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Marketing Partner

PROGRAM OBJECTIVE
MS Excel ® is today unarguably the most commonly used spreadsheet utility globally to do finance. In spite of
this, according to various surveys on Excel usage, a rather miniscule percentage of Excel Users use it to its full
potential. The focus of the course is to help the participants learn the tools and capabilities of this spreadsheet
application to perform from the simplest to the most complicated and elaborate financial analysis.

Modelling for Corporate Finance Transaction


 Case Outline and the process participants will go through in solving the case and structuring an LBO/MBO
transaction

Acquirer input Acquirer Acquirer


historical output: DCF valuation
numbers and Income output
projected statement,
numbers/ balance sheet
assumptions. and cash flow

How the
Sources of
LBO/MBO
Funds:
would be
Financial funded. How
Sponsors much debt
needs to be
Management raised

Different Tiers
of debt

Structuring the Motivations &


Deal Economics of
deal for
Evaluating Debt/Hybrid/E
Different quity Investors
Options
The good thing about an over-engineered software like Excel is that it very well equiped to perform the most
sophisticated and detailed financial analysis. The downside to this is that financial analysis workbooks are
becoming increasingly bulky and unstructured. Many a times, they develop into unweildy, clumsy and difficult
to manage models, with the user having no clue as to what’s going in the spreadsheet and if the results are
accurate in the first place. Therefore, structuring good financial models is as much an art as a science.

The important aspects this workshop focuses on is to apply the tools effectively while constructing financial
models, caring for scalability, making them flexibile, structuring in such a way that auditing the model results is
not cumbersome. These essential attributes make financial models accurate, flexible and user-friendly. The
workshop would use a ‘learning by doing’ approach, because that’s how the science and art of financial
modeling is learnt.

Results:
We expect that the participants attending the course will be able to learn significant financial modeling
capabilities using Excel that would be pertinent for corporate finance, financial analysis, risk management,
transaction structuring like modeling for M&A, etc. The level of the course is Intermediate to advanced.

KEY BENEFITS
- Master the use of Excel’s financial modelling tools - Incorporate elements such as risk, sensitivity,
and capabilities optimisation and forecasting into financial models
- How to design a model to suit your purpose - Produce meaningful management reports and charts
- Understand the different types of financial models for communication
and when each should be applied - How to identify and control key sensitivities through
- Construct financial models making use of a broad advanced spreadsheet simulation
range of Excel methods and techniques - How to design a model to maximise flexibility and
- Accurate forecasting corporate cash flows for project reliability
finance deals and structures - Practical tips for checking and debugging the mode
PROGRAM FACULTY
Our faculty is an experienced Investment Banker and a guest faculty in finance in IIMs, who specializes in Fixed
Income, Foreign Exchange and Credit Derivative products. He has conducted training programs for banks and
corporates in India, Singapore, Hong Kong, Middle East, and South Africa on topics such as Credit Derivatives,
Fx Derivatives, FI Derivatives, ALM, M&A, Financial Modeling for LBOs, Debt Capital Markets, Basel II and Risk
Management.

WHO SHOULD ATTENTD


 Corporate Finance Professionals
 Quantitative analysts
 Investment Bankers
 Risk professionals
 Treasury managers
 Controllers
 Data analysts and economists

DAY ONE

Creating the first financial statement model in Excel to  Data Analysis Toolpak
begin with (with an exercise and hands on practical  Important Excel Functions and commands for
session; focus on how to build a model right from the modeling
scratch, linkages with excel spread sheets, assumptions,  Conditional Formating
use of past financial statements for the projections and  Online collaboration
building forecasted financial statements)  Auditing
 Protecting the workbook
Important issues for preparation and building of a financial  Sharing the workbook
model  Data Validation
 Handling external data
Excel Functions and commands to supercharge worksheets  Sorting
(most of the participants may be aware about the  Filters
functions, yet just a quick revision and how these functions  Subtotals
are used in financial modelling)  Pivot Tables
 Different ways of summing and counting: SUMIF;
SUMIFS; SUMPRODUCT; DSUM; DCOUNT;  Statistical Data Analysis: trend analysis, regression,
DCOUNTA; COUNTBLANK; COUNTIF; DMAX; moving average
DAVERAGE  Optimisation using
 IF (This Is True, Do This, Else Do This)  Goal Seek
 Lookup & reference: CHOOSE; OFFSET; INDEX;  Scenario Manager
MATCH; HLOOKUP; VLOOKUP  Data Table: Row and Column input cell
 Solver
DAY ONE (Cont.)
 Scenario Building
 Switches
 Forms
 Scenario building optimistic, base case and pessimistic assumptions

DAY TWO

Topics in Finance  Modelling term structure of WaCC


 DCF valuation
 Principles of financial modelling—Accuracy, Flexibility
 Relative valuation (PE, EBITDA multiple)
& User-friendliness
 Combining DCF and relative valuation models
 Defining Model objective
 Modelling for Leveraged Buy Out & Management Buy
 Outlining model plan
Out
 Spread sheet maps
 Sources of funds for acquisition
 Flowchart and information flow
 Modelling uses of funds
 Layout and architecture of financial model
 Modelling ESOPs and Earn-Outs
 Setting up modules
 Partial and full dilution due to ESOPs
 Identifying inputs and variables
 IRR calculation for financial sponsor on fully diluted
 Defining deliverables and functionality
basis
 Cataloguing outputs
 Purchase Accounting Model
 Stress testing Models
 Model for Stock-for-Stock Deal
 Model Documentation  Model for Cash-for-Stock Deal
 Financial Statement modelling
 Modelling when M&A financed by issue of debt
 Projection of Revenues, COGS, SG&A and other Income
 Model illustrating Accounting for a partial Acquisition
Statement and Balance Sheet items
 Accretion Dilution Model
 Select model drivers and assumptions
 Deal Structure: Cash, Fixed-Value Stock Offer, Fixed-
 How to create an interlinked model for Income Shares Stock Offer
Statement and Balance Sheet
 How circularity improves accuracy but also destabilizes
the model
 Building a fully integrated Cash Flow Statement
 Modelling need for financing in future time
 Analysing the output and cross-checking with surplus
funds and necessary to finance
 Models for Debt repayment with prepayment option
 Modelling Amortizing & Accreting Loans
 Modelling Pay In Kind (PIK) securities
 Model for computing Beta
 Modelling un-levering and re-levering of betas
 Modelling term structure of Beta
 Model for WaCC with various debt-equity choices
Registration form

Yes, please register me for : Fees

Financial Modeling With Excel 8th & 9th December, 2010 - New Delhi Rs 13,000/
15th & 16th December, 2010 - Mumbai

*(Service Tax Applicable)

1.Email 2.Telephone 3.Fill this and post


sales@optiriskindia.com +91 9094532918 OptiRisk Learning Systems (P) Ltd.
+91 44-45018472 L468, Ground Floor, 21st Cross
Street, Thiruvalluvar Nagar,
Thiruvanmiyur,
Chennai - 600041

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