3Q 2020 Investor Presentation

MA Guidance: Recurring Revenue Creates Stability1 Revenue Mid-single-digit % increase $2.0B 2019 2020F¹ Key drivers of MA FY 2020 outlook¹ Adjusted Operating Margin¹ 27.8% 2019 Approximately 30% 2020F1 1. » Strong recurring revenue mitigates COVID-19 impact » MAKS divestiture weighs on revenue growth, partially offset by RDC, RiskFirst, ABS Suite and Acquire Media acquisitions FY revenue guidance includes an approximately 2% unfavorable impact from inorganic activity and FX >>> >>> >>> RD&A growth driven by strong demand for KYC and compliance solutions, followed by research and data feeds ERS: Strength in lending software and analytics sales supports steady growth; modest impact from delays of IFRS 17 and CECL implementations Margin improvement primarily driven by operating leverage and cost management initiatives Guidance as of October 29, 2020. Refer to Table 12 - "2020 Outlook" in the press release for a complete list of guidance and a reconciliation between adjusted measures to GAAP as well as assumptions used by the Company with respect to its guidance. MOODY'S 3Q 2020 Investor Presentation - November 11, 2020 40

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