Investor Presentaiton

Macquarie | Presentation to Investors and Analysts I macquarie.com Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix Income statement by Operating Group NPC 2,000 $Am 1,500 272 1,000 500 1,310 274 (286) 7 (118) O MACQUARIE 1,457 KEY DRIVERS ⚫ MAM: Increased performance fees and base fees, partially offset by higher operating expenses ⚫ BFS: Growth in total BFS deposits, the Australian loan portfolio and funds on platform partially offset by a decrease in Australian vehicle finance portfolio and the impact of realigning the wealth advice business to focus on the high net-worth segment • CGM: Strong contribution from the commodities platform driven by increased client hedging activity and timing of income recognition on storage and transport agreements, improved foreign exchange, interest rates and credit results, partially offset by challenging market conditions and reduced opportunities in Cash Equities, and higher operating expenses ⚫ MacCap: Fee income down on a strong 1H19. Investment-related income slightly down with higher revenue from asset realisations offset by lower interest income from the debt portfolio and higher share of net losses of associates and joint ventures. Higher impairment charges due to a small number of underperforming investments and higher operating expenses ⚫ Corporate: Higher share-based payments expense and higher performance-related profit share 0 1H19 MAM BFS CGM MacCap NPAT Corporate (excl. tax expense) Tax expense 1H20 NPAT 49

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