Corporate Finance and Debt Management applied to Treasury

Corporate Finance is key in creating value in an organisation and has an impact at many levels. It is critical for Finance/Accounting and Corporate Treasury professionals to understand how the financial strategy of their organisation is cascading down and how they can contribute.

Upon completion of this introductory course, participants should be able to:

• Understand what Corporate Finance is and how it can add value to an organisation

• Have an insight on how Debt and Equity are managed in organisations

• Be familiar with the way organisations finance their subsidiaries

• Be aware of valuation and investment appraisal techniques, especially in the context of Mergers and Acquisitions

• For all of the above, understand how Finance/Accounting and Corporate Treasury staff can contribute at all levels of the organisation

Introduction

• What is Corporate Finance ?

• Shareholders value

Capital Structure (Debt /Equity)

• Time Value of Money

• Risk Premium

• Weighted Average Cost of Capital (WACC)

• Is there an optimal Capital Structure (Debt /Equity)?

Debt Management

• The Key Questions (Amount of borrowing ? Long Term or Short Term Debt ? Fixed or Floating Debt ? Currency ? Types of debt instruments ?)

• Negotiating terms and conditions and avoiding their traps

• Zooming on syndicated Revolving Credit Facilities (RCF)

• Zooming on bond issues

Equity Management

• Equity issues

• Dividend payout policy

• Share buybacks

Intercompany Financing

• Equity injection or debt ?

• External debt ?

• Dividend repatriation

Financial communication

• Investors relations – Earnings Calls

• Rating agencies

• Financial Statements

Investment Appraisal

• Capital Budgeting techniques and the hurdle rate

Mergers and Acquisitions

• Valuation – Discounted Free Cash Flows (DCF) – Multiples

• The process (Strategic Filter, Modelling, Due Diligence, Share Purchase Agreement negotiation, Closing, Integration)

For all of the above, the role of Finance/Accounting Staff and Corporate Treasury

Finance/Accounting and Corporate Treasury professionals.

Presentation of concepts using slides and review of practical examples

At the end of the training, the participants will receive a Certificate of Attendance delivered by the House of Training.