Investor Presentaiton

Macquarie | Presentation to Investors and Analysts I macquarie.com Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix Banking and Financial Services Growth in BFS deposits, Australian loan portfolio and funds on platform 450 $Am 400 350 300 250 378 39 39 (15) (26) 29 (20) 29 385 200 1H19 NPC Personal Banking Business Banking Wealth Management Technology & Expenses & Other Regulatory 1H20 NPC O MACQUARIE KEY DRIVERS Higher Personal Banking income driven by a 14% growth in average mortgage volumes ⚫ Lower Business Banking income driven by increase in specific provisions offset by 13% growth in average business banking loan volumes and a 3% growth in average business deposit volumes • Lower Wealth Management fee income associated with realigning the advice business to focus on the high net- worth segment, partially offset by 3% increase in average funds on platform Higher Technology and Regulatory expenses driven by investment to support business growth and to meet regulatory requirements ⚫ Lower Expenses and Other includes lower staff numbers in Wealth Management with the advice business realigned to focus on the high net-worth segment 53

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