Investor Presentaiton

2 Investments in Technology and Service Are Yielding Productivity Gains $'000s Gross Revenue / FTE 2.2% CAGR 215 188 Adjusted EBIT (2) / FTE $'000s 2.2% CAGR 42 37 1.4% CAGR 162 149 223 23 FY11 FY17 Net Operational Revenue (1) Represents Gross Revenue/FTE including Pass-Throughs and Client Funds Notes: 1. 2. FY11 6.9% CAGR 35 FY17 Adjusted EBIT excluding Client Funds Adjusted EBIT/FTE including Client Funds Net operational revenue is a non-GAAP metric. Refer to the Additional Materials for a reconciliation to the closest GAAP metric. Adjusted EBIT is a non-GAAP metric. Refer to the Additional Materials for a reconciliation to the closest GAAP metric. Copyright 2017 ADP, LLC. 28 ADP A more human resource.

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