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Certificate in Project Finance

Rating:
4.8
English
Intermediate
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Course Overview

Our CPF Certified Project Finance course is carefully tailored to help you understand the latest finance trends and help you: Understand how and when Project Finance can be used Evaluate the key costs and projected cashflows in a project appraisal Evaluate the risks associated with a project Review and interpret the project financial model Assess the most appropriate financing structure for a project

Key Takeaways

1
Understand how and when Project Finance can be used.
2
Evaluate the key costs and projected cashflows in a project appraisal as a basis for determining the capital structure of project financings.
3
Evaluate the risks associated with a project as a basis for assessing an optimal allocation of those risks to the project stakeholders.
4
Review and interpret the project financial model.
5
Assess the most appropriate financing structure for a project.

LEORON - Professional Development Institute
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Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering. With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.

Course Outline

Day 1
SESSION 1 - Overview
Overview of activity in Project Finance - pre and during the credit crisis Review of a typical Project Finance transaction to illustrate structure and key aspects of the transaction
SESSION 2 – Principal players
Who the key players in a typical PF structure are Project Finance vs. the corporate financing of projects Linking the key players in a PF transaction to understanding their objectives as stakeholders - use of the Mendelow matrix
Exercise: review of background of a case study to identify the motivations and objectives of the main parties to the project and what can go wrong when expectations diverge
SESSION 3 - Risk evaluation
Key risks – construction, operating and financial Who bears which risks - typical approaches to risk allocation Developing a risk management framework Focus on political risks Examination of the credit risks and credit rating in a transaction
Case Study: Putting risk identification and assessment skills to work
Day 2
SESSION 1 – Developing PF projections and financial statements
Establishing and testing assumptions? What is the benchmark for the sector?
Exercise: Reviewing the underlying assumptions – participants review background on a project to assess the underlying assumptions
SESSION 2 – Developing the financial model
Structuring a cash flow model of the project, based on assumptions explicitly formulated
SESSION 3 – Financial ratios and sensitivity analysis
Quantify the impact of changes to key operating assumptions Using sensitivity analysis to assess the key factors that will influence the project viability and whether the project is based on reasonable assumptions Key Project Finance financial ratios Use of nominal vs. real figures Calculating stakeholder returns Internal Rate of Return (IRR) and Modified IRR Monte Carlo simulations
Exercise: Review of a spreadsheet for a case study project to identify potential key influences on project viability and the impact on the Project IRR
Day 3
SESSION 1 - Debt financing sources for corporates
A review of types of debt and their characteristics – including mezzanine and hybrid forms
Exercise: Participants discuss key features of corporate debt financing options
SESSION 2 - Sources of debt financing in projects and debt capacity
Tailoring the debt to reflect the operating cashflow profile for the project - how to assess the debt capacity of a project Impact of the “credit crisis” on Project Finance An overview of the objectives for the principal types of debt financiers for projects, including Export Credit Agencies and Development Banks
SESSION 3 - Hedging of financial risks – Instruments and techniques
Interest and foreign exchange management issues in Project Finance The use of derivatives to hedge foreign exchange and interest rate risks The use of capital markets for Project Finance related debt financings, including potential use of credit enhancement techniques.
SESSION 4 - Case study - debt funding assessment
Participants review and develop the debt structure for the assigned Case Study and to assess debt capacity Assessing the sensitivity of the cash flows to debt servicing considerations and testing for other operating and financial risks.
Day 4
SESSION 1 - How equity investors assess projects
An overview of the main project investment appraisal techniques and discussion on their uses and limitations: Accounting-based returns; Payback methods; Return on Investment A review of the principles for calculating corporate cost of capital and use as a basis for evaluating project returns: Capital Asset Pricing Model Understanding the equity investor’s approach to achieving returns from the project company, including operating relationships with the project company, and cash extraction through re–financing.
Exercise: Calculation and comparison of returns from selected projects
SESSION 2 - Case study: review of a project from an equity investor’s perspective
Participants review projected returns and key sensitivities
SESSION 3 – Political/Country risks -- a closer examination of the problems associated with risky situations
SESSION 4 – A look at the Chad/Cameroon petroleum project
An integrative look at the variety of risks which accompanied this development project.
Day 5
SESSION 1 - Documentation for Project Finance
Review of the key issues to be covered in Project Finance term sheets Rationale and structure of loan documentation. Representations and warranties; conditions precedent; key covenants; Events of default. Intercreditor issues. A review of other relevant contracts: Third party credit support and security issues for debt financiers, including critical commercial issues in offtake agreements, fuel supply agreements, O&M agreements, construction contracts, and shareholder agreements.
SESSION 2- Case study - Term Sheet
Participants make a recommendation for the key terms and conditions for the assigned Case Study project
SESSION 3 - Why projects face difficulty
Typical reasons for failure. Lessons learned from past project difficulties (discussion of structure of transactions) Options for dealing with problem projects. Review of a problem project; what the issues were; how they were addressed.
SESSION 4 - Wrap-up of program and Quiz
A multiple choice test

Who Should Attend?

This highly practical and interactive course has been specifically designed for
Credit risk analysts reviewing Project Finance transactions and/ or companies actively involved in Project Finance Corporate Banking Relationship Managers Equity Investors Project Finance engineers Lawyers and other professional advisers Government officers involved in the development of policy for PPP projects Fund Managers investing in Infrastructure projects, whether in the form of debt and/or equity

FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
    Country Learning & Development Manager at IKEA Saudi Arabia
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
    Dir L&D, Talent Management at Mobily, Etihad Etisalat Company
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
    VP, Business Winning at BAE Systems Saudi Development & Training
  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie
    Sr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen