1Q 2021 Investor Presentation
Healthy Growth in MA's Recurring Revenue Supports
Long-Term Margin Expansion Amidst Investment
MA's strategic shift towards subscriptions and SaaS-based products
MA Renewable Revenue Share
100%
78%
50%
0%
2017
Robust 2020 recurring
revenue growth of 14%
» Solid retention in mid-90's percentage¹
» Strength in KYC and compliance solutions
» ERS shifted to -80% recurring revenue
90%
2020
1.
Full year 2020.
2.
Includes intercompany revenue and expenses. Changes in expenses include the impact of adjusting items.
Moody's | Better decisions
24.6%
2017
MA ADJUSTED OPERATING MARGIN² EXPANSION
+480 bps
27.8%
26.4%
2018
29.4%
2019
2020
High growth in recurring products
drives margin expansion
»-160 bps of margin expansion in 2020
» M&A strategy accelerates shift to recurring
revenue
» 189 product awards from 2017 onwards
1Q 2021 Investor Presentation
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