Strategic finance & board advisory

Strategic finance for sustained value creation.

A board approves an IPO, a refinancing or an acquisition. Each needs sharp execution and a plan to capture the value intended. Nobody inside has done it before?

I did, from every seat around the table.

A transformation is required to sustainably improve financial performance, both operationally and functionally?

Change and discipline are muscles I have developed and applied effectively through experience, judgement and toolkits.

Group-level mandates at
Abel Martins Alexandre
Abel Martins Alexandre
Strategic finance & board advisory · London
01 - Background

Senior finance leadership, grounded in the discipline of value creation.

Finance, commercial and strategy leadership across 30 years in natural resources, capex-intensive industries and banking, with expertise on:

-Capital allocation, capital structure, investment thesis
-Many transactions across the entire capital stack, incl. equity and debt capital markets, and structured and project finance
-Performance improvement and value creation programmes
Rio Tinto
-Led the commercial and funding structure of a $25bn iron ore and infrastructure project
-Set up a trading desk and restructured Treasury
-Led working capital optimisation and cost reduction programmes
Lloyds CIB
-Created a new team across capex-intensive industries - energy & commodities, power & utilities, manufacturing & industrials, infrastructure & transport
-Grew the franchise across geographies and the full product spectrum, with direct accountability for large corporate clients
Natixis
-Led the implementation of the commercial banking franchise in Southern Africa
-Developed the business case and led the implementation of a new Mining Finance practice
Eramet
-Right hand to the incoming CEO on the turnaround plan and a strategic review of the business
02 - Credentials
~100
Financing transactions negotiated, structured and executed
$40bn
M&A and divestments led
$25bn
Largest project and investment programme, equity and debt
$3.5bn
Cost reduction programmes

Capital markets & financing

~100 financing transactions negotiated, structured and executed
Project finance, structured financing, securitisations
$100m - $1bn range, and higher in underwriting capacity
IPOs up to $350m · Series A/B/C
A $25bn programme raised across equity and debt

M&A

$40bn of M&A and divestments
Created a Finance & Transaction Advisory team for forensic transaction review
Created an Integration & Divestment team for synergy capture and carve-out

Performance improvement

Working capital optimisation programmes of $4-6bn
Cost reduction programmes of $2.5-3.5bn
Reorganisation of finance and treasury functions and reporting

Strategy & transformation

Review of sales & marketing and procurement, creating a Commercial division in Singapore
Review of trading activities and implementation of a trading desk
Implementation of new operating models
Sectors & capital
Natural resources & mining Capex-intensive industry Listed small & mid-caps PE, infrastructure funds & family offices
Geographies
United Kingdom France Saudi Arabia UAE Singapore Japan United States
03 - When to call
01

Efficient and timely capital raise

IPO
Equity raise (series A/B/C/etc, private capital, PIPE, secondary offering, SPAC)
Debt financing, including private credit
Project finance and complex structures
Refinancing and restructuring
02

When value creation has stalled

Working capital and cash generation
Cost base and sustained reduction
Performance management and ownership
Finance-function transformation
Operating-model redesign
03

When the board faces a strategic decision

Acquisition, integration, separation
Portfolio review
Capital allocation, structure and discipline
Independent board opinion
Governance and operating model
04 - Selected work
M&A

A multi-year M&A and divestment programme with no in-house M&A practice

Situation

The business engaged in successive acquisitions and divestments without the institutional memory or internal expertise to carry due diligence, plan integration and separation, extract synergies or mitigate carve-out costs.

Intervention

Built playbooks and checklists letting the business plug in proven M&A practice and write thorough integration and separation plans well ahead of closing - cutting reliance on external advisers, value leakage and post-transaction liabilities.

Outcome
-Total $15bn divestment programme
-Avoided value leakage of more than $100m
Performance

A cost reduction programme that hits its target and unwinds by year-end

Situation

After a significant build-up of support costs, a top-down initiative delivered its reduction target for the end of the reporting year - and costs immediately started creeping back up.

Intervention

Rather than looking at cost in isolation, redesigned the operating model - end-to-end processes and performance management for the functions - supporting a sustained reduction and a culture of continuous efficiency.

Outcome
-$3.5bn cost reduction programme
Performance

Working capital initiatives aimed at year-end results rather than constant optimisation

Situation

A group-wide working capital reduction exercise delivered its free-cash-flow release target, but the reduction did not survive past the end of the reporting year.

Intervention

Built the performance-management architecture - tools, processes and drumbeat - creating the discipline and ownership needed to optimise working capital continuously.

Outcome
-Working capital reduced from $6bn to $4.2bn
Finance function

A finance function where reporting culture had displaced value creation

Situation

An FP&A team spending most of its time producing backward-looking reports, reactive in the support it offered the business.

Intervention

Drastically simplified management reporting, improved the driver-based forecast, and implemented value driver trees.

Outcome
-Estimated potential cost reduction of more than 25%, with improved business insight
Capital raise

A fast-growing start-up needing to secure capital with limited finance capability

Situation

A cleantech business with a successful pilot needed a credible business plan and financial model for investors, plus the foundations of sound financial practice.

Intervention

Sharpened the equity story on the back of commercial due diligence and rebuilt the financial modelling to meet investor scrutiny - successful Series A and B.

Outcome
-$35m raised for a cleantech business

Client-identifying detail is abstracted to sector and scale, never dropped.

05 - Operating principles

Convictions that guide every engagement.

01 A relentless drive on value creation.
02 The value is in the process and the discipline.
03 Sustainable performance matters more than one-off successes.
04 Finance does not solve for strategy, but poor financing decisions make strategy redundant.
05 Execute transactions and plans with speed, rigour and data.
06 Sound governance and efficient operating models improve value.
06 - The operating system
01

Understand the strategy and business model

The two or three deliberate choices the business has made - and whether they are clear to everyone.

02

Assess the capital structure

How efficiently the capital structure supports the strategy.

03

Identify where value leaks

Pricing with clients and suppliers, working capital, cost structure, pricing of risk, integration and carve-out leakage.

04

Build the strategy delivery plan

The winning code of transformation: target setting, ownership, and a drumbeat of execution.

05

Execute alongside management

Senior reinforcement next to the CEO, CFO or Chief Transformation Officer - not a report handed over.

06

Embed governance and the operating model

Aligned with sustained strategy delivery and with the specific transformation or transaction.

07 - How to engage

Examples of mandates I run.

01

Finance-function diagnostic

A structured review delivered as findings and recommendations, modelled on a 100-day observation report. Billed standalone or as the opening days of an engagement.

ENTRY POINT
02

Project mandate

IPO, equity or debt raise, restructuring, securitisation, project financing, SPAC. From a punctual intervention to 12-24 months on a project financing.

PROJECT
03

Performance mandate

Working capital, cost reduction, performance-management build, post-acquisition reorganisation. Best fit above roughly $1bn revenue, or on fund-owned assets.

PROGRAMME
04

Fractional or interim CFO

Sitting in the seat for a defined period - through a transaction, a transition, or while the permanent hire is found.

IN SEAT
05

Board / audit-committee advisory

An independent opinion, held separately from advice to management. A retainer relationship with people who already know the work.

RETAINER