Presented by By the end of the course, you will have a good understanding of shareholder value, including what it means from a shareholder’s point of view; what it means from a company’s point of view; the levers a company can pull to create more value and making the link with strategic actions that drive value creation. OUTCOMES Understand what shareholder value really means See how companies drive value internally and externally Understand the cost of capital and efficient balance sheets Make the link with strategic actions that drive value creation WHAT YOU WILL LEARN Introduction The shareholders’ perspective Total shareholder returns Dividend policy and retaining profits The Company’s Perspective Return on equity Understanding leverage/gearing Return on capital employed Economic profit Driving growth at the required return Capital Management Characteristics of equity & debt Cost of capital and weighted average cost of capital (WACC) Strong, weak & “efficient” balance sheets Changing the capital structure Allocating Capital to Drive Profitable Growth Capital allocation Capital allocation examples Summary and Conclusion Driving growth Driving returns