Inovalon Results Presentation Deck

Investment in Innovation 22% $21 9% 2011 2010 - 2016E CAGR $27 9% 2012 $35 12% 2013 $45 12% 2014 % of Revenue $48 11% 2015 inovalon $54 - $58 11% 2016 Estimate All dollars shown in millions. Investment in Innovation includes research and development expense, capitalized software development costs and research and development infrastructure investments. The 2016 Estimate shown represents a range of internal estimates. CAGR calculations undertaken to midpoint of estimates. INOV Q4 & FY 2015 Supplement (2.25.16) v1.0.0 10 © 2016 by Inovalon. All rights reserved.

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