Performance - Americas

Macquarie Securities

Macquarie’s North American equities presence builds on the Group’s global strengths, characterized by independence, intellectual rigor and exceptional client service. As one of the world’s top-10 equities research houses¹, Macquarie Securities covers 600 stocks in the US and more than 190 in Canada across the following seven key sectors:

• Financial services
• Real estate
• Resources
• Energy
• Industrials
• Infrastructure and utilities
• Telecommunications, media, entertainment and technology

Corporate access

Macquarie Connections is a leading provider of corporate access, dedicated to connecting institutional investors and corporates around the world.

Derivatives DeltaOne Trading

The Derivatives DeltaOne Trading division specializes in institutional derivatives, arbitrage trading and global securities finance.

Fixed Income, Currencies and Commodities

Clients benefit from the specialized knowledge of the team which operates in a wide range of sectors in locations across North and South America. Products and services offered include:

• Commodity risk management solutions across metals, energy and agricultural commodities
• Physical gas and physical power trading and services
• Energy markets origination, marketing and trading
• US credit and debt sales and trading
• Futures trading and options services
• Interest rate risk management and structuring services
• Structured and project finance and mezzanine and subordinated debt and equity finance for metals and energy projects
• Margin and inventory financing for participants in physical metals, energy and agricultural markets
• Trading and sales of emerging markets currencies, debt and derivatives over equities, currencies and commodities as well as emerging markets advisory
• Origination of environmental financial products

Macquarie Capital

Macquarie Capital Advisors

Macquarie Capital Advisors provides tailored strategic and financial advice to corporates and the government sector worldwide.

Macquarie Capital has a deep global knowledge in: infrastructure and utilities; telecommunications, media, entertainment and technology (TMET); resources; real estate; financial institutions and general industrials.

The group specializes in a range of corporate advisory services including mergers and acquisitions, equity capital markets, debt restructuring and distribution, project finance, principal investments and alternative assets fund management.

Recent transactions reflect the application of Macquarie Capital's sector expertise and global platform:

• Tristar: Advisor on the $C2.7 billion strategic combination of Tristar and Petrobank
• LS Cable: Advisor and debt arranger on the $US1.25 billion acquisition of Superior Essex
• Puget Energy: Advisor to Macquarie-led consortium on the $US7.9 billion acquisition of Puget Energy
• Eldorado Gold: Advisor to Eldorado on the $C2.5 billion all-scrip acquisition of Sino Gold Mining Limited
• Viterra: Advisor on the $A1.6 billion acquisition of ABB Grain
• Lazy Days R.V. Center: Advisor to Lazy Days R.V. Center, Inc. in the restructuring of approximately $US138 million of debt through a pre-packaged Chapter 11 bankruptcy filing
• Pinnacle Foods Finance LLC: Joint bookrunner on an acquisition financing package consisting of an $US850 million Term Loan C, a $US300 million offering of Senior Unsecured Notes, and a $US25 million Revolver
• Bucyrus International, Inc: Joint bookrunner on a $US1.2 billion senior debt facility to support Bucyrus' $US1.3 billion acquisition of Terex Corp's mining equipment business
• Highpine Oil & Gas Ltd: Advisor on Highpine Oil & Gas Ltd’s $C530 million sale to Daylight Resources Trust
• North Tarrant Express: Financial advisor on the $US2 billion North Tarrant express, the only privately financed toll road project to complete in the US during 2009
• Port of Miami Tunnel: Debt arranger and advisor to Meridiam Infrastructure and Bouygues on the $US806 million Port of Miami tunnel project
• Och-Ziff: Co-manager for Och-Ziff Capital Management Group LLC’s $US1.15 billion initial public offering on the New York Stock Exchange

Macquarie Capital's depth of experience delivered innovative financing solutions for its clients. This work was recognized through awards during 2009, including:

• PPP Deal of the Year
• North America PPP Deal of the Year – Project Finance Magazine
• North America Project Deal of the Year – Project Finance Magazine

Macquarie Capital’s strong track record is reflected in the following recent highlights:

• Completed 270 ECM transactions globally, raising more than $US37 billion of equity in the
  12 months to 31 March 2010
• Raised more than $US26 billion of debt for clients in the 12 months to 31 March 2010
• Highly rated global M&A advisor
• A leading alternative assets fund manager with more than $US35 billion of equity under management and $US88 billion of assets under management (both at 31 March 2010), covering approximately 100 portfolio businesses.

Macquarie Capital Funds

Macquarie Capital Funds is a leader in the management of alternative asset funds which invest in infrastructure, real estate, private equity and other specialist businesses. The division manages over $US88 billion² in assets around the world with 42 public and private funds and separately managed accounts managing approximately 100 portfolio businesses (at 31 March 2010). Macquarie Capital Funds manages businesses across Europe, the US, Canada, Mexico, Australia, Korea, Hong Kong, India, Russia, Singapore, South Africa and the United Arab Emirates.

In North America, Macquarie Capital Funds manage approximately $US35 billion² of assets across a number of funds / vehicles including:

• Macquarie Infrastructure Partners I & II: Two private diversified infrastructure funds that invest in infrastructure businesses in North America
• Macquarie Mexican Infrastructure Fund: First peso-denominated fund focused solely on making infrastructure investments in Mexico
• Macquarie Infrastructure Company (NYSE: MIC): US-based infrastructure company listed on the New York Stock Exchange
• Macquarie Power & Infrastructure Income Fund (TSX: MPT.UN): Invests predominantly in North American infrastructure assets, with an emphasis on power infrastructure
• Macquarie Essential Assets Partnership: A private diversified infrastructure fund with investments in Canadian infrastructure businesses
• Macquarie Global Opportunities Partners and Macquarie Advance Investment Partners: Two private equity funds with investments in North America, Europe and Australia

Macquarie Funds

Macquarie Funds Group, which includes US-based asset manager Delaware Investments, offers a range of global and regional investment products and services to institutional and retail clients across a range of asset classes including:

• Fixed income
• Equities
• Currency
• Commodities
• Infrastructure and real estate securities
• Fund of funds
• Hedge funds
• Fund linked derivatives

Globally, Macquarie Funds Group has approximately $US200 billion in assets under management³.

Banking and Financial Services

Combining independence with the resources of a global institution, Macquarie's Banking and Financial Services Group offers a range of products and services in the Canadian market, including:

• Private Wealth Management: Following the acquisition of Blackmont Capital, Macquarie Private Wealth offers clients tailored, independent and differentiated financial advice across its 12 offices in Canada
• Residential Mortgages: Macquarie Financial offers competitive rate mortgages to Canadian home owners through a network of preferred mortgage brokers
• Insurance Premium Funding: Macquarie Premium Funding provides innovative financing solutions to Canadian businesses through a network of preferred insurance brokers