Lisa Rapuano Finding Your Way Along the Many Paths of Value

7/22/2019 Lisa Rapuano Finding Your Way Along the Many Paths of Value

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3t` beeubiVprceovbiun cevnstceo fleornss

Bprci 6, 842: Ibs Qnobs, EQ

Acejceo Slur _by Bileo Z`n Gbey Tbt`s la Qbiun

Icsb Xbpubel, Iben Acvn Fbpctbi Gbebongnet

www.QbiunCevnstceoFleornss.flg


2/29

Acejceo Slur _by Bileo t`n Gbey Tbt`s la

Qbiun

Icsb LJnii Xbpubel, FAB

Iben Acvn Fbpctbi Gbebongnet

Qbiun Cevnstceo Fleornss

Bprci 6, 842:

Ibs Qnobs


3/29


Acejceo Slur _by Bileo t`n Gbey Tbt`s tl Qbiun

Acejceo Slur _by

Z`n glst cgplrtbet qubicty la be cevnstlr cs tngpnrbgnet,

- _brrne Huaantt

8


4/29



Acejceo Slur _by

Bcet leiy t`rnn t`ceos tl obghiceo. Melwce t`n 14-:4 nejla b prlplsctcle, gleny gbebongnet, bej melwce ylursnia

- Tuooy Tnbrsle (@Z Hcii Gciinr)

6


5/29



Acejceo Slur _by

C bg elt _brrne Huaantt bej enct`nr brn ylu.

- Icsb Xbpubel

:


6/29



Acejceo SL^X _by

Bii bpprlbf`ns tl vbiun cevnstceo bttngpt tl huy $2.44 alr $4.>4 _n wbtf` lt`nr cevnstlrs lwenrs`cp plsctcles bej rnbsleceo

Qnry anw gbebonrs lutpnralrg lvnr ileo pnrcljs la tcgn

B flggle trbct la ileo tnrg suffnssaui cevnstlrs cs flggctgnet tl pnrslebiprlfnss

Cgplrtbet tl flescjnr;

Bt w`bt jl C nxfni< _`bt gcstbmns bg C prlen tl

Hllm Qbiun; 2>.0%

GMI Vtlfm; 2:.2%

V&T 2>44; ?.1%V&T 2>44 T&F Cesurnrs; 1.0%


22/29



Gbrmni; Z`n Gbrmnt Jlnset Ont Ct

Hnst ce fibss prlpnrty fbsubity (T&F) cesurnr lutpnralrgs pnnrs bej t`n stlfmgbrmnt

wct` G^F@ ilwnr vlibtcicty (Hntb 7 4.1)

Snt stlfm aliilws t`n rue-laa vbiun (hllm bjkustnj alr tcgceo bej rnsnrvnrnjuejbefcns)

Vl bii auturn uejnrwrctceo prlacts, cevnstgnet bej vneturns orlwt` csarnn

Jlet nxpnft t`n gbrmnt tl uejnrstbej, ocvne hnicna t`bt ylu fbet vbiun becesurnr wct` b JFA

82

GMI Vtlfm; $>36 (2.8>x hllm)

Xue-Laa; $>31Tius Auturn ^_ Trlact; $28>Flesnrvbtcvn Qbiun; $?82 (+88%)

Ent Cevnstgnets pnr V`brn; $338Tius Auturn ^_ Trlact; $28>$2,22? pnr s`brn (2.3x hllm)

JFA; $2434+, jnpnejceo le auturn cetnrnst rbtns


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Gbrmni; Ont Xcf` Vilwiy

Gbrmnt vbiuns Gbrmni icmn bii T&Fs, le hllm vbiun, sl stlfm wcii orlw rluo`iywct` hllm vbiun

Bfqucsctcle la Bitnrrb cefrnbsnj ent cevnstgnets pnr s`brn tl $338. Tiusfurrnet cesurbefn fyfin frnbtceo fbpctbi ceailws (prlacts) arlg uejnrwrctceoilts la enw fbpctbi tl cevnst ce nquctcns bej vneturns

Qneturns bej nquctcns rbrniy slij, sl GMI cs b tbx-jnanrrnj sbvceos bffluet

L` bej cts b TGs jrnbg; El trcfmy snii jnfcscles

Nqucty+ rntures, hlej vlibtcicty

88

Zcfmnr; GMI

Trcfn; $>36

Gbrmnt Fbp; $0,64?gHllm Qbiun; $:??

Hllm FBOX; 28-2>%

Hntb; 4.1


24/29



Hnj, Hbt` & Hnylej (HHHS $10.:6)

86

Bprci 8428-Trnsnet


25/29



Hnj, Hbt` bej Hnylej; Elt b Jnficeceo Xntbcinr

8:

Nstbhics`nj gnrf`bet wct` b snn-ct-hnalrn-ylu-huy-ct bsslrtgnet Acvn uecqun flefnpts

Vcoecacfbet vbiubtcle jcsfrnpbefy wct` `lgn-olljs pnnrs

Vtbhin prlactbhcicty bej fbs` ailw nebhiceo rncevnstgnet ce glhcin, n-flggnrfn

Z`luo`taui, wnii-tcgnj s`brn rnpurf`bsn frnbtns b scoecacfbet fbs` ycnij

Trcfn strbtnoy bej ebturn la olljs biilws tcgn alr lgec-f`beeni trbesalrgbtcle T_Q la $24> cgpiyceo >:% rnture arlg `nrn


26/29



HHHS; Qbiubtcle Jcsfrnpbefy

HHHS cs jlwe 2>% ynbr-tl-jbtnleiy Tcnr Len `bs pnralrgnj wlrsn

HHHS trbjns bt b 2>% tl 8>% jcsfluet tl `lgn rnibtnj rntbci pnnrs jnpnejceole lens prnanrrnj vbiubtcle gntrcf

8>


27/29



HHHS; Vtbhin Trlactbhcicty bej Fbs` Ailw

81

Ibst ynbr

NHCZJB Gbroce >-yr Bvo XLN

@J 26.0% 88.0%

IL_ 24.?% 28.6%

_VG 26.0% 21.?%

TCX 26.?% 26.6%

X@ -8.?% E/BBvnrbon 3.3% 21.6%

HHHS 21.0% 82.2%

AS Nej

Anhrubry

^IAFA

($gie)

8424 $?>:.>

8422 $041.?

8428 $308.18426 $0?0.?

842: $0?4.8

HHHS `bs flescstnetiy prljufnj `co`nr prlact gbroces bej rntures le nquctyvnrsus pnnrs

Ca t`n stlfm wnrn tl scgpiy trbjn ce icen wct` @J, b flgpbey prljufceo b scgcibr

bvnrbon rnture le nqucty, HHHS wluij hn b $34 stlfm

^IAFA `bs rngbcenj kust uejnr $2 hciicle alr t`n pbst acvn ynbrs bej t`n

gbebongnet tnbg `bs flggcttnj tl fletceulus s`brn rnpurf`bsn


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HHHS; ^sceo Fbpctbi _csniy

:4 enw stlrns b ynbr bfrlss acvn flefnpts

Xngbceceo s`brn rnpurf`bsn but`lrczbtcle $8.> hciicle, nxpcrns 842>

Zl flgpintn t`n prlorbg, w`cf` wn hnicnvn cs t`n olbi, s`brn rnpurf`bsns`luij gnbeceoauiiy bffninrbtn

Z`n jnprnssnj stlfm prcfn prlvcjns be lpplrtuecty alr gbebongnet tlcefrnbsn vbiun t`rluo` s`brn rnpurf`bsn, w`cf` t`ny `bvn hnne bpt tl jl ce

t`n pbst

8?


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Z`bem Slu!

Icsb LJnii Xbpubel, FAB

icsbDibenacvnfbpctbi.flg
mailto:[email protected]:[email protected]

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Lisa Rapuano Finding Your Way Along the Many Paths of Value