Corporates around the world, especially in Europe and the US, face a number of difficulties that make their working environment more difficult than it was during the financial crisis of 2008–2009. Lenders and investors are once again confronted with widespread and severe credit deterioration across sovereigns, corporates, and other sectors as a result of the difficulties of COVID-19. Credit analysis is becoming more difficult due to a confluence of factors including high cost inflation, significantly higher energy prices, higher and rising interest rates, political unpredictability, worsening geopolitical threats, and declining consumer demand. The degree of ambiguity and upheaval appears destined to stay high for some time. In order to prevent credit losses and generate an optimal risk/reward profile from their exposures, it is even more crucial for creditors and investors to have a solid understanding of how to analyze a variety of credit risks.
At the end of this course, participants will be able to know:
How to use a structured method for corporate credit analysis
How to do in-depth financial risk analysis
How to calculate important credit ratios
How to use Excel for financial modeling and forecastingHow to use sensitivity analysis
How to analyze structural elements including ownership, double leverage, structural subordination, and contractual subordination about credit ratings and how they are determined how to analyze the effect of corporate finance activities on credit quality
How to model and analyze leveraged buyouts? Credit documentation and important covenants
Sell-side credit analysts
Analysts of credit counterparty risk
Managers of fixed income funds
Buy-side credit analysts in asset management
Sell-side debt capital market executives
investors in banks
Trades in fixed income and credit
People who sell credit or fixed income
Private equity professionals
Treasurers
Equity strategists and analysts
Internal auditors and compliance officers
Sales of equity and traders
Lawyers for corporate finance
Credit analysis: What is it?
How are credit risk and quality assessed?
sources for paying off debt
establishing a structure for credit analysis
Income statement analysis from a credit perspective
forecasting and analyzing revenue
What are the main sources of revenue and what are the risks?
What are the major cost factors, their trends, and risks?
Variable and fixed costs
Currency, interest rate, and commodity hedging effects
Dealing with extraordinary items, gains/losses from hedging, restructuring charges, "one-off items," gains/losses from disposals, etc. to determine underlying EBITDA
Identifying financial costs and income
The effects of IFRS 16 Addressing concerns relating to equity-accounted businesses and NCI taxes
In case studies, essential operational and financial ratios (margins, interest cover, and dividend cover ratios) are calculated and analysed.
Net financing expense and tax paid are subtracted to arrive at net operating cash flow.
Defining investment spending cash flow in terms of gross and net
How to define cash flow from financing operations
Does the company produce enough cash flow to pay off debt and support capital expenditures?
Do recent investments increase value?
How are cash flow problems resolved?
Is the company giving too much money to its shareholders?
Updating the cash flow statement to reflect CADR
Balance sheet analysis from a credit perspective
Policies for combining
How the asset base is structured
PP&E, intangibles, entities with equity accounts, and investments are examples of current assets.
Because supervisory levels are the link between the executive and senior management levels, achieving the organization's objectives, increasing productivity and overall performance of the organization, affects the effectiveness and efficiency of supervisors' performance.
And because of the skills of supervisors in any organization in need of continuous development, and to acquire advanced tools and methods that reflect on the deepening of these skills and activate their role in motivating individuals working, and push them to commit to the goals of the organization.
You need this conference to learn about supervisory skills and advanced methods, to be able to play an effective and supervisory role in your organization.
In every organization, care is taken to manage risks, by seeking to eliminate those that can be removed, and reducing and managing the remainder. Part of this process involves developing robust contracts which apportion risk equitably and include a structure of indemnities with contractors, supported by a comprehensive insurance regime. In addition, it is important that contract personnel understand contractual risks and what insurance can (and cannot) do to remove the financial consequences of such risk; always remembering that insurance only mitigates the effect of risk, it does not make the risk itself go away.
A truth about life is our interdependence. Everything we accomplish within an organization is through the efforts of people working together. In spite of our technological advances, our competitive advantage lies in our ability to work effectively with other people.
This course is designed to provide leaders and professionals with a set of transformational tools and techniques to help them maximize their own and their team’s creative potential in a strategic context. Its starting-point is self-discovery: participants will work on the inside first and then focus outwards to impact on the world of business.
A company plan gives the entire organization a vision and a course to follow. All employees inside a corporation must have distinct objectives and adhere to the organization's direction or mission. This vision can be provided by a strategy, which also keeps people from losing sight of the objectives of their organization.
Inspirational leadership is a highly creative and intrinsically interpersonal activity to which people positively respond. As a leadership style, it demands that leaders employ their strengths with effect, where behaviors and values are paramount and where trust is established. This structured program seeks to explore the personal traits that make leaders inspirational in the context of their organization's strategy and culture. It offers a learning experience in which tools and techniques are employed to build leadership capability and a strategic response to the challenges of the role.