BAT Treasury Transformation Project
|
|
- Samuel Felix King
- 6 years ago
- Views:
Transcription
1 BAT Treasury Transformation Project
2 Regional Treasury Manager - British American Tobacco (BAT) Asia Pacific Treasury in Singapore. With BAT for over 15 years. Father of 3 boys 1
3 Agenda Introducing BAT General triggers for change in Treasury Drivers for transformation at BAT Initiatives undertaken and benefits Key takeaways 2
4 BAT Facts and Figures Formed in 1902, as a joint venture between the UK s Imperial Tobacco Company and the American Tobacco Company World s second largest quoted tobacco group by global market share Operating in over 180 markets 45.8bn in gross turnover 5.4bn profit from operations Net debt of 8.6bn and cash of 2.1bn Annually paying 30.7bn in taxes (incl. excise duties) 3
5 Triggers for Change Organic growth of the organization 2. Desire to be innovative and best-in-class 3. Event-driven (merger, acquisition, spin-off) 4. External factors (financial crisis, regulation) 5. The changing role of corporate treasury 4
6 Treasury in the near future. RECENT PAST NOW and NEAR FUTURE Treasury Organisation Decentralised, local processes Virtual Organisation IHB and Payments Factory Shared Services Banking Landscape Multiple banks, E-banking, single cash pools Balance Banking wallet Simple bank ac structure Independent bank connectivity System Infrastructure Standalone systems, non-automated Interfaces, multiple systems 1 Global system Automation Interfaces Treasury and workflow processes Many different processes, labor intensives Uniform More with less Paperless 5
7 Agenda Introducing BAT General triggers for change in Treasury Drivers for Transformation at BAT Steps undertaken and benefits Key takeaways 6
8 m Drivers for BAT Treasury Transformation Process Cost Payments Collections Accounting Tax Treasury Audit Planning & Reporting Business Partnering Mgmt. & Admin. Overhead Technology * versus FMCG median TOTAL 8 10 Opportunity * ** In 2007 Conducted Hackett studies and results were as follows Treasury costs more than double the average of comparable organisations, why? - 230% more bank accounts. - Bank charges are significantly higher ** representing circa 80% of finance cost base 7
9 Drivers for treasury transformation Roll back to
10 Drivers for treasury transformation Creaking head office centralised treasury system Manual work and non standardised processes Lack of reliable data: - No consistent definition of FX exposures - No standard analysis of FX impact - No regular reporting 9
11 Steps for treasury transformation 1. Must do: multi-currency rolling cash flow forecast 2. Define the Target Operating Model (TOM) 3. Treasury Transformation: Back to Basics - FX Optimisation - Cash management and banking efficiency - Bank account rationalisation - Inter-company netting In House Bank 10
12 Treasury organisation Evolution De-Centralised Centralised Automated Manual Treasury Transformation Start TaO Interim GTO To-Be 11
13 BAT s SAP deployment Programme TaO, started in early 2011, covering: - Operations, Marketing and Finance, including Treasury (+ SWIFT connectivity) - Scope Covering 100+ countries Jan Pilot in Malaysia market + Global Treasury - Live in Sept 2012 Subsequent global deployment in five waves, complete by end-2015 Specifically for Asia Pacific: Jan Australasia, Pakistan, Bangladesh and Sri Lanka live Jan 2014 Mid 2013 Rest of Asia Pacific Live May
14 Benefits Doing the basics well realises value: 60% of total benefits realised before system roll-out The savings are in the following areas - Banking - Cash management - Funding costs - Overheads Savings GBP25mn pa More ambition = more effort = more benefits! - More than 8x s the initial estimate 13
15 Conclusions and lessons learnt 1. Get the basics right - Easy Steps to Big Impacts/Wins 2. Sell tangible benefits to win people over easier 3. Use the experts 4. Anticipate challenges, every step of the way. Best planning need adapting. 5. Stay focussed on your vision as the results are worth it. 14
Transformation in China: New Opportunities and Challenges
Transformation in China: New Opportunities and Challenges March 2008 The information contained herein does not constitute and shall not be construed to constitute investment, tax or legal advice by Deutsche
More informationPublic Sector Accounting System Reform in Lithuania: Experience, Lessons and Challenges
Public Sector Accounting System Reform in Lithuania: Experience, Lessons and Challenges Ingrida Muckutė Director of Accounting Methodology Department Ministry of Finance Brussels, 29-30 May 2013 Agenda
More informationHenkel Shaping Henkel towards 2020 and beyond. Hans Van Bylen, Carsten Knobel German Investment Seminar 2017 January 2017
Henkel 2020 + Shaping Henkel towards 2020 and beyond Hans Van Bylen, Carsten Knobel German Investment Seminar 2017 January 2017 Disclaimer This information contains forward-looking statements which are
More informationJohn Menzies plc. Interim Results Presentation 14 August 2018
John Menzies plc Interim Results Presentation 14 August 2018 Results Overview Highlights Underlying operating profit at 33.9m, up 18% at constant currency Profit progression John Menzies plc H1 underlying
More informationSEPA as a driver for streamlining receivables
BNP_FX_2014.qxd 17/12/13 10:53 Page 1 SEPA 2.0: Opportunities and challenges after the end-date by Luca Poletto, BNP Paribas Five years after the go-live date of the first Single Euro Payments Area (SEPA)
More informationRetail Banking and Wealth Management Investor Update
March 2014 Retail Banking and Wealth Management Investor Update John Flint Chief Executive, RBWM Forward-looking statements This presentation and subsequent discussion may contain certain forward-looking
More informationMarket Value Management
Market Value Management 2 Agenda What is Market Value Management? Reasons to implement? Example project approach Key leaning points so far 3 Stakeholders in the insurance sector are demanding better risk
More informationThe New Unilever Simpler, Faster, Stronger Jean-Marc Huët
The New Unilever Simpler, Faster, Stronger Jean-Marc Huët Agenda 1 Driving sustainable growth ahead of the market 2 Delivering steady, sustainable margin improvements 3 Deploying cash effectively to fund
More informationElectrocomponents plc ANNOUNCEMENT OF INTERIM RESULTS
Electrocomponents plc ANNOUNCEMENT OF INTERIM RESULTS HALF YEAR ENDED 30 SEPTEMBER 2010 12 NOVEMBER 2010 DELIVERING FOR OUR CUSTOMERS Agenda Overview and current trading Ian Mason Financial performance
More informationAHA Centre Executive (ACE) Programme 2017 Red Cross Red Crescent Induction October 2017 Semarang, Indonesia
AHA Centre Executive (ACE) Programme 2017 Red Cross Red Crescent Induction 09-14 October 2017 Semarang, Indonesia https://www.youtube.com/watch?v=7jej66w R1u4 1. Cash transfer programming in emergency
More informationDeutsche Bank Global Transaction Banking. Beyond SEPA. Going Deeper and Wider
Global Transaction Banking Going Deeper and Wider Introduction The commencement of the Single Euro Payments Area (SEPA) marks a pivotal moment merging different retail payment systems throughout Europe
More informationANNOUNCEMENT OF PRELIMINARY RESULTS
The leading high service distributor to engineers worldwide ANNOUNCEMENT OF PRELIMINARY RESULTS YEAR ENDED 31 MARCH 2009 29 May 2009 Agenda Overview and current trading Ian Mason Financial performance
More informationRetail Banking and Wealth Management Investor Update
May 2014 Retail Banking and Wealth Management Investor Update May 2014 John Flint Chief Executive, RBWM Forward-looking statements This presentation and subsequent discussion may contain certain forward-looking
More informationConsumer Brands, Retail and Healthcare: The Receivables Opportunity
Consumer Brands, Retail and Healthcare: The Receivables Opportunity An increasing number of corporate treasuries in the Consumer Brands, Retail and Healthcare (CBRH) sector have already centralised and
More informationConference Call FY 2017 Results. 08 March 2018
Conference Call FY Results 08 March 2018 Disclaimer Forward-looking Statements This discussion may contain forward-looking statements about Linde and its businesses, including statements concerning its
More informationPresentation 22 August 2018
Presentation 22 August 2018 Exceeded 3YP targets in 2017, but 2018 is challenging due to continued destocking, store closures and bankruptcies Profit attributable to shareholders (like-for-like) down 19%
More informationCommerzbank 4.0 simple digital efficient Performance and strategy implementation on track
Performance and strategy implementation on track Goldman Sachs 22nd Annual European Financials Conference Disclaimer This presentation contains forward-looking statements. Forward-looking statements are
More informationBritish American Tobacco Debt Investor Update. London, 7 March 2013
British American Tobacco Debt Investor Update London, 7 March 2013 1 Disclaimer The information contained in this presentation has not been independently verified and no representation or warranty, express
More informationSecuring tomorrow today Setting up the tax function to embed controls around people, processes and systems
Securing tomorrow today Setting up the tax function to embed controls around people, processes and systems Wobke Hahlen Deloitte Netherlands Marvin de Ridder Deloitte Netherlands Agenda Background & trends
More informationConsumer Brands, Retail and Healthcare: The Receivables Opportunity
Consumer Brands, Retail and Healthcare: The Receivables Opportunity Consumer Brands, Retail and Healthcare: The Receivables Opportunity An increasing number of corporate treasuries in the Consumer Brands,
More informationShaping the future relationship bank
Shaping the future relationship bank CEO Long term commitment, have a plan, future oriented continue on the road we have set out on, Stable, trustworthy Christian Clausen President and Group CEO 1 Nordea
More informationM&G Investments. Michael McLintock and Grant Speirs
M&G Investments Michael McLintock and Grant Speirs Agenda M&G Group strategic overview Michael McLintock M&G s results and the industry Grant Speirs Business outlook and summary Michael McLintock 2 About
More informationReducing the cost of compliance: A bold move towards Know Your Customer (KYC) managed services
Reducing the cost of compliance: A bold move towards Know Your Customer (KYC) managed services 2 Contents Introduction...3 Evaluating the drivers behind financial institution KYC expenditure...4 An investigation
More informationUnilever - CAGE Conference. Paul Polman CEO Roger Seabrook VP Investor Relations London - 19 th March 2012
Unilever - CAGE Conference Paul Polman CEO Roger Seabrook VP Investor Relations London - 19 th March 2012 Contents 1 2011 key takeaways 2 Our progress over the last 3 years 3 Your questions addressed 2011
More informationPreliminary Results 2014/ March 2015
Preliminary Results 2014/15 19 March 2015 Agenda Highlights Financial & business review Laurence Bain Mark Whiteling Strategy update & outlook Q&A Laurence Bain All 2 Transforming Premier Farnell 1. Strategic
More informationEconomic and Social Survey of Asia and the Pacific 2017 Governance and Fiscal Management
Economic and Social Survey of Asia and the Pacific 217 Governance and Fiscal Management Launch and Panel Discussion on the UN Economic and Social Survey of Asia and the Pacific 217: Korean Perspective
More informationFY16 YEAR END RESULTS 5 APRIL 2016
FY16 YEAR END RESULTS 5 APRIL 2016 DEFINITIONS AND IMPORTANT NOTICE The following definitions apply throughout Trading EBITDA (earnings before interest, tax, depreciation and amortisation): excludes exceptional
More informationFelipe Dutra Chief Finance & Technology Officer
Felipe Dutra Chief Finance & Technology Officer Agenda Financial Performance Role of Financial Discipline in our business model Risk management: Balancing deleveraging with returning cash to shareholders
More informationCONTINUED GOOD PERFORMANCE
31 July 2013 BRITISH AMERICAN TOBACCO p.l.c. HALF-YEARLY REPORT TO 30 JUNE 2013 CONTINUED GOOD PERFORMANCE KEY FINANCIALS 2013 2012 Change Six Months Results - unaudited Current Constant Restated** Current
More informationHeadline Verdana Bold Deloitte TaxMax The 43 rd series One bold step in the right direction Richard Mackender & Senthuran Elalingam l 22 November
Headline Verdana Bold Deloitte TaxMax The 43 rd series Richard Mackender & Senthuran Elalingam l 22 November 2017 by Deloitte Tax Academy Agenda The Digital Economy 3 Background and market research 8 Managing
More informationUnilever. Q2 and First Half 2007 Results. Agenda business performance. Accelerating change. Patrick Cescau Group Chief Executive
Unilever Q2 and First Half 2007 Results Patrick Cescau Group Chief Executive John Rothenberg SVP Investor Relations 2 nd August 2007 Agenda 2007 business performance First half and second quarter results
More informationSchaeffler AG 17 th GCC Kepler Cheuvreux. Jan 17, 2018 Frankfurt
Schaeffler AG 17 th GCC Kepler Cheuvreux Jan 17, 2018 Frankfurt Disclaimer This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate", "expect", "intend",
More informationSeptember 23rd - 26th Please, consider NOT to include this page in the printed version in order to preserve the environment
September 23rd - 26th 2012 Effective Budgeting and Cash Flow Management Please, consider NOT to include this page in the printed version in order to preserve the environment Effective Budgeting and Cash
More informationHenkel Our strategic priorities for the future. Hans Van Bylen / Carsten Knobel Press Conference, November 17, 2016
Henkel 2020 + Our strategic priorities for the future Hans Van Bylen / Carsten Knobel Press Conference, November 17, 2016 Disclaimer This information contains forward-looking statements which are based
More informationMEDIA RELEASE. The two pilot payment transactions were:
MEDIA RELEASE Media Release Includes suggested Tweets, Facebook posts, keywords and official hashtags OCBC BANK IS FIRST BANK IN SOUTHEAST ASIA TO USE BLOCKCHAIN TECHNOLOGY FOR CROSS-BORDER PAYMENT SERVICES
More informationKey Principles Leading the Zumtobel Group as a Global Player in Professional Lighting
Key Principles Leading the Zumtobel Group as a Global Player in Professional Lighting Introduction of the new CEO of Zumtobel Group, Ulrich Schumacher November 2013 1 AGENDA Personal introduction Positioning
More information2017 Tax Management Consulting Conference Welcome and tax management trends. Deloitte, Kuala Lumpur 12 July 2017
2017 Tax Management Consulting Conference Welcome and tax management trends Deloitte, Kuala Lumpur 12 July 2017 Agenda Overview 5 Tax operating models 8 Main commercial drivers 12 Resourcing 17 Country
More informationManaging operational tax risk through technology
Managing operational tax risk through technology EY Africa Tax Conference September 2014 Panel Daryl Blakeway Director Tax Performance Advisory Leader EY South Africa Anthony Davis Director Tax Performance
More informationBuilding an Asian Transaction Banking Franchise
Building an Asian Transaction Banking Franchise Tom McCabe Global Head, GTS 19 March 2012 Disclaimer: The information contained in this document is intended only for use during the presentation and should
More informationTELENOR GROUP FOURTH QUARTER Jørgen C. Arentz Rostrup, CFO
TELENOR GROUP FOURTH QUARTER Jørgen C. Arentz Rostrup, CFO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationGetting fit for clearing
www.pwc.co.uk/consulting Getting fit for clearing Pursuing the OTC central clearing market Only those who will risk going too far can possibly find out how far one can go. T.S. Eliot Diamond Advisory Services
More informationERM/ORSA Training Thai General Insurance Association (TGIA)
ERM/ORSA Training Thai General Insurance Association (TGIA) 10 October 2017 Agenda Time Topics 8.30-9.00 Registration ORSA for Non-life Insurance Top 10 global business risk in 2017 Weakness and past failures
More informationMulti-Family Offices. An Answer to a Strategy Conundrum. Hubbis India Conference 23 th August 2017
Multi-Family Offices An Answer to a Strategy Conundrum Hubbis India Conference 23 th August 2017 AGENDA How has the Family Office model evolved What is a Multi Family Office Why I set up Taurus Family
More informationIntroduction to INDONESIA
Introduction to INDONESIA Indonesia is the fifth largest economy in Asia in nominal GDP terms and the third most populous nation behind China and India. It has recorded strong economic growth over the
More informationOne Aviva Twice the Value
One Aviva Twice the Value Philip Scott, Group Finance Director Our priority is to realise the full potential of Aviva s existing businesses Andrew Moss Group Chief Executive page 1 Disclaimer This presentation
More informationIMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration
IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration Presentation by: Richard Highfield Consultant in Tax System Administration (ADB) 1-2 December 2017,
More informationVodafone Group Plc Q3 Results. Vittorio Colao, Chief Executive Andy Halford, Chief Financial Officer 3 February 2009
Vodafone Group Plc Q3 Results Vittorio Colao, Chief Executive Andy Halford, Chief Financial Officer 3 February 2009 1 Disclaimer The following presentation is being made only to, and is only directed at,
More informationEuropean Banking Restructure Project: Achieving New Efficiencies
European Banking Restructure Project: Achieving New Efficiencies Andrew Houghton Vice President, Treasury ProLogis ahoughto@prologis.com Dieter Stynen Head of Treasury Solutions EMEA Deutsche Bank dieter.stynen@db.com
More informationInterim Results for the period ending 30 th September 2015
Interim Results for the period ending 30 th September 2015 10 th Nov 2015 Russell Down, Chief Executive Overview Challenging and disappointing start to the year Review identified: Poor execution of business
More informationFull year results to 30 June 2015 Greg Fitzgerald, Executive Chairman, and Graham Prothero, Finance Director
Full year results to 30 June 2015 Greg Fitzgerald, Executive Chairman, and Graham Prothero, Finance Director FY15 Results Analyst Presentation, 16 September 2015 1 Agenda Overview Strategy to 2018 Financial
More informationH1 16 interim results. 22 September 2015
H1 16 interim results 22 September 2015 Important notice 2 This presentation may include certain forward-looking statements, beliefs or opinions, including statements with respect to the Company s business,
More informationDespite Challenging Externalities, Axiata s Third Quarter Results Continue to Demonstrate Improved Underlying Performance
MEDIA RELEASE Despite Challenging Externalities, Axiata s Third Quarter Results Continue to Demonstrate Improved Underlying Performance Based on underlying performance at constant currency and pre-mfrs
More informationValue Added Tax Specialists
Value Added Tax VALUE ADDED TAX Value Added Tax Specialists Brendan F. Moore, President, Ryan International, European and Asia-Pacific Operations, leads a team of seasoned value added tax professionals
More informationTesco in Asia key messages
Tesco in Asia key messages Laurie McIlwee, Group Finance Director Tesco in Asia 2010, 21st 23rd November With a population of more than 3.2 billion, Asia offers enormous opportunity China Tesco is a leading
More informationInterim Management Statement
Interim Management Statement 13 TH N OVEMBER 2012 A LBERT M ANIFOLD M YLES L EE M AEVE C ARTON COO CEO FD Agenda 1 2012 TRADING AND OUTLOOK COST REDUCTION MEASURES WRAP UP 2 2012 TRADING AND OUTLOOK YTD
More information2 Day Program on SME Credit: Lending and Financial Analysis
2 Day Program on SME Credit: Lending and Financial Analysis Venue: Radisson Blu Residence Dubai Marina, Dubai (UAE) Dates: 22-23 November 2017 Delivery Type: Group Live Duration: 2 Days Non-residential
More informationTELECONFERENCE INTERIM REPORT Q Work, live and thrive in new places around the world. We make it easy
TELECONFERENCE INTERIM REPORT Q3 2018 Work, live and thrive in new places around the world. TODAY S AGENDA Q3 Highlights 03 Market Trends (Europe, Asia, Australia, Americas) 07 Key financial figures 12
More informationWestpac Institutional Bank
Westpac Institutional Bank Philip Coffey - Group Executive 31 July 2003 Agenda Business overview Transformation Expanded capabilities and growth path 2 Investors Business overview: why WIB is different
More informationMAXIMISING VALUE FROM THE IN-FORCE BOOK
Financial Services POINT OF VIEW MAXIMISING VALUE FROM THE IN-FORCE BOOK A SYSTEMATIC APPROACH TO UNLOCK THE IN-FORCE OPPORTUNITIES AUTHORS Bernhard Kotanko, Partner Jan-Hendrik Erasmus, Partner Tim Kirk,
More informationAnalyst and Investor Conference 2016 Dieter Bellé, Bruno Fankhauser, Dr Frank Hiller. The Quality Connection
Analyst and Investor Conference 2016 Dieter Bellé, Bruno Fankhauser, Dr Frank Hiller The Quality Connection Agenda 1. Group (Dieter Bellé) 2. Wiring Systems (Dr Frank Hiller) 3. Wire & Cable Solutions
More informationEuroclear FundsPlace. Your specialist global market infrastructure and innovative fund solution providers
Euroclear FundsPlace Your specialist global market infrastructure and innovative fund solution providers About Euroclear Euroclear is the financial industry s trusted provider of post-trade services. We
More informationTreasury transformation for globalising Chinese corporates
Treasury transformation for globalising Chinese corporates Challenges faced by Chinese corporates As the second largest economy in the world, China has become an integral part of the global markets. As
More informationInvestor Day Asia Pacific Region. Jack Bowles
Investor Day 2015 Asia Pacific Region Jack Bowles Important notice This presentation in relation to British American Tobacco p.l.c. ( BAT ) and its subsidiaries has been prepared solely for use at this
More informationStandard Chartered Bank
Standard Chartered Bank Morgan Stanley Sixteenth Annual Asia Pacific Summit Anna Marrs Regional CEO, ASEAN & South Asia CEO, Commercial & Private Banking 0 Important Notice This document contains or incorporates
More informationBank of America Merrill Lynch The Future of Financials Conference. November 6, Citi Investor Relations
Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 6, 2018 Francisco Aristeguieta CEO, Citigroup Asia Pacific Agenda Franchise Overview Asia Institutional
More informationErste Financial Services GmbH (EFS)
(EFS) Credit Services Düsseldorf, November 2017 Risk & Rating Services Erste Financial Services GmbH Who we are Erste Financial Services We are an independent financial services company with offices in
More informationUK construction: margin pressure
UK construction: margin pressure Contents 3 5 Part 1 Strong headwind Part 2 Anticipating the storm 1 Research methodology EY analysed available accounts of the top 100 private and public UK construction
More informationImplementing the new liquidity risk management frameworks the lessons learned
Implementing the new liquidity risk management frameworks the lessons learned September 15 th, 2010 PwC Agenda 1) Linking liquidity management and liquidity risk management 2) Setting strategic objectives
More information2018 Half Year Results Six months to 31 March 2018
2018 Half Year Results Six months to 31 March 2018 Emilio Gonzalez CFA, Group Chief Executive Officer Cameron Williamson CA, Group Chief Financial Officer 10 May 2018 Welcome to Pendal Group s Interim
More informationInvestor Presentation H1 Interim Results. 21 August 2013
Investor Presentation H1 Interim Results 21 August 2013 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations
More informationWorldline H Results Worldline. Presentation to Investors September 2018
Presentation to Investors September 2018 Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth
More informationThird Quarter Financial Statements And Dividend Announcement For The Financial Period Ended 31 March 2018
SILVERLAKE AXIS LTD Third Quarter Financial Statements And Dividend Announcement For The Financial Period Ended 31 March 2018 PART 1 - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2, Q3 &
More informationAviva Pension Pacific Basin FP
Pension Fund December 2018 Aviva Pension Pacific Basin FP This factsheet provides factual information only. The information shown should not be used in isolation for making buying and selling decisions.
More informationUnilever Investor Event 2018 Graeme Pitkethly 4 th December 2018
Unilever Investor Event 2018 Graeme Pitkethly 4 th December 2018 SAFE HARBOUR STATEMENT This announcement may contain forward-looking statements, including forward-looking statements within the meaning
More informationTrading Services for Institutions and Professionals
Forex, Commodities & CFDs Trading Services for Institutions and Professionals One Provider For All Your Requirements: TECHNOLOGY LIQUIDITY SUPPORT EXECUTION www.icmcapital.co.uk Table of Contents 1. Introduction
More informationBUILDING A BOLD AND SUSTAINABLE FUTURE
BUILDING A BOLD AND SUSTAINABLE FUTURE 2018 HALF YEAR RESULTS 7 AUGUST 2018 PRESENTED BY: CHAIRMAN MARTIN LAMB CHIEF EXECUTIVE KEVIN HOSTETLER FINANCE DIRECTOR JONATHAN DAVIS Keeping the World Flowing
More informationBank of America Merrill Lynch The Future of Financials Conference. November 14, Citi Investor Relations
Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 14, 2017 Naveed Sultan Global Head of Treasury & Trade Solutions Agenda Strong Foundation for Growth Technology-Driven
More informationGeneral Shareholders Assembly
BRD General Shareholders Assembly BRD stand alone, according to IFRS Banking and economic environment Macroeconomic Scenario In 2015, GDP growth reached 3.7%, sustained by domestic demand and investments.
More informationKeeping BT ahead of the game
Keeping BT ahead of the game Q2 and half year results 2007/8 November 8 th 2007 BT Group plc Sir Michael Rake - Chairman BT Group plc Ben Verwaayen - CEO Forward-looking statements - caution Certain statements
More informationZumtobel Group AG FY 2014/15 results
Zumtobel Group AG FY 2014/15 results June 24, 2015 1 24 June 2015 Annual Results 2014/15 Improvement in revenues and earnings, restructuring measures on track Financials FY 2014/15 at a glance Group revenues
More informationGroup s total subscriber base expanded to 120 million, up 34% from a year ago.
MEDIA RELEASE Axiata More than Triple Profits, surging 232% YoY to RM1.65 Billion - Group exceeds all targets and turns free cashflow positive for the first time - Celcom records one of its best quarters
More informationDELIVERING GROW TH TH ROUGH IN NOVATION. w w w.bat.com/annualrepor t
2 0 1 0 S U M M A R Y DELIVERING GROW TH TH ROUGH IN NOVATION w w w.bat.com/annualrepor t From the Chairman The inherent strength of your Company s business, with its worldwide reach, its balanced portfolio
More informationInformation is available in large print, audio and Braille formats. Text Relay service number 18001
Jon Thompson Chief Executive Officer & First Permanent Secretary Nicky Morgan MP Chair of the Treasury Select Committee House of Commons Committee Office London SW1A 0AA 04 June 2018 Dear Nicky Morgan
More informationPRODUCT OVERVIEW. The ClearCompress Service: A New Level of Compression Optimisation
PRODUCT OVERVIEW The ClearCompress Service: A New Level of Compression Optimisation ClearCompress Service Compression activity has increased significantly since 2014, driven by a combination of new regulations
More informationALLFINANZ Digital New Business & Underwriting
Digital New Business & Underwriting Transform underwriting into a sales enabler and profit driver Life Group Health Disability www.munichre.com/automation-solutions Digital New Business and Underwriting
More informationFund Processing Standardization
Fund Processing Standardization Tracking industry progress EFAMA SWIFT FPS report, May 2009 1 Table of Contents 1. Report highlights...4 1.1. Scope...4 1.2. Standardization rate evolution...4 1.3. Variation
More informationZumtobel Group AG Q1 2018/19 & Strategic Outlook. September 2018
Zumtobel Group AG Q1 2018/19 & Strategic Outlook September 2018 AGENDA Q1 2018/19 financial results Corporate Strategy Outlook ) Q1 2018/19 results & strategic outlook 04.09.2018 2 Stabilisation measures
More informationFull-year ended 31 December 2013
Full-year ended 31 December 2013 1 2013 Headlines Market share growth across all three regions Solid earnings growth Price/mix improvement due to stronger commercial execution Efficiency improvements across
More informationINTERNATIONAL TAX SOLUTIONS OVERVIEW
THOMSON REUTERS ONESOURCE INTERNATIONAL TAX S OVERVIEW PILLARS OF INTERNATIONAL TAX EFFECTIVENESS INTERNATIONAL TAX RESEARCH CHECKPOINT WORLD RESEARCH Checkpoint World Orbitax PROCESS WorkFlow Manager
More informationPreliminary Results 2013 Imperial Tobacco Group PLC
Preliminary Results 2013 Imperial Tobacco Group PLC 5 November 2013 1 Disclaimer Certain statements in this document constitute or may constitute forward-looking statements. Any statement in this document
More informationSeeing Cash More Clearly with UniCredit. by Marco Bigatti, Group Treasurer & Chief Accounting Officer, Luxottica Group
Seeing Cash More Clearly with UniCredit by Marco Bigatti, Group Treasurer & Chief Accounting Officer, Luxottica Group Leading eyewear group Luxottica has had a relationship with UniCredit in Italy for
More informationHenkel Roadshow Presentation. As of November 2017
Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Statements with respect to
More informationCOMPIRICUS & DOMINION BOND ISSUANCE MANAGEMENT WITH SAP TRM. Dallas, TX,
COMPIRICUS & DOMINION BOND ISSUANCE MANAGEMENT WITH SAP TRM Dallas, TX, 10-28-2015 2 AGENDA Introduction US Bond Issuance Market and System Requirements SAP TRM Functionality SAP TRM Implementation at
More informationUnilever First Half 2018 Results. Paul Polman / Graeme Pitkethly 19 th July 2018
Unilever First Half 2018 Results Paul Polman / Graeme Pitkethly 19 th July 2018 SAFE HARBOUR STATEMENT Where relevant, these actions are subject to the appropriate consultations and approvals. This document
More informationStrengthening the Governance of Climate Change Finance to Enhance Gender Equality
Strengthening the Governance of Finance to Enhance Gender Equality Unlocking the sustainable development potential of climate finance in Asia Pacific International and domestic funding to address the impacts
More informationHalf Year results and outlook
PRESENTATION TO INVESTORS & ANALYSTS Half Year results and outlook David Banfield - Group CEO Jannine Mountford - Group CFO 1 March 2018 For 6 months 1 July 31 December 2017 New Zealand tapware underperforms,
More informationFull-year 2008 Results. February 19, 2009
Full-year 2008 Results February 19, 2009 Disclaimer All forward-looking statements are Schneider Electric management s present expectations of future events and are subject to a number of factors and uncertainties
More informationBarriers to implementing a quarterly rolling forecast
Barriers to implementing a quarterly rolling forecast (extract from Pareto's 80/20 Rule for the Corporate Accountant published by John Wiley & Sons Inc ISBN: 978-0-470-12543-4) By David Parmenter (davidparmenter.com)
More informationVTB Group Quality Growth Strategy Highlights
VTB Group 2014 Quality Growth Strategy Highlights Yulia Chupina / Deputy President and Chairman of VTB Bank Management Board Herbert Moos / Deputy President and Chairman of VTB Bank Management Board April
More informationPowering Investment Success
Powering Investment Success November 14, 2011 2011 Investor Day Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to your questions are forward-looking
More information