Introduction to:Hyperion Strategic Finance and Strategic Finance ConsultingSCOOP SessionSeptember 30, 2004

History

Hyperion Strategic Finance, formerly Alcar, was founded in 1979 by two Professors from Northwestern Universitys Kellogg School of Management, Al Rappaport and Carl Noble Jr.Al Rappaport authored Creating Shareholder Valueand was instrumental in the advent of value based managementStrategic Finance was acquired by Hyperion in April of 2003 Hyperion is one of the global leaders in Business Performance Management Software with 91 of the Fortune 100 largest companies using our software for their business needsHyperion, with 2,600 employees, was named as one of the Fortune 100 Best Companies to Work for in 2004.

What is Hyperion Strategic Finance?

Software package similar to Excel that allows users to make key strategic financial decisions, such as:

Should we divest an underperforming business?Should we acquire one or more of our competitors?Should we invest in project A or project B?Should we buyback shares or issue dividends with the excess cash we expect to generate?

Consultants at HSF utilize their knowledge of finance to build financial models for clients that provide insight to executives on key strategic issues such as those listed above.

Consulting Projects

Projects last between one and three months (2 months on average)

Discuss and understand clients specific industry and business needs

Discuss and understand merger and acquisition analysis, long-term strategic planning, and other financial analysis

Build financial models using HSF software to meet client needsValuation MetricsMerger and Acquisition Analysis- Capital Structure Issues, etc.

HSF ClientsCorporate - Strategic Modeling Allows running of different alternatives, strategies or scenarios and view impact on full financials (I/S, B/S, C/F, ) to evaluate important business decisionsProvides Senior Management with a tool to evaluate profitability and economic value of various business units, capital projects, and potential targets for acquisition. Banks - Credit and Risk Management Allows bankers to evaluate borrowers credit worthiness utilizing full financials (I/S, B/S, C/F, )Allows Banks to reduce overall lending risk

Typical HSF Corporate Project - TimingOverall time frame 1 to 3 monthsDesign PhaseWork with client to identify needs and conceptualize solutionsBuild PhaseModel building and linking to source systemsTesting Phase Roll-out PhaseClient TrainingOn site assistance during critical business moments:M&A transactionsDivestiture modelingStrategic Plan Consolidation

Typical HSF Project - StaffingHyperion:Project managerConsultantClient:Owner is usually CFO, VP of Finance or Planning, or Treasurer Main contact or client lead is usually Director or Manager in above areasRemainder of team will be financial analysts from each area

Key Benefits of working for HSF

Valuable industry experience

Exposure to all key finance functions of a major company

Senior management client contact

Acquire strong technical and interpersonal skills

Extensive travel opportunities including international

HSF Skill SetTechnical Skills:Solid accounting and financial statement knowledge, especially an understanding of how P&L and B/S interact to generate Cash Flow statement.In-depth understanding of the Cash Flow statement -- Cash vs. non-cash flows, M&A activity, etc.Valuation theory and practical application of DCF, EVA, and Multiple approaches. Knowledge of M&A accounting is helpful.Financial modeling and forecasting experience. Knowledge of Credit analysis and Credit review process in Financial Institutions.

HSF Skill SetSoft Skills:

Strong analytical capabilitiesExcellent written and oral presentation skillsAbility to work independently and execute projects with limited supervisionAttention to detail is a mustAbility to conceptualize complex financial topicsAbility to build close relationships with clients to help drive new business for the company