Investor Presentaiton
Macquarie FY20 result announcement I macquarie.com
Introduction
Overview of Result
Result Analysis and Financial Management.
Outlook
Appendices
MAM AUM movement
O
MACQUARIE
Increase due to investments by MIRA-managed funds, MIM acquisition and FX movements partially offset by recent market
movements and a reduction in contractual insurance assets in MIM and divestments by MIRA-managed funds
$Ab
700
MIM +0.1
MIM +21.5
21.7
29.8
600
10.2
13.0
(23.1)
11.9
MAM 562.0
MAM 550.0
(29.4)
22.2
MAM 605.7
(0.6)
500
MIRA 189.0
400
300
200
MIM 361.0
n0
100
MIRA 200.9
MIM 361.1
MIRA 223.1
MIM 382.6
0
31-Mar-19
MIM FX impacts
MIM market
movements
MIM Net flows MIRA movement
30-Sep-19
MIM FX impacts MIM Acquisition³ MIM market
(see EUM)²
movements
MIM Net flows MIRA movement
(see EUM)²
31-Mar-20
1. $A23.1b of MIM net outflows were primarily driven by contractual fixed income insurance assets and other short-term fixed income allocations. 2. MIRA tracks its funds under management using an EUM measure as base management fee income is typically aligned with EUM. EUM and AUM are
calculated under different methodologies and as such, EUM movement is the more relevant metric for analysis purposes - refer to MIRA EUM movement on slide 34. MIRA's total EUM includes market capitalisation at measurement date plus underwritten or committed future capital raisings for listed
funds, the sum of original committed capital less capital subsequently returned for unlisted funds and mandates as well as invested capital for managed businesses. AUM is calculated as proportional enterprise value at measurement date including equity value and net debt of the underlying assets of
funds and managed assets. AUM excludes uninvested equity in MIRA. Refer MD&A s7 for further information with respect to EUM and AUM measures. 3. Acquisition of the assets related to the mutual fund management business of Foresters Investment Management Company Inc. as well as
approximately $US4b of contractual insurance assets.
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