Macquarie Group Limited 2015 Annual General Meeting 23 July 2015
FY15 Overview Kevin McCann AM Chairman
Global financial market conditions This time last year we had seen a continued improvement in global market conditions. While client activity remained subdued for certain parts of Macquarie's capital markets facing businesses, all…
Financial performance 1H15 and 2H15 profit both up on pcp FY15 Operating income of A9,293m FY15 Profit of A1,604m Am FY15 up 14% on FY14 Am FY15 up 27% on FY14 6,000 2H15 up 16% on 1H15 1,000 2H15 up 37% on 1H15 5,000 750 4,000 500…
FY15 dividend FY15 ordinary dividend of A3.30, 68% payout ratio, up on FY14 ordinary dividend of A2.60 2H15 ordinary dividend of A2.00, 40% franked 1H15 ordinary dividend of A1.30, 40% franked Dividend policy remains 60-80% annual…
46 years of profitability yrs Ab 2.0 1.8 A1,604m 1.6 27% on FY14 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0 PAGE 7
Macquaries total shareholder return outperforms global peers Rebased to 30 Jun 05 Total shareholder return 250 Macquarie Average international investment banks1 200 150 100 50 0 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09…
Macquaries total shareholder return continues to outperform global capital markets firms Since the GFC, Macquarie has outperformed the MSCI World Capital Markets Index by 78%1 Rebased to 1 Aug 07 160 Total shareholder return 140…
Compliance and regulatory change The industry is seeing a continuing increase in regulatory initiatives, resulting in increased compliance requirements across all levels of the organisation Macquarie is regulated by approx. 190…
Macquarie Group Foundation SYDNEY NEW YORK A24.2m donated by staff and Foundation in FY15 A240+ million contributed since inception LONDON HONG KONG 1,300+ organisations supported globally in FY15 33,500 hours or 4,100+ days…
Overview of the Result for the year ended 31 March 2015 Nicholas Moore Managing Director and Chief Executive Officer
FY15 result FY15 vs FY14 2H15 vs 1H15 Operating income A9.3b 14% A5.0b 16% Operating profit before tax A2.5b 20% A1.4b 25% Profit A1,604m 27% A926m 37% Earnings per share A5.02 31% A2.88 35% Dividends per share1 A3.30 27% A2.00…
FY15 result reflected the return on many years of investment across the business Macquaries annuity-style businesses (Macquarie Asset Management, Corporate and Asset Finance, and Banking and Financial Services) continued to perform well…
Diversification by region International income 70% of total income1 Total staff 14,085; International staff 54% of total Europe, Middle East & Africa Asia Americas Income: A2,013m (22% of total) Income: A1,131m (12% of total) Income:…
Macquarie Asset Management Net profit1 A1.4b 38% Operating income Assets under management Performance fees 2.4b 484b 667m A A A 27% 14% 207% AWARDS2 FY15 Autoroutes Paris-Rhin-Rhne, France 1. This represents…
Corporate and Asset Finance Net profit1 A1.1b 35% Operating income Asset and loan portfolio Growing portfolio 28.7b A A 1.6b Billions 20 FY09 (A) FY15 (A) 15 32% 13% 10 8.8 11.0 4.2 4.0 5 1.4 0.2 1.0 0.3 0…
Banking and Financial Services Net profit1 A285m 10% Personal Banking Wealth Management Business Banking Mortgages portfolio, representing 1.7% FUA Wealth Management Business Banking loan of the Australian mortgage market platform…
Business mix Capital markets facing businesses Annuity-style businesses Net profit contribution (Ab) 5.0 4.0 1.3 3.0 3.0 2.0 1.0 2.8 1.0 1.2 0.9 0.0 FY07 FY11 FY15 Comparative figures have been restated to…
Macquarie Securities Group Net profit1 A64m from FY14 A107m Operating income Top ranked global research Launched Malaysian structured warrants 918m A No. No. Australian Asian 1 1 No. IPOs2 execution3 market 6% 1…
Macquarie Capital Net profit1 A430m 54% Operating income Transaction value No. in Australia 1 A A 1.1b 141b M&A for announced and completed deals2 IPOs by number and value3 29% 50% FY15 AWARDS & DEALS…
Commodities and Financial Markets Net profit1 A835m 15% Operating income Provided No. ASX24 Futures2 1.8b 2 Brent Crude development capital A forecasting3 No. Physical gas 9% 3 marketer in North America4 AWARDS5…
Business backed by strong funding and capital MGL funded balance sheet APRA Basel III surplus capital2 Credit ratings 31 March 2015 31 March 2015 Ab 120 110 Short 100 Term1 Cash 90 80 Retail A2.7b 70 Deposits Trading & 60…
1Q16 Update Nicholas Moore Managing Director and Chief Executive Officer
1Q16 Macquarie Update Both Annuity-style businesses and Capital markets facing businesses 1Q16 contributions1 up significantly on pcp (1Q15) and broadly in line with the prior quarter (4Q15): Annuity-style businesses2 driven by the…
Annuity-Style Businesses 1Q16 Update Macquarie AUM of A477.4b, broadly in line with Mar 15 - positive net flows in MIM offset by FX, market movements and net Asset divestments in MIRA Management Performance fees of A208m, predominantly…
Capital Markets Facing Businesses 1Q16 Update Macquarie Market conditions characterised by increased volumes and volatility, particularly in Asia where the liberalisation of Securities Chinas capital markets and credit easing resulted in…
Funded balance sheet remains strong Ab 31 March 2014 Ab 31 March 2015 Ab 30 June 2015 120 14 120 120 110 ST wholesale issued paper 110 ST wholesale issued paper 110 (11% ) (11% ) 100 100 100 Other debt maturing in the next 12 Cash,…
Basel III capital position APRA Basel III Group capital at Jun 15 of A15.8b, Group surplus of A2.4b (1 Jan 16 requirements1) Bank Group APRA Basel III CET1 ratio: 9.9%; Tier 1 ratio: 11.2% Bank Group Harmonised Basel III CET1 ratio:…
FY16 Outlook Nicholas Moore Managing Director and Chief Executive Officer
Short term outlook Summarised below are the outlook statements for each Operating Group FY16 results will vary with market conditions, particularly the capital markets facing businesses Net profit contribution FY08FY15 FY08FY15 FY16…
Short term outlook While the impact of future market conditions makes forecasting difficult, we currently expect the FY16 combined net profit contribution1 from operating groups to be up on FY15 The FY16 tax rate is currently expected…
Medium term Macquarie remains well positioned to deliver superior performance in the medium term Deep expertise in major markets Build on our strength in diversity and continue to adapt our portfolio mix to changing market conditions…
Approximate business Basel III Capital & ROE As at 31 Mar 15 1 APRA Basel III Capital Approx. FY15 Return Approx. 9-Year average Return 2 Operating Group 8.5% (Ab) on Ordinary Equity2 on Ordinary Equity Annuity-style businesses 7.5…
Appendix
Funded balance sheet reconciliation The Groups statement of financial position is prepared based on generally accepted accounting principles which do not represent actual funding requirements A funded balance sheet reconciliation has…
Glossary
Glossary A/AUD Australian Dollar B Billion US/USD United States Dollar BCBS Basel Committee on Banking Supervision 1H14 Half Year ended 30 September 2013 BCN Bank Capital Notes 1H15 Half Year ended 30 September 2014 BFS Banking and…
Glossary EMEA Europe, the Middle East and Africa MIM Macquarie Investment Management EPS Earnings Per Share MIRA Macquarie Infrastructure and Real Assets EUM Equity Under Management MPW Macquarie Private Wealth FUA Funds Under…
Glossary TSR Total Shareholder Return UK United Kingdom US United States of America VaR Value at Risk VIX CBOE Volatility Index VS Versus yr Year PAGE 40
Macquarie Group Limited 2015 Annual General Meeting 23 July 2015
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