Paycor Results Presentation Deck

Operating Structure Built to Drive Growth G&A R&D S&M Adjusted Operating Expenses as % of Revenue 58% 15% 14% 29% FY'19 57% 15% 13% 29% FY'20 56% 16% 10% 29% FY¹21 I I I 54% 14% 10% 30% Q1 FY'21 62% 18% 9% 35% Q1 FY¹22 Adjusted Operating Income Note: $ in millions. Please see Appendix for GAAP to non-GAAP reconciliation. Amounts may not foot due to rounding. 14% Adjusted Operating Income Margin || FY¹19 $42 14% FY'20 Confidential: Not for reproduction or distribution without express written consent from Paycor. $46 14% || FY¹21 $48 16% Q1 FY'21 $13 4% Q1 FY¹22 $3 11

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