# EDGAR Filing Document

**Accession Number:** 0001799208
**File Stem:** 0001799208-23-000005
**Filing Date:** 2023-2
**Character Count:** 80583
**Document Hash:** 031a34bc3496847757d5e84c17178a08
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001799208-23-000005.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001799208-23-000005

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 32

**CONFORMED PERIOD OF REPORT**: 20230216

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dun & Bradstreet Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001799208
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320]
- **IRS NUMBER:** 832008699
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39361
- **FILM NUMBER:** 23637138

**BUSINESS ADDRESS:**
- **STREET 1:** 5335 GATE PARKWAY
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32256
- **BUSINESS PHONE:** (904)648-6350

**MAIL ADDRESS:**
- **STREET 1:** 5335 GATE PARKWAY
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Star Intermediate I, Inc.
- **DATE OF NAME CHANGE:** 20200108

?xml version="1.0" ? dnb-20230216

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**Current Report**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (date of earliest event reported):**

**February 16, 2023**

**Dun & Bradstreet Holdings, Inc.**

(Exact name of registrant as specified in its charter)

**Commission file number <u>1-39361</u>**

---

| | |
|:---|:---|
| **<u>Delaware</u>** | **<u>83-2008699</u>** |
| (State of<br>incorporation) | (I.R.S. Employer<br>Identification No.) |

---

<u>5335 Gate Parkway</u>

 <u>Jacksonville, FL 32256</u>

<u>(Address of principal executive offices)</u>

(904) 648-6350

Registrant's telephone number, including area code

**Not Applicable**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **<u>Title of Each Class</u>** | **<u>Trading Symbol</u>** | **<u>Name of Each Exchange on Which Registered</u>** |
| Common Stock, $0.0001 par value | DNB | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition**

On February 16, 2023, Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet" or the "Company") issued a press release announcing its financial results for the fourth quarter and full year of 2022. A copy of the press release is attached and furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

**Item 7.01 Regulation FD Disclosure**

On February 16, 2023, Dun & Bradstreet posted an investor presentation regarding the fourth quarter and full year 2022 financial results to its website www.dnb.com. The presentation materials are attached hereto as Exhibit 99.2 and incorporated herein by reference. These materials may also be used by the Company at one or more subsequent conferences with analysts, investors, or other stakeholders.

The information contained in the attached presentation materials is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission filings and other public announcements. The Company undertakes no duty or obligation to publicly update or revise this information, although it may do so from time to time.

The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

**Item 9.01 Financial Statements and Exhibits**

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| | |
|:---|:---|
| Exhibit 99.1 | <u>[Press release announcing Dun & Bradstreet Holdings, Inc.'s Fourth Quarter and Full Year 2022 financial results](yearend2022prexhibit991.htm)</u> |
| Exhibit 99.2 | <u>[Dun & Bradstreet Holdings, Inc. Fourth Quarter and Full Year 2022 Financial Results presentation](presentationearnings_q4x.htm)</u> |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | **DUN & BRADSTREET HOLDINGS, INC.** | **DUN & BRADSTREET HOLDINGS, INC.** |
| | | By: | /s/ BRYAN T. HIPSHER |
| | | | **Bryan T. Hipsher** |
|  |  |  | ***Chief Financial Officer*** |
| Date: | February 16, 2023 |  | ***(Principal Financial Officer)*** |

---

## Exhibit 99.1

![dbwordmarkrgb.jpg](dbwordmarkrgb.jpg)

**DUN & BRADSTREET REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS**

**JACKSONVILLE, Fla. - February 16, 2023:** Dun & Bradstreet Holdings, Inc. (NYSE: DNB), a leading global provider of business decisioning data and analytics, today announced unaudited financial results for the fourth quarter and year ended December 31, 2022. A reconciliation of U.S. generally accepted accounting principles ("GAAP") to non-GAAP financial measures has been provided in this press release, including the accompanying tables. An explanation of these measures is also included below under the heading "Use of Non-GAAP Financial Measures."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP Revenue and Adjusted Revenue for the fourth quarter of 2022 were both $595.0 million. GAAP Revenue and Adjusted Revenue decreased 0.6% and increased 2.8% on a constant currency basis compared to the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Excluding the impact of acquisitions and divestitures, organic revenue was $614.2 million, an increase of 2.2% on a constant currency basis compared to the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP net income for the fourth quarter of 2022 was $22.8 million, or $0.05 diluted earnings per share, compared to net loss of $11.6 million or diluted loss per share of $0.03 for the prior year quarter. Adjusted net income was $139.2 million or adjusted diluted earnings per share was $0.32, compared to adjusted net income of $141.9 million or adjusted diluted earnings per share of $0.33 for the prior year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* Adjusted EBITDA for the fourth quarter of 2022 was $250.4 million, an increase of 3.2% compared to the fourth quarter of 2021, and adjusted EBITDA margin for the fourth quarter of 2022 was 42.1%.

"2022 was another year of solid progress for us financially, operationally and as an organization as a whole. Organic revenues on a constant currency basis accelerated to 3.5 percent growth over the prior year and we delivered just under forty percent EBITDA margins in what was an increasingly challenging macro environment," said Anthony Jabbour, Dun & Bradstreet Chief Executive Officer. "Our business continues to transform and progress toward the achievement of our multi-year strategy. We believe that our unique mix of high-quality revenues, blue chip client base, increasing innovation, strong profitability and disciplined capital allocation differentiate us through our ability to continue delivering in modulating economic conditions."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP Revenue and Adjusted Revenue for the year ended December 31, 2022 were both $2,224.6 million. GAAP Revenue increased 2.7% and 5.8% on a constant currency basis compared to the year ended December 31, 2021. Adjusted Revenue increased 2.5% and 5.6% on a constant currency basis compared to the year ended December 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Excluding the impact of acquisitions and divestitures, organic revenue was $2,242.6 million, an increase of 3.5% on a constant currency basis compared to the year ended December 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP net loss for the year ended December 31, 2022 was $2.3 million, or diluted loss per share of $0.01, compared to net loss of $71.7 million or diluted loss per share of $0.17 for the prior year. Adjusted net income was $472.4 million, or adjusted diluted earnings per share of $1.10, compared to adjusted net income of $471.1 million, or adjusted diluted earnings per share of $1.10 for the prior year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* Adjusted EBITDA for the year ended December 31, 2022 was $863.5 million, an increase of 1.9% compared to the year ended December 31, 2021, and adjusted EBITDA margin for the year ended December 31, 2022 was 38.8%.

**<u>Segment Results</u>**

<u>North America</u>

For the fourth quarter of 2022, North America revenue was $434.9 million, an increase of $6.2 million or 1.4% and 1.6% on a constant currency basis compared to the fourth quarter of 2021. Excluding the impact of acquisitions which contributed revenue of $6.0 million and the negative impact of foreign exchange of $0.8 million, North America organic revenue increased 0.2%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Finance and Risk revenue for the fourth quarter of 2022 was $231.1 million, an increase of $0.6 million or 0.3% and 0.5% on a constant currency basis compared to the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sales and Marketing revenue for the fourth quarter of 2022 was $203.8 million, an increase of $5.6 million or 2.8% and 2.9% on a constant currency basis compared to the fourth quarter of 2021.

North America adjusted EBITDA for the fourth quarter of 2022 was $214.9 million, an increase of 1.7%, with adjusted EBITDA margin of 49.4%.

For the year ended December 31, 2022, North America revenue was $1,587.1 million, an increase of $87.7 million or 5.8% and 6.0% on a constant currency basis compared to the year ended December 31, 2021. Excluding the impact of acquisitions which contributed revenue of $49.4 million and the negative impact of foreign exchange of $1.6 million, North America organic revenue increased 2.7%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Finance and Risk revenue for the year ended December 31, 2022 was $866.9 million, an increase of $32.2 million or 3.9% and 4.0% on a constant currency basis compared to the year ended December 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sales and Marketing revenue for the year ended December 31, 2022 was $720.2 million, an increase of $55.5 million or 8.3% and 8.4% on a constant currency basis compared to the year ended December 31, 2021.

North America adjusted EBITDA for the year ended December 31, 2022 was $718.0 million, an increase of 0.4%, with adjusted EBITDA margin of 45.2%.

<u>International</u>

International revenue for the fourth quarter of 2022 was $160.1 million, a decrease of $9.5 million or 5.6% and an increase of 5.9% on a constant currency basis compared to the fourth quarter of 2021. Excluding the negative impact of foreign exchange of $19.7 million and the impact of divestitures, organic revenue on a constant currency basis increased 7.0%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Finance and Risk revenue for the fourth quarter of 2022 was $106.0 million, a decrease of $4.2 million or 3.8% and an increase of 6.7% on a constant currency basis compared to the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sales and Marketing revenue for the fourth quarter of 2022 was $54.1 million, a decrease of $5.3 million or 8.9% and an increase of 4.4% on a constant currency basis compared to the fourth quarter of 2021.

International adjusted EBITDA for the fourth quarter of 2022 was $49.0 million, an increase of 6.6%, with adjusted EBITDA margin of 30.6%.

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International revenue for the year ended December 31, 2022 was $637.5 million, a decrease of $33.5 million or 5.0% and an increase of 4.6% on a constant currency basis compared to the year ended December 31, 2021. Excluding the negative impact of foreign exchange of $64.8 million and the impact of divestitures, organic revenue on a constant currency basis increased 5.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Finance and Risk revenue for the year ended December 31, 2022 was $419.1 million, a decrease of $11.2 million or 2.6% and an increase of 6.2% on a constant currency basis compared to the year ended December 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sales and Marketing revenue for the year ended December 31, 2022 was $218.4 million, a decrease of $22.3 million or 9.2% and an increase of 1.9% on a constant currency basis compared to the year ended December 31, 2021.

International adjusted EBITDA for the year ended December 31, 2022 was $202.2 million, an increase of 4.2%, with adjusted EBITDA margin of 31.7%.

**<u>Balance Sheet</u>**

As of December 31, 2022, we had cash and cash equivalents of $208.4 million and total principal amount of debt of $3,646.6 million. We had $799.7 million available on our $850 million revolving credit facility as of December 31, 2022.

**<u>Business Outlook</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenues after the impact of foreign exchange are expected to be in the range of $2,260 million to $2,300 million, or ∼1.6% to 3.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Organic revenue growth is expected to be in the range of 3.0% to 4.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA is expected to be in the range of $870 million to $920 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EPS is expected to be in the range of $0.92 to $1.00. <sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;(1)For 2023, Adjusted diluted earnings per share now excludes the impact of non-operational/non-cash pension income. For comparative purposes, starting with 2023, we have revised the prior year Adjusted diluted earnings per share to exclude the impact of non-operational/non-cash pension income. See page 16 for the revised 2020-2022 results.

The foregoing forward-looking statements reflect Dun & Bradstreet's expectations as of today's date and Revenue assumes constant foreign currency rates. Dun & Bradstreet does not present a qualitative reconciliation of its forward-looking non-GAAP financial measures to the most directly comparable GAAP measure due to the inherent difficulty, without unreasonable efforts, in forecasting and quantifying with reasonable accuracy significant items required for this reconciliation. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. Dun & Bradstreet does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.

**Earnings Conference Call and Audio Webcast**

Dun & Bradstreet will host a conference call to discuss the fourth quarter and full year 2022 financial results on February 16, 2023 at 8:30am ET. The conference call can be accessed live over the phone by dialing 1-877-407-9716 (USA), or 1-201-493-6779 (International). The conference call replay will be available from 11:30am ET on February 16, 2023, through March 2, 2023, by dialing 1-844-512-2921 (USA) or 1-412-317-6671 (International). The replay passcode will be 13735755.

The call will also be webcast live from Dun & Bradstreet's investor relations website at https://investor.dnb.com. Following the completion of the call, a recorded replay of the webcast will be available on the website.

**About Dun & Bradstreet**

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Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com.

**Use of 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 rating agencies regarding our results, operating trends and performance between periods. These non-GAAP financial measures include adjusted revenue, organic revenue, adjusted earnings before interest, taxes, depreciation and amortization (''adjusted EBITDA''), adjusted EBITDA margin, adjusted net income and adjusted net earnings per diluted share. Adjusted results are non-GAAP measures that adjust for the impact due to certain acquisition and divestiture related revenue and expenses, such as costs for banker fees, legal fees, due diligence, retention payments and contingent consideration adjustments, restructuring charges, equity-based compensation, and other non-core gains and charges that are not in the normal course of our business, such as costs associated with early debt redemptions, gains and losses on sales of businesses, impairment charges, the effect of significant changes in tax laws and material tax and legal settlements. We exclude amortization of recognized intangible assets resulting from the application of purchase accounting because it is non-cash and not indicative of our ongoing and underlying operating performance. Recognized intangible assets arise from acquisitions, primarily the Take-Private Transaction. We believe that recognized intangible assets by their nature are fundamentally different from other depreciating assets that are replaced on a predictable operating cycle. Unlike other depreciating assets, such as developed and purchased software licenses or property and equipment, there is no replacement cost once these recognized intangible assets expire and the assets are not replaced. Additionally, our costs to operate, maintain and extend the life of acquired intangible assets and purchased intellectual property are reflected in our operating costs as personnel, data fee, facilities, overhead and similar items. Management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Amortization of recognized intangible assets will recur in future periods until such assets have been fully amortized. In addition, we isolate the effects of changes in foreign exchange rates on our revenue growth because we believe it is useful for investors to be able to compare revenue from one period to another, both after and before the effects of foreign exchange rate changes. The change in revenue performance attributable to foreign currency rates is determined by converting both our prior and current periods' foreign currency revenue by a constant rate. As a result, we monitor our adjusted revenue growth both after and before the effects of foreign exchange rate changes. We believe that these supplemental non-GAAP financial measures provide management and other users with additional meaningful financial information that should be considered when assessing our ongoing performance and comparability of our operating results from period to period. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the factors management uses in planning for and forecasting future periods. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to our reported results prepared in accordance with GAAP.

Our non-GAAP or adjusted financial measures reflect adjustments based on the following items, as well as the related income tax.

***Adjusted Revenue***

We define adjusted revenue as revenue to include a revenue adjustment due to the timing of the completion of the Bisnode acquisition. Management uses this measure to evaluate ongoing performance of the business period over period. In addition, we isolate the effects of changes in foreign exchange rates on our revenue growth because we believe it is useful for investors to be able to compare revenue from one period to another, both after and before the

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effects of foreign exchange rate changes. The change in revenue performance attributable to foreign currency rates is determined by converting both our prior and current periods' foreign currency revenue by a constant rate.

***Organic Revenue***

We define organic revenue as adjusted revenue before the effect of foreign exchange excluding revenue from acquired businesses for the first twelve months. In addition, organic revenue excludes current and prior year revenue associated with divested businesses. We believe the organic measure provides investors and analysts with useful supplemental information regarding the Company's underlying revenue trends by excluding the impact of acquisitions and divestitures. Revenue from acquired businesses is primarily related to the acquisitions of Eyeota Holdings Pte Ltd and NetWise Data, LLC in the fourth quarter of 2021. Revenue from divested businesses is related to the business-to-consumer business in Germany that was sold during the second quarter of 2022.

***Adjusted EBITDA and Adjusted EBITDA Margin***

We define adjusted EBITDA as net income (loss) attributable to Dun & Bradstreet Holdings, Inc. excluding the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• depreciation and amortization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest expense and income;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• income tax benefit or provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• other non-operating expenses or income;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• equity in net income of affiliates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• net income attributable to non-controlling interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• equity-based compensation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restructuring charges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• merger, acquisition and divestiture-related operating costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• transition costs primarily consisting of non-recurring expenses associated with transformational and integration activities, as well as incentive expenses associated with our synergy program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• other adjustments primarily related to non-cash charges and gains, including impairment charges and adjustments as the result of the application of purchase accounting mainly related to the deferred commission cost amortization associated with the Take-Private Transaction and revenue adjustment associated with the Bisnode acquisition. In addition, other adjustments also include non-recurring charges such as legal expense associated with significant legal and regulatory matters.

We calculate adjusted EBITDA margin by dividing adjusted EBITDA by adjusted revenue.

***Adjusted Net Income***

We define adjusted net income as net income (loss) attributable to Dun & Bradstreet Holdings, Inc. adjusted for the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• incremental amortization resulting from the application of purchase accounting. We exclude amortization of recognized intangible assets resulting from the application of purchase accounting because it is non-cash and is not indicative of our ongoing and underlying operating performance. The Company believes that

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recognized intangible assets by their nature are fundamentally different from other depreciating assets that are replaced on a predictable operating cycle. Unlike other depreciating assets, such as developed and purchased software licenses or property and equipment, there is no replacement cost once these recognized intangible assets expire and the assets are not replaced. Additionally, the Company's costs to operate, maintain and extend the life of acquired intangible assets and purchased intellectual property are reflected in the Company's operating costs as personnel, data fee, facilities, overhead and similar items;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• equity-based compensation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restructuring charges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• merger, acquisition and divestiture-related operating costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• transition costs primarily consisting of non-recurring expenses associated with transformational and integration activities, as well as incentive expenses associated with our synergy program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• merger, acquisition and divestiture-related non-operating costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• debt refinancing and extinguishment costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• non-recurring pension charges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• other adjustments primarily related to non-cash charges and gains, including impairment charges and adjustments as the result of the application of purchase accounting mainly related to the deferred commission cost amortization associated with the Take-Private Transaction and revenue adjustment associated with the Bisnode acquisition. In addition, other adjustments also include non-recurring charges such as legal expense associated with significant legal and regulatory matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• tax effect of the non-GAAP adjustments; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• other tax effect adjustments related to the tax impact of statutory tax rate changes on deferred taxes, the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") and other discrete items.

***Adjusted Net Earnings Per Diluted Share***

We calculate adjusted net earnings per diluted share by dividing adjusted net income (loss) by the weighted average number of common shares outstanding for the period plus the dilutive effect of common shares potentially issuable in connection with awards outstanding under our stock incentive plan.

**Forward-Looking Statements**

The statements contained in this release that are not purely historical are forward-looking statements, including statements regarding expectations, hopes, intentions or strategies regarding the future. Forward-looking statements are based on Dun & Bradstreet's management's beliefs, as well as assumptions made by, and information currently available to, them. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. It is not possible to predict or identify all risk factors. Consequently, the risks and uncertainties listed below should not be considered a complete discussion of all of our potential trends, risks and uncertainties. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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The risks and uncertainties that forward-looking statements are subject to include, but are not limited to: (i) our ability to implement and execute our strategic plans to transform the business; (ii) our ability to develop or sell solutions in a timely manner or maintain client relationships; (iii) competition for our solutions; (iv) harm to our brand and reputation; (v) unfavorable global economic conditions including, but not limited to, volatility in interest rates, foreign currency markets, inflation, and supply chain disruptions; (vi) risks associated with operating and expanding internationally; (vii) failure to prevent cybersecurity incidents or the perception that confidential information is not secure; (viii) failure in the integrity of our data or systems; (ix) system failures and personnel disruptions, which could delay the delivery of our solutions to our clients; (x) loss of access to data sources or ability to transfer data across the data sources in markets where we operate; (xi) failure of our software vendors and network and cloud providers to perform as expected or if our relationship is terminated; (xii) loss or diminution of one or more of our key clients, business partners or government contracts; (xiii) dependence on strategic alliances, joint ventures and acquisitions to grow our business; (xiv) our ability to protect our intellectual property adequately or cost-effectively; (xv) claims for intellectual property infringement; (xvi) interruptions, delays or outages to subscription or payment processing platforms; (xvii) risks related to acquiring and integrating businesses and divestitures of existing businesses; (xviii) our ability to retain members of the senior leadership team and attract and retain skilled employees; (xix) compliance with governmental laws and regulations; (xx) risks related to the voting letter agreement among and registration and other rights held by certain of our largest shareholders; (xxi) an outbreak of disease, global or localized health pandemic or epidemic, or the fear of such an event (such as the COVID-19 global pandemic), including the global economic uncertainty and measures taken in response; (xxii) the short- and long-term effects of the COVID-19 global pandemic, including the pace of recovery or any future resurgence; (xxiii) increased economic uncertainty related to the ongoing conflict between Russia and Ukraine and associated trends in macroeconomic conditions, and (xxiv) the other factors described under the headings "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note Regarding Forward-Looking Statements" and other sections of our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 24, 2022.

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**Dun & Bradstreet Holdings, Inc.**

 **Consolidated Statements of Operations** 

**(In millions, except per share data)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended December 31,** | **Three months ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| **Revenue** | $595.0 | $598.3 | $2224.6 | $2165.6 |
| Cost of services (exclusive of depreciation and amortization) | 188.1 | 176.7 | 721.4 | 664.3 |
| Selling and administrative expenses | 196.7 | 199.1 | 745.6 | 714.7 |
| Depreciation and amortization | 145.7 | 157.2 | 587.2 | 615.9 |
| Restructuring charges | 6.2 | 4.4 | 20.5 | 25.1 |
| **Operating costs** | 536.7 | 537.4 | 2074.7 | 2020.0 |
| **Operating income (loss)** | 58.3 | 60.9 | 149.9 | 145.6 |
| Interest income | 1.1 | 0.2 | 2.2 | 0.7 |
| Interest expense | (55.0) | (61.2) | (193.2) | (206.4) |
| Other income (expense) - net | 3.2 | (17.6) | 13.9 | 14.9 |
| Non-operating income (expense) - net | (50.7) | (78.6) | (177.1) | (190.8) |
| Income (loss) before provision (benefit) for income taxes and equity in net income of affiliates | 7.6 | (17.7) | (27.2) | (45.2) |
| Less: provision (benefit) for income taxes | (15.2) | (7.0) | (28.8) | 23.4 |
| Equity in net income of affiliates | 0.7 | 0.7 | 2.5 | 2.7 |
| **Net income (loss)** | 23.5 | (10.0) | 4.1 | (65.9) |
| Less: net (income) loss attributable to the non-controlling interest | (0.7) | (1.6) | (6.4) | (5.8) |
| Net income (loss) attributable to Dun & Bradstreet Holdings, Inc. | $22.8 | $(11.6) | $(2.3) | $(71.7) |
| **Basic earnings (loss) per share of common stock attributable to Dun & Bradstreet Holdings, Inc.** | $0.05 | $(0.03) | $(0.01) | $(0.17) |
| **Diluted earnings (loss) per share of common stock attributable to Dun & Bradstreet Holdings, Inc.** | $0.05 | $(0.03) | $(0.01) | $(0.17) |
| **Weighted average number of shares outstanding-basic** | 429.3 | 428.6 | 429.1 | 428.7 |
| **Weighted average number of shares outstanding-diluted** | 432.5 | 428.6 | 429.1 | 428.7 |

---

------

**Dun & Bradstreet Holdings, Inc.**

**Consolidated Balance Sheets** 

**(In millions, except share data and per share data)**

---

| | | |
|:---|:---|:---|
| | **December 31,<br>2022** | **December 31, <br>2021** |
| **Assets** | | |
| **Current assets** | | |
| Cash and cash equivalents | $208.4 | $177.1 |
| Accounts receivable, net of allowance of $14.3 at December 31, 2022 and $16.5 at December 31, 2021 | 271.6 | 401.7 |
| Prepaid taxes | 57.7 | 52.2 |
| Other prepaids | 77.2 | 63.9 |
| Other current assets | 89.0 | 23.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current assets** | 703.9 | 718.0 |
| **Non-current assets** |  |  |
| Property, plant and equipment, net of accumulated depreciation of $38.4 at December 31, 2022 and $27.5 at December 31, 2021 | 96.9 | 96.8 |
| Computer software, net of accumulated amortization of $348.8 at December 31, 2022 and $234.2 at December 31, 2021 | 631.8 | 557.4 |
| Goodwill | 3431.3 | 3493.3 |
| Deferred income tax | 16.0 | 18.5 |
| Other intangibles | 4320.1 | 4824.5 |
| Deferred costs | 143.7 | 116.1 |
| Other non-current assets | 128.2 | 172.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-current assets** | 8768.0 | 9279.2 |
| **Total assets** | $9471.9 | $9997.2 |
| **Liabilities** |  |  |
| **Current liabilities** |  |  |
| Accounts payable | $80.5 | $83.5 |
| Accrued payroll | 109.5 | 125.6 |
| Short-term debt | 32.7 | 28.1 |
| Deferred revenue | 563.1 | 569.4 |
| Other accrued and current liabilities | 316.8 | 198.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current liabilities** | 1102.6 | 1004.9 |
| **Long-term pension and postretirement benefits** | 158.2 | 178.4 |
| **Long-term debt** | 3552.2 | 3716.7 |
| **Deferred income tax** | 1023.7 | 1207.2 |
| **Other non-current liabilities** | 126.8 | 144.7 |
| **Total liabilities** | 5963.5 | 6251.9 |
| **Commitments and contingencies** |  |  |
| **Equity** |  |  |
| Common Stock, $0.0001 par value per share, authorized—2,000,000,000 shares; 436,604,447 shares issued and 435,717,527 shares outstanding at December 31, 2022 and 432,070,999 shares issued and 431,197,782 shares outstanding at December 31, 2021 |  |  |
| Capital surplus | 4443.7 | 4500.4 |
| Accumulated deficit | (764.1) | (761.8) |
| Treasury Stock, 886,920 shares at December 31, 2022 and 873,217 December 31, 2021 | (0.3) | (0.3) |
| Accumulated other comprehensive loss | (180.0) | (57.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholder equity | 3499.3 | 3681.2 |
| **Non-controlling interest** | 9.1 | 64.1 |
| **Total equity** | 3508.4 | 3745.3 |
| **Total liabilities and stockholder equity** | $9471.9 | $9997.2 |

---

------

**Dun & Bradstreet Holdings, Inc.**

**Condensed Consolidated Statements of Cash Flows** 

**(In millions)**

---

| | | |
|:---|:---|:---|
| | **Year ended December 31,** | **Year ended December 31,** |
| | **2022** | **2021** |
| **Cash flows provided by (used in) operating activities:** |  |  |
| Net income (loss) | $4.1 | $(65.9) |
| Reconciliation of net income (loss) to net cash provided by (used in) operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 587.2 | 615.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of unrecognized pension loss (gain) | (0.4) | 1.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt early redemption premium expense | 16.3 | 29.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization and write off of deferred debt issuance costs | 23.8 | 31.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pension settlement charge | 2.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity-based compensation expense | 66.0 | 33.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring charge | 20.5 | 25.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring payments | (16.9) | (20.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in deferred income taxes | (151.0) | (77.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: <sup>(1)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in accounts receivable | 113.3 | (13.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in prepaid taxes, other prepaids and other current assets | (23.2) | 62.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in deferred revenue | 8.8 | 16.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in accounts payable | (5.2) | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in accrued payroll | 3.6 | 10.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in other accrued and current liabilities | (18.1) | (31.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in other long-term assets | (53.2) | (34.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in long-term liabilities | (41.2) | (84.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net, other non-cash adjustments | 0.6 | 4.3 |
| **Net cash provided by (used in) operating activities** | 537.1 | 503.7 |
| **Cash flows provided by (used in) investing activities:** |  |  |
| Acquisitions of businesses, net of cash acquired | (0.5) | (844.8) |
| Cash settlements of foreign currency contracts and net investment hedge | 6.0 | 22.3 |
| Payments for real estate purchase |  | (76.6) |
| Capital expenditures | (12.6) | (9.7) |
| Additions to computer software and other intangibles | (205.3) | (170.7) |
| Other investing activities, net | 1.9 | 0.8 |
| **Net cash provided by (used in) investing activities** | (210.5) | (1078.7) |
| **Cash flows provided by (used in) financing activities:** |  |  |
| Payment for debt early redemption premiums | (16.3) | (29.5) |
| Payments of dividends | (42.9) |  |
| Payment of long term debt | (420.0) | (450.0) |
| Proceeds from borrowings on Credit Facility | 315.1 | 314.1 |
| Proceeds from issuance of Senior Notes |  | 460.0 |
| Proceeds from borrowings on Term Loan Facility | 460.0 | 300.0 |
| Payments of borrowings on Credit Facility | (424.8) | (154.1) |
| Payments of borrowing on Term Loan Facility | (106.6) | (28.1) |
| Payment of debt issuance costs | (7.4) | (9.5) |
| Payment for purchase of non-controlling interests | (23.6) |  |
| Other financing activities, net | (14.6) | (2.8) |
| **Net cash provided by (used in) financing activities** | (281.1) | 400.1 |
| Effect of exchange rate changes on cash and cash equivalents | (14.2) | (0.3) |
| Increase (decrease) in cash and cash equivalents | 31.3 | (175.2) |
| Cash and Cash Equivalents, Beginning of Period | 177.1 | 352.3 |
| **Cash and Cash Equivalents, End of Period** | $208.4 | $177.1 |
| **Supplemental Disclosure of Cash Flow Information:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cash Paid for:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes payment (refund), net | $139.8 | $12.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | $178.5 | $191.8 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)Net of the effect of acquisitions.

------

**Dun & Bradstreet Holdings, Inc.**

**Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)**

**(In millions)**

**Reconciliation of Revenue to Adjusted Revenue and Organic Revenue**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended December 31,** | **Three months ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| GAAP Revenue | $595.0 | $598.3 | $2224.6 | $2165.6 |
| Revenue adjustment due to the Bisnode acquisition close timing |  |  |  | 4.6 |
| Adjusted revenue (a) | $595.0 | $598.3 | $2224.6 | $2170.2 |
| Foreign currency impact | 25.1 | 4.6 | 69.5 | 3.1 |
| Adjusted revenue before the effect of foreign currency (a) | $620.1 | $602.9 | $2294.1 | $2173.3 |
| Revenue from acquisition and divestiture - before the effect of foreign currency | (5.9) | (1.8) | (51.5) | (6.9) |
| Organic revenue - before the effect of foreign currency (a) | $614.2 | $601.1 | $2242.6 | $2166.4 |
| North America | $434.9 | $428.7 | $1587.1 | $1499.4 |
| International | 160.1 | 169.6 | 637.5 | 671.0 |
| Segment revenue | $595.0 | $598.3 | $2224.6 | $2170.4 |
| Corporate and other (a) |  |  |  | (0.2) |
| Foreign currency impact | 25.1 | 4.6 | 69.5 | 3.1 |
| Adjusted revenue before the effect of foreign currency (a) | $620.1 | $602.9 | $2294.1 | $2173.3 |
| Revenue from acquisition and divestiture - before the effect of foreign currency | (5.9) | (1.8) | (51.5) | (6.9) |
| Organic revenue - before the effect of foreign currency (a) | $614.2 | $601.1 | $2242.6 | $2166.4 |
| (a) Including impact of deferred revenue purchase accounting adjustments | $— | $— | $— | $(0.2) |

---

------

**Dun & Bradstreet Holdings, Inc.**

**Reconciliation of Net Income (Loss) to Adjusted EBITDA**

**(In millions)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended December 31,** | **Three months ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| Net income (loss) attributable to Dun & Bradstreet Holdings, Inc. | $22.8 | $(11.6) | $(2.3) | $(71.7) |
| Depreciation and amortization | 145.7 | 157.2 | 587.2 | 615.9 |
| Interest expense - net | 53.9 | 61.0 | 191.0 | 205.7 |
| (Benefit) provision for income tax - net | (15.2) | (7.0) | (28.8) | 23.4 |
| EBITDA | 207.2 | 199.6 | 747.1 | 773.3 |
| Other income (expense) - net | (3.2) | 17.6 | (13.9) | (14.9) |
| Equity in net income of affiliates | (0.7) | (0.7) | (2.5) | (2.7) |
| Net income (loss) attributable to non-controlling interest | 0.7 | 1.6 | 6.4 | 5.8 |
| Equity-based compensation | 22.1 | 9.6 | 66.0 | 33.3 |
| Restructuring charges | 6.2 | 4.4 | 20.5 | 25.1 |
| Merger and acquisition-related operating costs | 6.1 | 6.9 | 23.4 | 14.1 |
| Transition costs | 10.7 | 6.0 | 24.4 | 11.6 |
| Other adjustments <sup>(1)</sup> | 1.3 | (2.3) | (7.9) | 1.5 |
| Adjusted EBITDA | $250.4 | $242.7 | $863.5 | $847.1 |
| North America | $214.9 | $211.3 | $718.0 | $715.3 |
| International | 49.0 | 46.0 | 202.2 | 194.1 |
| Corporate and other (a) | (13.5) | (14.6) | (56.7) | (62.3) |
| Adjusted EBITDA (a) | $250.4 | $242.7 | $863.5 | $847.1 |
| Adjusted EBITDA Margin (a) | 42.1% | 40.6% | 38.8% | 39.0% |
| (a) Including impact of deferred revenue purchase accounting adjustments | $— | $— | $— | $(0.2) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)Adjustments for 2022, 2021 and 2020 were primarily related to non-cash purchase accounting adjustments for deferred commission assets associated with the Take-Private Transaction and non-recurring legal reserve adjustments related to the FTC matter in 2022 and 2021 and an environmental matter in 2020.

------

**Dun & Bradstreet Holdings, Inc.**

**Segment Revenue and Adjusted EBITDA (Unaudited)**

**(In millions)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended December 31, 2022** | **Three months ended December 31, 2022** | **Three months ended December 31, 2022** | **Three months ended December 31, 2022** |
| | **North America** | **International** | **Corporate and Other** | **Total** |
| Adjusted revenue | $434.9 | $160.1 | $— | $595.0 |
| Total operating costs | 237.8 | 115.2 | 15.2 | 368.2 |
| Operating income (loss) | 197.1 | 44.9 | (15.2) | 226.8 |
| Depreciation and amortization | 17.8 | 4.1 | 1.7 | 23.6 |
| Adjusted EBITDA | $214.9 | $49.0 | $(13.5) | $250.4 |
| Adjusted EBITDA margin | 49.4% | 30.6% | N/A | 42.1% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended December 31, 2022** | **Year ended December 31, 2022** | **Year ended December 31, 2022** | **Year ended December 31, 2022** |
| | **North America** | **International** | **Corporate and Other** | **Total** |
| Adjusted revenue | $1587.1 | $637.5 | $— | $2224.6 |
| Total operating costs | 940.5 | 450.3 | 63.4 | 1454.2 |
| Operating income (loss) | 646.6 | 187.2 | (63.4) | 770.4 |
| Depreciation and amortization | 71.4 | 15.0 | 6.7 | 93.1 |
| Adjusted EBITDA | $718.0 | $202.2 | $(56.7) | $863.5 |
| Adjusted EBITDA margin | 45.2% | 31.7% | N/A | 38.8% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended December 31, 2021** | **Three months ended December 31, 2021** | **Three months ended December 31, 2021** | **Three months ended December 31, 2021** |
| | **North America** | **International** | **Corporate and Other** | **Total** |
| Adjusted revenue | $428.7 | $169.6 | $— | $598.3 |
| Total operating costs | 233.8 | 126.9 | 16.5 | 377.2 |
| Operating income (loss) | 194.9 | 42.7 | (16.5) | 221.1 |
| Depreciation and amortization | 16.4 | 3.3 | 1.9 | 21.6 |
| Adjusted EBITDA | $211.3 | $46.0 | $(14.6) | $242.7 |
| Adjusted EBITDA margin | 49.3% | 27.1% | N/A | 40.6% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended December 31, 2021** | **Year ended December 31, 2021** | **Year ended December 31, 2021** | **Year ended December 31, 2021** |
| | **North America** | **International** | **Corporate and Other** | **Total** |
| Adjusted revenue | $1499.4 | $671.0 | $(0.2) | $2170.2 |
| Total operating costs | 844.3 | 489.0 | 70.0 | 1403.3 |
| Operating income (loss) | 655.1 | 182.0 | (70.2) | 766.9 |
| Depreciation and amortization | 60.2 | 12.1 | 7.9 | 80.2 |
| Adjusted EBITDA | $715.3 | $194.1 | $(62.3) | $847.1 |
| Adjusted EBITDA margin | 47.7% | 28.9% | N/A | 39.0% |

---

------

**Dun & Bradstreet Holdings, Inc.**

**Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)**

**(In millions, except per share data)**

**Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended December 31,** | **Three months ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| Net income (loss) attributable to Dun & Bradstreet Holdings, Inc. | $22.8 | $(11.6) | $(2.3) | $(71.7) |
| Incremental amortization of intangible assets resulting from the application of purchase accounting | 122.0 | 135.6 | 494.0 | 535.7 |
| Equity-based compensation | 22.1 | 9.6 | 66.0 | 33.3 |
| Restructuring charges | 6.2 | 4.4 | 20.5 | 25.1 |
| Merger and acquisition-related operating costs | 6.1 | 6.9 | 23.4 | 14.1 |
| Transition costs | 10.7 | 6.0 | 24.4 | 11.6 |
| Merger and acquisition-related non-operating costs | 1.7 | (0.1) | 3.7 | 2.2 |
| Debt refinancing and extinguishment costs |  | 41.9 | 24.3 | 43.0 |
| Non-recurring pension charges | 2.1 |  | 2.1 |  |
| Other adjustments <sup>(1)</sup> | 1.3 | (2.3) | (7.9) | 1.5 |
| Tax effect of non-GAAP adjustments | (40.5) | (53.2) | (156.1) | (165.2) |
| Other tax effect adjustments | (15.3) | 4.7 | (19.7) | 41.5 |
| Adjusted net income (loss) attributable to Dun & Bradstreet Holdings, Inc. (a) | $139.2 | $141.9 | $472.4 | $471.1 |
| Adjusted diluted earnings (loss) per share of common stock | $0.32 | $0.33 | $1.10 | $1.10 |
| Weighted average number of shares outstanding - diluted | 432.5 | 429.0 | 430.0 | 429.8 |
| (a) Including impact of deferred revenue purchase accounting adjustments | $— | $— | $— | $(0.2) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)Adjustments for 2022, 2021 and 2020 were primarily related to non-cash purchase accounting adjustments for deferred commission assets associated with the Take-Private Transaction and non-recurring legal reserve adjustments related to the FTC matter in 2022 and 2021 and an environmental matter in 2020.

------

**Dun & Bradstreet Holdings, Inc.**

**Adjusted Net Earnings Definition Update (Unaudited)**

**(In millions, except per share data)**

For 2023, we will change the definition for Adjusted Net Earnings to exclude the non-operating / non-cash pension income historically included in the calculation. The table below shows the annual impact for 2020 through 2022.

---

| | | | |
|:---|:---|:---|:---|
| | **Year Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2022** | **2021** | **2020** |
| Previously Reported | $472.4 | $471.3 | $362.3 |
| Non-operating / non-cash pension income, net of tax | (33.0) | (40.0) | (34.7) |
| Revised | $434.9 | $431.3 | $327.6 |
| Adjusted diluted earnings per share: | Adjusted diluted earnings per share: | Adjusted diluted earnings per share: | Adjusted diluted earnings per share: |
| Previously Reported | $1.10 | $1.10 | $0.99 |
| Revised | $1.02 | $1.00 | $0.89 |

---

------

**For more information, please contact:**

**Investor Contact:**

904-648-8006

IR@dnb.com

**Media Contact:**

Dawn McAbee

904-648-6328

Mcabeed@dnb.com

## Exhibit 99.2

![](presentationearnings_q4x001.jpg)

Dun & Bradstreet FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS February 16, 2023

------

![](presentationearnings_q4x002.jpg)

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 management's beliefs, as well as assumptions made by, and information currently available to, them. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. It is not possible to predict or identify all risk factors. Consequently, the risks and uncertainties listed below should not be considered a complete discussion of all of our potential trends, risks and uncertainties. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on the utility of the information in this Presentation as a predictor of future performance. Any estimates and statements contained herein may be forward-looking in nature and involve significant elements of subjective judgment and analysis, which may or may not be correct. Risks, uncertainties and other factors may cause actual results to vary materially and potentially adversely from those anticipated, estimated or projected. For example, throughout this Presentation we discuss the Company's business strategy and certain short and long term financial and operational expectations that we believe would be achieved based upon our planned business strategy for the next several years. These expectations can only be achieved if the assumptions underlying our business strategy are fully realized –some of which we cannot control (e.g., market growth rates, macroeconomic conditions and customer preferences) and we will review these assumptions as part of our annual planning process. The risks and uncertainties that forward-looking statements are subject to include, but are not limited to: (i) our ability to implement and execute our strategic plans to transform the business; (ii) our ability to develop or sell solutions in a timely manner or maintain client relationships; (iii) competition for our solutions; (iv) harm to our brand and reputation; (v) unfavorable global economic conditions including, but not limited to, volatility in interest rates, foreign currency markets, inflation and supply chain disruptions; (vi) risks associated with operating and expanding internationally; (vii) failure to prevent cybersecurity incidents or the perception that confidential information is not secure; (viii) failure in the integrity of our data or systems; (ix) system failures and personnel disruptions, which could delay the delivery of our solutions to our clients; (x) loss of access to data sources or ability to transfer data across the data sources in markets where we operate; (xi) failure of our software vendors and network and cloud providers to perform as expected or if our relationship is terminated; (xii) loss or diminution of one or more of our key clients, business partners or government contracts; (xiii) dependence on strategic alliances, joint ventures and acquisitions to grow our business; (xiv) our ability to protect our intellectual property adequately or cost-effectively; (xv) claims for intellectual property infringement; (xvi) interruptions, delays or outages to subscription or payment processing platforms; (xvii) risks related to acquiring and integrating businesses and divestitures of existing businesses; (xviii) our ability to retain members of the senior leadership team and attract and retain skilled employees; (xix) compliance with governmental laws and regulations; (xx) risks related to the voting letter agreement among and registration and other rights held by certain of our largest shareholders; (xxi) an outbreak of disease, global or localized health pandemic or epidemic, or the fear of such an event (such as the COVID-19 global pandemic), including the global economic uncertainty and measures taken in response; (xxii) the short- and long-term effects of the COVID-19 global pandemic, including the pace of recovery or any future resurgence; (xxiii) increased economic uncertainty related to the ongoing conflict between Russia and Ukraine and associated trends in macroeconomic conditions, and (xxiv) the other factors described under the headings "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in our consolidated financial statements for the year ended December 31, 2021, included in our Annual Report of Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 24, 2022, our other Quarterly Reports and the Company's other reports or documents filed with the SEC. All information herein speaks only as of (1) the date hereof, in the case of information about the Company, and (2) the date of such information, in the case of information from persons other than the Company. There can be no assurance any forecasts and estimates will prove accurate in whole or in part. The Company does not undertake any duty to update or revise the information contained herein, publicly or otherwise. The Presentation also includes certain financial information that is not presented in accordance with Generally Accepted Accounting Principles ("GAAP"), including, but not limited to, Adjusted Revenue, Organic Revenue, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company's financial results. Further, it is important to note that non-GAAP financial measures should not be considered in isolation and may be considered in addition to GAAP financial information but should not be used as substitutes for the corresponding GAAP measures. It is also important to note that EBITDA, Adjusted EBITDA for specified fiscal periods have been calculated in accordance with the definitions thereof as set out in our public disclosures and are not projections of anticipated results but rather reflect permitted adjustments. Additionally, this Presentation contains forward-looking financial measures presented on a non-GAAP basis without reconciliation to the most directly comparable GAAP measure due to the inherent difficulty, without unreasonable efforts, in forecasting and quantifying with reasonable accuracy significant items required for this reconciliation. You should be aware that Dun & Bradstreet's presentation of these and other non-GAAP financial measures in this Presentation may not be comparable to similarly-titled measures used by other companies. All amounts in this Presentation are in USD unless otherwise stated. All trademarks and logos depicted in this Presentation are the property of their respective owners and are displayed solely for purposes of illustration. DISCLAIMER

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FINANCIAL HIGHLIGHTS (GAAP) METRICS FOURTH QUARTER 2022 FULL YEAR 2022 Revenue $595.0 million, -0.6% (+2.8% constant currency) $2,224.6 million, +2.7% (+5.8% constant currency) Net income (loss) $22.8 million vs. $(11.6) million Q4'21 $(2.3) million vs. $(71.7) million in 2021 Diluted earnings (loss) per share $0.05 $(0.01) 1

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FINANCIAL HIGHLIGHTS (NON-GAAP) METRICS FOURTH QUARTER 2022 FULL YEAR 2022 Adjusted Revenue $595.0 million, -0.6% (+2.8% constant currency) $2,224.6 million, +2.5% (+5.6% constant currency) Organic Revenue $614.2 million +2.2% constant currency $2,242.6 million +3.5% constant currency Adjusted EBITDA $250.4 million, +3.2% $863.5 million, +1.9% Adjusted EBITDA Margin 42.1% 38.8% Adjusted Net Income $139.2 million $472.4 million Adjusted diluted earnings per share $0.32 $1.10 2

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FOURTH QUARTER HIGHLIGHTS • Finance & Risk growth was driven by continued strength in Third Party Management solutions partially offset by lower revenues from our Government solutions. • Sales and Marketing growth was primarily driven by Digital Marketing, Master Data and prior year acquisitions • Organic Revenue grew 0.2 percent • Adjusted EBITDA growth primarily due to higher organic revenue and lower costs resulting from cost management efforts • Adjusted EBITDA margin increased 10bps $ IN MILLIONS NORTH AMERICA – Q4 49.3% 49.4% Q4 2021 Q4 2022 ADJUSTED EBITDA MARGIN % 10bps (1) BFX represents the growth rate before the impact of foreign exchange 3 REVENUE ADJUSTED EBITDA $211.3 $214.9 Q4 2021 Q4 2022 2% FOURTH QUARTER HIGHLIGHTS$198.2 $203.8 $230.5 $231.1 Q4 2021 Q4 2022 3% $428.7 $434.9 <1% 1% Finance & Risk Sales & Marketing 3% <1% 2% BFX (1)AFX

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FULL YEAR HIGHLIGHTS • Finance & Risk growth was primarily attributable to new business and higher customer spend in Third Party Risk Management and our core Finance solutions, partially offset by lower revenues from the government sector • Sales & Marketing growth was driven primarily by the impact of acquisitions • Organic Revenue grew 2.7 percent • Adjusted EBITDA growth due primarily to higher revenue from the underlying business and the impact of the acquisitions, partially offset by investments leading to higher data and data processing costs • Adjusted EBITDA margin declined 250bps $ IN MILLIONS NORTH AMERICA – FULL YEAR 47.7% 45.2% FY 2021 FY 2022 ADJUSTED EBITDA MARGIN % (250bps) (1) BFX represents the growth rate before the impact of foreign exchange 4 REVENUE ADJUSTED EBITDA $715.3 $718.0 FY 2021 FY 2022 <1% FOURTH QUARTER HIGHLIGHTS$664.7 $720.2 $834.7 $866.9 FY 2021 FY 2022 8% $1,499.4 $1,587.1 4% 6% Finance & Risk Sales & Marketing 8% 4% 6% BFX (1)AFX

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27.1% 30.6% Q4 2021 Q4 2022 FOURTH QUARTER HIGHLIGHTS • Excluding the negative impact of foreign exchange, revenue grew 6% driven by strong growth across all markets • Organic Revenue grew 7.0 percent • Adjusted EBITDA increased due to revenue growth from underlying business and cost savings related to the Bisnode acquisition, partially offset by foreign exchange impact • Adjusted EBITDA margin increased 350bps $ IN MILLIONS $59.4 $54.1 $110.2 $106.0 Q4 2021 Q4 2022 (9%) $169.6 $160.1 (4%) (6%) Finance & Risk Sales & Marketing INTERNATIONAL – Q4 $46.0 $49.0 Q4 2021 Q4 2022 ADJUSTED EBITDA ADJUSTED EBITDA MARGIN % 350bps 4% 7% 6% (1) BFX represents the growth rate before the impact of foreign exchange BFX (1)AFX 5 REVENUE FOURTH QUARTER HIGHLIGHTS 7%

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28.9% 31.7% FY 2021 FY 2022 FOURTH QUARTER HIGHLIGHTS • Excluding the negative impact of foreign exchange of $64.8M, revenue increased by 5% attributable to growth across all markets including higher revenue in API solution sales, cross border data fees, product royalties and growth in Finance Analytics • Organic Revenue grew 5.4 percent • Adjusted EBITDA increased primarily due to higher revenue growth from the underlying business and cost savings related to the Bisnode acquisition, partially offset by foreign exchange loss resulting from a strengthening U.S. dollar • Adjusted EBITDA margin increased 280bps $ IN MILLIONS $240.7 $218.4 $430.3 $419.1 FY 2021 FY 2022 (9%) $671.0 $637.5 (3%) (5%) Finance & Risk Sales & Marketing INTERNATIONAL – FULL YEAR $194.1 $202.2 FY 2021 FY 2022 ADJUSTED EBITDA ADJUSTED EBITDA MARGIN % 4% 280bps 2% 6% 5% (1) BFX represents the growth rate before the impact of foreign exchange BFX (1)AFX 6 REVENUE FULL YEAR HIGHLIGHTS

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DEBT SUMMARY ($ IN MILLIONS) December 31, 2022 MATURITY INTEREST RATE Cash $208.4 Revolving Facility ($850.0) (1) $50 2025 LIBOR + 325 bps (2) Term Loan Facility (LIBOR) (1) $2,680 2026 LIBOR + 325 bps Term Loan Facility (SOFR) (1) $457 2029 SOFR + 325 bps Unsecured Notes (1) $460 2029 5.000% Total Debt (1) $3,647 Net Debt (1) $3,438 Net Debt / EBITDA 4.0x (1) Represents principal amount (2) Subject to a ratio-based pricing grid • The LIBOR based term loan has a $1 billion floating to fixed swap effective through March 2024 at 0.467 percent, and the SOFR based term loan has $250 million swapped from floating to fixed through February 2025 at 1.629 percent. • We also have 3 cross currency swaps at $125M each that settle in July of 2024, 2025 and 2026 7

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FINANCIAL METRICS 2023 GUIDANCE Total Revenue $2,260 million to $2,300 million Organic Constant Currency Revenue growth 3.0% – 4.5% Adjusted EBITDA $870 million to $920 million Adjusted diluted earnings per share (1) $0.92 to $1.00 Full year 2023 guidance is based upon the following estimates and assumptions: • Adjusted interest expense of approximately $240 million • Depreciation and amortization expense of approximately $100 million (excluding incremental depreciation and amortization expense resulting from purchase accounting) • Adjusted effective tax rate approximately 24% • Weighted average diluted shares outstanding of approximately 433 million • Capex of $130-$150 million of internally developed software and $30 million of Property, Plant and Equipment and Purchased Software FULL YEAR 2023 FINANCIAL GUIDANCE 8 (1) For 2023, Adjusted diluted earnings per share now excludes the impact of non-operational/non-cash pension income. For comparative purposes, starting with 2023, we have revised the prior year Adjusted diluted earnings per share to exclude the impact of non-operational/non-cash pension income. See slide #14 for the revised 2020-2022 results.

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APPENDIX

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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 rating agencies regarding our results, operating trends and performance between periods. These non-GAAP financial measures include adjusted revenue, organic revenue, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), adjusted EBITDA margin, adjusted net income and adjusted net earnings per diluted share. Adjusted results are non-GAAP measures that adjust for the impact due to certain acquisition and divestiture related revenue and expenses, such as costs for banker fees, legal fees, due diligence, retention payments and contingent consideration adjustments, restructuring charges, equity-based compensation, and other non-core gains and charges that are not in the normal course of our business, such as costs associated with early debt redemptions, gains and losses on sales of businesses, impairment charges, the effect of significant changes in tax laws and material tax and legal settlements. We exclude amortization of recognized intangible assets resulting from the application of purchase accounting because it is non-cash and not indicative of our ongoing and underlying operating performance. Recognized intangible assets arise from acquisitions, primarily the Take-Private Transaction. We believe that recognized intangible assets by their nature are fundamentally different from other depreciating assets that are replaced on a predictable operating cycle. Unlike other depreciating assets, such as developed and purchased software licenses or property and equipment, there is no replacement cost once these recognized intangible assets expire and the assets are not replaced. Additionally, our costs to operate, maintain and extend the life of acquired intangible assets and purchased intellectual property are reflected in our operating costs as personnel, data fee, facilities, overhead and similar items. Management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Amortization of recognized intangible assets will recur in future periods until such assets have been fully amortized. In addition, we isolate the effects of changes in foreign exchange rates on our revenue growth because we believe it is useful for investors to be able to compare revenue from one period to another, both after and before the effects of foreign exchange rate changes. The change in revenue performance attributable to foreign currency rates is determined by converting both our prior and current periods' foreign currency revenue by a constant rate. As a result, we monitor our adjusted revenue growth both after and before the effects of foreign exchange rate changes. We believe that these supplemental non- GAAP financial measures provide management and other users with additional meaningful financial information that should be considered when assessing our ongoing performance and comparability of our operating results from period to period. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the factors management uses in planning for and forecasting future periods. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to our reported results prepared in accordance with GAAP. Our non-GAAP or adjusted financial measures reflect adjustments based on the following items, as well as the related income tax. Adjusted Revenue We define adjusted revenue as revenue to include a revenue adjustment due to the timing of the completion of the Bisnode acquisition. Management uses this measure to evaluate ongoing performance of the business period over period. In addition, we isolate the effects of changes in foreign exchange rates on our revenue growth because we believe it is useful for investors to be able to compare revenue from one period to another, both after and before the effects of foreign exchange rate changes. The change in revenue performance attributable to foreign currency rates is determined by converting both our prior and current periods' foreign currency revenue by a constant rate. Organic Revenue We define organic revenue as adjusted revenue before the effect of foreign exchange excluding revenue from acquired businesses for the first twelve months. In addition, organic revenue excludes current and prior year revenue associated with divested businesses. We believe the organic measure provides investors and analysts with useful supplemental information regarding the Company's underlying revenue trends by excluding the impact of acquisitions and divestitures. Revenue from acquired businesses is primarily related to the acquisitions of Eyeota Holdings Pte Ltd ("Eyeota") and NetWise Data, LLC ("NetWise") in the fourth quarter of 2021. Revenue from divested businesses is related to the business-to-consumer business in Germany that was sold during the second quarter of 2022. Adjusted EBITDA and Adjusted EBITDA Margin We define adjusted EBITDA as net income (loss) attributable to Dun & Bradstreet Holdings, Inc. excluding the following items: • depreciation and amortization; • interest expense and income; • income tax benefit or provision; • other non-operating expenses or income; • equity in net income of affiliates; • net income attributable to non-controlling interests; • equity-based compensation; • restructuring charges; • merger, acquisition and divestiture-related operating costs; • transition costs primarily consisting of non-recurring expenses associated with transformational and integration activities, as well as incentive expenses associated with our synergy program; and • other adjustments primarily related to non-cash charges and gains, including impairment charges and adjustments as the result of the application of purchase accounting mainly related to the deferred commission cost amortization associated with the Take-Private Transaction and revenue adjustment associated with the Bisnode acquisition. In addition, other adjustments also include non-recurring charges such as legal expense associated with significant legal and regulatory matters. We calculate adjusted EBITDA margin by dividing adjusted EBITDA by adjusted revenue. NON-GAAP FINANCIAL MEASURES 9

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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. We exclude amortization of recognized intangible assets resulting from the application of purchase accounting because it is non-cash and is not indicative of our ongoing and underlying operating performance. The Company believes that recognized intangible assets by their nature are fundamentally different from other depreciating assets that are replaced on a predictable operating cycle. Unlike other depreciating assets, such as developed and purchased software licenses or property and equipment, there is no replacement cost once these recognized intangible assets expire and the assets are not replaced. Additionally, the Company's costs to operate, maintain and extend the life of acquired intangible assets and purchased intellectual property are reflected in the Company's operating costs as personnel, data fee, facilities, overhead and similar items; • equity-based compensation; • restructuring charges; • merger, acquisition and divestiture-related operating costs; • transition costs primarily consisting of non-recurring expenses associated with transformational and integration activities, as well as incentive expenses associated with our synergy program; • merger, acquisition and divestiture-related non-operating costs; • debt refinancing and extinguishment costs; • non-recurring pension charges; • other adjustments primarily related to non-cash charges and gains, including impairment charges and adjustments as the result of the application of purchase accounting mainly related to the deferred commission cost amortization associated with the Take-Private Transaction and revenue adjustment associated with the Bisnode acquisition. In addition, other adjustments also include non-recurring charges such as legal expense associated with significant legal and regulatory matters. • tax effect of the non-GAAP adjustments; and • other tax effect adjustments related to the tax impact of statutory tax rate changes on deferred taxes, the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") and other discrete items. Adjusted Net Earnings Per Diluted Share We calculate adjusted net earnings per diluted share by dividing adjusted net income (loss) by the weighted average number of common shares outstanding for the period plus the dilutive effect of common shares potentially issuable in connection with awards outstanding under our stock incentive plan. NON-GAAP FINANCIAL MEASURES (CONTINUED) 10

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($ IN MILLIONS) THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31, 2022 2021 2022 2021 GAAP Revenue $595.0 $598.3 $2,224.6 $2,165.6 Revenue adjustment due to the Bisnode acquisition - - - 4.6 Adjusted Revenue $595.0 $598.3 $2,224.6 $2,170.2 Foreign currency impact 25.1 4.6 69.5 3.1 Adjusted revenue before the effect of foreign currency $620.1 $602.9 $2,294.1 $2,173.3 Net revenue from acquisition and divestiture – before the effect of foreign currency (5.9) (1.8) (51.5) (6.9) Organic Revenue - before the effect of foreign currency $614.2 $601.1 $2,242.6 $2,166.4 NON-GAAP RECONCILIATION: ADJUSTED REVENUE FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31 11

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($ IN MILLIONS) THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31, 2022 2021 2022 2021 Net income (loss) $22.8 $(11.6) (2.3) $(71.7) Depreciation and amortization 145.7 157.2 587.2 615.9 Interest expense - net 53.9 61.0 191.0 205.7 (Benefit) provision for income tax - net (15.2) (7.0) (28.8) 23.4 EBITDA $207.2 $199.6 $747.1 $773.3 Other income (expense) - net (3.2) 17.6 (13.9) (14.9) Equity in net income of affiliates (0.7) (0.7) (2.5) (2.7) Net income (loss) attributable to the non-controlling interest 0.7 1.6 6.4 5.8 Equity-based compensation 22.1 9.6 66.0 33.3 Restructuring charges 6.2 4.4 20.5 25.1 Merger and acquisition-related operating costs 6.1 6.9 23.4 14.1 Transition costs 10.7 6.0 24.4 11.6 Other adjustments (1) 1.3 (2.3) (7.9) 1.5 Adjusted EBITDA $250.4 $242.7 $863.5 $847.1 Adjusted EBITDA Margin (%) 42.1% 40.6% 38.8% 39.0% NON-GAAP RECONCILIATION: ADJUSTED EBITDA FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31 12 (1) Adjustments for 2022 and 2021 were primarily related to non-cash purchase accounting adjustments for deferred commission assets associated with the Take-Private Transaction and non-recurring legal reserve adjustments related to the FTC matter in 2022 and 2021.

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(AMOUNTS IN MILLIONS, EXCEPT PER SHARE DATA) THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31, 2022 2021 2022 2021 Net income (loss) $22.8 $(11.6) $(2.3) $(71.7) Incremental amortization of intangible assets resulting from the application of purchase accounting 122.0 135.6 494.0 535.7 Equity-based compensation 22.1 9.6 66.0 33.3 Restructuring charges 6.2 4.4 20.5 25.1 Merger and acquisition-related operating costs 6.1 6.9 23.4 14.1 Transition costs 10.7 6.0 24.4 11.6 Non-recurring pension charges 2.1 - 2.1 - Merger and acquisition-related non-operating (gain) costs 1.7 (0.1) 3.7 2.2 Debt extinguishment / refinancing costs - 41.9 24.3 43.0 Other adjustments (1) 1.3 (2.3) (7.9) 1.5 Tax effect of the non-GAAP adjustments (40.5) (53.2) (156.1) (165.2) Other tax effect adjustments (15.3) 4.7 (19.7) 41.5 Adjusted net income (loss) attributable to Dun & Bradstreet Holdings, Inc. (a) $139.2 $141.9 $472.4 $471.1 Adjusted diluted earnings (loss) per share of common stock $0.32 $0.33 $1.10 $1.10 Weighted average number of shares outstanding – diluted 432.5 429.0 430.0 429.8 Pre-tax impact - - - $(0.2) Tax impact - - - - Net impact to adj. net income (loss) attrib. to Dun & Bradstreet Holdings, Inc. - - - $(0.2) Net impact to adjusted diluted earnings (loss) per share of common stock - - - - (a) Including impact of deferred revenue purchase accounting adjustments: NON-GAAP RECONCILIATION: ADJUSTED NET INCOME FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31 13 (1) Adjustments for 2022 and 2021 were primarily related to non-cash purchase accounting adjustments for deferred commission assets associated with the Take-Private Transaction and non-recurring legal reserve adjustments related to the FTC matter in 2022 and 2021.

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(AMOUNTS IN MILLIONS, EXCEPT PER SHARE DATA) 2020 2021 2022 Previously Reported $362.3 $471.3 $472.4 Non-operating / non-cash pension income, net of tax ($34.7) ($40.0) ($33.0) Revised $327.6 $431.3 $439.4 Adjusted diluted earnings per share Previously Reported $0.99 $1.10 $1.10 Revised $0.89 $1.00 $1.02 ADJUSTED NET EARNINGS DEFINITION UPDATE 14 For 2023, we will change the definition for Adjusted Net Earnings to exclude the non-operating / non-cash pension income historically included in the calculation. The table below shows the annual impact for 2020 through 2022.

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