The Great Recovery
Taal: Engels 

Whilst economies worldwide are recovering, uncertainty around the future remains high. The peaking inflation, the lasting impact of the virus, the increased debt burden, changes in consumer preferences like working from home and stronger emphasis on corporate responsibility all influence the future. Trajectories differ amongst geographies, depending on policy and demographic characteristics. What can we expect, what do we look for in order to make sense of what’s going on? Marieke takes you through the economic developments globally and looks at the implications for corporates.

Speaker: Marieke Blom, Chief Economist ING Nederland

Crypto: Bust or Boom? 
Enigma Consulting
Taal: Nederlands

Crypto’s en digitale currencies worden met de dag belangrijker. Dagelijks publiceren financiële bladen over dit onderwerp en miljardairs en beroemdheden tweeten over hun nieuwste crypto-investeringen,  waardoor de markt voor cryptocurrencies nog nooit zo spannend is geweest. De huidige cryptomarkt heeft een kapitalisatie van meer dan $ 2000 miljard, en institutionele beleggers beginnen steeds meer te profiteren van deze volatiele markt. Tegelijkertijd wordt regelgeving verstevigd om grip te krijgen waardoor de toekomst onzekerder wordt. Hoe moeten treasurers omgaan met deze uitdaging en moeten ze crypto’s als een nieuwe assetclass gaan beschouwen?

Enigma Consulting ondersteunt veel crypto-exchanges met hun licentie om in Europa te opereren. Onze cryptospecialisten zullen inzicht geven in de achtergronden van de verschillende currencies en leggen de impact van nieuwe regelgeving zoals Markets in Crypto Assets (MICA) en initiatieven zoals Central Bank Digital Currencies uit

In dit college worden potentie, verschillen en ontwikkelingen uitgelegd, wat treasurers een uitstekende basis biedt om hun keuzes te maken in deze “nieuwe wereld”.

Sprekers: Erik van der Leer en Sean Hitchcock

Crisis Management: Turn to Banks or Capital Markets?

Taal: Engels 

Financing and liquidity are at the heart of every Treasurer’s responsibilities. While for some companies working capital was ramping up during the COVID-19 crisis, for many other companies (expected) cash flow was impacted significantly during the lock down period. Also, visibility on the length and future impact of this crisis has become very difficult. Additional and alternative sources of funding were hastily explored by most CFO’s and Treasurers. Questions came up like ‘How much additional liquidity do we need and when do we need it?’ ‘How do we deal with the lending covenant management with our banks?’ ‘What is the best way to attract new funding? Are the state support facilities an option? Should we tap the capital markets?’ While many banks are supportive to increase working capital lines, they also look at shareholders to take their responsibility and chip in.

John and Maarten, ABN AMRO experts of Capital Structuring & Advisory and Equity Capital Markets, will guide you through all the immediate considerations and actions that companies may take in times of crisis. They will discuss the considerations of healthy liquidity and capital planning, as well as the approach towards banks and or Capital Markets. They will take you through a ‘one for one’ on the various liquidity scenarios, starting with a fundamental kick off: How to perform a ‘Mind the Gap Analysis’? Based on various characteristics of a treasurer’s company: Which key decisions to make around attracting new debt or new equity? Or a mix of new debt and new equity? What are the considerations to tap the equity capital markets (early)? What are typical structures, what does the process entail and do you always need shareholder approval? Would it make sense to in advance ask for a broader authority from your shareholders to raise new equity? 

John and Maarten will address various examples and elaborate on concrete case studies of companies that recently underwent this process and successfully raised funding.

Speakers: John Heijning, Head of Capital Structuring & Advisory, and Maarten Blomme, Co-Head of Equity Capital Markets.  

Sustainable Finance 3.0
Taal: Nederlands (eventueel Engels)

The integration of sustainability in finance has gotten new drivers that are speeding up the entire process while also shifting the overall direction. Having migrated from being a fringe element in the finance space to becoming more mainstream, sustainable finance is set to become a need-to-have rather than a nice-to-have. Legislators have realized a lot of progress on the creation of new guidelines and laws (e.g. the EU Taxonomy on green assets) with the aim to increase sustainable finance. At the same we also see that financial regulators are also increasing their activity in this field and contributing to the formalization of the new rulebook on sustainable finance. This talk will discuss these developments (including the emergence of a ‘brown taxonomy’) and show what these will mean for the way business will be financed going forward.

Speaker: Margot d’Ancona–Roesink (Global Head Sustainable Finance) & Daniel Poolen (Rabobank Director Sustainable Capital Markets)

From 18:45 – 20:15 there is an informal buffet. From 17:00 guests are welcome to enjoy an aperitif around the stands on the exhibition floor.