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Investor Presentaiton

Overview of Macquarie Operating Groups 1Q24 Update Outlook Appendix Banking and Financial Services Result • FY23 FY22 $Am $Am Net interest and trading income¹ Fee and commission income 2,520 1,972 505 457 Wealth management fee income 341 304 Banking and lending fee income 164 153 Net credit and other impairment (charges)/reversals (34) 22 Other (expenses)/income² (30) 10 • Net operating income 2,961 2,461 Total operating expenses Net profit contribution Funds on platform ($Ab) Loan portfolio³ ($Ab) (1,760) (1,460) 1,201 1,001 • 123.1 118.6 127.7 110.2 BFS Deposits4 ($Ab) Headcount 129.4 98.0 3,820 3,359 Net interest and trading income of $A2,520m, up 28% on FY22 22% growth in the average loan portfolio and 31% growth in average BFS deposit volumes Margin improvement reflecting the benefit of a rising interest rate environment, partially offset by ongoing lending competition and changes in portfolio mix Fee and commission income of $A505m, up 11% on FY22 3% growth in average funds on platform resulting in higher administration fees, together with higher volume-driven lending fee income and a reclassification of platform related fee income previously reported as net interest income Net credit and other impairments of $A34m, compared to a reversal of $A22m in FY22 Higher net credit impairment charges due to deterioration in the macroeconomic outlook and release of COVID-19 overlays in the prior year Other expenses of $A30m in FY23 primarily due to revaluations of equity investments Total operating expenses of $A1,760m, up 21% on FY22 - Higher expenses driven by increased technology investment, additional headcount to support business growth, and compliance and regulatory initiatives Higher inflation environment reflected in remuneration increases 1. Includes net internal transfer pricing on funding between Group Treasury and BFS that is eliminated on consolidation in the Group's statutory P&L. 2. Includes share of net losses from associates and joint ventures, internal management revenue and other income. 3. Loan portfolio comprises home loans, loans to businesses, car loans and credit cards. 4. BFS deposits include home loan offset accounts and exclude corporate/wholesale deposits. O Macquarie Group Limited 72
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