Investor Presentaiton

Macquarie | Presentation to Investors and Analysts | macquarie.com Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix O MACQUARIE 3Q20 Overview Markets-facing businesses Commodities and Global Markets 40% 1H20 contribution¹ • Strong contribution from client hedging and trading opportunities across the commodities platform, particularly from Global Oil, North American Gas & Power, EMEA Gas & Power, Metals and Agriculture businesses • Continued strong customer activity in FX across all regions Ongoing strength in ANZ and US Futures driven by customer activity • Consistent performance from asset finance portfolio on pcp, primarily from the Technology, Media and Telecoms (TMT) leasing business and continued strong performance from the UK energy meters business • Maintained ranking as No. 2 physical gas marketer in North America ⚫ No 1 Futures Broker on the ASX² • • Awarded 2019 Natural Gas/LNG House of the Year³ Macquarie Capital 8% • 1H20 contribution1 109 transactions valued at $A76.4b4 completed globally, up on prior period and down on a strong pcp • Maintained No. 1 in ANZ for Completed and Announced M&A5 • • Fee revenue up on pcp across advisory, DCM and ECM Investment-related income significantly down on a particularly strong pcp that benefited from large asset realisations including Quadrant, PEXA and Energetics Transaction Highlights • Sole financial advisor to Alaska National Insurance Company, a leading specialty insurer focused on workers compensation, on its sale to CopperPoint Insurance Companies Strong principal finance lending activity in Q3 with $A1b committed in new primary debt financings, weighted towards bespoke originations, provided to clients globally • Sole financial advisor and lead equity sponsor for the Europe Transport Deal of the Year 6, the £1bn Silvertown Tunnel PPP project. The project will be the first new road crossing of the River Thames in the last 30 years and the largest UK transport PPP in the past 10 years • Formosa 2, a ~$2USb offshore wind project reached Financial Close which, once complete, will generate 376MW to support approximately 380,000 Taiwanese households while displacing around 18,750kt CO2e over its lifetime • No. 1 Global New Energy Finance Sponsor? 1. Based on 1H20 net profit contribution from operating groups as reported on 1 Nov 2019. Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax. 2. Based on overall market share on ASX24 Futures volumes as at 31 Dec 19. 3. 2019 Energy Risk Awards. 4. Dealogic and IJGlobal for Macquarie Group completed M&A, investments, ECM and DCM transactions converted as at 31 Dec 2019. Deal values reflect the full transaction value and not an attributed value. 5. Dealogic & Refinitiv 1 Jan - 31 Dec 2019 (by volume). 6. Project Finance International Awards 2019. 7. Bloomberg New Energy Finance Clean Energy League Tables CY19 (by volume). 40 40

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