3Q 2020 Investor Presentation

Moody's Corporation Financial Profile 3Q 2020 TTM Revenue: $5.3 billion ■Recurring Transaction ■U.S. ■Non-U.S. 45% 55% MIS Other 1% PPIF 9% 45% FIG RD&A¹ 28% MIS 10% MA SFG 7% ERS 10% 55% CFG 35% Revenue Operating Expenses Effective Tax Rate Full Year 2020 Guidance as of October 29, 2020² >> Increase in the high-single-digit % range » 19.5% 21.5% >> Increase in the low-single-digit % range » Approximately 45% >> Approximately 50% Diluted EPS Adjusted Diluted EPS³ Share Repurchases » $9.30 $9.50 » $9.95 $10.15 » Approximately $500 million Includes trailing twelve months of professional services revenue. Excludes MAKS. 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"), will now be reported as part of the RD&A LOB. Operating Margin Adjusted Operating Margin³ 1. 2. See press release titled "Moody's Corporation Reports Results for Third Quarter 2020" from October 29, 2020 for Moody's complete full year 2020 guidance. 3. These metrics are adjusted measures. See Appendix for reconciliations from adjusted financial measures to U.S. GAAP. Note: The revenue reclassifications of REITs to Corporate Finance from Structured Finance and the FACT product from RD&A to ERS are reflected in the full year (FY) calculations. MOODY'S 3Q 2020 Investor Presentation - November 11, 2020 10

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