Inovalon Results Presentation Deck

2018 Adjusted EBITDA Margin Bridge Inovalon continues to expect operating leverage, driven by further improvement in mix and pricing, benefit from technology-enabled efficiency initiatives, and contribution from ABILITY. The Company sees these factors driving -470 basis points of Adjusted EBITDA margin expansion in 2018. The graphic to the right is for illustrative purposes only. INOV Q1 2018 Earnings Supplement (5,8,18) v 1.0.0 The full gross margin benefit of an increasing mix of higher margin Platform offerings, coupled with continued technology-enabled efficiencies and the ABILITY acquisition, is seen to be partially offset by one-time client ACA withdrawals Efficiencies achieved in overhead are expected to fully offset continued investments in strategic areas for the Company FY 2017 Adj. EBITDA Margin -470 Basis Point Year-to-Year Improvement -20 bps Investment Initiatives/ Overhead Efficiencies -10 bps -20 bp-a Platform Mx & Price Changes Represents -30 bps of Gross Marg Expansion YTT Excluding ABILITY -360 bps Gross Margin Expansion YTY including ABILITY -330 bpe Platform Efficiencies -90 bpa ABILITY ABILITY Operating Flatform Contribution Contribution 29.0% FY 2018G Adj. EBITDA Margin 28

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