Investor Presentaiton

Overview of Macquarie Operating Groups 1Q24 Update Outlook Appendix Macquarie Capital Result . FY23 $Am FY22 $Am Net interest and trading income¹ 410 414 Fee and commission income 1,356 1,868 • Investment-related income² (ex non-controlling interests) 766 1,091 Net credit and other impairment charges (294) (362) Internal management (charge)/revenue³ (11) 29 Net operating income 2,227 3,040 Total operating expenses (1,456) (1,270) . Loss/(Profit) attributable to non-controlling interests 30 (249) Net profit contribution 801 1,521 • Capital markets activity4: Number of transactions Transactions value ($Ab) Headcount 306 $A338b 1,630 476 • $A457b 1,568 Net interest and trading income of $A410m, broadly in line with the prior year. Net interest income from the private credit portfolio was up 37% on prior year, and benefitted from $A5.1 billion of growth in average drawn loan assets. This was largely offset by higher mark- to-market losses on certain debt underwriting positions related to deterioration in macroeconomic conditions experienced in 1H23. Fee and commission income of $A1,356m, down 27% on FY22 driven by lower mergers and acquisitions fee income on a strong prior year and lower capital markets fee income and brokerage income due to weaker market activity Investment-related income of $A766m, down 30% on FY22 driven by negative revaluations on equity investments reflecting market movements, particularly in the technology sector. The decrease was also driven by fewer material asset realisations compared to the prior year, particularly in Europe and ANZ Net credit and other impairment charges of $A294m, down 19% on FY22. Primarily from lower impairment charges recognised on a small number of underperforming equity investments, partially offset by higher credit provisions in the current year Total operating expenses of $A1,456m, up 15% on FY22 was predominantly driven by higher employment costs, increased compliance and regulatory spend and higher expenditure on technology platform and infrastructure Loss attributable to non-controlling interests of $A30m, moved significantly due to the non-recurrence of gains attributable on disposal, paid in the prior year 1. Represents the interest earned from debt investments and the funding costs associated with Macquarie Capital's balance sheet positions. 2. Includes gains and losses from sale and revaluation of equity, debt and other investments, share of net losses from associates and joint ventures and other income/(expenses). 3. Internal (charge)/revenue allocations are eliminated on consolidation in the Group's statutory P&L. 4. Source: Dealogic and IJGlobal for Macquarie Group completed M&A, investments, ECM and DCM transactions converted as at the relevant report date. Deal values reflect the full transaction value and not an attributed value. Comparatives are presented as previously reported. O Macquarie Group Limited 74

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