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Owena

CORPORATE PRESENTATION

DECEMBER 2016

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Owena

Why ? Our Approach

Identify all uncertainties that

can affect the expected outcome

on activities and projects.

Risk control initiatives refer to

loss prevention measures or risk

mitigation strategies.

Optimize a blend of risk retention and

risk transfer techniques

(including, but not limited to insurance).

RESPONSE

Control Assess

Assess the materiality of each

uncertainty (likelihood of

occurrence) and their impact

Internal and External Communication

ANALYSIS

A COST-EFFECTIVE RISK RESPONSE

Only one weak link can make the whole chain VULNERABLE.

Consistency & Transparency

Integrity & Fair Dealing

Proactivity & Passion

Rigorous Methodology

Independent Advisors

Commitment

How ?

Finance Identify

Constant Improvement

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Owena A UNIQUE RISK MANAGEMENT TOOL

A Sound Internal Control Environment

A Continual risk Assessment

An Optimized Reporting Process

Specific Training Programs

A Personalized Recruitment Approach

INTERNAL CONTROL

Internal audit

Delivering Shareholde

rs results

INTERNAL AUDIT

OPTIMIZED REPORTING

TRAINING

RECRUITMENT

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Internal Process

Closing File

Transition to IFRS

Training and Tutorship

Personalized Recruitment

Fast Close

Management Account

Budget and Forecast

Risk Mapping

Internal Questionnaire

Finance Manual

OUR SOLUTIONS

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INTERNAL CONTROL

INTERNAL AUDIT

TRAINING RECRUITING

OPTIMIZED REPORTING

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Owena A SOUND INTERNAL CONTROL ENVIRONMENT

We create or reinforce your internal control through a risk optimization against reward by designing mapping, questionnaire and specific procedures.

This process assumes an ability to communicate with stakeholders about the nature of risk, develop a sound internal tool so that the company can respond effectively to the occurrence of unexpected events.

Our Ambition

Your Objectives Our Approach

Your Risk Assessment

Get a risk mapping to clarify roles and responsibilities and to ease the root cause analysis.

Implement a financial manual describing accounting, reporting, organizational and internal control principles.

Provide transparency to your board of directors, your shareholder and your auditors.

Existing documentation

Risk assessment

Key controls

Scorecard by activity

Weighted key controls

Standardized template

Procedures & policies

Visual process flow

Accounting rules

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Risk Mapping

Internal Questionnaire

Finance Manual

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Owena A CONTINUAL RISK ASSESSMENT

We assess the quality of your internal control framework through audit on your process, your closing files and your financial statements.

We standardize and optimize your closing file by converting it to an interactive tool.

This process implies a hands-on, proactive and factual expertise using your own business particularities and constraints.

Our Ambition

Your Objectives Our Approach

Your Risk Assessment

Assess the governance process, the respect of financial procedures along with the compliance with local laws and regulations.

Ensure financial statements are reliable and closing files properly documented.

Implement IFRS consolidated accounts.

Performance audit

Diagrams

Synthetic presentations

Accounting manual

Training booklet

Transparency

Remote control view

Interactive tool

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Closing File

Transition to IFRS

Internal Process

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Owena AN OPTIMIZED REPORTING PROCESS

We standardize financial reporting to make it easily understood, to decrease the restatement risk and to shorten the time to release it.

We assist in system implementation by designing key rules and by providing an independent view to select the tool and integrator.

This process improves data quality and reliability.

Our Ambition

Your Objectives Our Approach

Your Risk Assessment

Define a standard chart of account and investigate how to shorten the closing process.

Leverage technology to enable process efficiencies, eliminate spreadsheets and replace disparate systems.

Implement key performance indicators to monitor cost saving plan and closing process.

A standard chart of account

An integrated reporting system

Tool global design

Workshops & interviews

Independent view

Scoping & planning

Monitoring

Key performance indicators

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Fast Close

Management Reporting

Budget and Forecast

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Owena TRAINING PROGRAMS

We create and develop training solutions for non-finance team by introducing finance, valuation and internal control topics.

We leverage finance team technical skills by delivering customized training or tutorship programs.

This process is defined to assess training needs, then map it and ensure it is run efficiently.

Promote risk management, internal control, cash management and key ratios across all departments.

Deliver best practices and training for finance team.

Assess the existing finance training program.

Forecasting and Budget

Cash Flow

Key Ratios

Accounting Standards

Internal Control

Business game design

Tutorship program

Hands-on training program

Training and Tutorship

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Our Ambition Your Risk Assessment

Your Objectives Our Approach

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Owena PERSONALIZED RECRUITMENT

Accountant

Internal Auditor

Finance Manager

Project Coordinator

Financial Controller

Commitment and leadership

Technical expertise

Business partner relationship

Independent advisors

The Right team at the Right place at the Right time

We assist in the identification of the right finance team member by challenging their technical skills.

We conduct personalized performance interview to develop your finance team.

This process is defined to build up a talent pipeline around the world.

Ensure the valuable candidates to be recruited have sufficient technical skills and expertise.

Get an independent view on your recruitment choice.

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Our Ambition Your Risk Assessment

Your Objectives Our Approach

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APPENDIX

DECEMBER 2016

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Owena RISK MAPPING

Step Process Modeling Cross-Function Mapping Tool

Roles and responsibilities

Project scope and deadline

Rules and actors

CONTROL IMPROVE ANALYSE MEASURE DEFINE

Data collection

Diagrams

Brainstorming exercises

Root cause

Cause and effect diagram

Roles, tasks and transactions

Key controls

Recommendations

Corrections taken into account to fit reality

Audit and control

Project management

Final validation

Roles Better Defined

Who needs to be consulted before decision ?

Who decides ?

Who executes ?

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Our Solution

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Owena SELF-CONTROL QUESTIONNAIRE

Provide a reasonable assurance on the achievements of operations effectiveness and reliability of financial statements, compliance with applicable laws and regulations, safeguarding of resources and fraud prevention.

Ensure the internal control covers all group entities (subsidiaries, branches, joint venture and head office).

Your Objectives Scorecard Sheet

Effective Internal Control Tool

The internal control questionnaire is used to report internal control deficiencies and corrective actions.

The scorecard is weighted since some key controls are considered more important than others.

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Owena FINANCIAL MANUAL

Table of content, list of procedures and reviewers

Project scope, deadline, action plan, task allocation

Key rules for every topics

MONITOR DESIGN DEFINE

Procedure content

Pilot procedure writing

Final validation

Procedures Dispatched

Roles and responsibilities

Key controls

Accounting entries

Connection with different process

Methodology

Benchmarking with best practices

Quality review

Business process

Transactions

Tasks

Process 10.2.2 Process payroll

Process 10.5

Manage the tax

function

Calculate tax

withholding

Calculate premiums

for government

welfare programs

Calculate premiums

for company benefit

programs

Record employee

compensation data

Monitor time and

attendance

Remit deductions to

appropriate agencies

Disburse pay

Calculate gross pay

Update employee

earnings record

Process 8.3.2

Recruit, select,

and hire

employees

Calculate net pay

Calculate

garnishments and

other deductions

Shapes

A connection to a different process

An input to an activity or an outcome of an activity

An activity or a task

An evaluation, decision, or inspection point

A connection with another activity or decision point within the process

Teamwork approach

Weekly project status

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Our Solution

Manual Modeling Cross-Function Modeling Tool

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Owena INTERNAL PROCESS

Our Solution

Our Objectives Our Assignments

Problem definition

Activity constraints

Key actors to be interviewed

DISPATCH EXECUTE ASSESS UNDERSTAND

Diagrams

Discrepancies analyzed

Findings discussed and validated

Appropriate recommendations

Action plan

Visual process flow

Communication and presentation

Final validation

High-decision points

Action plan follow-up

Additional assignments

Methodology

Practical Reports

Independent advisors

Factual approach

Consult prior to final validation

MONITOR

Transactions illustrated

Interviews

Information system identified

Papers and electronic evidence preserved

Compliance audit

Performance audit

M&A audit

Audit Committee

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Owena CLOSING FILE

Our Solution

Closing Tasks Advancement Status

Closing calendar

Closing process description

Capture entries

MONITOR ASSESS UNDERSTAND

Accounting rules

Documentation

Approval process

Closing deadline

Audit track and cross-references

Weekly project status

Key controls

Electronic evidence

Analytical review

More Transparency

Better communication

Remote control

Interactive tool

STANDARDIZE

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Owena TRANSITION TO IFRS

Our Solution

Best Practices Chart Of Account

Project scope

Deadline

Chart of accounts

APPROVE EXECUTE ANALYSE UNDERSTAND

First estimate diagnosis

Benchmarking on best practices

Disclosure

Accounting manual

Training booklet

Instruction

Restatement analysis

Final validation

Disclosure

Action plan

IFRS forum

Alert about update

Process Formalized

Accounting manual

Training booklet

Instruction

MONITOR

Disclosure by activity

Checklists

Memorandums and norms

IFRS Gaap analysis vs. local accounts

Simplified chart of account

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Owena FAST CLOSE

Our Solution

Project scope

Key rules

Key actors and approvers

MONITOR APPROVE ANALYSE MEASURE DEFINE

Data collection

Closing process

Information system

Issues and bottlenecks

Root cause classification

Prioritization of recommendations

Presentation and final validation

New policies

Closing calendar and tasks

Corrective action

Project advancement

Closing Time Reduced

Information simplified and standardized

Risk of restatement reduced

Timely and consistent information

A closing procedure and a monthly schedule on key dates and interdependent tasks

Inconsistent chart of account

No formal closing procedure

Closing process too slow

System not integrated

One standard and simplified chart of account with each account carefully defined with a logic numbering structure

A reduction of manual journal entries and an investigation on the opportunity to perform some closing activities before month-end

One integrated system implemented to collect and consolidate financial information

Common Issues Action Plan

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Owena MANAGEMENT ACCOUNT

Our Solution

Stakeholders

Project scope

Activity constraints

MONITOR IMPLEMENT SELECT DESIGN DEFINE

Process description

Reporting rules

Specifications

Request for proposal

Cost analysis

Solution functionalities

Technical design

Template modeling

Historical data retrieval

Detailed closing calendar

Work in progress status

Team constraints

Real-Time Decision

Standardized reporting templates

Higher ability to make real-time decisions

Project Planning

Forecast & budget cycles

Chart of account

Key controls mapping

Historical data retrieval

User training

Security and workflows

Workshops

General design

Tool selection

Technical design

User acceptance

Historical data retrieval

Training

Application set up

Project Management

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Owena BUDGET AND FORECAST

Our Solution

Instruction

Reporting rules

Accounts coding and cost allocation

MONITOR SIMPLIFY STANDARDIZE UNDERSTAND

Key performance indicators

Template modeling

Quality control

Advancement status

Benchmarking with best practices

Deadline compliance status

Less Uncertainties

Key performance indicators set up

Cost saving plan monitored

Cost Saving Identification

Key dates

Activity guidance

Workshops and interviews

DEFINE CHALLENGE MONITOR

Risks and opportunities

Materiality Threshold

Key actors

Collect and synthetize

Consistency with targets

Site interviews

Action plan

Standardized method

Team allocation

Action plan

Contract management

Activity, geography and project review

Benchmarking vs. peers

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Owena TRAINING AND TUTORSHIP 10

Business Game Simulation - Learning Objectives

SWOT and current-year financial analysis.

Mid-term vision and ambition (business model, milestones and goals).

Marketing strategy (product, price, place, promotion).

An operational, sales, HR and investment plan.

A social responsibility plan (environment, quality and safety).

Forecasted financial statement, ratio and metrics.

Financial Controller Courses - Learning Objectives

A business partner role (educator and communicator).

Accounting principles (French and IFRS).

Financial statement building.

Ratio and metrics.

Generating cash from project.

Management accounts and forecasting.

Treasury and tax management.

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Owena THE RIGHT TEAM AT THE RIGHT PLACE

Skills Development

Define skills needed

Assess technical skills

Performance culture

Happiness environment

Talent Pipeline

Our technical finance expertise will assist you:

Either at job application drafting

Or at shortlisting

Or for final selection

Key Talent Identification

Technical expertise and skills

Full flexibility at any stage

Self-assessment skills

Evaluate achievements and progress

Skills development and tutorship

Prioritize development

needs

DEFINE IMPLEMENT MONITOR

Performance review

Customized training program

DEFINE IMPLEMENT MONITOR

Job description

Level of experience

Profile of candidates

Technical interview

Finance expertise

Joint know-how

Feedback

Independent advisors

Commitment

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Personal Development

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Our Team

Mr. Brasseur has nearly 20 years’ experience of audit, finance, controlling and M&A in oil services, mining, construction and aerospace industries. Prior to creating Owena Consulting, he served as a Group Controller for Desmet Ballestra from 2011 to 2012 and since 2013 as a Finance Director for La Mancha. He started his career as an auditor and consultant at PWC, then held several finance management positions at Safran, Geoservices and Schlumberger covering Europe, Africa and South Asia. Mr. Brasseur is graduated from Skema Business School. He is able to speak French, English, Spanish and Indonesian.

Oil and Mining

Manufacturing Agri-Business

OUR KNOW-HOW

Construction

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Owena

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THANKS

About Owena Consulting Owena Consulting is a French privately held consulting firm with a share capital of 10,000 euros. For more information, please visit www.owena.fr