2Q 2020 Investor Presentation

MA: Strong Organic Revenue Growth and Margin Expansion $ Millions $475 $43 $117 MA Revenue¹ $497 YOY Change 5% $131 12% $366 $315 16% 2Q19 2Q20 RD&A ERS ■ PS MA revenue grew 8%, excluding the impact of the MAKS divestiture, acquisitions and FX Driven by KYC and compliance solutions, research and data feeds $ Millions MA Adjusted Operating Income and Margin 28.2% +50bps 28.7% $135 $21 ($13) $143 2Q19 MA Adjusted Operating Income MA Revenue MA Expense Increase 2 Increase² 2Q20 MA Adjusted Operating Income » Year-over-year margin expansion enabled by: - Top-line growth generating operating leverage - Reduced marketing, travel and entertainment expense Subsequent to the divestiture of MAKS in 2019, revenue from the Moody's Analytics Learning Solutions ("MALS") unit, which previous to 2020 was reported in the Professional Services line of business ("LOB"), is now being reported as part of the RD&A LOB. Prior periods have not been reclassified as the amounts were not material. 1. 2. Includes intercompany revenue and expenses. MOODY'S 2Q 2020 Investor Presentation - August 11, 2020 61

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