3Q 2021 Investor Presentation slide image

3Q 2021 Investor Presentation

Moody's Corporation Financial Profile 3Q 2021 TTM Revenue: $6.0 billion ■Recurring ■Transaction ■U.S. ■Non-U.S. 45% 55% 46% 54% MIS Other¹ 1% PPIF 9% FIG 10% RD&A 28% MIS MA SFG 8% ERS CFG 10% 34% 1. 2. 3. 4. Revenue Operating Expenses Operating Margin Adjusted Operating Margin³ Full Year 2021 Guidance as of October 28, 20212 >> Increase in the low-teens % range >> Increase of approximately 10% >> 46% -47% >> Approximately 51% Effective Tax Rate Diluted EPS Adjusted Diluted EPS³ Share Repurchases4 » 19.5% 20.5% » $11.65 $11.85 » $12.15 $12.35 » Approximately $750 million MIS Other consists of non-ratings revenue from ICRA, KIS Pricing, KIS Research and revenue from providing ESG research, data and assessments. During 2020, the company increased its stake in V.E from 69.2% to 99.8%. 3Q 2021 trailing twelve months revenue includes five quarters of results for V.E and Four Twenty Seven due to the close of a financial reporting lag pursuant to the integration of these businesses. The incremental revenue resulting from the closing of this reporting lag was not material to Moody's financial results. See press release titled "Moody's Corporation Reports Results for Third Quarter 2021" from October 28, 2021 for Moody's complete full year 2021 guidance. These metrics are adjusted measures. See Appendix for reconciliations from adjusted financial measures to U.S. GAAP. Full year 2021 share repurchase guidance is subject to available cash, market conditions, M&A opportunities and other ongoing capital allocation decisions. Moody's | Better decisions 3Q 2021 Investor Presentation 9
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