Investor Presentaiton
Overview of Macquarie
Operating Groups
1Q23 Update
Outlook
Appendix
Macquarie Asset Management
Increase driven by income related to the disposition of MIC assets and
increased base fees, partially offset by gain on sale of Macquarie European
Rail in prior year and lower performance fees
3,000
$Am
2,500
185
2,000
1,500
1,000
2,074
500
1
(258)
(18)
523
(328)
287
Acquisitions (29)
(316)
2,150
0
FY21 NPC
Base fees
Performance
fees
Operating
expenses
Investment-
related and
other income¹
MIC²
MER² (Rail)
Acquisitions
Ongoing³
Acquisitions
One-offs³
FY22 NPC
•
Key drivers
Base fees up due to:
Investments made by Private
Markets-managed funds and positive
market movements in Public
Investments funds
Partially offset by equity returns in
Private Markets-managed funds
Lower performance fees following a
strong prior year. Current year includes
fees from Macquarie Infrastructure
Partners (MIP) III, Macquarie European
Infrastructure Fund (MEIF) 4 and other
Private Markets-managed funds,
managed accounts and co-investors
Lower Investment-related and other
income due to non-recurrence of gains
on investments in the prior year, partially
offset by lower Macquarie AirFinance
equity accounted losses
MIC income includes recognition of a
disposition fee and equity
accounted income
Macquarie European Rail (MER) gain on
sale in prior year
Acquisition one-offs, driven by costs
which are not expected to be repeated
1. Investment-related income includes net income on equity, debt and other investments and share of net profits/(losses) from associates and joint ventures, credit and other impairment reversals/(charges). Other
income includes net interest and trading expense, other fee and commission income, net operating lease income, other income, internal management revenue and non-controlling interests. 2. Macquarie
Infrastructure Corporation and Macquarie European Rail include Investment-related and other income, which is excluded from total MAM Investment-related and other income 3. Acquisitions ongoing and one-offs
(Waddell & Reed Financial, AMP Capital's public investments business and Central Park Group) include the net impact of all income and expenses excluded from the other categories.
O Macquarie Group Limited
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