In all the dialogues and conversations
I have with clients and stakeholders,
there's a real recognition
of the Macquarie legacy
over the last 25 to 30 years
in the infrastructure sector,
and that leadership and legacy
remains with Macquarie and
and is instilled
in every new graduate
and new hire that comes through.
Clients and partners come to us
to really look at complex opportunities.
You know,
they don't come to us
for the simple opportunities.
What impresses me most about Macquarie
is the deep bench strength
and a wide network of regional
and country teams
that they have managed
to build up over the years
and their ability
to get these different teams
to work together as one huge deal machine.
It's an amazing brand.
So the market power
and reputation of Macquarie
certainly has given us a leg up
in terms of the halo effect
that we get by being
a Macquarie portfolio company.
But we are quite a fast
entrepreneurial company.
And so when we look at transactions,
in some cases we need to move quite fast.
And I'd say Macquarie
have been really with us
alongside us, moving
fast and being dynamic.
Macquarie, from our point of view,
also the focus on getting the right
risk allocation as dictated by the market
to win project as effectively as possible.
Each of our regions
funds have a truly
international investor base.
For our Asia
focused infrastructure funds,
we've seen commitments
from investors across North
America, Europe,
Middle East, Asia and Australia.
They bring a
granular thought process to our business,
whether it's on the waste side
or the energy side
that has meaningful insight
to helping us run the business.
It has a unique blend of sort of in-house
operational expertise,
as well as financial acumen
and a real experience
that comes from actually having managed
and operated assets
across a very broad portfolio
for a very long time.
Their contacts
and the people that they can
introduce us to,
both people that can be of service to us
in different ways,
as well as potential customers.
They have a demonstrated ability
to adapt to the ever
changing market conditions.
Over our 25 years,
we are proud of the way we've developed
the infrastructure class
and been able
to present a much broader range
of assets to our investors.
The real changes and opportunities
that we're seeing on the infrastructure
sector at the moment is a shift
from what
historically would be called core
plus infrastructure.
So digital infrastructure
and social infrastructure
really coming back into the mainstream
of infrastructure going forward,
and that's presenting
a lot of opportunities for us.
There's also an acknowledgment that we continue
to be at the forefront
of the sector today
around things
like asset creation
in renewable generation, battery storage,
the decarbonisation theme,
digitisation around digital infrastructure
Macquarie continues
to lead the market
when it comes to these sectors.
They have this tremendous
asset base of green power
and that green power
and the know-how of that green power
is something that we can utilise
to also educate and help our customers
and work with Macquarie
to provide
longer term green solutions for customers
as part of our asset base.
Macquarie is able to bring global expertise
and important topics
like workplace
health and safety directly
into the businesses that we manage
and improve the outcomes.
There is not a meeting
that goes by that
we don't talk about health and safety.
And because of that,
you know, our safety stats
and culture has improved vastly
since their ownership.
Our teams come from diverse backgrounds
with deep technical industry
and finance expertise
and are located in the markets
in which we invest.
It’s through this deep
understanding of the local markets
that we’re able to secure
and manage investments across the region.
You always get a good quality team
on every transaction,
it’s not one on and off as others might be.
We've got dedicated teams
in Australia, in the Asia Pacific region,
in North America and Europe,
and dedicated staff
who focus solely on infrastructure,
whether it be third party
advisory or asset creation
or project development.
We also have a very flexible
balance sheet
so we can invest in
construction, operations,
development and platform opportunities,
which is quite unique
and we have
a very clear skill in financial ability
and using our technical knowledge.
There is a lot of investors out there
and there's a lot of money out there,
but the number of them
that can really help you
build your business in the infrastructure
and government arena is pretty limited.
So we saw that as being exceptional
among the various folks
that we were talking to
and made Macquarie by far
the most interesting.
In FCC we are really excited
for the future with Macquarie.
We have expanded our relationship
in Europe to Americas and that
Is bringing us big opportunities.
We see that we can,
you know,
go big and go international,
and we're really excited
about being a partner of Macquarie's
because we know they'll help us.
We look forward
to building on the long
term partnership that we have
with Macquarie in the years to come.