Macquarie Group, Ltd. · ASX:MQG
Macquarie — Q3 FY25 Earnings Presentation
22 slides from Macquarie's earnings presentation, Feb 11, 2025
Slide 1: 3Q25 Trading Update
3Q25 Trading Update Macquarie Group Limited 11 February 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
IMAGERY PENDING DESIGN Agenda 01 Introduction 02 3Q25 Trading Update 03 Q&A © Macquarie Group Limited 3
Slide 4: Introduction
01 Image here Introduction Sam Dobson Head of Investor Relations
Slide 5: 3Q25 Trading Update
02 Image here 3Q25 Trading Update Shemara Wikramanayake Managing Director and Chief Executive Officer
Slide 6: About Macquarie
Introduction 3Q25 Trading Update Q&A Glossary About Macquarie Annuity-style activities | Net Profit Contribution ~53% Markets-facing activities | Net Profit Contribution ~47% BFS MAM CGM MacCap Banking and Financial Services Macquarie Asset Management Commodities and Global Markets Macquarie Capital
Slide 7: 3Q25 Overview
Introduction 3Q25 Trading Update Q&A Glossary 3Q25 Overview ● FY25 year to date (YTD) net profit after tax broadly in line with FY24 YTD ● Macquarie's annuity-style businesses' (MAM and BFS) combined December 2024 quarter (3Q25) net profit contribution was substantially up on the prior corresponding
Slide 8: 3Q25 Overview: Annuity-style businesses
Introduction 3Q25 Trading Update Q&A Glossary 3Q25 Overview Annuity-style businesses Macquarie Asset Management Banking and Financial Services ~23% 1H25 contribution1 ~22% 1H25 contribution1 ● AUM of $A942.7b at Dec 24, up 3% on Sep 24 ● BFS deposits7 of $A163.8b at Dec 24, up 7% on Sep 24 ● Private
Slide 9: 3Q25 Overview: Markets-facing businesses
Introduction 3Q25 Trading Update Q&A Glossary 3Q25 Overview Markets-facing businesses Commodities and Global Markets Macquarie Capital ~43% 1H25 contribution1 ~12% 1H25 contribution1 ● Commodities contribution decreased on the pcp, primarily due to subdued conditions in certain ● Fee and commission
Slide 10: Macquarie's global footprint
Introduction 3Q25 Trading Update Q&A Glossary Macquarie's global footprint Total staff1 Americas EMEA Asia Australia2 Staff Staff Staff Staff 19,795 3,104 2,882 4,199 9,610 CANADA USA Philadelphia EUROPE Munich ASIA AUSTRALIA NEW ZEALAND 51% Calgary Boise San Diego Amsterdam Paris Bangkok Manila Ade
Slide 11: Funded balance sheet remains strong
Introduction 3Q25 Trading Update Q&A Glossary Funded balance sheet remains strong Term liabilities exceed term assets 30 Sep 24 31 Dec 24 $Ab $Ab 400 400 350 Commercial paper and certificates of 350 Commercial paper and certificates of deposit 13% Cash and liquid assets 21% Total customer deposits6
Slide 12: Capital and liquidity update
Introduction 3Q25 Trading Update Q&A Glossary Capital and liquidity update Group surplus and regulatory ratios at Dec 24 • Group capital surplus of $A8.5b1,2. Reduction in surplus of $A1.3b from Sep 24 predominantly driven by an increase in business capital requirements and the 1H25 dividend, partia
Slide 13: Business capital requirements
Introduction 3Q25 Trading Update Q&A Glossary Business capital requirements1 3Q25 Key drivers 3Q25 business capital requirement growth of $A1.0b excluding FX movements MAM • Predominantly net movements in Real $Ab Assets co-investments and underwrites 32.0 1.6 $A31.7b BFS 0.8 0.2 0.2 0.1 0.1 30.0 $A
Slide 14: Regulatory update
Introduction 3Q25 Trading Update Q&A Glossary Regulatory update Australia (Prudential) APRA has finalised or is in the process of implementing changes to a number of prudential standards. Macquarie notes the following key updates: • On 9 Dec 24, APRA confirmed it will look to phase out hybrid instru
Slide 15: Short-term outlook
Introduction 3Q25 Trading Update Q&A Glossary Short-term outlook Factors impacting short-term outlook Annuity-style businesses Markets-facing businesses Non-Banking Group Macquarie Asset Management (MAM) Macquarie Capital (MacCap) • Base fees expected to be broadly in line Subject to market conditio
Slide 16: Short-term outlook
Introduction 3Q25 Trading Update Q&A Glossary Short-term outlook The range of factors that may influence our short-term outlook include: • Market conditions including: global economic conditions, inflation and interest rates, significant volatility events, and the impact of geopolitical events • Com
Slide 17: Medium-term outlook
Introduction 3Q25 Trading Update Q&A Glossary Medium-term outlook Macquarie remains well-positioned to deliver superior performance in the medium term with its diverse business mix across annuity-style and markets-facing businesses Deep expertise across diverse sectors in major markets with structur
Slide 18: Medium-term outlook
Introduction 3Q25 Trading Update Q&A Glossary Medium-term outlook Annuity-style businesses Markets-facing businesses Non-Banking Group Macquarie Asset Management (MAM) Macquarie Capital (MacCap) • Well-positioned to respond to current market conditions and grow assets under management • Continues to
Slide 19: Approximate business Basel III Capital and ROE
Introduction 3Q25 Trading Update Q&A Glossary Approximate business Basel III Capital and ROE 30 Sep 24 APRA Basel III Capital 1H25 Return on Ordinary 18-year Average Return on Operating Group @ 10.5% ($Ab) Equity1 Ordinary Equity2 Annuity-style businesses 11.6 Macquarie Asset Management 5.1 14% 22%
Slide 20: Q&A
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Slide 21: Glossary
Introduction 3Q25 Trading Update Q&A Glossary Glossary $A / AUD Australian Dollar FCTR Foreign currency translation reserve and net investment hedge reserve $CA Canadian Dollar FUM Funds Under Management $US / USD United States Dollar FX Foreign Exchange € / EUR Euro FY Full Year ended 31 March 1H H
Slide 22: 3Q25 Trading Update
3Q25 Trading Update Macquarie Group Limited 11 February 2025 © Macquarie Group Limited 22