Investor Presentaiton

Overview of Macquarie Operating Groups 1Q24 Update Outlook Appendix Commodities and Global Markets Result FY23 FY22 $Am $Am Commodities 6,043 3,324 Risk management 3,051 2,033 Lending and financing 337 212 Inventory management and trading 2,655 1,079 Foreign exchange, interest rates and credit 1,025 888 Equities 371 394 • Commodities income of $A6,043m, up 82% on FY22; Risk management up 50% on a strong prior period with gains across the platform, particularly in Gas and Power, Global Oil and Resources driven by increased client hedging and trading activity as a result of elevated volatility and price movements in commodity markets Lending and commodity financing up 59% on FY22 due to increased activity and margins across energy sectors Inventory management and trading increased substantially, up 146% on FY22, driven by trading gains from regional supply and demand imbalances primarily in North American Gas and Power markets Foreign exchange, interest rates and credit income of $A1,025m, up 15% on FY22 due to continued strong client hedging in structured foreign exchange, interest rate, and credit products in addition to increased financing activity Equities income of $A371m, down 6% from $A394m in the prior year Asset Finance 122 126 • Asset Finance income of $A122m, materially in line with FY22 Net interest and trading income¹ 7,561 4,732 • Fee and commission income of $A617m, up 22% on FY22 due to higher fee income in Futures Fee and commission income 617 507 • Net operating lease income² 377 335 Net operating lease income of $A377m, up 13% on FY22 driven by contributions from the resource sector Investment and other income³ 219 670 • Net credit and other impairment charges (57) (65) • Net operating income 8,717 6,179 Brokerage, commission and fee expenses (415) (389) • Other operating expenses (2,295) (1,879) Total operating expenses (2,710) (2,268) • Investment and other income of $A219m, down significantly on FY22 due to the gains on the partial sale of UK Meters portfolio of assets in FY22 Net credit and other impairment charges decreased 12% on FY22 due to reduced specific provisions in the current year. The prior year included a partial release of COVID-19 overlays Brokerage, commission and fee expenses of $A415m, up 7% on FY22, driven by increased trading and hedging activities Other operating expenses of $A2,295m, up 22% on FY22 driven by higher expenditure on technology platform and infrastructure, increased compliance and regulatory spend and higher employment costs Net profit contribution Headcount 6,007 2,378 3,911 2,179 1. Includes internal net interest expense and transfer pricing on funding provided by Group Treasury that is eliminated on consolidation in the Group's statutory P&L. 2. Generated from Asset Finance. 3. Includes net income on equity, debt and other investments, share of net profits from associates and joint ventures, internal management revenue and other income. O Macquarie Group Limited 73

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