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Following on from the success of previous years’, SMi is presenting our 7th Annual ‘Financial Modelling in PPP/PFI Projects’ conference, to be held on 2nd & 3rd March 2005 at the Hatton, London.

The financial model plays an integral part of the PPP project development process. The aim of this conference is to demonstrate how the success of projects, specifically PPP projects, are largely dependent on financial modelling and careful financial analysis. This conference will address complex issues related to financial modelling through presentations, case studies and a practical Financial Modelling Masterclass. With more than 14 senior-level industry speakers, and case studies from key public and private sector organisations, this forum is going to be an unparalleled source of information on financial modelling used in PPPs.

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Brian Madden

Brian Madden, Managing Director, Strata Business Development

9:10 FINANCIAL MODELLING IN PPP/PFI DEALS

David Finlay

David Finlay, Head of PFI Development, National Audit Office

  • Why the public and private sectors make use of financial models
  • Common pitfalls in the previous uses of financial models
  • Implications of the new Treasury guidance on evaluating the value for money of PFI deals
  • The role of financial modelling once the project is under way
  • 9:50 FINANCIAL MODELLING FOR LOCAL AUTHORITY PPPs

    David Locke

    David Locke, Director, 4ps

  • Developing financial models for long term procurement projects
  • Role of the financial model in local authority partnership projects
  • Are financial models used effectively in the procurement process?
  • Assessing project characteristics
  • Sponsors and governance objectives
  • Financial modelling lessons learnt
  • 10:30 Morning Coffee

    11:00 FINANCIAL MODELLING & REACHING FINANCIAL CLOSE IN HEALTHCARE PPPs

    Glenn Richer

    Glenn Richer, Regional Manager, Partnerships for Health

  • Overview of projects
  • The competitive procurement process
  • Financial modelling and financial close
  • Issues relating to interest rates and repayment profiles
  • Financial close procedures
  • Modelling for the future – beyond PFI
  • 11:40 CASE STUDY – NORFOLK SCHOOLS PFI PROJECT

    Matthew Rathbone

    Matthew Rathbone, Education PFI Project Manager, Norfolk County Council

  • Overview of project
  • Modelling the PFI contract
  • Including in the financial model aspects of the project which are not included in the PFI contract
  • How to maximise affordability and manage the interaction with value for money
  • Modelling and managing financial risks
  • Impact of changes to the ODPM funding system
  • 12:20 Networking Lunch

    13:50 MANAGING THE MODELLING PROCESS

    Rupert Sykes

    Rupert Sykes, Commercial Director - Projects, Serco Defence & Aerospace

  • Model production - the make versus buy decision
  • Managing stakeholders expectations
  • Getting benefit from advisors
  • Planning the project
  • 14:30 FINANCE MODELLING: OBJECTIVES AND LATEST ADVANCES

    15:10 Afternoon Tea

    15:40 REFINANCING AND FINANCIAL MODELLING

    Jeremy Thomas

    Jeremy Thomas, Director, Ernst & Young

  • Recent refinancings
  • Issues in building a refinancing model
  • Flexibility versus usability
  • Updating for actuals
  • 16:20 VALUE, RISK AND OPPORTUNITY IN PPP PROCUREMENT

    Dr Das Mootanah

    Dr Das Mootanah, Project Manager, CIRIA

  • What is whole-life value in PPP?
  • Different perspectives of risk, opportunity and value
  • Assessing and modelling risks and stakeholder values
  • Managing and communicating risk and value issues to stakeholders
  • Achieving optimum balance of value and risk in PPP
  • 17:00 Chairman’s Closing Remarks and Close of Day One

    8:30 Re-registration & Coffee

    9:00 Chairman's Opening Remarks

    Richard Payne

    Richard Payne, Director, Currie & Brown

    9:10 INCORPORATING TAX INTO THE FINANCIAL MODEL

    Paul Bartlett

    Paul Bartlett, Director, PFI Tax Group, Deloitte & Touche

  • How to determine the most appropriate tax assumptions for the financial model
  • How to model the new UK-UK transfer pricing rules
  • Changing the tax assumptions on refinancing
  • Recent stamp duty and VAT changes
  • 9:50 SUGGESTED BEST PRACTICE TO AVOID COMMON PITFALLS

    Stephen Vere

    Stephen Vere, Assistant Director, PricewaterhouseCoopers

  • Common modelling errors
  • The consequences of errors
  • Model development
  • A standard PPP model?
  • 10:30 Morning Coffee

    11:00 PFI CREDITS & AFFORDABILITY

    Rupert Stanley

    Rupert Stanley, Director, ABROS

  • How to convert PFI credits into revenue support profiles
  • The prescribed rate
  • Reducing balance method
  • Annuity method
  • Calculating affordability
  • PFI credit applications
  • Difficulties that arise in practice
  • 11:40 MODEL AUDITING TECHNIQUES

    Paul Myers

    Paul Myers, Assistant Director, Operis Group plc

  • What are the benefits?
  • How are expectations met?
  • Some techniques we use and why
  • 12:20 Networking Lunch

    13:45 FINANCIAL MODELLING MASTERCLASS

    13:50 BUILDING BETTER MODELS

    14:30 OPTIMISING AND REPORTING

    15:10 Afternoon Tea

    15:40 REVIEWING MODELS

    16:20 SUMMARY OF MASTERCLASS

    Daniel Freeman

    Daniel Freeman, Director, FinancialModelling.com

  • Review & questions
  • 17:00 Chairman’s Closing Remarks and Close of Conference

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    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

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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:

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