Paycor Investor 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 56% 16% 8% 31% FY¹22 I 57% 16% 9% 32% Q2 FY¹22 55% 14% 8% 32% Q2 FY¹23 Note: $ in millions. Please see Appendix for GAAP to non-GAAP reconciliation. Amounts may not foot due to rounding. Adjusted Operating Income 14% Adjusted Operating Income Margin || FY'19 $42 14% 14% FY'20 FY'21 $46 $48 11% FY'22 $47 10% Q2 FY'22 I $10 13% Q2 FY¹23 $18 13

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