Macquarie Group, Ltd. · ASX:MQG

Macquarie — Shareholder Meeting (August 2020)

134 slides from Macquarie's shareholder meeting presentation, Aug 27, 2020

Slide 1: Macquarie Group
Macquarie Group
Slide 2: Contents
Contents Macquarie at a glance 3 Our culture Our business approach 14 Our community engagement 24 Our global presence Australia and New Zealand 33 Asia 36 Europe, the Middle East and Africa 46 Americas 50 Our expertise in focus Infrastructure 54 Energy 76 Technology 91 Commodities 108 Renewables 118
Slide 3: Macquarie at a glance
Macquarie at a glance Empowering people to innovate and invest for a better future Global financial group Diverse business mix • Headquartered and listed in Australia Located in 31 markets, we conduct • Top 10 Australian company1 a mix of annuity-style and markets-facing • ~$A29 billion market capit
Slide 4: 15,849 people in 31 markets
Global financial group Australia and Asia New Zealand 33% of total income1 13% of total income1 London People People 6,670 4,014 2 2 Hong Kong Assets under management Assets under management New York $A116.4 billion $A66.9 billion employing 7,000+ people3 employing 50,000+ people3 Europe, the Middle
Slide 5: 51 years of unbroken profitability
51 years of unbroken profitability $Ab 3.0 Total Earnings Dividends MSCI World MSCI Performance shareholder per share per share Diversified Capital World $A2,731 million (ASX: MQG) return1 CAGR CAGR ASX 202 Financials2 Markets2 Banks2 FY20 profit 2.5 Since listing 5,019% 11% 11% 2nd 1st 1st 1st 5 ye
Slide 6: Consistent financial performance
Consistent financial performance Operating income Profit FY20 FY20 $Am $A12,325 million $Am $A2,731 million 3% 8% 15,000 4,000 3,000 10,000 ON FY19 ON FY19 2,000 5,000 1,000 0 0 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Earnings per share Dividend per share FY20 FY20 $A $A7.91 $A $A4.30 10 %
Slide 7: Diverse business mix
Diverse business mix Annuity-style activities Markets-facing activities Net Profit Contribution ~63% Net Profit Contribution ~37% Macquarie Asset Banking and Commodities and Global Markets Macquarie Capital Management Financial Services Diverse platform covering more than 25 market Global capability
Slide 8: Macquarie Asset Management
Macquarie Asset Management No.1 infrastructure Actively manages money for investors across multiple asset classes manager globally4 Equities Fixed income Multi-asset Infrastructure Renewables 150+ infrastructure and real assets used by ~100+ million people every day Agriculture Real Estate Transport
Slide 9: Banking and Financial Services
Banking and Financial Services Award winning digital banking offering3 A technology-driven Australian retail bank and wealth manager Australia’s 1st open banking platform gives customers control over their data Personal banking Wealth management Business banking A leading Australian Credit cards Inv
Slide 10: Commodities and Global Markets
Commodities and Global Markets No.2 physical gas marketer in North America3 Differentiated insights on Provides clients with access to markets, financing, financial hedging, 1,200+ research and market analysis and physical execution listed companies globally4 $A8.5 billion asset finance portfolio5 3
Slide 11: Macquarie Capital
Macquarie Capital No.1 Global Advises and invests alongside clients and partners to realise opportunity Infrastructure Financial Advisor4 No.1 in ANZ Infrastructure Green Energy Technology Telecommunications for completed and & Media announced M&A5 Financial Advisor of the Year6 Resources Real estat
Slide 12: Macquarie in the community
Macquarie in the community “ Macquarie $A20 million Group Foundation COVID-19 donation fund for organisations providing As a company is a member $A51 million relief efforts of the society in which it record contribution in FY20 operates, it follows that one Macquarie of its important duties is to 46
Slide 13: Macquarie's response to COVID-19
Macquarie’s response to COVID-19 Supporting our people, clients, portfolio companies and the wider community Employees • Moved >98% of staff to remote Clients • Repayment deferrals Portfolio companies • Working with portfolio Community • $A20 million allocation to $A20 million working by mid-March 2
Slide 15: What We Stand For
What We Stand For 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 © Macquarie Group Limited 15
Slide 16: We thrive on new ideas
We thrive on new ideas “ We have a bottom-up culture. We empower our people to make decisions quickly and react to what they see before opportunity passes.” Shemara Wikramanayake Chief Executive Officer 1970s 1980s 1990s 2000s 2010s Financial market innovations Cash management Infrastructure Energy
Slide 17: And equip our businesses to succeed
And equip our businesses to succeed Stable 29 years ‘A’ financial position MBL S&P Credit rating (A+ since 11 December 2019) Capital to fund growth opportunities $A7.1 billion Group capital surplus1 Facilitate Group-wide collaboration Implement Opportunity / Accountability / Integrity Group-wide sta
Slide 18: Within a robust risk management framework
Within a robust risk management framework Ownership of risk Understanding Independent sign-off at the business level worst case outcomes by Risk Management Group Principles stable for 30+ years A key factor in our 51 years of unbroken profitability © Macquarie Group Limited 18
Slide 19: We build expertise and expand into adjacencies
We build expertise and expand into adjacencies Commodities Investment management Infrastructure Asset Finance Renewables Precious metals Utilities IT Onshore wind Rotorcraft Solar Base metals Fixed income Real assets Communications Energy meters Offshore wind Agricultural commodities Energy Medical
Slide 20: And adapt our portfolio mix for changing market conditions
And adapt our portfolio mix for changing market conditions 1 Business mix International income 2 International staff 3 Annuity-style activities FY20 FY20 FY20 FY07 FY07 FY07 ~63% 25% 67% 53% 58% 34% 1. Annuity-style income includes income derived from Macquarie Asset Management, Banking and Financia
Slide 21: Always mindful of our impact
Always mindful of our impact ~100 12,800 MW Carbon neutral $A410 million million people of renewable energy since 2010 community commitment use Macquarie-managed assets in operation or since 1985 essential services daily under management 140,000+ people 250+ green Emissions 21,000 employed by energy
Slide 22: Environmental, Social and Governance
Environmental, Social and Governance Environmental Environmental and Climate Sustainability Customer and People Business conduct Macquarie and social risk social financing change in direct operations client experience and workplace and ethics Group Foundation management 391 $A9.0 billion invested or
Slide 23: A longstanding commitment to workforce diversity and inclusion
A longstanding commitment to workforce diversity and inclusion “ Our diversity is our strength and helps us deliver innovative and sustainable solutions for our clients, communities, shareholders and our people At Macquarie we seek to create a workplace where every person 68 50:50 Over ¼ feels value
Slide 25: Macquarie Group Foundation
Macquarie Group Foundation More than $A410 million committed to community organisations since 1985 Grant-making focus Integrated approach Staff-led philanthropy Supporting social and economic opportunities for young people Capacity building in the Volunteering Skills sharing Financial support “ Our
Slide 26: Supporting COVID-19 relief efforts
Supporting COVID-19 relief efforts $A20 million allocated to the Foundation to support non-profits working to combat COVID-19 and provide relief to affected communities To date, the Foundation has allocated $A7.3 million to non-profits focused on direct relief efforts providing critical food, medica
Slide 27: Macquarie Group Collection
Macquarie Group Collection Established in 1987 “ The collection acknowledges Macquarie’s heritage and reflects our Supports emerging Australian artists culture as an organisation that Over 850 works actively explores in 40 offices ideas, supports emerging talent and Themed around the Australian land
Slide 28: Last Mile Health
Last Mile Health Saving lives in the world’s most remote communities The social need The solution The award funding The World Health Last Mile Health is The award funding will help Organisation estimates expanding access Last Mile Health upskill that 1 billion people to primary healthcare 27,000 com
Slide 29: Monash University's World Mosquito Program
Monash University’s World Mosquito Program Protecting vulnerable communities from mosquito-borne diseases The social need The solution The award funding 40% of the world’s Monash University’s World The award funding will population live in areas Mosquito Program has expand the World vulnerable to de
Slide 30: Murdoch Children's Research Institute World Scabies Elimination Program
Murdoch Children’s Research Institute World Scabies Elimination Program Taking action to eliminate scabies across the world The social need The solution The award funding 200 million+ people The Institute and its The award funding will be worldwide are affected by partners are using used to lead pro
Slide 31: Social Finance
Social Finance Mobilising capital to drive social progress The social need The winner The award funding The United States is facing Social Finance uses innovative The award funding will help an entrenched workforce finance strategies, like social launch 20-25 economic development crisis relating and
Slide 32: The Ocean Cleanup
The Ocean Cleanup Developing advanced technologies to rid the world’s oceans of plastic The social need The winner The award funding 1.8 trillion pieces of plastic The Ocean Cleanup’s goal is The award will accelerate are currently floating in the to rid the world's oceans of the critical developmen
Slide 33: Our global presence: Australia and New Zealand
Our global presence Australia and New Zealand © Macquarie Group Limited 33
Slide 34: Macquarie in Australia and New Zealand
Macquarie in Australia and New Zealand 33% of income* 11 locations 2 markets Global headquarters Sydney ~$A29 billion market capitalisation1 – one of Australia’s largest listed companies Leading positions ‘‘ The strong business we built in Australia and New Zealand over half a century provided a pla
Slide 35: Our business activities in Australia and New Zealand
Our business activities in Australia and New Zealand No.1 in ANZ for completed and announced M&A2 No.1 Financial Advisor in ANZ3 No.1 Full-service offering Leading Australian Financial Advisor in ANZ for PPP3 across all business groups equities research team Retail banking and financial services por
Slide 37: Macquarie in Asia
Macquarie in Asia 13% of income* 14 ‘‘ locations Local expertise 11 markets Hong Kong and insight linking Asia with the rest of the world Asia is becoming more important to the world than ever before and 4,014 Bangkok Mumbai Established presence we’re able to facilitate Beijing Seoul in world’s larg
Slide 38: Our business activities in Asia
Our business activities in Asia Singapore Warrants awarded 2019 Top 50% of staff in shared $A66.9 billion Traded Leveraged assets under management5 services, providing Products Issuer for support to Macquarie’s the third year in a row1 global businesses Leading regional infrastructure and energy bus
Slide 39: Macquarie in China
Macquarie in China 20+ 4,000+ 690+ Invested year of experience people employed people in Macquarie’s 4GW+ in the China market at invested assets1 Greater China of renewable energy offices with 90+ capacity2 across Supporting our community through in mainland China solar and wind the Macquarie Group
Slide 40: Macquarie in South Korea
Macquarie in South Korea 20 210+ year commitment people employed in to South Korea Macquarie’s South Korean office Supporting our community through the Macquarie Group Foundation Comprehensive Domestic platform and global funds Fundraising and volunteering Equities markets, commodities, across equit
Slide 41: Macquarie in Taiwan
Macquarie in Taiwan 15+ ~2GW years of experience of projects to provide power in the Taiwan market to ~2 million homes 90+ 70+ people employed stocks under coverage1 across three with expertise across office locations the technology sector Semiconductor Warrants Leading equipment Only foreign warran
Slide 42: Macquarie in Japan
Macquarie in Japan 20+ 140+ 2,000+ year commitment people employed people employed to Japan in Macquarie’s at invested assets Japan office Solar and wind Capital Investment Supporting our community through development solutions solutions the Macquarie Group Foundation platforms through for small/mid
Slide 43: Macquarie in India
Macquarie in India 15 1,500+ 120+ Supporting our community through year commitment people in Gurugram stocks under the Macquarie Group Foundation to India support Macquarie’s research with global operations across finance, risk a combined market cap of 8,000+ and technology ~$US1 trillion beneficiar
Slide 44: Macquarie in Singapore
Macquarie in Singapore 20+ 350+ $A1.7 billion total equity year commitment people in Macquarie’s raised for LOGOS to Singapore Singapore office Property Group1 Supporting our community through Top 5 Regional hub Project advisory the Macquarie Group Foundation Foreign broker, for Macquarie’s centre o
Slide 45: Macquarie in the Philippines
Macquarie in the Philippines 15+ 940+ Top 5 year commitment people in Manila Foreign broker Supporting our community through to the Philippines support Macquarie’s Cash equities and the Macquarie Group Foundation global operations research coverage1 across operations, Fundraising and finance, techno
Slide 46: Our global presence: Europe, the Middle East and Africa
Our global presence Europe, the Middle East and Africa © Macquarie Group Limited 46
Slide 47: Macquarie in Europe, the Middle East and Africa
Macquarie in Europe, the Middle East and Africa 29% of income* ‘‘ Regional presence since 22 locations London Amsterdam Edinburgh Munich Our business in EMEA has grown consistently, trebling in size over the past 1994 decade, driven by our leadership in Braintree Frankfurt Paris 13 infrastructure, e
Slide 48: Our business activities in Europe, the Middle East and Africa
Our business activities in Europe, the Middle East and Africa $A132 billion FY20 investments Developing and managing new renewable projects, assets under management include4 from wind power in in EMEA1 Telecoms in the UK Scandinavia to solar power in the southern Mediterranean 33 Superfast broadband
Slide 49: Macquarie in the United Kingdom
Macquarie in the United Kingdom 30 year commitment 10 million+ meters provided 12,000+ Supporting our community through people employed to the UK for homes and at invested assets2 the Macquarie Group Foundation An established businesses1 presence since 1989 7grant partners funded supporting social N
Slide 51: Macquarie in the Americas
Macquarie in the Americas 25% of income* USA – New York Austin Nashville 25 ‘‘ Boise New York Boston Orlando Regional presence since 1991 locations Chicago Philadelphia 5 Dallas San Diego Houston San Francisco Macquarie has grown significantly Leading participant in Jacksonville San Jose in the US o
Slide 52: Our business activities in the Americas
Our business activities in the Americas No.2 ~12 billion Top 50 US active mutual physical gas marketer cubic feet of natural in North America – gas volume traded across fund manager5 the highest ranked North America daily1 non-producer1 $A291.6 billion assets under Equal No. 1 Financial Advisors 65+
Slide 53: Macquarie in the United States
Macquarie in the United States 25+ years in the 2,500+ people in 26,200+ people employed US market Macquarie’s at invested assets1 US offices Supporting our community through the Macquarie Group Foundation No.1 No.2 Top 50 Helping 1,000+ PPP Financial physical gas US active mutual Advisers in USA2 m
Slide 55: Our infrastructure expertise at a glance
Our infrastructure expertise at a glance Largest Manager of 20+ years infrastructure manager globally1 128 infrastructure assets 2 sector experience Strong financial, investor 80+ stocks under No.1 and community Global Financial coverage3 Advisor for PFI/PPP outcomes for Project Finance Financial Ad
Slide 56: How we built our infrastructure expertise
How we built our infrastructure expertise Social infrastructure (since ’07) Ports (since ’05) Energy infrastructure (since ’04) Communications and Media (since ’02) Utilities (since ’01) Airports (since ’01) Roads (since ’94) 1980 1990 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Corporate
Slide 57: Global opportunities in infrastructure
Global opportunities in infrastructure “ Urbanisation Global infrastructure Growing demand 68% investment expected for improved to reach transport $US79 trillion and digital There is a growing world population to live in urban by 20402 infrastructure global need for globally areas by 20501 quality i
Slide 59: Developing key French transport infrastructure
Developing key French transport infrastructure Opportunity Actions Outcomes3 APRR is the fourth largest Recognising the important motorway group in Europe, role APRR’s motorways play >€5 billion Expanded wildlife operating more than 2,300 km of in connecting French invested to expand and upgrade cro
Slide 60: Upgrading Korea's critical transport infrastructure network
Upgrading Korea’s critical transport infrastructure network Opportunity Actions Outcomes The Incheon Bridge Project began Macquarie Korea Infrastructure Incheon Grand Bridge has Providing ~60k during the Asian Financial Crisis Fund contributed to the Project successfully closed a vital in the late 1
Slide 61: Supporting North America's largest seawater desalination plant
Supporting North America’s largest and most energy-efficient seawater desalination plant Opportunity Actions Outcomes The Carlsbad Desalination Plant Macquarie Capital acted as (Plant) is a seawater reverse-osmosis exclusive financial adviser in The plant was sold to a Planned consortium of Korean i
Slide 62: Advising on the structuring and sale of a UK meter portfolio
Advising on the structuring and sale of a UK meter portfolio Opportunity Actions Outcomes Smart Metering Systems plc Macquarie Capital acted as sole Established a new source of additional Macquarie Capital helped develop (SMS) sought to raise capital to financial adviser to SMS on the funding for SM
Slide 63: Delivering a world class court facility for the ACT
Delivering a world class court facility for the Australian Capital Territory Opportunity Actions Outcomes The ACT Law Courts Project was the Australian Capital Territory’s Macquarie Capital entered a Juris Partnership with Laing Meeting the Territory’s needs for the next 50 years in a functional, 35
Slide 64: Opening-up the broadband network in Spain
Opening-up the broadband network in Spain Opportunity Actions Outcomes The introduction of an independent Macquarie Capital, with Macquarie Capital is guiding Digital Infrastructure is an wholesale fibre operator in Spain co-investment from Aberdeen the new company's growth through increasingly appe
Slide 65: Privatising the first Japan airport – Sendai Airport
Privatising the first Japan airport – Sendai Airport Opportunity Actions Outcomes Sendai Airport is one of Japan’s Combining our global network largest and busiest international of infrastructure experience in JPY2.2 billion Complete recovery from the impacts of Great East Japan airports with 3.7 mi
Slide 66: Transforming rental housing in the Netherlands
Transforming rental housing in the Netherlands into an investable asset class Opportunity Actions Outcomes Following regulatory and structural Macquarie helped to establish First fully residential BTL Both bond issues attracted changes to the housing and Domivest, a specialist non-bank securitisatio
Slide 67: Transforming the public transport network in South-East Queensland
Transforming the public transport network in South-East Queensland Opportunity Actions Outcomes South East Queensland is Macquarie Capital acted as The Tunnel, Stations and Enables a turn-up-and-go growing, with an extra 1.9 million exclusive financial adviser, Development PPP is the largest transpo
Slide 68: Revitalising toll roads in Japan's Aichi prefecture
Revitalising toll roads in Japan’s Aichi prefecture Opportunity Actions Outcomes Aichi Road Concession, Inc. Under the Japanese government’s Macquarie Capital acted as an established to operate eight toll $US1.31 billion Japan Revitalisation Strategy, the exclusive financial adviser to the country w
Slide 69: Once-in-a-century upgrade to London's water supply
Once-in-a-century upgrade to London’s water supply Opportunity Actions Outcomes A Macquarie-led consortium First new investment in Victorian Expanded waste 9 million+ acquired a stake in Thames Water pipes to improve water quality treatment capacity water customers on behalf of investors in 2006, an
Slide 70: First major road crossing of the River Thames in 30 years
First major road crossing of the River Thames in 30 years Opportunity Actions Outcomes The Silvertown Tunnel Project is Macquarie Capital acted as a lead A new 1.4km twin-bore Designed to primarily relieve expected to ease congestion and equity sponsor and sole financial road tunnel under the conges
Slide 71: Replacing essential infrastructure connecting New York and New Jersey
Replacing essential infrastructure connecting New York and New Jersey Opportunity Actions Outcomes To replace the existing, Through a public-private Increased capacity – 10-foot-wide pedestrian functionally outdated Goethals partnership, a Macquarie-led 3 lanes in each direction and bicycle walkway
Slide 72: Providing quality drinking water to China's growing cities
Providing quality drinking water to China’s growing cities Opportunity Actions Outcomes The eight million residents A Macquarie-managed fund Exceeds 301 million cubic metres of China’s Shenyang City acquired a joint controlling stake of high quality surface water were historically supplied in a wate
Slide 73: Financing social, affordable and shared ownership housing in West London
Financing social, affordable and shared ownership housing in West London Opportunity Actions Outcomes The shortage of affordable Macquarie provided a long-term Supporting SBHA’s ambition Meeting the longer-term funding homes in West London, debt facility to the charitable to improve the provision re
Slide 74: Investing in a European transport and logistics hub
Investing in a European transport and logistics hub Opportunity Actions Outcomes A Macquarie-led consortium Macquarie and its 64% Major terminal upgrade acquired a stake in Brussels co-shareholders oversaw a increase in annual Airport following its privatisation €1 billion capital expenditure passen
Slide 75: Developing an important link in the global supply chain
Developing an important link in the global supply chain Opportunity Actions Outcomes Positioned at the crossroads of A Macquarie-managed fund1 led Oversaw a significant Established a reliable and the Baltic’s deep-sea trading the greenfield development and capital investment cost effective alternati
Slide 77: Our energy expertise at a glance
Our energy expertise at a glance 13.6% 2.2% 10 million+ of total funded loan of total funded equity meters provided equity investments investments exposed for homes and exposed to to conventional businesses2 renewable energy1 energy1 No.2 No.1 Leading physical gas global renewables global renewables
Slide 78: How we built our energy expertise
How we built our energy expertise Coal (since ’08) Renewables (since ’05) Started commodities Energy Infrastructure (since ’04) platform Gas (since ’04) Meters (since ’03) Oil (since ’03) Power (since ’97) Late 1980 1990 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 1970s Provision of finan
Slide 79: Global opportunities in energy
Global opportunities in energy Electricity demand to Renewable energy triple will account for ~50% in Asia by 20401 of installed capacity by 20301 50% increase in world energy usage by 20504, led by growth in Asia US to become a Electric vehicles predicted net exporter to account for of energy by 20
Slide 81: Accelerating the green energy transition with Savion
Accelerating the green energy transition with Savion Opportunity Actions Outcomes 10GW 124 Savion LLC is an integrated Backed by the belief that the US solar and energy storage US solar market presents an development platform with attractive investment opportunity, industry-leading enterprise and si
Slide 82: Attracting further investment and jobs in regional South Australia
Attracting further investment and jobs in regional South Australia Opportunity Actions Outcomes With its strong wind resource Together with Georgetown Hills Equivalent to powering $A115–130 million and proximity to the national Renewable Energy, Macquarie 179,000 homes forecasted economic benefit tr
Slide 83: Positioning Preem to expand its renewable fuel capacity
Positioning Preem, Sweden’s largest refiner, to expand its renewable fuel capacity Opportunity Actions Outcomes To meet the demand in growth Preem mandated Macquarie Macquarie succeeded in creating The transaction supported associated with national and to lead, arrange and co-underwrite a term loan
Slide 84: Building Los Angeles' energy grid for tomorrow with AMS, CIT and Tesla
Building Los Angeles’ energy grid for tomorrow with AMS, CIT and Tesla Opportunity Actions Outcomes The rapid growth of Macquarie Capital acquired renewables coupled with a 62MW in-development portfolio 62 MW / 342 MWh Alleviating California’s the retirement of aging power of distributed battery sto
Slide 85: Enabling energy supplier roll outs of smart technology in the UK
Enabling energy supplier roll outs of smart technology in the United Kingdom Opportunity Actions Outcomes So Energy is one of the UK’s In partnership with Morrison Macquarie will fund a material This programme supports the fastest growing energy suppliers Data Services, we are funding proportion of
Slide 86: Capturing geothermal energy to power the Philippines
Capturing geothermal energy to power the Philippines Opportunity Actions Outcomes The Philippines’ energy needs A Macquarie-led consortium Working alongside a Contributing to the are expanding, driven by acquired 47.5 per cent of the Strong local partner Department of Energy’s population growth and
Slide 87: Supplying affordable and reliable electricity to Sydney's Greater West
Supplying affordable and reliable electricity to Sydney’s Greater West and the Illawarra Opportunity Actions Outcomes Sydney’s Greater West is one Macquarie led a consortium of Reducing operating expenses Connecting to solar, batteries, of the fastest growing regional investors to acquire a 50.4 per
Slide 88: Helping to meet the energy needs of Washington State
Helping to meet the energy needs of Washington State Opportunity Actions Outcomes Washington State is focused In February 2009 Macquarie More than Replaced coal-based generation on providing resilient, reliable and sustainable energy generation led a consortium of investors in the take-private of Pu
Slide 89: Giving consumers better control of their energy use
Giving consumers better control of their energy use Opportunity Actions Outcomes As part of a plan to upgrade energy supply and improve Since being awarded its first gas and electric meter installation Largest ~20% efficiency, the UK Government contract in 2003, Macquarie has independent1 smart of U
Slide 90: Ensuring the provision of gas and electricity meters for energy suppliers
Ensuring the provision of gas and electricity meters for energy suppliers Opportunity Actions Outcomes ~10,000 As traditional energy meters Macquarie’s Meter Processing Investment in equipment, are no longer manufactured Centre stores and refurbishes systems and processing to ahead of the UK’s manda
Slide 92: Our technology expertise at a glance
Our technology expertise at a glance 1st Research across Australia’s 280+ 1st Australian bank telco, media open banking with lending and and technology platform retail deposits stocks1 powered by one core banking system Award Leading advisor for IPOs winning in Australia with dominant market share d
Slide 93: How we built our technology expertise
How we built our technology expertise • Car buying • Australian and financing • Supported Google Pay • Search-as-you-speak natural Investing in Innovative wrap investment Core Banking platform API-enabled language recognition for online ecosystem • Leading digital platforms platform since ’99 • Glob
Slide 94: Global opportunities in technology
Global opportunities in technology AI to provide Global number of IoT-connected $US14 trillion devices to reach economic boost to developed 43 billion by 2023 economies by 20351 up 300% from 20182 China accounts for The brain-computer interfaces market is expected to reach ~5 million 5G subscription
Slide 96: Creating safer and smarter living spaces in Korea
Creating safer and smarter living spaces in Korea Opportunity Actions Outcomes Founded in 1971, ADT Caps provides security services to ~600,000 customers Beyond the resemblances it shares with core infrastructure, MIRA also Integration of 5G, Smart home solutions artificial intelligence, cloud for r
Slide 97: Investing in the future of transport with Via
Investing in the future of transport with Via Opportunity Actions Outcomes Via is an on-demand transit In a Series E financing led Strategic partnership Through increased access provider focused on shared by EXOR, Macquarie Capital established with Macquarie to capital, Via is well-positioned rides,
Slide 98: Creating a leading experience for Australian home loan customers
Creating a leading experience for Australian home loan customers Opportunity Actions Outcomes To offer a leading experience for • Used Human Centred Design to An award winning home loan offering Shortlisted in the Major Lender Australian home loan customers create an exceptional customer for Austral
Slide 99: Meeting the liquidity needs of private credit funds
Meeting the liquidity needs of private credit funds Opportunity Actions Outcomes Traditional financing products Providing flexibility and speed Bridges to capital calls, Closed $US7 billion+ with lengthy negotiation processes to market, Macquarie introduced syndication, co-investments, 1 were limiti
Slide 100: Delivering innovative solutions for over one million Australian businesses
Delivering innovative solutions for over one million Australian businesses and accountants Opportunity Actions Outcomes Macquarie Capital advised private Macquarie Capital used its equity firm KKR on its acquisition deep expertise to navigate Privatisation Full-service of MYOB, Australia’s leading c
Slide 101: Supporting the growth of a leading testing and compliance specialist
Supporting the growth of a leading specialist in testing and compliance services Opportunity Actions Outcomes Premier Technical Services Group Macquarie Capital and our Supporting PTSG management’s 200,000 buildings inspected (PTSG) provides tech-enabled co-investors provided capital ambition to con
Slide 102: Expanding academic opportunities for healthcare professionals across the US
Expanding academic opportunities for healthcare professionals across the US Opportunity Actions Outcomes Founded in 1992, Unitek Learning Macquarie Capital advised Unitek Increased Unitek is well-positioned to (Unitek) is an industry-leading on its sale to the Vistria Group. access to capital, enhan
Slide 103: Enabling the healthcare workforce in the US
Enabling the healthcare workforce in the US Opportunity Actions Outcomes Orbis Education Services, LLC Macquarie Capital acted as the A definitive business Orbis’ academic and healthcare builds strategic partnerships exclusive sell-side adviser to Orbis combination agreement partnerships remain in p
Slide 104: Connecting global investors to China's unlisted technology companies
Connecting global investors to China’s sought-after unlisted technology companies Opportunity Actions Outcomes China’s technology sector has Macquarie is bringing Pre-IPO investment in some Providing a been growing rapidly over the together global investors of China’s fastest-growing gateway to inve
Slide 105: Digitally disrupting Australian retail banking
Digitally disrupting Australian retail banking Opportunity Actions Outcomes Australians expect their Macquarie’s highly Award-winning digital First Australian bank banking experience to feel like personalised and intuitive banking for customers with retail lending and deposits the social and digital
Slide 106: Driving innovation in retail financial services
Driving innovation in retail financial services Opportunity Actions Outcomes Australian consumers have Macquarie has a long history of Introduced Australia’s first Launched a Wrap platform continually sought advancements introducing innovative products to Cash Management Trust in 1999 which has sinc
Slide 107: Introducing an innovative way to pay property deposits
Introducing an innovative way to pay property deposits Opportunity Actions Outcomes Despite instant payments in Macquarie created Australia’s first Improved customer experience Brought Australia’s property other areas, Australian mobile payment platform to allow for Australians in competitive auctio
Slide 109: Our commodities expertise at a glance
Our commodities expertise at a glance 115+ products Electricity and No.2 Natural Gas/ across 15+ market Environmental physical gas marketer LNG House segments, covering in North America – agriculture, energy Products House the highest ranked of the Year3 of the Year1 and metals non-producer2 In-hous
Slide 110: How we built our commodities expertise
How we built our commodities expertise Expansion into adjacent spaces through acquisitions and organic growth Bulk commodities and coal (’08) North American European power (’11) Cargill North America Power power (’08) Australian power (’11) and Gas acquisition (’17) Structured commodity finance (’06
Slide 111: Global opportunities in commodities
Global opportunities in commodities Changing energy market dynamics 58% increase in global Global population 10 billion Requires a 50% power demand by 20502 increase in global by 20401 food production3 Africa’s increase Lithium demand to US to become a Mid-2020s – US in oil consumption to double or
Slide 113: Helping sustain global food supplies
Helping sustain global food supplies Opportunity Actions Outcomes 1.3 million tons Ammonia is a globally traded Macquarie Capital, Agrifos and commodity critical to the agriculture Mabanaft joined forces to develop The world’s largest and manufacturing industries. Most Gulf Coast Ammonia (GCA) which
Slide 114: Shaping the future of sustainable commodity markets
Shaping the future of sustainable commodity markets Opportunity Actions Outcomes First exchange that uses machine Issued by Sydney and Investment anticipates the XCHG platform empowers learning and AI to convert ESG San Francisco-based Xpansiv evolution of the commodities participants to value produ
Slide 115: Acquisition brings iconic Australian gold asset under 100% domestic ownership
Acquisition brings iconic Australian gold asset under 100% domestic ownership for the first time Opportunity Actions Outcomes Following the sale of Barrick Gold Corporation’s 50% interest in the Macquarie Capital assisted Northern Star to successfully 100% Australian ownership 80Moz gold endowment a
Slide 116: Offering clients a deeper, broader global energy team
Offering clients a deeper, broader global energy team Opportunity Actions Outcomes Macquarie saw the opportunity Completing the acquisitions Enhanced capability, adding Increased oil logistics 110+ to expand the depth and of the Cargill Petroleum and capability across Latin America, breadth of its g
Slide 117: Maximising primary production through precision farming
Maximising primary production through precision farming Opportunity Actions Outcomes Demand for food is being driven by global population growth, and Precision farming technologies have been introduced to the 20 years 90,000 hectares increasing urbanisation and 90,000 hectares of cropping of experie
Slide 119: Our renewables expertise at a glance
Our renewables expertise at a glance $A20.4 billion renewable energy No.1 Leading 450+ assets under global renewables global renewables green energy and management1 financial advisor2 developer investment specialists3 $A9.0 billion European Renewable Best syndicated invested in or arranged Renewable
Slide 120: How we built our renewables expertise
How we built our renewables expertise Green Investment Bank acquisition (’17) Geothermal (’17) Offshore Wind (since ’10) Solar PV (since ’08) Biomass (since ’05) Landfill gas/Biogas (since ’05) Hydro (since ’05) Onshore Wind (since ’05) Renewables (since ’05) Energy Infrastructure (since ’04) Meters
Slide 121: Global opportunities in renewables
Global opportunities in renewables $8.4 trillion 250% 25% to be invested in expected increase of US coal-fired wind and solar in green energy power set to be globally by 20501 generation globally retired by 20251 “ from 2018 to 20251 58% 40% increase year-on-year globally What's going on in green en
Slide 123: Powering the first offshore wind farm in Taiwan
Powering the first offshore wind farm in Taiwan Opportunity Actions Outcomes Taiwan is prioritising renewable Macquarie’s Green Investment Up to Powering over approximately 2.5GW 2 million energy development. The Group, alongside partners, has been Government aims to increase developing and investin
Slide 124: Supporting Australia's transition to renewable energy
Supporting Australia’s transition to renewable energy Opportunity Actions Outcomes Palisade Investment Partners Macquarie Capital acted as Largest sale Enterprise value of (Palisade), on behalf of funds financial adviser and debt arranger transaction ~$A1,073 million managed by Palisade and First to
Slide 125: Supporting green energy infrastructure in emerging economies
Supporting green energy infrastructure in emerging economies Opportunity Actions Outcomes 200,000+ To mobilise capital to help the With a mandate to invest Clean electricity for 20,000+ world’s developing economies £200 million from the adapt to climate change, International Climate Fund solar photo
Slide 126: Supporting the transition to a greener economy in Poland
Supporting the transition to a greener economy in Poland Opportunity Actions Outcomes Poland is committed to having Macquarie's Green Investment Operational since 2014, the wind GIG underpinned the equity 21% of gross final energy Group (GIG) acquired the 42 MW farm consists of 21 Enercon E82 invest
Slide 127: Partnering with Japanese clients to fuel Macquarie's green energy development
Partnering with Japanese clients to fuel Macquarie’s green energy development Opportunity Actions Outcomes In response to the growing interest To demonstrate Macquarie’s First-of-its-kind Eligible green projects in green investment across Japan, longstanding commitment to green green loan issued by
Slide 128: Accelerating energy transition in the UK
Accelerating energy transition in the UK Opportunity Actions Outcomes East Anglia ONE is one of the Macquarie's Green Investment When fully operational East Anglia The development is supporting world’s largest offshore wind Group (GIG) acquired a 40% ONE will supply clean energy thousands of jobs th
Slide 129: Installing the first commercial floating LiDAR in Korea
Installing the first commercial floating LiDAR in Korea Opportunity Actions Outcomes South Korea is currently the fourth largest coal importer in the world. Fossil fuel energy accounts for Macquarie's Green Investment Group (GIG) has installed Korea’s first floating LiDAR system – it is 1.5GW 500MW
Slide 130: Facilitating Australia's transition to a lower carbon electricity system
Facilitating Australia’s transition to a lower carbon electricity system Opportunity Actions Outcomes With the falling costs of new renewables and thermal Macquarie Capital acted as sole financial adviser to Snowy Hydro $A5.1 billion 350,000MWh generation progressively retiring, on the $A5.1 billion
Slide 131: Financing the largest onshore wind farm in Europe
Financing the largest onshore wind farm in Europe Opportunity Actions Outcomes The EU has ambitious climate In its first investment outside the Largest known wind power Uses and energy targets for 2030, aiming to provide affordable, UK, the Green Investment Group acted as development partner and pur
Slide 132: Turning industry green with Scotland's waste resources
Turning industry green with Scotland’s waste resources Opportunity Actions Outcomes Following a ban on waste-to- Macquarie’s Green Investment The £210 million facility Will supply 100% of chemical landfill and a goal to improve Group (GIG) partnered with is expected to create manufacturer CalaChem’s
Slide 133: Partnerships to develop new investment models
Partnerships to develop new investment models Opportunity Actions Outcomes Sweden’s ambitious goal to reach Macquarie’s Green Investment Secured €270 million total Originated a 29 year PPA with net zero emissions of greenhouse Group (GIG) partnered funding – committing 100% Norsk Hydro – one of the
Slide 134: www.macquarie.com/discover
Discover more about the outcomes Macquarie generates at www.macquarie.com/discover Except for Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (MBL), any Macquarie entity referred to above is not an authorised deposit-taking institution for the purposes of the Bank

Macquarie Group — Shareholder Meeting (August 2020) on 6ix

Macquarie — Shareholder Meeting (August 2020)

Slide 1: Macquarie Group

Slide 2: Contents

Slide 3: Macquarie at a glance

Slide 4: 15,849 people in 31 markets

Slide 5: 51 years of unbroken profitability

Slide 6: Consistent financial performance

Slide 7: Diverse business mix

Slide 8: Macquarie Asset Management

Slide 9: Banking and Financial Services

Slide 10: Commodities and Global Markets

Slide 11: Macquarie Capital

Slide 12: Macquarie in the community

Slide 13: Macquarie's response to COVID-19

Slide 14: Our culture: Our business approach

Slide 15: What We Stand For

Slide 16: We thrive on new ideas

Slide 17: And equip our businesses to succeed

Slide 18: Within a robust risk management framework

Slide 19: We build expertise and expand into adjacencies

Slide 20: And adapt our portfolio mix for changing market conditions

Slide 21: Always mindful of our impact

Slide 22: Environmental, Social and Governance

Slide 23: A longstanding commitment to workforce diversity and inclusion

Slide 24: Our culture: Our community engagement

Slide 25: Macquarie Group Foundation

Slide 26: Supporting COVID-19 relief efforts

Slide 27: Macquarie Group Collection

Slide 28: Last Mile Health

Slide 29: Monash University's World Mosquito Program

Slide 30: Murdoch Children's Research Institute World Scabies Elimination Program

Slide 31: Social Finance

Slide 32: The Ocean Cleanup

Slide 33: Our global presence: Australia and New Zealand

Slide 34: Macquarie in Australia and New Zealand

Slide 35: Our business activities in Australia and New Zealand

Slide 36: Our global presence: Asia

Slide 37: Macquarie in Asia

Slide 38: Our business activities in Asia

Slide 39: Macquarie in China

Slide 40: Macquarie in South Korea

Slide 41: Macquarie in Taiwan

Slide 42: Macquarie in Japan

Slide 43: Macquarie in India

Slide 44: Macquarie in Singapore

Slide 45: Macquarie in the Philippines

Slide 46: Our global presence: Europe, the Middle East and Africa

Slide 47: Macquarie in Europe, the Middle East and Africa

Slide 48: Our business activities in Europe, the Middle East and Africa

Slide 49: Macquarie in the United Kingdom

Slide 50: Our global presence: Americas

Slide 51: Macquarie in the Americas

Slide 52: Our business activities in the Americas

Slide 53: Macquarie in the United States

Slide 54: Our expertise in focus: Infrastructure

Slide 55: Our infrastructure expertise at a glance

Slide 56: How we built our infrastructure expertise

Slide 57: Global opportunities in infrastructure

Slide 58: Case studies: Infrastructure

Slide 59: Developing key French transport infrastructure

Slide 60: Upgrading Korea's critical transport infrastructure network

Slide 61: Supporting North America's largest seawater desalination plant

Slide 62: Advising on the structuring and sale of a UK meter portfolio

Slide 63: Delivering a world class court facility for the ACT

Slide 64: Opening-up the broadband network in Spain

Slide 65: Privatising the first Japan airport – Sendai Airport

Slide 66: Transforming rental housing in the Netherlands

Slide 67: Transforming the public transport network in South-East Queensland

Slide 68: Revitalising toll roads in Japan's Aichi prefecture

Slide 69: Once-in-a-century upgrade to London's water supply

Slide 70: First major road crossing of the River Thames in 30 years

Slide 71: Replacing essential infrastructure connecting New York and New Jersey

Slide 72: Providing quality drinking water to China's growing cities

Slide 73: Financing social, affordable and shared ownership housing in West London

Slide 74: Investing in a European transport and logistics hub

Slide 75: Developing an important link in the global supply chain

Slide 76: Our expertise in focus: Energy

Slide 77: Our energy expertise at a glance

Slide 78: How we built our energy expertise

Slide 79: Global opportunities in energy