Slide 1: 2026 Annual General Meeting
2026 Annual General Meeting Macquarie Group Limited 23 July 2026
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by Macquarie Group Limited ABN 94 122 169 279 (“MGL”) and is general background information about Macquarie’s (“MGL and its subsidiaries”) activities current as at the date of this presentation. This information is given in summary form
Slide 3: Agenda
Agenda 01 Chair’s 02 Overview 03 1Q27 Update of FY26 Update 04 FY27 05 Formal 06 Glossary Outlook Business © Macquarie Group Limited 3
Slide 4: Chair's Update
01 Chair’s Update Glenn Stevens Chair © Macquarie Group Limited 4
Slide 5: Financial performance
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Financial performance Operating income FY26 Profit FY26 $A19,477m $A4,847m $Am $Am 20,000 13 % 6,000 30 % 15,000 ON FY25 4,500 ON FY25 10,000 3,000 5,000 1,500 0 0 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 EPS
Slide 6: Final dividend
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Final dividend 2H26 Ordinary Dividend FY26 Ordinary Dividend $A4.20 $A7.00 FROM FROM $A3.90 $A6.50 (35% franked) (35% franked) (35% franked) IN 2H25 (35% franked) IN FY25 2H26 Record Date Payout Ratio2 19 May 26 2H
Slide 7: Risk management and culture
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Risk management and culture Risk Management Framework Macquarie’s approach to risk management is based on stable and robust core risk Continuous enhancement of the risk management approach management principles and emb
Slide 8: Macquarie's climate strategy
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Macquarie’s climate strategy We have recalibrated our climate commitments, returning our focus to supporting the goals of the Paris Agreement Our climate ambition Our approach to climate change is Maintaining net zero
Slide 9: Empowering people to innovate and invest for a better future
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Our purpose explains why we do business Empowering people to innovate and invest for a better future Enabled by three long-held principles that define how we do business Opportunity | Accountability | Integrity © Macqu
Slide 10: Board elections
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Board elections Seeking re-election Seeking election to the Board to the Board Susan William Lloyd-Hurwitz Vereker © Macquarie Group Limited 10
Slide 11: Management changes
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Management changes The Board confirms Shemara Wikramanayake’s upcoming retirement from her role as Managing Director and Chief Executive Officer of Macquarie Group. Ms Wikramanayake will step down from the Boards of Ma
Slide 12: Overview of FY26
02 Overview of FY26 Shemara Wikramanayake Managing Director and Chief Executive Officer © Macquarie Group Limited 12
Slide 13: Years of unbroken profitability and total shareholder return
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary 57 years of unbroken profitability $Ab TSR % 6.0 $A4,847 million Performance Total shareholder Earnings per Dividends per FY26 profit 20,000 (ASX: MQG) return1 share CAGR1 share CAGR1 5.0 Since listing 15,211% 10% 10%
Slide 14: FY26 result: $A4,847m up 30% on FY25
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary FY26 result: $A4,847m up 30% on FY25 2H26 1H26 2H26 v FY26 FY25 FY26 v $Am $Am 1H26 $Am $Am FY25 Net operating income 10,786 8,691 24% 19,477 17,208 13% Total operating expenses (6,509) (6,239) 4% (12,748) (12,14
Slide 15: FY26 net profit contribution from Operating Groups $A9,924m up 36% on FY25
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary FY26 net profit contribution from Operating Groups $A9,924m up 36% on FY25 Annuity-style Markets-facing Non-Banking Group $A2,602m Macquarie Asset Management (MAM) $A1,491m Macquarie Capital (MacCap) Increase primarily
Slide 16: Diversified, global business
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Diversified, global business Total staff1 19,124 of which 50% international. A further ~265,000 people employed across managed fund assets and investments2 Americas EMEA Asia Australia3 31% of total income 28% of total
Slide 17: Macquarie Asset Management
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Macquarie Asset FY26 awards Assets under $A20.9b Management Management1 as at 31 Mar 26 Capital raised Investing to deliver positive impact for our clients, portfolio companies and communities Annual Awards4: $A351.2b
Slide 18: Banking and Financial Services
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Banking and FY26 awards $A181.3b 28% on Mar 25 $A215.3b on25% Mar 25 Financial Services Home loan portfolio1 Total BFS deposits2 A technology-driven Australian retail bank and wealth manager $A18.1b 8% on Mar 25 $A155.
Slide 19: Commodities and Global Markets
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Commodities and FY26 awards Strong underlying client business Global Markets & rankings Commodities Financial Global business offering capital and financing, Markets No. 1 Increased risk management income primarily dri
Slide 20: Macquarie Capital
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Macquarie Capital FY26 awards Advising and investing in areas of deep expertise & rankings $A27.3b $A5.2b No. 1 Private Credit portfolio7, Equity portfolio8, down 13% on A global adviser and investor. We deliver in ANZ
Slide 21: Business backed by strong funding and capital
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Business backed by strong funding and capital Funded balance sheet1 APRA Basel III capital position Credit ratings 31 Mar 26 31 Mar 26 $Ab Other2 1% Commercial paper and certificates of deposit 11% Cash and liquid asse
Slide 22: Approximate business Basel III Capital and ROE
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Approximate business Basel III Capital and ROE 31 Mar 26 APRA Basel III Capital FY26 Return on Ordinary 20-year Average Return on Operating Group @ 10.5% ($Ab) Equity1 Ordinary Equity2 Macquarie Asset Management 4.2 21
Slide 23: 1Q27 Update
03 1Q27 Update Shemara Wikramanayake Managing Director and Chief Executive Officer © Macquarie Group Limited 23
Slide 24: 1Q27 Overview
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary 1Q27 Overview Satisfactory trading conditions in the June 2026 quarter (1Q27) • MAM net profit contribution down on prior corresponding period (pcp) (1Q26), driven by the divestment of the North American and European p
Slide 25: 1Q27 Overview
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary 1Q27 Overview Macquarie Asset Management Banking and Financial Services ● $A748.0b in AUM1 at Jun 26, up 4% on Mar 26, primarily driven by increased ● Home loan portfolio5 of $A191.5b at Jun 26, up 6% on Mar 26 net ass
Slide 26: 1Q27 Overview
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary 1Q27 Overview Commodities and Global Markets Macquarie Capital ● Commodities: contribution increased on pcp, primarily driven by increased ● Higher investment-related and brokerage income, partially offset by lower adv
Slide 27: Capital, funding and liquidity update
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Capital, funding and liquidity update APRA Basel III Level 2 CET1 ratio APRA Basel III Leverage ratio Liquidity Coverage Ratio (LCR)2 Net Stable Funding Ratio (NSFR) 13.8% 4.5% 192% 113% 18.9% Harmonised1 5.0% Harmonis
Slide 28: Business capital requirements
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Business capital requirements 1Q27 Key drivers 1Q27 business capital requirements1 decrease of $A1.4b, MAM excluding FX movements ● Net movements in fund co- investments, underwrites and $Ab divestments 36.0 1.1 0.2 34
Slide 29: Regulatory update
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Regulatory update Australia ● APRA has finalised or is in the process of implementing changes to a number of prudential standards. Macquarie notes there have been the following key updates: – On 4 Dec 25, APRA released
Slide 30: FY27 Outlook
04 FY27 Outlook Shemara Wikramanayake Managing Director and Chief Executive Officer © Macquarie Group Limited 30
Slide 31: Short-term outlook
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Short-term outlook Factors impacting short-term outlook Annuity-style Markets-facing Non-Banking Group Macquarie Asset Management (MAM) Macquarie Capital (MacCap) ● Base fees expected to be broadly in line, excluding t
Slide 32: Short-term outlook
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Short-term outlook The range of factors that may influence our short-term outlook include: ● Market conditions including: global economic conditions, inflation and interest rates, significant volatility events, and the
Slide 33: Medium-term outlook
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Medium-term outlook Macquarie remains well-positioned to deliver superior performance in the medium term with established, diverse income streams Deep expertise across diverse sectors in major markets with structural g
Slide 34: Medium-term outlook
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Medium-term outlook Annuity-style Markets-facing Non-Banking Group Macquarie Asset Management (MAM) Macquarie Capital (MacCap) ● Well-positioned to respond to current market conditions and build on our ● Deploys its ba
Slide 35: Formal Business
05 Formal Business Glenn Stevens Chair © Macquarie Group Limited 35
Slide 36: 2026 Annual General Meeting
2026 Annual General Meeting Macquarie Group Limited 23 July 2026
Slide 37: Glossary
06 Glossary © Macquarie Group Limited 37
Slide 38: Glossary
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Glossary $A / AUD Australian Dollar CAGR Compound Annual Growth Rate $C Canadian Dollar CCB Capital Conservation Buffer $US / USD United States Dollar CCyB Countercyclical Capital Buffer £ / GBP Pound Sterling CET1 Com
Slide 39: Glossary
Chair's Update Overview of FY26 1Q27 Update FY27 Outlook Formal Business Glossary Glossary HQLA High-Quality Liquid Assets MSCI Morgan Stanley Capital International IFRS International Financial Reporting Standards MW Megawatt IRB Internal Ratings-Based No. Number IRRBB Interest Rate Risk in the Bank
Slide 40: 2026 Annual General Meeting
2026 Annual General Meeting Macquarie Group Limited 23 July 2026