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Following on from the success of previous years’ events, SMi is presenting our 8th annual ‘Financial Modelling in PPP/PFI Projects’ conference, to be held on 1st & 2nd March 2006.

As the number of PPP projects continues to increase, the market presents exciting opportunities for project financiers. However, the complexity of these deals and their associated risks mean that financial modelling is all important.

Addressing complex issues relating to financial modelling through presentations, case studies and practical examples, and with more than 16 senior-level industry speakers, this forum is going to be an unparalleled source of information on financial modelling used in PPPs.

Also a fantastic networking event:

numeritas will be hosting a complimentary drinks reception at end of Day One. Enjoy a drink whilst making new contacts and discussing the issues of the day with speakers and delegates.



Programme highlights:

Learn the essentials of financial modelling for PPP/PFI
Discover how to make the most of models throughout the project - from bidding to financial close and onwards
Hear the latest developments in financial modelling in relation to securing value for money, refinancing, and dealing with risk
Understand the construction and review of financial models and the best model auditing techniques
Stay on target - the methods of best practice to avoid common pitfalls
Benefit from sector specific case studies in healthcare, education, housing and emergency services - appreciate the practical experiences and lessons learnt
Meet and network with leading industry players and raise the profile of your company

Benefit from industry presentations by:

Kevin Hanlon, Senior Executive, 4ps
Erica Dyson, Director, MAST LIFT Partnership
Terry Brewer, Head of Procurement, London Fire and Emergency Planning Service
Mike Inman, Head of Premises and Client Services, Stoke-on-Trent City Council
Peter Dawson, Project Finance Manager, Carillion Private Finance
Jerome Brice, Head of Financial Modelling, PPP/PFI, RSM Robson Rhodes
Jeremy Thomas, Director, Ernst & Young
Bob Dee, Director, Deloitte
Neil Rutherford, Manager, PricewaterhouseCoopers

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

9:10 PFI FINANCIAL MODELS

Kevin Hanlon

Kevin Hanlon, Senior Executive, 4ps

  • The basics about PFI financial models
  • Why its important to understanding these models
  • Identifying efficiencies and negotiating price
  • Knowledge transfer
  • 9:50 THE FINANCIAL MODEL THROUGH THE PROJECT

    Peter Dawson

    Peter Dawson, Project Finance Manager, Carillion Private Finance

  • Use of the financial model through bidding, evaluation, negotiation, construction and operation
  • Considerations when developing a financial model
  • Continuing to use the financial model through the concession
  • 10:30 Morning Coffee

    11:00 FINANCIAL MODELLING FOR LONG TERM PARTNERSHIPS (SUCH AS LIFT AND BSF)

    Jerome Brice

    Jerome Brice, Head of Financial Modelling, PFI/PPP, RSM Robson Rhodes

  • Pricing schemes without developing a full bid model
  • Producing the first model and integrating subsequent financial closes
  • Approaches to model review
  • Ongoing monitoring of the model
  • Bringing it all together
  • 11:40 CASE STUDY

    Mike Inman

    Mike Inman, Head of Premises and 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
  • 12:20 Networking Lunch

    13:50 REACHING FINANCIAL CLOSE IN HEALTHCARE PPPS - THEORY AND PRACTICE

    Erica Dyson

    Erica Dyson, Director, MAST LIFT Partnership

  • Financial close procedures
  • Managing risk
  • Working with the advisors as part of the team - effective allocation of responsibilities
  • Estimating and finance aspects throughout the project lifecycle - scoping to benefits realisation
  • Governance in large PPPs
  • 14:30 LONDON FIRE AND EMERGENCY PLANNING AUTHORITY

    Terry Brewer

    Terry Brewer, Head Of Procurement, London Fire And Emergency Planning Authority

  • The LFEPA experience
  • Developing financial requirements
  • Evaluating financial models
  • Effective comparison
  • Establishing value for money
  • Success factors
  • 15:10 Afternoon Tea

    15:40 SOCIAL HOUSING AND ESTATE REGENERATION - PPP AND PFI SCHEMES

    Ben Denton

    Ben Denton, Director, ABROS

  • Using the financial model to define the scope of the scheme
  • Modelling in an uncertain world
  • Modelling to achieve fundability and bankability
  • Modelling to inform the negotiation process
  • Modelling to quantify risks
  • 16:20 REFINANCING AND FINANCIAL MODELLING

    Glenn Richer

    Glenn Richer, Managing Consultant, PKF

  • Financial modelling issues
  • How opportunities for refinancing arise
  • Current developments
  • Dealing with the long-term
  • Ensuring objectives are met
  • Working practice of refinancing and financial modelling
  • 17:00 Chairman’s Closing Remarks followed by Drinks Reception hosted by numeritas

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    9:10 BUSINESS MODELLING FOR PPP/PFI PROJECTS

  • Generic modelling for PPP/PFI projects
  • Operating cash flows
  • Financing
  • Deal types
  • Pitfalls
  • Getting the balance right
  • Jeremy Thomas

    Jeremy Thomas, Director, Ernst & Young

    Darrin Shipp

    Darrin Shipp, Assistance Director, Ernst & Young

    9:50 MODELING FOR PFI VALUATIONS

    Neil Rutledge

    Neil Rutledge, Client Services Director, Grant Thornton

  • When to use the base model
  • Which cashflows matter?
  • Which discount rate should I use?
  • Modelling upside value drivers
  • Pitfalls
  • 10:30 Morning Coffee

    11:00 SECURING VALUE FOR MONEY IN NON-COMPETITIVE PROCUREMENTS

    Bob Dee

    Bob Dee, Director, Deloitte

  • Why take a non-competitive procurement approach?
  • Negotiation strategy and approach
  • Use of comparators to provide competitive tension
  • Beyond price - other VFM mechanisms
  • Case studies
  • 11:40 MANAGING THE MODELLING PROCESS

    David Forbes

    David Forbes, Project Finance Manager, Serco Capital Investments

  • Model production - the make versus buy decision
  • Managing stakeholders expectations
  • Getting benefit from advisors
  • Planning the project
  • 12:20 Networking Lunch

    14:00 SUGGESTED BEST PRACTICE TO AVOID COMMON PITFALLS

    Neil Rutherford

    Neil Rutherford, Manager, Corporate Finance Department, PricewaterhouseCoopers

  • Common pitfalls in modelling
  • The consequences of errors
  • Model development methodology
  • Generic PPP models – do they work?
  • 14:40 TACTICS FOR ACHIEVING PRICE REDUCTION

    Paula Jennings

    Paula Jennings, Director, BDO Stoy Hayward

  • Operational aspects
  • Financing aspects
  • Identifying use of "tactics"
  • 15:20 MODEL AUDITING TECHNIQUES

    Paul Myers

    Paul Myers, Director, Operis

  • What are the benefits?
  • How are expectations met?
  • Some techniques we use and why
  • 17:00 Chairman’s Closing Remarks and Close of Conference

    +

    Workshops

    Interpretation and Understanding of PFI/PPP Financing Models
    Workshop

    Interpretation and Understanding of PFI/PPP Financing Models

    The Hatton, at etc. venues
    3rd March 2006
    London, United Kingdom

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

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