2Q 2020 Investor Presentation

Financial Performance1 Revenue1 $ Billions ■MIS Revenue ■MA Revenue 2015-2019 CAGR 8% Low-single-digit % $4.8 $4.2 $4.4 growth $3.5 $3.6 $2.0 $1.4 $1.7 $1.2 $1.2 $2.3 $2.4 $2.8 $2.7 $2.9 2015 Operating Margin4 ■Operating Margin Adj. Operating Margin³ 42.8% 2015 46.0% 18.1% 45.9% 2016 2017 2018 2019 2020F2 43.3% 47.6% 42.0% 47.6% 41.4% 47.4% ---- 43% -44% 48% -49% 2 2016 2017 2018 2019 2020F 1. Totals may not sum due to rounding. 2. Guidance as of July 30, 2020. 3. These figures are adjusted measures. See appendix for reconciliations from adjusted financial measures to U.S. GAAP. 4. 2015-2017 operating and adjusted operating margins have been restated to conform to the new presentation for pension expenses. 5. Includes approximately $700 million in net payments pursuant to a settlement charge. MOODY'S $ Millions Adjusted Diluted EPS3 $ Per Share 2015 2015-2019 CAGR 15% $8.29 $7.39 $6.07 $4.71 $4.94 Free Cash Flow³ 2016 2 2017 2018 2019 2020F $1,606 $1,370 $1,500 $1,700 $1,109 $1,144 2015 2016 $664 20175 2018 2019 2020F2 2Q 2020 Investor Presentation - August 11, 2020 12 $8.80 - $9.20

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