2Q 2023 Investor Presentation

Recurring Revenue Growth Drives Margin Expansion TTM Recurring And Transaction Revenue Recurring Transaction -16% Recurring Revenue CAGR 88% 84% 81% 2Q18 2Q19 2Q20 (92%) 2Q21 Adjusted Operating Margin¹ Recurring % 94% 93% 2Q22 2Q23 26.4% 2018 +~410bps 30.0% to 31.0% 2023F 1. Guidance as of August 3, 2023. Refer to Table 10 - "2023 Outlook" in the press release titled "Moody's Corporation Reports Results For Second Quarter 2023" from July 25, 2023, for a complete list of guidance, reconciliations between adjusted measures and U.S. GAAP and assumptions used by the Company with respect to its guidance. Refer to the Appendix for reconciliations between all adjusted measures mentioned throughout this presentation and U.S. GAAP. Moody's | Decode risk. Unlock opportunity. 2Q 2023 Investor Presentation 39

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