Investor Presentaiton
Macquarie | Presentation to Investors and Analysts I macquarie.com
Macquarie Asset Management
Result
1H20
2H19
1H19
$Am
$Am
$Am
Base fees
Performance fees
950
899
879
546
483
282
Net operating lease income
303
335
327
Investment-related and other income1
85
163
64
Credit and Other impairment charges
(5)
(87)
(18)
Net operating income
1,879
1,793
1,534
Brokerage, commission and
(127)
(120)
(128)
•
trading-related expenses
Other operating expenses
(628)
(650)
(555)
•
AUM ($Ab)
Total operating expenses
Non-controlling interests
Net profit contribution²
MIRA EUM ($Ab)
Headcount
(755)
(770)
(683)
(2)
(1)
(1)
1,122
1,022
850
562.0
550.0 548.7
134.4
1,789
127.9
1,900
115.6
1,886
Overview of Macquarie
Operating Groups
3Q20 Update
Outlook
Appendix
O
MACQUARIE
Base fees of $A950m, up on 1H19
- Foreign exchange movements and investments made by MIRA-managed funds and mandates
- Partially offset by asset realisations in MIRA-managed funds and net flows in MIM
Performance fees of $A546m, up on 1H19
1H20 included performance fees from a broad range of MIRA-managed funds, managed accounts
and co-investors including MEIF1, MEIF3, MIP I, MIP II, GIF II and GIF III
- 1H19 included performance fees from MEIF1, MEIF3, ALX and other MIRA-managed funds,
managed accounts and co-investors
Net operating lease income of $A303m, down on 1H19, primarily driven by the disposal of
Macquarie AirFinance to a newly-formed joint venture with PGGM, partially offset by the acquisition
of rotorcraft assets during the prior period
Investment-related and other income of $A85m, up on 1H19, includes gains on sale and
reclassification of investments
• Total operating expenses of $A755m, up 11% on 1H19 driven mainly by foreign exchange
movements and the full period impact of the GLL and Valuelnvest acquisitions completed in the prior
corresponding period
1. Investment-related income includes net income on equity and debt investments and share of net profits of associates and joint ventures. Other income includes other fee and commission income, net interest and trading expense, other income and internal management revenue. 2. Management
accounting profit before unallocated corporate costs, profit share and income tax.
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