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Are you about to make the wrong decision in your PFI project?

As the number of Public-Private Partnership (PPP) project finance deals continues to gather pace, the area presents exciting opportunities for project financiers. But the complexity of these deals and their associated risks mean that it is essential for all parties to be able to construct efficient and accurate financial models.

This event will highlight the key issues relating to using financial models in PFI projects and will provide an excellent networking opportunity for all involved. Key topics covered will include: understanding the basics of a PFI financial model, how to make the most of models throughout the project - from bidding to financial close and onwards, and the latest developments in financial modelling in relation to securing value for money, refinancing, and dealing with risk. Most crucially to the conference, there will be sector-specific case studies throughout the programme.


Testimonials from our 2006 event…

“Most impressed and exceeded my expectations – Very well done!”
Andrew Mowle, PFI Contract Manager, Sussex Police

“Well presented and balanced two days”
Lynne Donaldson, Snr Project Accountant, NHS Tayside (2006 Financial Modelling conference delegate)


Benefits of attending:
  • Make the most of models throughout the project – from bidding to financial close
  • Understand the construction and review of financial models and how to extract savings in PFI financial modelling
  • Modelling best practice: Staying on target and avoiding common pitfall
  • Key topics: refinancing, risk quantification, post-financial close models, PPP/PFI inflation hedging structures, legal aspects
  • Meet and network with leading industry players and raise the profile of your company


A unique opportunity to learn from leading industry experts including:

Kevin Hanlon, Director, Projects, 4ps
David Finlay, Director, Head of PFI Development, National Audit Office
Mike Inman, Head of Premises and Client Services, Stoke-on-Trent City Council
Peter Standfield, Chief Executive, Newcastle & North Tyneside LIFT Company
Jerome Brice, Director, Mazars
Bob Dee, Director,Deloitte
Neil Rutherford, Assistant Director, PricewaterhouseCoopers
Glenn Richer, Managing Consultant, PKF
Michael Moseling, Project Finance Director,Atkins
Mike Walker, Director, Head of Consulting Services Division,Currie & Brown

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Jerome Brice

Jerome Brice, Director, Mazars

9:10 FINANCIAL MODELLING FOR PPP/PFI

David Finlay

David Finlay, Director, PFI Development, National Audit Office

·               Why are financial models used?

·               Pitfalls in financial modelling – how to avoid them

·               The role of audit in examining models

·               Developing better practice

9:50 EXTRACTING SAVINGS IN PFI FINANCIAL MODELS

Kevin Hanlon

Kevin Hanlon, Director, Projects, 4ps

 

·                Scrutinising building and operating costs

·                Funding efficiency

·                Modelling and cash flow efficiency

·                Contractual efficiency

10:30 Morning Coffee

11:00 FINANCIAL MODELS FOR PROJECT MONITORING

Jerome Brice

Jerome Brice, Director, Mazars

·         Why produce a separate monitoring tool?

·         Key considerations for public and private sectors

·         Structuring the model

·         Model audit requirements

·         Managing updates

·         Incorporating contract change

11:40 Panel discussion

Glenn Richer

Glenn Richer, Managing Consultant, PKF

Paula Jennings

Paula Jennings, Director, BDO Stoy Hayward

Jerome Brice

Jerome Brice, Director, Mazars

12:20 Networking Lunch

13:50 REFINANCING AND FINANCIAL MODELLING

Glenn Richer

Glenn Richer, Managing Consultant, PKF

·                Key issues

·                Changes to the market and new models of PPP

·                Developments in approaches to funding

·                Gain sharing and compensation on termination

·                Demonstrating value for money

·                Transparency and consent

14:30 FINANCIAL MODELLING IN LIFT SCHEMES

Peter Standfield

Peter Standfield, Chief Executive, Newcastle & North Tyneside LIFT Company

 

·               Specific features of LIFT transactions

·               Sample schemes and portfolio issues

·               Sharing costs across present and future schemes

·               Benchmarking data and demonstration of VFM

·               Supporting the public sector decision making process

·               Reducing time to financial close

15:10 Afternoon Tea

15:40 REVIEWING FINANCIAL MODELS

Paula Jennings

Paula Jennings, Director, BDO Stoy Hayward

·         Risk from different perspectives

·         Menu approach to model review

·         Focus for bidders

·         Practical tools and tips

16:20 CASE STUDY

Mike Inman

Mike Inman, Head of Premises Client Services, Stoke On Trent City Council

·                What’s in, what’s out - affordability

·                Sampling for data - accuracy

·                Procurement time - affordability

·                Change mechanisms

·                Public Sector Comparator

·                Pre-contract modelling

·                Post-contract modelling

·                Learning points

17:00 Chairman’s Closing Remarks and Close of Day One

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Mike Walker

Mike Walker, Director & Immediate Past Chairman , Institute of Risk Management, Registered Risk Practitioner

9:10 RISK THINKING APPLIED TO MODELLING

Mike Walker

Mike Walker, Director & Immediate Past Chairman , Institute of Risk Management, Registered Risk Practitioner

§                 Risk  thinking & risk leadership

§                 Uncertainty versus risk

§                 Are financial models risk aware?

§                 Generic models for partnership projects

§                 Some alternative techniques

9:50 DEVELOPING ROBUST BUSINESS CASES FOR PUBLIC SECTOR PROCUREMENTS

Bob Dee

Bob Dee, Director, Deloitte

 

·               The purpose of a business case

·               Relevant guidance and document structure

·               Developing a comparator strategy

·               Technical tips and issues

·               Understanding the procurement and approvals process

·               Common pitfalls

10:30 Morning Coffee

11:00 POST-FINANCIAL CLOSE REPORTING MODELS

Steve Bodman

Steve Bodman, Senior Executive, Ernst & Young

·               Modelling challenges arising on transition from successful bid to ongoing reporting

·               Key differences between bid and reporting models

·               Successful implementation of reporting and monitoring solutions

·               Developing models to facilitate:

·   Efficient input of management information from other systems

·   Monitoring of actual performance in a transparent and user friendly way

·   Identification and understanding of variances compared to the bid

·   Reforecasting and ‘what-if?’ analysis

·   Generation of appropriate ‘report ready’ outputs

·               Monitoring portfolios through use of financial models

11:40 MODELLING AND ANALYSIS OF PPP/PFI INFLATION HEDGING STRUCTURES

John Richter

John Richter, Director, Financial Mechanics

·               Calculating traditional UP weighting factors

·               Fixed interest rate debt and swaps

·               Engineering fixed capital returns through RPI swaps

·               Modelling index-linked debt structures

·               Index-linked equity returns – potential investor interest?

·               Accounting and tax advantages, complexities, and issues

12:20 Networking Lunch

14:00 RISK QUANTIFICATION SYSTEMS

Peter Andresén

Peter Andresén, , Risk Integrated

·               Basel II’s requirements for quantifying risk

·               Alternative methodologies for risk quantification

·               Simulating the debt cascade

·               Implementing complex models as live systems

·               Using risk measurement systems in deal structuring

·               Using risk measurement systems for portfolio reporting

14:40 LEGAL ASPECTS OF THE FINANCIAL MODEL

David Kilduff

David Kilduff, Partner, Head of Commercial Group, Walker Morris

·               Where does the model sit within the contract?
·               Other methods of addressing financial consequences
·               Impact of Guidance on Standardisation of Contract Terms

15:20 MODELLING BEST PRACTICE AND THE IMPORTANCE OF CONTROLS

Neil Rutherford

Neil Rutherford, Assistant Director, PricewaterhouseCoopers

·               Why does modelling matter?

·               The consequences of errors

·               The importance of financial modelling frameworks

·               Model development methodology

·               Finalising and issuing models

16:00 Chairman’s Closing Remarks and Close of Conference followed by Afternoon Tea

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Workshops

PFI Financial Modelling Case Study
Workshop

PFI Financial Modelling Case Study

The Hatton, at etc. venues
2nd March 2007
London, United Kingdom

The Hatton, at etc. venues

51/53 Hatton Garden
London EC1N 8HN
United Kingdom

The Hatton, at etc. venues

HOTEL BOOKING FORM

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WHAT IS CPD?

CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

CPD AND PROFESSIONAL INSTITUTES

There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

GLOBAL CPD

Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

CPD Certificates

We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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