Paycor Investor Presentation Deck

Operating Structure Built to Drive Growth G&A R&D S&M Adjusted Operating Expenses as % of Revenue 58% 15% 14% 29% FY'19 57% 15% 13% 29% FY'20 56% 16% 10% 29% FY¹21 56% 16% 8% 31% FY¹22 I 62% 18% 9% 35% Q1 FY'22 58% 15% 9% 34% Q1 FY¹23 Note: $ in millions. Please see Appendix for GAAP to non-GAAP reconciliation. Amounts may not foot due to rounding. Adjusted Operating Income 14% Adjusted Operating Income Margin || FY'19 $42 14% 14% $46 FY'20 FY'21 | 11% $48 FY'22 $47 I 4% Q1 FY'22 $3 9% Q1 FY'23 $10 13

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