3Q 2021 Investor Presentation slide image

3Q 2021 Investor Presentation

$ Millions Financial Institutions: Revenue and Issuance¹ Revenue²: Mix by Quarter ■Banking ■Insurance ■Managed Investments ■ Other Issuance³: Mix by Quarter ■Global Speculative Grade Financial Corporate Bonds ■Global Investment Grade Financial Corporate Bonds $180 $2 $500 $160 $3 $2 $2 $8 $2 $8 $140 $3 $3 $8 $3 $13 $400 $36 $3 $120 $3 $6 $43 $10 $6 $6 $8 $38 $18 $33 $18 $32 $30 $35 $5 $44 $31 $100 $28 $30 $32 $300 $27 $31 $31 $29 $80 $23 $39 $200 $396 $395 $385 $60 $109 $40 $84 $80 $86 $88 $95 $101 $105 $315 $333 $316 $279 $86 $76 $100 $215 $235 $213 $20 $0 $0 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 Revenue²: Mix by Year ■Banking Insurance ■Managed Investments Other Issuance³: Mix by Year ■Global Speculative Grade Financial Corporate Bonds ■Global Investment Grade Financial Corporate Bonds $600 $500 $12 $10 $28 $2,000 $13 $13 $25 $1,600 $ Millions $400 $0 $2 $9 $10 $22 $25 $137 $0 $119 $19 $16 $17 $102 $114 $16 $300 $19 $79 $89 $92 $96 $102 $ Billions $137 $197 $74 $183 $1,200 $136 $112 $98 $121 $161 $800 $200 $355 $1,312 $1,247 $300 $320 $1,194 $1,187 $1,232 $1,248 $1,207 $290 $1,072 $1,177 $100 $228 $234 $242 $244 $240 $400 $0 $0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2012 2013 2014 2015 2016 2017 2018 2019 2020 1. Total estimated market issuance unless otherwise noted. 2. Historical data has been adjusted to conform with current information and excludes intercompany revenue. 3. Sources: Moody's Analytics, Dealogic. Note: Debt issuance categories do not directly correspond to Moody's revenue categorization. Moody's | Better decisions 3Q 2021 Investor Presentation 64
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