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PwC / Perfetti van Melle

The implementation of a cash management solution based on SWIFT 11 November 2011

Agenda
Cash & liquidity management SWIFT for corporates Implementation at Perfetti van Melle Q&A (PwC) (PwC) (PvM) 5 minutes 5 minutes 30 minutes 5 minutes

Cash Management /SWIFT PwC

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Todays Corporate Treasury focus is on cash & liquidity management topics and the tools and technology to support these and the tools & technology required to support these (including Cash flow forecasting Working capital management SWIFT, in-house policies Bank relationship management Reviewing/improving risk management
In-house banking Payment factories SWIFT connectivity New technology/systems Credit risk management tools SEPA Shared service centers Global banking Partnering with the business Commodity risk management Supply chain financing Enterprise wide risk management Innovative financial instruments/structured finance Bank industry consolidation IFRS US GAAP convergence Webservices Additional regulations following the financial crisis Outsourcing Other, please specify Weather derivatives 0% 10% 20% 30% 40% 50% 60%

Source: 2010 PwC Global Corporate Treasury Survey Cash Management /SWIFT PwC 11 November 2011 3

After securing funding, Treasurers are nowadays mainly focussing on two CM objectives
1) Visibility and control over cash
- Increase visibility of Groups cash position including reporting frequency thereof - Reduce risks (concentration, counterparty and operational)

2) Improve bank relationships and bank partner structure

- Increase negotiation position - Reduce bank, funding and transaction costs

Increase Bank Relationships

More sources of funding Diversify Counterparty Risk
Cash Management /SWIFT PwC

Decrease Bank Relationships

More business to less banks =

Tier 1 status = Funding & Best Pricing

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Cash Management reporting is shifting to more robust, more frequent and more extensive
Cash developments per period Cash concentration per country or region Cash concentration per counterparty Type of cash: oa. Trapped cash, restricted, pledged. Cash per currency . .

Cash Management /SWIFT PwC

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We consider SWIFT as one piece in a holistic solution in the Corporates journey to Treasury centralization
Insert picture SWIFT pagina

Cash Management /SWIFT PwC

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SWIFT usage by Corporates increasing, but..

France as main contributor 2nd Tier countries: US, GB, GE, CH Top 3 sector: Automotive,software,food

22 Corporates in Nederland (Sept 11)

Cash Management /SWIFT PwC

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SWIFT usage by Corporates, some statistics

Cash Management /SWIFT PwC

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Now we move on to Perfetti van Melles Cash Management / SWIFT case

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