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 55% 16% 11% 29% Q2 FY'21 57% 16% 9% 32% Q2 FY¹22 Adjusted Operating Income Note: $ in millions. Please see Appendix for GAAP to non-GAAP reconciliation. Amounts may not foot due to rounding. Adjusted Operating Income Margin 14% FY¹19 $42 14% FY'20 $46 14% FY¹21 $48 16% Q2 FY'21 $13 10% Q2 FY¹22 $10 12

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