Investor Presentaiton
Macquarie FY20 result announcement I macquarie.com
Introduction
Overview of Result
Result Analysis and Financial Management
Outlook
Appendices
Loan and lease portfolios¹ - funded balance sheet
O
MACQUARIE
Mar 20
Sep 19
Mar 19
Operating Group
Category
$Ab
$Ab
$Ab Description
Home loans²
43.2
38.8
35.6
Secured by Australian residential property
Business banking
9.4
9.0
8.7
Loan portfolio secured largely by working capital, business cash flows and real property
BFS
Vehicle finance
10.6
11.9
11.5
Secured by Australian motor vehicles
Total BFS
63.2
59.7
55.8
Asset Finance
8.4
8.0
7.9 Predominantly secured by underlying financed assets
Loans and finance lease assets
6.2
5.7
5.6
Operating lease assets
2.2
2.3
2.3
CGM
Resources and commodities
3.0
3.6
2.6
Other
3.2
2.6
Diversified loan portfolio primarily to the resources sector that is secured by the underlying assets with associated
price hedging to mitigate risk
2.5 Predominantly relates to recourse loans to financial institutions, as well as financing for other sectors
Total CGM
14.6
14.2
13.0
Operating lease assets³
1.7
1.6
8.9
Secured by underlying financed assets including transportation assets
Structured investments
0.2
0.2
MAM
Loans to retail and wholesale counterparties that are secured against equities, investment funds or cash or are
protected by capital guarantees at maturity
Other
0.3
0.4
0.3
Secured by underlying financed assets
Total MAM
2.0
2.2
9.4
Corporate and other lending
6.7
4.2
4.1
Macquarie Capital
Diversified corporate and real estate lending portfolio, predominantly consisting of loans which are senior, secured,
covenanted and with a hold to maturity horizon. Includes diversified secured corporate lending
Total Macquarie Capital
6.7
4.2
Total loan and lease assets per funded balance sheet4
86.5
80.3
4.1
82.3
1. Loan assets are reported on a funded balance sheet basis and therefore exclude certain items such as assets that are funded by third party debt with no recourse to Macquarie beyond the borrowing entity. In addition, loan assets per the statutory balance sheet of $A94.1b at 31 Mar 20 ($A84.2b at
30 Sep 19 and $A77.8b at 31 Mar 19) are adjusted to include fundable assets not classified as loans on a statutory basis (e.g. assets subject to operating leases which are recorded in Property, Plant and Equipment in the statutory balance sheet). 2. Home loans per the funded balance sheet of
$A43.2b differs from the figure disclosed on slide 18 of $A52.1b. The funded balance sheet nets down loans and funding liabilities of non-recourse securitisation and warehouse vehicles (PUMA RMBS and SMART auto ABS) to show the net funding requirement. 3. Movement includes the sale of
Macquarie AirFinance to a joint venture. 4. Total loan assets per funded balance sheet includes self-securitised assets.
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