Macquarie Group, Ltd. · ASX:MQG
Macquarie — Shareholder Meeting (July 2025)
39 slides from Macquarie's shareholder meeting presentation, Jul 24, 2025
Slide 1: 2025 Annual General Meeting
2025 Annual General Meeting Macquarie Group Limited 24 July 2025 © Macquarie Group Limited 1
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by Macquarie Group Limited ABN 94 122 169 279 (“MGL”) and is general background information about Macquarie’s (“MGL and its subsidiaries”) activities current as at the date of this presentation. This information is given in summary form
Slide 3: Agenda
Agenda 01 Chair’s Update 02 Overview of 03 1Q26 Update FY25 04 FY26 Outlook 05 Formal 06 Glossary Business © Macquarie Group Limited 3
Slide 4: Chair's Update
01 Chair's Update Glenn Stevens Chair Introduction © Macquarie Group Limited 4
Slide 5: Financial performance
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Financial performance Operating income FY25 Profit FY25 $A17,208m $A3,715m $Am $Am 20,000 2 % 6,000 5% 15,000 ON FY24 4,500 ON FY24 10,000 3,000 5,000 1,500 0 0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EPS FY2
Slide 6: Final dividend
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Final dividend 2H25 Ordinary Dividend FY25 Ordinary Dividend $A3.90 $A6.50 FROM FROM $A3.85 $A6.40 (40% franked) (40% franked) (35% franked) IN 2H24 (35% franked) IN FY24 2H25 Record Date Payout Ratio2 20 May 25 DR
Slide 7: Risk culture
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Risk culture The Board and Management are continually and actively reviewing and enhancing our risk culture and risk management framework Risk Management Framework The Board approves the Code of Conduct and oversees th
Slide 8: Supporting climate solutions
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Supporting climate solutions Macquarie continues to support and invest in green energy and other Our approach to climate solutions to climate challenges, working in close partnership with change is based on three princ
Slide 9: Board elections
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Board elections Directors seeking re-election to the Board Jillian Broadbent Philip Coffey Michelle Hinchliffe © Macquarie Group Limited 9
Slide 10: Overview of FY25
02 Overview of FY25 Shemara Wikramanayake Managing Director and Chief Executive Officer © Macquarie Group Limited 10
Slide 11: Years of unbroken profitability
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary 56 years of unbroken profitability $Ab Total TSR % Performance shareholder Earnings per Dividends per 6.0 (ASX: MQG) return1 share CAGR1 share CAGR1 20,000 Since listing 14,253% 10% 10% 5.0 10 years 320% 7% 7% 16,000 5
Slide 12: FY25 result: $A3,715m up 5% on FY24
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary FY25 result: $A3,715m up 5% on FY24 2H25 1H25 2H25 v FY25 FY24 FY25 v $Am $Am 1H25 $Am $Am FY24 Net operating income 8,992 8,216 9% 17,208 16,887 2% Total operating expenses (6,221) (5,919) 5% (12,140) (12,061)
Slide 13: FY25 net profit contribution from Operating Groups
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary FY25 net profit contribution from Operating Groups $A6,862m up 2% on FY24 Annuity-style Markets-facing Non-Banking Group Macquarie Asset Management (MAM) Macquarie Capital (MacCap) Increase primarily driven by the gain
Slide 14: Diversified, global business
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Diversified, global business International income 66% of total income1 Total staff2 19,735 of which 51% international. A further ~243,000 people employed across managed fund assets and investments3 Americas EMEA Asia A
Slide 15: Macquarie Asset Management
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Macquarie Asset FY25 awards Private Public Management & rankings Markets Investments Investing to deliver positive outcomes for our clients, portfolio companies and communities $A389.0b 5% on Mar 24 $A552.0b 3% on Mar
Slide 16: Banking and Financial Services
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Banking and FY25 awards $A141.7b 19% $A154.0b 4% Financial Services on Mar 24 on Mar 24 Home loan portfolio1 Funds on platform2 A technology-driven Australian retail bank and wealth manager $A16.7b 6% on Mar 24 $A172.4
Slide 17: Commodities and Global Markets
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Commodities and FY25 awards Strong underlying client business Global Markets & rankings Commodities Financial Global business offering capital and ~7.4 billion Markets Decreased risk management income financing, risk m
Slide 18: Macquarie Capital
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Macquarie Capital FY25 awards Advising and investing in areas of deep expertise & rankings A global adviser and investor. We deliver strategic advice backed by industry insight $A26.0b $A6.0b No. 1 Private Credit portf
Slide 19: Approximate business Basel III Capital and ROE
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Approximate business Basel III Capital and ROE 31 Mar 25 APRA Basel III Capital FY25 Return on Ordinary 19-year Average Return on Operating Group @ 10.5% ($Ab) Equity1 Ordinary Equity2 Macquarie Asset Management 5.9 15
Slide 20: Business backed by strong funding and capital
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Business backed by strong funding and capital MGL funded balance sheet1 APRA Basel III capital position Credit ratings 31 Mar 25 31 Mar 25 $Ab Other2 1% Group capital surplus8 Group capital surplus Commercial paper and
Slide 21: Management updates
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Management updates Alex Harvey has decided to step down as Chief Financial Officer and from Macquarie’s Executive Committee, effective 31 December 2025. Alex intends to retire mid-2026, after completing an extended han
Slide 22: 1Q26 Update
03 1Q26 Update Shemara Wikramanayake Managing Director and Chief Executive Officer © Macquarie Group Limited 22
Slide 23: 1Q26 Overview
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary 1Q26 Overview Net profit contribution1 was down on prior corresponding period (pcp) (1Q25), with improved performance in BFS and Macquarie Capital, more than offset by lower contributions from MAM and CGM • MAM down on
Slide 24: 1Q26 Overview
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary 1Q26 Overview Macquarie Asset Management Banking and Financial Services ● AUM1 of $A945.8b at Jun 25, up 1% on Mar 25 ● Home loan portfolio3 of $A150.2b at Jun 25, up 6% on Mar 25 ● Private Markets: $A401.6b in AUM1, u
Slide 25: 1Q26 Overview
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary 1Q26 Overview Commodities and Global Markets Macquarie Capital ● Commodities: performance down on pcp, largely driven by reduced trading ● Advisory fee income up on pcp, particularly in the Americas. Notable deals incl
Slide 26: Capital, funding and liquidity update
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Capital, funding and liquidity update APRA Basel III Level 2 CET1 ratio APRA Basel III Leverage ratio Liquidity Coverage Ratio (LCR)2,3 Net Stable Funding Ratio (NSFR)3 12.7% 5.1% 184% 110% 17.6% Harmonised1 5.8% Harmo
Slide 27: Business capital requirements
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Business capital requirements 1Q26 drivers 1Q26 business capital requirements1 increase of $A0.4b excluding FX movements MAM ● Net movements in fund co-investments, underwrites and divestments $Ab 34.0 $A32.3b 0.7 BFS
Slide 28: Regulatory update
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Regulatory update Australia ● APRA has finalised or is in the process of implementing changes to a number of prudential standards. Macquarie notes the following key updates: – On 8 Jul 25, APRA released a consultation
Slide 29: FY26 Outlook
04 FY26 Outlook Shemara Wikramanayake Managing Director and Chief Executive Officer Outlook © Macquarie Group Limited 29
Slide 30: Short-term outlook
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Short-term outlook Factors impacting short-term outlook Annuity-style Markets-facing Non-Banking Group Macquarie Asset Management (MAM) Macquarie Capital (MacCap) Excluding the divestment of the public investments busi
Slide 31: Short-term outlook
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Short-term outlook The range of factors that may influence our short-term outlook include: ● Market conditions including: global economic conditions, inflation and interest rates, significant volatility events, and the
Slide 32: Medium-term outlook
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary IR Note: Pending approval Medium-term outlook Macquarie remains well-positioned to deliver superior performance in the medium term with established, diverse income streams Deep expertise across diverse sectors in major
Slide 33: Medium-term outlook
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Medium-term outlook Annuity-style Markets-facing Non-Banking Group Macquarie Asset Management (MAM) Macquarie Capital (MacCap) ● Well-positioned to respond to current market conditions and build on our leading global ●
Slide 34: Formal Business
05 Formal Business Glenn Stevens Chair Appendix A © Macquarie Group Limited 34
Slide 35: 2025 Annual General Meeting
2025 Annual General Meeting Macquarie Group Limited 24 July 2025 © Macquarie Group Limited 43
Slide 36: Glossary
05 Glossary © Macquarie Group Limited 44
Slide 37: Glossary
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Glossary $A / AUD Australian Dollar CAGR Compound Annual Growth Rate $C Canadian Dollar CCB Capital Conservation Buffer $US / USD United States Dollar CCyB Countercyclical Capital Buffer £ / GBP Pound Sterling CET1 Com
Slide 38: Glossary
Chair's Update Overview of FY25 1Q26 Update FY26 Outlook Formal Business Glossary Glossary IRB Internal Ratings-Based MPA Mortgage Professional Australia IRRBB Interest Rate Risk in the Banking Book MSCI Morgan Stanley Capital International IFRS International Financial Reporting Standards MW Megawat
Slide 39: 2025 Annual General Meeting
2025 Annual General Meeting Macquarie Group Limited 24 July 2025 © Macquarie Group Limited 47