of approximately **$1.875 billion** poses significant risks, including difficulty satisfying obligations, limited financing, and restrictive covenants that could lead to liquidity problems - The company has substantial indebtedness of approximately **$1.875 billion** following its IPO and refinancing[476](index=476&type=chunk) - High debt levels require a substantial portion of cash flows for debt service, limiting funds for working capital, acquisitions, and other corporate purposes[476](index=476&type=chunk) - The credit agreements contain restrictive covenants limiting the company's ability to incur more debt, pay dividends, sell assets, and engage in mergers[484](index=484&type=chunk)[485](index=485&type=chunk) [Risks Related to Ownership of Our Class A Common Stock and Our Capitalization Structure](index=108&type=section&id=Risks%20Related%20to%20Ownership%20of%20Our%20Class%20A%20Common%20Stock%20and%20Our%20Capitalization%20Structure) Risks for stockholders include stock price volatility, potential share dilution from restricted stock sales, the controlling influence of private equity sponsors holding **87.2%** voting power, and potential exclusion from major stock indices due to the multi-class share structure - The company's sponsors (Permira and CPP Investments) control approximately **87.2%** of combined voting power, giving them controlling influence over stockholder approval matters[499](index=499&type=chunk)[513](index=513&type=chunk) - The multi-class share structure may result in the company's exclusion from major stock indices, potentially affecting stock valuation and liquidity[504](index=504&type=chunk) - The company's bylaws designate Delaware courts as the exclusive forum for most stockholder disputes, potentially limiting a stockholder's choice of judicial forum[507](index=507&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=98&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) From July 1 to **September 30, 2021**, the company granted options for **2,211,143 shares** and issued **278,188 shares** upon exercise, and post-quarter, completed its IPO, receiving **$915.7 million** net proceeds used partly for debt repayment - During **Q3 2021**, the company granted options for over **2.2 million shares** and issued over **278,000 shares** upon exercise, all exempt from registration[527](index=527&type=chunk)[528](index=528&type=chunk)[529](index=529&type=chunk) - The company received net proceeds of **$915.7 million** from its IPO, which occurred after the quarter end on **October 26, 2021**[530](index=530&type=chunk) - A portion of the IPO proceeds was used to repay outstanding indebtedness under the First and Second Lien Credit Agreements[531](index=531&type=chunk)

Informatica, Inc. (NYSE:INFA) Q3 2021 Earnings Conference Call November 30, 2021 10:00 AM ET Company Participants Victoria Hyde-Dunn – Vice President of Investor Relations Amit Walia – Chief Executive Officer Eric Brown – Chief Financial Officer Conference Call Participants Kash Rangan – Goldman Sachs Mark Murphy – JPMorgan Alex Zukin – Wolfe Research Andrew Nowinski – Wells Fargo Koji Ikeda – Bank of America Karl Keirstead – UBS Patrick Colville – Deutsche Bank Matt Headberg – RBC Capital Markets Tyler Rad ...