Macquarie Group, Ltd. · ASX:MQG
Macquarie — 22nd Annual Credit Suisse Asian Investment Conference 2019
85 slides from Macquarie's conference presentation, Mar 27, 2019
Slide 1: Investor presentation and management update (ASX media release)
Macquarie Group Limited ABN 94 122 169 279 50 Martin Place Telephone (61 2) 8232 3333 Sydney NSW 2000 Facsimile (61 2) 8232 7780 GPO Box 4294 Internet http://www.macquarie.com Sydney NSW 1164 AUSTRALIA For personal use only ASX/Media Release Investor presentation and management update Sydney, 27 Mar
Slide 2: 22nd Annual Credit Suisse Asian Investment Conference
22nd Annual Credit Suisse For personal use only Asian Investment Conference Hong Kong Presentation to Investors and Analysts 27-28 March 2019 Alex Harvey Chief Financial Officer Sam Dobson Head of Investor Relations
Slide 3: Disclaimer
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 22 Disclaimer For personal use only This information has been prepared on a strictly confidential basis by Macquarie Group Limited ABN 94 122 169 279
Slide 4: Agenda
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 3 Agenda For personal use only 1 Overview of Macquarie 2 Operating groups 3 3Q19 update 4 Outlook 5 Appendix © MACQUARIE 2019
Slide 5: Overview of Macquarie
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 4 01 Overview of Macquarie For personal use only © MACQUARIE 2019
Slide 6: Macquarie overview
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 55 Macquarie overview For personal use only Diversified financial group providing clients with asset management and finance, banking, advisory and ris
Slide 7: Why Macquarie?
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 66 Why Macquarie? For personal use only Unbroken profitability Predictable earnings Geographically Strong return on equity Annuity-style businesses re
Slide 8: Macquarie's evolution is driven by our people
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 77 Macquarie’s evolution is driven by our people For personal use only Our people are closest to client needs and markets We seek to identify From pos
Slide 9: Unbroken profitability through adjacent growth
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 88 Unbroken profitability through adjacent growth For personal use only FY16 FY07 Esanda FY13 Thames Water1 Advantage Funding Profit Staff number Orga
Slide 10: Strong earnings growth
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 99 Strong earnings growth For personal use only FY18 EPS of $A7.58 FY18 Operating income of $A10,920m FY18 up 15% on FY17 FY18 up 5% on FY17 $A $Am 8.
Slide 11: Macquarie's global footprint
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 10 10 Macquarie's global footprint For personal use only 2 Total staff1 Americas EMEA Asia Australia Staff Staff Staff Staff 15,110 2,758 2,019 3,630
Slide 12: Predictable earnings and geographically diverse
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 11 11 Predictable earnings and geographically diverse For personal use only Annuity-style vs Markets-facing1 Regional split of income2 FY07 FY18 FY07
Slide 13: Stable earnings
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 12 12 Stable earnings For personal use only 5 year earnings volatility relative to Macquarie 10 year earnings volatility relative to Macquarie (since
Slide 14: Strong shareholder returns
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 13 13 Strong shareholder returns For personal use only For purchases made and held to sale Macquarie has consistently outperformed the ASX 200, Divers
Slide 15: Long term ratings stability
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 14 14 Long term ratings stability Macquarie Bank Limited For personal use only Standard & Poor’s Ratings Movements from 2007 AA+ Rating movement (notc
Slide 16: Funded balance sheet remains strong
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 15 15 Funded balance sheet remains strong For personal use only Term liabilities cover term assets These charts represent Macquarie’s funded balance s
Slide 17: Diversified issuance strategy
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 16 16 Diversified issuance strategy For personal use only Term funding as at 30 Sep 18 diversified by currency1, tenor2 and type Note: All data presen
Slide 18: Strong regulatory ratios
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 17 17 Strong regulatory ratios For personal use only Bank Group December 2018 1. ‘Harmonised’ Basel III estimates are calculated in accordance with th
Slide 19: Basel III capital position
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 18 18 Basel III capital position For personal use only APRA Basel III Group capital at December 2018 of $A20.4b, Group capital surplus of $A4.0b1,2 1.
Slide 20: Regulatory update
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 19 19 Regulatory update For personal use only • Regulatory capital1 Regulatory – APRA is yet to release final standards for Australian banks to ensure
Slide 21: Regulatory update
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 20 20 Regulatory update For personal use only • Germany Regulatory – Macquarie continues to cooperate with German authorities in relation to a histori
Slide 22: Capital management update
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 21 21 Capital management update For personal use only • Impact of changes to CAF business structure: – As previously foreshadowed, the transfer of the
Slide 23: Long standing conservative risk management framework
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 22 22 Long standing conservative risk management framework For personal use only Macquarie’s core risk management principles have remained stable an
Slide 24: Operating groups
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 23 02 Operating groups For personal use only © MACQUARIE 2019
Slide 25: About Macquarie
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 24 24 About Macquarie For personal use only Annuity-style businesses Markets-facing businesses Macquarie Asset Management (MAM) Commodities and Global
Slide 26: Macquarie Asset Management
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 25 Macquarie Asset Management For personal use only Actively manages money for investors across multiple asset classes FY18 Net profit contribution* $
Slide 27: Macquarie Asset Management: growth in base fees
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 26 26 Macquarie Asset Management For personal use only Growth in base fees Net Profit Contribution1 ($Am) Base Fees ($Am) AUM ($Ab)2 1H 2H 550 532.1 1
Slide 28: MIRA: Historical Income
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 27 27 MIRA: Historical Income For personal use only MIRA performance fees and other income $Am (LHS) Average base fees (RHS)1 86 $Am MIRA base fees $A
Slide 29: Corporate and Asset Finance
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 28 Corporate and Asset Finance For personal use only Finances the assets people use every day FY18 Net profit contribution $A1,206 million 1% on FY17
Slide 30: Corporate and Asset Finance: asset and loan portfolios
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 29 29 Corporate and Asset Finance For personal use only Asset and loan portfolios Net Profit Contribution1 ($Am) Asset Finance Portfolio2 ($Ab) Princi
Slide 31: Banking and Financial Services
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 30 Banking and Financial Services For personal use only A technology-driven Australian retail bank and wealth manager Award winning FY18 Net profit co
Slide 32: Growth in BFS deposits and loans
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 31 31 Banking and Financial Services For personal use only Growth in BFS deposits and loans Net Profit Contribution1 ($Am) BFS Deposits2 ($Ab) Austral
Slide 33: Commodities and Global Markets
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 32 Commodities and Global Markets For personal use only Provides clients with access to markets, financing, financial hedging, research and market ana
Slide 34: CGM: integrated, end-to-end offering
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 33 33 Commodities and Global Markets For personal use only Integrated, end-to-end offering across global markets Net Profit Contribution1 ($Am) Net Op
Slide 35: Macquarie Capital
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 34 Macquarie Capital For personal use only Advises and invests alongside clients and partners to realise opportunity No.1 global infrastructure Global
Slide 36: Macquarie Capital: globally diversified
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 35 35 Macquarie Capital For personal use only Globally diversified with a core strength in real assets Net Profit Contribution1 ($Am) Income by region
Slide 37: 3Q19 update
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 36 03 3Q19 update For personal use only © MACQUARIE 2019
Slide 38: 3Q19 overview
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 37 37 3Q19 overview For personal use only • Satisfactory trading conditions with significant realisations in 3Q19 across the Group • Macquarie’s annui
Slide 39: 3Q19: annuity-style businesses
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 38 38 For personal use only 3Q19 Macquarie Asset Management Corporate and Asset Finance Banking and Financial Services 29% 1H19 contribution1 17% 1H19
Slide 40: 3Q19: markets-facing businesses
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 39 39 For personal use only 3Q19 Commodities and Global Markets Macquarie Capital 27% 1H19 contribution1 16% 1H19 contribution1 Overview • Strong perf
Slide 41: Outlook
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 40 04 Outlook For personal use only © MACQUARIE 2019
Slide 42: Factors impacting short-term outlook
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 41 41 Factors impacting short-term outlook For personal use only Annuity-style businesses Markets-facing businesses Macquarie Asset Management (MAM) C
Slide 43: Short-term outlook
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 42 42 Short-term outlook For personal use only • While the impact of future market conditions makes forecasting difficult, we currently expect an incr
Slide 44: Medium-term
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 43 43 Medium-term For personal use only • Macquarie remains well positioned to deliver superior performance in the medium-term • Deep expertise in maj
Slide 45: Approximate business Basel III capital and ROE
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 44 44 Approximate business Basel III Capital & ROE For personal use only Approximate 30 September 2018 business Operating Group APRA Basel III Capital
Slide 46: Medium-term: business outlook
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 45 45 Medium-term For personal use only Annuity-style businesses Markets-facing businesses Macquarie Asset Management (MAM) Commodities and Global Mar
Slide 47: Appendix
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 46 05 Appendix For personal use only © MACQUARIE 2019
Slide 48: A: Select slides from half-year result announcement
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 47 A Select For personal use only slides from result announcement for the half-year ended 30 September 2018 © MACQUARIE 2019
Slide 49: Income Statement key drivers
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 48 48 Income Statement key drivers For personal use only 1H19 2H18 1H18 • Net interest and trading income of $A2,229m, up 18% on 1H18 $Am $Am $Am – In
Slide 50: Operating income
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 49 49 Operating income For personal use only Operating income excluding AASB 15 up 5% $Am KEY DRIVERS • Following the adoption of AASB 15, $A141m of f
Slide 51: Operating expenses
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 50 50 Operating expenses For personal use only Operating expenses excluding the impact of AASB 15 are up 8% $Am KEY DRIVERS • Following the adoption o
Slide 52: Income Statement by operating group
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 51 51 Income Statement by operating group For personal use only Net profit contribution $Am
Slide 53: Macquarie Asset Management
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 52 52 Macquarie Asset Management For personal use only $Am KEY DRIVERS • Base fees up due to: – Investments made by MIRA-managed funds, increases in A
Slide 54: MAM AUM movement
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 53 53 MAM AUM movement For personal use only $Ab 1. Includes movement in contractual insurance assets. 2. Includes acquisition of GLL Real Estate Part
Slide 55: MIRA EUM movement
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 54 54 MIRA EUM movement For personal use only $Ab 1. Committed capital returned by unlisted funds or under mandates due to asset divestments, redempti
Slide 56: Corporate and Asset Finance
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 55 55 Corporate and Asset Finance For personal use only $Am KEY DRIVERS • Lower Principal Finance contribution driven by decreased income from early r
Slide 57: Asset Finance movement in the portfolio
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 56 56 Corporate and Asset Finance For personal use only Asset Finance movement in the portfolio $Ab
Slide 58: Principal Finance movement in the portfolio
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 57 57 Corporate and Asset Finance For personal use only Principal Finance movement in the portfolio Principal Finance exposure by category $Ab
Slide 59: Banking and Financial Services
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 58 58 Banking and Financial Services For personal use only $Am KEY DRIVERS • Higher Personal Banking income driven by an 18% growth in average mortgag
Slide 60: Strong balance sheet growth across the portfolios
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 59 59 Banking and Financial Services For personal use only Strong balance sheet growth across the portfolios $Ab $Ab Data based on spot volumes at per
Slide 61: Commodities and Global Markets
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 60 60 Commodities and Global Markets For personal use only $Am Commodities KEY DRIVERS $A371m • Net interest and trading income (net of associated exp
Slide 62: Commodities and Global Markets: stable client base
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 61 61 Commodities and Global Markets For personal use only Stable client base
Slide 63: Macquarie Capital
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 62 62 Macquarie Capital For personal use only $Am KEY DRIVERS • Higher investment-related income: - Higher revenue from asset realisations and reclass
Slide 64: Macquarie Capital: movement in regulatory capital
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 63 63 Macquarie Capital For personal use only Movement in regulatory capital $Ab
Slide 65: Costs of compliance
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 64 64 Costs of compliance For personal use only 1H19 2H18 1H18 • The industry continues to see an increase in Regulatory project spend $Am $Am $Am reg
Slide 66: Balance sheet highlights
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 65 65 Balance sheet highlights For personal use only • Balance sheet remains solid and conservative – Term assets covered by term funding, stable depo
Slide 67: Diversified issuance strategy
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 66 66 Diversified issuance strategy For personal use only Term funding as at 30 Sep 18 – diversified by currency1, tenor2 and type Currency Tenor Type
Slide 68: Continued customer deposit growth
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 67 67 Continued customer deposit growth For personal use only Macquarie has been successful in pursuing its strategy of diversifying its funding sourc
Slide 69: Loan and lease portfolios – Funded Balance Sheet
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 68 68 Loan and lease portfolios1 – Funded Balance Sheet For personal use only Operating Sep 18 Mar 18 Group Category $Ab $Ab Description Asset Finance
Slide 70: Equity investments of $A6.3b
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 69 69 Equity investments of $A6.3b1 For personal use only Carrying value2 Carrying value2 Sep 18 Mar 18 Category $Ab $Ab Description Macquarie Asset M
Slide 71: Regulatory update
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 70 70 Regulatory update For personal use only • Regulatory capital1 – APRA is yet to release final standards for Australian banks to ensure that their
Slide 72: Adoption of new accounting standards
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 71 71 Adoption of new accounting standards For personal use only • AASB 9 Financial Instruments adopted on 1 April 2018 – Comparative financial statem
Slide 73: Bank Group Basel III
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 72 72 Bank Group Basel III Common Equity Tier 1 (CET1) Ratio For personal use only • APRA Basel III CET1 ratio: 10.4%1 • Harmonised Basel III CET1 rat
Slide 74: Strong liquidity position maintained
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 73 73 Strong liquidity position maintained For personal use only • 159% average LCR for Sep 18 quarter, based on daily observations – Maintained well
Slide 75: Capital management update
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 74 74 Capital management update For personal use only • Share buyback – Given significant business growth in 1H19, Macquarie did not purchase any shar
Slide 76: B: Detailed result commentary
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 75 B Detailed result commentary For personal use only © MACQUARIE 2019
Slide 77: Macquarie Asset Management
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 76 76 Macquarie Asset Management For personal use only Result 1H19 2H18 1H18 • Base fees of $A884m, up on 1H18 $Am $Am $Am – Increased fees from inves
Slide 78: Corporate and Asset Finance
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 77 77 Corporate and Asset Finance For personal use only Result 1H19 2H18 1H18 • Net interest and trading income of $A200m, down 40% on 1H18 mainly as
Slide 79: Banking and Financial Services
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 78 78 Banking and Financial Services For personal use only Result 1H19 2H18 1H18 • Net interest and trading income of $A634m, up 9% on 1H18 $Am $Am $A
Slide 80: Commodities and Global Markets
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 79 79 Commodities and Global Markets For personal use only Result 1H19 2H18 1H18 • Commodities income of $A806m, significantly up on 1H18 $Am $Am $Am
Slide 81: Macquarie Capital
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 80 80 Macquarie Capital For personal use only Result 1H19 2H18 1H18 • Increased fee and commission income: $Am $Am $Am - DCM: higher fee income in the
Slide 82: C: Glossary
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 81 C Glossary For personal use only © MACQUARIE 2019
Slide 83: Glossary
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 82 82 Glossary For personal use only $A / AUD Australian Dollar CGM Commodities and Global Markets $US / USD United States Dollar CLF Committed Liquid
Slide 84: Glossary
Macquarie 22nd Annual Credit Suisse Asian Investment Conference macquarie.com Overview of Macquarie Operating groups 3Q19 update Outlook Appendix 83 83 Glossary For personal use only GIG Green Investment Group MSIS Macquarie Specialised Investment Solutions GLL GLL Real Estate Partners MW Megawa
Slide 85: 22nd Annual Credit Suisse Asian Investment Conference
22nd Annual Credit Suisse For personal use only Asian Investment Conference Hong Kong Presentation to Investors and Analysts 27-28 March 2019 Alex Harvey Chief Financial Officer Sam Dobson Head of Investor Relations
Macquarie Group — 22nd Annual Credit Suisse Asian Investment Conference 2019 on 6ix