Hizkia Lasma Bonatua, CFA

In charge of corporate matters at Desty, managing finance, tax, accounting, and legal.

Corporate Finance:

• Established strong relationships with shareholders and lenders, securing favorable financing terms for business growth. Managed to raise USD 20 million in the form of equity and debt.
• Manage corporate actions, including equity issuance, joint ventures, spinoffs, and asset selloffs.

Financial Reporting, Planning, and Analysis:

• Oversaw the preparation of monthly financial statements, ensuring accuracy and timely reporting to stakeholders.
• Collaborated with cross-functional teams to develop the annual budget, aligning financial objectives with overall company goals.
• Analyzed business processes to identify cost savings and operational efficiencies. Initiatives implemented include an insurance cost-saving plan, cost control, and inventory order management.

Legal

• Oversee the Legal department and ensure that legal and business risks and interests are accommodated in commercial contracts, corporate agreements (such as shareholders' agreements, joint venture agreements, and asset purchase agreements), and ensure that corporate compliance is followed.

Maintain and update sales data in order to identify market opportunities and achieve the sales target of Ninja Direct, a subsidiary of Ninja Express operating in procurement services.

Sales Analysis:

• Perform periodic updates and analyses on sales performance (weekly and monthly) in terms of activity and productivity.
• Prepare ad hoc analysis/projects, such as preparing an end-to-end price calculator, which helps in winning IDR 1 billion + GMV in 1 month.

Sales Planning:

• Developed a sales model to project future growth scenarios, assisting in monthly, quarterly, and annual planning.

Planning and controlling RRQ and its business unit and/or subsidiary.

Planning and Data Analysis:

• Set the annual budget for RRQ, RRQ Store, and Anvil (a subsidiary operating in talent agency services).
• Perform a monthly analysis, comparing actual results with the budget, last year’s performance, and last month’s performance, and provide recommendations accordingly.
• Provide ad hoc analysis as needed.
• Implement initiatives based on analysis, which reduced RRQ Store’s days of inventory outstanding from 13 months in February 2020 to 4 months in December 2020.

Cost Control:

• Review payments to talents related to the endorsement project.
• Prepare the monthly salary payment for RRQ players and streamers.
• Oversee the usage of cash advances managed by the operational admin.

Contract Review:

• Review the commercial contract entered into by RRQ (sponsorship contract, collaboration contract, etc.).

Analyzing and improving the newly acquired F&B company, as well as preparing the monthly report of the portfolio company.

Financial Analysis

• Prepare a monthly financial analysis of portfolio companies.
• Develop a sales dashboard for management's visibility and review.

Supply Chain

Develop a model to forecast inventory needs and coordinate with the outlet manager to procure the needs. Managed to prevent out-of-stock issues and improve sales by 30% on a year-on-year basis.

Corporate Finance:

• Preparing an information memorandum and financial projections for financing purposes, which collectively raised over USD 100 million.
• Take part in the negotiation process with the lender to accommodate more favorable financing terms.
• Conduct a financial feasibility study on new projects such as the "Phinisi Boat" project and the "Cryptomining" project.
• Perform valuation analysis on subsidiaries' property, such as hotels, office buildings, serviced apartments, and restaurants.

Reporting and Analysis:

• Prepare a dashboard to monitor subsidiary performance and share insights with management on a monthly basis.
• Provide ad hoc analysis as needed by stakeholders.