Herzlich willkommen zum - DerTreasurer · Installation of the 2000th Nordex turbine 2003...

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Herzlich willkommenzum

VERANSTALTER MITVERANSTALTER


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Classification: Confidential

Nordex Group

24. Juni 2020, 14:00 bis 15:00 Uhr

Treasury-Infrastruktur in Zeiten von Corona

Treasury-Infrastruktur in Zeiten von Corona


2

Who We Are – Key Figures in Recent Years

Who we are

GROWTH PATH INTERRUPTED BY TRANSITION PERIOD

Main financial targets for 2020: guidance for the financial year was withdrawn on 5 May, 2020 due to the unknown business impact of the coronavirus pandemic

(in EUR million) 2015 2016 2017 2018 2019

Sales 2,430.1 3,395.0 3,077.8 2,459.1 3,284.6

EBIT 126.2 168.6 43.4 -54.2 -19.6

EBITDA 182.4 285.5 200.7 101.7 123.8

Free Cash Flow 94.6 -254.8 -54.7 44.0 -126.0

Equity Ratio 31% 31% 33% 23% 18.6%

Employees (YE) 3,336 5,129 5,260 5,676 6,880

Order Intake 2,470.9 3,302.2 2,216.1 3,637.3 4,415.0

Webinar – Nordex Treasury Infrastructure


3

Who We Are – Combined Experience and a Proven Track Record of Industry-leading Products

Who we are

First company worldwide to produce a MW-classturbine

1995

Founding of Nordexin Denmark

1985

Installation of the 100th Nordexturbine

1999

Installation of the 2000th Nordex turbine

2003

Commencement of industrial rotor blade production

2001

Completion of the world’s first series multi-MWturbine

2000

First AW 60/1300prototype

2000

Opening of the wind turbine assembly in Barásoain, Spain

2003

Start of the seriesproduction of the AW 1500

2005

Opening of production facility in US

2007

Introduction of the AW 3000

2008

Launch of Gamma generation

2010

Industrial Implementation in Brazil with the opening of hub production plant

2013

Launch of Delta generation

2013

More than 2000 MW of the AW 3000 platform sold

2014

Nordex and AccionaWindpower become one company

2016

Opening of first assembly plant in India

2016

Launch of 4 MW product series Delta4000

2017

Launch of N133/4.8 for strong wind sites

2018

Launch N155/4.5Entry into the 5 MW ClassLaunch N149./5.X andN163./5X

2019



4

What We Do – Core Business & Products

Who we are

MORE THAN A MANUFACTURER: YOUR PARTNER ALONG THE WHOLE VALUE CHAIN

Project Development, Marketing, Financing

Wind Farm System Planning

Production and Technical Implementation

Installation and Commissioning

Services and Maintenance

› Selection of location

› Ownership

› Optimal siting

› Wind measurements

› Soil survey

› Sound/shade emission

› Economic viability

› Grid connection

› Special purpose registration

› Environmental permitting

› Building permitting

CIVIL WORKS

ELECTRICAL INFRASTRUCTURE

INSTALLATION & COMMISSIONING

SERVICEPLANNING AND DELIVERY

PROJECT DEVELOPMENT

› Leading company in France

› Also active in India

› Review of customer micro-site planning

› Support customers in receiving approvals and to optimise park layouts

› Turbine delivery

› Assemble WTG

› Produce selected components (blades, control systems)

› Install onsite

› Carry out initial operation

› Our services range from selling the equipment, to turnkey projects and complete wind farm development

› Providing high quality Service to minimize downtime and maximize yield



5

Where We Are – Track Record

Where we are

MORE THAN 28,877 MW INSTALLED WORLDWIDE

SPAIN

FRANCE

PORTUGAL

ITALY

CROATIA

GREECE

UK

2,043 MW

2,329 MW

421 MW

745 MW

141 MW

191 MW

1,468 MW

937 MW

4,520 MW

461 MW

12 MW

100 MW

8 MW

23 MW

5 MW

IRELAND

GERMANY

POLAND

CZECH REPUBLIC

ROMANIA

BULGARIA

LUXEMBOURG

AUSTRIA

NORWAY

SWEDEN

FINLAND

DENMARK

BELGIUM

NETHERLANDS

ESTONIA

LITHUANIA

190 MW

537 MW

593 MW

152 MW

80 MW

328 MW

18 MW

70 MW

ARGENTINIA

CANADA

USA

MEXICO

COSTA RICA

PERU

COLOMBIA

BRAZIL

URUGUAY

CHILE

360 MW

203 MW

4,782 MW

1,172 MW

50 MW

132 MW

20 MW

1,185 MW

309 MW

288 MW

TURKEY

PAKISTAN

INDIA

CHINA

JAPAN

SOUTH KOREA

AUSTRALIA

EGYPT

SOUTH AFRICA

OTHERS (ROW)

2,112 MW

300 MW

78 MW

1,053 MW

73 MW

65 MW

371 MW

63 MW

563 MW

330 MW



6

Where We Are – The Nordex Group’s Production Footprint

Where we are

A TRULY GLOBAL SUPPLY CHAIN SET UP TO DELIVER, WITH THE LOWEST TOTAL LANDED COSTS,

TO EVERY MAJOR MARKET

Brazil›Nacelle›Blade›Tower (x2)

India›Nacelle›Tower›Blade

Germany›Nacelle›Blade

Spain›Nacelle›Blade›TowerMexico

›Tower›Blade

Argentina›Nacelle›Tower (x3)

Chile›Tower

South Africa›Tower

China›Smart Logistics›Blade (x2)

Turkey›Blade



7

Focus, Task & Figure Talking

Treasury focus areas

› Payment Factory› Cash Management› IC Financing› MM/FX Management› Global Treasury

Accounting Support Services

› Debt Administration› Bank Bonds (inbound

& outbound)› PCG Management

› ~60 group companies › ~180-200 bank accounts› ~12bnEUR transaction

banking volume› ~ 25 currencies› Trapped/restricted cash

countries (AR/ZA/BR/IN)› 1bnEUR bond volume

outstanding over ~400 separate bonds



8

The Treasurer´s Nightmare

Treasury IT application landscape

Bank 1

Bank 2

Bank 3

Bank 4

Bank 5

local format1

local format2

local format3

local format4

local format5



9

Transaction Banking Infrastructure


Cen

tral

Paym

en

t Facto

ry

NXSEDEHHXXXTREASURY

MANAGEMENT SYSTEM

› Group wide rollout› 98% bank

statements (MT940)

› 90% group payment coverage

› Full scope of Treasury workaround


http://www.sap.com/index.epx

http://www.sap.com/index.epx


10

Trade Finance Infrastructure


Cen

tral

Bon

d A

pp

licati

on

BANK BOND APPLICATION

MANAGEMENT SYSTEM

› ALL 21 banks online

› Full fee calculation› Utilization

Management› Management

Reporting



11

Channels and Formats


Fin Messages

MT940 and MT942› 40% directly send to NXSEDEHHXX› 60% via EBICS via 2 Account Collection Banks

MT300 & MT320› For all FX Bank Counterparts MT300 for FX Deal

Confirmations and partially MM Confirmations

FileAct

ISO 200022› XML v3 and XML v2› SEPA DK and SEPA UNIFI › US ACH NACHA

MT101› For high value and manual payments (also in the US)

NXSEDEHHXXX

NXSEDEHHXXX



12

Lessons learned and Challenges


› KYC, FATCA, AML, Sanctions – paper based› Supporting documents for foreign payments› Central Bank regulations› Centralized execution of local public sector payments› Check payments (USA, Pakistan….)

› Concentrate on global key cash management banks› Consolidate scope of bank counterparties› Set-up mandatory Treasury IT requirements to banks

(prior account opening)

› You will never reach the 100% “catch-all-solution”› Go for the quick wins


13

Paper based Workaround


› Account Opening› Still a lot of paper

based documents › EBAM, KYC for

Swift Corporates as possible solution

› Bank confirmations› Every year end the

same paper based workaround for all bank accounts from Australia to Chile

› Confirmation.com ?

› Trade Finance› Handling of original

bank bond documents› Handling of LC

documents (invoice, bill of lading) not yet digitalized



14

Questions & Answers

Q&A

Severe restrictions to mobility implemented globally to “stop the

spread”

China locks

down Wuhan

23 Jan

30 Jan

WHO

declares

Covid-19* a

public health

emergency

Mid Feb

Curve in

China starts

to flatten,

slow

resumption

of work

23 Feb

Italy locks

down cities

with

clustered

cases

11 Mar

WHO

declares

Covid-19 a

pandemic

17 Mar

Most global

travel halted

and global

“social

distancing”

measures

3 Mar

Fed cuts

rates by

50bps

Development of confirmed cases since 23 Jan 2020

Sources:

Bloomberg VRUS page and related NCOV indices, as of 16 March 2020; Chart: Bloomberg; HSBC

Updates available on WHO website: who.int

Total: 51 participants responded to this question; webinar attendance 219 contacts from 200 corporates

HSBC Germany webinar 17 Mar 2020 - Client participant feedback

Human resourcesRemote working capacity

and healthcare support

Working capitalChange in payment terms

and inventory balances

Markets and risk managementImpact of FX, interest rate

and price volatility on

financial KPIs

Debt structure and leverageReview of existing

facilities and additional

financing requirements

M&A and competition

Impact on corporate

valuations & peer

group postions

Operations / logisticsOngoing supply to uphold

production and deliver on

committed contracts

Liquidity & Cash managementRevised planning and cash

availabilitly

Implications of Covid-19 related restrictions for corporates


Wie zufrieden sind Sie mit der Performance Ihrer Treasury-Management-

Infrastruktur unter den aktuellen Rahmenbedingungen der Corona-

Pandemie?*

37

48

9

2

5

sehr zufrieden eher zufrieden eher unzufrieden sehr unzufrieden weiß nicht/keine Angabe

* n=223; in Prozent der Befragten


Verfolgen Sie derzeit trotz der Corona-Krise Digitalisierungsprojekte im

Treasury?*

31

39

20

56

ja, in vollem Umfang

ja, aber mit neuer Priorisierung

nein, haben wir vorerst zurückgestellt, machen dann aber weiter

nein, haben wir komplett ausgesetzt

weiß ich nicht/keine Angabe


20

36

31

57

1 bis 2 Mitarbeitern = 24

ja, in vollem Umfang

ja, aber mit neuer Priorisierung

nein, haben wir vorerst zurückgestellt, machen dann aber weiter

nein, haben wir komplett ausgesetzt

weiß ich nicht/keine Angabe


* in Prozent der Befragten nach Mitarbeitern im Treasury

25

40

23

84

3 bis 5 Mitarbeitern = 63

46

43

83

6 und mehrn = 65

Verfolgen Sie derzeit trotz der Corona-Krise Digitalisierungsprojekte im

Treasury?*


Welche Art von Treasury- oder Payment-System nutzt Ihr Unternehmen

derzeit?*

4

6

26

27

34

56

weiß nicht/keine Angabe

Sonstiges

ERP-nahes System

Excel

bankeigene Systeme

System eines TMS-Anbieters

0 10 20 30 40 50 60

* n=223; in Prozent der Befragten; Mehrfachnennungen möglich•


* in Prozent der Befragten; Mehrfachnenungen möglich

Welche Art von Treasury- oder Payment-System nutzt Ihr Unternehmen

derzeit?*

1

3

23

37

46

47

0

11

32

25

28

72

9

7

28

20

20

72

0 10 20 30 40 50 60 70 80

weiß nicht/keine Angabe

Sonstiges

ERP-nahes System

Excel

bankeigene Systeme

System eines TMS-Anbieters

5 Mrd. Euro und mehr n = 39 1 Mrd. bis unter 5 Mrd. Euro n = 48

unter 1 Mrd. Euro n = 64


* n=223; in Prozent der Befragten nach Umsatz

34

20 19

0

5

10

15

20

25

30

35

40

Bellin Serrala SAP

unter 1 Mrd. Euron = 64

Führende TMS-Anbieter*

25 2523

0

5

10

15

20

25

30

35

40

Bellin Ion Group SAP

1 Mrd. bis unter 5 Mrd. Euro n = 48

36

23

15

0

5

10

15

20

25

30

35

40

Ion Group SAP FIS

5 Mrd. Euro und mehr n=39



48

34

18

Wir sind mit unserem TMS rundum zufrieden.

ich stimme zu 20

67

13

Planen Sie einen Wechsel des TMS-Anbieters?

Allgemeine Zufriedenheit mit den TMS-Anbietern*

ich stimme

nicht zu

weiß nicht/

keine Angabe ja

nein

weiß nicht/

keine Angabe


* n=45; Ranking der Antworten; Mehrfachnennungen möglich

Warum planen Sie einen Wechsel?*

Performance-/Qualitätsgründe

neue Funktionalitäten, die unser alter Anbieter nicht hat

Cloudfähigkeit/Arbeitsplatzunabhängigkeit

neue IT-Strategie

allgemeine Kostengründe

Fähigkeit, digitale Signaturen zu unterstützen

derzeitige Preisanreize und Vertriebsinitiativen der

Anbieter


Wohin geht aus Ihrer Sicht der Trend bei Finanzsystemen?*

35

57

8

All-in-one-Systeme (ERP)


weiß nicht/

keine Angabe

Best of Breed (Kombination

unterschiedlicher TMS-,

Payment- und ERP-Systeme)


Vielen Dank für Ihre Aufmerksamkeit!

Michael Mattig

Head of Global Treasury, Transaction & Inhouse Banking | Nordex SE

E-Mail-Adresse: [email protected]

Fabian Adler

Director, Senior Sales Manager Global Liquidity and Cash Management | HSBC Deutschland

E-Mail-Adresse: [email protected]

Herzlich willkommen zum - DerTreasurer · Installation of the 2000th Nordex turbine 2003...

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Transcript of Herzlich willkommen zum - DerTreasurer · Installation of the 2000th Nordex turbine 2003...