SMi Group's Introduction to Project Finance Masterclass in association with Simmons & Simmons in London this December.

1. SMi present their 2013 Masterclass on...
IntroductiontoProject
Finance
3rdDecember2013,CentralLondon
MC339
www.smi-online.co.uk/2013projectfinance.asp
Register online and receive full information on all of SMi’s conferences
Alternatively fax your registration to +44 (0) 870 9090 712 or call +44 (0) 870 9090 711
GROUP DISCOUNTS AVAILABLE
Our Masterclasses are all CPD accredited, offering you measurable
value as part of your continued professional development
Overview
Delegates can expect to come away with a thorough grounding in the principles of project finance and PPP
structures and how to ensure they are financeable.
Reference will be made throughout to relevant structures in the energy and infrastructure markets with
particular reference to the delegates’ areas of interest. Delegates will be encouraged to indicate in advance
what issues they wish to have explored in the masterclass.
Why you should attend
Treasurers, in-house lawyers, bankers, fund managers, insurance and technical advisers, accountants,
consultants, private equity and infrastructure fund professionals engaged in any aspect of funding or
managing energy and infrastructure assets, civil servants, policy makers and politicians engaged in
designing policy for investment in and renewal of national infrastructure and energy assets will benefit from
this intensive full day masterclass..
Masterclass leaders:
Andrew Petry, Partner, Energy & Infrastructure, Finance,
Simmons & Simmons LLP
Adam Cooper, Partner, Energy & Infrastucture,
Simmons & Simmons LLP
In association with

2. 08.30 Registration and coffee
09.00 Opening remarks & introduction
• Introduction to the general concepts and drivers of
project finance
• The attendees will be asked to introduce
themselves and their interest in Project Finance
explain what they hope to learn from the day’s
training.
09.10 What is project finance and who are the parties?
• Essential characteristics of project finance
• What makes project finance different from other
corporate finance alternatives?
• Why a project’s contracts are so important
10.00 Who are the players and why do they project
finance?
• What are the:
i. Government objectives
ii. Sponsor objectives
iii. Lender objectives
• How do the competing interests of the parties who
engage in Project Finance fit into the overall
structure?
10.45 Morning coffee
11.00 The universe of lenders and the finance plan
This session will include discussion of the wide range
of financing alternatives, including project bond,
securitisation, debt fund structures, international
bank, local bank, export credit agency, multilateral
credit institution, Islamic bank, vendor finance, asset
finance, mezzanine finance and look at ways in which
they can be combined to create the best funding
solution.
12.00 Introduction to assessing bankability
• Principles of project risk identification, mitigation
and allocation
• Key project finance / bankability fundamentals
13.00 Networking lunch
14.00 Project accounts
This session will discuss the ways that controlled
project accounts can be used in project finance and
will include explanation of cashflow waterfalls, debt
service reserve accounts, offshoring, maintenance
reserve accounts and insurance issues.
15.00 Financial covenants
This session will discuss how the future financial
health of projects can be analysed, explain how to
calculate loan life, project life and debt service cover
ratios and discuss how they can be used in project
finance loan agreements.
15.45 Afternoon tea
16.15 Direct agreements
This session will cover direct agreements between
lenders and a project’s key commercial
counterparties, and the nature and extent of the
covenants that they typically contain.
17.00 Final Q&A
Adam and Andrew will encourage active participation
throughout the day and encourage participants to
tender questions in advance or on the day which can
be answered throughout the sessions.
FULL DAY PROGRAMME
IntroductiontoProjectFinance
www.smi-online.co.uk/2013projectfinance.asp
Register online and receive full information on all of SMi’s conferences
Alternatively fax your registration to +44 (0) 870 9090 712 or call +44 (0) 870 9090 711
GROUP DISCOUNTS AVAILABLE

3. Introduction to Project Finance
About your masterclass leader:
Andrew Petry and Adam Cooper are partners in Simmons & Simmons’ Energy & Infrastructure Group
specialising in project finance in the energy, infrastructure and transport sectors.
Andrew has a strong track record advising on alternative sources of debt funding on a wide range of PPP
transactions. He is currently advising on a prison PPP financing in Belgium and a number of
accommodation and road PPPs in Continental Europe. He also has a number of current renewables
projects, he advises Royal Vopak and their co-sponsors on their LNG terminal financings and the
Sponsors on the Nabucco West gas pipeline.
Adam has worked on a number of market-leading transactions in recent years, including Egyptian LNG,
the TCO Expansion Project in Kazakhstan and the Taweelah A2 and Shuweihat S1 IWPPs in Abu Dhabi
and also the Nabucco West gas pipeline.
About Simmons and Simmons:
Simmons & Simmons is a leading international law firm with a key focus on the Energy & Infrastructure
sector. Our lawyers’ experience of major transactions helps them to be industry specialists who
understand the international business environment in which our clients operate.
The firm’s Energy & Infrastructure Group is located throughout the firm's global network and has nearly
100 legal staff and 30 partners. The group advises project developers, lenders and governments on the
acquisition, development and financing of major energy, transport and infrastructure projects.
www.simmons-simmons.com
www.smi-online.co.uk/2013projectfinance.asp
Register online and receive full information on all of SMi’s conferences
Alternatively fax your registration to +44 (0) 870 9090 712 or call +44 (0) 870 9090 711
GROUP DISCOUNTS AVAILABLE

4. If you have NOT received registration confirmation within 48 hours of registering, please call +44 (0) 870 9090 711
INTRODUCTION TO PROJECT FINANCE
Tuesday 3rd December 2013, Central London
4 WAYS TO REGISTER
POST your booking form to: Events Team, SMi Group Ltd, 2nd Floor
South, Harling House, 47-51 Great Suffolk Street, London, SE1 0BS, UK
ww.smi-online.co.uk/2013projectfinance.asp
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