Investor Presentaiton

Overview of Macquarie Operating Groups 1Q24 Update Outlook Appendix Macquarie Asset Management Result • FY23 FY22 $Am $Am Base fees 2,782 2,771 Performance fees 692 394 Investment-related and other income¹ 1,491 Net credit and other impairment charges (14) 2,591 (99) Net operating income 4,951 5,657 • Brokerage, commission and fee expenses (399) (432) Other operating expenses (2,196) (2,199) • Total operating expenses (2,595) (2,631) Non-controlling interests Net profit contribution (14) 3 2,342 3,029 AUM ($Ab)² Private Markets EUM ($Ab) Headcount 870.8 793.0 205.8 2,509 158.3 2,674 . • Base fees of $A2,782m, broadly in line with FY22 with offsetting impacts across MAM Fund raising and investments by Private Markets-managed funds and mandates, Public Investments acquisitions in the prior year and foreign exchange movements These were primarily offset by negative market movements and outflows in Public Investments equity funds and asset realisations in Private Markets-managed funds Performance fees of $A692m, up on FY22 FY23 included performance fees from a range of funds including MIP III, MEIF4, MKOF3 and other Private Markets-managed funds, managed accounts and co-investors FY22 included performance fees from MIP III, MEIF4 and other Private Markets- managed funds, managed accounts and co-investors Investment-related and other income of $A1,491m, down on FY22 primarily driven by Significant equity accounted income and disposition fee from MIC in the prior year Lower gains on asset realisations in the green energy sector Credit and other impairment charges of $A14m, down on FY22. The prior year included impairment of underperforming equity investments in the green energy sector and a reversal of the impairment previously recognised on MAM's investment in MIC Total operating expenses of $A2,595m, broadly in line with FY22. A decrease primarily driven by higher one-off acquisition and integration expenses in the prior year primarily related to the acquisition of Waddell & Reed Financial. This was largely offset by higher employment costs, investment in technology and foreign exchange movements in the current year 1. Investment-related income includes net income on equity, debt and other investments and share of net (losses)/profits from associates and joint ventures. Other income includes other fee and commission income, net interest and trading expense, other income and internal management revenue. 2. Private Markets AUM includes equity yet to deploy. Prior year Private Markets AUM has been restated to include equity yet to deploy as at 31 Mar 22. O Macquarie Group Limited 71

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