Investor Presentaiton

Macquarie | Presentation to Investors and Analysts I macquarie.com Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix Costs of compliance Total compliance spend¹ approximately $A270m in 1H20, up 15% on 1H19 O MACQUARIE • The finance industry continues to see an increase in regulatory initiatives, resulting in increased compliance requirements across all levels of the organisation 1H20 2H19 1H19 $Am $Am $Am 0 3 7 2 3 4 • 4 5 6 7 10 1 Regulatory project spend IFRS 9 OTC reform MiFID Brexit Other Regulatory Projects (e.g. Trade, Execution and Data related investments, Enterprise Data Management, Code of Banking Practice) 57 58 47 Total 70 78 64 བྱུག • Regulatory project spend increased 9% from 1H19 as a result of a number of technology projects including BFS compliance projects and the Banking Executive Accountability Regime Business as usual spend increased 17% from 1H19 from continuing spend on a range of compliance functions 1H20 2H19 1H19 Business as usual compliance spend $Am $Am $Am Financial, Regulatory and Tax Reporting, and Compliance 58 53 51 Compliance Policy and Oversight 54 44 43 AML Compliance 19 18 17 Regulatory Capital Management 12 11 10 National Consumer Credit Protection (NCCP) 4 7 8 Regulator Levies 6 5 7 Other Compliance functions (e.g. Monitoring and Surveillance, Privacy and Data Management, APRA resilience, Advice Licensee standards compliance) 47 44 35 Total 200 183 171 Total compliance spend 270 261 235 1. Excluding indirect costs. 59

View entire presentation