4Q and FY 2023 Investor Presentation slide image

4Q and FY 2023 Investor Presentation

Recurring Revenue Growth Drives Margin Expansion Recurring and Transaction Revenue Recurring Adjusted Operating Margin 1 Transaction Recurring % -15% Recurring Revenue CAGR 94% (94% (93% 91% 85% 84% FY18 FY19 FY20 FY21 FY22 FY23 26.4% 2018 +~410bps 30% to 31% 2024F 1. Guidance as of February 13, 2024. Refer to Table 12 - "2024 Outlook" in the press release titled "Moody's Corporation Reports Results for Fourth Quarter and Full Year 2023; Sets Outlook for 2024" from February 13, 2024, for a complete list of guidance, reconciliations between adjusted measures and U.S. GAAP, as well as assumptions used by the Company with respect to its guidance. Moody's | Decode risk. Unlock opportunity. 4Q and FY 2023 Investor Presentation 21
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