Project Finance Advanced Modeling Course - Dubai

Venue: Dubai

Location: Dubai, United Arab Emirates

Event Date/Time: Mar 16, 2011 End Date/Time: Mar 17, 2011
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Advanced Project Finance Modeling is a master level course and focuses uniquely on project finance and its related modeling issues. After reviewing some basic elements of project finance, the participants are given a full suite of project documents and macroeconomic information that are indicative to any infrastructure project. Immediately following is a step-by-step procedure of building a complex equity case model. This phase of the course is to demonstrate how contracts dovetail and that nothing in project finance is mutually exclusive.

  • Create models that are easy to navigate without forfeiting proper deal sophistication and analysis

  • Produce a robust model from feasibility stages through project documentation to financial close

  • Identify and quantify the risks of the project through the model - from sponsor, participant and lender viewpoints

  • Learn the power of "negotiating off the model" instead of "modeling off the negotiations"

  • Enhance spreadsheet analysis, presentation and negotiations

  • Engage in current commercial discussions with active project developer / financial advisor

  • Course Participants Include
    Financial Analysts, Investment & Evaluation Professionals, Business Development Planners, Mergers & Acquisitions Specialists, Accountants, Infrastructure Heads, Corporate & Structured Finance Teams, Joint Ventures Specialists, CFOs, Financial Directors

    Once completed, the delegates review the model from a due diligence analysis, usually taken from a lender's or third-party equity perspective. The final phase of this module uses sophisticated model techniques to help the executive price the deal. Special consideration is given to more advanced project-finance issues like liquidated damages analysis and appropriate security packages. The overriding theme of this specialty course is to use the model as a highly-developed financial analysis tool that reviews the appropriate risk versus reward profiles of project finance. By employing @RISK software, the course demonstrates the power of Monte Carlo simulation analysis, creating a dynamic decision-making tool and elevating beyond simple static input and output spreadsheets. This is an advanced course and is geared to the intermediate to advanced delegate.

    Part 1 Project Finance versus Corporate Finance
    Part 2 The Role of the Model & Common Rules
    Part 3 The Risk Matrix
    Part 4 Introduction of a Project for Modeling
    Part 5 The Project Documents
    Part 6 The Assumption Page
    Part 7 Operations
    Part 8 Construction
    Part 9 Insurance
    Part 10 Taxes
    Part 11 Depreciation
    Part 12 Financing(s)
    Part 13 The Income Statement
    Part 14 The Balance Sheet
    Part 15 The Statement of Cash Flows
    Part 16 Equity Returns
    Part 17 Loan Values
    Part 18 "Pricing the Deal" and Scenario Analysis
    Part 19 Monte Carlo Simulations w/ @RISK 5.0
    Part 20 Running Sensitivities & Documenting Changes

    As with our all our financial modeling courses, this is a hands-on practical course, whereby the delegate takes our "learn by doing" approach. The course structure for each module follows a four-step pattern: 1) presenting the section material, 2) a spreadsheet exercise, 3) review of the exercise; then 4) follow-up with a question and answer session. Each successive session builds from the previous session. Each participant will be given exercise and review files to insure course fluidity, no matter the participants' background or level.

    Participants go through the process of building a fairly complex model step-by-step using a series of project document tariff sheets and macroeconomic information. This phase takes an equity view of the model. Next, the course reveals the power of the model by applying it to different perspectives, such as that of project lenders or equity holders. The third phase of the course uses more sophisticated modeling techniques, such as tables, goal searches and Solver, as well as discussion of Monte Carlo simulations.

    (NB: Prerequisite - A general knowledge of Excel, accounting principals and financial modeling is a minimum requirement for this course; particularly, the ability to generate a Statement of Cash Flows from an Income Statement and Balance Sheet. It is strongly suggested that those delegates with limited financial modeling experience consider taking Vair's Financial Statement Modeling and Analysis course

    More Information
    Please visit our website for a detailed syllabus and registration information