Capital Allocation and Market Strategy

Our Industry is Attractive Our Market is Big $150B Total addressable market Payroll | Workforce Management | HR | Benefits Talent | HR Outsourcing | Analytics | Payments Our Market is Growing 5-6% Expected market growth in FY22 and beyond Total addressable market data as of FY2021. Source: Census, D&B, IHS, Nelson Hall, Cerulli Associates, Internal Financial Reporting Copyright © 2023 ADP, Inc. 4 ADP

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