Investor Presentaiton

Overview of Macquarie Operating Groups 1Q23 Update Outlook Appendix Macquarie Capital Result reflects higher investment-related income, higher fee and commission income and higher net income on private credit portfolio $Am 3,000 2,500 2,000 899 1,500 1,000 500 302 506 42 42 2,400 GIG³ 651 0 FY21 NPC Investment- related income¹ Fee and commission income Net income on private credit portfolio² Operating expenses FY22 NPC 1. Includes gains and losses from sale and revaluation of equity, debt and other investments, net interest and trading income (which represents the interest earned from debt investments and the funding costs associated with Macquarie Capital's balance sheet positions), share of net losses from associates and joint ventures, credit and other impairments, other income/(expenses), internal management revenue and non-controlling interests and excludes net income on the private credit portfolio. 2. Represents the interest earned, net of associated funding costs and credit impairments on the private credit portfolio. 3. FY22 NPC Includes approximately $A850m from GIG. O Macquarie Group Limited Key drivers Higher investment-related income primarily driven by: Substantially higher revenue from material asset realisations in the green energy, technology and business services sectors and included realisations across all regions Partially offset by: Higher impairment charges due to a small number of underperforming equity investments Higher fee and commission income due to higher mergers and acquisitions fee income and debt capital markets fee income, partially offset by lower equity capital markets fee income and brokerage income, which were down on a strong prior year Mergers and acquisitions fee income increased across all major regions due to improved market conditions, and was up 90% compared to the prior year Debt capital markets fee income was significantly up compared to the prior year Fee and commission income was the highest on record, driven by record levels of mergers and acquisitions fee income in ANZ and the Americas Fee income in the current year was significantly up across the Education Services, Gaming, Healthcare Services, Critical Minerals, FinTech and Aerospace & Defence sectors Higher net income on the private credit portfolio which more than doubled throughout the current year Lower operating expenses predominantly driven by lower employment costs 61

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