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 65% 20% 11% 34% Q4 FY'21 58% 16% 9% 33% Q4 FY'22 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 0% Q4 FY¹21 $0 8% Q4 FY'22 $9 13

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