Project finance modelling: ‘Project Returns’ vs ‘Equity Returns’

By Hitansh Doda

Tuesday 15th February 2022

For informed investment and credit decision for real assets in infrastructure and energy, it is critical to have a full understanding of the financial returns. This free webinar outlines the concepts of ‘project returns’ and ‘equity returns’, and demonstrates in detail the required calculations.

Learning objectives:

  • Understand the definition of ‘project return’ and ‘equity return’ in a project finance or real asset context 
  • Review the typical modules covering the financial returns of a financial model
  • Learn how to use the Excel functions IRR, XIRR, NPV and XNPV and how they relate to first principles 
  • Illustrate the analysis with scenario analysis demonstrating the financial return sensitivity on both project returns (and how this changes with debt leverage)