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Investor Presentaiton

$ Millions Financial Institutions: Revenue and Issuance1 Revenue²: Mix by Quarter ■Banking ■Insurance ■Managed Investments ■ Other Issuance³: Mix by Quarter ■Global Speculative Grade Financial Corporate Bonds ■Global Investment Grade Financial Corporate Bonds $180 $160 $2 $2 $8 $3 $500 $140 $2 $30 $3 $3 $3 $3 $8 $3 $13 $3 $6 $43 $400 $36 $32 $30 $120 $10 $6 $8 $4 $6 $33 $5 $44 $31 $18 $18 $100 $29 $28 $30 $32 $31 $31 $300 $27 $80 $29 $23 $39 $60 $200 $109 $398 $396 $395 $385 $40 $80 $84 $80 $86 $88 $95 $101 $86 $315 $333 $76 $279 $20 $100 $215 $235 $213 $0 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 $0 4Q20 1Q21 2Q21 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Revenue2: Mix by Year ■Banking ■Insurance ■Managed Investments ■ Other Issuance 3: Mix by Year ■Global Speculative Grade Financial Corporate Bonds ■Global Investment Grade Financial Corporate Bonds $600 $10 $2,000 $500 $12 $28 $13 $13 $25 $ Millions $400 $0 $0 $2 $9 $10 $22 $25 $137 $1,600 $119 $19 $16 $17 $102 $114 $16 $300 $19 $79 $89 $92 $96 $102 $ Billions $137 $74 $197 $183 $136 $1,200 $112 $98 $121 $161 $200 $800 $355 $300 $320 $1,312 $290 $1,247 $1,194 $1,187 $1,232 $100 $228 $234 $242 $244 $240 $1,072 $1,248 $1,207 $1,177 $400 $0 $0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2012 2013 2014 2015 2016 2017 2018 2019 2020 1. Total estimated market issuance unless otherwise noted. 2. Historical data has been adjusted to conform with current information and excludes intercompany revenue. 3. Sources: Moody's Analytics, Dealogic. Note: Debt issuance categories do not directly correspond to Moody's revenue categorization. Moody's | Better decisions 2Q 2021 Investor Presentation 66
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