Investor Presentaiton

Macquarie | Presentation to Investors and Analysts I macquarie.com Banking and Financial Services Result Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix O MACQUARIE 1H20 2H 19 1H19 ⚫ Net interest and trading income of $A838m, in line with 1H19 $Am $Am $Am Net interest and trading income¹ 838 844 834 Fee and commission income 226 232 244 Wealth management fee income 144 147 168 Banking and leasing fee income 82 85 76 Credit and Other impairment charges (42) (54) (28) Other (expenses)/income² (1) 30 1 Net operating income 1,021 1,052 1,051 Total operating expenses (636) (674) (673) Net profit contribution³ 385 378 378 - 14% growth in the average BFS deposit balance and 9% growth in average Australian loan and lease portfolio volumes · Partially offset by the sale of an investment in Macquarie Pacific Funding business ⚫ Fee and commission income of $A226m, down 7% on 1H19 driven by lower wealth management fee income associated with realigning the advice business to focus on the high net worth segment Credit and Other impairment charges of $A42m, up 50% on 1H19 driven by business banking loans and leasing • Total operating expenses of $A636m, down 5% on 1H19 driven by lower staff numbers in Wealth Management with the advice business realigned to focus on the high net worth segment and lower Brokerage, commission and trading-related expenses due to the sale of an investment in Macquarie Pacific Funding business, partially offset by additional investment in technology to support business growth and to meet regulatory requirements Funds on platform 4 ($Ab) 91.5 86.0 88.1 Australian loan and lease portfolio 5 ($Ab) BFS deposits ($Ab) 67.4 62.5 60.0 Headcount 56.2 2,651 53.4 49.4 2,772 2,950 1. Includes internal net interest expense and transfer pricing on funding provided by Group Treasury and deposit premium paid to BFS by Group Treasury for the generation of deposits, that are eliminated on consolidation in the Group's statutory P&L. 2. Includes share of net (losses)/profits of associates and joint ventures, internal management revenue and other income. 3. Management accounting profit before unallocated corporate costs, profit share and income tax. 4. Funds on platform includes Macquarie Wrap and Vision. 5. The Australian loan and lease portfolio comprises residential mortgages, loans to Australian businesses, vehicle finance, insurance premium funding and credit cards. 6. BFS deposits excludes corporate/wholesale deposits. 49 64

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