Investor Presentaiton

Overview of Macquarie Operating Groups 1Q24 Update Outlook Appendix Regulatory compliance and technology spend Total compliance spend¹ $A1,043m up 33% on FY22 and total technology spend² up 26% on FY22 Regulatory compliance spend Regulatory change spend Regulatory project spend BAU regulatory compliance spend Total regulatory compliance spend Technology spend Total technology spend² FY23 $Am FY22 Regulatory compliance spend $Am $Am 180 156 1,200 187 102 1,000 676 527 800 1,043 785 545 600 496 435 400 FY23 FY22 $Am $Am 200 1,977 1,569 +19% CAGR 1,043 785 646 • The industry continues to see an increase in regulatory initiatives, resulting in increased compliance requirements across all levels of the organisation • . Direct cost of compliance is $A1,043m in FY23 (excluding indirect costs), up 33% on FY22 Regulatory change spend increased 15% from FY22 as a result of new and ongoing regulatory change projects arising from changes in regulation FY18 FY19 FY20 FY21 FY22 FY23 Regulatory oversight Regulatory change spend Technology spend² $Am 2,500 • • • Regulatory project spend increased 83% from FY22 as a result of a number of Technology projects. This includes work on end-to-end capital and liquidity transformation and ongoing remediation projects Business as usual (BAU) spend increased 28% from FY22 driven by regulatory projects being completed and moved to BAU functions, increased employment costs, together with increased expectations from the external environment including regulators globally The increase in total technology spend is due to continued growth in business driven initiatives to drive efficiencies and support revenue growth as well as the focus on regulatory and compliance initiatives 1. Excluding indirect costs. 2. Total technology spend across the Group includes spend related to regulatory compliance. It includes remuneration paid to staff in the technology division, spend with technology vendors including market data and software licences and maintenance. O Macquarie Group Limited +14% CAGR 2,000 1,500 1,333 1,977 1,569 1,373 1,186 1,009 1,000 500 FY18 FY19 FY20 FY21 FY22 FY23 Technology spend 63

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