Q Results Conference Call

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Q1 2015 Results Conference Call"

Transcription

1 Q Results Cnference Call April 29, 2015 Page 1

2 Page 2 Ballard Management Randy MacEwen President & CEO Tny Guglielmin CFO

3 Page 3 Frward Lking Statements This presentatin cntains frward-lking statements, including: estimated revenue; cash perating csts; grss margins; prduct cst reductins; adjusted EBITDA; liquidity; market size and grwth prjectins; custmer value prpsitins; and expected sales and prduct shipments. These frward-lking statements reflect Ballard s current expectatins as cntemplated under sectin 27A f the Securities Act f 1933, as amended, and Sectin 21E f the Securities Exchange Act f 1934, as amended. Any such frward-lking statements are based n Ballard s assumptins relating t ur financial frecasts and expectatins regarding ur prduct develpment effrts, manufacturing capacity, and market demand. These frward-lking statements invlve risks and uncertainties that may cause ur actual results t be materially different, including, general ecnmic and regulatry changes, detrimental reliance n third parties, successfully achieving ur business plans and achieving and sustaining prfitability. Fr a detailed discussin f these and ther risk factrs that culd affect Ballard s future perfrmance, please refer t ur mst recent Annual Infrmatin Frm. Readers shuld nt place undue reliance n Ballard s frward-lking statements and Ballard assumes n bligatin t update r release any revisins t these frward lking statements, ther than as required under applicable legislatin. All amunts are cnslidated t include Dantherm Pwer s results and are in U.S. dllars, unless therwise nted. This presentatin des nt prvide full disclsure f all material facts relating t the securities ffered. Investrs shuld read the final base shelf prspectus, any amendment and any applicable shelf prspectus supplement fr disclsure f thse facts, especially risk factrs relating t the securities ffered, befre making an investment decisin.

4 Year-t-Date Prgress Pwer Prducts Page 4 Telecm Backup Pwer Met all utstanding cnditins f New Yrk City Fire Department fr certificatin f ElectraGen -ME system fr rftp deplyments Material Handling Significant grwth in stack shipments t Plug Pwer

5 Year-t-Date Prgress Pwer Prducts (Cnt d) Page 5 Develpment Stage Van Hl awarded funding fr 21 buses in Eurpe Deals t supply 10 pwer mdules fr U.S. buses and 8 fr buses in China Prgress in China tram market Demnstratin f first-ever fuel cell tram cllabratin with CSR Sifang and City f Fshan

6 Year-t-Date Prgress Technlgy Slutins Page 6 Landmark Technlgy Slutins transactin with Vlkswagen Grup Surfaced value frm IP prtfli, in cmbinatin with intellectual capital in specialized engineering services Transactin underpinned psitive Net Incme in Q1 f $7.0M Strengthened balance sheet with ~$29.0M cash Psitins Ballard t realize lng-term value frm aut sectr New Technlgy Slutins prjects Glbal autmtive OEM Next phase f wrk with Ardica Technlgies

7 Page 7 Q Tp Line POWER PRODUCTS Revenue f $4.9M, -2% year-ver-year, with a shift in prduct mix Telecm Backup Pwer revenue decreased, t $0.6M Expected decline due t cntinued delays in rders Material Handling revenue increased 29%, t $2.6M Revenue frm Develpment Stage Markets increased significantly, t $1.7M Driven by increased bus mdule shipments

8 Page 8 Q Tp Line (Cnt d) TECHNOLOGY SOLUTIONS Revenue decreased 51%, t $4.4M due t strng Q Q included licensing revenue frm cntracts in China Q reflected cadence f revenue frm Vlkswagen engineering services cntract weighted tward first half f year

9 Page 9 Q Revenue and Grss Margin Revenue (millins) Grss Margin (%) $55.8* $37.7 $43.7 $61.3 $ % 17% 27% 15% 11% $ Q Q Q Revenue f $9.3M Q Grss Margin f 11% Dwn year-ver-year due t variance in Technlgy Slutins revenue * Services prvided primarily fr Daimler AG fr a specific manufacturing supply agreement in Octber This segment ceased t be an nging perating segment as f the furth quarter f Dwn year-ver-year due t unabsrbed manufacturing verhead (reduced level f shipments) and shift in prduct mix

10 Q Cash Operating Cst Base and Adjusted EBITDA Page Cash Operating Cst Base* (millins) 0 Adjusted EBITDA* (millins) Q $37.0 $30.3 $28.1 $ ($8.2) ($18.6) ($5.1) 10 5 $ ($22.1) Q ($27.9) -30 * Measures perating expenses excluding stck-based cmpensatin expense, depreciatin and amrtizatin, impairment lsses r recveries n trade receivables, restructuring charges, acquisitin csts and financing charges * Measures EBITDA adjusted fr stck-based cmpensatin expense, transactinal gains and lsses, asset impairment charges, finance and ther incme and acquisitin csts Q Cash Operating Csts f $7.9M Increased year-ver-year due t higher research & prduct develpment csts (resulting frm lwer hurs spent n engineering services) and reallcatin f resurces Q Adjusted EBITDA declined t ($5.1)M Q Net Incme imprved t $7.0M Reflects $14.2M gain n sale f IP t Vlkswagen Grup Q Earnings Per Share (EPS) imprved t $0.05 per share

11 Page 11 Liquidity Q Cash Used By Operating Activities imprved 19%, t ($5.4)M End-Q cash reserves f $47.6M Blstered in Q1 by ~$29M in net prceeds frm Technlgy Slutins transactin with Vlkswagen Grup

12 Page 12 Upcming Events Natinal Fuel Cell Sympsium Sacrament, CA Thursday, May 7 th Cwen Technlgy, Media and Telecm Cnference New Yrk, NY Wednesday/Thursday, May 27/28 th Stifel Industrials Cnference New Yrk, NY Tuesday, June 16 th Ballard Annual General Meeting Vancuver, B.C. Tuesday, June 2 nd Ballard Investr & Analyst Day New Yrk, NY Thursday, Octber 1 st

13 Page 13 Planned 2015 Deliverables Securing at least 2 new key Telecm Backup Pwer accunts Cntinuing t grw Material Handling business Grwing Bus mdule rders fr U.S., Eurpe and China Securing at least ne new MW-scale Distributed Generatin prject Grwing Pwer Prduct sales backlg & pprtunity pipeline entering 2016 Launching new prduct versins with enhanced perfrmance and reduced cst Air-cled stack Methanl-fuelled Backup Pwer system Bus pwer mdule

14 Page 14 Planned 2015 Deliverables (Cnt d) Cntinuing t grw the Technlgy Slutins business Including at least ne new aut OEM custmer Cmpleting build-ut f Cmmercial sales team Investing in g-t-market strategy & marketing Imprving financial perfrmance Revenue grwth Grss Margin expansin Maintaining strng balance sheet Reviewing cmplementary M&A pprtunities t scale the business

15 Page 15 Q Cnference Call Q & A

16 Q Results Cnference Call April 29, 2015 Page 16

2014 Q3 Earnings Conference Call. November 6, 2014

2014 Q3 Earnings Conference Call. November 6, 2014 2014 Q3 Earnings Cnference Call Nvember 6, 2014 This presentatin includes certain frward-lking statements that are made as f the date heref and are based upn current expectatins, which invlve risks and

More information

NASDAQ:BLDP TSX:BLD. Progress in FCH Deployment in Europe and the World

NASDAQ:BLDP TSX:BLD. Progress in FCH Deployment in Europe and the World Prgress in FCH Deplyment in Eurpe and the Wrld Jhn Sheridan, President & CEO Nvember 13, 2013 Wh We Are Glbal leader in clean energy PEM fuel cell prducts design, manufacturing & deplyment ~2,400 Telecm

More information

Second Quarter 2015 Earnings Conference Call. August 05, 2015

Second Quarter 2015 Earnings Conference Call. August 05, 2015 Secnd Quarter 2015 Earnings Cnference Call August 05, 2015 Nn-GAAP Financial Measures and Frward-Lking Statements Frward-Lking Statements This webcast and presentatin cntains statements that are frward-lking

More information

2014 Year End Earnings Conference Call. February 25, 2015

2014 Year End Earnings Conference Call. February 25, 2015 2014 Year End Earnings Cnference Call February 25, 2015 This presentatin includes certain frward-lking statements that are made as f the date heref and are based upn current expectatins, which invlve risks

More information

For personal use only FY15 RESULTS INABOX GROUP LIMITED

For personal use only FY15 RESULTS INABOX GROUP LIMITED FY15 RESULTS INABOX GROUP LIMITED SECTION 01 ABOUT INABOX GROUP 1 FY15 RESULTS PRESENTATION 3 CHANNELS + 4 BRANDS = LEADING ICT PROVIDER Grup Structure We are a natinal end-t-end IT, telc and clud prvider

More information

NBG Group Q3 Results 2015 PRESS RELEASE. NBG Group: Q3.15 results highlights

NBG Group Q3 Results 2015 PRESS RELEASE. NBG Group: Q3.15 results highlights NBG Grup Q3 Results 205 PRESS RELEASE NBG Grup: Q3.5 results highlights CET rati stable qq despite prtracted bank hliday and capital cntrls hitting tp line in Greece CET std at 9.6% in Q3, unchanged qq

More information

FY13 Interim Results. February Geoff Lewis Chief Executive Officer. Dean Langenbach Chief Operating Officer

FY13 Interim Results. February Geoff Lewis Chief Executive Officer. Dean Langenbach Chief Operating Officer FY13 Interim Results February 2013 Geff Lewis Chief Executive Officer Dean Langenbach Chief Operating Officer H1 Summary Slid recurring revenue frm existing managed services business 76% f ttal revenue

More information

Citizens, Inc. Reports First Quarter 2012 Results Investor conference call scheduled for Tuesday, May 8, at 10 a.m. CDT

Citizens, Inc. Reports First Quarter 2012 Results Investor conference call scheduled for Tuesday, May 8, at 10 a.m. CDT NEWS RELEASE FOR FURTHER INFORMATION CONTACT: Kay Osburn Chief Financial Officer (512) 837-7100 PR@citizensinc.cm FOR IMMEDIATE RELEASE May 7, 2012 Citizens, Inc. Reprts First Quarter 2012 Results Investr

More information

CD CAPITAL TO INVEST UP TO A$83 MILLION IN PRAIRIE S LUBLIN COAL PROJECT

CD CAPITAL TO INVEST UP TO A$83 MILLION IN PRAIRIE S LUBLIN COAL PROJECT ASX RELEASE 20 JULY 2015 CD CAPITAL TO INVEST UP TO A$83 MILLION IN PRAIRIE S LUBLIN COAL PROJECT Prairie has agreed the terms fr an investment f up t A$83 millin frm glbal natural resurces private equity

More information

Zaryn Dentzel Founder & CEO. Tuenti Technologies

Zaryn Dentzel Founder & CEO. Tuenti Technologies Zaryn Dentzel Funder & CEO Tuenti Technlgies Disclaimer This presentatin cntains statements that cnstitute frward-lking statements abut the Cmpany, within the general meaning f the term and within the

More information

Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses

Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses Disclsures abut the Credit Quality f Financing Receivables and the Allwance fr Credit Lsses During July 2010 the FASB issued Accunting Standards Update 2010-20 Disclsures abut the Credit Quality f Financing

More information

Stream Group Ltd Claims Services Division Update. Paul Lynch- CEO Stream Claims Services February 2015. Stream Group Limited ABN: 90 128 027 501

Stream Group Ltd Claims Services Division Update. Paul Lynch- CEO Stream Claims Services February 2015. Stream Group Limited ABN: 90 128 027 501 Stream Grup Ltd Claims Services Divisin Update Stream Grup Limited ABN: 90 128 027 501 Paul Lynch- CEO Stream Claims Services February 2015 Stream Grup Ltd 2015. All Rights Reserved. Disclaimer 2 Crprate

More information

Solar Soft-Cost Update: Evolving Markets and Challenges

Solar Soft-Cost Update: Evolving Markets and Challenges Slar Sft-Cst Update: Evlving Markets and Challenges Rbert M. Marglis Natinal Renewable Energy Labratry Presented at: SunSht Prize: Race t the Rftps Cllege f Nanscale Science & Engineering Albany, NY April

More information

WESTERN ENERGY SERVICES CORP. RELEASES THIRD QUARTER 2015 FINANCIAL AND OPERATING RESULTS AND DECLARES QUARTERLY DIVIDEND FOR IMMEDIATE RELEASE:

WESTERN ENERGY SERVICES CORP. RELEASES THIRD QUARTER 2015 FINANCIAL AND OPERATING RESULTS AND DECLARES QUARTERLY DIVIDEND FOR IMMEDIATE RELEASE: WESTERN ENERGY SERVICES CORP. RELEASES THIRD QUARTER 2015 FINANCIAL AND OPERATING RESULTS AND DECLARES QUARTERLY DIVIDEND FOR IMMEDIATE RELEASE: Octber 29, 2015 CALGARY, ALBERTA Western Energy Services

More information

Business Plan Overview

Business Plan Overview Business Plan Overview Organizatin and Cntent Summary A business plan is a descriptin f yur business, including yur prduct yur market, yur peple and yur financing needs. Yu shuld cnsider that a well prepared

More information

Valuation Challenges During Due Diligence - Purchase Price Allocation Issues

Valuation Challenges During Due Diligence - Purchase Price Allocation Issues Valuatin Challenges During Due Diligence - Purchase Price Allcatin Issues Presented By: Brian Jnes Partner Financial Reprting bjnes@ktzinvaluatin.cm December 2011 PHOENIX LAS VEGAS Table f Cntents Why

More information

Guidance for Financial Analysts to model the impact of aircraft noise on Flughafen Zürich AG s financial statements

Guidance for Financial Analysts to model the impact of aircraft noise on Flughafen Zürich AG s financial statements Guidance fr Financial Analysts t mdel the impact f aircraft nise n Flughafen Zürich AG s financial statements Zurich Airprt, March 17, 2015 Intrductin The bjective f this dcument is t explain the impact

More information

What is an SBA Loan? SBA Loans

What is an SBA Loan? SBA Loans SBA Lans The State Bank is a Preferred SBA (Small Business Administratin) Lender. The State Bank has delegated authrity t underwrite and apprve SBA lans n behalf f the SBA, thereby greatly expediting the

More information

Thinking Different About Alternative Financing Options

Thinking Different About Alternative Financing Options Thinking Different Abut Alternative Financing Optins Christpher Mills Senir Business Develpment Officer Federal Natinal Cmmercial Credit This whitepaper will make yu think differently abut alternative

More information

CHASE: YOUR RESOURCE FOR ALL YOUR FINANCIAL NEEDS

CHASE: YOUR RESOURCE FOR ALL YOUR FINANCIAL NEEDS CHASE: YOUR RESOURCE FOR ALL YOUR FINANCIAL NEEDS I lst tw dealerships when my manufacturer ended my franchise in 2009. Chase was the ONLY bank t help me get back in the game. Nt nly did they prvide me

More information

Citizens, Inc. Reports Third Quarter three and nine months 2014 Results Investor Conference Call Scheduled for November 6, 2014, at 10:00 a.m.

Citizens, Inc. Reports Third Quarter three and nine months 2014 Results Investor Conference Call Scheduled for November 6, 2014, at 10:00 a.m. NEWS RELEASE FOR IMMEDIATE RELEASE Nvember 5, 2014 FOR FURTHER INFORMATION CONTACT: Kay Osburn Chief Financial Officer (512) 837-7100 PR@citizensinc.cm Citizens, Inc. Reprts Third Quarter three and nine

More information

Statement of Cash Flows

Statement of Cash Flows C H A P T E R 16 Statement f Cash Flws Financial Accunting 14e Warren Reeve Duchac human/istck/360/getty Images Reprting Cash Flws (slide 1 f 3) The statement f cash flws reprts a cmpany s cash inflws

More information

Opto Circuits (India) Ltd. 1

Opto Circuits (India) Ltd. 1 Opt Circuits (India) Ltd. 1 Disclaimer This presentatin cntains statements that cntain frward lking statements including, but withut limitatin, statements relating t the implementatin f strategic initiatives,

More information

Maintain a balanced budget primarily the General & Park Funds

Maintain a balanced budget primarily the General & Park Funds EXHIBIT B City f Chic Budget Cntingency Plan P The purpse f the Budget Cntingency Plan is t establish a guideline and general apprach t respnd t adverse financial and ecnmic cnditins that culd negatively

More information

ELECTRICITY FRC IN WA KEY MESSAGES

ELECTRICITY FRC IN WA KEY MESSAGES ELECTRICITY FRC IN WA KEY MESSAGES REMC has analysed the likely benefits, csts, and issues assciated with implementing electricity full retail cntestability ( FRC ) in WA. This analysis is intended t assist

More information

Project Startup Report Presented to the IT Committee June 26, 2012

Project Startup Report Presented to the IT Committee June 26, 2012 Prject Name: SOS File 2.0 Agency: Secretary f State Business Unit/Prgram Area: Secretary f State Prject Spnsr: Al Jaeger Prject Manager: Beverly Maitland Prject Startup Reprt Presented t the IT Cmmittee

More information

Getting Ready for Finance

Getting Ready for Finance Getting Ready fr Finance When yur business needs finance it is imprtant t plan yur apprach t ptential lenders prir t making the appintment t present yur applicatin. The reasn fr this is that a well-prepared

More information

TO: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel

TO: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel AL 96-7 Subject: Credit Card Preapprved Slicitatins TO: Chief Executive Officers f all Natinal Banks, Department and Divisin Heads, and all Examining Persnnel PURPOSE The purpse f this advisry letter is

More information

Action. Situation. Client: Constant Contact Industry: Marketing Services Geography: United States RampRate Solutions: Data Center HyperSourcing

Action. Situation. Client: Constant Contact Industry: Marketing Services Geography: United States RampRate Solutions: Data Center HyperSourcing Client: Cnstant Cntact Industry: Marketing Services Gegraphy: United States RampRate Slutins: Data Center HyperSurcing Situatin At the end f 2010, Cnstant Cntact was a fast-grwing leader in prviding Internet-based

More information

Management s Discussion and Analysis of Financial Condition and Result of Operations April 24, 2008

Management s Discussion and Analysis of Financial Condition and Result of Operations April 24, 2008 Management s Discussin and Analysis f Financial Cnditin and Result f Operatins April 24, 2008 The fllwing Management s Discussin and Analysis f Financial Cnditin and Results f Operatins ( MD&A ) f Autmated

More information

Implementing an electronic document and records management system using SharePoint 7

Implementing an electronic document and records management system using SharePoint 7 Reprt title Agenda item Implementing an electrnic dcument and recrds management system using SharePint 7 Meeting Finance, Prcurement & Prperty Cmmittee 16 June 2008 Date Reprt by Dcument Number Head f

More information

Process Improvement Center of Excellence Service Proposal Recommendation. Operational Oversight Committee Report Submission

Process Improvement Center of Excellence Service Proposal Recommendation. Operational Oversight Committee Report Submission Prcess Imprvement Center f Excellence Service Prpsal Recmmendatin Operatinal Oversight Cmmittee Reprt Submissin INTRODUCTION This Prpsal prvides initial infrmatin regarding a pssible additin t a service.

More information

Direct Marketing Production Printing & Value-Added Services: A strategy for growth

Direct Marketing Production Printing & Value-Added Services: A strategy for growth A Queste Cmpany Direct Marketing Prductin Printing & Value-Added Services: A strategy fr grwth Prductin Printing & Media A Multi-Client Study Direct Marketing Prductin Printing & Value-Added Services:

More information

MANAGEMENT'S DISCUSSION AND ANALYSIS. Three and six months ended June 30, 2013 and 2012

MANAGEMENT'S DISCUSSION AND ANALYSIS. Three and six months ended June 30, 2013 and 2012 MANAGEMENT'S DISCUSSION AND ANALYSIS Three and six mnths ended June 30, 2013 and 2012 Selected Cnslidated Financial Infrmatin and Management s Discussin and Analysis This Management s Discussin and Analysis

More information

Better Practice Guide Financial Considerations for Government use of Cloud Computing

Better Practice Guide Financial Considerations for Government use of Cloud Computing Better Practice Guide Financial Cnsideratins fr Gvernment use f Clud Cmputing Nvember 2011 Intrductin Many Australian Gvernment agencies are in the prcess f cnsidering the adptin f clud-based slutins.

More information

The Hungarian Student Loan Scheme

The Hungarian Student Loan Scheme The Hungarian Student Lan Scheme A Brief Intrductin Educatin and Investment Plan fr Eurpe Brussels, 5 Octber 2015 Summary The Prject: The Lan Scheme The Student Lan Centre Financial structure: Funding

More information

Gravesham Borough Council

Gravesham Borough Council Classificatin: Part 1 Public Key Decisin: Please specify - N Gravesham Brugh Cuncil Reprt t: Perfrmance and Administratin Cmmittee Date: 12 Nvember 2015 Reprting fficer: Subject: Crprate Perfrmance Manager

More information

2013 CAS In Focus: Elephants in the Room Seminar. Jun Yan, PhD Hua Lin, PhD, FCAS, MAAA Chicago September, 2013

2013 CAS In Focus: Elephants in the Room Seminar. Jun Yan, PhD Hua Lin, PhD, FCAS, MAAA Chicago September, 2013 2013 CAS In Fcus: Elephants in the Rm Seminar BIG DATA: Big Benefits and Big Challenges Data Challenges in Underwriting Mdel Develpment fr China s Aut Business Jun Yan, PhD Hua Lin, PhD, FCAS, MAAA Chicag

More information

US defeasance and yield maintenance in commercial real estate loans--a view from the European market

US defeasance and yield maintenance in commercial real estate loans--a view from the European market Page 1 This article was first published n Lexis PSL Banking & Finance n 30 April 2014. Click here fr a free trial f Lexis PSL. US defeasance and yield maintenance in cmmercial real estate lans--a view

More information

Medistim ASA Fourth Quarter 2015. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO March 1st, 2016

Medistim ASA Fourth Quarter 2015. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO March 1st, 2016 Medistim ASA Furth Quarter 20 Kari E. Krgstad, President and CEO Thmas Jakbsen, CFO March 1st, 2016 2 Disclaimer The infrmatin included in this Presentatin cntains certain frward-lking statements that

More information

White Paper on Business Process Outsourcing in Automotive Industry

White Paper on Business Process Outsourcing in Automotive Industry White Paper n Business Prcess Outsurcing in Autmtive Industry Intrductin As autmtive industry is stepping int a market landscape which is favrable t it, there is untapped market ptential which is critically

More information

Entrepreneur Purchasing Recommendations for CRM

Entrepreneur Purchasing Recommendations for CRM Entrepreneur Purchasing Recmmendatins fr CRM Salesbm.cm Mst business wners wuld tend t agree that they dn't necessarily think f themselves as entrepreneurs, they are just peple running a business, making

More information

COMMUNITY HEALTH NETWORK, INC. & AFFILIATED ENTITIES Continuing Disclosure Information As of and for the Nine Months Ended September 30, 2015 and 2014

COMMUNITY HEALTH NETWORK, INC. & AFFILIATED ENTITIES Continuing Disclosure Information As of and for the Nine Months Ended September 30, 2015 and 2014 COMMUNITY HEALTH NETWORK, INC. & AFFILIATED ENTITIES Cntinuing Disclsure Infrmatin As f and fr the Nine Mnths Ended September 30, 2015 and 2014 A-1 Cmmunity Health Netwrk, Inc., an Indiana nn-prfit crpratin

More information

NC3A SOA Techwatch Day Call for Presentations

NC3A SOA Techwatch Day Call for Presentations NC3A SOA Techwatch Day Call fr Presentatins 1 February 2012 Hsted at NATO C3 Agency, The Hague, The Netherlands By NC3A Chief Technlgy Office (CTO) David Burtn Chief Technlgy fficer Versin 1, 1 December

More information

Job Profile Data & Reporting Analyst (Grant Fund)

Job Profile Data & Reporting Analyst (Grant Fund) Jb Prfile Data & Reprting Analyst (Grant Fund) Directrate Lcatin Reprts t Hurs Finance Slihull Finance Directr Nminally 37 hurs but peratinally available at all times t meet Cmpany requirements Cntract

More information

City of Gold Coast. Debt Management. Public Statement

City of Gold Coast. Debt Management. Public Statement City f Gld Cast Debt Management Public Statement Octber 2015 This statement explains the City f Gld Cast s debt management apprach and psitin. It includes the fllwing: Overall Financial Psitin Prfit and

More information

MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016

MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016 MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016 The Manitba Securities Cmmissin (the Cmmissin) is a divisin f the Manitba Financial Services Agency (MFSA). The ther divisin is the Financial Institutins

More information

2015/16 HALF YEAR RESULTS

2015/16 HALF YEAR RESULTS 2015/16 HALF YEAR RESULTS Marc Blland Chief Executive OVERVIEW Grup sales +1.4% t 5bn Prfit befre tax +6.1% t 284m Gd prgress against key pririties fr the year: Fd sales grwth GM grss margin imprvement

More information

This report provides Members with an update on of the financial performance of the Corporation s managed IS service contract with Agilisys Ltd.

This report provides Members with an update on of the financial performance of the Corporation s managed IS service contract with Agilisys Ltd. Cmmittee: Date(s): Infrmatin Systems Sub Cmmittee 11 th March 2015 Subject: Agilisys Managed Service Financial Reprt Reprt f: Chamberlain Summary Public Fr Infrmatin This reprt prvides Members with an

More information

Gaylord Entertainment Co. Provides Updates on Impact of Historic Flooding to Nashville Properties

Gaylord Entertainment Co. Provides Updates on Impact of Historic Flooding to Nashville Properties FOR IMMEDIATE RELEASE Gaylrd Entertainment C. Prvides Updates n Impact f Histric Flding t Nashville Prperties - Prvides Updated Cst Analysis and Apprximate Repening Timeline - - Outlines Emplyment Strategy

More information

WELLS FARGO REPORTS RECORD QUARTERLY NET INCOME Q1 Net Income of $5.9 Billion, Up 14 Percent YoY; EPS of $1.05

WELLS FARGO REPORTS RECORD QUARTERLY NET INCOME Q1 Net Income of $5.9 Billion, Up 14 Percent YoY; EPS of $1.05 Media Mary Eshet 704-383-7777 Investrs Jim Rwe 415-396-8216 Friday, April 11, WELLS FARGO REPORTS RECORD QUARTERLY NET INCOME Q1 Net Incme f $5.9 Billin, Up 14 Percent YY; EPS f $1.05 Cntinued strng financial

More information

GALAXY RESOURCES AND GENERAL MINING TO MERGE CREATING LEADING DIVERSIFIED GLOBAL LITHIUM PRODUCER

GALAXY RESOURCES AND GENERAL MINING TO MERGE CREATING LEADING DIVERSIFIED GLOBAL LITHIUM PRODUCER ASX Release 30 May 2016 GALAXY RESOURCES AND GENERAL MINING TO MERGE CREATING LEADING DIVERSIFIED GLOBAL LITHIUM PRODUCER Highlights f the Merger Creatin f a leading diversified glbal lithium cmpany with

More information

CRM and Social Media: Maximizing Deeper Customer Relationships

CRM and Social Media: Maximizing Deeper Customer Relationships Seattle Office: 2211 Ellitt Avenue Suite 200 Seattle, Washingtn, 98121 seattle@avanade.cm www.avanade.cm A glbal IT cnsultancy dedicated t using the Micrsft platfrm t help enterprises achieve prfitable

More information

Derivative Markets and Instruments

Derivative Markets and Instruments 1 Mdule # 6 Cmpnent # 1 This Cmpnent: fcuses n the basics f as part f ur examinatin f Derivatives. assumes a base level f financial thery, but attempts t add a level f practical applicatin. We attempt

More information

4370.4 REV-1. cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.

4370.4 REV-1. cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. CHAPTER 5 STATEMENT OF CASH FLOWS IN DETAIL 5-1 Cash is the lifebld f any nging cncern. Cash is INTRODUCTION the fuel that keeps the business aflat. As was stated in Chapter 2, the Balance Sheet and the

More information

Impact Partnership Business Plan 2011/12. Impact Partnership Payroll Services. Business Plan 2011/12

Impact Partnership Business Plan 2011/12. Impact Partnership Payroll Services. Business Plan 2011/12 Impact Partnership Payrll Services Dcument Cntrl Authr(s) Apprver(s) Issue Dawn Richardsn Draft 1.0 D Darbyshire Draft 4.0 E. Esenu Draft 5.0 D Richardsn Draft 6.0 D Darbyshire D Wild v7 E Esenu D Darbyshire

More information

Captive outsourcing models

Captive outsourcing models Captive utsurcing mdels India TP hygiene wrkshp Presenter: Vishnu Bagri Octber 23, 2013 2013 Transfer Pricing Assciates Hlding B.V. BACKDROP + India has evlved as a premier utsurcing hub fr IT, ITES, engineering

More information

Investments and Fair Value Accounting

Investments and Fair Value Accounting C H A P T E R 15 Investments and Fair Value Accunting Financial Accunting 14e Warren Reeve Duchac human/istck/360/getty Images Investing Cash in Current Operatins Cash may be used t replace wrn-ut equipment

More information

Press Release: 13 January 2016

Press Release: 13 January 2016 Press Release: 13 January 2016 RAPID GROWTH IN MEDICALLY UNDERWRITTEN BULK ANNUITIES AS PENSIONS INSTITUTE REPORT PREDICTS CONVERGANCE BETWEEN APPROACHES Frm a standing start in 2013, 60 transactins wrth

More information

Here are some simple guidelines to follow for making wise investments:

Here are some simple guidelines to follow for making wise investments: FAQ - Investment 1. What affects the value f mney? Mney has a tendency t lse its value ver time because the price f gds and services has an upward tendency. This is called inflatin. Here are sme factrs

More information

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES, SUMMARY PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES, SUMMARY PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES, SUMMARY PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS Cash Accunt Trust Tax-Exempt Prtfli Daily Assets Fund Deutsche

More information

2008 BA Insurance Systems Pty Ltd

2008 BA Insurance Systems Pty Ltd 2008 BA Insurance Systems Pty Ltd BAIS have been delivering insurance systems since 1993. Over the last 15 years, technlgy has mved at breakneck speed. BAIS has flurished in this here tday, gne tmrrw sftware

More information

MANAGEMENT'S DISCUSSION AND ANALYSIS. For the year ended December 31, 2011

MANAGEMENT'S DISCUSSION AND ANALYSIS. For the year ended December 31, 2011 MANAGEMENT'S DISCUSSION AND ANALYSIS Fr the year ended December 31, 2011 Selected Cnslidated Financial Infrmatin and Management s Discussin and Analysis This Management s Discussin and Analysis ( MD&A

More information

President Obama and Secretary Geithner Announce Plans to Unlock Credit for Small Businesses

President Obama and Secretary Geithner Announce Plans to Unlock Credit for Small Businesses THE WHITE HOUSE Office f the Press Secretary FOR IMMEDIATE RELEASE March 16, 2009 President Obama and Secretary Geithner Annunce Plans t Unlck Credit fr Small Businesses Emphasizes Recvery Effrts Already

More information

The actions discussed below in this Appendix assume that the firm has already taken three foundation steps:

The actions discussed below in this Appendix assume that the firm has already taken three foundation steps: MAKING YOUR MARK 6.1 Gd Practice This sectin presents an example f gd practice fr firms executing plans t enter the resurces sectr supply chain fr the first time, r fr thse firms already in the supply

More information

INTRALOT REBOUNDS IN 1Q2016 WITH STRONG EBITDA INCREASE, AND NET DEBT STABILIZATION

INTRALOT REBOUNDS IN 1Q2016 WITH STRONG EBITDA INCREASE, AND NET DEBT STABILIZATION 1 ST QUARTER 2016 RESULTS INTRALOT REBOUNDS IN 1Q2016 WITH STRONG EBITDA INCREASE, AND NET DEBT STABILIZATION May 18 th, 2016 INTRALOT SA (RIC: INLr.AT, Blmberg: INLOT GA), an internatinal gaming slutins

More information

Cognosys Proposal for Hospital Management System. Health Care Cloud Solutions August 3, 2012

Cognosys Proposal for Hospital Management System. Health Care Cloud Solutions August 3, 2012 Cgnsys Prpsal fr Hspital System Health Care Clud Slutins August 3, 2012 Cgnsys Services: Building Futuristic Hspitals Drive tward yur gals f cst reductins and increased prductivity in rder t enhance yur

More information

See, learn, and do more at www.halobi.com

See, learn, and do more at www.halobi.com See, learn, and d mre at www.halbi.cm Dwnlad Case Studies Schedule A Dem Cntact Us US Headquarters 4885 Greencraig Ln San Dieg, CA 92123 Office: (888) 300-0219 inf@halbi.cm APAC Headquarters Level 4, 3

More information

Q3/2014: Solid results driven by slight improvement in advertising revenue in key markets

Q3/2014: Solid results driven by slight improvement in advertising revenue in key markets Q3/2014: Slid results driven by slight imprvement in advertising revenue in key markets Mediengruppe RTL Deutschland remains n track fr anther recrd full-year EBITA Fr the perid January t September 2014,

More information

Trends and Considerations in Currency Recycle Devices. What is a Currency Recycle Device? November 2003

Trends and Considerations in Currency Recycle Devices. What is a Currency Recycle Device? November 2003 Trends and Cnsideratins in Currency Recycle Devices Nvember 2003 This white paper prvides basic backgrund n currency recycle devices as cmpared t the cmbined features f a currency acceptr device and a

More information

Time is Money Profiting from Reduced Cycle Time

Time is Money Profiting from Reduced Cycle Time Time is Mney Prfiting frm Reduced Cycle Time Yur retail custmers are demanding smaller, mre frequent shipments, which increases yur cst-t-serve them. While this makes their inventry mre predictable and

More information

As the new environment is built, several other improvements will be made.

As the new environment is built, several other improvements will be made. Blackbard 9.1 Upgrade Dcument Versin 1.2 Prepared by Bb Upgrade Prject Team Last Edited May 6, 2011 Prject Charter Blackbard 9.1 Upgrade Summary The Blackbard 9.1 Upgrade prject is a partnership between

More information

Financing Options for Government Contractors

Financing Options for Government Contractors Natinal HUBZne Cnference Octber 2015 Financing Optins fr Gvernment Cntractrs 2015 Natinal HUBZne Cnference Dave Bann Streetshares Matt Stavish Republic Capital Access Chad Ludwig Access Natinal Bank Outline

More information

Canada - Investment Strategy 1

Canada - Investment Strategy 1 A. Overall Investment Strategy General Overview Canada - Investment Strategy 1 The Gvernment f Canada will place renewed fcus n the ecnmy, especially as it relates t investing in transit, envirnmental

More information

Competitive Intelligence Report - Market Snapshot Explanations of Numbers Suggestions and Tips

Competitive Intelligence Report - Market Snapshot Explanations of Numbers Suggestions and Tips Cmpetitive Intelligence Reprt - Market Snapsht Explanatins f Numbers Suggestins and Tips The infrmatin cntained in the tw sectins f the Cmpetitive Intelligence Reprt fr each gegraphic regin is f the highest

More information

Service Level Agreement (SLA) Hosted Products. Netop Business Solutions A/S

Service Level Agreement (SLA) Hosted Products. Netop Business Solutions A/S Service Level Agreement (SLA) Hsted Prducts Netp Business Slutins A/S Cntents 1 Service Level Agreement... 3 2 Supprt Services... 3 3 Incident Management... 3 3.1 Requesting service r submitting incidents...

More information

The Patient Choice, Affordability, Responsibility, and Empowerment Act

The Patient Choice, Affordability, Responsibility, and Empowerment Act The Patient Chice, Affrdability, Respnsibility, and Empwerment Act January 30, 2014 In January 2014, Senatrs Richard Burr (NC), Tm Cburn (OK), and Orrin Hatch (UT) made public a prpsal the Patient Chice,

More information

Continuing our solid long term growth: Technological diversification strategy. GAMESA VENTURE CAPITAL Madrid, mayo 2011

Continuing our solid long term growth: Technological diversification strategy. GAMESA VENTURE CAPITAL Madrid, mayo 2011 Cntinuing ur slid lng term grwth: Technlgical diversificatin strategy GAMESA VENTURE CAPITAL Madrid, may 2011 Gamesa, in line with the Business Plan 2011 2013, is prgressing its cmmercial and industrial

More information

Budgeting and Business Performance Management Course Syllabus. Budgeting and Business Performance Management

Budgeting and Business Performance Management Course Syllabus. Budgeting and Business Performance Management Budgeting and Business Perfrmance Management Curse Syllabus Curse name Semester Prgram Majr Availability Teachers respnsible Languages Budgeting and Business Perfrmance Management First year curse Master

More information

Industry Leadership through Innovation, Experience and Execution. Sidoti & Company s Semiannual Micro-Cap Conference January 9, 2012

Industry Leadership through Innovation, Experience and Execution. Sidoti & Company s Semiannual Micro-Cap Conference January 9, 2012 Industry Leadership thrugh Innvatin, Experience and Executin Sidti & Cmpany s Semiannual Micr-Cap Cnference January 9, 2012 Safe Harbr Statement Statements in this presentatin relating t future plans,

More information

Table of Contents. Introduction... 2 Mega-result... 2. Values... 2. Guiding Documents... 3. Current Context... 4

Table of Contents. Introduction... 2 Mega-result... 2. Values... 2. Guiding Documents... 3. Current Context... 4 Table f Cntents Intrductin... 2 Mega-result... 2 Values... 2 Guiding Dcuments... 3 Current Cntext... 4 Backgrund... 5 General Assumptins... 6 Revenue Assumptins... 8 Expense assumptins... 10 Opprtunities

More information

INCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF

INCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF QUESTION WE VE BEEN ASKED QB 15/09 INCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF All legislative references

More information

India vs. China The Outsourcing War

India vs. China The Outsourcing War Flexsin Technlgies (P) Limited India vs. China The Outsurcing War The glbal utsurcing market has evlved ver the years and has redefined the apprach f ding business. The utsurcing vendrs are prviding strategic

More information

What broader insights would you want to explore first to answer the CEO s questions?

What broader insights would you want to explore first to answer the CEO s questions? Setup The CEO f a majr client has requested a shrt-term study examining a small part f the client s prduct prtfli. The cmpany has a small divisin that manufactures autmatic drip cffeemakers fr the US and

More information

Conversations of Performance Management

Conversations of Performance Management Cnversatins f Perfrmance Management Perfrmance Management at Ohi State The Secnd Cnversatin ~ Develpment 2011 The Ohi State University Office f Human Resurces Cntents Intrductin Welcme t Develping Emplyees...

More information

Improved ADP and ACP Safe Harbor Plan Designs

Improved ADP and ACP Safe Harbor Plan Designs Imprtant Infrmatin Plan Administratin and Operatin April 2000* Imprved ADP and ACP Safe Harbr Plan Designs WHO'S AFFECTED This infrmatin applies t defined cntributin plans with a 401(k) feature r emplyer

More information

FundingEdge. Guide to Business Cash Advance & Bank Statement Loan Programs

FundingEdge. Guide to Business Cash Advance & Bank Statement Loan Programs Guide t Business Cash Advance & Bank Statement Lan Prgrams Cash Advances: $2,500 - $1,000,000 Business Bank Statement Lans: $5,000 - $500,000 Canada Cash Advances: $5,000 - $500,000 (must have 9 mnths

More information

UNIVERSITY OF CALIFORNIA MERCED PERFORMANCE MANAGEMENT GUIDELINES

UNIVERSITY OF CALIFORNIA MERCED PERFORMANCE MANAGEMENT GUIDELINES UNIVERSITY OF CALIFORNIA MERCED PERFORMANCE MANAGEMENT GUIDELINES REFERENCES AND RELATED POLICIES A. UC PPSM 2 -Definitin f Terms B. UC PPSM 12 -Nndiscriminatin in Emplyment C. UC PPSM 14 -Affirmative

More information

EXPERIENCE ECONALYSIS CONSULTING SERVICES. William O. Harper

EXPERIENCE ECONALYSIS CONSULTING SERVICES. William O. Harper ECONALYSIS CONSULTING SERVICES William O. Harper Mr. Harper has ver 30 years experience in the design f rates and the regulatin f electricity utilities. While emplyed by Ontari Hydr, he has testified as

More information

CPP INVESTMENT BOARD REPORTS FISCAL THIRD QUARTER PERFORMANCE RESULTS

CPP INVESTMENT BOARD REPORTS FISCAL THIRD QUARTER PERFORMANCE RESULTS CPP INVESTMENT BOARD REPORTS FISCAL THIRD QUARTER PERFORMANCE RESULTS $5 Billin in Investment Incme TORONTO, ON (February 15, 2013): The CPP Fund ended the third quarter f its 2013 fiscal year n December

More information

Employee Engagement Business Case

Employee Engagement Business Case Emplyee Engagement Business Case A Peple & Culture White Paper Emplyee Engagement Business Case Purpse This dcument is a mdule frm the Peple & Culture training curse n Strategic Emplyee Engagement. The

More information

Why Sage CRM? Robert Kramer Managing Consultant, BKD Technologies Sean Mohan President, Strategic Sales Systems

Why Sage CRM? Robert Kramer Managing Consultant, BKD Technologies Sean Mohan President, Strategic Sales Systems Why Sage CRM? Rbert Kramer Managing Cnsultant, BKD Technlgies Sean Mhan President, Strategic Sales Systems Why CRM Systems Custmer relatinship management (CRM) helps businesses t gain an insight int the

More information

Service Center Budget and Staffing Review. November 10, 2014

Service Center Budget and Staffing Review. November 10, 2014 Service Center Budget and Staffing Review Nvember 10, 2014 Recmmendatin New Develpments Impacting Service Center Vlumes: The increase in net share fr APTC custmers and a 45% increase in the number f custmers

More information

CDC UNIFIED PROCESS PRACTICES GUIDE

CDC UNIFIED PROCESS PRACTICES GUIDE Dcument Purpse The purpse f this dcument is t prvide guidance n the practice f Business Case and t describe the practice verview, requirements, best practices, activities, and key terms related t these

More information

Nature of the investment

Nature of the investment March 2014 Real Estate and Capital Markets Bulletin The Mrtgage Investment Crpratin - an Alternative Lender Intrductin In 1973, the federal gvernment intrduced measures aimed at stimulating investments

More information

Web Development the Next Steps

Web Development the Next Steps Web Develpment the Next Steps Significant prgress has been made n the redesign f the Western Washingtn University hme page. The ATUS Web Services team has wrked hard in cllabratin with the University Cmmunicatins

More information

Guillaume de Posch, Co-CEO. London, 4 September 2013

Guillaume de Posch, Co-CEO. London, 4 September 2013 Guillaume de Psch, C-CEO Lndn, 4 September 2013 The leading Eurpean entertainment netwrk Agenda HALF-YEAR HIGHLIGHTS Strategy Update The leading Eurpean entertainment netwrk 2 RTL Grup with strng perfrmance

More information

Communications Campaign Manager (15 Months Fixed Term Contract) Grade 4

Communications Campaign Manager (15 Months Fixed Term Contract) Grade 4 Cmmunicatins Campaign Manager (15 Mnths Fixed Term Cntract) Grade 4 Jb descriptin Jb title: Divisin: Cmmunicatins Campaign Manger Marketing Date: August 2015 Reprting t: Main cntacts: Marketing Manager

More information

RI Student Loan Authority

RI Student Loan Authority RI Student Lan Authrity Executive Summary f Strategic Plan Apprved by RISLA Bard f Directrs Octber 17, 2014 Missin Statement: Cnsistent with the authrity granted by the General Assembly f the State f Rhde

More information

Can Expanding Rooftop Solar Coexist with Traditional Electric Utilities?

Can Expanding Rooftop Solar Coexist with Traditional Electric Utilities? Can Expanding Rftp Slar Cexist with Traditinal Electric Utilities? Rbert M. Marglis Natinal Renewable Energy Labratry Presented at: GLF Electricity Seminar Schl f Advanced Internatinal Studies Jhns Hpkins

More information