Macquarie Group, Ltd. · ASX:MQG
Macquarie — Investor Day (February 2019)
71 slides from Macquarie's investor day presentation, Feb 12, 2019
Slide 1: Operational Briefing
For personal use only Operational Briefing Presentation to Investors and Analysts 12 February 2019
Slide 2: Disclaimer
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 22 Disclaimer For personal use only The material in this presentation has been prepared by Macquarie Group Limited ABN 94 122 169 279 (“Macquarie”, “the Group”) and
Slide 3: Agenda
Agenda For personal use only 10:00 Introduction Sam Dobson 10:05 Update since the interim result Shemara Wikramanayake 10:20 The global evolution of Macquarie Shemara Wikramanayake 10:30 Europe, the Middle East and Africa David Fass 11:00 Americas Shawn Lytle 11:30 Asia Ben Way © MACQUARIE 2019
Slide 4: Introduction
For personal use only Introduction 01 Sam Dobson Head of Investor Relations © MACQUARIE 2019
Slide 5: Update since the interim result
For personal use only Update since 02 the interim result Shemara Wikramanayake Managing Director and Chief Executive Officer © MACQUARIE 2019
Slide 6: About Macquarie
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 66 About Macquarie For personal use only Annuity-style businesses Markets-facing businesses Macquarie Asset Management (MAM) Commodities and Global Markets (CGM) • T
Slide 7: 3Q19 overview
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 77 For personal use only • Satisfactory trading conditions with significant realisations in 3Q19 across 3Q19 the Group • Macquarie’s annuity-style businesses’ (MAM,
Slide 8: 3Q19 annuity-style businesses
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 88 For personal use only 3Q19 Macquarie Asset Management Corporate and Asset Finance Banking and Financial Services 29% 1H19 contribution1 17% 1H19 contribution1 11%
Slide 9: 3Q19 markets-facing businesses
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 99 For personal use only 3Q19 Commodities and Global Markets Macquarie Capital 27% 1H19 contribution1 16% 1H19 contribution1 Overview • Strong performance continued
Slide 10: Macquarie's global footprint
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 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 6,703 CANADA US
Slide 11: Funded balance sheet remains strong
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 11 11 Funded balance sheet remains strong For personal use only Term liabilities cover term assets These charts represent Macquarie’s funded balance sheets at the re
Slide 12: Strong regulatory ratios
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 12 12 Strong regulatory ratios For personal use only Bank Group December 2018 1. ‘Harmonised’ Basel III estimates are calculated in accordance with the BCBS Basel II
Slide 13: Business capital requirements
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 13 13 Business capital requirements1 For personal use only 3Q19 key drivers Continuing business growth offset by equity investment realisations MAM • Short term unde
Slide 14: Basel III capital position
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 14 14 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. Calculated at
Slide 15: Capital update
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 15 15 For personal use only • Impact of changes to CAF business structure: Capital – As previously foreshadowed, the transfer of the CAF Principal Finance and CAF Tr
Slide 16: Regulatory update
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 16 16 For personal use only • Regulatory capital1 Regulatory – APRA is yet to release final standards for Australian banks to ensure that their capital levels can be
Slide 17: Regulatory update: Germany and Brexit
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 17 17 For personal use only • Germany Regulatory – Macquarie continues to cooperate with German authorities in relation to a historical German lending update transac
Slide 18: Management changes
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 18 18 Management changes For personal use only David Fass Paul Plewman Shawn Lytle Macquarie Infrastructure and Real Assets (MIRA) Europe, Middle East and Africa (EM
Slide 19: Factors impacting short-term outlook
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 19 19 Factors impacting short-term outlook For personal use only Annuity-style businesses Markets-facing businesses Macquarie Asset Management (MAM) Commodities and
Slide 20: Short-term outlook
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 20 20 For personal use only Short-term • While the impact of future market conditions makes forecasting difficult, we currently expect an increase of up to 15 per ce
Slide 21: Medium-term outlook
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 21 21 For personal use only Medium-term • Macquarie remains well positioned to deliver superior performance in the medium-term • Deep expertise in major markets • Bu
Slide 22: Approximate business Basel III capital and ROE
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 22 22 For personal use only Approximate 30 September 2018 business Operating Group APRA Basel III Capital @ 8.5% ($Ab) 1 Approx. 1H19 Return on Ordinary Equity2 Appr
Slide 23: Medium-term outlook by business
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 23 23 Medium-term For personal use only Annuity-style businesses Markets-facing businesses Macquarie Asset Management (MAM) Commodities and Global Markets (CGM) Lead
Slide 24: The global evolution of Macquarie
For personal use only The global evolution 03 of Macquarie © MACQUARIE 2019
Slide 25: Macquarie's evolution is driven by our people
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 25 25 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 positions of de
Slide 26: Macquarie's global expansion
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 26 26 Macquarie’s global expansion For personal use only 1969- Cook Inlet Energy Supply ING Group Asian cash equities 1979 GATX Air Conergy Constellation Energy Klei
Slide 27: Our people
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 27 27 Our people BIOCHEMIST For personal use only FARMER DATA 15,110 HUMAN SCIENTIST Employees DOCTOR RESOURCE COMMERCIAL ACTUARY MANAGER LAWYER MARKETER METEOROLOGI
Slide 28: Macquarie's global management committee
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 28 28 Macquarie’s global management committee For personal use only EMEA Americas Asia Australia 4 2 3 10 London Sydney Martin Stanley Shawn Lytle Andrew Downe Shema
Slide 29: The last decade's international income
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 29 29 The last decade's international income For personal use only International CAGR1: 13% Asia Group CAGR1: 10% EMEA Americas 1. Compound annual growth rate FY09-F
Slide 30: Regional potential
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 30 30 Regional potential For personal use only Assets under management (AUM)1 Mergers and acquisitions, advisory and underwriting deal value4 $Atr Region $Atr Region
Slide 31: Opportunities and key trends
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 31 31 Opportunities and key trends For personal use only EMEA Americas Asia Target installed capacity Total US capital raised Infrastructure investment of renewables
Slide 32: EMEA
For personal use only EMEA 04 David Fass Chief Executive Officer, EMEA © MACQUARIE 2019
Slide 33: For personal use only
For personal use only 33
Slide 34: Macquarie in EMEA
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 34 34 Macquarie in EMEA For personal use only Dublin Edinburgh Reading Amsterdam Munich Frankfurt Paris Geneva Vienna Luxembourg Zurich London Regional presence sinc
Slide 35: Years of growth, innovation and collaboration in EMEA
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 35 35 30 years of growth, innovation and collaboration in EMEA For personal use only Recent highlights Key Commodities Energy Capital markets GLL acquisition Transpo
Slide 36: EMEA key drivers
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 36 36 EMEA key drivers For personal use only A strong UK and European Energy transition European infrastructure base provides a platform for European renewable energ
Slide 37: Operating groups in EMEA
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 37 37 Operating groups in EMEA For personal use only An infrastructure Investment, financing, Green energy investment Investor and Full spectrum investment pioneer,
Slide 38: MAM: Platform acquisitions accelerating growth
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 38 38 MAM: Platform acquisitions accelerating growth and improving diversification For personal use only Opportunity Actions Outcomes Macquarie identified market opp
Slide 39: MacCap: Harnessing expertise to develop green projects
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 39 39 MacCap: Harnessing expertise to develop green projects globally For personal use only Opportunity Actions Outcomes In northern Sweden, Europe’s largest Macquar
Slide 40: CAF Asset Finance: Enabling a smarter energy grid
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 40 40 CAF Asset Finance: Enabling a smarter energy grid For personal use only Opportunity Actions Outcomes The UK Government has set the ambitious target for every h
Slide 41: CAF Principal Finance: Evolving a leading aviation franchise
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 41 41 CAF Principal Finance: Evolving a leading aviation franchise For personal use only Opportunity Actions Outcomes Airline passenger numbers have more than Strate
Slide 42: CGM: Providing uncorrelated investment opportunities
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 42 42 CGM: Providing uncorrelated investment opportunities For personal use only Opportunity Actions Outcomes The challenge of generating positive returns through th
Slide 43: What's next
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 43 What’s next For personal use only Building out from Broader businesses Leveraging our core strengths in European markets acquisitions Sectors Geographies Platform
Slide 44: Americas
For personal use only Americas 05 Shawn Lytle US Country Head © MACQUARIE 2019
Slide 45: For personal use only
For personal use only 45
Slide 46: Macquarie in the Americas
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 46 46 Macquarie in the Americas For personal use only Montreal Toronto Calgary Vancouver San Francisco New York Regional presence since 1991 San Jose USA Austin Boca
Slide 47: Years of growth, innovation and collaboration in the Americas
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 47 47 More than 25 years of growth, innovation and collaboration in the Americas For personal use only Key Commodities Energy Capital markets Recent highlights Infra
Slide 48: Americas key drivers
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 48 48 Americas key drivers For personal use only Ageing infrastructure1 Assets under management (AUM)2 Energy3 Infrastructure needs by 2025, by system Americas AUM a
Slide 49: Operating groups in the Americas
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 49 49 Operating groups in the Americas For personal use only An infrastructure Investment, financing, Green energy Investor and facilitator Full spectrum investment
Slide 50: MAM: Track-record and strong performance driving capital raising
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 50 50 MAM: Track-record and strong performance driving capital raising momentum For personal use only Opportunity Actions Outcomes The $US23tr1 US retail market Macq
Slide 51: MacCap: Financial sponsor opportunity in the United States
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 51 51 MacCap: Financial sponsor opportunity in the United States For personal use only Opportunity Actions Outcomes Building on the success of its leveraged finance
Slide 52: CAF Principal Finance: Meeting rental housing demand
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 52 52 CAF Principal Finance: Meeting rental housing demand in growth markets For personal use only Opportunity Actions Outcomes Transcontinental Realty Investors, a
Slide 53: CGM: Expanding into Southeast power
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 53 53 CGM: Expanding into Southeast power For personal use only Opportunity Actions Outcomes With a well-established presence in the Through its acquisition of the N
Slide 54: What's next
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 54 What’s next For personal use only Opportunity in largest A changing Significant new potential in capital market energy landscape infrastructure and real estate Ex
Slide 55: Asia
For personal use only Asia 06 Ben Way Chief Executive Officer, Asia © MACQUARIE 2019
Slide 56: For personal use only
For personal use only 56
Slide 57: Macquarie in Asia
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 57 57 Macquarie in Asia For personal use only Regional presence since 1994 $A58b Total AUM 10GW+ Green energy portfolio1 Beijing Tokyo Stock exchange 102 Portfolio 1
Slide 58: Years of growth, innovation and collaboration in Asia
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 58 58 25 years of growth, innovation and collaboration in Asia For personal use only Recent highlights Key Commodities Capital markets Technology India toll road MAI
Slide 59: Asia key drivers
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 59 59 Asia key drivers For personal use only Urbanisation1 Energy demand2 Assets under Technology adoption5 management (AUM)4 4,847 6,741 Million toe3 Million toe3 2
Slide 60: Operating groups in Asia
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 60 60 Operating groups in Asia For personal use only Established infrastructure Green energy investment Full spectrum provider of Enabler of capital into Facilitator
Slide 61: Shared Services
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 61 61 Shared Services For personal use only Enabling Delivering Managing our risks our global operations for the group our platform of global proactive assurance tes
Slide 62: MAM: Investment solutions for Asia's growing capital
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 62 62 MAM: Investment solutions for Asia’s growing capital For personal use only Opportunity Actions Outcomes Asia has the world’s fastest-growing Macquarie has esta
Slide 63: MacCap: Strengthened global solar development expertise
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 63 63 MacCap: Strengthened global solar development expertise For personal use only Opportunity Actions Outcomes Wind and solar technology is expected Macquarie acqu
Slide 64: CAF: Financing solution for a semiconductor company
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 64 64 CAF: Financing solution for one of Asia’s largest semiconductor companies For personal use only Opportunity Actions Outcomes Improving client’s With rising tec
Slide 65: CGM: Commodities supply chain solutions
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 65 65 CGM: Commodities supply chain solutions for producers and consumers For personal use only Opportunity Actions Outcomes Asia is the largest consumer of Macquari
Slide 66: What's next
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 66 What’s next For personal use only Investing in Asia’s growth Cross-border flows Local expertise Harnessing Macquarie expertise Connecting Asia to the world Access
Slide 67: Operational Briefing
For personal use only Operational Briefing Presentation to Investors and Analysts 12 February 2019
Slide 68: Glossary
A For personal use only Glossary © MACQUARIE 2019
Slide 69: Glossary
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 69 69 Glossary For personal use only $A / AUD Australian Dollar CGM Commodities and Global Markets $US / USD United States Dollar CLF Committed Liquid Facility £ / G
Slide 70: Glossary
Macquarie 2019 Operational Briefing macquarie.com Update since the interim result The global evolution EMEA Americas Asia Glossary 70 70 Glossary For personal use only GIG Green Investment Group MSIS Macquarie Specialised Investment Solutions GLL GLL Real Estate Partners MW Megawatt GW Gigawatt
Slide 71: Operational Briefing
For personal use only Operational Briefing Presentation to Investors and Analysts 12 February 2019