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Investor Presentaiton

Overview of Macquarie Operating Groups 1Q23 Update Outlook Appendix Strong underlying client business Majority of income derived from underlying client business Operating Income (excl. credit and other impairment charges) Client numbers² (excl. Asset Finance) FY 18 Other Income Brokerage and fee income FY 19 FY 20 FY 21 FY 22 Foreign exchange, interest rates and credit Leasing (operating and finance) income Investment income Equities derivatives and trading Commodity lending and financing Commodity inventory management and trading Underlying client business¹ Commodity risk management • 40+ years of client partnerships evolving into niche activities in some markets, and scale in others • Dedicated specialist staff with deep sector knowledge and market insights Risk management is core • Platform diversity drives earnings stability and de-risks the portfolio • Industry recognition in select markets and sectors is strong 1. Included within Underlying client business is a relatively small (~5%) amount of FX, IR, Credit and EDT trading activity not related to clients. 2. 5-year CAGR of 5% from FY18 to FY22, Financial markets and futures client numbers will differ to previously reported numbers with the inclusion of Equity Derivatives and Trading clients and the transfer of Cash Equities to Macquarie Capital effective 1 Jun 20. O Macquarie Group Limited Mar 18 Mar 19 Mar 20 Commodities Mar 21 Mar 22 Financial markets and Futures Client-led business with deep longstanding - - client relationships: Diverse and growing client base Strong repeat client business with ~85% of client revenue generated from existing relationships Client relationships spread over a full spectrum of products and services 31
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