Best Practice Project Finance Modelling
Best Practice Project Finance Modelling
2 day duration
Designed to appeal to project sponsors, bankers and advisors, Best Practice Project Finance Modelling is essential to improve your ability to build, review or analyse project finance models at all levels.
Best Practice Project Finance Modelling will give you the tools you need to build and sensitise robust and transparent cashflow based financial models and dramatically increase your Excel efficiency. During this two-day financial modelling course, you will, under personal coaching from our expert trainer, build your own project finance model from scratch using the Mazars Financial Modelling methodology, Mazars’ globally proven modelling methodology.
You will learn the modelling principles and a structured approach that is applicable across a range of industries including Infrastructure, Mining, Oil & Gas, Power, Renewable Energy, Utilities and Real Estate.
This project finance modelling course will enable you to:
- Achieve consistent and accurate outputs using the Mazars Financial Modelling methodology
- Learn efficient modelling techniques to deliver more analysis, faster and more accurately
- Acquire specialised skills to build a flexible and powerful scenario manager to analyse your projects sensitivity to key drivers
- Master time saving techniques including scenario management and data tables
- Construct flexible debt repayment functionality and ratio analysis
Who should attend this course focused on project finance models?
This course will benefit anyone who needs to build, review or analyse project finance models. Typical attendees include Analysts, Managers, Senior Managers and Associate Directors.
Pre-course knowledge
While no pre-course modelling knowledge is strictly required, it is expected that participants have a good handle on Excel prior to attending the course. Upon registration you are entitled to our introductory material on Excel functions which will give you the confidence and skills to fully absorb the contents of this course.
Upcoming
Monday 27th March 2023
Melbourne, Asia-Pacific
Wednesday 29th March 2023
Digital, Europe, Middle East, Africa
Monday 3rd April 2023
Sydney, Asia-Pacific
Tuesday 4th April 2023
London, Europe, Middle East, Africa
Tuesday 11th April 2023
Digital, Asia-Pacific
Monday 17th April 2023
Digital, Americas
Monday 8th May 2023
Hong Kong, Asia-Pacific
Monday 8th May 2023
Singapore, Asia-Pacific
Wednesday 17th May 2023
Manila, Asia-Pacific
Monday 22nd May 2023
Digital, Asia-Pacific
Tuesday 30th May 2023
Madrid, Europe, Middle East, Africa
Course Agenda
Day One
Master proven techniques for best practice modelling resulting in better models built faster
- Learn to work with the powerful and easy to follow Mazars Financial Modelling methodology
- Discuss and identify good vs. bad modelling techniques using real-life examples
- Greatly increase consistency amongst your team in calculation technique and presentation
Discuss the life-cycle of a project finance model, from screening and structuring to financial close
- Learn the various structural phases of project finance. Understand when to use which phase
- Build your understanding of the building block components, key details and challenges of a transaction model
- Understand the design flow of the model builder, learn how to know where to go next
Develop a model structure that is robust and scalable that can evolve with a typical project or transaction
- Establish key constants in the model using full scope of Excel range name function
- Build a flexible timing structure using appropriate date functions and binary flags
- Construct modularised units that form the building blocks of a professional model including (but not limited to):
- Capital Expenditure breakdown with contingencies
- Production calculations with multi-path optionality on time-series schedules
- Revenue build up with detailed pricing controls
- Operational and maintenance expenses including fixed and variable items
Understand the structure of cashflow waterfalls and the importance of ‘seniority’
- Learn how to calculate Cash Flow Available for Debt Service
- Learn how to layout line items in an efficient and easy to communicate way
- Understand the different types of circular references and how to avoid them
Day Two
Integrate project finance term (operational) debt
- Walk through of term debt structuring and annuity repayment through first principles
- Inclusion of target Debt Service Coverage Ratio repayment functionality
- Discussion of linear and bullet repayment structures in project finance
Construct and analyse debt facilities for credit or investment decisions
- Learn the importance of credit ratios and their purposes in analysis
- Build commonly used ratios in banking and finance from first principles
- Extract key metrics from ratios using a range of advanced Excel functions
Calculate key returns results and understand the role of dividends policy
- Discuss the reason and impact of dividends policy on valuations
- Integrate internal rate of returns and NPV, understand role of the discount rate
- Learn differences between NPV and XNPV functions and common errors in their application
Take control of robust and rapid sensitivity and scenario analysis through powerful Excel techniques
- Save time and deliver rapid analysis with our approach to scenario management
- Use the scenario manager to test the model in all scenarios
Build confidence in your analysis through pre-programmed combinations of model inputs