Turnaround, Restructuring & Insolvency About Nexia TRI Turnaround, Restructuring & Insolvency

Introduction This conference Welcomes 17 TRI Delegates 13 Firms 11 Countries

Developing the TRI network What does TRI cover? Advisory Insolvency/ bankruptcy Turnaround

Introduction to the Nexia TRI summit Agenda Introduction to the Nexia TRI summit Evolution 0-18 members Worldwide spread Firms represented today Conference themes to date Frankfurt highlights

TRI Conferences to date Evolution TRI Conferences to date New York 29 attended 12 firms 12 countries London 33 attended 8 countries Nicosia c. 60 attended 14 firms Frankfurt c. 54 attended 13 firms 11 countries

Nexia TRI – That’s really International Current reach

Previous conferences

TRI Fee income for network members Size of participants TRI Fee income for network members Firm (location) 2012 MUSD 2013 MUSD Cohn Reznick, USA 13 14 Smith & Williamson, UK Ebner Stolz, Germany 19 20 Pilot Partners, Australia 2 BHL, Norway 1.6 1.4 Zeiffman, Canada 1.3 Rawlinson & Hunter, Cayman Islands* 1.8 2.6 TCFT, Italy 0.3 Converted from local currency on 29 September 2014, rates per xe.com * Fee income is for years ended 30 June 2013 and 2014 not 2012 and 2013

London Conference themes London Cross border issues Forensics and other investigations Australia Ireland Cypriot and Italian economies Bankruptcy tourism

Cyprus Conference themes Cyprus Cypriot insolvency Economic outlook Eurogroup banking agreement Obligations Underlying difficulties Cypriot taxes

Frankfurt Conference themes Frankfurt German and European economies Debt and turnaround transactions German processes Motor trade turnaround

Frankfurt, September 2014 Thanks to Carsten Nagel

Frankfurt, September 2014 Keynote speakers Mike Jones Markus Muller Deutsche Bank German economy & European capital markets Henning Block Rothschild Investing in distressed assets and debt Steffen Koch Hww wienberg wilhelm New German insolvency code Mike Jones ASE Profit Optimisation Motor dealership turnaround Phil Dougall Metric Capital Partners New debt providers in turnarounds Armin Rehberg Landgard Restructuring of plant and produce sector

Frankfurt 2014 Others Ebner Stolz (our hosts) Nexia Smith & Williamson General Motors

Cyprus, December 2013 Thanks to John Poyiadjis

Cyprus, December 2013

Cyprus, December 2013 Highlights Cypriot insolvencies and bankruptcies Present financial scene in Cyprus Cyprus in the energy era Immovable property in Cyprus Norway The future of Cyprus Cyprus legal system and public tenders

London, May 2013 Highlights Cross border war stories UK & International forensic issues Australian insolvencies Update on Irish insolvencies and economy Hill International Bankruptcy tourism and international personal insolvencies Cyprus International legal update Italian economy, insolvency law International and UK funding case studies by Hilco Commercial

Developing the TRI network Objectives Lead and referral generation Joint (cross-border) assignments Enhance national offerings and credibility from international credentials Cross border and regional/national insolvency regimes Continued Professional Development React to economic, political and other opportunities Develop new routes to market and new services

Developing the TRI network Immediate Projects Enhance Nexia International website Database of: Contacts CV’s and credentials International TRI handbook Multi-firm sales and marketing team Funding

Developing the TRI network Expectations, first 3 years  12 Member firms Regular meetings Initial referral(s) Regular referrals Improve brand awareness Nexia Member firms Wider network of TRI firms

Developing the TRI network Nexia member firms Banks Asset based lenders Shadow banking sector Venture capital Equity & mezzanine funders Other professionals Government agencies and other opportunities Business line referrals Forensics CF Tax investigations

TRI Business Plan The road ahead Next summit: Rome May 2015