Investor Presentaiton

Overview of Macquarie Operating Groups 1Q24 Update Outlook Appendix Stable earnings 5 year earnings volatility relative to Macquarie Multiple to Macquarie 15 year earnings volatility relative to Macquarie (includes GFC) Multiple to Macquarie 3.0 4.5 4.2x 4.0 3.6x 3.5 3.3x 3.0 2.5 2.0 1.5 10 1.0 0.5 55 2.1x 1.8x 2.5 20 2.0 1.5 1.0 10 1.0x 1.0x 0.5 2.1x 1.8x 1.3x 1.2x 1.1x 1.0x 0.5x Energy Majors Global Investment Banks Domestic Asset Managers Global Fund/Asset Managers Global Banks Domestic Macquarie Energy Majors Global Banks Investment Banks Domestic Asset Managers Global Fund/Asset Managers Global Banks Macquarie Domestic Banks This page compares the historical earnings volatility among certain firms, and is not intended to represent that Macquarie has a comparable business model, risks or prospects to any other firm mentioned. Volatility of P&L is defined as standard deviation of P&L divided by average P&L (coefficient of variation), based on most recent annual disclosures. Source: Bloomberg as at 31 Aug 23. O Macquarie Group Limited 12

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