Investor Presentaiton

Overview of Macquarie Operating Groups 1Q23 Update Outlook Appendix 1Q23 Overview Annuity-style businesses. Macquarie Asset Management ~32%¹ FY22 contribution² • AUM³ of $A773.9b at Jun 22, broadly in line with Mar 22 • Private Markets: $A256.1b in AUM, up 8% on Mar 22 predominantly due to investment activity and foreign exchange impacts • Private Markets: $A175.5b in EUM4, up 11% on Mar 22 predominantly driven by strong fundraising activity and foreign exchange impacts • Private Markets: record $A12.1b in new equity raised; $A5.9b of equity invested; $A1.7b equity divested in 1Q23 • Private Markets: $A28.8b of equity to deploy at Jun 22 • Public Investments: $A517.8b in AUM, broadly in line with Mar 22, predominantly driven by unfavourable market movements offset by favourable foreign exchange impacts • Public Investments: 71% of assets under management outperforming respective 3- year benchmarks5 • Effective 1 Apr 22, the Green Investment Group (GIG) transferred from Macquarie Capital and is operating as part of MAM. In 1Q23 a number of GIG assets held on balance sheet were realised Banking and Financial Services ~11% FY22 contribution² • Home loan portfolio of $A96.9b at Jun 22, up 8% on Mar 22 • Business Banking loan portfolio of $A11.9b at Jun 22, up 3% on Mar 22 Total BFS deposits of $A106.4b at Jun 22, up 9% on Mar 22 • Funds on platform of $A109.3b at Jun 22, down 8% on Mar 22 as strong net flows were offset by market movements • Car loan portfolio of $A7.9b at Jun 22, down 10% on Mar 22 1. Based on FY22 net profit contribution from operating groups with GIG restated for its transfer to MAM from MacCap on 1 Apr 22. MAM FY22 contribution as reported on 6 May 22 is ~23%. 2. Based on FY22 net profit contribution from operating groups. Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax. 3. AUM is calculated as the proportional ownership interest in the underlying assets of funds and mandated assets that Macquarie actively manages or advises for the purpose of wealth creation, adjusted to exclude cross-holdings in funds and reflect Macquarie's proportional ownership interest of the fund manager. AUM excludes uninvested equity in Private Markets. 4. Private Markets' total EUM includes market capitalisation at measurement date for listed funds, the sum of original committed capital less capital subsequently returned for unlisted funds and mandates as well as invested capital for managed businesses. 5. As at 30 Jun 22. 6. BFS deposits include home loan offset accounts and exclude corporate/wholesale deposits. O Macquarie Group Limited 39

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