Investor Presentaiton

Macquarie FY20 result announcement I macquarie.com Commodities and Global Markets OPERATING INCOME $A4,445m NET PROFIT CONTRIBUTION $A1,746m PHYSICAL GAS MARKETER IN NORTH AMERICA2 No.2 CGM ~32% flat • ON FY19 flat ON FY19 Introduction Overview of Result Result Analysis and Financial Management Outlook Appendices O MACQUARIE SPECIALISED AND ASSET FINANCE 18%¹ Stable portfolio, with a total value of $A8.5b • Continued growth in Technology, Media and Telecoms lease income Strong performance in UK energy meters business, including expansion into-challenger energy suppliers COMMODITY MARKETS 54%¹ ⚫ Strong results across the commodities platform from increased client hedging activity particularly in Global Oil, EMEA Gas and Power, Agriculture, Metals and Mining • Reduction in inventory management and trading from strong prior year primarily in North American Gas markets. Current year results reflected opportunities across a range of energy sectors in 1H20 which were partially offset by more challenging markets in Fuel oil (related to changing regulations) and North American gas markets in 2H20 • Completed the acquisition of Société Générale's energy commodities portfolio, comprising over- the-counter financial energy transactions, European wholesale physical gas and power contracts and carbon emission allowances - continuing growth in gas and power markets ⚫ Named Natural Gas/LNG House of the Year³ ⚫ Named Electricity and Environmental Products, House of the Year 3 ⚫ Higher lending and financing income driven by increased physical oil financing activity ⚫ Continued lending in Metals, Agriculture and Energy sectors, secured by underlying commodities with associated hedging to mitigate risk FINANCIAL MARKETS 19%¹ • Increased revenue contribution across all regions driven by expansion of expertise in new markets . Credit Markets performance driven by financing activity from private debt and Fintech clients 250+ counterparties globally serviced by in-country, local staff, supported by long- serving risk managers ⚫ Fund Financier of the Year (Americas), closing $US7b+ trades . FUTURES 6%¹ Client activity up, with increased commission in ANZ and the Americas partially offset by impairments on a small number of counterparties • Provision of specialist execution and clearing capability to growing client base. across global markets EQUITY MARKETS 3%¹ • Increase in revenue driven by favourable market conditions and client contribution, primarily from financing and retail products in Asia ⚫ Business continues • to focus on Asia Pacific client base Extension of Asia Pacific expertise into Europe clients retained through research distribution agreement with Kepler Cheuvreux ⚫ Named Research House of the Year Note: Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax. Chart is based on FY20 net profit contribution from Operating Groups. 1. Percentages are based on net profit contribution before impairment charges. 2. Platts Q4 Mar 20. 3. 2019 Energy Risk Awards. 4. Energy Risk Asia Awards 2019. 19

View entire presentation