Investor Presentaiton

Multi-Year Investments Expected to Generate Incremental Returns in the Near-Term Total Shareholder Return Objective - Top Quartile of S&P 500 TSR Components Revenue Growth Annual Margin Expansion Pretax Earnings Taxes FY18F FY19F-20F Annualized Longer Term Expectations (per March 2015 Investor Day) 7-9% 5-6% +50-75 bps 11-13% 7-9% (50)-(25) bps ~100 bps 4-5% ~(3)% 13-15% Net Share Reduction ~1% ~1% ~1% EPS 12-14% 2-4% 14-16% Dividend Yield 2-3% 2-3% 2-3% Copyright 2017 ADP, LLC. 36 ADP A more human resource.

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