Investor Presentaiton

Overview of Macquarie Operating Groups 1Q24 Update Outlook Appendix Why Macquarie? Unbroken profitability 間 FY23 net profit $A5,182m up 10% on FY22 FY22 net profit: $A4,706m up 56% on FY21 Diverse business mix FY23 net profit contribution² ~41% ~59% by annuity-style by markets-facing activities activities Earnings growth 12% 5yr EPS CAGR¹ Consistent dividend growth 7% 5yr DPS CAGR¹ Dividend Policy: 50-70% annual payout ratio Average return on equity over last 17 years 14% FY23: 16.9% Strong shareholder returns Geographically diverse Group capital surplus 71% international income in FY233 $A12.6b 4 Consistently outperformed major indices since listing I 75% in FY22; three-quarters of income generated outside of Australia at 31 Mar 23 ASX 205 - 3rd highest returns since listing Diversified Financials5 - 1st MSCI World Capital Markets5 - 2nd MSCI World Banks5 - 1st Opportunity Accountability Integrity Underpinned by a long-standing conservative risk management framework 1. For the period 31 Mar 18 to 31 Mar 23. 2. Based on net profit contribution from operating groups. Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax. 3. International income is calculated using net operating income excluding earnings on capital and other corporate items. 4. The Group capital surplus is the amount of capital above APRA regulatory requirements. Bank Group regulatory requirements are calculated in accordance with Prudential Standard APS 110 - Capital Adequacy (calculated at 10.25% of RWA, previously 8.5%). This includes the industry minimum Tier 1 requirement of 6.0%, capital conservation buffer (CCB) of 3.75% and a countercyclical capital buffer (CCyB). The CCyB of the Bank Group at Mar 23 is 0.61%, this is rounded to 0.5% for presentation purposes. The individual CCyB varies by jurisdiction and the Bank Group CCyB is calculated as a weighted average based on exposures in different jurisdictions at that time. 5. As at 31 Mar 23. Based on companies that have been continuously listed since Macquarie's date of listing (29 Jul 96). O Macquarie Group Limited 7

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