1H21

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Macquarie (MGL and its subsidiaries, the Consolidated Entity) is a global diversified financial group with offices in 31 markets.


Financial highlights

1H21 net profit

$A985m

32% on 1H20


1H21 operating expenses

$A4266m

5% on 1H20
1H21 net operating income

$A5519m

13% on 1H20


1H21 earnings per share

$A2.77

36% on 1H20

1H21 return on equity

9.5%

42% in 1H20


1H21 effective tax rate

21.8%

from 20.5% at 1H20
1H21 dividend per share (40% franked)

$A1.35

46% on 1H20


Assets under management as at 30 September 2020

$A556.3b

from $A598.9b at 1H20

1. Includes MAM and BFS AUM. 31 Mar 20 AUM has been restated to reflect an immaterial misstatement in total MAM AUM reported on 8 May 20.


1H21 Net Profit Contribution1 by activity

1. Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax.

Annuity-style activities

$A1600m

7% on 1H20

Markets-facing activities

$A672m

42% on 1H20

 

FY2020 Net Profit Contribution by geography2

AMERICAS

31%

EMEA

25%

ASIA

12%

ANZ

32%

2. International income is net operating income excluding earnings on capital and other corporate items.

Operating and Financial Review

Our businesses

Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. For internal reporting and risk management purposes, Macquarie is divided into four Operating Groups, which are supported by four Central Service Groups. The Operating Groups are split between annuity‑style businesses and markets‑facing businesses.

Net profit contribution

$1062m

5% on 1H20

Macquarie Asset Management (MAM)

A leading specialist global asset manager, offering a diverse range of products through two business divisions: Macquarie Infrastructure and Real Assets (MIRA) and Macquarie Investment Management (MIM).

Net profit contribution

$A317m

18% on 1H20

Banking and Financial Services (BFS)

BFS serves the Australian market, and is organised into the following three business divisions: personal banking, wealth management and business banking.

Net profit contribution

$A1082m

5% on 1H20

Commodities and Global Markets (CGM)

Provides clients with an integrated, end‑to‑end offering across global markets including equities, fixed income, foreign exchange, commodities and technology, media and telecoms.

Net profit contribution

($A189m)

significantly on 1H20

Macquarie Capital

Global capability in advisory and capital raising services, investing alongside partners and clients across the capital structure, providing clients with specialist expertise, advice and flexible capital solutions across a range of sectors.

Central service groups

Provide a range of functions supporting Macquarie’s Operating Groups, ensuring they have the appropriate workplace support and systems to operate effectively and the necessary resources to meet their regulatory, compliance, financial reporting, legal and 
risk management requirements.

Corporate Operations Group (COG)

Provides specialist support services across technology, market operations, human resources, workplace and strategy.

Financial Management Group (FMG)

Provides financial, tax, corporate communications and treasury services to all areas of Macquarie.

Legal and Governance (LGL)

Provides a full range of strategic legal advice and support and corporate governance services.

Risk Management Group (RMG)

Independent and centralised unit responsible for identifying, assessing and monitoring risks across Macquarie.