The document summarizes the leveraged buyout of Company A that occurred in 2005 and its subsequent sale in 2010. In 2005, the private equity firm acquired Company A for $396 million by contributing $108 million in equity and obtaining $304 million in debt financing. By 2010, the company's value had increased substantially and was sold for proceeds of $299 million to the private equity firm and $33.2 million to the unsecured lender, providing annualized returns of 22.6% and 16.6%, respectively.
Artikel Lengkap Di : http://humanisgroup.net/kata-kata-untuk-semangat/
Contoh kata motivasi semangat hidup untuk sukses antara lain adalah :
Berjalan dalam gelap bersama seorang teman itu lebih baik dari pada harus berjalan sendirian dalam cahaya yang terang benderang
Akan jadi apa hidup jikalau tanpa resiko dan kegagalan? Maka kesuksesan tidak akan pernah memiliki kebanggaan apapun
Jangan putus asa jika akan menghadapi kesulitan apapun , karena setiap tetes air hujan yang jatuh dan yang jernih berasal dari pada awan yang gelap
Selama kita masih mempunyai tekad yang sempurna dalam semangat. Maka tidak ada kata yang terlambat untuk memulai sebuah kehidupan awal yang baru
Kualitas dan kehidupan seseorang itu tergantung pada komitmen kita untuk berhasil bidang apapun yang ia tempuh
지난 10년간 연간 약 5%의 고도 성장을 해 왔던 건화물 해상 물동량은 지난해 2009년 이후 처음으로 마이너스 성장(-0.1%)을 기록하였으며 금년에도 2015년과 대체로 비슷한 수준의 물동량을 유지할 것으로 전망되고 있음
그러나 저조한 시황이 지속되면서 해체량 증가와 신조 주문량 감소로 공급 조절이 이루어지고 있어 장기적 운임 회복의 기초 될 것으로 기대됨. 단, 단기적으로는 여전히 많은 주문 잔량으로 인해 1~2%의 선복 증가 지속 전망.
회복의 단초
§ 높은 신조 인도 지연 및 계약 취소
§ 신규 계약 부재 / 조선소 파산
§ 감속 운항을 통한 가용 선복 감축
여전한 암초
§ 해운 시장 참여자들, 조직화가 어려운 다양한 선주들로 구성 - 공통된 산업 구조 조정 정책 실행 난항
§ 여전히 많은 신조 주문량 / 정부 보조금으로 연명하고 있는 조선소들
§ 저유가 지속
Seaborne dry bulk trade declined 0.1% in 2015 largely due to a 6% drop in coal trade and is unlikely to show any significant recovery in the medium term. However, record levels of demolition and minimal new orders have given some hope for fundamental recovery, even though fleet supply is expected to increase in the near term because of the existing orderbook.
Support for recovery
High slippage and cancellation of contracts
Absence of new orders / Shipyard defaulting
Tonnage adjustment through slow-steaming
Difficulties
Highly fragmented ownership across many geographical regions
Massive remaining orderbook / Government backed Shipyards
Low fuel oil cost
[탱커선 공급 리뷰] – 유가? 공급 과잉? 뭣이 중헌디?!
수년간 증감을 거듭하였던 원유 운송 수요는 저유가로 인해 2015년부터 연간 약 3% 수준으로 수요가 회복되면서 올해에는 2007년의 호황기 수준의 운송량으로 회복될 것으로 예상되고 있음
그러나 운임 호황이 지속되면서 해체 감소와 신조 주문량 증가로 금년부터 연간 5~6%의 선복 증가율이 예상되고 있어 과잉 공급에 따른 운임 하락 리스크가 크게 우려되고 있음.
여전한 호재
· 저유가 지속
· 지상 저장 탱커 부족
· 트레이드 패턴 변화에 따른 원거리 운송 증가
운임 하락 리스크 요인
§ 많은 신조 주문량 / 드라이 및 컨테이너 섹터 불황에 따른 탱커 주문량 집중
§ 유가 상승에 따른 해상 저장 탱커 선박 재가동 가능성
Another Sample Leverage Buyout Model Template. In addition, will provide an empty version which allows you to input your own information.
http://flevy.com/browse/business-document/Sample-LBO-Model-Template---2-27
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/LBO-Model-Template-26
Description:
This is a Leverage Buyout Model Template built in Excel.
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Presentation Development Primer: Storyboarding, Slide DesignDavid Tracy
This is a partial preview. View and download the full PowerPoint here:
http://pptlab.com/ppt/Management-Consulting-Basics-Presentation-Development-Primer-43
This document teaches the basics of developing an effective business presentation. It covers methodologies widely practiced by top management consulting firms, such as McKinsey, Bain, and BCG. It covers the topics of Storyboarding, Slide Structuring, and Graph Design. As presentations serve as both communication tools and work products, presentation development is a useful skill to have.
For the full document, please go here:
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Download full document here:
http://pptlab.com/ppt/Business-Framework-Ten-Schools-of-Thought-36
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Full presentation can be downloaded here:
http://pptlab.com/ppt/Why-Consumers-Dont-Buy-The-Psychology-of-New-Product-Adoption-16
Some innovations are truly spectacular, but consumers are slow or just refuse to adopt. In fact, over 70% of all new products fail in the marketplace—and innovative, new products fail at an even higher rate.
Why is this the case? And, how do companies overcome this?
This document discusses the psychology of product adoption. Topics include Prospect Theory, Endowment Effect, Loss Aversion, Give and Get Dynamics, Innovator’s Curse, Product-Behavior Value Matrix, among other topics. It distills these concepts into Six Product Launch Strategies.
The foundation of this consumer adoption discussion is around the difference between objective gains and losses vs. subjective gains and losses. This fundamental consumer bias results in psychological switching costs, in addition to economic ones. Studies have shown that, psychologically, losses loom larger than gains by two to three times.
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Full download can be found here:
http://pptlab.com/ppt/Transformation-Maps-27
You can view and download the full presentation here:
http://pptlab.com/ppt/Strategic-Analysis-Framework-25
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More details and full download here:
http://pptlab.com/ppt/HBR-Using-the-Balanced-Scorecard-as-a-Strategic-Management-System-19
This document is a collection of diagrams illustrating various pricing curves and pricing concepts, including supply-demand curve, price-revenue curve, breakeven curve, market skimming, market penetration, and product adoption lifecycle curve
More info can be found here:
http://pptlab.com/presentation?pid=3
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This document is a collection PowerPoint diagrams and templates used to convey 23 different business strategy and management models, as listed below:
3 C’s
ADL Matrix
Acquisitions Integration Approaches
Blue Ocean Strategy
Capability Maturity Model
GE-McKinsey Matrix
OODA Loop
Profit Pools
Resource-based View of Firm
Scenario Planning
Strategy Maps
Application Portfolio Optimization
Value Stream Mapping
Six Thinking Hats
4 P’s Marketing Mix
7 P’s Marketing Mix
6 Change Approaches
Cultural Dimensions Theory
Six Sigma Quality Management
Change Management Iceberg
Organizational Learning
Performance Prism
Crossing the Chasm (Product Lifecycle)
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Flevy.com - World's First Research Report-cum-Financial ModelDavid Tracy
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/Research-Report-cum-Financial-Model-121
Description:
Multi Commodity Exchange of India Ltd. operates MCX, India's leading commodity futures exchange, and has recently going public.
We are a firm of independent analysts based in Mumbai, India. Our research is truly independent, since we are not affiliated with any i-bank.
We introduce herewith a new presentation format - 'Fusion of a Research Report and a Financial Model' - 'possibly' for the first time in the global research community. Please excuse us, if you've seen a similar format earlier! Please refer the Disclaimer sheet.
This research report-cum-financial model contains a wealth of information about commodity futures exchanges as an industry, the regulatory environment in India, trading volumes, business model, strengths, financials and earnings estimates of MCX, and global peer financial highlights and valuations. This document is an unlocked spreadsheet and is print-ready.
Bonus: our proprietary 'IPO Analysis Checklist' is included.
We believe this report-cum-customizable model will remain relevant all the time, and across geographies. Just plug in the current stock price, make changes in underlying assumptions and arrive at your own earnings estimates and valuations, incl. DCF, and your own target price!
This report cum model can be used as a template by US based investors / analysts tracking commodity futures exchanges, such as ICE and CBOE.
Flevy.com - Staff Demand and Shift BiddingDavid Tracy
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/staff-demand-shift-bidding-106
Description:
Poor man's workforce management tool. Will allow you for use forecasted demand to schedule shifts by week. Will allow you top optimize individual shifts for breaks and lunches as well as communicate shifts to your staff.
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/Strategic-Innovation-Management-Framework-28
Description:
A framework to think about strategy and strategic innovation management. Applies the ideas of complexity theory and lean to management.
Flevy.com - Feasibility Study Template for Electronic Software DistributionDavid Tracy
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/electronic-software-distribution-feasibility-study-32
Description:
This is a template to conduct a paper-based feasibility study to identify an Electronic Software Distribution tool or service.
Flevy.com - Feasibility Study for an eMail Archiving solutionDavid Tracy
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/email-archiving-solution-feasibility-study-33
Description:
This is a template to conduct a paper-based feasibility study to identify an eMail Archiving tool or service.
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/paycheck-stub-template-36
Description:
This is a paycheck stub template.
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/account-management-templates-38
Description:
This document serves as a comprehensive set of templates for Account Management. Sections include Relationship Map, SWOT Analysis, Marketing Plan, Sales Pipeline, Competitive Footprint, and more.
The templates are the same used by Fortune 500 companies when performing account planning and management.
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/Core-Competencies-Analysis-75
Description:
Core Competencies Analysis is a powerful 5-phase business framework used to determine company-specific skills that enable differentiated value delivery. In other words, using Core Competencies Analysis, we can determine true competitive advantages of our company. This offers invaluable insight into the company’s business strategy, including answers to the following questions:
*What products or services should we invest in (to best leverage our core competencies)?
*What are our critical deficiencies that we need to improve upon?
*What products or services should we divest?
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/Cost-Drivers-Analysis-76
Description:
Competitive Cost Analysis is a valuable strategic business framework, as it helps identify potential areas of competitive advantage. Competitive Cost Analysis requires the analysis of relative cost structures of competitors (or potential competitors) within our industry. The relevant unit of analysis should be as focused and specific as possible—for instance, at the business unit or the product level.
There are three techniques primarily used when conducting Competitive Cost Analysis: Financial Ratios Analysis, Value Chain Analysis, and Cost Drivers Analysis. This document will focus on Cost Drivers Analysis.
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Kyiv PMDay 2024 Summer
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Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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Flevy.com - LBO Model Template
1. LBO of Company A
($ in millions)
TRANSACTION ASSUMPTIONS
Closing Date 31-Dec-05
2005 EBITDA $66.0
EBITDA Multiple 6.0x
Purchase Price $396.0
TOTAL USES TOTAL SOUR
Uses Capitalization
Equity Purchase Price $396.0 Revolver
Financing Fees $10.0 Term Loan
Investment Banking Fees $4.0 Second Lien
Legal Fees $1.0 Unsecured Notes with Warrants
Other Fees and Expenses $1.0 Total Debt
Total Fees $16.0 Equity
Total Uses $412.0 Total Sources
SALE OF COMPANY A IN 2010
Closing Date 31-Dec-10 IRR to Financial Sponsor 12/31/05
Initial Equity Investment ($108.0)
2010 EBITDA $84.2 Dividends $0.0
EBITDA Multiple 6.0x Proceeds at Sale $0.0
Purchase Price $505.4 Total Cash Flows to Sponsor ($108.0)
Less: Total Debt ($214.9) IRR Calculation 22.6%
Plus: Cash Balance $48.8
Less: Transaction Fees (1) ($7.1) IRR to Unsecured Lender 12/31/05
Equity Value $332.3 Initial Loan ($66.0)
% Equity to Sponsor 90.0% Cash Interest Received $0.0
Equity to Sponsor $299.0 Principal Repayment at Sale $0.0
Equity from Warrants at Sale $0.0
% Equity to Unsecured Lender 10.0% Total Cash Flows to Lender ($66.0)
Equity to Unsecured Lender $33.2 IRR Calculation 16.6%
(1) Assumes 1% of Purchase Price for Investment Banking Fees, plus $2 million in legal and other expenses.
Summary of Relevent Financial Statistics
Income Statement Statistics 2006
Revenue $126.0
EBITDA $69.3
2. Net Income $24.2
Net Interest Expense $21.0
Cash Interest Expense $14.1
Taxes $16.1
Revenue Growth na
EBITDA Margin 55%
EBITDA Growth na
Net Income Growth na
Net Income Margin 17%
Balance Sheet / Cash Flow Statistics
Cash $0.0
Total Debt $280.2
Net Debt $280.2
Secured Debt $207.2
Capex $8.8
Increase (Decrease) in W/C ($0.6)
Leverage Ratios
Total Debt / EBITDA 4.0x
Net Debt / EBITDA 4.0x
Secured Debt / EBITDA 3.0x
EBITDA / Net Interest Expense 3.3x
EBITDA / Cash Interest Expense 4.9x
Interest Coverage Statistics
EBITDA / Net Interest Expense 3.3x
EBITDA / Cash Interest 4.9x
EBITDA - Capex / Net Interest Expense 2.9x
EBITDA - Capex / Cash Interest Expense 4.3x
EBITDA - Capex - ∆ W/C / Net Interest Expense 2.9x
EBITDA - Capex - ∆ W/C / Cash Interest Expense 4.3x
EBITDA - Capex - ∆ W/C - Taxes/ Net Interest Expense 2.1x
EBITDA - Capex - ∆ W/C - Taxes/ Cash Interest Expense 3.2x
