Investor Presentaiton
Macquarie FY20 result announcement I macquarie.com
Introduction
Overview of Result
Result Analysis and Financial Management
Outlook
Appendices
O
MACQUARIE
2H20 net profit contribution from Operating Groups
$A2,580m down 10% on 1H20; down 27% on 2H19
Non-Banking Group
Banking Group
ANNUITY-STYLE
ACTIVITIES
$A1,722m
Macquarie Asset Management (MAM)
on 1H20
flat
ON 1H20
11%
ON 2H19
Lower performance fees, lower net operating lease income and higher credit
and other impairment charges; partially offset by higher base fees and higher
investment-related & other income
Banking and Financial Services (BFS)
flat on 1H20
Growth in average volumes for BFS deposits, loan portfolio, funds on platform
and the impact of realigning the wealth advice business to focus on the high net
worth segment, offset by margin compression on deposits and higher credit
provisions
Commodities and Global Markets¹ (CGM)
on 1H20
Higher revenue from Specialised and Asset Finance and Commodities' lending
and financing activities
Banking Group
Non-Banking Group
MARKETS-FACING
ACTIVITIES
$A858m
Macquarie Capital (MacCap)
25%
ON 1H20
▼ 57%
ON 2H19
on 1H20
Increased fee income across both M&A and DCM and increased revenue from
asset realisations across the business partially offset by higher credit and other
impairment charges
Commodities and Global Markets1 (CGM)
on 1H20
Reduction in inventory management and trading revenues and an increase in
credit provisions partially offset by increased client contribution across
commodities, foreign exchange and interest rates
1. Note certain assets of the Credit Markets business, certain activities of the Cash Equities business and the Commodity Markets and Finance business, and some other less financially significant activities are undertaken from within the Non-Banking Group.
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