2024-11-06_Deloitte_GuestLecture_final

Deloitte Financial Restructuring for Financial Institutions Overview

• Guest Lecture Date: November 6, 2024

• Content includes: Introduction, About Deloitte, Financial Restructuring for Financial Services Industry (FSI), HSH Nordbank Privatization, Career Opportunities at Deloitte.

Guest Lecturer Introductions

• Thomas Heimhilcher

  • Role: Director

  • Location: Hamburg, Germany

  • Contact: +49 151 61039 199, Email: theimhilcher@deloitte.de

• Christoph Roessle

  • Role: Partner

  • Location: Köln, Germany

  • Contact: +49 151 7027 1944, Email: croessle@deloitte.de

• Lea Sievers

  • Role: Manager

  • Location: Hamburg, Germany

  • Contact: +49 170 1201 936, Email: lesievers@deloitte.de

About Deloitte

• Overview of Deloitte's business units including Risk Advisory, Consulting, and Financial Advisory.

• Business unit focus encompasses M&A, Transaction Services, Turnaround & Restructuring, and more.

• Revenue figures showcase strong growth with total revenue of USD 64.9 billion in FY2023 and approx. 457,000 global employees.

• Major revenue contributions with highlights:

  • Financial Advisory: EUR 282 million

  • Consulting: EUR 1.135 billion

  • Tax and Legal: EUR 343 million

  • Audit & Assurance: EUR 574 million

Deloitte Business Units and Performance

• Global employees total approximately 457,000 with a significant presence in Germany (12,564 employees).

• Noteworthy achievements:

  • Ranked top in various industry rankings.

  • 132,700 new hires worldwide contributing to an extensive talent pool.

Financial Restructuring Services at Deloitte

• Services under Financial Advisory categorized into various areas such as:

  • M&A Due Diligence

  • Operational and Financial Restructuring

  • Forensic Services

  • Corporate Restructuring and Contingency Planning.

• Focus on Financial Services Institutions (FSI) providing tailored services for banking sector challenges.

Financial Services Industry (FSI) Overview

• Definition: Encompasses services offered specifically for financial institutions

• Structured service pillars:

  • Strategy: Business evaluation and transformation

  • Transaction: Optimizing capital structures and processes

  • Transformation: Restructuring for efficiency

  • ESG & Revolving Services: Tailored solutions for environmental, social, and governance concerns.

• Key personnel in FSI include over 1,500 employees in Germany.

HSH Nordbank Privatization Case Study

• Background: HSH Nordbank became a key player in maritime financing but encountered significant challenges post-financial crises, leading to losses and defaults on loans.

• Privatization occurred as part of EU Commission conditions stipulated for continued state support, culminating in the bank's rebranding to Hamburg Commercial Bank (HCOB).

• A strategic restructuring was undertaken including drastic cuts in balance sheet size and focus on core activities.

Financial KPIs before and after Privatization

• FY2009 to FY2021 comparisons in critical metrics:

  • Balance Sheet: 185 bn EUR (2009) down to 33.8 bn EUR (2021)

  • Return on Equity (ROE): From -20% (2009) to +5.9% (2021)

  • Non-Performing Loan (NPL) ratios significantly improved.

Career Opportunities at Deloitte

• Ideal candidates should possess degrees in economic sciences, business informatics, or similar fields.

• Key skills include strong analytical abilities, teamwork, communication, and fluency in German and English.

• Application process: various stages from online search to interviews and onboarding.

Confidentiality Statement

• Note on confidentiality pertaining to Deloitte’s reports and their use within the client’s context.

• Information must not be shared externally without consent unless required by law.