The Macquarie Group

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The Macquarie Group

• Macquarie Bank Limited
• and worldwide entities

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The Macquarie Group

• Provides specialist investment, advisory and
  financial services in select markets around the
  world
• Over 8,000 people in 18 countries
• Macquarie Bank, the leading Australian investment
  bank, and its worldwide affiliated entities

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Major business activities
Banking (Aus) Property
Treasury Commodities
Investmentbanking

• Banking
• Margin Lending
• Mortgages
• Securitisation
• Property investment management
• Property finance
• Property investment banking
• Golf-related real estate development

• Corporate finance
• Structured finance
• Infrastructure specialised funds
• Cross-border leasing
• Equity capital markets
• Lending asset financing
• Institutional stockbroking
• Equities research

• Metals mining
• Agricultural commodities
• Energy
• Foreign exchange
• Debt markets
• Futures
• Treasury
• Risk advisory
• Capital management

Equitymarkets
Funds management
Retail financial Services (Aus NZ)

• Product issuance
• Volatility trading
• Structured deals
• Cash trading
• Equity finance

• Full spectrum funds manager
• All major asset classes
• Enhanced indexing

• Stockbroking
• Private banking
• Financial planning
• Portfolio management
• Product distribution via 3rd party advisers
  direct

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Macquarie Bank Limited

• Established in 1969 as Hill Samuel Australia
• Acquired banking licence in 1985, became
  Macquarie Bank
• Listed on Australian Stock Exchange 1996
• Financial highlights at 31/03/2003
• market cap 2.8 billion (USD 3.0 bn)
• total assets 18.0 billion (USD19.6bn)
• total funds under mgmt - 29.0 billion (USD
  31.6bn)

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Solid credit ratings
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Macquarie Cotton
Laura Hopper Senior Manager Settlements Division
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Macquarie Cotton
An International Team
London
Shanghai
New York Charleston
Sydney Melbourne
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Agricultural Commodities cont

• A broad array of products
• Physical products
• across various commodity classes
• Cotton
• Sugar
• Grains Wheat, Corn
• Beans and Oilseeds
• Coffee, Cocoa
• Indices and baskets

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Cotton

• Physical growths
• US Cotton
• Australian Cotton
• Brazilian Cotton
• West African Cotton

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US Cotton

• The US is the largest exporter of cotton
  worldwide, producing 23.8 m bales and exporting
  16.2 m bales of cotton per annum
• Macquarie entered into a joint venture with Dyer
  Cotton Co. (Greenville, SC) in 2002 and in 2004
  acquired 100 ownership.
• Macquarie has been well received in the market
  and is currently one of the leading Cotton
  Merchants in the US.
• We export over 500,000 bales of US cotton per
  annum, which is approximately 11,400 TEU / year.
• Quality and specifications All ranges from PIMA
  through to lowest traded US grades

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US Cotton cont..

• We source across the cotton belt from California
  to Texas, the Delta States and the South East
  positions.
• Our Supply Chain consists of Trucks, Rail and
  Ocean Vessels.
• Ports we currently ship through Los Angeles,
  Long Beach, Houston, Charleston and Savannah.
• Export destinations include China, Turkey, India,
  Pakistan, Indonesia, Taiwan, Thailand, Colombia,
  Brazil, Vietnam and other worldwide destinations.
  
• The Charleston, SC office is responsible for all
  Sales, Logistics and Settlements for US, Brazil
  and West African cotton.

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Australian Cotton Brazilian Cotton West
African Cotton
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What We Stand For

• Integrity
• Client Commitment
• Strive for Profitability
• Fulfilment for our People
• Teamwork
• Highest Standards