Paycor Investor Presentation Deck

SMB Opportunity is massive and Growing $37B Projected TAM -61M U.S. SMB 10-1000 employees x $50 Future List PEPM $32B Current TAM ~61M U.S. SMB 10-1000 employees x $44 List PEPM (¹) <2% PYCR market share(2²) Modern HCM platforms comprise a small portion of the market Source: U.S. Bureau of Labor Statistics, National Business Employment Dynamics Data by Firm Size Class: May 2023. 1. Sources: BLS data, # of U.S. employees at firms with 10-1000 employees through Q1 2022 multiplied by our list per-employee per-month ("PEPM") rate as of May 10, 2023 for our full suite of products. 2. Represents Paycor revenue for the fiscal year ended June 30, 2022. 4

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