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GAZPROM GERMANIA GMBH TRANSPARENT LIQUIDITY ANALYSIS WITH SAP
2015-NOV-25 STRUCTURED FINANCE, STUTTGART
TRANSPARENT LIQUIDITY ANALYSIS WITH SAP
AGENDATRANSPARENT LIQUIDITY ANALYSIS WITH SAP
1.0 Company Profile OAO GAZPROM
2.0 Introduction Gazprom Germania Group
3 0 Initial Project Situation3.0 Initial Project Situation
4.0 Project Goals and Set Up
5.0 Project Results and Outlook
6.0 Discussion
2015-NOV-25 STRUCTURED FINANCE, STUTTGART2
1 OAO GAZPROM
GAZPROM FACTS1 OAO GAZPROM
F d ti 1993— Foundation: 1993
— Based in Moscow
Business lines: geological exploration— Business lines: geological exploration, production, transportation and sales of gas, liquefied natural gas (LNG), oil and electric power
— Pipelines: 162,000 km
— Staff: 400,000
— World's largest producer and exporter of gas
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1 OAO GAZPROM
MAIN BUSINESS LINE GAS PRODUCTION1 OAO GAZPROM
— RESULT:
GAZPROM, with a market share of15% of global and 77% of Russian15% of global and 77% of Russianproduction, is the world's largest naturalgas producer.
647
509
670
513
655
525
Production Russia total in bn m³ Production GAZPROM Group in bn m³ * Data for 2012: Prognosis
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1 OAO GAZPROM1 OAO GAZPROM
GAZPROM IN EUROPE
GAZPROM exports 2011 in m3 GAZPROM exports 2012 in m3
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TRANSPARENT LIQUIDITY ANALYSIS WITH SAP
AGENDATRANSPARENT LIQUIDITY ANALYSIS WITH SAP
1.0 Company Profile OAO GAZPROM
2.0 Introduction Gazprom Germania Group
3 0 Initial Project Situation3.0 Initial Project Situation
4.0 Project Goals and Set Up
5.0 Project Results and Outlook
6.0 Discussion
2015-NOV-25 STRUCTURED FINANCE, STUTTGART6
2 1 BRIEF INTRODUCTION GAZPROM GERMANIA
WHO WE ARE2.1 BRIEF INTRODUCTION GAZPROM GERMANIA
— Subsidiary of the world’s largest gas company, Moscow-based GAZPROM
— Owned by Russian company Gazprom export, which is headquartered in St Petersburg
— Year of establishment: 1990
— International group of companies that operates worldwide with around 40 subsidiaries in more than 20 countries in Europe and Asia
— Management: Vyacheslav Krupenkov (Senior Managing Director) and Andrey Biryulin(Managing Director)
— Employees: around 1,200, of which 200 work in Berlin
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2 1 BRIEF INTRODUCTION GAZPROM GERMANIA
BUSINESS AREAS2.1 BRIEF INTRODUCTION GAZPROM GERMANIA
NATURAL GAS TRADING NATURAL GAS STORAGE
NATURALGAS FORTRANSPORTTRANSPORT
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2 2 BUSINESS ACTIVITIES2.2 BUSINESS ACTIVITIES
NATURAL GAS STORAGE
BERGERMEER
ETZEL
KATHARINAWorking gas: 4.1 billion cubic metresTYPE: PORE STORAGE
Working gas: 1 billion cubic metresTYPE: CAVERN STORAGE
SALTFLEETBY
KATHARINA
DAMBOŘICE
Working gas: 0.75 billion cubic metres
Working gas: 0.46 billion cubic metresTYPE: PORE STORAGE
Working gas: 0.6 billion cubic metresTYPE: CAVERN STORAGE
JEMGUM
HAIDACH I/IITYPE: PORE STORAGE
Working gas: 0.9 billion cubic metresTYPE: CAVERN STORAGE
Working gas: 1.2-2.6 billion cubic metresTYPE: PORE STORAGE
REHDEN
BANATSKI DVOR TARSUS
TYPE: CAVERN STORAGE
Working gas: 4.4 billion cubic metres
Working gas: 0.45 billion cubic metresTYPE: PORE STORAGE
Working gas: 0.9 billion cubic metresTYPE: CAVERN STORAGE
(planning phase)Working gas: 4.4 billion cubic metresTYPE: PORE STORAGE
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2 2 BUSINESS ACTIVITIES2.2 BUSINESS ACTIVITIES
NATURAL GAS FORTRANSPORT
GAZPROM G i i itt d t— GAZPROM Germania is committed to developing an infrastructure with which to supply ships, trucks, and passenger cars with compressed and liquefied natural gas.
— GAZPROM Germania plans to be operating at least 44 natural gas filling stations in Germany and around 30 in Poland, the Czech Republic, and Slovakia by the end of 2016and Slovakia by the end of 2016.
— Together with other GAZPROM Group companies, GAZPROM Germania is taking initial steps towards developing the infrastructure p p grequired to use LNG in the maritime sector.
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2 2 BUSINESS ACTIVITIES2.2 BUSINESS ACTIVITIES
SUBSIDIARIES ANDINVESTEES
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2 3 GAZPROM GERMANIA GMBH2.3 GAZPROM GERMANIA GMBH
2015 FIRST-HALF FIGURES
REVENUE NATURAL GAS AND LNG SALES EBITMILLIONS OF EUROS BILLIONS OF CUBIC
METRESMILLIONS OF EUROS
5 966 3 110 9 440 915,916.8
189.02014
-23.32014
NET DEBT TO EBITDA TOTAL ASSETS
5,966.3 110.9 440.930 June 2015 30 June 2015 30 June 2015
82014
13,742.2
2013
2014158.4
2013
2014267.3
2013
EQUITY RATIO1
RATIOMILLIONS OF EUROS PER CENT
6,942.5 55.9 -1.330 J 2015 30 J 2015 30 J 2015
7,034.32014
6,150.52013
45.6201456.82013
-10.42014-1.52013
1 Based on the average of equity measured at the beginning of the financial year and the end of the financial year
30 June 2015 30 June 2015 30 June 20152013 2013 2013
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TRANSPARENT LIQUIDITY ANALYSIS WITH SAPAGENDATRANSPARENT LIQUIDITY ANALYSIS WITH SAP
1.0 Company Profile OAO GAZPROM
2.0 Introduction Gazprom Germania Group
3 0 Initial Project Situation3.0 Initial Project Situation
4.0 Project Goals and Set Up
5.0 Project Results and Outlook
6.0 Discussion
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3 INITIAL PROJECT SITUATIONCHALLENGES AND PROJECT DRIVERS3 INITIAL PROJECT SITUATION
Manual analysis of actual values is very complex y y p
Error-prone manual categorization of actual values
Complex posting logic to process GPG transactions
Manual provision of actual values for plan/actual analysis (xls)
Transfer of directly determined liquidity to indirect liquidity analysis GAZPROM
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3 NOTE
DIRECT VS. INDIRECT CASH FLOW STATEMENT IN BUSINESS PRACTICE
3 NOTE
Indirect cash flow statement
Derivedt l h fl
Direct cash flow statement
Actual h flElements actual cash flows
AnnuallyQuarterly
cash flows
AnnuallyQuarterlyMonthly
12-24 months
Elements
Frequency
Fiscal year
Balance sheet, income t t t P&L
4-6 weeks12 24 months (rolling)
Actual incoming and outgoing payments ( h fl th t b d t i d tl )
Horizon
Data sources statement, P&L
–
(cash flows that can be determined correctly)
External Banks In-House Bank
Data sources
Data provider
Controlling TreasuryAccountability
Financial Accounting Cash Management
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3 INITIAL PROJECT SITUATION
CHALLENGES IN CASH FLOW GROUP REPORTING
3 INITIAL PROJECT SITUATION
GPG Group Reporting
E t l C h Fl St t tI t l C h Fl St t t External Cash Flow StatementInternal Cash Flow Statement
Monthly Cash Flow Statement
Cash Flowaccording to IAS 7mb
H
Statement according to IAS 7
Direct Method Indirect/Direct MethodGPG
Gm
Monthly Cash Flow Statement
Cash Flowaccording to IAS 7Gr
oup
g
Indirect Method Indirect MethodGPG
G
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TRANSPARENT LIQUIDITY ANALYSIS WITH SAP
AGENDATRANSPARENT LIQUIDITY ANALYSIS WITH SAP
1.0 Company Profile OAO GAZPROM
2.0 Introduction Gazprom Germania Group
3 0 Initial Project Situation3.0 Initial Project Situation
4.0 Project Goals and Set Up
5.0 Project Results and Outlook
6.0 Discussion
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4 INITIAL PROJECT SITUATION
GOALS OF THE PROJECT4 INITIAL PROJECT SITUATION
Acceptance
Transparency
Efficiency
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4 1 INITIAL PROJECT SITUATION
GOALS OF THE PROJECT – IN DETAIL4.1 INITIAL PROJECT SITUATION
Efficiency Transparency Acceptance
Acceptance Prompt determination of direct h fl d t t t d
Create standardized reporting t t f thl C h Fl
Creation of cross-department d t di f ti f
Transparency
cash flows due to automated connection and integration of relevant plan data sources to the "Internal Cash Flow Statement" of GPG
structure for monthly Cash Flow Statement at GPG
Complete provision of all cash flow data
understanding of options for analysis and evaluation of cash flow
Step-by-step integration of ffili t d i i th
Efficiency
Statement of GPG Reducing manual effort and
resulting faultiness for analysis and assignment of liquidity categories
Detailed results of analysis and provision of relevant information with help of a system-based drill down function to individual
h fl l l
affiliated companies in the process of direct determination of actual and plan cash flows
Creation of homogenous data b i f f t l / t lcategories cash flow level basis for future plan/actual reporting in SAP BI
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4 2 PROJECT GOALS AND SET UP
TARGET DESIGN FOR PROCESSING OF CASH FLOW GROUP REPORTING
4.2 PROJECT GOALS AND SET UP
GPG Group Reporting
Internal Cash Flow Statement
External Cash Flow Statement
Internal flexibly designable Cash Flow Reporting
Acceptance
Statement
MonthlyCash Flow
Statement
Cash Flowaccordingmb
H
Cash Flow Reporting
Monthlysystem based
Transparency
Statement
Indirect Method
gto IAS 7
Indirect MethodGPG
Gm
yCash Flow Statement
Direct Method
Efficiency
MonthlyCash Flow Statement
Cash Flowaccordingto IAS 7Gr
oup Monthly
system basedCash Flow
Indirect Method Indirect MethodGPG Statement
Direct Method
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4 2 PROJECT GOALS AND SET UP
ESSENTIAL PROJECT STEPS4.2 PROJECT GOALS AND SET UP
Status quo Documentation of current structures, processes and functional, technical,
process and project-specific requirements for the liquidity analysis and planning of GAZPROM Germania
AcceptanceStatus
analysis
Analysis of processes in regard to functional and methodical efficiency Analysis and assessment of functional, technical and process requirements
in regard to realization in SAP
TransparencyHigh-level
design High-level design of future target processes of liquidity management Binding estimate of realization phase for liquidity analysis
EfficiencyPrototype
Set up prototype for liquidity actual analysis on the basis of existing SAP system environment with real data
Go Live + Stabilization
GPG design and realization of liquidity actual analysis for GAZPROM Germania
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4 2 PROJECT GOALS AND SET UP4.2 PROJECT GOALS AND SET UP
FUNCTION OVERVIEW "SAP LIQUIDITY PLANNER"
— The Liquidity Planner is based on data from information and actual accounts
Actual accounts: show liquid funds (e.g., bank, cash)
f f Information accounts: provide information needed to assign proper liquidity position to cash flow (e.g., P&L accounts)
An actual account cannot be an information account at the same time!
— The individual items of the posted bank statement/actual G/L account form the basis of each analysis
— Information about cash flows is mirrored in the liquidity positions that were determined using the direct method.
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4 2 PROJECT GOALS AND SET UP4.2 PROJECT GOALS AND SET UP
ANALYSIS OF LIQUIDITY WITH SAP LIQUIDITY PLANNER
— Analysis of bank statement information by access to bank data storage— FI research on debtor/creditor G/L accounts— Invoice research
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4 2 PROJECT GOALS AND SET UP
PROCESS OF LIQUIDITY ANALYSIS WITH SAP LIQUIDITY PLANNER AT GAZPROM GERMANIA GROUP
4.2 PROJECT GOALS AND SET UP
SAP Electronic Bank Statement (MT940)
AcceptanceAutomatic assignment mechanism
Transparency
mechanism
Assignment result Assignment log Calibration of no
Efficiency
gsatisfactory?
g gparametersno
yes
Actual dataAnalysis reports
(Info system)
Data extraction Excel
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4 2 PROJECT GOALS AND SET UP
SETUP AND STRUCTURE OF LIQUIDITY POSITION AT GPG - EXAMPLE
4.2 PROJECT GOALS AND SET UP
— 16 digit number for all liquidity items
• Liquidity area : 1 = operating 2 = investments 3 = finance1 q y p g
• Liquidity group : to devide area into groups / subgroups e.g. revenue – revenue InterCo or longterm loan – repayment
1 1 1
• GP intern / extern : 0 = GP extern 1 = GP intern
• Money in / out : 0 = inbound payment 1 = outbound payment
1
1
• Partner : 6 digit partner ID used in every posting in ERP (“Verbundkennzeichen”)
• Project ID : if certain postings are allocated to WBS-elements
x x x x x x
x x x Project ID : if certain postings are allocated to WBS elements
— All positions with “x” are derived at runtime with user-exit
x x x
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4 2 PROJECT GOALS AND SET UP
CHALLENGES IN SCOPE OF REALIZATION PROJECT
4.2 PROJECT GOALS AND SET UP
Complete entry of cash flows on actual accounts has to be shown
Liquidity PlannerLiquidity Planner
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TRANSPARENT LIQUIDITY ANALYSIS WITH SAP
AGENDATRANSPARENT LIQUIDITY ANALYSIS WITH SAP
1.0 Company Profile OAO GAZPROM
2.0 Introduction Gazprom Germania Group
3 0 Initial Project Situation3.0 Initial Project Situation
4.0 Project Goals and Set Up
5.0 Project Results and Outlook
6.0 Discussion
2015-NOV-25 STRUCTURED FINANCE, STUTTGART27
5 PROJECT RESULTS AND OUTLOOK
ESSENTIAL PROJECT RESULTS –CASH FLOW REPORT
5 PROJECT RESULTS AND OUTLOOK
0 Buffer; Error, Carryforward0 Buffer; Error, Carryforward Total
Total of amount in LCResult Total
Total1 CF Operative Task Sales Revenue Total
Material a. misc. costsPersonnel paymentsOverheadPaid or refunded taxes
2 CF Investment
Interest paidMisc.
Payments for investmentsPayments for granted loansRP t d l
3 Financing
RP granted loansInterest received
IC Cash ManagementLoans and Credit Total
— Reporting and Detailed Analysis in Excel / Pivot
Result Total
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5 PROJECT RESULTS AND OUTLOOK
ESSENTIAL PROJECT RESULTS –OVERVIEW
5 PROJECT RESULTS AND OUTLOOK
Efficiency Transparency Acceptance
Prompt determination of direct
h fl d t t t d Create standardized reporting
t t f thl C h Fl Creation of cross-department
d t di f ti f
cash flows due to automated connection and integration of relevant plan data sources to the "Internal Cash Flow Statement" of GPG
structure for monthly Cash Flow Statement at GPG
Complete provision of all cash flow data
understanding of options for analysis and evaluation of cash flow
Step-by-step integration of ffili t d i i thStatement of GPG
Reducing manual effort and resulting faultiness for analysis and assignment of liquidity categories
Detailed results of analysis and provision of relevant information with help of a system-based drill down function to individual
h fl l l
affiliated companies in the process of direct determination of actual and plan cash flows
Creation of homogenous data b i f f t l / t lcategories cash flow level basis for future plan/actual reporting in SAP BI
29 2015-NOV-25 STRUCTURED FINANCE, STUTTGART
5 PROJECT RESULTS AND OUTLOOK
OUTLOOK5 PROJECT RESULTS AND OUTLOOK
S t id
Integration of affiliated companies in process of direct
d t i ti f
Integration of results
Set up group-wide user-defined
liquidity reporting with additional
flexible analysis
determination of actual and plan
cash flows.
Integration of results from liquidity
analysis in SAP BI
flexible analysis options
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5 PROJECT RESULTS AND OUTLOOK
INTEGRATION OF RESULTS OF LIQUIDITY ANALYSIS IN SAP BI REPORTING
5 PROJECT RESULTS AND OUTLOOK
SAP Electronic Bank Statement (MT940)
Plan data (direct cash flow)
Automatic assignment mechanism SAP BW Reportsmechanism
Assignment result Assignment log Calibration of no
SAP BW p
satisfactory?log parameters
D t t ti
no
Actual dataAnalysis reports
(Info system)
Data extraction
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5 PROJECT RESULTS AND OUTLOOK
BI INTEGRATION WITH STANDARD EXTRACTORS5 PROJECT RESULTS AND OUTLOOK
• Standard SAP Extraktor 0TR_LP_1, daily load of all records• Information: CoCode, Business Area, Liquidity Position, Dates, Amount local and transaction currency
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5 PROJECT RESULTS AND OUTLOOK
MAPPING AND ENRICHMENT • Mapping to CF-Accounts owned by finance department
Liquidity Item Cash Flow Account
1110X0XXXXXXXXXX 95211121101111X0XXXXXXXXXX 95211121101190X0XXXXXXXXXX 9521112110
5 PROJECT RESULTS AND OUTLOOK
• Using Liquidity posistion to enrich information1190X0XXXXXXXXXX 95211121101191X0XXXXXXXXXX 95211121101290X1XXXXXXXXXX 95211121201291X1XXXXXXXXXX 95211121201310010000000000 95211121301410x1XXXXXXXXXX 9521112140141001XXXXXXXXXX 95211121401490X1XXXXXXXXXX 95211121401490X1XXXXXXXXXX 95211121401810000000000000 95211121401810010000000000 95211121401910000000000000 95211121401910010000000000 9521112140151000XXXXXXXXXX 9521112150151001XXXXXXXXXX 9521112150152000XXXXXXXXXX 9521112150152001XXXXXXXXXX 952111215015300XXXXXXXXXXX 95211121501610X1XXXXXXXXXX 95211121601710010000000000 95211121701710000000000000 95211121802121x1XXXXXXXXXX 95211122102110X1XXXXXXXXXX 95211122102121X1XXXXXXXXXX 95211122102211X1XXXXXXXXXX 95211122202221X1XXXXXXXXXX 95211122202311X0XXXXXXXXXX 95211122302321X0XXXXXXXXXX 95211122302410X0XXXXXXXXXX 95211122402510X0XXXXXXXXXX 95211122501 1 1 1 1 x x x x x x1 x x x 2610X0XXXXXXXXXX 95211122603111X0XXXXXXXXXX 95211123103121X1XXXXXXXXXX 95211123203210X1XXXXXXXXXX 95211123303310X0XXXXXXXXXX 95211123403310X1XXXXXXXXXX 95211123403220100000000000
1 1 1 1 1 x x x x x x1 x x x
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3220110000000000
5 PROJECT RESULTS AND OUTLOOK
SAP CASHFLOW REPORTING – 1/2• Results per individual selection parameters (e.g. individual hierarchies …)
5 PROJECT RESULTS AND OUTLOOK
Example: Cashflow forecast & structure
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5 PROJECT RESULTS AND OUTLOOK
SAP CASHFLOW REPORTING – 2/2• Results per individual selection parameters (e.g. individual hierarchies …)
5 PROJECT RESULTS AND OUTLOOK
Example: Plan/actual deviation analysis
35 2015-NOV-25 STRUCTURED FINANCE, STUTTGART
TRANSPARENT LIQUIDITY ANALYSIS WITH SAPAGENDATRANSPARENT LIQUIDITY ANALYSIS WITH SAP
1.0 Company Profile OAO GAZPROM
2.0 Introduction Gazprom Germania Group
3 0 Initial Project Situation3.0 Initial Project Situation
4.0 Project Goals and Set Up
5.0 Project Results and Outlook
6.0 Discussion
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6 DISCUSSION
PLANNING HORIZONS & FORECASTING METHODS IN GENERAL
6 DISCUSSION
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6 DISCUSSION
BEST PRACTICE – FORECASTING WORKFLOW6 DISCUSSION
• Set-up of a continuous process for liquidity forecast activities
• Combining both planning/forecasting tasks
d d i ti f t l tand deviation of actuals to measure the plan quality
• Using actuals for updated and adjusted plansadjusted plans
• Plan vs. Actual and Plan vs. Plan Reporting ensure mechanisms for continualmechanisms for continual improvement
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6 DISCUSSION
EFFICIENT FORECAST ARCHITECTURE IN SAP6 DISCUSSION
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6 DISCUSSIONACTUAL RESULTS INTERNATIONAL CLIENT SURVEY6 DISCUSSION
On which basis are you calculating your actualcash flows?
Which system are you using as your forecastingtool ?
40 2015-NOV-25 STRUCTURED FINANCE, STUTTGART
— GAZPROM GERMANIA GMBHGAZPROM GERMANIA GMBH
QUESTIONS?Marcus Schreyer
Senior IT Manager
GAZPROM Germania GmbH
Markgrafenstraße 23
D - 10117 Berlin
00493020195240
00491736900644