Investor Presentaiton

Macquarie | Presentation to Investors and Analysts I macquarie.com Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix Basel III capital position APRA Basel III Group capital at Dec 19 of $A23.6b; Group capital surplus of $A5.8b1 Group regulatory surplus: Basel III (Dec 19) $Ab 10.0 O MACQUARIE 9.0 8.0 (1.9) 7.0 2.1 6.0 (0.9) 0.7 (0.6) 5.0 Based on 8.5% 8.6 (minimum Tier 1 4.0 7.9 ratio + CCB) 6.7 3.0 5.8 2.0 1.0 0.0 Harmonised Basel III at Sep-192 APRA Basel III 'super equivalence' APRA Basel II| at Sep-19 1H20 Interim Dividend 3Q20 P&L and movement in reserves³ Business growth APRA Basel II[ at Dec-19 APRA Basel III 'super equivalence'4 Harmonised Basel III at Dec-19 1. Calculated at 8.5% RWA including the capital conservation buffer (CCB), per APRA ADI Prudential Standard 110; Based on materiality, the 8.5% used to calculate the Group capital surplus does not include the countercyclical capital buffer (CCYB) of -13bps. The individual CCyB varies by jurisdiction and the Bank Group's CCyB is calculated as a weighted average based on exposures in different jurisdictions. 2. Basel III applies only to the Bank Group and not the Non-Bank Group. 'Harmonised' Basel III estimates are calculated in accordance with the BCBS Basel III framework. 3. Includes current quarter P&L, movement in the foreign currency translation reserve and other movements in capital supply. 4. APRA Basel III 'super-equivalence' includes the impact of changes in capital requirements in areas where APRA differs from the BCBS Basel III framework. Differences include the treatment of mortgages $A0.9b; capitalised expenses $A0.4b; equity investments $A0.3b; investment into deconsolidated subsidiaries $A0.1b; DTAs and other impacts $A0.4b. 19

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