3Q 2021 Investor Presentation slide image

3Q 2021 Investor Presentation

MA 2021 Guidance: Revenue Growth and Reinvestment to Drive Future Expansion MA Revenue¹ Mid-teens-digit % increase MA Adjusted Operating Margin¹ 29.4% Approximately 29% $2.1B 2020 2021F 2020 2021F Key drivers of MA FY 2021 outlook¹ » Overall mid-90's percent retention rate » Strategic shift to subscription-based products accelerates recurring revenue growth » Expense discipline funds organic strategic investments M&A improves revenue growth by ~6%; lowers margin by -300 bps 1. See press release titled "Moody's Corporation Reports Results for Third Quarter 2021" from October 28, 2021 for Moody's complete full year 2021 guidance. Moody's | Better decisions 3Q 2021 Investor Presentation 36
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