Investor Presentaiton

Overview of Macquarie Operating Groups Consistently strong principal investment % performance Our private credit portfolio drives recurring revenue, while we benefit from the diversity of strong realisations on our equity portfolio. • Our sector expertise and relationships with financial sponsors allow us to leverage our principal capabilities to provide total solutions to clients • Growth in our private credit portfolio provides a predictable revenue base through net interest margin Our investing experience continues to deliver attractive realisations on our equity investments $A20.6b Global Principal Portfolio¹ 1Q24 Update Private Credit <0.3% Average annual realised loss rate since portfolio inception² S Corporate Credit 8%+ Aggregate lifetime asset IRR on private credit portfolio³ Outlook 归 ~24% Appendix Equity Aggregate lifetime equity IRR4 2-3 years Average hold period on equity investments5 晶 Real Estate Infrastructure Real Estate Private Equity Growth & Technology Venture Capital Global Credit Portfolio by sector¹ Consumer Infrastructure TMT Industrials Healthcare Services FIG Real estate • Focus on core sub- sectors, such as: . TMT, predominately tech enabled software and services FIG, predominately insurance brokers Aggregate IRR (%) by investment vintage4 Fully realised equity deals since FY01 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 ~24% Lifetime IRR Equity By type Credit Europe O Macquarie Group Limited APAC Americas By region In its 14+ years since inception, our Principal Finance credit portfolio has averaged <0.3% in annual losses supported by predominately senior secured positions Yield-focus drives strong revenues with our risk management expertise minimising losses and enhancing returns Over the past 20+ years, we have used our principal investing expertise to build businesses and deliver consistent returns across our equity strategies The average hold period during the time was between 2 to 3 years, with a diversified range of investment strategies from tech investing to infrastructure development and real estate5 1. Commitments as at 31 Dec 22. 2. Volume-weighted annual average as at 31 Dec 22. 3. Volume-weighted cumulative IRR to 31 Dec 22. 4. Volume weighted cumulative IRR for fully realised equity investments to 31 Dec 22, including Green Investment Group transactions realised prior to 1 Apr 22. Presented in $A based on realised deals over $US5m up to 1H23. The figures do not include the payment of any fees, carry or costs incurred by Macquarie Capital in relation to the investment (such as due diligence costs). As returns are presented only for fully realised deals, more recent years show returns above trend due to their shorter term duration and a larger deployment yet to be realised. 5. For fully realised equity deals weighted by size and on a cash basis. 36

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