Corp. M&A EMEA_Time Management Report_Q2FY24

[Virtual Presenter] Welcome fellow colleagues. Today I will be presenting insights on the successes achieved by the PwC Corp. M&A EMEA team in the second quarter of FY24, in the areas of time management and project related activities. I appreciate your attention..

[Audio] The Corporate M&A EMEA team showed remarkable progress in the second quarter of FY24 with 62% of their time allocation devoted to Project Related Activities. An analysis of the data revealed 18% of their time was invested in pre-NDA activities, 13% in post-NDA activities and 38% in general activities. We are pleased to see a substantial increase in projects reaching the Post-NBO stage, with this increasing our chances of closing deals. However, there is still room for improvement when it comes to the time assigned to General Activities and opportunities in the Pipeline. We should stay on track with our Replicon guidelines and notify us if additional categories should be analyzed..

[Audio] An assessment of 'General' tasks in our Corporate M&A EMEA division was conducted during the second quarter of FY24. The analysis revealed that 1,758 hours, which is 38% of the total hours, were spent on internal activities while 1,017 hours, 21% of the total hours, were spent on 'General' tasks. To be able to distinguish between activities that require outsourcing and those that do not, time must be booked more accurately for these tasks. This understanding of the situation may aid in managing the budget and boosting the efficacy of the project..

[Audio] For the second quarter of fiscal year 24, the Corporate M&A EMEA Team recorded 1487 hours for 3NBOs that were accepted by the sellers. Of those, 521 hours were for Project Troy and 431 hours for Project Zapo. The hours worked in the post-NBO phase increased by 31%, mostly because of Troy and Zapo, doubling the number of post-NBO projects compared to the first quarter. Moreover, 130 hours and 8 hours were recorded for Project Aristotle and Project Mentor respectively, showing the team's commitment and capacity in achieving their objectives..

[Audio] Our internal corporate M&A EMEA team saw an impressive increase in their pipeline this quarter, with 93 new opportunities being assessed, 36 sell-side advisors contacted and 6 NDAs signed*. 829 hours of dedicated effort was invested into new opps, resulting in 2,919 hours booked for acquisition projects in the second quarter. Through our engagement of new sell-side advisors and advanced projects, we were able to significantly expand our overall pipeline..

[Audio] For the second quarter of Fiscal Year 2024, the M&A EMEA team employed a strategy to work efficiently and effectively on projects that should be advanced for consideration. We tracked the time invested in 3 projects that got to the IC/TLT level, and 5 projects got to the NBO stage, comprising of IIoT projects. Our commitment to the Post-NDA phase was 13%, with fewer chances of reaching IC due to a 46% decrease..

[Audio] EMEA Corporate M&A is an important benchmark in the second quarter of FY24, and PwC's insights are invaluable in making the most of the opportunity. Our resources have enabled us to assist clients in discovering the right transactions and managing them effectively. Through a comprehensive time management approach, we make sure our clients stay competitive. Our dedication to the EMEA Corporate M&A market is unwavering, and we are focused on providing the best resources and expertise in the industry..

[Audio] We have reviewed the analysis of the average hours booked per person during quarter 2 FY24 in comparison to our corporate M&A WBS and specific project WBS. The information we have obtained from this data should allow you to more effectively oversee M&A operations and reach maximum efficiency and effectiveness. We appreciate your involvement and attentiveness throughout this presentation. Thank you..