Open Seminar

Infrastructure Project Finance Bootcamp

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Programme snapshot

  • Date: 31st July - 8th August, 2024 (9 days)
  • Fee: N1,500,000.00
  • Location: LBS Campus
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Overview

Project Finance is a highly technical and complex field that has evolved with PPPs, especially as a limited-recourse facility. As a rapidly developing field of practice in connection with the rolling out of PPPs in Nigeria, there has been established a grave need for updating of the skills of investment professionals and financial analysts involved in infrastructure projects across the country.

Delivered by internationally certified and recognized experts in LBS and the PPP domain of practice, this Seminar is designed to assist investment professionals and financial analysts in fully understanding the practical techniques, skills, and spreadsheet models needed to analyze, structure, negotiate, and ultimately complete successful project-backed financings. By presenting effective financial model design techniques, analyzing case studies of project financing models, and participating in role-playing simulations to analyze and negotiate infrastructure project financings, participants in this program will learn how to design and structure project financing models, how to review and critique project financing models, as well as how to strengthen the structure and how to negotiate infrastructure project financings.

This bootcamp is delivered in 4 modules, over seven days, including a case study and site visit. Below is an overview of the areas covered in the 4 Modules:

This Project Finance Bootcamp is designed to provide participants with a comprehensive understanding of project finance, including the key principles, practices, and strategies involved. The bootcamp covers three essential components of project finance:  Project finance modeling, Finance fundamentals, and Legal fundamentals.

Legal Fundamentals of Project Finance: In the legal fundamentals component, participants will gain an understanding of the legal aspects of project finance, including contract negotiation, regulatory compliance, and dispute resolution. They will also learn about the role of the various legal and regulatory bodies in project finance and how to navigate the legal complexities involved.

Finance Fundamentals of Project Finance: In the finance fundamentals component, participants will gain an understanding of the financial and economic aspects of project finance, including project finance structuring, contract negotiation, and risk management. They will also learn how to analyze project economics and evaluate project feasibility.

Project Finance Modeling: Participants will learn how to develop financial models for projects and analyze project risk, including the assessment of cash flows, discount rates, and sensitivities. They will also gain hands-on experience in creating project finance models using financial modeling software.

Infrastructure Project Financing Case-Studies-Led Session: Illustrations of project financing deals from legal, and finance standpoints and investment analysis from different infrastructure sectors.

Overall, participants can expect to leave the Infrastructure Project Finance Bootcamp with a comprehensive understanding of project finance, including the skills, knowledge, and practical experience to navigate and succeed in this exciting field.

Learning Objectives and Benefits

Here are some of the learning outcomes for Project Finance Modeling course

  • Understanding key financial metrics: Participants will learn how to analyze financial statements and understand the key metrics used in project finance modeling.
  • Project Cash Flow Analysis: Participants will learn how to create and analyze cash flow projections for a project, including how to identify and assess the key drivers of cash
  • Debt Sizing and Structuring: Participants will learn how to size debt for a project and understand the different debt structures used in project finance.
  • Modeling Risk: Participants will learn how to model different types of risks associated with a project, including credit risk, market risk, and project risk.
  • Sensitivity and Scenario Analysis: Participants will learn how to perform sensitivity and scenario analysis to assess the impact of different variables on a project’s financial
  • Financial Feasibility Analysis: Participants will learn how to perform a financial feasibility analysis to assess the viability of a project and determine whether it meets the financial criteria for project financing.
  • Integration of Project Financing Strategies: Participants will learn how to integrate project financing strategies into the financial model and understand the trade-offs between different financing options.
  • Modeling for Debt Repayment: Participants will learn how to model debt repayment, including how to assess the impact of different debt repayment schedules on a project’s cash flows.

INFRASTRUCTURE PROJECT FINANCING CASE-STUDIES-LED SESSION

  • This session is designed to be interactive and hands-on, and participants will be given the opportunity to work on real-world case studies and to participate in group discussions and workshops.

Who should attend

Some of the individuals and groups that may find learning about project finance beneficial include:

  1. Investment bankers: Investment bankers involved in project finance transactions will benefit from learning about the various financial structures and techniques used in these transactions.
  2. Corporate finance professionals: Corporate finance professionals in industries such as energy infrastructure, and real estate can benefit from learning about project finance as a way to structure and finance large-scale projects.
  3. Financial analysts and consultants: Financial analysts and consultants who work on projects related to infrastructure, energy, and other industries will benefit from learning about project finance as a way to assess the financial viability of these
  4. Project managers and engineers: Project managers and engineers who are involved in the development, construction, and operation of large-scale projects will benefit from understanding how project finance can be used to structure and finance these projects.
  5. Lawyers and other legal professionals: Lawyers and other legal professionals who are involved in the negotiation and drafting of project agreements will benefit from learning about the legal and regulatory requirements of project finance.
  1. MBA students and other graduate students in finance and business: MBA students and other graduate students in finance and business will benefit from learning about project finance to understand the financing and investment aspects of large-scale projects.
  2. Government officials and policymakers: chairpersons, directors at MDAs, commissioners and managers of parastatals currently involved or intending to engage in PPPs through project financing; chairmen, directors and managers of private companies who are intending or are currently engaged in PPPs.

Overall, anyone who is interested in the financing and investment aspects of large-scale projects, such as infrastructure, energy, real estate, etc., would benefit from learning about project finance.

 

 

Structure and Curriculum

• Review of fundamental rationale for project financing
• Key technical structures of limited-recourse project financing vs. sovereign financing vs. corporate financing
• Understanding the key trends and dynamics that have driven and shaped the global project financing market since 1990
• Understanding the role of financial analysis and project financing spreadsheet design and development within the project financing life-cycle
• The impact of the current global financial crisis on the requirements for projects financing analysis and spreadsheet development
• Understanding key practical characteristics of effective project analysis models: clarity, flexibility & robustness
• KIM STAKING – Distinguishing three key components of effective financial analysis models; inputs, data manipulations, and outputs
• Specifying the analytical needs of key project stakeholders: Users & tariff affordability; Investors & Return on Equity (ROE) and payback periods; Lenders and Debt Service Coverage Ratios (DSCRs); Governments and Value for Money (VfM) benefits; and other stakeholders (labour, local suppliers, etc.)
• Designing, labeling, and programming key financial model worksheets: The input and results worksheet, demand projections, capital investments, financing sources, income statement, revenue projection, depreciation schedules, debt schedules, cash flow statement, and balance sheet projections
• Understanding and applying sensitivity and scenario analysis techniques
• Single-iteration variable analysis vs. multi-iteration Monte Carlo simulation analysis
• Analyzing the results of investment sensitivity analysis: identifying the need for additional credit enhancements to establish “bankability”
• How to structure, model, and apply project financing credit enhancement techniques: capital enhancement techniques: capital contributions, minimum demand, and off-take guarantees,
reserve accounts, subordinated debt, additional sources of revenue, public equity, and other credit enhancements

Admission process

1. Click on the Apply Now tab
2. Select the number of participants to enroll on the programme
3. Fill in your details to complete your application
4. Request for an invoice or make an instant payment via our secured payment gateway
5. Upon confirmation of payment, a programme manager will get in touch with you at least three days before the programme commences.

Faculty

Dr Bongo Adi

Faculty, Lagos Business School

PROMISE GODBOLD-

ACA. – Lead Project Fi- nance Consultant, BFI Insights Ltd

VICTORIA ENOC-AHIAMADU-

CFA. – Associate, African Finance Corporation (AFC)

OKORO OKECHUKWU-

LLB, BL, LLM. – Deputy

Managing Partner, G-Elias & Co

 

Testimonials

Upcoming Sessions and Contact

  1. Toba Olugosi

Client Relationship Manager

Infrastructure and Project Finance

Email: tolugosi@lbs.edu.ng

Phone Number: +2347080070553

 

 

Got questions?

Send us a quick message, stating your questions or concerns about this programme and expect a response in a few minutes.

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