Paycor Investor Presentation Deck

Operating Structure Built to Drive Growth G&A R&D S&M Adjusted Operating Expenses as % of Revenue 57% 15% 13% 29% FY'20 56% 16% 10% 29% FY¹21 56% 16% 8% 31% FY¹22 54% 14% 8% 32% FY¹23 58% 15% 9% 34% Q1 FY¹23 55% 14% 8% 33% Q1 FY¹24 Note: $ in millions. Please see Appendix for GAAP to non-GAAP reconciliation. Amounts may not foot due to rounding. Adjusted Operating Income 14% FY'20 $46 Adjusted Operating Income Margin 14% 11% FY'21 FY'22 $48 $47 15% FY¹23 $83 9% Q1 FY¹23 $10 11% Q1 FY'24 $16 13

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