Asslam - CPA Week - Perth 13 June 2022Online Upload.pptx
1. 1
Thriving communities | Global force
100-TE-AD-0022_0
Evolution of business
operations: How advanced
data insights is enabling
finance teams to create
value.
Asslam Umar Ali
Manager Financial Performance Management
2. 2
Forward
Looking
Statements
Disclaimer
Important Notice
The purpose of this presentation is to provide general information about Fortescue Metals Group Ltd
(“Fortescue”). It is not recommended that any person makes any investment decision in relation to
Fortescue based on this presentation. This presentation contains certain statements which may constitute
“forward-looking statements”. Such statements are only predictions and are subject to inherent risks and
uncertainties which could cause actual values, results, performance or achievements to differ materially
from those expressed, implied or projected in any forward-looking statements. No representation or
warranty, express or implied, is made by Fortescue that the material contained in this presentation will be
achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of Fortescue,
its officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness
of the material contained in this presentation and excludes all liability whatsoever (including in negligence)
for any loss or damage which may be suffered by any person as a consequence of any information in this
presentation or any error or omission therefrom. Fortescue accepts no responsibility to update any person
regarding any inaccuracy, omission or change in information in this presentation or any other information
made available to a person nor any obligation to furnish the person with any further information.
Additional Information
This presentation should be read in conjunction with the Annual Report at 30 June 2021 together with any
announcements made by Fortescue in accordance with its continuous disclosure obligations arising under
the Corporations Act 2001 and ASX Listing Rules. Any references to reserve and resources estimations
should be read in conjunction with Fortescue’s Ore Reserves and Mineral Resources statements released
to the Australian Securities Exchange on 27 August 2021. Fortescue confirms in the subsequent public
report that it is not aware of any new information or data that materially affects the information included in
the relevant market announcement and, in the case of estimates of mineral resources or ore reserves, that
all material assumptions and technical parameters underpinning the estimates in the relevant market
announcement continue to apply and have not materially changed. All amounts within this presentation are
stated in United States Dollars consistent with the functional currency of Fortescue Metals Group Ltd, unless
otherwise stated. Tables contained within this presentation may contain immaterial rounding differences.
7. 7
3. Mobility as a Service Provider
Technology Transforming Everyday Life
Source: https://medium.com/uber-design/how-we-design-on-the-ubereats-team-ff7c41fffb76
10. 10
Shifting Towards More Value Added Tasks
Finance Function Evolution
Source: McKinsey & Company, Finance 2030: Four imperatives for the next decade
11. 11
Technology Breakthroughs
Finance Function Evolution
As CFOs build tomorrow’s
finance functions, they
will need to find people
with the skills,
motivation, to
complement the
technological innovations,
as well as to embrace
rapid changes and new
roles.
Source: EY, Is the future of finance new technology or new people
65%
58%
Automating the future State-of-the-art-tech
Technology
67%
57%
Focus on partnering New skills
People
Automating the
future
Focus on
partnering
State-of-the-
art-tech
New skills
12. 12
Digital Investments into the Future
CFOs Drive into Digital
82%
of CFOs report that their
investments in digital are
accelerating, exceeding
investments in other areas such
as talent, supply chain, business
services or fixed assets.
Source: Gartner, Top Priorities for Finance Leaders in 2022
13. 13
Global Pandemic Still Drives the Need for Speed & Relevance
CFOs to Reposition Planning & Budgeting
Source: Gartner, Top Priorities for Finance Leaders in 2022
17. 18
Eliminate Planning Silos & Consolidate into a Single Platform
Orchestrating Business Performance
Single Planning Platform
Business
Functions
ERP, CRM, External Data & BI Systems|
Business Value:
Standardised
business rules and
measures
Real-time decision
making
Scenario panning
across the business
Single Source of truth
xP&A
Finance
19. 20
Honeycomb Effect of Connected Planning on Anaplan
Fortescue’s Journey
Large number of
Excel files
Complex operation &
variations in calculations
Time consuming
Manual handling of data
Fortescue’s rapid
growth
20. 21
Platform - Connects your Strategy to your Outcomes
What is Anaplan
Security Planning &
Modelling
Enterprise
Scale
Extensibility
User
Experience
Intelligence
Spreadsheet can
do this.
22. 23
How Planning Platform could Support
Let’s Take ESG as an Example
• Data sources
• Shareholder reporting
• Governmental controls (Fines)
• Supply Chain visibility (Across
different Scope 1,2,3)
25. 26
How to Stay
Ahead Will a Bot Take My Job?
Up until this point technology has
created more work, it’s another
item business and individuals
have to manage and support.
26. Being the Change Leader
• Software Programming
• Cloud Engineering
• Database Management
• Coding Skills
Knowledge
Brings
Opportunity
Competitive
Edge, Keep up
with your
industry pace…
Open Minded
Creativity & Critical Thinking
Data Fluency
Positive toward change
Communication
Into about me, why you are here
FUN FACT: My job think I work with computers
How many time you have guessed which route
How many time you though red light
Tap raise of tab and go
Local market store, cash – pay and go .
Pay with smart watch and phone , smart watch track and pays
How Agile and adaptive to change to technology are you.
Prior to covid . Working from home is more digitation and cloud tech…
How many b out you bring umbrella and coat jacket .. Annual budget and forecasting b/w
Mining context
Strategic min plan and operating mine plan are they aligning. Operational mine plan aligned to the operataional requirement.s
If they are not aligned, are you struck. Mine plan changes 4 time, or they just approved the mine plan just on the day.
Sales dept had 20% from Darwin and no supply to
Petrol price .. Area whats to increase
Forecasted, all the individual mine control rather than
In our role we there are still limitation, how we could do better… , . If its repeatable we need a robust system. I have sucked into an email from 5 people, I will have data integrity ..
From a overall planning at the organistion level atleast 3 challenges
- sharing and collaboration
Making last min changes
Versioning, when save a file on a share drive.
Sensitive information. (security
Cause and effect pWe need to achieve the business outcomes, based on what we choose Anaplan.
Colour means
Planning this way, set a cost from flight cost Perth toSYD .
Business Analyst - Flight number actuals, 6 flights , what they could control, what they could not controll
Cost Manager – cost
CFO – Company exp on travel
We have not made the process easier, we have defined the process to be easier and aGovernance (Excel Poiint A to Point B, there is audit trail or we could see and refined)
Its not refined we have defined, but its not the purpose . It was to define, an auditable process. Which could be refined. Saving time to think more strategically..
Spread sheet have named final final, Final after Tue meeting, past
Everyone
By using Anaplan, able to identify how many litres of
Actuals info in, actauls number of
It has ways to capture the info
Lets take a example of an orgni , who has to plan and report.
We have one system,
Once you have defined it, its fully auditable
Defined it data sources
--
Equally the government wants to turn make any changes to the policy.. Then you have a define process in place to respond
You don’t have the opeationa visibility of , which is the large contributor the ESG Planning. how do you I mitigate and offset.
Connected planning ->
Job satisfaction .. As an employer you providing better tools to add value adding , more strategic assement and so they add value to the orgnsaitnno.
As an emp you far better exp and better for you c development …
FMG benefit, Process time was x
Post Anaplan journey –
Person accotuning professional – what is the benefit.
Prior to Anaplan attrition rate.
You job is more enjoyable, participating in high value activities. Across the board you as the
As a career enabler, before Anaplna, excel doing .. I don’t rangle the data . I being able to be more as partner.. I am able to more involved in Strategy, make decision faster and
My job I smore easier and enjoying
