Project Finance Modelling

Project Finance Modelling Course

Advanced financial modelling taught using best practice principles

Our Project Finance Modelling course will teach you how to build a financial model to evaluate equity returns and secure non-recourse debt (known as project finance). On completing the course, you will have built a fully-functional financial model covering the period from the beginning of construction through to the end of the project’s operating period.

After attending the course you will receive access to the online version of the course to help you implement what you learned in the classroom. Online access and post-course support is ongoing.

Our public courses are run in London and Dubai. The course is also available live online.

Book and pay online for your place below, or contact us to request an invoice.

What you will learn?

We will apply general business and non-recourse finance theory to build a cash flow forecast appropriate for the financing of greenfield projects and special purpose vehicles (“SPVs”). You will build a model that evaluates equity returns and may be used to negotiate and secure non-recourse debt through a process of model optimisation.

On completing the course, you will have built for yourself a fully-functional financial model covering the period from the beginning of construction through to the end of the project’s operating period.

Who should attend?

Our Project Finance Modelling training is designed for professionals who need to build, modify and understand financial models associated with project finance and other infrastructure-related transactions (including PPP/PFI projects).

The course is designed for analysts and managers with some modelling experience who have responsibility within their organisations for developing or maintaining project finance models. Many of our participants benefit from completing our Best Practice Financial Modelling course (either online or in the classroom) in preparation for this more advanced financial modelling course.

If you would like to do the course online, you can find an online-specific brochure and details here.

Book your course

Change currency
Date
Format
Location
Duration
Instructor
Price
13 & 14 Feb
Classroom Based
London
2 days
John Dimberline
$2,326
26 & 27 Feb
Classroom Based
Dubai
2 days
Omar Shaker
$2,326
17, 18 & 19 Mar
Live Online
Europe/Gulf timezone
12 hours
John Dimberline
$1,952
14 & 15 May
Classroom Based
Istanbul
2 days
John Dimberline
$2,326
Any
Video Based
online
25 hours
Andrew Berkley
$728
As requested
In House
As requested
As requested
Any
$ - Variable
ENQUIRE
  • 13 & 14 Feb
    $2,326
    Location
    London
    Instructor
    John Dimberline
    Duration
    2 days
    Format
    Classroom Based
  • 26 & 27 Feb
    $2,326
    Location
    Dubai
    Instructor
    Omar Shaker
    Duration
    2 days
    Format
    Classroom Based
  • 17, 18 & 19 Mar
    $1,952
    Location
    Europe/Gulf timezone
    Instructor
    John Dimberline
    Duration
    12 hours
    Format
    Live Online
  • 14 & 15 May
    $2,326
    Location
    Istanbul
    Instructor
    John Dimberline
    Duration
    2 days
    Format
    Classroom Based
  • Any
    $728
    Location
    online
    Instructor
    Andrew Berkley
    Duration
    25 hours
    Format
    Video Based
  • As requested
    Price $ - Variable
    Location
    As requested
    Instructor
    Any
    Duration
    As requested
    Format
    In House
    ENQUIRE

Course topics

Model design Drawdown phase
  • Construction period expenditure
  • Sources and uses of funds
  • Drawdown of senior debt and equity
Senior debt interest and fees during construction
  • Arrangement fee, commitment fee and interest
  • Applying day conventions to interest
  • Understanding model periods and debt balances
Drawdown phase circularity
  • Concept of drawdown phase circularity
  • Creating the circularity and solving manually
  • Creating a macro to solve the circularity
Transition from drawdown phase to repayment phase Repayment phase: senior debt
  • Simple principal payment & interest
  • Debt Service Cover Ratio
  • Sculpted debt repayments to achieve a target DSCR
  • Loan Life Cover Ratio
  • Debt Service Reserve Account
Repayment phase: equity
  • Dividends
  • Shareholder returns
Financial statements
  • Integration of the financial statements
  • Using double entry to balance the balance sheet
Model optimisation
  • Assessing optimisation using a Track sheet
  • Optimisation for gearing / leverage
  • Optimisation for DSCR
  • Impact of changes to tenor
Refining the funding solution
  • Assessing the impact of adding a shareholder loan
Running post-close sensitivities
  • Fixing the repayment profile
  • Running and rationalising sensitivities
Find out more:
Project Finance Modelling brochure cover
DOWNLOAD COURSE BROCHURE

Our clients

Asset Alliance Group logo
Energia logo
Drax logo
I use my new found skills on a daily basis and can’t speak highly enough of the course and what it has given myself and my colleague. It has changed how we do all of our modelling in the company and has received really positive feedback from everyone that has used the model or reviewed the model.
Sally Brierley, Financial Modeller, FCC Environment
We were stunned at the difference that a standardised approach made. Our new Excel models can provide information that just isn’t accessible through an ERP.
Philip Whittingham COO (and former FD), Virgin Trains
The course was great. I learned so much and really enjoyed it. I’m looking forward to using it in my own work. I would be very happy to recommend the course.
Eric Eastlund, Head of Analytics, SCIO Capital
From start to finish the team were very professional and demonstrated considerable experience in what they were doing. The end result is an exceptionally powerful tool, which is straightforward to use, and now forms the backbone to our forecasting process. I would have no hesitation in recommending F1F9.
Douglas McArthur, CA Group FD, Asset Alliance
[The instructor] was enthusiastic about the material and the course itself which created good engagement in class. I particularly liked the fact that we were consistently taking part in the course, rather than being "taught" we were facilitated.
Andrew Dias, Finance Business Partner, Stansted Airport
The Enterprise model is great value for money. We compared it to the other standard reporting systems available such as Sage and Oracle but the F1F9 solution was much cheaper and also gave us the flexibility to change the way we report our business as it grows and develops. It has halved the time our month end reporting process takes. We started out wanting a model for budgeting purposes only but when we saw what the model could do we decided to use it for actuals reporting as well as our rolling forecasts.
Charles Carolan, Senior Financial Analyst, Skrill
[The instructor] was absolutely excellent. Everything was extremely clear, the pace of the class was spot on. I thought I would come away being slightly better at reading models but actually now I would feel completely confident starting my own.
Emma Paterson,  SSE/ Beatrice Offshore Windfarm Limited 
The team at F1F9 were responsive, hardworking and helped us upgrade our model to be fit for purpose post acquisition. F1F9 took the time to understand our needs early in the process, met deadlines and were professional in their approach.
Investment Manager, UK Private Equity House
Thanks for the excellent academy which has so boosted my own modest modeling skills. F1F9's strong customer service culture is a big help.
Geoffrey Finch, Resident Adviser for Infrastructure Finance for the US Treasury Office of Technical Assistance - Government of Paraguay, Ministry of Finance
I particularly liked the setup of the online training, and the portions provided in each section. The ability to go back and review and exercise with the models after each training and even after a few training provided an excellent opportunity to really 'learn' the skills. The setup allowed for my own pace of learning and the time I was able to dedicate besides work to complete the training. I highly recommended the training to colleagues.
Hartmut Weissmann
Very useful tips and tricks, certainly helped me a lot in understanding and 'simplifying' the enormous models. Thank you very much!
Julie de Bock, Senior Advisory / Corporate Finance, BDO

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Course reviews

Why choose the Project Finance Modelling Course from F1F9?

Our project finance modelling course is designed to allow you to build your own project finance models and also to effectively operate and solve project finance models. The course is taught by trainers who have vast practical experience in delivering project finance transactions.  The principles of project finance will be explained to you alongside building the elements of the financial model they relate to.  Our curriculum focuses on the fundamentals of the draw-down and repayment phases first, before moving onto model optimization and more advanced project finance modelling topics.

We have been delivering our project finance modelling course for more than ten years to leading banks, investors and advisers, with many embedding our approach in their in-house financial models.

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