Corporate Finance and Debt Management applied to Treasury

Duration

8,00 hours(s)

Language(s) of service

Next session

Who is organizing this training?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

Who is the training for?

Finance/Accounting and Corporate Treasury professionals.

Goals

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