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Investor Presentaiton

Medium-Term Growth Targets MCO Revenue MA Revenue MIS Revenue MEDIUM-TERM 1, 2, 3 At least 10% growth Low-to-mid-teens % growth Low-to-mid-single-digit % growth al MCO Adjusted Operating Margin > Low-50s % range ل MA Adjusted Operating Margin > Mid-30s % range لس MIS Adjusted Operating Margin > Low-60s % range MCO Adjusted EPS Low-double-digit % growth 1. 2. Refer to Slide 84 in the Appendix for details and assumptions with respect to medium-term guidance. Assumes no material change in effective tax rate, foreign exchange rates, leverage profile and/or capital allocation policy. 3. Subject to available cash, market conditions, M&A opportunities and other ongoing capital allocation decisions. Note: Medium-term guidance refers to a time period within 5 years. Growth refers to average annualized growth over the time period. Moody's | Better decisions 4Q & FY 2021 Investor Presentation 12
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