This document summarizes a webinar presented by Kyriba on reducing FX volatility through automation. It provides logistics for the webinar, introduces the speaker team and gives an overview of their case study on Ecolab. Ecolab is an $11.8 billion company that provides water treatment, cleaning and hygiene products and services globally. They previously managed FX hedging manually through monthly reports but implemented Kyriba's FX software, which integrates with their ERP system. This allows them to adjust hedges daily based on real-time data and see a 40% reduction in FX volatility for entities using the new system.

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Good to Great FX Programs:
Automation Significantly Reduces
FX Volatility

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• Listen only mode during the webinar
• Questions can be submitted at any time via the webinar console.
We will do our best to address all of the questions at the end of the session
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connection issues, contact GoToWebinar support team at 1-888-259-8414.
If already in session, please chat any technical issues via the webinar console
• CTP/CCM & FP&A credits will be shared with you within 2-3 business days of
the webinar.
• Before leaving the session please take our 4 question survey
Webinar Logistics

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Today’s Speakers
Mimi Rushton
Co-Head Global FX Sales
David Ash
Sr. Treasury Director
Andy Gage
VP, FX Risk Management
Solutions
Nolan Soltvedt
Sr Treasury Manager
Curt Miaso
Senior Solutions Engineer

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Currency Market Discussion

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Corporate Currency Market Updates

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Case Study: Ecolab

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Ecolab - An Overview
● Products & services in water treatment,
purification, cleaning and hygiene in a wide
variety of applications
■ “Everywhere it matters”
● Headquartered in St. Paul, MN
● 2020 Net Sales: $11.8B
● Net Income: $967M
● Market Cap: $65.5B
● Total employees: 44,000

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2020 Sales By Region & Business Mix
$11.8B Net Sales / 170 countries
Industrial: Primarily Oil and gas
Institutional: Hospitality (restaurants & hotels)
Healthcare & Life Sciences: Hospitals, Healthcare facilities

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Ecolab FX Overview
By the numbers
● 3-person team located in St. Paul, MN
● Hedging is centrally managed by U.S. Treasury
● FX policy is to reduce risk and P&L volatility
● Not speculative
● Cash flow and balance sheet hedging
● $4 billion notional portfolio: 40 different currencies

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Ecolab FX: Before Kyriba
A manual process
● Collected exposure reports monthly via
emailed spreadsheets
● Adjusted hedges monthly
● Reliance on local team’s knowledge of FX
● Limited visibility and difficulty
understanding poor hedge offsets

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Ecolab FX: AFTER Kyriba
Less volatility, less work, more accurate data
● Moved exposure reporting for majority of total exposure
to Kyriba FX (FiREapps)
● Implementation only for entities on our primary ERP
● Significantly reduced workload of international finance
teams
● Adjusting hedges daily based on real time data
● Still collecting exposure reports from entities that have
not migrated to core ERP systems
● Reduced FX volatility by 40% for entities on Kyriba FX

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Thank you for joining us today!
Good to Great FX Programs:
Automation Significantly Reduces
FX Volatility