{ "docId": "019dd923-5efe-75c0-8e00-575259974d8e", "docSlug": "f13a1bfde1bf7b23", "documentTitle": "2024 11 Investor Day", "authorId": "DocuSign", "authorName": "Dayforce", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 97, "pageCount": 100, "prevPage": 96, "nextPage": 98, "slideType": "appendix_disclosure", "function": "other", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": [ "headline_text", "paragraph", "numbered_list" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5efe-75c0-8e00-575259974d8e/97", "deckHref": "/decks/019dd923-5efe-75c0-8e00-575259974d8e", "deckJsonHref": "/decks/019dd923-5efe-75c0-8e00-575259974d8e.json", "deckAnchorHref": "/decks/019dd923-5efe-75c0-8e00-575259974d8e#slide-97", "components": [ { "bbox": { "h": 0.08, "w": 0.88, "x": 0.06, "y": 0.39 }, "kind": "disclaimer", "text": "These non-GAAP financial measures are not required by, defined under, or presented in accordance with, GAAP, and should not be considered as alternatives to our results as reported under GAAP, have important limitations as analytical tools, and our use of these terms may not be comparable to similarly titled measures of other companies in our industry. Our presentation of non-GAAP financial measures should not be construed to imply that our future results will be unaffected by similar items to those eliminated in this presentation", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5bae77c1-9f64-451b-8f22-d1ac13bfb930", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.88, "x": 0.06, "y": 0.48 }, "kind": "list", "text": "EBITDA is defined as net (loss) income before interest, taxes, depreciation, and amortization, and Adjusted EBITDA is EBITDA, as adjusted to exclude share-based compensation expense and related employer taxes, and certain other items.\nAdjusted EBITDA margin is determined by calculating the percentage Adjusted EBITDA is of total revenue.\nAdjusted Cloud recurring gross margin is defined as Cloud recurring gross margin, as adjusted to exclude share-based compensation and related employer taxes, and certain other items, as a percentage of total Cloud recurring revenue.\nFree cash flow is defined as net cash provided by operating activities, as adjusted to exclude capital expenditures.\nFree cash flow margin is determined by calculating the percentage free cash flow is of total revenue.\nAnnual Dayforce revenue retention rate is calculated as a percentage, excluding Ascender, where the numerator is the Dayforce annualized recurring revenue (\"ARR\") for the prior year, less the Dayforce ARR from lost Dayforce customers during that year; and the denominator is the Dayforce ARR for the prior year. We have not reconciled Annual Dayforce revenue retention rate because there is no directly comparable GAAP financial measure.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "49882c4b-1ca3-4bf9-83c4-00ab9df73a90", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.88, "x": 0.06, "y": 0.75 }, "kind": "paragraph", "text": "We have not reconciled future period Non-GAAP metrics to the directly comparable GAAP financial measures because applicable information for the future period, on which these reconciliations would be based, is not available without unreasonable efforts due to uncertainty regarding, and the potential variability of, depreciation and amortization, share-based compensation expense and related employer taxes, changes in foreign currency exchange rates, and other items.\nThe following slides reconcile our reported results to our non-GAAP financial measures:", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "22c9dc57-f645-4a23-bb2f-94ede48db9c5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.88, "x": 0.06, "y": 0.14 }, "kind": "paragraph", "text": "We use certain non-GAAP financial measures in this document including Adjusted Cloud recurring gross margin, Adjusted EBITDA margin, free cash flow margin, and Dayforce revenue retention rate. We believe that these non-GAAP financial measures are useful to management and investors as supplemental measures to evaluate our overall operating performance including comparison across periods and with competitors. Our management team uses these non-GAAP financial measures to assess operating performance because these financial measures exclude the results of decisions that are outside the normal course of our business operations, and are used for internal budgeting and forecasting purposes both for short- and long-term operating plans. Additionally, Adjusted Cloud recurring gross margin is a component of certain performance based equity awards for our named executive officers. Further, we believe that the non-GAAP financial measure free cash flow margin is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of our liquidity and future ability to generate cash that can be used for strategic opportunities or investing in our business. The exclusion of capital expenditures facilitates comparisons of our liquidity on a period-to-period basis and excludes items that management does not consider to be indicative of our liquidity.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bb81a637-8f6c-4cdc-b6cf-f1831129e5f5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.48, "x": 0.26, "y": 0.06 }, "kind": "title", "text": "Non-GAAP Financial Measures", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d361672b-5202-4c9c-9e4c-5c18528bb65d", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 100, "from": 31, "beatId": "4970f84c-7af4-4413-8b54-b90dcfd4f15e", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The document concludes with a call to action, encouraging investors to support Dayforce's growth strategy.", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }