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SMi's 12th annual event, Debt & Equity Financing for PPP/PFI Projects, will assess the evolving models for funding infrastructure and PFI. Primary and secondary market deals will be discussed and ground-breaking case studies presented. With over 16 high-level industry speakers this forum will provide a vital update and exciting networking opportunity for all involved.

There are a whole host of issues facing the industry at the moment which will be covered at this well established conference. Key topics include: funding competitions, debt funding, bond financing,securisation of PPP debt, the secondary market and wider opportunities in Europe and beyond.

This timely conference promises to provide both the private and public sectors with a valuable insight into PFI deal structures, and create an ideal opportunity to take advantage of this growing market.

Key Speakers incude:

Andrew Rose, Board Director, Partnerships UK

Paul Woodbury, Partner, Henderson Private Capital

Robert Rees, Partner, Secondary Market Infrastructure Fund (SMIF)

Gershon Cohen, Head of Infrastructure Finance, Bank of Scotland (HBOS)

Paul Leatherdale, Managing Director and Member of Executive Committee, Depfa Bank

Giacomo Montrasio, Associate Director, UBS Investment Bank

Paul David, Managing Director, Head of PFI, MBIA Assurance

Andrew Dumbleton, Corporate Finance Partner, BDO Stoy Hayward

David Finlay, Director of PFI Development, National Audit Office

Robin Herzberg, Managing Director, Carillion Private Finance

Nicholas Jennett, Senior Loan Officer, European Investment Bank

Roman Matkiwsky, Executive Vice President, CEE, Skanska Infrastructure Development

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

David Clausen-Thue

David Clausen-Thue, Principal, Corporate Finance, Deloitte

9:10 FUNDING MODELS

Gershon Cohen

Gershon Cohen, Head of Infrastructure Finance, Bank of Scotland (HBOS)

·                Past, present and future

9:50 RECENT DEVELOPMENTS IN THE PPP FINANCING MARKET

Andrew Rose

Andrew Rose, Board Director, Partnerships UK

·               Debt

·               Equity

·               Government Perspective

·               Outlook

10:30 Morning Coffee

11:00 PUBLIC SECTOR ISSUES IN PFI/PPP FINANCING

David Finlay

David Finlay, Head of PFI Development, National Audit Office

·               Feedback from the most recent PAC hearing and report

·               Refinancing issues

·               Implications for public authorities from the secondary market

·               Financial information to assist public sector understanding

11:40 FUNDING COMPETITIONS – ST. LUKE’S HOSPITAL

Andrew Dumbleton

Andrew Dumbleton, Corporate Finance Partner, BDO Stoy Hayward

·               Overview of HMT Guidance "Preferred Bidder Debt Funding Competitions”

·               The pilot of a funding competition at the St Luke’s Project

·               Outcomes from this pilot to date including issues addressed and benefits of the approach

·               Lessons learnt to date in running Preferred Bidder Debt Funding Competitions

·               Fit with this Guidance and the Competitive Dialogue Procedure

12:20 Networking Lunch

13:50 SECURITISATION OF PPP DEBT

Darryl D'Souza

Darryl D'Souza, Director, DEPFA Bank

14:30 CASE STUDY – THE SWINDON HOSPITAL PROJECT

Paul David

Paul David, Director, Head of PPP/PFI, MBIA Assurance SA

·               Refinancing of PFI bank debt

·               Conduit financing structure

15:10 BOND FINANCING FOR PPP/PFI PROJECTS

Giacomo Montrasio

Giacomo Montrasio, Associate Director, UBS Investment Bank

·                Recent case studies

·                Key drivers – cost of financing, size of funds, flexibility

·                Why get a monoline ‘wrap’?

·                Types of bond

·                Risk management

·                Recent trends

15:50 Chairman’s Closing Remarks and Close of Day One

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Charles Yates

Charles Yates, Senior Manager, Grant Thornton

9:10 PPP FROM A GLOBAL PERSPECTIVE

Paul Woodbury

Paul Woodbury, Partner, Henderson Global Investors

·                An international equity funding perspective

·                Comparison with UK and rest of Europe

·                The developing market for secondary transactions – is this a global trend?

9:50 WHAT IS THE SECONDARY MARKET?

Robert Rees

Robert Rees, Partner, Secondary Market Infrastructure Fund

·                Progress of the market in 2005/6

·                How the secondary market is changing bidding tactics

·                How secondary is the market?

·                A new model for SPVs – the importance of asset management

·                Investment partnership

·                A new operational framework  - from fund to company

10:30 Morning Coffee

11:00 PPP IN THE NEW MEMBER STATES

Nicholas Jennett

Nicholas Jennett, Senior Loan Officer, European Investment Bank

·                Structural and cohesion funds in the 2007-13 period

·                Project preparation and the co-financing requirement

·                Why has PPP been so slow to develop?

·                Combining PPP and EU grants

·                Capacity building in the public sector

11:40 BUYING AND SELLING EQUITY

Robin Herzberg

Robin Herzberg, Managing Director, Carillion Private Finance

·               Barriers to disposal

·               Key criteria for selection of potential disposals

·               Protecting value

·               Due diligence

·               Downsides of a disposal

12:20 CASE STUDY: THE FINANCING STRUCTURE OF THE A1 MOTORWAY IN POLAND

Roman  Matkiwsky

Roman Matkiwsky, Executive Vice President, Central and Eastern Europe, Skanska Infrastructure Development

·                Relating the ownership and contract structure of the PPP -

·                The finance structure - how it varies in equity/financing from traditional projects

·                Explaining the aggressive debt structure and risk level

·                Cash flows - where are the returns realised?

·                How will groundbreaking deals like the A1 Motorway impact investor interest?

13:00 Chairman's Closing Remarks and Close of Conference followed by Networking Lunch

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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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