Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ
Kuwait Projects Company Holding (K.S.C.P.) — Kuwait Projects Company (Holding) (KIPCO) — CFO Conference, Kuwait 2011
17 slides from Kuwait Projects Company Holding (K.S.C.P.)'s conference presentation, October 2011
Slide 1: Enterprise Performance Management
Presented by Mr. Pinak Maitra, Group CFO, KIPCO, at the CFO Conference, Kuwait, Oct 2011 Enterprise Performance Management
Slide 2: Disclaimer
Disclaimer Disclaimer The views and opinions expressed in the following presentation are those of the individual presenter (Mr. Pinak Maitra, Group CFO, KIPCO) and should not be attributed to Kuwait Projects Company (Holdings) (“KIPCO”), its directors or employees, or any organization with which the
Slide 3: What are CFOs/Senior Management Team worrying about
What are CFOs/Senior Management Team worrying about Maintaining liquidity Achieving financial targets Unpredictability of rating agencies Balancing risk and reward Mergers and Acquisitions Business strategy Internal & external stakeholders Dialogue and trust of financial analysts CFO Mid-East Strate
Slide 4: Key Priorities of Top Ranked CFOs
Key Priorities of Top Ranked CFOs Taking aggressive action to ensure their companies • Survive downturn • Be in a position to increase their market share when the economy recovers (Institutional Investor Survey) Strengthening cash and liquidity position Global expansion (Sept 26, 2011 BDO Survey) Gr
Slide 5: Qualities CEOs Value Most in CFOs
Qualities CEOs Value Most in CFOs Qualities CEOs Value A. B. C. Analytical Strategic Leadership Thinking Planning CFO Mid-East Strategies 5
Slide 6: Enterprise Performance Management (EPM)
Enterprise Performance Management (EPM) What is EPM : A framework that enables management to link strategies to goals, monitor execution and drive enterprise-wide performance improvement for the benefit of all stakeholders ENTERPRISE INTERNAL M Strategy EXTERNAL M Budgeting & Profitability EPM is A
Slide 7: GOAL of EPM
GOAL of EPM Provide High Degree Of PREDICTABILITY and ASSURANCE On Future Performance Resulting in closing the gap between strategy and execution CFO Mid-East Strategies 7
Slide 8: Essentials of Good EPM
Essentials of Good EPM Good EPM Balances Follows KISS Between Principle Facts And Faith Incorporating Process And Tools People Close To Integrated At Action Many Levels Does Not Look At Last Year Performance To Predict Next Year Results CFO Mid-East Strategies 8
Slide 9: Domains in EPM
Domains in EPM Domains in EPM B. Planning, budgeting and A. Strategy management forecasting C. Profitability and Cost D. Financial close and Reporting management Leads to Improved Performance Management CFO Mid-East Strategies 9
Slide 10: A. Strategy Management
A. Strategy Management An organization must have a clearly defined vision and mission which it strives for A well-articulated simple strategy aligned at different operational levels is a pre-requisite for success Seasoned senior management team’s ability to remain focused on critical drivers of stra
Slide 11: B. Planning, Budgeting and Forecasting
B. Planning, Budgeting and Forecasting Components For Effective Planning B3. Includes B4. B1. B2. Both Scenario Flexible And Grounded In Tangible Planning Dynamic Analytics And And Analysis Intangible CFO Mid-East Strategies 11
Slide 12: B. Effective Planning in Detail
B. Effective Planning in Detail B1 B2 Flexible And Dynamic Grounded In Analytics Using more analytics: High performing Understand the drivers of revenues and companies use 5 times more analytics than a costs and ensure they are in consort with typical company what is happening in industry and market
Slide 13: C. Profitability and Cost Management
C. Profitability and Cost Management Make sure you focus on the 80/20 rule Ensure that budget holders of key revenue and cost items own them Build agility culture to ensure that costs are adjusted rapidly on declining revenue visibility Understand the key business drivers practically Creating health
Slide 14: D. Financial Closing & Reporting
D. Financial Closing & Reporting How Can You Create Legacy Month end reporting within 3 days Year end reporting within 15 days Make sure you know the smartest team in audit firm you are dealing with Always do your best to avoid surprise Thin down your monthly reporting pack Have a 3 year reporting i
Slide 15: What is Changing
What is Changing Volatility is becoming the new norm 80:20 rule - Discipline becoming essential Requiring EPM system to operate on real-time or better basis CFO value add role demands consuming more time Collaboration between CFO & senior management team becoming key CFO Mid-East Strategie
Slide 16: What is Constant
What is Constant Skills possessed by the most successful CFOs Leadership Skills Management Skills Personal Qualities Execution Qualities High integrity Speed of execution Good listener Good businessmen Thought leader Giving recognition freely Good communicator Attract best staff Positivity and persi
Slide 17: THANK YOU
THANK YOU CFO Mid-East Strategies 17
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