Webcast Replay – IVSC Valuation Webinar Series 2022

Intangible assets are increasingly seen to be driving enterprise value creation across sectors and industries. Challenges and deficiencies in the public reporting frameworks underpinning these intangibles are well-rehearsed. However, at the boardroom level, these assets are evaluated either in the form of a valuation or by analyzing the output of the expensing. This webinar will explore the approach companies take to understand and evaluate intangibles and how they analyze the return on the cash outflows towards intangibles.

• Henk Oosterhout, Managing Director, Valuation Advisory Services, Kroll
• Jeremy Stuber, Chair, Corporate Reporting Users’ Forum (CRUF)
• Dominique Carouge, Former CFO, Sanofi
• Ralf Schmeitz, SVP Finance Group Controller, Royal DSM NV
• Kevin Prall, Managing Director, Ernst & Young

Against a backdrop of significant economic and market uncertainty, our panel of international experts from valuation, finance, economics, monetary policy and politics will look at the latest data and trends and offer their thoughts on the global outlook.

• Megan Greene, Global Chief Economist, Kroll
• Jesper Koll, Economist
• Alistair Darling, Chair, IVSC
• Ranjit Singh, Chief, Global Markets, IMF
• Kiran Swinglehurst, Managing Director, Liquidity Risk, CPP Investments

Digital assets, including non-fungible tokens (NFTs) and currency tokens, have proliferated in recent years. At the same time, new technologies, exchanges and digital ledgers are making these assets more accessible to investors and other entities. But how do we approach these from a valuation perspective? Our expert panel will discuss this growing asset class and consider the implications for valuers and valuations.

• David Larsen, Managing Director, Alternative Asset Advisory, Kroll
• John Ward, Managing Director, Alternative Asset Advisory, Kroll
• Olwyn Alexander, Global Asset and Wealth Management Leader, PwC
• Rommel Johnson, Financial Services Valuation, Modelling & Economics (VME), Ernst & Young

Inflation has recently reached multi-decade highs in several countries and regions. Inflationary pressures are not limited to emerging markets, and many developed economies are struggling to keep inflation under control.

In this context, how is the current inflation environment impacting valuations and cost of capital assumptions? Do we need to reconsider long-term growth assumptions in the terminal year of discounted cash flow (DCF)-based valuations? What lessons can we draw from previous business cycles, and how might things be different this time around considering Russia’s war on Ukraine? What other adjustments need to be made to the valuation, and how relevant are these adjustments in hyperinflationary economies?

• Carla Nunes, Managing Director, Office of Professional Practice, Kroll
• Bradford Cornell, Professor of Finance, UCLA
• Alexandre Pierantoni, Managing Director, M&A Advisory, Kroll
• Patrick El Kozah, International Standards Group Manager, KPMG

Environmental, social and governance (ESG) considerations are increasingly underpinning business and investment decisions as corporate entities and governments seek to meet their net-zero targets. One of the key barriers to unlocking ESG frameworks has been the challenge around measurement–how do we measure and attribute value to ESG components? This webinar will explore the findings of an IVSC-led study looking at the current status of ESG considerations within valuation and investment approaches.

• Ben Elder, Global Head of Valuation, Royal Institution of Chartered Surveyors (RICS)
• Richard Stewart OAM, Partner, PwC
• Rahul Shukla, Managing Director, Alternative Asset Advisory, Kroll