Project Finance Foundations Course

The Project Finance Foundations Course (the “Course”) introduces a new standard for cost effective, on-demand Project Finance training. Drawing on the experience of long term practitioners we have created an e-learning program that differentiates itself from other courses, by providing concise, concentrated and practical training right at the learner’s fingertips when it is most required i.e. right in the middle of a transaction. Learn which questions to ask, which numbers to look at, and which factors to consider. Discover how to look objectively at the risks and see a complex picture in a clear, orderly way.

Adult Learning Principles

The Course has been designed keeping in mind adult learning principles. Learning is enhanced by providing relevant information in progressively increasing levels of detail and in many different ways. The user can pace his/her progress through the course, skipping areas of existing competency and focussing on areas where there is most value add. Concepts can be reviewed as many times as required and are reinforced with quizzes and scenarios. The learner is asked to make decisions and receives instant feedback. All this, without having to leave the office and at less than half the cost of a traditional program. Over 7 modules, this course provides 30+ hours of learning content.

course overview

Introduction to Project Finance

Introduction to Project Finance

The objective of this module is to introduce the learner to the world of Project Finance and provide an understanding of the who, why, where, when and how of project finance transactions. This module is also suitable on a stand-alone basis for those seeking a broad overview of Project Finance. Read More...

Project Risks

Project Risks

The objective of this module is to provide the learner with a thorough understanding of Project Risks. Material is provided at two to three levels of detail, allowing the user to determine the depth of their understanding and learning. The logic behind the allocation of risk between the main project participants is also discussed.

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Financing Projects

Financing Projects

The objective of this module is to introduce the learner to various sources of Project Finance and the mechanics of raising finance from each of these sources. It also covers the fundamentals of debt sizing and structuring.

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Understanding Project Finance Models

Understanding Project Finance Models

The objective of this module is to provide the learner with a thorough understanding of Project Finance Models and how they are structured. Read More...

Revenue Agreements

Revenue Agreements

The objective of this module is to introduce the learner to the main clauses found in Revenue Agreements such as Power Purchase Agreements. The module also discusses the flow- on effects of these clauses to other contracts and the finance structure. Read More...

EPC, O&M, Input Supply Contracts

EPC, O&M, Input Supply Contracts

The objective of this module is to introduce the learner to the main clauses found in the EPC Contract, the O&M Contract and Input Supply Contracts. The module also discusses the flow-on effects to other contracts and the financing structure.

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Finance Documentation

Finance Documentation

This module introduces the learner to finance documentation typically used in Project Finance transactions. It also covers the typical terms found in each of the documents. Read More...

Mastering Project Finance Models

The Mastering Project Finance Models Course uses a “building block” approach to comprehensively demystify the supposed complexity of project finance models. Course participants are shown how all project finance models can be broken down into 10 core components. The logic flow required to build each of these core modules is thoroughly explained using multi-media interactive elements, video and step by step visual and written instructions. Excel features required  to build project finance models such as key excel functions and shortcuts are fully explained. The Course also examines the necessity of good model structure and layout and the elements of modelling best practice.

The Course takes the participant step by step through the process of building a project finance model. The model participants are required to build is fully scoped (see below) and comes with over 350+ pages of documentation. Customised spreadsheets are provided  for each Module to make the training efficient and effective.

The Course offers an exceptional level of one-on-one support. Unlimited tutorial support is provided via e-mail. Additional support in the form of one-on-one phone conferencing/screen sharing webinars is also offered on a ‘as required” basis. The Course is self-paced and available on demand.

course overview

Construction Costs

Construction Costs

Participants will learn how to build a Construction Costs Module that can model up to 14 different cost categories and allow for monthly cash requirements during construction to be accurately calculated. The module will be able to model both fixed and escalating costs as well as variable payment schedules.

Construction Funding

Construction Funding

Participants will build a Construction Funding module that incorporates two separate debt tranches and an equity amount. They will learn how to build in flexibility so that the order of drawdown can be easily changed between three options i.e. pro-rata drawdown, equity before debt and equity on completion. Participants will create a “Sources and Uses” table and learn how to manage key variables such that a targeted gearing is achieved at the end of construction. They will learn how to convert monthly to quarterly and annual cashflows.

Term Debt

Term Debt

Participants will build a Term Debt Module that incorporates two separate debt tranches with the ability to vary margins and hedging profiles period by period. They will learn to build in repayment schedules that can easily be changed from quarterly to semi-annual/annual repayments if required. Participants will also learn how to build in different repayment profiles i.e. a mortgage style, equal repayment or a sculpted profile.

Revenues

Revenues

Participants will build a Revenues Module that can incorporate multiple volume and tariff elements with different price paths and seasonality.

Operating Costs

Operating Costs

Participants will build an Operating Costs Module that can model fixed and variable costs and apply different escalation factors to each cost element.

Major Maintenance Expense

Major Maintenance Expense

Participants will build a Major Maintenance Module that will convert real cost projections to nominal cost projections and have the flexibility to vary the timing of the expense period by period. They will also learn how to model a Maintenance Reserve Account and apply different reserving profiles to calculate the deposits that need to be made to the reserve account.

Depreciation

Depreciation

Participants will build a depreciation module that will assign all project costs to 7 different cost categories. They will learn how to build in flexibility such that certain expenses can be expensed when incurred or capitalised and then depreciated/amortised. They will build simple switches that will allow them to change between declining value and straight line depreciation as well as change the applicable depreciation rates.

Working Capital

Working Capital

Participants will learn how to build a working capital module that projects working capital requirements over the term of the loan. The module will incorporate a working capital facility.

Tax

Tax

Participants will learn how to build a tax module that will be able to carry forward tax losses.

Project Cashflow

Project Cashflow

Participants will learn how to build a Cashflow Waterfall and calculate key debt and equity metrics such as DSCR, Average DSCR, LLCR, PLCR, Average Life, IRR, Payback Period etc.

Financial Statements

Financial Statements

Participants will build an Income Statement, a Balance Sheet and a Statement of Cashflow on a quarterly and annualised basis.

testimonials

The course is thorough, well presented, self-paced and is great value…..

Robin Miller,
Global Head of Debt Investments, Industry Funds Management

G+T is a subscriber to Four Quadrant Project Finance which is a highly valuable resource tool for our lawyers, and great value as well!

Nick Grambas
Partner at Gilbert +Tobin

The illustrative, case study and quiz-based approach to training provides a good foundation for developing an understanding of the key structuring, modelling and documentation aspects of project financings

Navodit Narain,
Division Director Macquarie Bank

Nord/LB is using the Project Finance Foundation as an introductory tool for our less experienced Project Finance colleagues..The tool is very well put together and provides the flexibility that we require to develop our people in a very busy environment.

Andy Robinson, Global Head of Project Finance Origination, Nord/LB

I found the Mastering Project Finance Models Course invaluable and would give it an overall rating of 9 out of 10.

Stephen Murefu, REESCO, South Africa

The building block approach made it really easy for me to build an otherwise quite complex model. The step by step instructions and detailed explanations of all the formulae are a great reference.

Garth Alvares, Consultant, Transport industry

The Project Finance Foundation Course is an excellent training tool that lawyers at every level will benefit from. It is well structured, comprehensive and engaging. We have made the course mandatory reading for our project finance associates and they love it.

Partner, Global Law Firm


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