Investor Presentaiton

Macquarie FY20 result announcement I macquarie.com Introduction Overview of Result Result Analysis and Financial Management Outlook Appendices Income statement by Operating Group NPC 4,000 3,500 $Am 3,000 2,500 2,982 2,000 305 305 14 3 (1,019) 151 295 2,731 1,500 FY19 MAM BFS CGM MacCap NPAT Corporate (excl. tax expense) Tax expense FY20 NPAT O MACQUARIE KEY DRIVERS ⚫ MAM: Increased base fees, performance fees, investment-related and other income, partially offset by lower net operating lease income, higher operating expenses and higher credit and other impairment charges ⚫ BFS: Growth in average volumes for BFS deposits, loan portfolio, funds on platform and the impact of realigning the wealth advice business to focus on the high net worth segment, offset by margin compression on deposits, and higher credit provisions CGM: Strong global client contribution across all products and sectors and higher revenue from Specialised and Asset Finance and Commodities' lending and financing activities, offset by a reduction in inventory management and trading revenues and an increase in credit provisions Macquarie Capital: DCM fee revenue down, partially offset by higher M&A fee revenue. Investment-related income down given strong asset realisations in FY19. Higher operating expenses, funding costs and increased credit and other impairment charges Corporate: Includes higher funding usage by Operating Groups driving increased interest income and lower performance-related profit share expense Tax expense: Lower tax expense mainly driven by the geographic composition and nature of earnings 29

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