A one-day Practical Applications of Project Finance for PPP course that develops the concepts of project finance structures introduced in our Understanding PPP course. The programme will take place in Sydney on Wednesday, 25th May and will be kindly hosted by corporate members, Baker & McKenzie.
Through an in-depth discussion of a hypothetical case study participants will review project cashflows, contractual structures and risk management techniques used in Project Finance and PPP projects. Participants will gain a comprehensive understanding of techniques to successfully implement Project Finance deals. The course will be facilitated by leading practitioners in the project finance market and will include detailed course materials, with interactive discussions, working groups and case studies. Each delegate will also receive a Certificate on satisfactory completion of the course, plus CPD points.
The course will assume the participant is familiar with the underlying subject matter and will develop a practical application of concepts using worked examples and case studies. Some pre-reading will be required.
Full details of our course instructors can be found via our website.
The course will be held over one day – the full programme and course fees are set out below. To register your place, please complete the online booking form.
DAY ONE
08.30 - 09.00 REGISTRATION
09.00 - 09.30 WELCOME & INTRODUCTION TO COURSE
09.30 - 10.00 PROJECT FUNDING & FINANCING
• Using the outline case participants will review the selected funding and financing relative to alternative options.
10.00 - 10.30 PROJECT CASHFLOWS
• Financial Model
• Sensitivity, Breakeven Analysis
• Scenario analysis
10.30 - 10.45 COFFEE BREAK
10.45 - 12.30 FINANCE STRUCTURE
In groups participants will examine a simple cashflow and make recommendations about debt structure and liquidity needs.
• Using conclusions from first two session review a draft term sheet
• Equity – dividend trap, timing of contribution and support
• Debt structures, sweeps, sinking funds, negative carry
• Debt increases – expansion, increases due to performance, subordinated
• Liquidity tools – reserve accounts, distribution test levels
12.30 - 13.30 LUNCH
13.30 - 14.30 FINANCIAL DOCUMENTS
In groups participants will work through a term sheet and recommending changes for the project analysed in the morning.
• Bonds versus bank debt
• Debt limitation covenants
• Variations on cash controls - distribution tests & lock-ups
• Other Project Documents
14.30 - 15.00 PROJECT DOCUMENTS
• Reading and analysing document packages
• The links between project documents & gap analysis
• Review process – version control and mark-ups
• Key terms of project agreements including procurement
• Force Majeure and Termination
• Liability caps and support mechanisms
• Counterparty
15.00 – 15.30 COFFEE BREAK
15.30 – 16.30 Groups will present their responses
16.30 - 17.00 WRAP-UP
17.00 - 18.00 Networking Drinks Reception kindly hosted by Baker and McKenzie
FEES
· IPFA Member / Public Sector Delegate rate: AUD $830
· Non IPFA Member Delegate rate: AUD $1,000
GST is not applicable and will not be charged. Fees include all documentation, lunch and refreshments but does not include accommodation.
Discounts are available for multiple bookings and are processed as follows:
· For two delegates a 10% discount will be applied to the total fee
· For three delegates a 15% discount will be applied to the total fee
· For four or more delegates a 20% discount will be applied to the total fee
REGISTRATION
Please complete the online booking form to register for the course. Once your registration has been received, an invoice will be raised and sent to you in Australian Dollars. Confirmation of your attendance along with joining instructions will be sent upon receipt of payment. For further information, please contact training@ipfa.org.
