Q4 2021

Our focus on helping ourcustomers adapt and evolvetheir workforce with ourmodern platform is drivingstrong demand for Dayforce PRO Unlimited, a pioneer in staffing and managingcontingent workers with nearly 30,000 employeesglobally, chose Dayforce as its holistic HCMsolution. In addition to streamlining HR processesand gaining visibility into data on a global scale,the company also sees Dayforce Wallet as adifferentiator to help attract and retain talent inNorth America. A worldwide manufacturing and retail organizationhas successfully deployed Dayforce in four globalregions to over 50,000 employees in 21 countries.The company decided to partner with Ceridian aspart of a global business transformation journey forits pay and time solutions. An industry leader in real estate managementand development selected Dayforce for managedpayroll, time, and benefits globally for 21,000employees across more than 2,000 properties. A premier multi-national consulting company isnow live with Dayforce for 73,000 employeesin the U.S. and Canada. Dayforce provides thecustomer with a unified, cloud-based solutioncapable of multi-jurisdictional taxation, managedservices executed directly on the platform, andenhanced self-service offerings. One of Europe’s largest veterinary care providerswent live with Dayforce across eight practicesin the UK. This was the first phase of theproject covering over 14,000 employees andencompassing HR, time and attendance, andmanaged pay. The second phase of the project willextend into Europe, Middle East and Africa (EMEA)in 2022. A large, U.S.-based home furnishing store choseDayforce as a unified solution for its 4,700employees. Ceridian’s single system and indepth retail industry experience were both keyfactors in the company’s decision. The Dayforceimplementation was completed successfully andahead of schedule.Sales highlightsOur focus on helping our customers adapt andevolve their workforce with our modern platform isdriving strong demand for Dayforce.In North America during the fourth quarter, wehad continued success across enterprise and largeenterprise markets:5Q4 2021 Stockholder letter A global customer care and technology companywith over 20,000 employees chose Ceridian as atrusted HCM partner. As the company continuesto expand its presence globally, Dayforce willeliminate the need for multiple systems, savingthe company time, reducing compliance risk, andproviding a more unified employee experience. A professional financial services organizationwith 6,750 employees in the U.S. and Canadachose to broaden its partnership with Ceridianfrom workforce management to the full Dayforceplatform. The company also plans to expand intoother global markets. Dayforce will provide aunified, scalable, and customizable HCM solution,allowing the company to manage complianceglobally and stay ahead of the curve withCeridian’s innovative product roadmap. One of Canada’s fastest-growing hospitalitycompanies selected Dayforce for workforcemanagement, recruiting, and managed servicesincluding payroll and benefits. The companycurrently has 10,000 employees across fivecountries and expects significant growth in the nextseveral years. Dayforce will provide immediatevalue to North American operations, and thecompany plans to expand its use of the platformglobally to centralize all HCM processes. A U.S. commercial printing company selectedDayforce for each of its three business units.The company has 11,500 employees in the U.S.,Canada, and Mexico. Dayforce will give eachdivision a consolidated solution for HR, pay,time, and talent management. This will enable

the company to ensure each unit has its ownindependent system, while improving efficiencyacross the organization.We continue to execute on the strategic growth leverof expanding globally in both the APJ region as wellas in EMEA. Our key global wins during the fourthquarter included: We continue to expand our presence in theAustralian market with the region’s largestresidential aged care provider including 9,500employees. The company chose Dayforce as analways-on people platform to increase operationalefficiency, reduce operating costs, facilitatecompliance, and attract and retain top talent.We recentlyintroduced DayforcePeople Intelligence,Analytics Studio,and Analytics DataConnector A leading holiday company in the UK and Irelandselected Dayforce to manage 10,000 employeesacross six locations. The company was lookingfor a first-class workforce management solutionto replace existing manual processes which werenot functioning for the scale and complexity ofthe organization. Dayforce was selected due toits ability to handle complex and varied businesspolicies, while still providing an intuitive andengaging user experience. The company is alsointerested in the opportunity to expand its Ceridianpartnership in the future with HR, payroll, andtalent management. A UK logistics company with 5,750 employeesand 1,500 agency staff selected Dayforce tomodernize its HCM operations. The company wasstruggling with multiple sets of data and inefficientmanual processes that were hindering its growth.Dayforce will provide a unified solution for HR,pay, and workforce management. This will allowthe company to scale its people operations, viewcritical workforce data, and access reporting in realtime, which will support its strategic growth goals. A Switzerland-based watch and jewelry companywith 2,000 employees around the world selectedDayforce for its global HCM operations. Dayforcewill provide a unified solution to optimizeworkforce management at its locations globallyand streamline the user experience for employees.Intelligence at work6Q4 2021 Stockholder letter

Product innovationAs the always-on people platform for the globalworkforce, our vision guides our innovation agendaand how we deliver value to our customers.As organizations of all sizes navigate new hybridwork environments, the necessity to create aconnected culture defined by an empoweredemployee experience is essential. In the fourthquarter, we made Dayforce Hub fully available toall customers. We worked in close collaborationwith our charter customers to ensure we crafted theright experiences and metrics that would serve ourcustomers best in the new world of work.The acquisition ofADAM HCM willaccelerate Ceridian’scommitment todeliver DayforcePayroll in MexicoAt the same time, we understand that to be able toeffectively empower employees, our customers needto be able to make data-informed decisions thatare augmented by intelligence, taking full advantageof the data inside their organizations. To servethis need, we recently delivered Dayforce PeopleIntelligence, Analytics Studio, and Analytics DataConnector to our customers.Dayforce People Intelligence brings together therichness of our ad-hoc reporting environment withaccess across the broad spectrum of Dayforce HCMdata to deliver advanced business intelligence anddata visualization capability.Dayforce Analytics Studio, which offers 15 newanalytics views, provides real-time insights intodiversity, equity, and inclusion; benefit healthelections; candidate activity; and other HR initiativesthat can be customized and readily shared.Dayforce Analytics Data Connector unlocks thepower of our customers’ HCM data using the BItools of their choice. It enables the transfer of largervolumes of data to our customers so they can utilizetheir data with familiar and consistent internal tools.On global payroll, we announced the acquisitionof ADAM HCM, which will accelerate Ceridian’scommitment to deliver Dayforce Payroll in Mexicocurrently planned for later in 2022 as well as over30 countries across Latin America, South America,and the Caribbean.Intelligence at work7Q4 2021 Stockholder letter

We also introduced 110 unique updates to theDayforce platform in North America and EMEA tohelp our customers navigate their year-end close.Dayforce WalletWe now have more than 970 customers signed ontoDayforce Wallet with over 425 customers live on theproduct.Dayforce Wallet continues to positively impact winrates in market as evidenced by the 80% attach rateof Dayforce Wallet to new sales.In addition, we continue to see strong evidence thatthe Dayforce Card is top of wallet: Average registration rates increased to 34% of alleligible employees and are approximately 50% inour top quartile of tenured customers.*970 customers signed with over 425customers live on Dayforce Wallet34%average Dayforce Walletregistration rate for all eligibleemployees The Dayforce Card continues to be used morethan 25 times per month by individual users onspending for groceries, convenience stores, fastfood, restaurants, gas, and ATM withdrawals.Dayforce Wallet users are enjoying new featuressuch as cash back rewards and two day earlydirect deposit. Looking ahead in 2022 and takingadvantage of our strong roadmap, we will belaunching a referral program, streaming pay, anda new market – welcoming users in the UnitedKingdom.Dayforce Wallet users areenjoying new features suchas cash back rewards andtwo day early direct depositTo further the adoption of Dayforce Wallet,we formed a strategic partnership with PROUnlimited, who will offer Dayforce Wallet as partof its comprehensive Worker Experience solution,providing contingent workers with direct accessto their net pay as they earn it. In the contingent* Tenured customers have been live on Dayforce Wallet for morethan a year.8Q4 2021 Stockholder letterIntelligence at work

workforce industry’s highly competitive labor market,Dayforce Wallet will provide true value and acompetitive advantage to an organization’s ability torecruit and engage workers more effectively.We are continuing to accelerate our vision tofundamentally change how workers at every level getpaid, enabling more ways for them to take full controlof their financial wellbeing.Global expansionAs we discussed over previous quarters, we believewe have a significant opportunity for growth outsideof North America as we execute against our strategyto be a global leader in the cloud HCM market.In our APJ region, we are optimizing the strategicacquisitions we made with Ascender and Excelity,utilizing key markets in Asia to streamline ouroperations, ensuring we continue to deliver strongservice and support levels to our customerswherever they operate in the world.In addition, our acquisition in the fourth quarter ofADAM HCM, a payroll and HCM company servingcustomers in 33 countries across Central America,South America, and the Caribbean, positionsCeridian as a leading HCM provider in Latin Americaand will create value for existing and prospectivecustomers in key markets, including Mexico andBrazil.Through this acquisition, we expect ADAM HCMcustomers to be able to access the Dayforce platformfor global HCM, allowing them to scale and growglobally across new geographies. At the same time,extending our platform in Latin America will betterserve our existing multinational customers withoperations in this region.The combination of these acquisitions is a significantstep forward in our strategy to make Dayforce aleading solution in all major regions of the world.9Q4 2021 Stockholder letterSummaryOur fourth quarter performance closed out a yeardefined by continued momentum across all areasof our business. We exceeded the financial andoperational metrics we set out at the start of the year,as we stay focused on accelerating our position as aglobal HCM leader.Looking ahead in 2022, our vision to be the alwayson people platform for the global workforce, coupledwith our customer-driven innovation puts us directlyat the center of two large trends: the new world ofwork and the transition to cloud-based solutions thatenable organizations to change and adapt to it.Our relentless customer focus, product vision, scale,and geographic reach give us great confidence inour ability to take full advantage of these marketdynamics and deliver strong, profitable growth.As we continue to invest in Dayforce, our people,and our business, we know it all serves to strengthenthe quantifiable value our customers have come toexpect from us and further our ability to deliver valueto you, our fellow stockholders.

Our fourth quarter results included 23.3 millionof Ascender revenue, of which 5.4 million wasrecognized in Dayforce recurring revenue, 0.6million was recognized in Dayforce professionalservices and other revenue, and 17.3 million wasrecognized in Bureau revenue.Noémie HeulandEVP and Chief Financial OfficerThe quarterly and annual financial highlights andbusiness outlook below are on a year-over-yearbasis and reported in U.S. dollars, unless otherwisestated.RevenueOur financial performance in the fourth quarter of2021 was strong: Dayforce recurring revenue increased by 39.5million, or 30%, to 170.4 million. Excluding floatrevenue, Dayforce recurring revenue increased by32%, or 31% on a constant currency basis. Dayforce revenue increased by 45.8 million, or27%, to 216.5 million. Excluding float revenue,Dayforce revenue increased by 28%, or 27% on aconstant currency basis. Powerpay revenue increased by 1.7 million, or7%, to 24.9 million. Excluding float revenue,Powerpay revenue increased by 8%, or 5% on aconstant currency basis. Cloud revenue, which includes both Dayforce andPowerpay, increased by 47.5 million, or 24%,to 241.4 million. Excluding float revenue, Cloudrevenue increased by 26%, or 25% on a constantcurrency basis. Total revenue increased by 59.3 million, or 27%,to 282.1 million. Excluding float revenue, totalrevenue increased by 28%, or 27% on a constantcurrency basis.10Q4 2021 Stockholder letterThe average float balance for our customer fundsduring the fourth quarter increased 28% to 4,031.4million, compared to 3,145.5 million. The averageyield on our float balance was 1.01% during thefourth quarter, a decline of 32 basis points. As aresult, float revenue from invested customer fundswas 10.1 million in the fourth quarter, compared to 10.6 million. The allocation of fourth quarter 2021float revenue to Dayforce and Cloud revenue was 7.2 million and 9.4 million, respectively.Impact of COVID-19As anticipated, the COVID-19 pandemic has had anadverse impact on revenue during the fourth quarter,primarily in the form of lower employment levels atour customers, and lower demand for professionalservices.We estimate that lower employment levels atour customers adversely affected fourth quarterrevenue by approximately 2.5 million, of whichapproximately 2.0 million was related to Dayforceand approximately 0.5 million was related toPowerpay.We believe that our ability to earn float revenue oninvested customer funds is a positive aspect of ourbusiness model. Insofar as market investment ratesreturn to pre-pandemic levels, we believe there isopportunity for high-margin float revenue to increaseand provide a tailwind to future revenue growthand cash flow. Based on current market conditions,portfolio composition, and investment practices, a100-basis point increase in market investment rateswould result in an approximately 23 million increasein float revenue, and an approximately 17 millionincrease in cash flow, over the ensuing twelve-monthperiod.

Gross marginIn the fourth quarter of 2021, Cloud recurring grossmargin was 72.2%, compared to 70.9%, an expansionof 130 basis points. Excluding float revenue, Cloudrecurring gross margin expanded by 170 basis pointsas we continue to realize economies of scale incustomer support and hosting costs. Professionalservices and other gross margin was (6.3)%,compared to (4.1)% last year.Earnings per shareNet loss in the fourth quarter of 2021 was ( 9.5)million, or ( 0.06) per diluted share, compared to( 17.3) million, or ( 0.12) per diluted share. Adjustednet income in the fourth quarter of 2021 was 9.3million, or 0.06 per diluted share, compared to 14.0 million, or 0.09 per diluted share.Adjusted EBITDAAdjusted EBITDA increased by 17% to 38.7 millionin the fourth quarter of 2021. Excluding floatrevenue, Adjusted EBITDA increased by 27%, andAdjusted EBITDA margin contracted by 10 basispoints, reflecting continued investment in productdevelopment and sales and marketing.Depreciation and amortizationIn the fourth quarter of 2021, depreciation andamortization increased by 3.3 million to 18.2million. The increase is primarily driven by 3.7million of depreciation and amortization fromAscender and Ideal, which includes amortization ofintangible assets and depreciation of fixed assets.Full year 2021 revenue and gross marginWe are pleased by our full year 2021 financialperformance: Dayforce recurring services revenue increased by 126.4 million, or 25%, to 626.6 million. Excludingfloat revenue and on a constant currency basis,Dayforce recurring services revenue increasedby 27%.11Q4 2021 Stockholder letter Dayforce revenue increased by 137.1 million, or21%, to 785.9 million. Excluding float revenue andon a constant currency basis, Dayforce revenueincreased by 22%. Total revenue increased by 181.7 million, or 22%,to 1,024.2 million. Excluding float revenue and ona constant currency basis, total revenue increasedby 22%. Cloud recurring services gross margin increased 110basis points to 72.3%, compared to 71.2% in 2020.Excluding float revenue, Cloud recurring servicesgross margin expanded 200 basis points.Other key performance metricsAnnual Cloud revenue retention rate was 96.8% in2021, compared to 95.8% in 2020.2021 Cloud annualized recurring revenue (“ARR”)was 779.8 million as of December 31, 2021, anincrease of 26.2%, or 161.9 million, from December31, 2020.Balance sheet and liquidityAs of December 31, 2021, we had cash andequivalents of 367.5 million, and our total debtbalance was 1,242.5 million.During the fourth quarter of 2021, we sold theoffice building, land, and fixed assets of our St.Petersburg, Florida facility for 40 million, lessfees and expenses, which resulted in a gain on thesale of 19.1 million, which was recognized in theconsolidated statements of operations within selling,general, and administrative expense. This gain onsale has been excluded from Adjusted EBITDA andimproved our cash flow from investing activitiesin 2021.

Business outlookBased on information available as of February 9,2022, Ceridian is issuing guidance for the full yearand first quarter of 2022 as indicated below.Comparisons are on a year-over-year basis, unlessstated otherwise.Full Year 2022 guidance Dayforce recurring revenue, excluding floatrevenue, of 751 million to 762 million, or anincrease of 26% to 28% on both a GAAP basis anda constant currency basis. Cloud revenue of 1,054 million to 1,075 million,or an increase of 21% to 23% on both a GAAP basisand a constant currency basis. Total revenue of 1,192 million to 1,217 million, oran increase of 16% to 19% on a GAAP basis and 17%to 19% on a constant currency basis. Adjusted EBITDA of 180 million to 195 million.First quarter 2022 guidance Dayforce recurring revenue, excluding floatrevenue, of 177 million to 180 million, or anincrease of 29% to 31% on both a GAAP basisand a constant currency basis. Cloud revenue of 249 million to 254 million, oran increase of 23% to 25% on both a GAAP basisand a constant currency basis. Total r

The company decided to partner with Ceridian as part of a global business transformation journey for its pay and time solutions. A premier multi-national consulting company is now live with Dayforce for 73,000 employees in the U.S. and Canada. Dayforce provides the customer with a unified, cloud-based solution