FY20 PresBuilder GBP 130520 2200 Full-Lr

Macquarie Group
Contents
Macquarie at a glance 3
Our culture
Our business approach 14
Our community engagement 25
Our global presence
Australia and New Zealand 34
Asia 37
Europe, the Middle East and Africa 47
Americas 51
Our expertise in focus
Infrastructure 55
Energy 77
Technology 92
Commodities 107
Renewables 118
© Macquarie Group Limited

Macquarie at a glance
Global financial group Diverse business mix

• Headquartered and listed in Australia Located in 31 markets, we conduct
• Top 10 Australian company1 a mix of annuity-style and markets-facing
• ~£14 billion market capitalisation activities that deliver solid returns
in a range of market conditions
• 15,849 employees in 31 markets
• £299.7 billion assets
under management
Long-term orientation Outcome-focused culture

• 51 years of unbroken profitability • Opportunity for our clients,
• 29 years MBL S&P ‘A’ credit rating2 communities and staff
• Strong funding and capital position • Accountability for outcomes
• Integrity in everything we do
All figures at 31 March 2020 throughout presentation, unless otherwise stated. 1. Based on market capitalisation. Sourced from Bloomberg 31 March 2020.
2. Upgraded to A+ in 11 December 2019.
© Macquarie Group Limited 3
Global financial group
Australia and Asia

New Zealand
33%
of total income1
13%
of total income1 London
People People
6,670 4,014
2 2
Hong Kong
Assets under management Assets under management New York
£57.5 billion £33 billion

employing 7,000+ people3 employing 50,000+ people3
Europe, the Middle Americas
25%
East and Africa Sydney
29%
People
of total income1
People
of total income1
15,849 people in 4
Locations
2,756
2
31 markets
2,409
2 Regional headquarters
2
Assets under management Assets under management
£65.2 billion £144 billion
employing 57,000+ people3 employing 27,000+ people3
1. Represents net operating income at 31 March 2020, excluding earnings on capital and other corporate items.
2. At 31 March 2020. 3. Includes staff employed at MIRA-managed fund assets and investments where Macquarie Capital
holds a significant influence. 4. Includes staff employed in certain operationally segregated subsidiaries throughout the
presentation.
51 years of unbroken profitability
£b
1.62 Total Earnings Dividends MSCI World MSCI
Performance shareholder per share per share Diversified Capital World £1,463.8 million
(ASX: MQG) return1 CAGR CAGR ASX 202 Financials2 Markets2 Banks2 FY20 profit
1.35
Since listing 5,019% 11% 11% 2nd 1st 1st 1st
5 year 50% 10% 5% 6th 3rd 15th 5th

1.08
0.81
0.54
0.27
0.00
Historical figures converted at FY20 FX rate for comparative purposes. 1. Based on companies that have been continuously listed since Macquarie’s date of listing (29 July 1996). 2. At 31 March 2020.
Consistent financial performance
Operating income Profit

FY20 FY20
£m
£6,606.1 million £m
£1,463.8 million
3% 8%
8,000 2,000
6,000 1,500
ON FY19 ON FY19
4,000 1,000
2,000 500
0 0
FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20
Earnings per share Dividend per share

FY20 FY20
£ £4.20 £ £2.30
5.00
4.00 10 % 4.00
3.00
25 %
ON FY19 ON FY19
3.00
2.00
2.00
1.00 1.00
0 0
FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20
Historical figures converted at FY20 FX rate for comparative purposes. Non-AUD figures have been converted at average FY20 FX rates.
Diverse business mix
Annuity-style activities Markets-facing activities
Net Profit Contribution ~63% Net Profit Contribution ~37%
Macquarie Asset Banking and Commodities and Global Markets Macquarie Capital
Management Financial Services Diverse platform covering more than 25 market Global capability in:
Provides investment solutions Provides a diverse range segments, with more than 200 products • Advisory and capital raising
to clients across a range of personal banking, wealth • Delivers a range of • Integrated, end-to-end services, investing alongside
of capabilities, including management, business banking tailored specialised offering across global partners and clients across the
infrastructure and renewables, and vehicle finance3 products and asset finance solutions markets including equities, capital structure, providing clients
real estate, agriculture, services to retail clients, advisers, across a variety of fixed income, foreign with specialist expertise, advice
transportation finance, private brokers and business clients industries and asset classes exchange, commodities and flexible capital solutions
credit, equities, fixed income • £39.1 billion • Commodity market and technology across a range of sectors
and multi-asset solutions funds on platform4 lending and financing • Provides clients with • Development and construction
• Top 50 global asset manager1 • £25.7 billion provides clients with risk and capital solutions of infrastructure and energy
• £299.1 billion assets under loan and lease portfolio5 loans and working capital across physical and projects, and in relation to
management2, diversified across • £31.6 billion finance across a range financial markets renewable energy projects,
regions, products, asset classes total BFS deposits 6 of commodity sectors the supply of green energy
and investor types including metals, energy solutions to corporate clients
and agriculture
MAM BFS CGM CGM MacCap
FY20 Net Profit Contribution ~40% ~14% ~9% ~23% ~14%

Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax. 1. P&I Largest Money Managers 2019. 2. As at 31 March 2020. 3. Includes general plant and equipment. 4. As at 31 March 2020,
funds on platform includes Macquarie Wrap and Vision. 5. As at 31 March 2020, the loan and lease portfolio comprises home loans in Australia, loans to Australian businesses, vehicle finance and credit cards. 6. As at 31 Mar 2020, BFS deposits exclude
corporate/wholesale deposits.
Macquarie Asset
Management
No.1
infrastructure
manager globally4
Actively manages money for investors across multiple asset classes
150+ infrastructure
and real assets used by
Equities Fixed income Multi-asset Infrastructure Renewables
~100+ million people every day
Agriculture Real Estate Transportation Private Credit

Finance
£1,166.9 million
~40% 2
FY20 net profit contribution1
Top 50
£299.1 billion
global asset manager5
Top 50
assets under management3
1. Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax.
US active mutual
2. Based on FY20 net profit contribution from operating groups. 3. At 31 March 2020. 4. Based on AUM. IPE Real Assets fund manager6
Top 75 Infrastructure Investment Managers 2019, published in July/August 2019. 5. P&I Largest Money Managers 2019.
6. At 31 March 2020. Simfund Fund Family AUM (excludes passive/index funds).
Banking and
Financial Services
Award winning
digital banking offering3
A technology-driven Australian retail bank and wealth manager
Australia’s 1st
open banking platform gives
customers control over their data
Personal banking Wealth management Business banking A leading Australian
Credit cards Investments Property services vehicle financier
Home loans Financial advice Professional services 475,000+ vehicles
Bank accounts Wrap Dealer and wholesale finance
Vehicle finance £31.6 billion
total BFS deposits4
£412.7 million £25.7 billion4

FY20 net profit contribution1 Australian loan and lease portfolio
~14% 2
More than 30+ years bringing
1.6 million Australian clients innovation and competition
to Australian consumers
1. Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax. Rebuilt our tech stack and are
2. Based on FY20 net profit contribution from operating groups. 3. Winner in 2020 Mozo Experts Choice Awards for
Exceptional Everyday Account, Excellent Banking App and Internet Banking / Macquarie Transaction account awarded a the first to offer lending and
Canstar 5 star rating for outstanding value travel debit card / Winner in the 2019 Mozo Experts Choice Awards for Internet
Banking and Exceptional Everyday Account / Winner in the 2018 Mozo Experts Choice Awards in the Travel
retail deposits on one core
Money/International Money Transfer category. 4. At 31 March 2020. banking system
Commodities and
Global Markets No.2
physical gas marketer
in North America3
Differentiated insights on
Provides clients with access to markets, financing, financial hedging,

1,200+
research and market analysis and physical execution listed companies globally4
£4 billion
asset finance portfolio5
30+ years 20+ years 15 years

in metals, agriculture, in technology, media in energy, renewables
equities, futures and FX and telecoms (TMT) and sustainability 10 million+
meters provided for
homes and businesses6
£935.8 million Leased 2 million+

smartphones worldwide
FY20 net profit contribution1
~32% 2
to telcos7
200+ products
across 25+ market segments
Natural Gas / LNG
House of the Year8
Research House
2. Based on FY20 net profit contribution from operating groups. 3. Platts Q4 – March 2020. 4. 31 March 2020. 5. At 31 March
of the Year8
2020 in the Specialised and Asset Finance (SAF) division. 6. At 31 March 2020, largest independent meter funder in UK, not
part of a distribution network or vertically integrated utility. 7. SAF TMT origination data as at 31 March 2020. 8. 2019 Energy
Risk Awards.
Macquarie Capital
No.1 Global
Advises and invests alongside clients and partners to realise opportunity
Infrastructure
Financial Advisor4
No.1 in ANZ
Infrastructure Green Energy Technology Telecommunications for completed and
& Media
announced M&A5
Financial Advisor of the Year6
Resources Real estate Industrials Healthcare
No.1 Global Power
Financial Advisor7
Global Finance
Financial institutions Consumer, Services Aerospace, Defence
Gaming & Leisure & Government Services
Best Investment Bank Award
2019 Infrastructure sector8
£404.7 million Global leader in green energy

FY20 net profit contribution1 250+ green energy projects
~14% 2 under development or construction
£157.5 billion Best Education and Higher

Education Project –
completed deals in FY203
Grangegorman Campus PPP6
2. Based on FY20 net profit contribution from operating groups. 3. Dealogic and IJGlobal for Macquarie Group completed
M&A, balance sheet investments, ECM and DCM transactions converted at the relevant report date. Deal values reflect the
Partnerships Bulletin Special
full transaction value and not an attributed value. 4. Inspiratia (CY19, by deal count and transaction volume). 5. Refinitiv Award – Acquisition of John
(FY20, No.1 for completed deals in ANZ by deal count). 6. Partnership Awards 2019. 7. Inframation CY19 by deal value.
8. Global Finance (2019). Laing Infrastructure Fund6
Macquarie in
the community
“
Macquarie £9.9 million
Group Foundation COVID-19 donation fund for
organisations providing
As a company is a member £25.2 million relief efforts
of the society in which it record contribution in FY20

operates, it follows that one Macquarie
of its important duties is to 46,000+ Group Collection
work in a multitude of ways hours volunteered Supporting emerging
artists since 1986
for the betterment of society.
In the long run this is consistent 1,600+ Macquarie Sports
non-profits supported
with a company’s duty to
Sporting opportunities for
its shareholders.” More than children in regional and
David Clarke £202.4 million remote communities
Macquarie Group Chairman 1984–2011 contributed since 1985

Macquarie’s response to COVID-19
Supporting our people, clients, portfolio companies and the wider community
Employees
• Moved >98% of staff to remote
Clients
• Repayment deferrals
Portfolio companies
• Working with portfolio
Community
• £9.9 million allocation to
£9.9 million
working by mid-March 2020 with of six months: companies to ensure BCP, Macquarie Group Foundation COVID-19 donation
no notable service interruption. financial resilience and to help combat COVID-19.
~100 million
• Personal Banking1
• Demonstrated resilience of our clients: no penalty employee wellbeing. • Foundation continues
technology (reflecting high levels or credit score impact. • Maintaining essential to match staff giving and
of routine flexible working). • Business Banking1 community services to support existing partners. Daily users of essential services
• Continued candidate selection, clients: for all loans ~100 million daily users while • BFS engaging workers
onboarding and training of new
hires virtually.
up to £5 million.
• Leasing1 clients:
practicing remote working.
• Capacity upgrades to MAM’s
digital infrastructure assets
furloughed by other
employers to meet
short-term call centre
~12%
Clients accessing assistance2
• Enhanced flexible leave 3-6 month payment
and wellbeing programs. deferrals available enabled smooth handling demand.
>98%
of activity increases from • CGM sourcing
• Enhanced support for widespread remote working.
vulnerable customers. computer equipment
• Our portfolio companies for US-based educators.
• Expertise, advice and capital have also: Staff working remotely
solutions to help clients and • Macquarie portfolio
partners navigate COVID-19 ‒ Repurposed carparks companies:
and related disruption. at MIRA’s AGS Airports ‒ Achieve3000 offering
as mobile coronavirus 2 million low-income
testing centres; students in US with
‒ Donated PPE to healthcare free access to its
workers from CLH and education platform.
free parking from Empark; ‒ INEA providing free internet
‒ Trained nurses in to teachers in Poland.
COVID-19 testing with
Penn Foster and are
using DovelTechnologies
analytics to review
antiviral clinical trials.
1. Part of Banking and Financial Services. 2. Banking and Financial Services, by loan balance at 30 April 2020.
Our culture
Our business approach

Inspired by
Lachlan Macquarie
Public spaces
Governor of New South Wales
1810 – 1821
Convict emancipation Schools, hospitals
An enduring social
and economic legacy
Australia’s 1st currency
265
building projects
in 12 years
© Macquarie Group Limited Australia’s 1st bank 15
His example
reflected
in our
long-held
principles
What We
Stand For

We thrive on new ideas
“
We have a bottom-up culture.
We empower our people to
make decisions quickly and
react to what they see before
opportunity passes.”
Shemara Wikramanayake
Chief Executive Officer
1970s 1980s 1990s 2000s 2010s
Financial market innovations Cash management Infrastructure Energy trading Renewables

FX, swaps, bullion account investment

And equip our businesses to succeed
Stable 29 years ‘A’

financial position MBL S&P Credit rating
(A+ since 11 December 2019)
Capital to fund
growth opportunities
$A7.1 billion
Group capital surplus1
Facilitate
Group-wide collaboration
Implement
Opportunity / Accountability / Integrity
Group-wide standards
1. Calculated at 8.5% RWA including the capital conservation buffer (CCB), per APRA ADI Prudential Standard 110. Based on materiality, the 8.5% used to calculate the Group capital surplus
does not include the countercyclical capital buffer (CCyB) of ~3bps. The individual CCyB varies by jurisdiction and the Bank Group’s CCyB is calculated as a weighted average based on
exposures in different jurisdictions.
Within a robust risk
management framework
Ownership of risk Understanding Independent sign-off

at the business level worst case outcomes by Risk Management Group
Principles stable for 30+ years

A key factor in our 51 years of unbroken profitability

We build expertise and expand into adjacencies
Commodities Investment management Infrastructure Asset Finance Renewables
Precious metals Utilities IT Onshore wind
Rotorcraft
Solar
Base metals Fixed income Real assets Communications
Energy meters
Offshore wind
Agricultural commodities Energy Medical equipment
Equities funds Storage

Resources
Physical commodities Renewables
Energy from waste
Delaware Renewables
Investments
Oil, gas and power acquisition Transport Smart phones Green Investment Group
Global £189 billion in assets £73.7 billion equity An infrastructure Offering specialised Green energy
commodities platform: under management under management investment pioneer asset finance solutions investment
200+ products across and development
25+ market segments expertise
A diversified business that is continually evolving

And adapt our portfolio mix
for changing market conditions
1
Business mix International income
2
International staff
3
Annuity-style activities
FY20 FY20 FY20

FY07 FY07 FY07
~63% 25% 67% 53% 58% 34%
1. Annuity-style income includes income derived from Macquarie Asset Management, Banking and Financial Services and parts of Commodities and Global Markets. % split is based on FY20 net profit contribution from Operating Groups.
2. International income includes income generated outside of Australia and New Zealand based on net operating income excluding earnings on capital and other corporate items. 3. Headcount includes certain staff employed in operationally
segregated subsidiaries.
Always mindful of our impact
~100 12,800 MW Carbon neutral £202.4 million

million people of renewable energy since 2010 community commitment
use Macquarie-managed assets in operation or since 1985
essential services daily under management
140,000+ people 250+ green Emissions 21,000

employed by energy projects reductions suppliers
Macquarie-managed assets under development 45% per capita from globally
or construction FY2010 baseline
All data at 31 March 2020.

Environmental, Social and Governance
Environmental Environmental and Climate Sustainability Customer and People Business conduct Macquarie
and social risk social financing change in direct operations client experience and workplace and ethics Group Foundation
management
391 £4.4 billion

invested or arranged in
13.6% 100% Partnerships Gold
Award 2019 for 3,000 Tailored training,
workshops and
£25.2 million
donated by
transactions of total funded loan renewable electricity Financial Advisor classroom events and leadership-led sessions
renewable energy and Macquarie staff and the
350,000
assessed under our energy efficiency equity investments by 2025 of the Year provided to over
Foundation in FY2020
Environmental and
Social Risk (ESR)
projects in FY2020 exposed to
renewable energy2 FY2020 emissions Mozo Experts online courses and 8,700 (£202.4 million since
Policy in FY2020 per capita reduced by Choice Awards 2020 staff3 inception in 1985)4
12,800 MW 2.2% 45% for Excellent banking
app, Internet banking
knowledge tests
delivered to our staff
of renewable energy
assets in operation or
of total funded equity from FY2010 baseline and Exceptional
in FY2020
1,600
under management1 investments exposed (18% reduction everyday account Women represent non-profit organisations
41%
to conventional energy2 from FY2019) supported in FY2020
Canstar Outstanding
£10 billion Value Transaction of Macquarie’s
renewable energy
assets under
Account
(2018 and 2019)
workforce and 46,000
management 36% Hours volunteered
in FY2020
of Board Directors
at 31 March 2020
More detailed information is also available at macquarie.com/ESG
1. MW of renewable energy assets in operation or under management reflect 100% generating capacity of each asset, not the proportion owned/managed by Macquarie. 2. Equity investments are reported on a funded balance sheet basis and therefore
exclude equity hedge positions and non controlling interests. Macquarie’s carrying value of its interest in East Anglia ONE Limited is $A2.8 billion, which has been partially funded with asset-specific borrowings of $A2.3 billion at 31 March 2020. Total
funded equity investments amount to $A7.4 billion as at 31 March 2020 ($A5.9 billion at 31 March 2019). 3. Content includes conduct and conduct risk, psychological safety (aimed at staff and supervisors) and ethical decision-making. Macquarie also
requires staff to undertake mandatory online Code of Conduct training. 4. Contribution comprises Macquarie Group Foundation matching support for staff donations and fundraising; Foundation donations to commemorate staff attaining 10-year and
25-year anniversaries at Macquarie; Foundation grants to non-profit organisations to recognise 12 months of board service by a Macquarie employee; and Macquarie and Foundation grants to community organisations (including Year 1 donations for the
50th Anniversary Award).
A longstanding commitment to
workforce diversity and inclusion
Our diversity is our strength and helps us deliver
innovative and sustainable solutions for our clients,
communities, shareholders and our people ““
At Macquarie we seek
to create
At
where
a workplace
Macquarie
every
feels valued
where
we seek
person
to create a workplace
every for their
person
68 50:50 Over ¼ uniqueness
feels valued and where
for their
nationalities, speaking gender balance in Year on year increase in One-quarter of the different views
uniqueness andand
where
70+ languages graduates and interns female representation Executive Committee ideas are embraced.”
hired in FY20 across total workforce and 36.4% of Macquarie’s different views and
Board of Directors Shemara
are female
ideas are embraced.”
Wikramanayake
Shemara Wikramanayake
Employee network groups In the UK, ranked No. 33 Gold Employer status Received 100/100 score
include Gender, Pride, on top 100 employer in in the 2019 Australian in the 2020 Corporate
Culture & Heritage, First the Stonewall Workplace Workplace Equality Index Equality Index rating
Australians, Families Equality Index for LGBTI inclusion from the US based
& Carers, Veterans, Human Rights Campaign
and Wellness

Our culture
Our community engagement

Macquarie
Group Foundation
More than £202.4 million
committed to community
organisations since 1985
Grant-making focus Integrated approach Staff-led philanthropy
Supporting social and

economic opportunities
for young people
Capacity
building in the
Volunteering
Skills
sharing
Financial
support
“
Our grassroots approach
to philanthropy enables staff
to support the community
organisations they feel
community sector passionately about.”
Lisa George
Head, Macquarie Group Foundation

Supporting COVID-19 relief efforts
£9.9 million allocated to the Foundation to support non-profits working

to combat COVID-19 and provide relief to affected communities
To date, the Foundation has

allocated £2.3 million to
non-profits focused on direct
relief efforts providing critical food,
medical support, humanitarian
relief kits and information to
a range of vulnerable groups
affected by COVID-19 around
the world.
£0.5 million has also been

directed to research via the
Burnet Institute for its large-scale
study on isolation/quarantine
and physical distancing, to
assist in restoring economic
and recreational activity.

Macquarie
Group
Collection
Established in 1987
“
The collection
acknowledges
Macquarie’s heritage
and reflects our
Supports emerging
Australian artists culture as an
organisation that
Over 850 works actively explores
in 40 offices ideas, supports
emerging talent and
Themed around the
Australian landscape embraces diversity
of thought.”
Helen Burton
Director
Macquarie Group Collection
James Tylor, Un-resettling (A frame hut), 2013, hand

coloured digital print edition of 5, 50 x 50cm © the artist.
Last Mile Health
Saving lives in the world’s most
remote communities
The social need The solution The award funding

The World Health Last Mile Health is The award funding will help
Organisation estimates expanding access Last Mile Health upskill
that 1 billion people to primary healthcare 27,000 community and
in remote communities in sub-Saharan Africa frontline health workers,
live without access by partnering with strengthen existing
to healthcare governments to recruit, operations in Liberia and
train, equip, manage and expand to Malawi and
pay national networks of Ethiopia, providing life-
community and frontline saving community-based
To find out more, visit
macquarie.com/50award health workers healthcare for up to
100 million+ people
and directly reaching
9 million people
Monash University’s
World Mosquito Program
Protecting vulnerable communities
from mosquito-borne diseases

40% of the world’s Monash University’s World The award funding will
population live in areas Mosquito Program has expand the World
vulnerable to devasting developed an innovative Mosquito Program
mosquito-borne diseases, natural and self-sustaining to more than 20 countries
including dengue fever, intervention where a across Asia, the Americas
Zika virus, chikungunya and naturally-occurring bacteria and Oceania, accelerating
yellow fever. Around three called Wolbachia is it to reach its goal of
billion people are at risk of introduced into the Aedes protecting 100 million
To find out more, visit contracting dengue fever aegypti mosquito, the species people by 2023
macquarie.com/50award alone each year most responsible for
transmission of these
diseases between people
Murdoch Children’s Research
Institute World Scabies
Elimination Program
Taking action to eliminate
scabies across the world

200 million+ people The Institute and its The award funding will be
worldwide are affected by partners are using used to lead projects in Fiji
scabies, a debilitating skin a medication called and the Solomon Islands to
condition that can lead to ivermectin to address demonstrate that scabies
severe skin infections and the disease. Providing a can be eliminated.
other fatal illnesses such as single round of the drug 1.5 million people will be
rheumatic heart disease in a community can reduce treated for scabies
the prevalence of scabies
To find out more, visit by 90% within 12 months
macquarie.com/50award

Social Finance
Mobilising capital to
drive social progress
The social need The winner The award funding

The United States is facing Social Finance uses innovative The award funding will help
an entrenched workforce finance strategies, like social launch 20-25 economic
development crisis relating and career impacts bonds, mobility Pay for Success
to the future of work while to address declining economic projects, reaching an
income equality in the US mobility and a growing skills estimated 20,000-25,000
is the highest it’s been gap in the US economy individuals over the life of the
since 1928 grant. The award will also
provide seed capital for a
$US50 million evergreen
fund, which will sustainably
To find out more, visit
recycle returns and unlock
macquarie.com/50award
additional impact investment
capital, ultimately benefitting
hundreds of thousands of
© Macquarie Group Limited
low-income Americans 32
The Ocean Cleanup
Developing advanced technologies
to rid the world’s oceans of plastic
The social need The winner The award funding

1.8 trillion pieces of plastic The Ocean Cleanup’s goal is The award will accelerate
are currently floating in the to rid the world's oceans of the critical development
Great Pacific Garbage Patch 90 per cent of floating plastic phase of The Ocean
(GPGP), and ocean plastic by 2040. The organisation is Cleanup’s technology.
pollution costs the global developing technological Once the design is proven,
economy $US19 billion solutions to rid our world's The Ocean Cleanup can
every year oceans of plastic: one is begin its scale-up to a full
a passive ocean clean fleet of systems to be
up system to remove existing deployed across the GPGP
To find out more, visit plastic pollution; and the and the remaining four gyres,
macquarie.com/50award second is the InterceptorTM, and tackle the top 1,000 most
a new technology that polluted rivers responsible for
intercepts plastic from rivers 80% of the plastic outflow
before reaching the ocean
Our global presence
Australia and New Zealand

Macquarie in Australia
and New Zealand
33%
of income*
11
locations
2
markets
Global headquarters
Sydney
~£14 billion
market capitalisation1 – one of
Australia’s largest listed companies
Leading positions
‘‘
The strong business we
built in Australia and
New Zealand over half a
century provided a platform
in our home market
6,670
Adelaide Manly and culture to grow globally.”
Auckland Melbourne
Brisbane Newcastle Operating since 1969 Shemara Wikramanayake
staff Canberra Parramatta Chief Executive Officer
Gold Coast Perth
*Pie charts based on net operating income at 31 March 2020, excluding earnings on capital and other corporate items.
1. At 31 March 2020.
Our business activities in
Australia and New Zealand
No.1 in ANZ for
completed and announced M&A2
No.1
Financial Advisor in ANZ3
No.1
Full-service offering Leading Australian Financial Advisor in ANZ for PPP3
across all business groups equities research team
Retail banking and financial
services portfolio includes4:
One of Australia’s Leading digital banking
largest diversified farmers
4.8 million hectares
offering with features
that are firsts in £39.1 billion
Australian banking funds on platform5
2020 Investment
Manager of the Year1
Leading Australian
vehicle financier
£26 billion
475,000+ vehicles Australian mortgage portfolio
1. 2020 Financial Standard Investment Leadership Awards. 2. Refinitiv (FY20, No.1 for completed deals in ANZ by deal
count). 3. Inframation (CY19 by value). 4. At 31 March 2020. 5. Funds on platform includes Macquarie Wrap and Vision.
Our global presence
Asia

Macquarie in Asia
13%
of income*
14
‘‘
locations
Local expertise
11
markets Hong Kong
and insight
linking Asia with the rest of the world Asia is becoming more
important to the world
than ever before and
4,014
Bangkok Mumbai Established presence we’re able to facilitate
Beijing Seoul in world’s largest growth region that connectivity.”
Gurugram Shanghai
staff
Hsin-Chu Singapore Regional presence Ben Way
Jakarta Taipei
Kuala Lumpur Tokyo
since 1994 Chief Executive Officer, Asia
Manila
Our business activities in Asia
Singapore Warrants
awarded 2019 Top
50%
of staff in shared
£33 billion
Traded Leveraged assets under management5
services, providing
Products Issuer for support to Macquarie’s
the third year in a row1 global businesses Leading regional
infrastructure and
energy business
Licenced in 14 A global integrated offering
exchanges with across equities, fixed
execution capability income, commodities
in 16 across Asia2 and foreign exchange
Renewable
Energy
Driving 850+ Deal of the Year
cross-border flows stocks under coverage3 – Formosa 1
Offshore Wind Farm 6
Asia Electronic Execution team tops
2019 Greenwich rankings across seven categories4
1. Awarded by Singapore Stock Exchange 2. Macquarie is licensed to more than one exchange in 5 markets. 3. At 20 April
2020, covering 11 markets in Asia. 873 stocks to be precise. 4. Rankings are for Asia (ex-Japan and Australia) equities:
(1) No. 1 Overall Product and Service Quality – Long Only, (2) No. 1 Best Implementation Shortfall Algo – All clients (up from
#6 in 2018), (3) No. 1 Best Implementation Shortfall Algo – Large institutions (up from #10 in 2018), (4) No. 1 Best
Implementation Shortfall Algo – All Long Only (up from #4 in 2018), (5) No. 1 Most Reliable and Easiest to Use – Long Only,
(6) No. 2 Best VWAP Algorithm – Long Only (up from #6 in 2018), (7) No. 2 Best Opportunistic Algorithm – Long Only.
5. At 31 March 2020. 6. The Asset Triple A Infrastructure Awards 2019.
Macquarie in China
20+ 4,000+ 690+

Invested
year of experience people employed people in Macquarie’s 4GW+

in the China market at invested assets1 Greater China of renewable energy
offices with 90+ capacity2 across Supporting our community through
in mainland China solar and wind the Macquarie Group Foundation
Fundraising
and volunteering
Supporting education,
environment and welfare
650,000 sqm Comprehensive Research, sales and Advised on M&A projects for rural youth
mixed use local and offshore trading capabilities cross-border and local communities
cold and dry commodities over China equities deals3 totalling over
logistics platform platform £10.9 billion
1. Including staff employed at MIRA-managed fund assets and assets MacCap has invested in. Includes permanent and temporary staff as well as
construction workers. 2. Operating and under construction. 3. Over the past 3 financial years from 1 April 2017 to 31 March 2020. All data at 31 March 2020.
Macquarie in South Korea
20 210+
year commitment people employed in Supporting our community through
to South Korea Macquarie’s South Korean office the Macquarie Group Foundation
Fundraising
Comprehensive Domestic and volunteering
platform and global funds Supporting vulnerable
Equities markets, commodities, across equity and fixed income children and communities
asset finance, advisory and fund sales
10+ years
of annual Community
Largest foreign asset manager Principal investment Volunteering Days
in South Korea with focused on renewable energy sectors
34 assets – fuel cell, offshore wind, data centres
across infrastructure, renewables,
energy and IT sectors1
1. No. of assets is as at 31 March 2020 and excludes Daesung Industrial Gases (energy) & LG CNS (IT). All data at 31 March 2020.
Macquarie in Taiwan
15+ ~2GW
years of experience of projects to provide power
in the Taiwan market to ~2 million homes
90+ 70+
people employed stocks under coverage1
across three with expertise across
office locations the technology sector
Semiconductor Warrants
Leading equipment Only foreign warrants Supporting our community through
trading and issuer in Taiwan the Macquarie Group Foundation
advisory platform
Fundraising
and volunteering
$A6.1 billion Supporting vulnerable
children and local communities
managed for investors2
across public
and private asset classes globally
1. Includes over 50 technology stocks. 2. MAM only. All other data at 31 March 2020.
Macquarie in Japan
20+ 140+ 2,000+

year commitment people employed people employed
to Japan in Macquarie’s at invested assets
Japan office
Solar and wind Capital Investment Supporting our community through

development solutions solutions the Macquarie Group Foundation
platforms through
for small/mid-caps, across alternatives
partnerships with Fundraising and volunteering
local companies blocks/warrants, and traditional
arbitrage trading asset classes for Providing funds, mentorship and
strategies and Japanese investors1 educational support for vulnerable
synthetics middle school students
Hedging and finance solutions

1st electricity futures 1st petrochemical FX and
and derivatives and JCC2 hedge integrated products
1. Provided by newly established Client Solutions Group (CSG) under MAM. 2. Japan Crude Cocktail (JCC). All other data at 31 March 2020.
Macquarie in India
15 1,500+ 120+ Supporting our community through

year commitment people in Gurugram stocks under the Macquarie Group Foundation
to India support Macquarie’s research with
global operations
across finance, risk
a combined
market cap of 8,000+
and technology ~$US1 trillion beneficiaries of youth
job training and career
development programmes
Infrastructure Top 10 Largest
advisor ranked international investor
270 million
INR
National Highways domestic equities in Indian toll roads
Authority of India broker and a leading contributed via CSR since
(NHAI) 25,000+ 2013, funding access to
research house
education, livelihoods,
Ministry of Finance hours of road safety welfare and other support
(MOF)1 training each year for vulnerable communities
1. NHAI: Hybrid Annuity Model and Toll Operate Transfer initiatives. MOF: National Infrastructure and Investment Fund. All other data at 31 March 2020.
Macquarie in Singapore
20+ 350+ £0.8 billion

total equity
year commitment people in Macquarie’s raised for LOGOS
to Singapore Singapore office Property Group1
Supporting our community through
Top 5 Regional hub Project advisory the Macquarie Group Foundation
Foreign broker, for Macquarie’s centre of Fundraising
awarded ASEAN operations excellence and volunteering
Top SGX-ST and regional
Supporting at-risk vulnerable
Member – Global2 commodities business
children and communities
Leading Asia Pacific infrastructure fund managing Market leader 4+ years

£3.7 billion across energy, infrastructure, in listed warrants of annual Community
utilities and technology assets3 Volunteering Days
1. An Asia Pacific logistics real estate developer and fund manager. Equity raised for LOGOS’s Singapore and Southeast Asian strategy since 2016.
2. 2019 Top SGX –ST Members – Global for the eighth year in a row awarded by Singapore Exchange. 3. For MAIF1 and MAIF2 funds.
All data at 31 March 2020.
Macquarie in the Philippines
15+ 940+ Top 5

year commitment people in Manila Foreign broker Supporting our community through
to the Philippines support Macquarie’s Cash equities and the Macquarie Group Foundation
global operations research coverage1
across operations, Fundraising and
finance, technology volunteering
and risk Supporting access to
education, social welfare, and
Enough clean support for at-risk vulnerable
Leading Infrastructure
energy to power children and communities
infrastructure M&A and PPP
~2 million
15+ organisations
asset manager advisory business
with a growing households
$US1.6 billion focus on renewable Energy Development actively supported by
AUM across
energy principal Corporation way of staff engagement,
transportation, energy
investments across the Philippines
storage, geothermal,
wind and solar
1. Top 5 share based on trading volume on the Philippine Stock Exchange. All data at 31 March 2020.
Our global presence
Europe, the Middle East and Africa

Macquarie in Europe,
the Middle East and Africa
29%
of income*
‘‘
Regional presence since
22
locations
London
Amsterdam Edinburgh Munich
Our business in EMEA has grown
consistently, trebling in size over the past
1994
decade, driven by our leadership in
Braintree Frankfurt Paris
13
infrastructure, energy and commodities.
Cape Town
Coventry
Geneva
Johannesburg
Reading
Solihull
Our priority is to continue to support our
existing clients in areas where we have an
4
markets Dubai Limerick Vienna established presence, while expanding our platform acquisitions
Dublin Luxembourg Watford footprint, capabilities and client base in two years
2,409 Dusseldorf Madrid Zurich across other parts of the region.”

Paul Plewman
staff Chief Executive Officer,
Europe, the Middle East and Africa
Our business activities
in Europe, the Middle East
and Africa
£65.2 billion FY20 investments Developing and managing

new renewable projects,
assets under management include4 from wind power in
in EMEA1
Telecoms in the UK Scandinavia to solar power
in the southern Mediterranean
33
Superfast broadband
in the UK
Infrastructure business
assets under management2
Fibre broadband in Spain
Roads in the Netherlands
150+
Green energy
Road tunnels in the UK projects since 2010
Sponsor/Developer Oil refinery in Sweden
of the Year3
Social housing in the UK
Global
Renewables
A leading risk management provider in the European Gas market, Deal of the Year5
actively supplying and trading across all liquid wholesale European
gas hubs
1. At 31 March 2020. 2. Represents infrastructure portfolio businesses which MIRA manages on behalf of investors with
various direct percentage stakes held in each. In some instances, portfolio businesses may operate multiple infrastructure
assets. 3. EMEA and APAC Partnership Awards 2019. 4. Includes investments made through managed funds. 5. CY19
Infrastructure Investor. All other data at 31 March 2020.
Macquarie in the United Kingdom
30 year
commitment
10 million+
meters provided
12,000+ Supporting our community through
people employed
to the UK for homes and at invested assets2 the Macquarie Group Foundation
An established businesses1
presence since 1989
7grant partners
funded supporting social
No. 1 1,700+ Renewable energy
global principal
mobility opportunities
for young people
Financial Advisor in people employed investment business
12 years
UK for PPP Finance3 across 3 offices The Green Investment
Financial Advisor Regional Group – is led
in the UK for headquarters from the UK of the CoRe programme
Infrastructure4 for EMEA in London which has supported
80 local charities with
12,000+ volunteers hours7
Winner of 2019 World’s largest infrastructure manager6
Transition Manager Our global infrastructure and real assets
of the Year5 division is headquartered in London
1. At 31 March 2020, largest independent meter funder in UK, not part of a distribution network or vertically integrated util ity. 2. At 31 March 2020. Including
staff employed at MIRA-managed fund assets and assets MacCap has invested in. Includes permanent and temporary staff as well as construction workers.
3. Inframation (CY19 by Deal Value). 4. Inframation (CY19 by Deal Count). 5. 2019 Local Authority Pension Fund (LAPF) Investments Awards
https://www.lapfinvestmentsawards.com/archive/2019-lapf-investments-awards. 6. Based on AUM. IPE Real Assets Top 75 Infrastructure Investment
Managers 2019, published in July/August 2019. 7. The Community Resourcing Programme (CoRe) aims to capacity build the local non-profit sector by
connecting London employees with local non-profits. All other data at 31 March 2020.
Our global presence
Americas

Macquarie in the Americas
25%
of income*
USA – New York

Austin Nashville
25
‘‘
Boise New York
Boston Orlando Regional presence since 1991
locations Chicago Philadelphia
5
Dallas San Diego
Houston San Francisco Macquarie has grown significantly Leading participant in
Jacksonville San Jose in the US over the past decade. changing US energy and
markets Los Angeles Seattle Our diversified businesses have infrastructure landscape
allowed us to deliver steady
2,756
Minneapolis Walnut Creek
performance for clients in the
Providing asset management
North South world’s largest capital market,
and advisory services in world’s
staff Calgary Mexico City even in challenging conditions
largest capital market
Montreal Santiago and a competitive landscape.”
Toronto São Paulo
Vancouver Shawn Lytle
Head of Americas
Macquarie Group
Our business activities
in the Americas
No.2 ~12 billion Top 50

US active mutual
physical gas marketer cubic feet of natural
in North America – gas volume traded across fund manager5
the highest ranked North America daily1
non-producer1
£144 billion
assets under
Equal No. 1
Financial Advisors
65+ management6
in the USA for bookrun DCM deals

Infrastructure2 completed in FY20 valued 10
at over $US43 billion3 infrastructure and
real assets funds7
US sector specialist North America
Research, Execution,
and Asia-Pacific Sales
Natural Gas
Western US and Canada
providing access
Dealer of the Year4
to global markets
1. Platts Q4 – March 2020. 2. Inframation (CY19 by Deal Count). 3. Dealogic, at 31 March 2020. 4. No.1 in the 2020 Energy
Risk Commodity Rankings. 5. At 31 March 2020. Simfund Fund Family AUM (excludes passive/index funds).
6. At 31 March 2020. 7. Excludes funds managed as part of Joint Ventures.
Macquarie in the United States
25+
years in the
2,500+
people in
26,200+
people employed
US market Macquarie’s at invested assets1
US offices Supporting our community
through the Macquarie
Group Foundation
No.1 No.2 Top 50 Helping
1,000+
PPP Financial physical gas US active mutual
Advisers in USA2 marketer in fund manager4
North America3 low-income US
college students
18 Awards rankings
• Winner of 2019 PDI Fund Financier of the Year5
secure paid
internships in their
field of interest7
locations connected
to our global platform • Equal No. 1 Financial Advisors in the USA for Infrastructure6
1. At 31 March 2020. Includes staff employed at MIRA-managed fund assets and assets MacCap has invested in. 2. Inframation (CY19 by Deal Value). 3. Platts Q4 – March 2020.
4. At 31 March 2020. Simfund Fund Family AUM (excludes passive/index funds). 5. Private Debt Investor Awards 2019, Fund Financier of the Year – Americas. 6. Inframation (CY19 by Deal
Count). 7. Together with the Macquarie Group Foundation’s eight college and career success grant partners. All other data at 31 March 2019.
Infrastructure

Our infrastructure expertise
at a glance
Largest Manager of 20+ years

infrastructure
manager globally1
128
infrastructure assets 2
sector experience
Strong
financial, investor
80+
stocks under
No.1
and community Global Financial
coverage3 Advisor for PFI/PPP
outcomes
for Project Finance
Financial Advisor4
Global Finance Best Investment Bank Award 2019

Infrastructure sector5
A pioneer in the global infrastructure sector

1. Based on AUM. IPE Real Assets Top 75 Infrastructure Investment Managers 2019, published in July/August 2019. 2. At 31 March 2020. 3. At 20 April 2020.
4. Dealogic by volume CY19. 5. Global Finance (2019).
How we built our infrastructure expertise
Social infrastructure (since ’07)

Ports (since ’05)
Energy infrastructure (since ’04)
Communications and Media (since ’02)
Utilities (since ’01)
Airports (since ’01)
Roads (since ’94)
1980 1990 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Corporate finance and advisory (since 1981)

Asset management (since 1994)
Research coverage (since 1995)
Debt and equity solutions (since 2009)

Global opportunities
in infrastructure
“
Urbanisation Global infrastructure Growing demand
68%
investment expected for improved
to reach transport
$US79 trillion and digital There is a growing
world population
to live in urban by 20402 infrastructure global need for
globally
areas by 20501 quality infrastructure
as urban populations
grow and the world
41 New infrastructure
driving growth in
Increased
investor appetite transitions to a low
megacities emerging economies for infrastructure
with populations carbon economy.”
exceeding 20 million
operating by 20303 Shemara Wikramanayake
Macquarie continues to evolve its leading sector offering

1. United Nations, 2018. 2. World Economic Forum https://www.weforum.org/agenda/2019/01/infrastructure-around-the-world-failing-heres-how-to-make-it-
more-resilient. 3. EY – The Power of Three https://www.ey.com/Publication/vwLUAssets/EY-the-power-of-three-for-smarter-more-resilient-cities/$FILE/EY-the-
power-of-three-for-smarter-more-resilient-cities.pdf
Case studies
Infrastructure

Developing key French
transport infrastructure
Opportunity Actions Outcomes3

APRR is the fourth largest Recognising the important
motorway group in Europe, role APRR’s motorways play
>€5 billion Expanded wildlife
operating more than 2,300 km of in connecting French invested to expand and upgrade crossings and tree planting
toll roads across France that are communities and supply chains, APRR’s network to support local ecosystems
relied on by approximately MIRA and its co-shareholders
23 million customers each year1,2 supported the business as it ~50% Enabled the development of
developed its network,
enhanced safety outcomes,
reduction in network fatalities and ~200 km of motorway
enhanced employee WHS record2
reduced its environmental
impact and improved the Improved efficiency
customer experience Reduced CO2 emissions by widening roads and
with new electric vehicle charging introducing automatic and
stations, car-pool car parks and non-stop tolling technology
Information accurate at 31 March 2020 unless otherwise stated. 1. By network length. 2. APRR Management Data, 2020.
3. Outcomes achieved during MIRA’s 14-year association with APRR. an electrified service vehicle fleet
Upgrading Korea’s
critical transport
infrastructure network
Opportunity Actions Outcomes

The Incheon Bridge Project began Macquarie Korea Infrastructure Incheon Grand Bridge has Providing
~60k
during the Asian Financial Crisis Fund contributed to the Project successfully closed a vital
in the late 1990s when the Korean in 2006 in the capacity of a senior infrastructure gap in Korea
government was developing debt, subordinated debt and daily users with direct travel
Incheon City and its associated equity investor. The Project Driving Korea’s economic access to Yeongjong Island and
traffic network, intended to lay involved a 4-year construction
growth and profile as one of the the Incheon International Airport
the foundation for reinvigorating period with a 30-year concession
Korea’s economy and right to successfully operate major economic and logistics
accelerating its recovery the facility. In 2017, Macquarie hubs of North East Asia Clear shareholder roadmap for
from the financial crisis acquired an additional 23 per • operational stability
cent equity stake to become the Expansion of city development • growth trajectory
largest controlling shareholder • financial profitability
of the Project
Information accurate at 31 March 2020 unless otherwise stated.
Supporting North America’s
largest and most
energy-efficient seawater
desalination plant

The Carlsbad Desalination Plant Macquarie Capital acted as
(Plant) is a seawater reverse-osmosis exclusive financial adviser in
The plant was sold to a Planned
consortium of Korean investors
desalination plant located in Carlsbad, the sale of 100% equity interests
led by Aberdeen Standard
enhancements
California, producing 54 million in the plant. Macquarie Capital was to the plant, pipeline and existing
gallons of water per day. The plant able to distill a complex project Investments, increasing its
access to capital San Diego Water County Authority
is a true marquee asset in the structure, technical details and
infrastructure space, being the documentation in a marketable due (SDCWA) facilities
largest, most technologically diligence, helping the vendors and The plant provides 9%
advanced and energy-efficient bidders navigate critical permitting of San Diego County’s The plant continues
seawater desalination plant in and approval processes. In addition, water supply, which is to operate under a
North America, and one of a very Macquarie Capital’s Private Capital
limited number of privately held Markets team identified, attracted
enough to serve up to 30-year water purchase
water assets in the US and managed strong interest from 400,000 people agreement with SDCWA
leading global infrastructure investors
Advising on the structuring and
sale of a UK meter portfolio

Smart Metering Systems plc Macquarie Capital acted as sole Established a new source of additional Macquarie Capital helped develop
(SMS) sought to raise capital to financial adviser to SMS on the funding for SMS, to enable their a bespoke structure to overcome
fund their roll-out of smart meter successful structuring and continued investment in the UK Smart contractual obstacles for our client
Meter Implementation Programme and their counterparties
assets under the UK Smart Meter carve-out of a portfolio of 183,000
Implementation Programme I&C meter assets via a sale to Execution excellence – maintained Smart meters facilitate a cleaner,
Equitix Investment Management competitive tension during a greener and more efficient
Limited for a total gross cash turbulent UK economic and political energy system – fundamentally
consideration of £291 million environment to achieve a successful supporting the transition to a
outcome for our client more sustainable energy future
Enabled the implementation of an
enhanced long-term sustainable
dividend policy and re-shaping of
SMS’ capital structure
Delivering a world class
court facility for the
Australian Capital Territory

The ACT Law Courts Project was
the Australian Capital Territory’s
Macquarie Capital entered a
Juris Partnership with Laing
Meeting the Territory’s needs for
the next 50 years in a functional, 350 new jobs
(ACT) first public-private partnership, O’Rouke to design, construct, flexible and sustainable way created throughout the
seeking to refurbish Canberra’s commission, maintain and construction phase of the project
existing court facilities through the finance the redevelopment Completed on January 2020
construction of a four story building of the Magistrates Court, and with no additional cost to Facility features an
fronting Vernon Circle, joining the
existing Magistrates and Supreme
rebuild of the Supreme Court the ACT Government, despite
experiencing multiple delays 110KW
Court buildings capacity solar photo-voltaic array

Opening-up the broadband
network in Spain

The introduction of an independent Macquarie Capital, with Macquarie Capital is guiding Digital Infrastructure is an
wholesale fibre operator in Spain co-investment from Aberdeen the new company's growth through increasingly appealing asset class
will create growth opportunities for Standard Investments, created the next stage of its development to infrastructure funds. As an
the traditional telecoms players and Spain’s first independent wholesale with its expertise as a global immature infrastructure investment,
facilitate new partners to enter the only provider with the acquisition infrastructure developer and fibre creates a great opportunity
market by having access to a of a FTTH network covering flexible balance sheet capital to deploy capital and generate
secure, flexible and first quality ~940,000 building units from a better risk-adjusted return
broadband proposal MasMovil, Spain’s fourth largest The new business will operate
telecoms company as an independent wholesaler By investing in critical fibre projects,
providing capacity to internet Macquarie Capital aims to improve
service providers looking to business and people connectivity
supply broadband to homes which should have a positive impact
and businesses on the economy
Privatising the first Japan
airport – Sendai Airport

Sendai Airport is one of Japan’s Combining our global network
largest and busiest international of infrastructure experience in
JPY2.2 billion Complete recovery from the
impacts of Great East Japan
airports with 3.7 million passengers airport privatisation and our local ($US21.1 million) Earthquake with modernised
per annum1. In 2011, the airport expertise, Macquarie Capital contract agreement reached airport facility
was severely damaged by the developed the consortium with a 30-year public service
Great East Japan Earthquake and committed to revitalise Sendai concession scheme Central transportation hub in
tsunami after which time, the Airport. From the early stages of
Japanese government was looking the deal, we also advised public north-eastern Japan, connecting
for a bidder to revitalise and sector partners and investors on 1st Japan airport >3 million passengers1
operate the airport’s facilities matters including transactional to be privatised – a milestone annually to the Tohoku region
structure and rules as well as in Japan’s history of public-private
delivering tactical bid advice to partnerships in infrastructure
maximise competitiveness in this
Information accurate at 31 March 2020 unless otherwise stated. landmark transaction
1. FY2019/2020.
Transforming rental housing
in the Netherlands into
an investable asset class

Following regulatory and structural Macquarie helped to establish First fully residential BTL trade Both bond issues attracted
changes to the housing market, Domivest, a specialist non-bank in mainland EU strong demand from existing
buy-to-let (BTL) mortgages are in BTL lender in the Netherlands and new clients
increasing demand in the Dutch Launched via a €250 million
bond issue, followed by a second By financing professional
private rental sector landlords in the private rented
€318 million bond issue that sector, Domivest is filling the
closed in March 2020 gap left by a shrinking social
housing sector
Inaugural issuance was 2.4 times
oversubscribed, with orders Combined total of over 2,500
received from investors across BTL loans provided since
Europe, the UK and the US October 2017
Transforming the public
transport network in
South-East Queensland

South East Queensland is Macquarie Capital acted as The Tunnel, Stations and Enables a turn-up-and-go
growing, with an extra 1.9 million exclusive financial adviser, Development PPP is the largest transport system across
people expected by 20361. Over Station Development of three packages as part South East Queensland
To accommodate this rising adviser and debt arranger to of the broader CRR project
population, the region needed the Pulse consortium2 for the Once operational, CRR will
a rejuvenated rail network to Cross River Rail (CRR) Tunnel, 10.2km of new rail including build capacity to enable 18,000
ease congestion and improve Stations and Development public 5.9km of twin tunnels and more seats into Brisbane during
accessibility for those travelling private partnership (PPP) four new underground stations morning peak
to and from Brisbane’s CBD in Brisbane
Will reduce road users on key
Will support up to feeder roads into Brisbane
Information accurate at 31 March 2020 unless otherwise stated. 1. https://buildingqueensland.qld.gov.au/wp-
7,700 jobs during its
content/uploads/2017/08/Executive-Summary.pdf. 2. Pulse consortium is led by CIMIC Group companies, Pacific Partnerships, 5-year construction period
CPB Contractors, and UGL with international partners DIF, BAM and Ghella. Information accurate at 31 March 2020.
Revitalising toll roads in
Japan’s Aichi prefecture

Aichi Road Concession, Inc.
Under the Japanese government’s Macquarie Capital acted as an
established to operate eight toll
$US1.31 billion
Japan Revitalisation Strategy, the exclusive financial adviser to the
country was actively promoting consortium, utilising our strong roads spanning a total length of (JPY137.7 billion)
public-private partnerships to expertise in debt raising and 72.5km for the concession rights
rejuvenate and introduce efficient strong relationships with major
management of its infrastructure.
In 2015, the Aichi Prefectural
Japanese banks which resulted
in a successful bid which required 1st toll road 28 years
Road Public Corporation was the procurement of financing for privatisation in Japan weighted average
seeking a strong bidder for the the first privately operated toll concession term in
concession to operate eight toll
roads in the Aichi prefecture
road project in Japan
3rd infrastructure five separate concessions
privatisation project in Japan
Once-in-a-century upgrade
to London’s water supply

A Macquarie-led consortium First new investment in Victorian Expanded waste 9 million+
acquired a stake in Thames Water pipes to improve water quality treatment capacity water customers
on behalf of investors in 2006, and built a desalination plan to
when the company faced criticism improve security of supply for Generated
15 million+
for underinvestment and missing London homes and businesses 267GWh waste water customers
leakage targets of its own energy in 2016/17,
from renewable sources Completed Lee Tunnel
– the largest capital project
Average
in UK's privatised water industry
£1 billion
annual investment 22% reduction
over 12 years in leakage rates
First major road crossing
of the River Thames
in 30 years

The Silvertown Tunnel Project is Macquarie Capital acted as a lead A new 1.4km twin-bore Designed to primarily relieve
expected to ease congestion and equity sponsor and sole financial road tunnel under the congestion on the 122-year old
increase public transport usage in adviser to the RiverLinx River Thames easing congestion Blackwall Tunnel, it will be the
East London. The project being Consortium which has been in East London first major road crossing of the
tendered by Transport for London appointed by Transport for London River Thames in 30 years
is to build a new tunnel under the to design, build, finance, operate UK’s first road tunnel to have
River Thames for access to the and maintain the Silvertown dedicated bus lanes in both Expected to increase public
East of London Tunnel project directions transport usage by up to 30%
A vital piece of infrastructure Complex transaction including

which will support London’s difficult ground conditions
future population growth
Replacing essential
infrastructure connecting
New York and New Jersey

To replace the existing, Through a public-private Increased capacity – 10-foot-wide pedestrian
functionally outdated Goethals partnership, a Macquarie-led 3 lanes in each direction and bicycle walkway
Bridge, opened in 1928 consortium is constructing a new,
modern bridge to support Delivered best value Improved safety environment
economic activity in the region proposal to the public authority, – separate span for traffic
including risk transfer traveling in each direction
~$US872 million 2,000+

in total economic activity direct jobs
Information accurate at 31 March 2020 unless otherwise stated. Source: Port Authority of New York and New Jersey.
Providing quality drinking
water to China’s growing cities

The eight million residents A Macquarie-managed fund Exceeds 301 million cubic metres
of China’s Shenyang City acquired a joint controlling stake of high quality surface water
were historically supplied in a water portfolio in Shenyang, highest standards provided in 2017
tap water from lower quality to complete one of China’s largest of tap water quality
underground sources tap water treatment plants Contributing to Chinese
Providing clean Government’s 2020 environment
drinking water to and drinking water objectives
~500,000 Provides
residents in Shenyang
50%
of Shenyang’s total water usage
Financing social, affordable
and shared ownership housing
in West London

The shortage of affordable Macquarie provided a long-term Supporting SBHA’s ambition Meeting the longer-term funding
homes in West London, debt facility to the charitable to improve the provision requirements of SBHA to support
coupled with high property prices, Shepherds Bush Housing of affordable housing in future investment
continues to drive the need for Association (SBHA) on behalf of West London
lower cost housing solutions investors, enabling them to boost Provided
the delivery of social, affordable
and shared ownership housing
200 £150 million
more affordable homes per year
in financing facilities to help
in the next four years
SBHA grow its development
Connecting like-minded pension pipeline made up of £50 million
schemes and insurance funds committed and £100 million
with socially conscious borrowers uncommitted facilities
Investing in a European
transport and logistics hub

A Macquarie-led consortium Macquarie and its 64% Major terminal upgrade
acquired a stake in Brussels co-shareholders oversaw a increase in annual
Airport following its privatisation €1 billion capital expenditure passenger numbers1 New airport business district and
in 2004 programme over 15 years to world-class cargo facilities
transform the airport into a
leading European transport
60+ Achieved
new destinations1
and logistics hub carbon neutral
Contributed status in 20182
€3.2 billion Generating
in added value to the Belgian
economy each year
20,000+
jobs in the region
Information accurate at 31 March 2020 unless otherwise stated. 1. 2004–2018. 2. Airport Council International.
Developing an important link
in the global supply chain

Positioned at the crossroads of A Macquarie-managed fund1 led Oversaw a significant Established a reliable and
the Baltic’s deep-sea trading the greenfield development and capital investment cost effective alternative to
routes, Gdańsk had the potential operation of DCT Gdańsk, driving programme over 13 years the ports of Northern Europe
to become the world’s gateway to its evolution from an undeveloped
the fast growing markets of stretch of waterfront to Poland’s Generating thousands Improving the efficiency
Central and Eastern Europe largest and fastest growing of direct and indirect jobs of Polish exports
container terminal
Capacity to handle Contributing
~3 million
shipping containers each year 2
€2 billion
in additional customs duties and
tax revenue for Poland each year
Information accurate at 31 March 2020 unless otherwise stated. 1. 64% stake. 2. Twenty-foot equivalent units (TEU).
Energy

Our energy expertise
at a glance
13.6% 2.2% 10 million+

of total funded loan of total funded equity meters provided
equity investments investments exposed for homes and
exposed to to conventional businesses2
renewable energy1 energy1
No.2 No.1 Leading

physical gas global renewables global renewables
marketer in financial advisor4 developer
North America3
20+ Research across

450+
years’ sector 45+ green energy
experience energy stocks5 and investment
specialists6
Capabilities across the energy spectrum

1. Equity investments are reported on a funded balance sheet basis and therefore exclude equity hedge positions and non controlling interests. Macquarie’s
carrying value of its interest in East Anglia ONE Limited is $A2.8 billion, which has been partially funded with asset specific borrowings of $A2.3 billion at
31 March 2020. Total funded equity investments amount to $A7.4 billion as at 31 March 2020 ($A5.9 billion at 31 March 2019). 2. At 31 March 2020, largest
independent meter funder in UK, not part of a distribution network or vertically integrated utility. 3. Platts Q4 – March 2020. 4. Inspiratia (CY19, by transaction
volume and deal count). 5. At 20 April 2020. 6. Includes operating platform employees. All data at 31 March 2020.
How we built our energy expertise
Coal (since ’08)
Renewables (since ’05)

Started
commodities Energy Infrastructure (since ’04)
platform Gas (since ’04)
Meters (since ’03)
Oil (since ’03)
Power (since ’97)
Late
1980 1990 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
1970s
Provision of financial products (since 1970s)
Corporate finance and advisory (since 1980s)
Research coverage (since 1992)
Asset management; asset financing (since 2003)
Debt and equity solutions (since 2009)

in energy
Electricity demand to Renewable energy
triple will account for
~50%
in Asia by 20401
of installed capacity by 20301 50%
increase in world
energy usage
by 20504, led by
growth in Asia
US to become a Electric vehicles predicted
net exporter to account for
of energy by 20202
50%
of new car sales globally by 2035 3
Powering the transition to a low carbon economy

1. Future Energy Asia, 2018. 2. US Energy Information Administration, 2019. 3. Electric Vehicle Uptake: Modelling a Global
Phenomenon 2019 https://www.bitre.gov.au/sites/default/files/bitre-report-151.pdf. 4. International Energy Outlook 2019
https://www.eia.gov/outlooks/ieo.
Case studies
Energy

Accelerating the
green energy transition
with Savion
10GW 124
Savion LLC is an integrated Backed by the belief that the
US solar and energy storage US solar market presents an
development platform with attractive investment opportunity,
industry-leading enterprise and site GIG acquired Savion in March solar and energy storage current projects
evaluation systems. Macquarie’s 2019. The acquisition secures development pipeline in various stages
Green Investment Group (GIG) an additional 6GW development
backs developers globally to invest
in, manage and provide services to
pipeline of utility-solar and storage
projects, setting the stage for 11GW 25
green energy projects, advancing Savion’s continued growth and of total solar and US states with Savion
its vision to create a leading solar a shared partnership with energy storage projects projects in various stages
and energy storage development Macquarie Capital
platform in the US

Attracting further
investment and jobs in
regional South Australia

With its strong wind resource Together with Georgetown Hills Equivalent to powering $A115–130 million
and proximity to the national Renewable Energy, Macquarie 179,000 homes forecasted economic benefit
transmission grid, the Carmody’s Capital is developing the with renewable energy during the construction and
Hill wind farm development will Carmody’s Hill wind farm, once operational1 operational phases
support further investment and job a high quality onshore wind farm
creation in regional South Australia. development with up to 270MW
Construction is expected to capacity, c. 180km north of
688,000 tonnes Creating 200 direct and 320
of reduced CO2 emissions indirect jobs during construction
commence in 2022 Adelaide, South Australia and 20 full time and support roles
per annum once operational2
(up to five direct and three indirect
local to the project) during the
operation and maintenance phase
Information accurate at 31 March 2020 unless otherwise stated. 1. Based on an average Australian house usage of 5,200kwh.
2 Based on average Electricity Sector Emissions 2018/19 0.739 CO2e/MWh (Australian Government Clean Energy Regulator).
Positioning Preem, Sweden’s
largest refiner, to expand its
renewable fuel capacity

To meet the demand in growth Preem mandated Macquarie Macquarie succeeded in creating The transaction supported
associated with national and to lead, arrange and co-underwrite a term loan structure that Preem’s commercial goals
European environmental a US$540m loan facility structure accommodated Preem’s working to expand production of
legislation, Preem set out to capital financing requirements hydrogen and renewable
expand its clean fuel business diesel at its Göteborg refinery
The transaction enabled Preem
to refinance its existing debt The transaction further
ahead of further investment positions Preem to increase
in its Göteborg refinery its renewable fuel production
as part of its transition to
clean fuels

Building Los Angeles’ energy
grid for tomorrow with AMS,
CIT and Tesla

The rapid growth of Macquarie Capital acquired
renewables coupled with a 62MW in-development portfolio
62 MW / 342 MWh Alleviating California’s
the retirement of aging power of distributed battery storage fleet of behind-the-meter electrical grid congestion
plants has created significant systems from AMS in 2016. battery storage
stress on California’s electrical Macquarie Capital structured,
Landmark industry-first
Customer electricity
grid. To address this, Advanced
Microgrid Solutions (AMS)
arranged and established a
bankable contractual framework project financing in the bills lowered across the
developed an aggregated fleet to secure $US200 million of emerging behind-the-meter West Los Angeles Basin
of battery-based energy storage project capital to design and energy storage sector
systems for large-load commercial build the fleet using Tesla Diverse grid services
and industrial customers batteries. The financing, with CIT $US200 million of project from flexible reserve capacity
Bank, was one of the largest to voltage management
project financing deals in the capital to roll-out the portfolio
emerging sector, and an industry-
© Macquarie Group Limited first for this asset in the US 85
Enabling energy supplier
roll outs of smart technology
in the United Kingdom

So Energy is one of the UK’s In partnership with Morrison Macquarie will fund a material This programme supports the
fastest growing energy suppliers Data Services, we are funding proportion of So Energy’s smart UK Government’s commitment
and Macquarie is one of the UK’s So Energy’s installation of meter roll out to help consumers better manage
largest meter asset providers second-generation (SMETS2) their energy use
smart meters for UK This creates a platform to
energy consumers support other independent It enables and delivers a
energy suppliers to deliver their smarter grid for the connection
own smart meter programmes of electric vehicles, distributed
generation and home energy
These programmes can combine management devices
meter procurement, installation
and maintenance
Capturing geothermal energy
to power the Philippines

The Philippines’ energy needs A Macquarie-led consortium Working alongside a Contributing to the
are expanding, driven by acquired 47.5 per cent of the Strong local partner Department of Energy’s
population growth and world’s largest vertically integrated 2016–2030
urbanisation, with 7GW more geothermal company, Energy Provides energy roadmap
1.4GW
power generation facilities Development Corporation,
required over the next five years1 through a public tender offer
of clean energy
to the local community
90%
of energy generated
contracted for an
average eight years
Information accurate at 31 March 2020 unless otherwise stated. 1. https://uk.reuters.com/article/uk-philippines-

energy/philippines-seeks-investors-to-power-growth-extra-7000-mw-needed-idUKKBN1661BF.
Supplying affordable and
reliable electricity to Sydney’s
Greater West and the Illawarra

Sydney’s Greater West is one Macquarie led a consortium of Reducing operating expenses Connecting to solar, batteries,
of the fastest growing regional investors to acquire a 50.4 per per customer to maintain the microgrids and smart meters,
economies in Australia, requiring cent stake in Endeavour Energy, lowest network bill in NSW providing customers with choice
increasing levels of reliable power with a five year plan in place to and control
continue downward pressure on $A6.2 billion
electricity bills while maintaining electricity distribution network 59,000km+ power lines
a safe and reliable network serving 2.4 million+ people
430,000+ power poles
Investing efficiently to replace
ageing equipment and connect
164 zone substations
~105,000 120,000 customers
new customers over five years with renewable generation
Helping to meet the energy
needs of Washington State

Washington State is focused In February 2009 Macquarie More than Replaced coal-based generation
on providing resilient, reliable
and sustainable energy generation
led a consortium of investors
in the take-private of Puget $US7 billion with renewable energy
More than 3,100 employees

for its growing population Sound Energy and has of capital expenditure
supported the company to invested across the business in 2018, up from 2,800 in 2008
improve energy delivery for
its 1.5 million customers Added First-quartile ranking for
400+MW
employee safety each year
since 2012
of hydro, wind
and solar generation Improved regulatory outcomes
and stakeholder relationships
Information accurate at 31 March 2020 unless otherwise stated. On August 8, 2018, the MIRA entities that hold interests in
Puget signed binding agreements to divest such interests. The sale is subject to customary closing conditions.
Giving consumers better
control of their energy use

As part of a plan to upgrade
energy supply and improve
Since being awarded its first
gas and electric meter installation Largest ~20%
efficiency, the UK Government contract in 2003, Macquarie has independent1 smart of UK smart meter market
has mandated the adoption become the largest independent1 meter owner in the UK
of smart meters to reduce smart meter owner in the UK, Installed smart meters in Contracts to own and deploy
carbon emissions helping consumers to better
10 million+
control their energy use and
what it costs them ~6 million residential smart gas and
electricity meters in UK to 2021
UK homes and commercial
premises by 2021
Information accurate at 31 March 2020 unless otherwise stated. 1. Not part of a distribution network or a vertically
integrated utility.
Ensuring the provision of gas
and electricity meters for
energy suppliers
~10,000
As traditional energy meters Macquarie’s Meter Processing Investment in equipment,
are no longer manufactured Centre stores and refurbishes systems and processing to
ahead of the UK’s mandated high quality, pre-used traditional increase the volume, quality and traditional meters refurbished
smart meter rollout, existing meters to ensure ongoing efficiency of refurbished meters and redeployed per month
traditional energy meters can supply and service delivery,
560,000+
be refurbished, allowing energy while lowering costs and Building a stockpile of
suppliers to continue to service
their customers
reducing waste
260,000 traditional meters refurbished
refurbished meters for future use
and redeployed in total
Providing lower cost traditional
meters for energy suppliers and
their customers
Technology

Our technology expertise at a glance
1st
Research across Australia’s
280+ 1st Australian bank

telco, media open banking
with lending and
and technology platform
retail deposits
stocks1 powered by one core
banking system
Award Leading advisor for IPOs

winning in Australia with dominant market share
digital banking in technology sector IPOs3
offering2
Equipping our business – and our clients –

for the technology revolution
1. At 20 April 2020. 2. Winner in 2020 Mozo Experts Choice Awards for Exceptional Everyday Account, Excellent Banking App and Internet Banking /
Macquarie Transaction account awarded a Canstar 5 star rating for outstanding value travel debit card / Winner in the 2019 Mozo Experts Choice Awards for
Internet Banking and Exceptional Everyday Account / Winner in the 2018 Mozo Experts Choice Awards in the Travel Money/International Money Transfer
category. 3. Dealogic at December 2019. Number of deals – ASX tech IPOs >A$50m since 2009.
How we built our technology expertise
• Car buying
• Australian and financing • Supported Google Pay • Search-as-you-speak natural
Investing in Innovative wrap investment Core Banking platform API-enabled language recognition for online
ecosystem • Leading digital
platforms platform since ’99 • Global oil trading technology and mobile banking
• Smart meters banking experience
platform introduced for UK residents • Supported Apple Pay
• RPData ’04
• FinTech
• Smart
• PEXA Collective
Investing with Salary ’04 • Informatica FinTech
• Temple & (Fund I) • Console
entrepreneurs Seek '99 • oOh!media ’06
Webster
Next Payments
• RedEye
• Stone & Chalk
• FoodByUs
Collective PropertyIQ
• SeekAsia ’10 • Digital River (Fund II)
• Takeaway.com • Renrui HR
• Nuix
• Award winning
workplace • Enhanced cyber
Investing in experience Network
security capabilities Private Cloud Private Cloud
Macquarie at 50 Martin Transformation
• Private Cloud (Asia) (Australia) (Americas and EMEA)
capability Place Program
• Public Cloud (Global)
• Cloud-first
strategy
1990s 2010 2012 2013 2014 2015 2016 2017 2018 2019 2020

in technology
AI to provide Global number of IoT-connected

$US14 trillion devices to reach
economic boost to developed 43 billion by 2023
economies by 20351 up 300% from 20182
China accounts for
The brain-computer interfaces ~5 million 5G subscriptions in 2019

market is expected to reach – expected to increase to 40% but 54%
$US283 million 1.9 billion by 20244
in value by 20253
of worldwide of the Chinese population
Helping entrepreneurs develop digital transactions5 are not on the internet6
our future technologies
1. Unleashing AI Power https://www.accenture.com/us-en/insight-ai-industry-growth 2. McKinsey & Company
https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/growing-opportunities-in-the-internet-of-
things. 3. Bloomberg 2019 https://www.bloomberg.com/press-releases/2019-06-06/global-brain-computer-interface-bci-market-
projected-to-be-worth-us-283-04-mn-by-2025-with-high-incidence-of-brain-disorders. 4. The Evolution of 5G Promises Powerful
New Features and Capabilities https://www.bloomberg.com/press-releases/2020-01-16/the-evolution-of-5g-promises-powerful-
new-features-and-capabilities. 5. McKinsey & Company, 2017. 6. China Internet Watch, China Internet Statistics, 2017
Case studies
Technology

Investing in the future
of transport with Via

Via is an on-demand transit In a Series E financing led Strategic partnership Through increased access
provider focused on shared by EXOR, Macquarie Capital established with Macquarie to capital, Via is well-positioned
rides, with services in more than contributed to a capital raise Capital, driving shared mission to continue powering the
20 cities and 700+ million global that values the company at of next-gen transportation next generation of public
rides to-date1. In early 2020, Via $US2.25 billion. Macquarie infrastructure that is scalable, transportation
initiated a fifth round of financing Capital’s investment was backed energy-efficient, technology-led
to further advance its vision of a by the firm belief in Via as the and affordable Via to leverage its emergency
more efficient, accessible and mobility-tech platform with services and transit network
equitable public mobility model the greatest long-term potential, Equity raise optimisation expertise to
and in the creation of value currently values Via at help communities impacted
through a strategic partnership $US2.25 billion by COVID-19
Information accurate at 31 March 2020 unless otherwise stated. 1. Figures as of 28 April 2020.
Creating a leading
experience for Australian
home loan customers

To offer a leading experience for • Used Human Centred Design to An award winning home loan offering Shortlisted in the Major Lender
Australian home loan customers create an exceptional customer for Australian homebuyers, a growing category of the MFAA Banking Awards
experience on the home loan journey share of the competitive Australian in all states and territories for 2020
• Invested in our teams and processes home loan market, all while maintaining
our prudent approach to lending Home loan portfolio of $A52.1 billion,
to deliver industry leading turnaround up 35% on March 2019
times for clients and brokers Leading turnaround times for home
• Developed a leading digital banking loans – 2 days median time to formal Settlements growth of 75%1
experience for clients, using world approval for fully documented loans 57% of loans <70% LVR
class technology
• Launched a real-time home loans Award-winning digital banking More than 90% of home loans
originations platform, delivering far experience with Australian first features originated through brokers
greater speed and efficiency for clients
15% share of the broker market for
• Simplified our offering to focus on Tier 1 Lender of the Year at <60% LVR
Macquarie branded home loans, with the 2019 Mortgage Choice Awards
1. FY20 versus FY19.
a strategic focus on lower risk loans
Meeting the liquidity needs
of private credit funds

Traditional financing products Providing flexibility and speed Bridges to capital calls, Closed
$US7 billion+
with lengthy negotiation processes to market, Macquarie introduced syndication, co-investments,
1
were limiting the agility of Settlement Solutions – a repo-like and new debt and equity capital
investment managers to source and liquidity product that bridges short in as little as 2 weeks of trades across 250+ private
deploy capital to fund transactions term capital needs and alleviates debt deals, facilitating efficient
operational challenges Facilitates optimal allocation
flow of capital across all
of new and existing deals
industry sectors
Hedging in multiple currencies
Winner of
to manage FX exposures
2019 PDI Fund
2
Financier of the Year
Information accurate at 31 March 2020 unless otherwise stated. 1. Notional dollar value. 2. Private Debt Investor Awards
2019, Fund Financier of the Year – Americas.
Delivering innovative solutions
for over one million Australian
businesses and accountants

Macquarie Capital advised private Macquarie Capital used its
equity firm KKR on its acquisition deep expertise to navigate
Privatisation Full-service
of MYOB, Australia’s leading complexities unique to the accelerating MYOB’s ambitions capabilities
accounting and business acquisition, including pre-bid to develop new innovative offering M&A and debt capital
management software which tactics, offer price revisions, and business solutions for customers markets expertise
provides accounting, payroll, tax, responding to an activist attempt
practice management, CRM, job to influence the transaction ~1.2 million Providing deep sector knowledge
costing, and inventory solutions.
businesses and accountants and demonstrating leadership in
Headquartered in Melbourne,
Australia, MYOB provides across Australia and New Zealand M&A, securing our position as
software solutions to ~1.2 million to benefit from KKR’s partnership exclusive buy-side adviser
businesses and accountants to KKR
across Australia and New Zealand
Expanding academic
opportunities for healthcare
professionals across the US

Founded in 1992, Unitek Learning Macquarie Capital advised Unitek Increased Unitek is well-positioned to
(Unitek) is an industry-leading on its sale to the Vistria Group. access to capital, enhance its capabilities,
nursing and medical services Macquarie Capital structured a allowing Unitek to grow and technologies and learning
education provider in the US, highly competitive and targeted sale transform its business opportunities for students
producing highly qualified, licensed process, focused on investors with
healthcare professionals. proven success in education and Unitek one of the largest Unitek continues to deliver
To support its continued growth, healthcare. Along with highlighting
Unitek was seeking additional Unitek’s robust enrolment pipeline
nursing footprints, with highly qualified nurses
investment and a partner with and industry-leading student 14 campuses across the to the US healthcare system
capital resources, healthcare outcomes, Macquarie Capital's Western US
expertise and a proven track comprehensive approach helped
record in the education sector ensure a successful outcome
for shareholders
Information accurate at 31 March 2020.
Enabling the healthcare
workforce in the US

Orbis Education Services, LLC Macquarie Capital acted as the A definitive business Orbis’ academic and healthcare
builds strategic partnerships exclusive sell-side adviser to Orbis combination agreement partnerships remain in place
with academic institutions and on its sale to Grand Canyon
between Orbis and GCE
healthcare systems to deliver Education, Inc. (GCE) – a leading
Increasingly diversified
healthcare education programs, service provider in the education,
helping address the shortage of healthcare, business and liberal arts GCE acquired all the client base for GCE
skilled healthcare workers in the disciplines. Macquarie Capital’s outstanding stock of
US. In 2018, Orbis was seeking unique dual-track process including Orbis in cash Orbis’ operations continue
additional investment in its fast- buyout and pre-IPO recap provided to operate from Carmel, Indiana
growing business and a partner shareholders significant optionality Increased access to capital with new locations opening
with capital resources and and maximised competitiveness, enabling Orbis to address in the future
cultural compatibility driving further value by focusing
nationwide shortage in licensed
prospective investors on the
growth trajectory of Orbis and healthcare professionals
its steady-state profitability
Connecting global investors to
China’s sought-after unlisted
technology companies

China’s technology sector has Macquarie is bringing Pre-IPO investment in some Providing a
been growing rapidly over the together global investors of China’s fastest-growing gateway to investors
past decade, as home to six with China’s leading private disruptive companies in: from the US, the Middle East,
of the 10 largest “unicorns” telecommunications, media and • Transportation and logistics Europe and across Asia
(unlisted firms worth over technology companies, to create • Lifestyle
$US1 billion) in the world1 opportunities for both sides • Delivery Supplying
• Online education capital and liquidity
• Travel and tourism to China’s entrepreneurs who
are changing their society
Expected
$US1.5 billion+
of private placement transactions2
Information accurate at 31 March 2020 unless otherwise stated. 1. CB Insights. 2. At April 2018.
Digitally disrupting
Australian retail banking

Australians expect their Macquarie’s highly Award-winning digital First Australian bank
banking experience to feel like personalised and intuitive banking for customers with retail lending and deposits
the social and digital services digital banking experience Technology-led on a real time banking platform
they use every day uses the same technology
as Netflix and Facebook
innovation
Australia’s
1st 1st
open banking platform
of a kind features in Australia

Driving innovation in retail
financial services

Australian consumers have Macquarie has a long history of Introduced Australia’s first Launched a Wrap platform
continually sought advancements introducing innovative products to Cash Management Trust in 1999 which has since
in the delivery of banking and the Australian market, improving in 1980 pooling retail funds to become one of Australia’s
financial services competition and increasing provide wholesale interest rates largest wrap platforms
efficiencies for consumers
Pioneered the Australian RMBS Created a leading digital banking
market in 1992 promoting experience in 2016 with
greater competition in the features that are firsts in
home loans market Australian banking
Created DEFT in 1995, Introduced Australia’s first
Australia’s first rental open banking platform in
collection payment system 2017 giving customers control
over their own data
Introducing an innovative way
to pay property deposits

Despite instant payments in Macquarie created Australia’s first Improved customer experience Brought Australia’s property
other areas, Australian mobile payment platform to allow for Australians in competitive auctions into the digital age
homebuyers were still expected buyers to pay deposits online property auctions
to bring a pre-issued bank Reduced back office
cheque to property auctions First-of-its kind digital platform: administration for agents
DEFT Auction Pay
Enables deposits
1,000+ to be paid online in
transactions 2 minutes
since August 2017

Commodities

Our commodities expertise
at a glance
115+ products Electricity and No.2 Natural Gas/

across 15+ market Environmental physical gas marketer LNG House
segments, covering in North America –
agriculture, energy
Products House the highest ranked
of the Year3
of the Year1
and metals non-producer2
In-house technical experts Risk and capital ~12 billion One of the longest
including: logistics experts, solutions cubic feet of natural gas track records
geologists, meteorologists, across physical and volume traded across in metals markets
petroleum and mining financial markets North America daily2 globally for a financial
engineers, data scientists, institution – 40+ years
and quant finance and
theoretical physics PHDs
A core Macquarie business for four decades
1. 2019 Energy Risk Asia Awards. Two separate awards. 2. Platts Q4 – March 2020. All other data at 31 March 2020.
How we built our commodities expertise
Expansion into adjacent spaces through acquisitions and organic growth
Bulk commodities and coal (’08)
North American European power (’11) Cargill North America Power

power (’08) Australian power (’11) and Gas acquisition (’17
Structured commodity finance (’06) Commodity Investor Products (’12)

Started European gas Cook Inlet
commodities Corona retail Constellation gas trading No.2 physical gas marketer
platform trading (’04) acquisition (’05) gas supply (’06) acquisition (’09) in North America (’19)1
Latin America Cargill Petroleum

Global oil derivatives (’03) Physical oil platform (’11) marketing (’16) acquisition (’17)
Agriculture (’90s)
Base metals (’90s)
Precious metals (’70s)
1970s 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
1. Platts Q4 – March 2020.

in commodities
Changing energy market dynamics
58%
increase in global
Global population
10 billion
Requires a
50%
power demand by 20502 increase in global
by 20401 food production3
Africa’s increase
Lithium demand to US to become a Mid-2020s – US in oil consumption to
double or even net exporter of becomes world’s
triple by 20304 as energy by 20205 largest liquefied
surpass China’s
by 20407
electric vehicles and natural gas exporter6
their batteries surge
in popularity Africa’s population
expected to increase by
half a billion
Providing access across the commodities spectrum people by 20407
in a dynamic global market
1. Bloomberg, 2017. 2. United Nations, World Population Prospects 2019 https://population.un.org/wpp/Publications/Files/WPP2019_10KeyFindings.pdf.
3. Food and Agricultural Organisation, United Nations 2017. 4. Commodities and Development Report 2019
https://unctad.org/en/PublicationsLibrary/ditccom2019d3_en.pdf. 5. US Energy Information Administration, 2019. 6. International Energy Agency, 2017.
7. World Energy Outlook 2019 https://www.iea.org/reports/world-energy-outlook-2019/electricity#abstract.
Case studies
Commodities

Helping sustain
global food supplies
1.3 million tons

Ammonia is a globally traded Macquarie Capital, Agrifos and
commodity critical to the agriculture Mabanaft joined forces to develop The world’s largest
and manufacturing industries. Most Gulf Coast Ammonia (GCA) which, single train ammonia loop
commonly used in the production of upon completion, will be both the largest of ammonia annually
fertilisers, it is essential to helping single train ammonia loop and largest
boost crop yield and feeding the ammonia storage tank in the world. 1st ammonia transaction
world’s growing population.
As demand for the chemical
continues to rise so will the need
Macquarie Capital’s energy principal
team provided fundamental guidance
on the commercial structuring of the
completed in the US project finance
commercial lending market
+1,000 jobs
at peak construction
for energy and chemical producers Texas-based project while sourcing
to increase output and ultimately and negotiating key offtake agreements.
help sustain global food supplies Macquarie Capital’s industry-leading
infrastructure advisory team
successfully led the construction
equity raise and advised on the
debt structuring in a first of its kind
Information accurate at 31 March 2020 unless otherwise stated. transaction for US infrastructure capital
Shaping the
future of sustainable
commodity markets

First exchange that uses machine Issued by Sydney and Investment anticipates the XCHG platform empowers
learning and AI to convert ESG San Francisco-based Xpansiv evolution of the commodities participants to value products
data into digital, environmental CBL Holding Group (XCHG), market, and Macquarie’s based on environmental
commodity attributes to be traded Macquarie, as part of a growing presence in impact, water usage and
sustainable commodities
with, or disaggregated from, consortium, invested in carbon emissions
physical commodities a $US25 million convertible Data is captured at source
note round onwards and provides XCHG will be a key enabler for
environmental provenance Macquarie’s wider carbon offset
and visibility over the financing and trading business
commodity’s GHG footprint
and other ESG characteristics

Acquisition brings iconic
Australian gold asset under
100% domestic ownership for
the first time

Following the sale of Barrick Gold
Corporation’s 50% interest in the
Macquarie Capital assisted
Northern Star to successfully 100%
Australian ownership
80Moz
gold endowment as part
Kalgoorlie Super Pit to Saracen negotiate, finance and agree the
Mineral Holdings in November terms of the $US800 million of Kalgoorlie Super Pit of the greater Golden Mile
2019, Northern Star Resources transaction with Newmont. and Mt Charlotte Systems
Limited and Macquarie Capital Macquarie Capital acted as
590kozpa
quickly pivoted to engage with
Newmont Goldcorp Corporation
financial adviser to Northern Star
on the acquisition and as global average gold production $A765 million
equity raised to partially
regarding the possible sale coordinator, joint lead manager, over the last two calendar years,
of its remaining 50% interest bookrunner and underwriter to Australia’s 3rd largest gold mine fund the transaction
in the asset the associated $A765 million
equity raising
Offering clients a deeper,
broader global energy team

Macquarie saw the opportunity Completing the acquisitions Enhanced capability, adding Increased oil logistics
110+
to expand the depth and of the Cargill Petroleum and capability across Latin America,
breadth of its global energy Cargill North America Power
energy specialists China, Africa, the Middle East
platform, adding new and Gas businesses,
capabilities and expertise Macquarie has grown the
services and support it
Expanded Greater oil insights
provides to customers
geographic coverage
Expands coverage
Access to of North American
new markets gas and power
and customers

Powering the UK using
sustainable biomass

To boost local economic activity
and lower carbon emissions, MGT
Together, Macquarie’s
businesses partnered with
Will boost the economy of
North-East England each year by 600 jobs
£20 million
Power set out to construct the MGT to commercialise, structure during construction
world’s largest new-build biomass and finance the development,
plant in Teesside, UK funding 50 per cent of the equity
and raising the remaining funds Power for 100 jobs
600,000 homes
needed to source this sustainable during operation
fuel supply
2.3TWh
£650 million+ of low carbon electricity
each year
of senior debt raised
Maximising primary production
through precision farming

Demand for food is being driven
by global population growth, and
Precision farming technologies
have been introduced to the 20 years 90,000 hectares
increasing urbanisation and 90,000 hectares of cropping of experience in agriculture managed down to 2cm accuracy
wealth in emerging markets farmland owned by a
Macquarie-managed fund
32% 60%
above Australian national reduction in chemicals
average for primary winter using weedseeker technology,
crop production yield in 2017 reducing environmental impact
Employs 300+ people
from local communities Drone and satellite
technology monitors crops
Renewables

Our renewables expertise at a glance
$A20.4 billion No.1 Leading 450+

renewable energy assets global renewables global renewables green energy and
under management1 financial advisor2 developer investment specialists3
£4.4 billion European Renewable Best syndicated

invested in or arranged Renewables Energy green loan5
in green projects in FY20
Deal of the Year Deal of the Year
– East Anglia ONE4 – Formosa 1
Offshore Wind Farm 5
A global leader in the transition to a greener economy

1. At 31 March 2020. 2. Inspiratia (CY19, by transaction volume and deal count). 3. Including investment platform personnel.
4. CY19 Infrastructure Investor. 5. The Asset Triple A Infrastructure Awards 2019.
How we built our renewables expertise
Green Investment
Bank acquisition (’17)
Geothermal (’17)
Offshore Wind (since ’10)
Solar PV (since ’08)
Biomass (since ’05)
Landfill gas/Biogas (since ’05)
Hydro (since ’05)
Onshore Wind (since ’05)
Renewables (since ’05)
Energy Infrastructure (since ’04)
Meters (since ‘03)
Power (since ’97)
1990 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

in renewables
$8.4 trillion 250% 25%

to be invested in expected increase of US coal-fired
wind and solar in green energy power set to be
globally by 20501 generation globally retired by 20251
“
from 2018 to 20251
58% 40% increase year-on-year globally What's going on in green energy

of total electricity in energy storage deployment until 20252
globally will be wind globally is an exciting story
and solar by 20251 presenting opportunities that
we have the expertise to pursue.”
A powerful platform supporting the next phase of expansion Daniel Wong
in renewable energy Co-Head of Macquarie Capital
1. BNEF. 2. IRENA, 2020 https://www.irena.org/newsroom/articles/2020/Mar/Battery-storage-paves-way-for-a-renewable-powered-future.

Case studies
Renewables

Powering the first offshore
wind farm in Taiwan

Taiwan is prioritising renewable Macquarie’s Green Investment Up to Powering over approximately
2.5GW 2 million
energy development. The Group, alongside partners, has been
Government aims to increase developing and investing in the
electricity generated from renewable Formosa projects, which includes offshore wind assets homes in Taiwan once completed
power from 5% now to 20% in 2025, Taiwan’s first offshore wind farm –
including 5.5GW of offshore wind under development
Formosa 1. The team utilised Industry recognitions of Formosa 1
and an additional 10GW by 2035 extensive offshore wind expertise
128MW
and considered issues less common • The Asset’s Renewable
in the mature markets of Europe, Deal of the Year APAC 2019
such as typhoons, tsunamis and capacity in Formosa 1 and • PFI Renewables
limited grid infrastructure. Formosa 2 is Taiwan’s first and only Deal of the Year 2018
is now under construction while commercial-scale wind • IJGlobal’s Offshore Wind Deal
Formosa 3 pursues its next round of farm in operation of the Year in Asia-Pacific 2018
grid allocation
Supporting Australia’s
transition to renewable energy

Palisade Investment Partners Macquarie Capital acted as Largest sale Enterprise value of
(Palisade), on behalf of funds financial adviser and debt arranger
transaction ~$A1,073 million
managed by Palisade and First to Palisade on the acquisition, with proceeds to Tilt of
State Super, sought to grow successfully navigating a highly for an operational wind farm
in Australia by value $A472 million
and diversify their Australian competitive sales process.
renewable energy portfolio The project reached financial Builds on Macquarie’s
through the acquisition of the close in December 2019, Capable of generating
270MW of energy, equivalent extensive track-record
270MW Snowtown 2 Wind shortly after entering into of success in the Australian
Farm from Tilt Renewables (Tilt) binding sales arrangements to providing power to over
renewable energy sector
140,000 homes
per year

Supporting green
energy infrastructure
in emerging economies
200,000+
To mobilise capital to help the With a mandate to invest Clean electricity for
20,000+
world’s developing economies £200 million from the
adapt to climate change, International Climate Fund solar photovoltaic panels
Macquarie’s Green investment across a range of projects, homes in India’s second installed across ~240 acres
Group formed UK Climate UKCI first helped finance most populous state
Investments (UKCI)1 with a utility-scale solar farm
the UK Government in Maharashtra, India2 Helped avoid
60MWp 80,000 tonnes
of generation capacity
of carbon emissions
Information accurate at 31 March 2020 unless otherwise stated. 1. Joint venture between the Green Investment Group and
the UK Government’s Department for Business, Energy and Industrial Strategy. 2. 49% stake.
Supporting the transition to
a greener economy in Poland

Poland is committed to having Macquarie's Green Investment Operational since 2014, the wind GIG underpinned the equity
21% of gross final energy Group (GIG) acquired the 42 MW farm consists of 21 Enercon E82 investment with a long-term
consumed come from renewable Kisielice onshore wind farm turbines, generating enough corporate PPA with Signify
energy sources by 20301. Kisielice in Poland. renewable electricity to power
onshore wind farm is a contributor 45,000+ homes per year The PPA will deliver
GIG brought together an intricate
towards that goal set of contracts, structures and ~85 GWh
concepts across fields of expertise A physical route-to-market Power of renewable energy annually
ranging from infrastructure Purchase Agreement (PPA) was to Signify’s Polish operations,
investment to project financing, structured with a floating price, contributing to their
and renewable energy trading to together with hedging contracts for RE100 commitments
operational asset management Polish Property Right Certificates,
with a leading utility and energy
Information accurate at 31 March 2020 unless otherwise stated. 1. https://www.gov.pl/web/energia/draft-energy-policy-of-
poland-until-2040.
trading company, Axpo
Partnering with Japanese
clients to fuel Macquarie’s
green energy development

In response to the growing interest To demonstrate Macquarie’s First-of-its-kind Eligible green projects
in green investment across Japan, longstanding commitment to green
green loan issued by an across all continents stand
Macquarie engaged investors energy and technology, we issued
extensively in the region throughout the $US300 million Samurai loan
Australian financial institution to benefit from proceeds from
2019 and early 2020 with the facility (the Facility), including a into the Japanese market the loan’s green tranche
objective of issuing the Samurai $US150 million green tranche.
green loan facility – a first-of-its- The Facility was arranged by $US300 million Macquarie’s green footprint
kind, green loan issued by an Sumitomo Mitsui Banking Samurai loan facility, including expected to increase, with the
Australian financial institution into Corporation (SMBC) and Macquarie a $US150 million green tranche Samurai loan building on
the Japanese market Capital Securities Japan Limited >10 green projects funded by
(Tokyo Branch) with the participation Four Japanese bank financiers Macquarie’s Green Financing
of four Japanese bank financiers participated in arranging the transactions in 20191
loan facility
Information accurate at 31 March 2020 unless otherwise stated. 1. Macquarie: Green Finance Impact Report 2019.
Accelerating energy transition
in the UK

East Anglia ONE is one of the Macquarie's Green Investment When fully operational East Anglia The development is supporting
world’s largest offshore wind Group (GIG) acquired a 40% ONE will supply clean energy thousands of jobs throughout
farms with 102 turbines installed, stake in the 714 MW East Anglia to the equivalent of over the supply chain
contributing to the UK’s target of ONE offshore wind farm, adding 600,000 households Macquarie Group, including GIG,
net zero emissions by 2050 to our extensive UK offshore wind
track record Over 50% of all project investment has now supported almost
will be spent in the UK – with 50% of the UK’s offshore
GIG was able to leverage our
extensive sector experience to £70 million pledged wind capacity
drive value, reduce project risk to support businesses in the
and improve project negotiations East of England

Installing the first commercial
floating LiDAR in Korea

South Korea is currently the fourth
largest coal importer in the world.
Fossil fuel energy accounts for
Macquarie's Green Investment
Group (GIG) has installed Korea’s
first floating LiDAR system – it is
1.5GW 500MW
offshore wind assets is targeted for completion
nearly two-thirds of the country’s one of the first critical steps in the under development by 2023
electricity generation. In 2017, development of GIG’s first South
South Korea announced the Korean offshore wind farm located
Renewable Energy 3020
Implementation Plan (“RE3020”)
60km off the coast of Ulsan, the
industrial powerhouse in Korea. 1st 2 years
setting a goal to produce 20% of The LiDAR will collect wind commercial floating LiDAR of wind-measurement
its energy from renewable sources resource data and support GIG system installed in Korea campaign will commence to
by 2030 in designing the project and collect valuable data of wind
evaluating its influence on the resources on project design
environment, ecosystem and
fishing industry
Facilitating Australia’s
transition to a lower carbon
electricity system

With the falling costs of new
renewables and thermal
Macquarie Capital acted as sole
financial adviser to Snowy Hydro $A5.1 billion 350,000MWh
generation progressively retiring, on the $A5.1 billion Snowy 2.0 Total project value1 Deep energy storage
the National Electricity Market is expansion of the historic Snowy to provide network reliability
transitioning to a lower-emissions
future. This requires substantial
Mountains Scheme. Macquarie
Capital worked with Snowy
$A3.2 billion 2,000MW
investment in energy storage to Hydro’s management team to Bi-lateral corporate facilities
Additional flexible renewable
ensure affordable, reliable, and raise $A3.2 billion of bilateral
energy capacity
stable energy is always available corporate facilities and ensure
to Australian households and
businesses. Snowy 2.0 is a crucial
a robust, market-leading debt
package was achieved 5,000
step in achieving this Direct and indirect jobs over
Information accurate at 31 March 2020 unless otherwise stated. 1. Including fixed escalation. the life of the project
Financing the largest
onshore wind farm in Europe

The EU has ambitious climate In its first investment outside the Largest known wind power Uses
and energy targets for 2030,
aiming to provide affordable,
UK, the Green Investment Group
acted as financial adviser,
purchase agreement in the
world to underwrite supply 179 3.63MW
best-in-class wind turbines
secure and sustainable energy development partner and equity
investor in Sweden’s Markbygden Committed
~€160 million
ETT wind farm To provide
for 50% stake 650MW

to Nordic region
Europe’s largest single-site
onshore wind farm

Turning industry green with
Scotland’s waste resources

Following a ban on waste-to- Macquarie’s Green Investment The £210 million facility Will supply 100% of chemical
landfill and a goal to improve Group (GIG) partnered with is expected to create manufacturer CalaChem’s
industry productivity, Scotland’s Covanta & Brockwell Energy to 500 construction jobs heat and power needs
Climate Change Plan is creating develop and fund a 21.5 MWe and 30 long-term roles through a tailored agreement
demand for a new generation of energy-from-waste combined heat
energy-from-waste infrastructure and power facility in Scotland Transforming A direct source of heat
216,000 and power for residents

of Earls Gate Industrial Park
tonnes p.a of waste into
79 GWh power 81 GWh heat Estimated to avoid 95 ktCO2e
per year equivalent to taking
41,500 cars off the road
Partnerships to develop
new investment models

Sweden’s ambitious goal to reach Macquarie’s Green Investment Secured €270 million total Originated a 29 year PPA with
net zero emissions of greenhouse Group (GIG) partnered funding – committing 100% Norsk Hydro – one of the largest
gases by 2045 is accelerating with Swedish developer of the equity and raising known European power purchase
efforts to develop and build new SCA Energy to commercialise, ~€160 million of senior debt agreements to date
renewable project structure and finance a 235 MW
onshore wind farm in central Adding 235 MW of renewable Contributing potential
Sweden, including originating capacity in the Nordic region CO2 savings of
a 29 year fixed-volume corporate
Will feature 56 4.2MW turbines
33 ktonnes p.a.
Power Purchase Agreement to support delivery of Sweden’s
from Siemens Gamesa creating
climate change targets
some of the largest structures
in Sweden
Discover more about the outcomes Macquarie generates at
www.macquarie.com/discover
Except for Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (MBL), any Macquarie entity referred to above is not an authorised deposit-taking institution for the purposes of the Banking Act
1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
This information is a general description of the Macquarie Group only. Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and
seek advice. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial, credit or lending product or to engage in any
investment activity, or an offer of any banking or financial service. Some products and/or services mentioned may not be suitable for you and may not be available in all jurisdictions. All securities and financial products or instrument
transactions involve risks. Past performance of any product described above is not a reliable indication of future performance.
Unless otherwise specified all information is correct at 31 March 2020.
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Macquarie Group

© Macquarie Group Limited

Global financial group Diverse business mix

Long-term orientation Outcome-focused culture

Australia and Asia

Assets under management Assets under management New York

£57.5 billion £33 billion

Europe, the Middle Americas

5 year 50% 10% 5% 6th 3rd 15th 5th

Operating income Profit

Earnings per share Dividend per share

MAM BFS CGM CGM MacCap

FY20 Net Profit Contribution ~40% ~14% ~9% ~23% ~14%

Agriculture Real Estate Transportation Private Credit

£412.7 million £25.7 billion4

Provides clients with access to markets, financing, financial hedging,

30+ years 20+ years 15 years

£935.8 million Leased 2 million+

£404.7 million Global leader in green energy

£157.5 billion Best Education and Higher

of the society in which it record contribution in FY20

© Macquarie Group Limited 12

© Macquarie Group Limited 14

Convict emancipation Schools, hospitals

© Macquarie Group Limited 16

1970s 1980s 1990s 2000s 2010s

Financial market innovations Cash management Infrastructure Energy trading Renewables

© Macquarie Group Limited 17

Stable 29 years ‘A’

Ownership of risk Understanding Independent sign-off

Principles stable for 30+ years

© Macquarie Group Limited 19

Commodities Investment management Infrastructure Asset Finance Renewables

Precious metals Utilities IT Onshore wind

Equities funds Storage

A diversified business that is continually evolving

FY20 FY20 FY20

~100 12,800 MW Carbon neutral £202.4 million

140,000+ people 250+ green Emissions 21,000

All data at 31 March 2020.

391 £4.4 billion

More detailed information is also available at macquarie.com/ESG

© Macquarie Group Limited 24

© Macquarie Group Limited 25

Grant-making focus Integrated approach Staff-led philanthropy

Supporting social and

© Macquarie Group Limited 26

£9.9 million allocated to the Foundation to support non-profits working

To date, the Foundation has

£0.5 million has also been

© Macquarie Group Limited 27

James Tylor, Un-resettling (A frame hut), 2013, hand

The social need The solution The award funding

The social need The solution The award funding

The social need The solution The award funding

© Macquarie Group Limited 31

The social need The winner The award funding

The social need The winner The award funding

© Macquarie Group Limited 34

© Macquarie Group Limited 37

20+ 4,000+ 690+

year of experience people employed people in Macquarie’s 4GW+

20+ 140+ 2,000+