liberty global for zanders ebam seminar, november 13th, 2012
DESCRIPTION
Zanders Ebam Seminar - Reduce costs and increase efficiency with EbamTRANSCRIPT
Zanders Ebam Seminar Reduce costs and increase efficiency with Ebam
November 2012
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Agenda
Liberty Global Intro
Treasury Landscape
Bank Communication
Why Sungard
Results Zanders Ebam Seminar | November 2012
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Liberty Global Footprint(1)1
THE AMERICAS EUROPE
Countries 13
Homes passed 34 mm
Customers 20 mm
Service subscribers (RGUs) 34 mm
(1) As of June 30, 2012.
Zanders Ebam Seminar | November 2012
LGI Simplified Structure(1) (1)
Liberty Global, Inc.
LGI International, Inc.
Liberty Global Europe
UPC Holding BV
(Senior Notes)
UPC Broadband Holding BV
(Credit Facility) (Sr. Secured Notes)
UPC Assets
VTR
(80.0%)
Unitymedia KabelBW GmbH
(Senior Notes)
Unitymedia Hessen / Unitymedia NRW
(Credit Facility)
(Sr. Secured Notes)
Chellomedia Programming BV
Telenet
(50.4%, Credit Facility)
(Sr. Secured Notes)
VTR 4G
(Delayed Drawn Facility)
Liberty Cablevision of Puerto Rico
(Credit Facility)
1) Ownership percentages as of June 30, 2012. Eliminates intermediate holding companies and ending subsidiaries.
4 Zanders Ebam Seminar | November 2012
LGI Capital structure in Figures
• Market Cap 2 Aug: $13.7bn
• $26.5bn Gross Debt (inc CLAs of $1.4bn per Q3 2012)
• Approximately 90% matures 2017 and beyond
• Liquidity position per Q2 ~ $3.3bn
(1) Includes Puerto Rico & LGI and non op subsidiaries
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UPC$12.4
Germany$6.6
Telenet$4.4
Other$1.5
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Agenda
Liberty Global Intro
Treasury Landscape
Bank Communication
Why Sungard
Results Zanders Ebam Seminar | November 2012
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Treasury Operations
Reporting
Consolidated Cash Position
Consolidated Debt Position and Forecast
Debt Maintenance & Financial Risk Management
Interest rate, Fx and Liquidity risk
All debt and derivative related payments (interest/principle/fees)
Covenant tracking and reporting
Deal execution
Financial market executions done by CT
FX trades by subsidiaries to be executed with CT
Cash Management & Investments
Excess cash at subsidiaries is upstreamed and invested by CT
CT funds subsidiaries subsidiaries whenever necessary
(1) Please see Appendix for the definitions and information including the reconciliations where applicable on organic RGU additions, rebased growth, OCF and Adjusted FCF.
Zanders Ebam Seminar | November 2012
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Agenda
Liberty Global Intro
Treasury Landscape
Business Challenge
Why Sungard?
Results Zanders Ebam Seminar | November 2012
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Business Challenge
Local Bank
Relationships
• 14 operating entities
• 10 sub - entities
• 60 bank relationships
• >500 accounts globally
Cross Company
Signers
•>150 signers globally
•Authorizing policies setup
locally
•80% Local authorizers
•Global and cross border
singers on various bank
accounts
Corporate Treasury
•Visibility of bank
accounts
•Centralization of cash
management
•More intense auditing
processes
•Global bank account
management
Zanders Ebam Seminar | November 2012
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Process Improvement
Local Finance
department Corporate Treasury
• Update Bank
accounts
• Update signing
rules
Sungard Ebam
Real Time
bank account
information
Approval of
changes
Current
Situation:
Always outdated
Improved
Situation:
Real time insight
Local Finance
department Corporate Treasury
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3
• Creating bank account opening form
• Signing and returning the form
• Quarterly bank account overview including signatures
• Reviewing and update corporate mandate overview
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4
4
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2
3
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Zanders Ebam Seminar | November 2012
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Additional Features
Auditing
• Completeness
• Consistency
• Transparency
• Up-to-date
Central Bank account
management
• Bank form storage
• Bank contact details
• Mandate management
• Increased control
E-bam
• Future proof
• Faster processes
• Transparent processes
• Independent of location
Ebam helps Liberty Global to increase the quality, the efficiency and the
effectiveness of global bank- and cash management.
Zanders Ebam Seminar | November 2012
12
Agenda
Liberty Global Intro
Treasury Landscape
Business Challenge
Why Sungard?
Results Zanders Ebam Seminar | November 2012
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Why Sungard?
Experience
- Quantum
- Risk
- SGN Portal
Managed services
- Good support for all existing products.
- Overlap with existing support employees
Ease of use
- Ebam allows for full electronic processes
- Supportive Reporting features
Reliability
- Current Sungard solutions work according to expectations
- Auditors have confidence in Sungard’s approach to confidential (company and
personal) data
Zanders Ebam Seminar | November 2012
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Agenda
Liberty Global Intro
Treasury Landscape
Business Challenge
Why Sungard?
Results Zanders Ebam Seminar | November 2012
15
Results
Direct costs
• Relatively low investment
• Marginal monthly fee
Direct savings
• Replacing Account
Compliance
• Removing manual
process back-offices
• Removing red tape in
Treasury process
Indirect savings
•Less time spend for
auditing and answering
auditors questions
•Less pressure on
operational responsible
in entities
Liberty Global has identified cost savings by using Ebam, but the increase in
efficiency and control of Corporate Treasury was the deciding factor
Zanders Ebam Seminar | November 2012