Valuation & Business Modeling Seminars Providing orientation, sharing knowledge, increasing performance

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1 Valuation & Business Modeling Seminars 2017 Providing orientation, sharing knowledge, increasing performance

2 Editorial Value-based management is a key function of corporate leadership. In recent years, a significant emphasis has been put on determining the adequate strategy and value of transaction-related matters such as acquisitions or corporate carve-outs. The importance of transparent and robust financial models also increased with regards to the preparation and presentation of investor information, tax optimization or compliance with accounting principles (IFRS/US GAAP). Hence, broadening your knowledge on company valuations and financial modeling is crucial if you are working in finance or business development. EY is very pleased to present various seminars covering specific aspects of company valuations and financial modeling. Our seminars effectively prepare participants for company transactions and introduce them to tools and analytical methods for day-to-day tasks in finance and business development. Our seminars provide theoretical knowledge and best practice approaches with high practical relevance. In addition, our seminars offer participants the opportunity for one-on-one discussions with other course members and our speakers. For more information please refer to the following pages. We would be excited to welcome you in person at one or more of our seminars. Overview 4 Financial Modeling in Excel 5 Valuation Dates, costs and admission Valuation Market Essentials Switzerland We offer standardized scalable Excel models Your trainers Hannes Schobinger, CFA Executive Director, Valuation & Business Modeling Marc Filleux, CFA Senior Manager, Valuation & Business Modeling 2 Valuation & Business Modeling Seminars 2017 Valuation & Business Modeling Seminars

3 Financial Modeling in Excel We support you in building reliable business models. Financial modeling is increasingly used as an important basis in the corporate decision making process, including: financial forecasting and budgeting; liquidity planning; evaluation of strategic options; M&A; impairment testing; purchase price allocations; variable compensation schemes. However, financial models are often not built according to best practice. Further, in many cases the diligence applied in building models is low compared to the financial implications of potential errors in these models. Key questions to be covered in this seminar include: How can financial models be clearly structured in Excel and be arranged to be less error-prone? How do they support management decisions best under uncertainty? Specifically, you will be guided through best practice approaches in terms of setting up financial models and managing the build process. You will also be able to enhance your Excel skills based on practical examples. After our seminar you will be capable of meeting challenges in financial modeling while better understanding and assessing existing financial models in your organization. We will not only teach you dry Excel skills but also share with you practical experiences and war stories. In this training, we will concentrate on fundamental aspects of building sound financial models. Theoretical parts will be completed by practical exercises and case studies. Improve your skills with our Financial Modeling course Valuation We support you in appropriately assessing a company s value. This seminar discusses approaches for valuing companies and builds on these by examining practical examples. A significant portion of our seminar will be dedicated to the discounted cash flow method and the market multiples analysis. Additionally, this seminar will focus on advanced valuation topics, such as discounts and premiums, valuation of intangible assets and the challenges in valuing start-ups. The aim is to eliminate uncertainties in valuation and to identify any potential scope for the interpretation of valuation ranges using specific practical examples. The broad range of valuation-related content regularly leads to interesting discussions among valuation experts. Precise tools for corporate valuation in our Valuation seminar In our seminar we cover different approaches and methods of valuing corporations and provide you with skills to plan and implement valuation projects effectively. 4 Valuation & Business Modeling Seminars 2017 Valuation & Business Modeling Seminars

4 Dates, costs and admission Valuation Financial Modeling German Date 2 nd November 2017 German Date 3 rd November am to 5 pm 8:30 am to 5 pm English Date 9 th November 2017 English Date 10 th November am to 5 pm 8:30 am to 5 pm We would be pleased to welcome you to one or several of our seminars. Registration and information: Sabrina Gloor, Phone: , sabrina.gloor@ch.ey.com Further information about our seminars can be found at: Combo package: Book both seminars (Valuation and Financial Modeling) for the price of CHF 2, Valuation & Business Modeling Seminars 2017 Valuation & Business Modeling Seminars

5 You always find the latest market data for valuations in our new flyer Valuation Market Essentials Switzerland We offer standardized scalable Excel models For day-to-day business situations we use modular Excel models that we tailor to our client s specific project situations. Valuation Market Essentials Switzerland as of 31 December 2016 Industry specific trading multiples: revenue EBITDA EBIT Cost of capital components: base rate/risk free rate industry specific capital structure industry beta credit spreads market risk premium Macro economic and sector data: inflation GDP growth EBITDA EBIT margins Impairment Testing IAS 36/ASC 350: recoverable amount, carrying amount, pre- and post-tax assessment etc. Purchase Price Allocation IFRS 3/ASC 805: consideration transferred/purchase price, contingent considerations, inventory and fixed asset valuation (net realizable value, depreciated net replacement cost), identification and valuation of intangibles (relief from royalty, multi period excess earnings), deferred tax liabilities, determination of goodwill etc. Discounted cash flow and multiple valuations as well as cost of capital models based on peer groups and interface to Capital IQ Integrated financial models on a monthly, quartely or yearly basis (income statement, balance sheet, cash flow statement) as well as detailed modeling of individual line items and financial dashboard Get the flyer here: Valuation-Market-Essentials-Switzerland/ 5. Share based compensation IFRS 2/ASC 718: employee stock options template based on several criteria (vesting, service, performance, market conditions) 8 Valuation & Business Modeling Seminars 2017 Valuation & Business Modeling Seminars

6 Experience and Expertise Your trainers Hannes Schobinger CFA Executive Director Marc Filleux CFA Senior Manager Jennifer Müller CFA Manager Stéphanie Chaumier CA Senior Manager Depending on the topics covered, we may invite other qualified speakers to our seminars. Our seminars are aimed at professionals operating in corporate finance, M&A, accounting, corporate development and risk management. Further information about our seminars can be found at: We would be pleased to welcome you to one or several of our seminars. Registration and information: Sabrina Gloor, Phone: , 10 Valuation & Business Modeling Seminars 2017 Valuation & Business Modeling Seminars

7 EY Assurance Tax Transactions Advisory About the global EY organization The global EY organization is a leader in assurance, tax, transaction and advisory services. We leverage our experience, knowledge and services to help build trust and confidence in the capital markets and in economies all over the world. We are ideally equipped for this task with well trained employees, strong teams, excellent services and outstanding client relations. Our global purpose is to drive progress and make a difference by building a better working world for our people, for our clients and for our communities. The global EY organization refers to all member firms of Ernst & Young Global Limited (EYG). Each EYG member firm is a separate legal entity and has no liability for another such entity s acts or omissions. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information, please visit EY s organization is represented in Switzerland by Ernst & Young Ltd, Basel, with ten offices across Switzerland, and in Liechtenstein by Ernst & Young AG, Vaduz. In this publication, EY and we refer to Ernst & Young Ltd, Basel, a member firm of Ernst & Young Global Limited Ernst & Young Ltd All Rights Reserved. CH Agency JDU ED None In line with EY s commitment to minimize its impact on the environment, this document has been printed on FSC -certified paper that consists of 60 % recycled fibers.