Macquarie Group Ltd S/Adr (MQBKY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Macquarie's first half 2025 results presentation. Before we start, if I could just ask everyone to turn their mobile phones either on to silent or turn them off, that would be greatly appreciated. I would like to acknowledge the traditional custodians of this land, the Gadigal people of the Eora Nation, and acknowledge or pay our respects to their elders past, present and emerging. This morning, as is customary, you'll hear from our CEO, Shamara Wickramanayake, and our CFO, Alex Harvey, and we also have our operating group and support group heads here in the room and also on the line. At the conclusion of the briefing, there'll obviously be ample time for Q&A. With that, I will hand over to Shamara. Thank you. Thanks very much, Sam, and good morning and welcome everyone from me as well. And as usual, we'll just start with noting the footprint of the businesses that we have across Macquarie, which cover both annuity style and market facing businesses. And in this particular half year period, We had a 53% contribution from the annuity style and 47% from the market facing, given the environment we've had in markets over the last while. But as you know, we have four operating groups that across them give us very good diversification in terms of the underlying themes they're exposed to and are also very well positioned for growth, both because they're small in the global or local sectors they operate in or and or the sectors are set for good structural growth. And those four operating groups are supported by very four strong central service groups, which cover things like legal and risk management, our financing and capital, and also our operating platform. Now, in this most recent half, the first half of the FY25 financial year, you...