3Q 2020 Investor Presentation

$ Millions ERS: Recurring ~80% of Revenue with Mid-teens CAGR $500 $400 $300 61% $200 ERS Revenue: Recurring1 vs. Non-recurring Recurring Revenue CAGR² = 16% 100% 77% 80% 60% 40% % Recurring » ERS recurring revenue has grown by approximately $200 million since 2015 » Emphasis on subscription products supports scalability, drives operating leverage and margin Ease of use and lower cost of ownership shifting customer demand to SaaS » Next gen products enhance customer experience, improve adoption rates and shorten sales cycles » TTM³ revenue as of 3Q 2020: $100 $0 2015 2016 One-Time (L) 20% - Subscriptions (recurring) 4 +12% - 0% One-time (non-recurring) +19% 2017 2018 2019 TTM 3Q20³ Recurring (L)1 -% Recurring (R) ERS 1. 2. Recurring revenue includes maintenance and subscription. Compound Annual Growth Rate, 2015-2019. 3. Trailing twelve months ended September 30, 2020. 4. Subscriptions / recurring revenue include maintenance. Excluding maintenance, TTM subscription / recurring revenue would be +16%. MOODY'S 3Q 2020 Investor Presentation - November 11, 2020 51

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