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Investor Presentaiton

Overview of Macquarie Operating Groups 1Q23 Update Outlook Appendix Macquarie Capital Result FY22 $Am FY21 $Am Net interest and trading income¹ 327 69 Fee and commission income 1,893 1,387 Investment-related income² (ex non-controlling interests) 2,556 990 Credit and other impairment charges (573) (229) Internal management revenue³ 10 31 Net operating income 4,213 2,248 Total operating expenses (1,572) (1,614) (Profit)/Loss attributable to non-controlling interests (241) 17 Net profit contribution4 2,400 651 Capital markets activity 5: Number of transactions Transactions value ($Ab) Headcount 476 417 457 364 1,843 1,821 Higher net interest and trading income of $A327m, increased significantly compared to the prior year primarily due to higher net interest income driven by the growth in the private credit portfolio, which more than doubled throughout the current year. Fee and commission income of $A1,893m, up 36% on FY21 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. Investment-related income of $A2,556m, increased substantially on FY21 driven by higher revenue from material asset realisations in the green energy, technology and business services sectors and included realisations across all regions. Credit and other impairment charges of $A573m in FY22, compared to charges of $A229m in FY21, increased primarily due to a small number of underperforming equity investments and growth of the private credit portfolio. Total operating expenses of $A1,572m, down 3% on FY21 was predominantly driven by lower employment costs. Profit attributable to non-controlling interests of $A241m in FY22, compared to a loss of $A17m in FY21. The current year balance was driven by the share of gains on disposal attributable to non-controlling interests. 1.Represents the interest earned from debt investments and the funding costs associated with Macquarie Capital's balance sheet positions. 2. Includes gains and losses from sale and revaluation of equity, debt and other investments, share of net losses from associates and joint ventures and, other income/(expenses). 3. Internal revenue allocations are eliminated on consolidation in the Group's statutory P&L. 4. FY22 includes approximately $A850m of net profit contribution from GIG. 5. Source: Dealogic and IJGlobal for Macquarie Group completed M&A, investments, ECM and DCM transactions converted as at the relevant reporting date. Deal values reflect the full transaction value and not an attributed value. O Macquarie Group Limited 74
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