Paycor Investor Presentation Deck

SMB Opportunity is massive and Growing $45B Projected TAM -62M U.S. SMB 10-1000 employees x $60 Future List PEPM $38B Current TAM -62M U.S. SMB 10-1000 employees x $51 List PEPM (¹) <2% PYCR market share(2²) Modern HCM platforms comprise a small portion of the market Source: U.S. Bureau of Labor Statistics, National Business Employment Dynamics Data by Firm Size Class: November 2023. (1) Sources: BLS data, # of U.S. employees at firms with 10-1000 employees through Q1 2023 multiplied by our list per-employee per-month ("PEPM") rate as of November 8, 2023 for our full suite of products. (2) Represents Paycor revenue for the fiscal year ended June 30, 2023. 4

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