Page 1

2025-07-23 10:58 Alight , Inc. Alight Reports Third Quarter 2021 Results ALIGHT REPORTS THIRD QUARTER 2021 RESULTS November 9 , 2021 - Achieved $ 690M of revenue driven by 5 % growth in Employer Solutions - - Delivered strong BPaaS revenue growth of 20 % - - - BPaaS bookings growth through nine months already exceeds original full - year plan – - Significant new customer wins and expanded relationships underscore emerging demand - - Strategic use of technology driving margin expansion - - Again raising full - year outlook- LINCOLNSHIRE , III .-- ( BUSINESS WIRE ) -- Alight ( NYSE : ALIT ) , a leading cloud - based provider of integrated digital human capital and business solutions , today reported results for the third quarter ended September 30 , 2021 . " We delivered strong quarterly results , including new customer wins and the expansion of existing customer relationships , as powerful secular forces continue to move in Alight's favor , ” said Chief Executive Officer Stephan Scholl . " Accelerated by the pandemic , companies are facing tightening labor markets , while also undertaking complex return to workplace strategies and facing ongoing workforce disruptions , all of which have shined a bright light on the need to place the wellbeing of their employees front and center to effectively navigate these challenges . Through its BPaaS solutions , which leverage the Alight Worklife platform , we believe Alight is uniquely positioned to deliver a comprehensive view of health , wealth , wellbeing and pay , giving companies the ability to leverage data , Al and analytics to rethink their employee experience . With our continued momentum , we are pleased to raise our full - year outlook for the second time . ” Third Quarter 2021 and Subsequent Highlights ( all comparisons relative to third quarter 2020 ) • On July 2 , 2021 , Foley Trasimene Acquisition Corp. ( FTAC ) completed the Business Combination with Alight Holding Company , LLC • 5.0 % increase in Employer Solutions revenue , driving total revenue growth of 3.3 % to $ 690 million • Business Process as a Service ( BPaaS ) revenue growth of 19.8 % to $ 97 million , representing 14.1 % of total revenue , up from 12.1 % • BPaaS bookings on total contract value basis increased 42.1 % to $ 179 million with year - to - date BPaaS bookings of $ 459 million ahead of original January full - year forecast • With strong year - to - date bookings , ended the quarter with more than 95 % of projected 2021 revenue and more than 65 % of projected 2022 revenue under contract • New wins and expanded relationships with companies including Genworth , Shell , Aptar , Randstad , Arconic and Camping World • Gross profit growth of 4.8 % to $ 238 million , with employer solutions gross profit margin improving 140 basis points to 36.6 % , and operating income of $ 25 million • Net loss of $ 120 million , mainly due to non - cash expenses related to the FTAC merger , including seller earnouts , warrants , and tax receivable agreement revaluations Adjusted EBITDA increased by 15.9 % to $ 153 million • • • Subsequent to quarter end completed acquisitions of Aon's Retiree Health Exchange business and ConsumerMedical Raising full - year outlook for a second time based on strong results and acquisitions to revenue growth of 5 % to 6 % , up from 3 % to 5 % , and Adjusted EBITDA of $ 615 million to $ 625 million , up from $ 610 million to $ 620 million . Third Quarter 2021 Results Consolidated Results Total revenue increased 3.3 % to $ 690 million for the Successor three months ended September 30 , 2021 from $ 668 million for the Predecessor prior year period . The increase was driven by a 5.0 % increase in Employer Solutions revenue while Professional Services revenue was flat . Gross profit , inclusive of depreciation and amortization , increased 4.8 % to $ 238 million for the Successor three months ended September 30 , 2021 , or 34.5 % of revenue , from $ 227 million , or 34.0 % of revenue , for the Predecessor prior year period . The increase in gross profit was primarily driven by revenue growth as noted above , partially offset by increases in costs associated with the growth in current and future revenues . https://investor.alight.com/news/news-details/2021/Alight-Reports-Third-Quarter-2021-Results/ 1/11