Investor Presentaiton

Macquarie | Presentation to Investors and Analysts | macquarie.com Short-term outlook . Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix O While the impact of future market conditions makes forecasting difficult, we continue to expect the Group's result for FY20 to be slightly down on FY19 Our short-term outlook remains subject to a range of factors including: The completion rate of transactions and period-end reviews MACQUARIE - Market conditions and the impact of geopolitical events - The impact of foreign exchange - Potential regulatory changes and tax uncertainties Geographic composition of income 43

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