#1FACTSET April 5, 2022 INVESTOR DAY 2022 0.0 GDigital Product C Foll Integration Daily Production Lite 50% FACTSET https://www.goog Processing PM10X 60% Acquire 1 Parse Creation Date 2020-10-30 05:40 3000 Document Search Charting News Analytics Recent Issues View all M&A: Sale Announced 2000 1000 Berkshire Hathaway Inc. Class B BRKB-US Multi-Line Insurance $348.19 Status Resolved $844.00 Alleghany Corporation Y-US Property/Casualty Insurance Calculation History (90 Day) Source: FactSet B9 Portfolio Highlights Portfolio Name >Canadian Equity >Us Equity Strat... VUS Mid Cap Gro... 7 08/30 NESN-CN REPORTS Table Symbol Events Calendar StreetAccount 09/06 News Indicators-Executiv... Ceffor ADRE-US CRA ATGE-US SBUX-US $86.58 Q Search or Type a Question Options Ownership NVDA-US Starbucks Corporation SBUX-US Restaurants Impact Summary Kevin Johnson's abrupt departure as Starbucks CEO SBUX-US is held in 3 portfolios and has the NTAP-US Ta Action Mit wil 09/13 Revenue Exposure By Country Total Revenue CHF91.48 Neste SA. NESH-CH CHF106.38 09/20 HE Calendar Screening 09/27 News Indicators-Executiv... High Impact Transcript Adobe Inc. Raymond James Financial, Inc. RUF-US Investment Banks/Brokers $106.36 ADRE-US Packaged Software $422.96 Impact Summary RAYMOND JAMES FINANCIAL: expands technology & services investment banking offering with WAR 30.2 8.5" Revenue Exposure by Super-region 10/04 40 Showing 118 32 3.1 3.0 Time & Sales 2.7 57% 10/11 212 12 We 162 62 15 08 674 44 Africa/Middle East Economics People PM10x 10/18 Fate water Country Map of Revenue Exposurs 2017 2016 Americas +0100 10/25 Impact Summary FactSet identifies a potential negative impact on the company's price within the next 20 days based on the company's latest transcripts ADRE Country Map of Revenue Exposure 11/01 20 11/08 1 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only M&A: Acqu Ou Developed 1 $55.61 11/15 Impact Sum On 21 Marc scquisition GmbH E highest#2FACTSET INVESTOR DAY 2022 Welcome + Opening Remarks Kendra Brown, Global Head of Investor Relations PARTSE Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 14#3FACTSET Forward-Looking Statements and Non-GAAP Measures This presentation, and other statements that FactSet may make at Investor Day 2022, contains forward-looking statements based on management's current expectations, assumptions, estimates, forecasts and projections as of the date such statements are made about future events and circumstances. All statements that address expectations, guidance, outlook or projections about the future, including statements about our strategy, future financial results, anticipated growth, expected expenditure, product development, market position and trends, are forward-looking statements. Forward-looking statements may be identified by words like "expects," "believes," "anticipates," "plans," "intends," "estimates," "projects," "should," "indicates," "continues," "may," and similar expressions. These statements are not guarantees of future performance and involve numerous risks, uncertainties, and assumptions. Many factors, including those discussed more fully in FactSet's filings with the Securities and Exchange Commission, particularly our latest annual report on Form 10-K and quarterly reports on Form 10-Q, could cause results to differ materially from those stated. These documents are available on our website at http://investor.factset.com and on the SEC's website at http://www.sec.gov. FactSet believes our expectations and assumptions are reasonable, but there can be no assurance that the expectations reflected herein will be achieved. Unless legally required, we undertake no obligation to update any forward-looking statements made in this presentation whether because of new information, future events or otherwise. In addition, this presentation and oral statements made in connection with this presentation reference non-GAAP financial measures, such as ASV, organic revenues, adjusted operating metrics, adjusted diluted EPS, EBITDA, and free cash flow. Forward-looking non-GAAP financial measures reflect management's current expectations and beliefs, and we are not able to reconcile such non-GAAP measures to reported measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability. Non-GAAP measures should be considered in addition to, not as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as more fully discussed in FactSet's financial statements and filings with the SEC. The use of these non-GAAP measures are limited as they include and/or do not include certain items not included and/or included in the most directly comparable GAAP measure. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is provided in the appendix to this presentation. Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only#4FACTSET Agenda 8:30 a.m. 8:35 a.m. 8:45 a.m. 9:15 a.m. 9:25 a.m. 9:40 a.m. 10:00 a.m. 10:20 a.m. Introduction + Agenda Business + Strategic Overview The Digital Platform Q+A Break + Product Demonstrations Research + Advisory Solutions Analytics + Trading Solutions Content + Technology Solutions 10:40 a.m. 11:00 a.m. 11:15 a.m. 11:25 a.m. 11:40 a.m. 12:00 p.m. 12:20 p.m. 12:25 p.m. Q+A Break + Product Demonstrations Growth Mindset + FactSet Culture Sales Strategy Financial Update Q+A Closing Remarks Lunch + Product Demonstrations Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 4#5FACTSET Today's Presenters Phil Snow Chief Executive Officer Kristina Karnovsky Chief Product Officer Kendra Brown Global Head of Investor Relations Jonathan Reeve Head of Content & Technology Solutions John Costigan Chief Content Officer Rob Robie Head of Analytics & Trading Solutions Gene Fernandez Chief Technology & Content Officer Helen Shan Chief Revenue Officer Linda Huber Chief Financial Officer Goran Skoko Head of Research & Advisory Solutions Vinay Kapoor Chief Diversity, Equity & Inclusion Officer Dan Viens Chief Human Resources Officer Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 5#6FACTSET INVESTOR DAY 2022 01 . Business + Strategic Overview Phil Snow, Chief Executive Officer Copyright © 2022 Set Research Systems Inc. All rights reserved. Business Use Only 6#7FACTSET Our purpose is to drive the investment community to see more, think bigger, and do its best work We are transforming the way our users discover, decide, and act on opportunities 01 We are a growth company We drive sustainable growth through continued investment and executional excellence. 02 Innovation drives us We relentlessly focus on products and solutions to meet the evolving needs of the market. 03 Our large addressable market provides opportunity We are a market leader with unique content that provides a deep competitive moat. 04 Our subscription business provides stability Our subscription-based model provides stable revenues and strong client retention. 05 Talent and culture are our foundation We focus on recruiting, retaining, and rewarding a diverse and empowered workforce. Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 7#8FACTSET We're a growth company with a history of significant market outperformance Stock performance vs. S&P 500 (last five years) ¹ 1 FACTSET > S&P 500 FACTSET > Market Cap: 2017 $7B 1 Year +35% +13% 3 Years +72% +59% 2018 $8B ¹Market prices as of April 1, 2022 2 FactSet began trading on the New York Stock Exchange on June 28, 1996 5 Years +160% +92% 10 Years +333% +223% 2019 $9B Since IPO ² +11,259% +578% 2020 $10B 2021 $12B FDS (+160%) S&P 500 (+92%) Apr 2022 $16B Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only#9FACTSET Our strategy: Build the leading open content and analytics platform to deliver a differentiated advantage for our clients Client Obsession Drive Next-Generation Workflow Solutions alal Scale Up Our Content Refinery Client Obsession: Deliver open, flexible, adaptive, solutions as part of our open ecosystem with hyper-personalized digital products to provide the "next best action" across the investment lifecycle Next-Generation Workflows: Build differentiated next-generation solutions to streamline our clients' workflows and deliver tangible efficiencies for the front, middle, and back office Content Refinery: Provide the most comprehensive and connected inventory of client, proprietary, and third-party content in our industry Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 9#10FACTSET Five key trends inform our strategic investments to drive growth € Efficiency of Operations Technology Disruption, Generational Shift Alpha Driven by Depth of Data Value Investing and Regulation Multi-Asset Class Content and Analytics Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 10#11FACTSET We see significant opportunity to capture more of the addressable market $32B Total Addressable Market¹ $10B Serviceable Addressable Market¹ $1.7B FactSet (FY21)² Total Addressable Market Opportunity Note: Total addressable market (TAM) is the total market demand for a product or service. Serviceable addressable market (SAM) is the segment of the TAM targeted by FactSet's products and services within our geographic segments. 1 TAM and SAM are 2020 figures. Source: FactSet internal data, BCG analysis 2 Organic ASV + Professional Services ASV FactSet ASV and Opportunity Size (ASV vs. CAGR) Buy Side Banking ● Total Addressable Market (TAM) Wealth CAGR PE/VC Corporates Serviceable Addressable Market (SAM) Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 11#12FACTSET ASV growth rates¹ by geography have largely doubled since 2019 Americas $1,079M 2 ● Deep sector and private market investments drive banking growth Large wealth deals contributing 5.3% FY18 4.7% 5.2% FY19 FY20 7.4% 9.6% FY21 FY22 Q2 ¹ FY18 to FY22 Q2 Organic ASV LTM Growth Rates by Region 2 FY22 Q2 Ending ASV; exclude $24M Pro Svc ASV ● EMEA $460M 2 Significantly higher retention due to product investments Higher demand for feeds and APIs Buy-side and analytics growth accelerating 4.7% 3.9% 4.6% 5.6% 7.8% FY18 FY19 FY20 FY21 FY22 Q2 ● ● ● AsiaPac $181M² Buy-side and banking driving growth Balanced demand across both global and regional clients Growth increasing in new business 11.2% 10.7% 7.5% 12.3% 14.3% FY18 FY19 FY20 FY21 FY22 Q2 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 12#13FACTSET We are seeing the results of accelerated investment in content, technology, and people Goals for FY22 (provided in September 2019) 2 FY22 Guidance (as of March 24, 2022) 3 FY22 Outlook: Organic ASV Growth 1 Adjusted Operating Margin Adjusted Diluted EPS Growth High Single Digit 0 33%+ 10%+ Organic ASV + Professional Services 2 FactSet's expectations as of September 26, 2019 3 FactSet's expectations as of March 24, 2022 4 Growth over fiscal 2021 5 Includes CUSIP Global Services (CGS). Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics → → 个 8% -9% 4 33% -34% 5 14% -17% 4,5 Achievement of Goals Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 13#14FACTSET Medium-term outlook: 8-9% top line growth, 50-75 basis points of adjusted operating margin expansion per year, and 11-13% EPS growth 8-9% ASV Growth Goal 1,2 35-36% Adjusted Operating Margin Goal 3 11-13% Adjusted Diluted EPS Growth Goal 2 Medium term outlook represents FactSet's expectations as of April 5, 2022. Actual results may differ materially from expectations above. 1 Organic ASV + Professional Services 2 Average target growth rate through FY25 (on average per year) 3 Margin outlook by the end of FY25 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 14#15FACTSET INVESTOR DAY. 2022 02 The Digital Platform Gene Fernandez, Chief Technology and Content Officer Kristina Karnovsky, Chief Product Officer John Costigan, Chief Content Officer Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 15#16FACTSET INVESTOR DAY · 2022#17FACTSET Q+A INVESTOR DAY 2022 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 17#18FACTSET Break INVESTOR DAY 2022 Copyright © 2022 FactSet Research Systems Inc. All rights eed. Business Use Only 18#19FACTSET INVESTOR DAY 2022 03 Research + Advisory Solutions Goran Skoko, Head of Research + Advisory Solutions Copyright © 2022 FactSet Research System Inc. Alights reserved. Business Use Only 19#20FACTSET Research + Advisory Highlights 01 Focused on large ASV growth opportunities in corporates, fueled by our investment in Deep Sector. Also focused on private equity and venture capital ("PE/VC") supported by our recent acquisition of Cobalt, a provider of private capital data 02 Expected accelerated growth in our Institutional Asset Management business due to our investments in Front Office workflow 03 Wealth continues to be a driver for FactSet's overall growth, supported by new tools like Advisor Dashboard 04 Deep Sector investment is powering deeper engagement and heightened ASV retention in banking, while providing further opportunities for growth 05 Building a strong Private Markets solution to power the Private Equity Lifecycle, which is lifting overall ASV retention and enabling cross-selling and growth in our PE/VC segment *FY22 Q2 Ending ASV and ASV LTM Growth 9.1%* LTM Growth $836M* ASV Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 20#21FACTSET Research & Advisory Solutions: Opportunities for Growth Research & Advisory is expected to continue high-single-digit ASV growth, driven by continued growth in our largest firm types and accelerating growth in PE/VC and corporates www. Institutional Asset Management Expanded Front Office capabilities to generate market share gains Investments in ESG, Deep Sector and Private Markets driving higher retention and better price realization *FY22 Q2 Ending ASV Banking Continued growth in the strong M&A/Capital Markets environment Deep Sector and Private Markets both driving higher ASV/client retention and new clients Wealth Management Advisor Dashboard and workflow-built tools for advisors aimed to win market share from competitors Large market and significant opportunity Corporates ww Greenfield opportunity with consistent double digit ASV growth Growth supported by Deep Sector investment, allowing us to sell to more user groups Private Equity & Venture Capital Private Markets investment enabling deeper client engagement and faster growth in this segment Cobalt acquisition driving cross-selling opportunities Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 21#22FACTSET Research & Advisory Solutions: Deep Sector Sector-specific content and workflow tools power engagement across firm types and open sizeable new markets Connected Product Suite: Workstation, Feeds, APIs Real-Time Quotes, News and Markets Coverage IIIII Banks 4 Energy Insurance Media & Telecom Specialty Finance Bal REITS 1+ Metals & Mining Healthcare Deep Company, Security and Sector-Level Research Dedicated Investment Banking Applications Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 22#23FACTSET Research & Advisory Solutions: Private Markets Collecting, acquiring and partnering to build private market content to power workflows across the Private Equity lifecycle Fundraising THE PRIVATE EQUITY LIFECYCLE Deal Sourcing O Due Diligence 0000 Portfolio Management (9) Exit Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 23#24FACTSET Research & Advisory Solutions: Advisor Dashboard Wealth managers get better results with Advisor Dashboard, a tool designed for efficient management of large-scale portfolios and complex client relationships ADVISOR DASHBOARD ensures that advisors are... INFORMED on their client portfolios, uncovering intelligence despite "noise" ENGAGED with their clients, enabling personalized service at scale ALIGNED with the firm's investment thesis, promoting the firm's best thinking !!! Sales Home Accounts v Advisor Dashboard DU 30 industrials Average 34,818.27 139.920 Advisor Dashboard Book of Business $9.8B $212.5M ACCOUNTS AUM Distribution HOLDINGS $9.8B Total Assets Unrealized Gain/Loss Description >Sharon Jones (5) James Jones (4) James Jones-IMA NASDAQ Composite 14,477.71 216.210 64 59+ 5+ Households $5.10 17 Pied income $4.5860% James Jones - LCC James Jones-SRA James Jones-LCV-ETRIME >Reed (11) $212.5M 22% Alternatives 13.3M00 Account 10 4064786 4004154 4554668 4084162 S&P 500 4,568.10 +22.240 131104+ 27 + Clients Movers Top Kathleen C Manning Mara endricks Robert W. Donovan Estela Pers % of Book 4.63% 3.17 % 1.47% 0.54% 0.43% 0.31% 0.19% 4.40% 246 195+ 51+ Accounts WOOOO Market Value $455,690,330 $311,402,827 $144,287,504 $52.779.826 $42,014,506 $30,471,846 $19.021,326 $438,200,425 Financial Advisor S&P TSX 22,023.11 +70.160 $164 Holdings Date: Apr 01, 2022 (1) Search Book 4,238 1850 11124 Holdings Data em 1D MV Chg 000000 1D Market Value Che $1,044,445 $410,010 $625,526 $345,640 $156,641 Advisor Dashboard $117.003 -$23.848 Bottom Lucile Armatong Julle Wagner Branden Blair Donald Dougherty 10 Market Value % Che 0.23% 0.13% 0.66% -0.13% Brent Crude Oil (FEU S 106.61 +2.220 0.25% Group by: Client Name -$325 -827728 -12257K -330.000 Charts Total Port Cost $232,610,309 $141,101,135 $91,500,174 $37,531.905 $21,986,672 $23,609,867 $8.340,731 -105.000 US ZY T-Note Yiel 2.44 +0.017 Q ↓ Unrealized $223,000,021 $52,778,329 $15.257,921 $20.027,834 $6,811,979 $10.660.595 $207,706,200 Notifications US 10v 7-Note Vie... 2.41 +0.031 NEWS RESEARCH Filtrs V ? Canadian Dollar 1.25 +0.003 Book Selection @ SIGNALS EVENTS Order by: AUM V > StreetAccount M&A Summary: Week of 28-Mar 9:39 AM SA AXSM-US(+14) $245.2M 90 Aces > Bank of America Mobilized and deployed $250 billion in sustainable finance capital in 2021 ($40.90, 0.00) 7:07 AM SA RAC-US $176.8M 51 Acts > Citigroup to sell consumer banking business in Bahrain to Ahli United Bank ($52.14,-0.19) 12:06 PM SA C-US $159.5M 42 Acces > MasterCard completes previously announced acquisition of Dynamic Yield from McDonald's.... 8:47 AM SA MA-US(+1) $150.2M 28 Accts llow-up: FDA releases briefing documents ahead of 6-Apr meeting to discuss COVID-19 vaccines 8:09 AM SA N-US(+2) $115.5M 37 Acc > FDA releases briefing documents ahead of 6-Apr meeting to discuss COVID-19 vaccines 02 AM SA UNU-US(-2) $115.5M 37 Accts 8:02 Barron's Summary Apr 02 SA AGBV-US(+9) $100.9M 58 Acts X > FDA approves Gilead Sciences SBLA for Yescartato include treatment of adults with relapsed of... Apr 01 SA GILD-US(+1) $82.4M 34 Accts > Piper Sandler reports that AbbVie's anticipated Q1 update on CF appears pushed to earnings timefram Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 24#25FACTSET Research & Advisory Solutions: Takeaways 2 3 4 5 Focused on large ASV growth opportunities in corporates, fueled by our investment in Deep Sector. Also focused on private equity and venture capital supported by our recent acquisition of Cobalt, a provider of private capital data Expected accelerated growth in our Institutional Asset Management business due to our investments in Front Office workflow Wealth continues to be a driver for FactSet's overall growth, supported by new tools like Advisor Dashboard Deep Sector investment is powering deeper engagement and heightened ASV retention in banking while providing an opportunity for growth Building a strong Private Markets solution to power the Private Equity Lifecycle, which is lifting overall ASV retention and enabling cross-selling and growth in our PE/VC segment Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 25#26FACTSET INVESTOR DAY 2022 ● 04 Analytics + Trading Solutions Rob Robie, Head of Analytics + Trading Solutions Copyrig Set Research Systems Inc. All rights reserved. Business Use Only 26#27FACTSET Analytics + Trading Solutions Highlights 01 Market-leading open portfolio lifecycle solutions spanning the front and middle office, capitalizing on market consolidation 02 Hyper-personalized applications that enable the front office to grow assets and to outperform 03 Driving efficiency in the middle office through updated performance, risk and reporting functions 04 High-touch support, implementation and outsourcing options so our clients can focus on managing assets vs. administering software 05 Portfolio lifecycle solutions unlock value by combining client portfolio data ($31 trillion in AUM) with FactSet and third-party content *FY22 Q2 Ending ASV and ASV LTM Growth FACTSET Ops Candro Ore Ado Fma D 3 P N $619M* ASV P 8.9%* LTM Growth V Tho Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 27 the#28FACTSET Analytics & Trading: Opportunities for Growth Portfolio lifecycle solutions drive cross-selling and capture new business BUY-SIDE Growing Front Office market share among institutional asset managers by developing next-generation portfolio management workflows and advancing trade execution technology ● ● ● Expanding our portfolio analytics footprint among institutional asset managers and asset owners by offering official performance solutions in a state-of-the-art framework Accelerating how we operate as an open provider Building partnerships to provide clients with additional ways to adopt our portfolio lifecycle solutions Creating a strong private markets solution to further empower private equity analytics across the portfolio lifecycle, driving ASV retention, enabling cross-selling and accelerating growth y 0 C- 391439 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 28#29FACTSET Front Office Portfolio Management and Trading Solutions Empowers traders and portfolio managers to increase efficiency, outperform and grow assets with hyper-personalized, cognitive-driven solutions OPPORTUNITIES Enable portfolio managers to make faster and better-informed decisions to generate alpha and scale assets under management Provide institutional asset managers, asset owners, and hedge funds with flexible and customizable trade automation to efficiently execute large orders Equip asset managers and asset owners to research, allocate, construct, and rebalance portfolios for both public and private investments FACTSET ity Document Search PM10X M&A: Sale Announced Berkshire Hathaway Inc. Class BRK.8-US Multi-Line Insurance $ 348.1975 $ 844.00 1 Alleghany Corporation. Y-US Property/Casualty Insurance Source: FactSet Portfolio Highlights Portfolio Name Charting News > Canadian Equity >US Equity Strat... VUS Mid Cap Gro... Symbol Table Heatmap ADBE-US ATGE-US SBUX-US Ⓒ NVDA-US NTAP-US SIMULATE Impact Q Search or Type a Question StreetAccount Options Ownership News Indicators - Executiv... Ⓒ Starbucks Corporation SBUX-US Restaurants $86.58 ¹ Impact Summary Kevin Johnson's abrupt departure as Starbucks CEO. SBUX-US is held in 3 portfolios and has the highest weight in "US Mid Cap Growth" at 3.05% Source: Bitvore Multiple (6) Multiple (36) Multiple (8) Multiple (2) 100 Saved News St... Corporate News Corporate News 100 Corporate News SIMULATE Calendar Screening Time & Sales News Indicators - Executiv... X Raymond James Financial, Inc. RJF-US Investment Banks/Brokers $106.36124 Impact Summary RAYMOND JAMES FINANCIAL: expands technology & services investment banking offering with addition of senior banker. RJF-US is held in 1 portfolio and has the highest weight in "US Equity Portfolio" at 0.17% Source: Bitvore .00000000 Description 3 Toggle Insight, 2 Corporate News, 1 Owne... 2 Saved News Stories, 6 Toggle Insight, 17... 9.70% 1 Saved News Story, 1 Toggle Insight, 1 High... 1 High Impact Transcript, 1 Corporate News There is a saved news story for ATGE-US. SBUX-US has a News Indicators - Executiv... NVDA-US has a News Indicators Financial... NTAP-US has a News Indicators- Equity Tr... 1.19% 0.07% 3.05% 32.08% Weight Market Value SIMULATE Active W... 98,516,105.80 8.56% 751,398.25 30,998,451.44 2.78% 325,784,743.... 28.64% 0.07% 12,036,562.68 1.31% High Impact Transcript Readin.... Simulate Economics People Simulate Adobe Inc. ADBE-US Packaged Software $422.96 PM10x Source: FactSet Cognitive NEWS Impact Summary FactSet identifies a potential negative impact on the company's price within the next 20 days based on the company's latest transcripts. ADBE- US is held in 2 portfolios and has the highest weight in "US Mid Cap Growth" at 9.70%. + A0 Ⓡ READING LIST SIMULATE M&A: Acqu obay $55.61 Impact Sui On 21 Mar 22 acquisition of GmbH, EBAY- highest weigh eBay EBAY- Source: Facts B Nvidia reportedly interested in exploring Intel as a foundry--Reuters, citing CEO comments ($49.3... 11:46 AM SA INTC-US(+1) | Street Takeaways - Adobe Q1 Earnings ($431.20, -35.26) 9:32 AM SA ADBE-US Insider transaction: Kroger SVP and CFO Gary Millerchip discloses sale of 45K shares - Form 4... 0 11:42 AM SA KR-US | StreetAccount Metrics Recap - Cintas Q3 Earnings G 0 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 29#30FACTSET Middle Office Performance Solutions Provides a complete solution for middle office operations, including performance measurement, attribution, Global Investment Performance Standards ("GIPS"), and reporting on cloud and API-based platforms OPPORTUNITIES Provide investment teams with a single solution for performance measurement, attribution, GIPS composite management, and reporting Provide more precise results for middle office performance and risk calculations, as required by investment teams Enable flexible, accessible, and digital distribution of performance and risk results, driving timely and transparent communication with stakeholders Global Absolute Return Benchmark: FTSE (3 M) Treasury Bill (LOC) Currency: JPY Reporting Date: 28 February 2022 Year 2012 Composite Composite Primary Total Return Total Return Benchmark Gross% Net % % 2013 2014 2015 2016 2017 2018 2019 39.00 20.91 22.00 -12.77 743 33.23 -15.67 22.00 -12.77 7.43 33:23 -15.67 11.49 11.49 32.01 32.01 6.32 6.32 11.59 0.03 16.10 10.17 2.60 4.39 YTD 2022 -6.79 -6.79 16.16 4.39 10 0.61 n/a The three-year ex-post risk statistics are not presented because the composite does not yet have 36 monthly returns as of this date. Disclosures Definition of the Firm FactSet is an independent investment management firm established in 2007. FactSet manages a variety of equity, fixed-income, and balanced assets, primarily for European clients. 2020 2021 39.00 20.91 3-Yr St Dev % Composite Benchmark Composite Benchmark 3-Yr 3-Yr 3-Yr Return% Return% St Dev % 7.46 -2.34 21.52 11.89 9.10 19.31 27.04 16.00 15.28 8.76 14.51 4.56 7.68 6.47 13.89 13.03 12.46 21.62 14.11 0.36 -2.78 -2.60 -0.79 1.28 -4.45 7.80 7.47 11.68 3.65 -1.68 -2.06 -0.72 -1.35 12.12 12.24 8.95 8.26 8.60 7.89 10.93 10.07 15.95 Composite Composite Total Firm Number of Assets Assets Portfolios Dispersion (millions) (millions) % 0.00 0.00 0.00 16.00 10.16 5.76 5.15 4.60 10 10 10 FACTSET 10 10 10 10 10 10 10 3.85 7.75 8.01 5.24 775,445 97,168,231 974,609 140,290,331 1,209,426 186,836,838 1,051,761 187 417,709 1,129,904 n/a 1,505.373 247,299,584 1,269,482 237 273,699 1,415,354 297,565,214 1,868,427 351,891,287 1.648,568 352,836,406 1,476,624 n/a 5.45 8.76 4.63 Composite Descripti FactSet's Global Absolute Return Composite is a fixed life strategy that uses a global macro approach to find what we believe are deep value-based equity and fixed-income securities. We look for value among beaten-down equity and fixed-income securities, including both investment-grade and non-investment- grade 88 12019 CFA Institute. All rights reserved. www.cfainstitute.org Global Investment Performance Standards (GIPS) for Firms bonds, and may use currency forwards to add value or for hedging purposes. Key risks: The burden of national debt, high political risks, and a possible change in monetary policy by central banks may derail the economy. Because investments include both investment- and non-investment-grade debt, there is also the risk that credit events may affect the valuation and repayment of principal and interest. Fixed-income securities are also subject to interest rate risk, sector and/or country risk, and industry risk. Equity securities are subject to several risks including market risk, company-specific event risk, or becoming worthless in the case of bankruptcy. The strategy invests in currency forwards not only for hedging purposes but also for alpha generation. There is risk that currency bets may not work in our favor as a result of political events, central bank intervention, or other factors not foreseen. The investments are expected to be liquidated in December 2022, and all proceeds will be distributed at that time. The composite was created in June 2012. Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 30#31FACTSET Open Ecosystem Open platform with flexible access to our applications and engines, providing an opportunity for partnerships OPPORTUNITIES Enhance our platform for users to systematically work within our environments Promote seamless connectivity for client and third-party systems with our Portfolio Lifecycle ecosystem Provide advanced API offerings to the interfaces and calculation engines of all Portfolio Lifecycle solutions, accelerating adoption 6 Ve 70 Wa 0 New 1.Dep 82-way R.4-Tasty Moka onk W&Puttble Contacto K1-Company chaude D produsen jopay Stig H 1Hom p Wi-Zaxar H✦XOO.12 whout p ov Mon 23/ (W) PM 1874 No T MIT VILL ENTDARY 23 And w Cast Fun Expl 5 9 K Mar 44 ( 149 es Say A k HET AL MYDAY M KANCY w r 78 79 to PAL www 4001 are t wa E www. HEM LOOF ESPA IMAN W UNI KARY ANTE 4M4E A VEN RTY MOON LOT LANG Se www 270314 U/PN UM TR42 412 M A LOME 19T AREAL An HAVE ANN Art FAM IPA 47 1209 SEP un MOW Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 31 Fan C 1408 14 UN UN BLOW 19 ING SOM SIN ROWY 404 A6 A#32FACTSET Analytics & Trading: Takeaways 2 3 4 5 Market-leading open portfolio lifecycle solutions spanning the front and middle office, capitalizing on market consolidation Hyper-personalized applications that enable the front office to grow assets and to outperform Driving efficiency in the middle office through updated performance, risk and reporting functions High-touch support, implementation and outsourcing options so our clients can focus on managing assets vs. administering software Portfolio lifecycle solutions unlock value by combining client portfolio data ($31 trillion in AUM) with FactSet and third-party content C Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 32#33FACTSET INVESTOR DAY 2022 05 Content + Technology Solutions Jonathan Reeve, Head of Content + Technology Solutions Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 33#34FACTSET Content + Technology Solutions Highlights 01 Organized and "concorded" proprietary and third-party content delivered seamlessly to clients 02 First to integrate content with cloud providers such as Snowflake, Amazon Web Services ("AWS") and Google, providing clients with access to both FactSet and other content via our Data Management Solutions 03 Differentiated ESG data via our Truvalue Labs offering, private company data, 40+ ESG data sets, and company-reported ESG data 04 Consolidated real-time pricing feeds from 250+ exchanges, with cloud-ready delivery offering high-quality streaming, delayed and historical trades and quotes 05 CUSIP Global Services, a central part of the global securities marketplace managed on behalf of the American Bankers Association, provides more than 50 million identifiers for securities around the world *FY22 Q2 Ending ASV and ASV LTM Growth 24* www A 948 448 814 High 1854.93 (+15.3 Low 1843.04 (+290) 1,680.00 1.800.00 1862.00 1848.00 1844.00 1839 14 1836.00 1,854.92 YOM SMA 3 11 12 11.9%* LTM Growth $295M* ASV Z 352.72 253,092 31373 2001 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 34#35FACTSET Content + Technology Solutions: Opportunities for Growth Our breadth of content, open technology, and platform-agnostic solutions provide significant growth opportunities Content Enterprise access to global multi-asset class connected content via FactSet's Data Management Delivered via cloud infrastructure coupled with data concordance capabilities to ease symbology and data linkages Technology Build modern applications and web portals utilizing standardized digital widgets or extract ad-hoc data to power client applications with APIs Real-time data fed trading workflows via order management system partners and FactSet Portware, powering data needs for significant growth in retail platforms Workflow Solutions Moving beyond delivery of raw content with the evolution of data management as a service External perspective on company ESG performance with Truvalue ESG data Snowflake-hosted data exploration environment provides access to premium content for programmatic analysis Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 35#36FACTSET The Flexible & Open Data Ecosystem The flexibility of Cloud providers and API delivery allows FactSet to more easily integrate with external partners and application developers, supporting our open and flexible strategy FACTSET DATA BENCHMARK DATA THIRD-PARTY DATA REAL-TIME DATA ANALYTICS Concordance Services Named Entity Recognition 3rd party data and applications are subject to the licensing terms of the owners snowflake aws Google Cloud Microsoft Azure Cloud OPENAPI INITIATIVE API's Widgets www. Enterprise Data Management Platforms Application Development Partnerships Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 36#37FACTSET Differentiated ESG Content Strategy Differentiated ESG Insights FactSet's Truvalue Labs applies artificial intelligence to quantify corporate ESG behavior from external stakeholders Comprehensive ESG Ecosystem Combines FactSet's differentiated ESG data with 40+ industry-leading third-party ESG datasets to create the most comprehensive view of ESG performance Flexible ESG Solutions FactSet offers flexibility through the FactSet Workstation and industry-leading data feeds and APIs, allowing users to easily connect FactSet content with ESG data. Green Bonds Voting / AGM Private Markets Board / People Deep Sector FACTSET CONCORDANCE COMPANY REPORTED ESG DATA OUTSIDE-IN ESG DATA TRUVALUE 3RD PARTY ESG CONTENT Supply Chain Street Account Sanctions 3rd Party ESG Data RBICS Industry Class Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 37#38FACTSET Real-time solutions spanning Enterprise Data Feeds and Digital APIs CONSUMPTION MODEL OMS APPLICATIONS | TRADING APPLICATIONS | INTRANET PORTALS | CLIENT PORTALS | OPEN WEB/SELF DIRECTED FactSet Workstation to Your Desktop Application WORKSTATION APIS Access the same real-time and historical prices in FactSet Workstation, from any desktop or web application Zero footprint, scalable, FactSet managed entitlements FACTSET CONTENT 000 Server-Based Integration ENTERPRISE FEEDS Ingest consolidated feeds for real-time and historical data into your own database or non-display application Enriched with reference data & calculated fields, cloud delivery, easy to integrate MARKET DATA APP Web Browser / Mobile Application FUNCTIONAL APIS, WIDGETS Integrate application functionality from FactSet on pricing and financial data directly into your end-user experience Screeners, alerting, charting, customization CONTRIBUTED CONTENT Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 38#39FACTSET CGS will continue to provide global leadership and innovation CGS is a central part of the global securities marketplace and is the foundation for security master files relied on by critical front, middle and back-office functions around the world ● ● CGS databases contain up to 60 different data elements relating to more than 50 million financial instruments, as well as event-driven corporate actions such as name changes, mergers, acquisitions and reverse splits EXPANSION OF IDENTIFIERS CGS AS A GLOBAL SOLUTIONS PROVIDER PROTECTION OF THE ABA'S IP THOUGHT LEADERSHIP ADDITIONAL PRODUCT GROUPS ADDITIONAL OPPORTUNITIES FOR GROWTH Leverage FactSet Al to drive new products ESG DIGITAL ASSETS CUSIP GLOBAL SERVICES ISSUANCE TRENDS Experience Process Technology Innovation EXPANSION OF IDENTIFIERS Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 39#40FACTSET Content + Technology Solutions: Takeaways 1 2 3 4 5 Organized and "concorded" proprietary and third-party content and deliver it seamlessly to client workflow solutions First to integrate content with cloud providers such as Snowflake, AWS and Google, providing clients with access to both FactSet and other content via our Data Management Solutions Differentiated ESG data via our Truvalue Labs offering, private company data, 40+ ESG data sets, and company-reported ESG data Consolidated real-time pricing feeds from 250+ exchanges, with cloud-ready delivery offering high-quality streaming, delayed and historical trades and quotes CUSIP Global Services, a central part of the global securities marketplace managed on behalf of the American Bankers Association, provides more than 50 million identifiers for securities around the world 1 Annual Subscription Value ("ASV") Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 40#41FACTSET Q+A INVESTOR DAY 2022 Copyright © 2022 FactS Research Systems Inc. All rights reserved. Businessa se Only 41#42FACTSET Break INVESTOR DAY - 2022 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 42#43FACTSET INVESTOR DAY. 2022 06 FactSet Culture + Growth Mindset Vinay Kapoor, Chief Diversity, Equity & Inclusion Officer Dan Viens, Chief Human Resources Officer Es Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 43#44FACTSET INVESTOR DAY · 2022#45FACTSET INVESTOR DAY 2022 07 Sales Strategy Helen Shan, Chief Revenue Officer Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 45#46FACTSET Sales Strategy 01 Live our Mission 02 Know our Clients 03 Execute with Excellence 04 Win with Quality 05 Grow with Confidence *FY22 Q2 Ending ASV and ASV LTM Growth 9.4%* LTM Growth $1,750M* ASV Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 46#47FACTSET OUR PURPOSE Drive the Investment Community to See More, Think Bigger, and Do Its Best Work ee Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 47#48FACTSET Live Our Mission Deliver value to clients, tailored by market and firm type SALES Research + Advisory Solutions Content + Technology Solutions Analytics + Trading Solutions by Market Americas CLIENTS FY21 ASV EMEA APAC Sell Side by Firm Type Buy Side Wealth Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 48#49FACTSET Know Our Clients Established Growth Asset Managers Asset Owners Hedge Funds Banking PE/VC Wealth Corporate Partners % ASV by Solution Analytics + Trading Content + Technology Research + Advisory |||| Client Need Insights, ESG, Consolidation Alternative Investments, ESG Connectivity, Speed, Flexibility Banker Efficiency, Deal Velocity Sourcing, Portfolio Monitoring Client Engagement Market Research, Idea Generation Connectivity of Content FactSet Value Performance, Risk, Truvalue Cabot, Signals, Private Market Alt Content, Quant tools Productivity Tools, Signals/APIs Private Company, Cobalt Advisor Dashboard, Portfolio Guide Screening, Deep Sector Data Management Solutions, APIs Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 49#50FACTSET Execute with Excellence ● ● Engage clients with teams specialized by firm type • Prioritize resources based on client potential and needs ● Ensure discipline through value-based pricing ● • Delight clients through dedicated support and workflow knowledge Tailor solutions to client workflow ● Account Potential Client Segmentation High-potential Premier accounts "New" accounts High-value Premier Global "Expand" accounts accounts "Retain" accounts Current penetration Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 50#51FACTSET Win with Quality 95%+ ASV Retention Existing Clients¹ 92% Client Retention 60%+ ASV from Clients with all 3 solutions² 13 years Client tenure based on ASV² ¹ As of 2/28/22 2 Based on a weighted average as of 2/28/22 3 FY19 to FY22 Q2 Organic ASV LTM Growth Rates New Clients 10% Growth 3-year CAGR 93%+ Client Satisfaction 30% Contribution to Growth Rate 5.1% FY19 ASV Growth Rate³ ■ Existing Client 5.3% FY20 New Client 7.2% FY21 9.4% FY22 Q2 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 51#52FACTSET Grow with Conviction Know our Clients | Execute with Excellence | Win with Quality ● ● ● ● ● ● ● Differentiated Content Workflow Solutions Firm Types Packages Client Segmentation Pricing Retention Customer Success New Logos Medium term outlook represents FactSet's expectations as of April 5, 2022. Actual results may differ materially from expectations above. ¹ Organic ASV + Professional Services 2 Average target growth rate through FY25 8-9% ASV Growth Goal 1,2 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 52#53FACTSET INVESTOR DAY 2022 08 Financial Update Linda Huber, Chief Financial Officer Cop2022 Fact search Systems Inc. All rights reserved. Business Use Only 53#54FACTSET Key Highlights 01 Robust financial model with 95% subscription-based revenues supported by pricing discipline, demonstrated EBITDA flow-through and strong free cash flow conversion 02 Strategic investments drive best-in-class solutions and scale up the content refinery, accelerating top-line growth 03 Disciplined capital allocation drives value creation while investment grade balance sheet ensures flexibility 04 Sustainable earnings growth driven by ASV growth, strategic investments and enterprise- wide productivity initiatives *FY22 Q2 Ending ASV and ASV LTM Growth $1,750M Q2 ASV* 9.4% Q2 LTM Growth* 33.7% Q2 Adjusted Operating Margin Copyright © 2022 FactSet Research Systems me All rights reserved. Business Use O 54#55FACTSET Attractive financial model with demonstrated strong free cash flow conversion Adjusted EBITDA and EBITDA Margin¹ $M 1,221 FY17 3.0% 1,350 FY18 Revenues 2.5% +6.8% 1,435 FY19 1,494 4.1% FY20 Capital Expenditures as % of Revenues 1,591 5.2% FY21 3.9% +9.7% YOY % 856 FY22 YTD 2.4% $M FY22 YTD $M FY17 FY18 FY19 FY20 FY21 Note: Figures as of FactSet fiscal year end August 31; YTD 6-month figure as of February 28 ¹ See appendix for a reconciliation of EBITDA to GAAP net income. EBITDA margin is defined as EBITDA as a percentage of Revenues. 2 See appendix for a reconciliation of Free Cash Flow to Cash Flows from Operations. FCF conversion is defined as Free Cash Flow as a percentage of EBITDA. 399 32.7% FY17 284 71.1% FY17 424 31.4% FY18 352 83.1% FY18 +7.8% 499 34.8% FY19 EBITDA +14.9% 368 Free Cash Flow² 73.7% 511 FY19 34.2% FY20 428 83.8% FY20 539 33.8% FY21 % Margin 494 91.7% FY21 +8.4% YOY % 291 34.0% FY22 YTD (13.4)% YOY% 174 59.9% FY22 YTD Free Cash Flow % FCF Conversion Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 55#56FACTSET Strategic investments have accelerated top-line growth ~$150M Incremental ASV from ~$100M Investment ¹ Kh Digital Platform Deep Sector Private Markets Other 1 Cumulative three-year investments (FY20-FY22) based internal attribution estimates 2 Organic LTM growth reported for respective FY quarter ends 3 FactSet's expectations as of March 24, 2022. Actual results may differ materially from expectations above > Organic ASV+ Professional Services Growth ² Base growth 5.1% FY19 5.3% FY20 Acceleration from Investments 7.2% FY21 8% -9% FY22 Guidance 3 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 56#57FACTSET Returning capital to shareholders $M 284 FY17 31% 34% 352 Net Income Payout Ratio ² 28% FY18 Free Cash Flow 1 30% +14.9% FY17 FY18 FY19 FY20 FY21 Avg 30.6% 30% 368 FY19 1 Please see Appendix for free cash flow details. 2 Net income payout ratio reflects dividends as a percentage of net income. 13 Cash flow payout ratio reflects dividends as a percentage of free cash flow. 428 29% FY20 Cash Flow Payout Ratio ³ 25% 494 27% FY21 26% Avg 26.2% 24% FY17 FY18 FY19 FY20 FY21 $M $M 81 C FY17 $261 L FY17 89 FY18 Dividends $304 +9.7% $0.5B over the last five years 100 FY18 FY19 110 Share Repurchases FY20 $220 $200 $1.25B over the last five years FY19 FY20 118 FY21 $265 FY21 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 57#58FACTSET Disciplined capital allocation framework drives value creation Capital Deployed Last 5 Years (FY17-FY21) Dividend Share Repurchase Return 50% R&D M&A CapEx 50% Reinvest Capital Allocation Framework Investments (R&D / CapEx) ¹ FactSet's expectations as of April 5, 2022. Actual results may differ materially from expectations above Share Repurchase Dividends Acquisitions Medium Term Goals ¹ 1 Target annual organic investment net ~100 to 150 bps of revenues CapEx goal 2.5% - 3% revenues Normalized share repurchase (targeting to resume late FY23) 2 Target quarterly dividend 25% - 30% of net income ~ Current focus on cash flow neutral tuck-in acquisitions and partnerships Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 58#59FACTSET Optimizing capital structure to ensure flexibility Total Debt ($MM) Gross Leverage (Debt / LTM EBITDA) 1.0x $575 Feb 28, 2022¹ 3.9x $2,250 Debt incurred for CGS, closed March 1, 2022 Mar 1, 2022 2 2.0x - 2.5x Target 3 ● ● ● ● ● Capital Structure Optimization Investment grade ratings from Moody's (Baa3) and Fitch (BBB) New credit agreement with $500 million revolver ($250 million drawn) and additional $750 million accordion feature $1 billion unsecured senior notes issued (5 year $500 million 2.9% coupon; 10 year $500 million 3.45% coupon) $1 billion pre-payable three-year term loan Annual interest expense ~$50 million, ramping down to ~$40 million as term loan is repaid Floating rate exposure hedged with 24-month fixed rate swap ¹ Based on $575M of drawn revolver as of Feb. 28, 2022 and $561M of FY22 Q2 LTM Adjusted EBITDA (excludes CGS); see appendix for Adjusted EBITDA reconciliation 2 Based on additional debt incurred on Mar. 1, 2022, including $1.0B of new senior notes, $1.0B of new term loan, $250M drawn new revolver, net of repayment of $575M previous revolver 2 FactSet's expectations as of April 5, 2022. Actual results may differ materially from expectations above Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 59#60FACTSET We reaffirm fiscal 2022 guidance of 8% -9% ASV¹ growth and expanded margin FISCAL 2022 OUTLOOK As of September 28, 2021² FISCAL 2022 OUTLOOK As of March 24, 2022³ $105-$135 million $130-$150 million $1,705 - $1,720 million $1,800 - $1,830 million Organic ASV + Professional Services Growth4 Revenues5 Operating Margin5 Adjusted Operating Margin5,6 Effective Tax Rate5 Diluted EPS5 31% -32% 1 Organic ASV + Professional Services 2 FactSet's expectations as of September 28, 2021. Actual results may differ materially from expectations above 3 FactSet's expectations as of March 24, 2022. Actual results may differ materially from expectations above 4 Growth over fiscal 2021. 5 Includes CUSIP Global Services (CGS) 6 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. 32.5% -33.5% 14.5% 15.5% 25.5% -26.5% 33% -34% $11.60-$11.90 $9.75 - $10.15 Adjusted Diluted EPS4,5 $12.00-$12.30 $12.75-$13.15 The Fiscal 2022 Outlook shown here is a forward-looking statement. Given the risks, uncertainties and assumptions related to FactSet's business and operations, including the ongoing uncertainty surrounding the duration, magnitude and impact of the COVID pandemic, FactSet's actual future results may differ materially from these expectations. Investors should review the Company's cautionary statements and risk factors referred to in this presentation. 12.5% -13.5% Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 60#61FACTSET CUSIP Global Services Closed on March 1, 2022 CUSIP GLOBAL SERVICES Experience Process Technology. Innovation Annual Subscription Value (ASV) Annual Revenues % Subscription % Non-Subscription Pre-Acquisition CY 2021 ~ $157M As of Dec 31, 2021 ~ $180M Calendar Year 2021 ~ 85% ~ 15% Post-Acquisition FY 2022 ~ $165M As of Aug 31, 2022 ~ $185M Pro Forma Full Year > 85% < 15% → FY 2025 Mid-to-High Single Digit Growth Mid-to-High Single Digit Growth Constant Varies with Market Conditions Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 61#62FACTSET Margin expansion plan Actively manage key expense drivers: people, real estate, technology and third-party data Reduce real estate footprint to reduce costs Focus on sustainable margin expansion to fund investment, coupled with careful expense management and productivity goals ● ● People 7% -8% growth 1 (lower than ASV 2 growth) Increase workforce productivity with improved technology and "upskilling" • 66% in COE locations 3 ● · Prioritize resources for new investments and growth opportunities ● ● Real Estate ~150 bps reduction (as % Revenues) Reduced real estate footprint due to hybrid operating model Optimizing number of locations and floors for office facilities Decreasing expense as a percentage of annual revenues ● ● Technology Support growth and investments (8.5% -9.0% of Revenues) Continue to invest in Cloud to optimize performance Increase expense growth to support investment strategy Provide incremental client products and functionality Above goals represent FactSet's expectations as of April 5, 2022. Actual results may differ materially from expectations above. ¹ Average target growth rate through FY25 2 Organic ASV + Professional Services 3 As of Q2 FY2022 ● Third-Party Data Costs 5% -6% growth ¹ (lower than ASV 2 growth) Rationalize data sources Support strategic initiatives while managing base cost growth to inflation increases Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 62#63FACTSET We expect 8-9% ASV growth and 50-75 basis points of margin expansion per year to deliver 35-36% adjusted operating margin by year-end 2025 Research + Advisory (high single digit growth) Analytics + Trading (high single digit growth) Content + Technology Solutions (low teens growth) FactSet Adjusted Operating Margin 4,5 FactSet Organic ASV Growth 2, 3 FactSet Adjusted Diluted EPS Growth 3,5 ¹ Medium term outlook represents FactSet's expectations as of April 5, 2022. Actual results may differ materially from expectations above. ¹2 Organic ASV + Professional Services 3 Average target growth rate through FY25 (per year on average) 4 Target margin by year-end FY25 个 → 个 Medium Term Outlook ¹ 8-9% 35 - 36% 11 - 13% Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 63#64FACTSET Financial Update: Takeaways 1 2 3 4 Robust financial model with more than 95% subscription-based revenues supported by pricing discipline, demonstrated EBITDA flow-through and strong free cash flow conversion Strategic investments drive best-in-class solutions and scale up the content refinery, accelerating top-line growth Disciplined capital allocation drives value creation while investment grade balance sheet ensures flexibility Sustainable earnings growth driven by ASV growth, strategic investments and enterprise-wide productivity initiatives 1 Annual Subscription Value ("ASV") Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 64#65FACTSET Q+A INVESTOR DAY 2022 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 65#66FACTSET INVESTOR DAY 2022 09 Closing Remarks Phil Snow, Chief Executive Officer FALTSE Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 66 We#67FACTSET FactSet EBITDA and Adjusted EBITDA reconciliation ($ in millions) Net Income Interest Expense, Net Income Taxes Depreciation and Amortization Expense EBITDA Non-Recurring Non- Cash Expenses 4 Adjusted EBITDA Note: Columns may not foot due to rounding 1 Fiscal year ending August 31 2 Last twelve months ending February 28 1 FY2017¹ FY2018 ¹ $258.3 6.6 86.1 48.3 $399.2 $399.2 $267.1 14.4 84.8 57.3 $423.6 $423.6 1 FY2019 ¹ $352.8 16.6 69.2 60.5 $499.1 $499.1 3 Six months ending February 28 4 FY2020 Impairment charge to reflect the estimated fair value of an investment in a company, LTM and YTD 2022 impairment charge related to the exit of certain leased office space. FY2020¹ $372.9 9.8 54.2 57.6 $494.5 16.5 $511.0 FY2021 $399.6 6.4 68.0 64.5 $538.5 $538.5 1 LTM Q2FY2022 ² $419.3 6.7 55.3 66.3 $547.7 13.4 $561.1 YTD Q2 FY2022 3 $217.6 3.2 24.3 32.8 $277.9 13.4 $291.3 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 67#68FACTSET FactSet free cash flow reconciliation ($ millions) Net cash provided by operating activities Capital Expenditures 3 Free Cash Flow FY2017 ¹ $320.5 (36.9) $283.7 Note: Columns may not foot due to rounding 1 Fiscal year ending August 31 2 Six months ending February 28 3 Includes property, equipment, leasehold improvements and capitalized internal-use software FY2018 ¹ $385.7 (33.5) $352.1 FY2019 ¹ $427.1 (59.4) $367.8 FY2020 $505.8 (77.6) $428.2 1 FY2021 $555.2 (61.3) $493.9 1 YTD Q2 FY2022² $195.0 (20.5) $174.4 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 68#69FACTSET FactSet adjusted operating margin reconciliation FY2022 Outlook (as of March 24, 2022) ($ millions) Revenues Operating income Operating margin Intangible asset amortization Real estate charges Business acquisition costs Restructuring/severance Transformation costs ¹ Adjusted operating income Adjusted operating margin ¹ Costs primarily related to professional fees associated with the ongoing multi-year investment plan. Low end of range $1,800 $459 25.5% 26 55 40 9 5 $594 33.0% High end of range $1,830 $485 26.5% 26 55 42 5 $622 34.0% Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 69.#70FACTSET FactSet adjusted diluted EPS reconciliation FY2022 Outlook (as of March 24, 2022) ($ millions) Diluted earnings per common share Intangible asset amortization Real estate charges Business acquisition costs Restructuring / severance Transformation costs Discrete tax items Adjusted diluted earnings per common share Note: Columns may not foot due to rounding 1 Fiscal year ending August 31 2 Six months ending February 28 3 Includes property, equipment, leasehold improvements and capitalized internal-use software Low end of range $9.75 0.58 1.26 0.91 0.20 0.11 (0.06) $12.75 High end of range $10.15 0.58 1.26 0.91 0.20 0.11 (0.06) $13.15 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only 70