Investor Presentaiton

Introduction Overview of Result Result Analysis and Financial Management Outlook Appendices Macquarie FY20 result announcement I macquarie.com Conservative long standing liquidity risk management framework Liquidity Policy O MACQUARIE . • The key requirement of the MGL and MBL liquidity policies is that the entities are able to meet all liquidity obligations during a period of liquidity stress: A twelve month period with constrained access to funding markets for MBL, no access to funding markets for MGL and with only a limited reduction in franchise businesses Term assets are funded by term funding, stable deposits, hybrids and equity Liquidity Framework • A robust liquidity risk management framework is designed to ensure that both MGL and MBL are able to meet their funding requirements as they fall due under a range of market conditions. Key tools include: - Liability driven approach to balance sheet management Scenario analysis Maintenance of unencumbered liquid asset holdings Liquidity management is performed centrally by Group Treasury, with oversight from the Asset and Liability Committee and the Risk Management Group • The MGL and MBL Boards approve the liquidity policies and are provided with liquidity reporting on a regular basis 74

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