Paycor Investor Presentation Deck

SMB Opportunity is massive and Growing $35B Projected TAM ~58M U.S. SMB 10-1000 employees x $50 Future List PEPM $28B Current TAM ~58M U.S. SMB 10-1000 employees x $40 List PEPM (¹) -8% CAGR Last 5 Years 1% PYCR market share (²) 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: December 2021. 1. Refers to # of U.S. employees at firms with 10-1000 employees as of December 2021 multiplied by our list per-employee per-month ("PEPM") rate as of 2/3/2022 for our full suite of products. 2. Represents our revenue for the fiscal year ended June 30, 2021 4

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