Liberty Global for Zanders EBAM Seminar, November 13th, 2012

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Zanders Ebam Seminar - Reduce costs and increase efficiency with Ebam

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Liberty Global for Zanders EBAM Seminar, November 13th, 2012

  1. 1. Zanders Ebam SeminarReduce costs and increase efficiency with EbamNovember 2012
  2. 2. Agenda Liberty Global Intro Treasury Landscape Bank Communication Why Sungard ResultsZanders Ebam Seminar | November 2012 2
  3. 3. Liberty Global Footprint (1)1 THE AMERICAS EUROPE Countries 13 Customers 20 mm Homes passed 34 mm Service subscribers (RGUs) 34 mm (1) As of June 30, 2012.Zanders Ebam Seminar | November 2012 3
  4. 4. LGI Simplified Structure (1) (1) Liberty Global, Inc. LGI International, Inc. Liberty Cablevision Liberty Global Europe of Puerto Rico (Credit Facility) Unitymedia KabelBW Telenet UPC Holding BV Chellomedia VTR 4G GmbH (50.4%, Credit Facility) (Senior Notes) Programming BV (Delayed Drawn Facility) (Senior Notes) (Sr. Secured Notes) UPC Broadband Unitymedia Hessen / Holding BV Unitymedia NRW (Credit Facility) (Credit Facility) (Sr. Secured Notes) (Sr. Secured Notes) UPC VTRAssets (80.0%) 1) Ownership percentages as of June 30, 2012. Eliminates intermediate holding companies and ending subsidiaries.Zanders Ebam Seminar | November 2012 4
  5. 5. LGI Capital structure in Figures• Market Cap 2 Aug: $13.7bn• $26.5bn Gross Debt (inc CLAs of $1.4bn per Q3 2012) • Approximately 90% matures 2017 and beyond• Liquidity position per Q2 ~ $3.3bn Other Telenet $1.5 $4.4 Germany $6.6 UPC $12.4 (1) Includes Puerto Rico & LGI and non op subsidiariesZanders Ebam Seminar | November 2012 5
  6. 6. Agenda Liberty Global Intro Treasury Landscape Bank Communication Why Sungard ResultsZanders Ebam Seminar | November 2012 6
  7. 7. Treasury Operations Reporting Consolidated Cash Position Consolidated Debt Position and Forecast Debt Maintenance & Financial Risk Management Interest rate, Fx and Liquidity risk All debt and derivative related payments (interest/principle/fees) Covenant tracking and reporting Deal execution Financial market executions done by CT FX trades by subsidiaries to be executed with CT Cash Management & Investments Excess cash at subsidiaries is upstreamed and invested by CT CT funds subsidiaries subsidiaries whenever necessary (1) Please see Appendix for the definitions and information including the reconciliations where applicable on organic RGU additions, rebased growth, OCF and Adjusted FCF.Zanders Ebam Seminar | November 2012 7
  8. 8. Agenda Liberty Global Intro Treasury Landscape Business Challenge Why Sungard? ResultsZanders Ebam Seminar | November 2012 8
  9. 9. Business Challenge Local Bank Cross Company Corporate Treasury Relationships Signers • Visibility of bank • 14 operating entities • >150 signers globally accounts • 10 sub - entities • Authorizing policies setup • Centralization of cash locally management • 60 bank relationships • 80% Local authorizers • More intense auditing processes • >500 accounts globally • Global and cross border singers on various bank • Global bank account accounts managementZanders Ebam Seminar | November 2012 9
  10. 10. Process Improvement 2 4 Local Finance Corporate department 1 3 TreasuryCurrentSituation: • 1 Creating bank account opening form • 2 Signing and returning the form • 3 Quarterly bank account overview including signatures Always 4 • Reviewing and update corporate mandate overviewoutdated Local Finance Corporate department Treasury 2 4 Approval of changesImprovedSituation: 1 Update Bank • 3 Real Time accounts bank accountReal time • Update signing information rules insight Sungard Ebam Zanders Ebam Seminar | November 2012 10
  11. 11. Additional Features Auditing Central Bank account E-bam management • Completeness • Bank form storage • Future proof • Consistency • Bank contact details • Faster processes • Transparency • Mandate management • Transparent processes • Up-to-date • Increased control • Independent of location Ebam helps Liberty Global to increase the quality, the efficiency and the effectiveness of global bank- and cash management.Zanders Ebam Seminar | November 2012 11
  12. 12. Agenda Liberty Global Intro Treasury Landscape Business Challenge Why Sungard? ResultsZanders Ebam Seminar | November 2012 12
  13. 13. Why Sungard? Experience - Quantum - Risk - SGN Portal Managed services - Good support for all existing products. - Overlap with existing support employees Ease of use - Ebam allows for full electronic processes - Supportive Reporting features Reliability - Current Sungard solutions work according to expectations - Auditors have confidence in Sungard’s approach to confidential (company and personal) dataZanders Ebam Seminar | November 2012 13
  14. 14. Agenda Liberty Global Intro Treasury Landscape Business Challenge Why Sungard? ResultsZanders Ebam Seminar | November 2012 14
  15. 15. Results Direct costs Direct savings Indirect savings • Relatively low investment • Replacing Account • Less time spend for Compliance auditing and answering auditors questions • Marginal monthly fee • Removing manual process back-offices • Less pressure on operational responsible in entities • Removing red tape in Treasury process Liberty Global has identified cost savings by using Ebam, but the increase in efficiency and control of Corporate Treasury was the deciding factorZanders Ebam Seminar | November 2012 15

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