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Euromoney Learning Solutions

Project Finance Cashflow Modeling (module 2 of the Project Finance Academy)

Next dates

Jul 12
London, United Kingdom
GBP 1295 ≈USD 1670
GBP 1295 per day

Description

Get hands on experience with cashflow models, debt capacity & investment

This course represents module 2 of the Project Finance Academy.

Module 2 This day-long session gives participants a hands-on opportunity to build a cash flow model for an LNG facility using Excel-based software. At the conclusion of the segment participants will be have built a pro forma project model suitable for examining debt capacity and project return on investment.

Four Workshops That Can Be Booked Together or Separately:

  • Module 1: Advanced Project Finance Workshop (4days)
  • Module 2: Cashflow Modelling (1 Day)
  • Module 3: Financing Natural Resources: Oil, Gas and Mining Projects (2 Days)
  • Module 4: Infrastructure Finance and PPP (2 Days)

Agenda

Day 6 Themes: Project Finance Modelling

Participants will spend a day building a model for a Liquified Natural Gas (LNG) project. They will test a limited-recourse financing package for debt capacity and attractiveness to investors. Discussion of common approaches to modeling with Excel, ‘dos’ and ‘don’ts’. Practical use of models for negotiations.

Modelling Workshop Overview: Objectives and Approaches

  • Constructing a Model / Common Myths
  • Variations by Project Type
  • Overview of LNG Plant and Major Contracts

Structuring the Model and Organizing the Data to Create a Cashflow Statement

  • Developing the Assumptions Page
  • Construction Costs and Timing
  • Operating Cost, Plant Capacity Usage, Fixed and Variable Costs
  • Reinvestment, Plant Expansion, Productivity Shifts

Financing Section

  • Equity First or Pro Rata
  • Manually Designed Equity Subscription
  • Draw-down of Debt Linked to Specific Contracts, Expenditures or in a Hierarchy

Developing the Profit and Loss and Balance Sheet

  • Factoring in Reserves
  • Considering Currencies
  • Tax Calculations
  • Working Capital

Ratios and Sensitivity Analysis: Objectives and Limitations

  • Measuring Debt Capacity and Investor Return
  • Using Modelling Output for Initial Project Vetting
  • Supporting on-going Negotiations

Who should attend

  • Bankers/Investment Bankers
  • Project Finance Modelers
  • Financial Advisors
  • Sponsors/Project Joint Ventures
  • Project Developers
  • Government/PPP Agencies
  • Public Sector Managers
  • Export Credit Agencies
  • Multilateral Agencies

Experts

Ms. Osius designs and delivers executive level training sessions as well as providing consulting services to a wide variety of organizations worldwide. Specializing in international project finance, capital markets, and risk management, she works with corporate investors, private and development ...

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