The document summarizes information about the treasury processes and financial reporting at the Port of Antwerp. It describes the port's organization structure, with the Port Authority as a separate legal entity managing infrastructure. It also provides statistics on employment and discusses points of attention around competition and supply chain connectivity. The document outlines structured treasury processes around debtors, creditors and cash management. It details the financial reporting to the management committee and board of directors, including metrics like the cash conversion cycle and balanced scorecards for evaluating bank relationships.

1. Treasury at executive level Port of Antwerp February 24, 2011 Jan Adam, Finance Director

2. Introduction Port of Antwerp Structured processes Headlines debtors, creditors, treasury Management committee Board of directors

6. Employment Source: National Bank of Belgium, 2009. 64.870 directly 118.236 indirectly 183.106 jobs

9. Port objects:

10. Port objects:

11. Port objects:

12. Port objects:

13. Port objects:

14. Port objects:

17. Containers: standard measure used by the press Market share

19. Introduction Port of Antwerp Structured processes Headlines debtors, creditors, treasury Management committee Board of directors

20. The magical triangle of Working Capital

22. Structured processes: Policy document Combined effort of internal and external resources Submitted to and approved by Management Committee Keeping it up-to-date: change management

23. Structured processes: proces manual treasury

24. Proces binnenlezen gecodeerde dagafschriften

25. Structured processes: process manual Entirely prepared by internal resources (“part of the job”) Comfort feeling for management and employees Improved planning at all levels (“frequency indication”) Better allocation (“spread”) of tasks and backup tasks Basis for improvement processes

26. Introduction Port of Antwerp Structured processes Headlines debtors, creditors, treasury Management committee Board of directors

27. Debtors: headlines Bill timely, collect wisely (proactively where possible) Land lease Port dues Collection policy: direct debet where possible Attention point: APA does not always choose its own clients

28. Creditors: headlines Public tendering legislation (including payment terms) Payment just in time Allows for high level of creditors' days However: risk for late payment penalty (all to be submitted to management committee)

29. Treasury: headlines Daily early morning work: Electronic reading and processing of bankstatements Determining monetary position Allocation of funds Afternoon: on-line verification of status bank accounts Longer term view: Knowledge about overall annual budget and updates, medium and long term plans Evolution in financial position = evolution in treasury focus

30. Introduction Port of Antwerp Structured processes Headlines debtors, creditors, treasury Management committee Board of directors

32. + written explanation on fluctuations

35. Reporting components management committee Cash Conversion Cycle (CCC) Theoretically In practice

37. Dupont Model: in practice - schedule

38. Dupont Model: in practice -graph

39. Monthly fund reporting Overview of movements Financial results Comparison to benchmark: figures and graphically Annual results as well as from “inception”

40. Totale portefeuille Portefeuille van december 2010 Deelbewijzen Rendementen portefeuille Benchmark Fonds X - overheidsobligaties Fonds Y – bedrijfsobligaties Gerealiseerde meerwaarde/minwaarde

41. Evaluation of banks: balanced scorecard Need for objectieve assessment Different aspects of a relationship Every two years

42. Evaluation of bank relations: balanced scorecard

44. Example of project: SEPA - roadmap

45. ISABEL – aantal verrichtingen

46. Introduction Port of Antwerp Structured processes Headlines debtors, creditors, treasury Management committee Board of directors

47. Board of directors: reporting Long term financial plan (long term = 20 years) Annual budget Quarterly financial reporting Annual financial statements

48. Table Graph Text

49. New Port House Zaha Hadid Architects