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Investor Presentaiton

Why own ADP Consistent and Growing Revenue and Earnings ✓ Leader in industry with secular tailwinds and significant runway for growth 90%+ recurring revenue with 90%+ gross revenue retention key to predictable and strong earnings growth ✓ Sustainable margin improvement opportunity Robust Cash Flow ✓ Low capital requirements ✓ Efficient model allows ample reinvestment for organic growth ✓ Disciplined approach to acquisitions ✓ Longstanding commitment to shareholder friendly actions Strong Balance Sheet Highest credit rating in HCM ✓ Strong investment grade credit rating supports $2.3 trillion in client money movement and high-margin client funds strategy ✓ Thoughtful approach to leverage ✓ Significant intangible equity established through decades of earning client trust Copyright ©2021 ADP, Inc. 46
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