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.

Modeling 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

historical

numbers and

projected

numbers/

assumptions.

Acquirer

output:

Income

statement,

balance sheet

and cash flow

Acquirer

DCF valuation

output

How the

LBO/MBO

would be

funded. How

much debt

needs to be

raised

Structuring the

Deal

Evaluating

Different

Options

Motivations &

Economics of

deal for

Debt/Hybrid/E

quity Investors

Sources of

Funds:

Financial

Sponsors

Management

Different Tiers

of debt

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

and capabilities

- How to design a model to suit your purpose

- Understand the different types of financial models

and when each should be applied

- Construct financial models making use of a broad

range of Excel methods and techniques

- Accurate forecasting corporate cash flows for project

finance deals and structures

- Incorporate elements such as risk, sensitivity,

optimisation and forecasting into financial models

- Produce meaningful management reports and charts

for communication

- How to identify and control key sensitivities through

advanced spreadsheet simulation

- How to design a model to maximise flexibility and

reliability

- Practical tips for checking and debugging the mode

Creating the first financial statement model in Excel to

begin with (with an exercise and hands on practical

session; focus on how to build a model right from the

scratch, linkages with excel spread sheets, assumptions,

use of past financial statements for the projections and

building forecasted financial statements)

Important issues for preparation and building of a financial

model

Excel Functions and commands to supercharge worksheets

(most of the participants may be aware about the

functions, yet just a quick revision and how these functions

are used in financial modelling)

Different ways of summing and counting: SUMIF;

SUMIFS; SUMPRODUCT; DSUM; DCOUNT;

DCOUNTA; COUNTBLANK; COUNTIF; DMAX;

DAVERAGE

IF (This Is True, Do This, Else Do This)

Lookup & reference: CHOOSE; OFFSET; INDEX;

MATCH; HLOOKUP; VLOOKUP

Data Analysis Toolpak

Important Excel Functions and commands for

modeling

Conditional Formating

Online collaboration

Auditing

Protecting the workbook

Sharing the workbook

Data Validation

Handling external data

Sorting

Filters

Subtotals

Pivot Tables

Statistical Data Analysis: trend analysis, regression,

moving average

Optimisation using

Goal Seek

Scenario Manager

Data Table: Row and Column input cell

Solver

PROGRAM FACULTY

An Investment Banking professional and has developed training modules to simplify financial modeling and

investment analysis for senior members of private sector banks in order to cope with change of job functions and

responsibilities. Also has trained members of large infrastructure companies to evaluate opportunities with

specific emphasis on developing financial models and information memoranda.

WHO SHOULD ATTENTD

Corporate Finance Professionals

Quantitative analysts

Investment Bankers

Risk professionals

Treasury managers

Controllers

Data analysts and economists

DAY ONE

DAY ONE (Cont.)

Scenario Building

Switches

Forms

Scenario building optimistic, base case and pessimistic assumptions

DAY TWO

Topics in Finance

Principles of financial modelling—Accuracy, Flexibility

& User-friendliness

Defining Model objective

Outlining model plan

Spread sheet maps

Flowchart and information flow

Layout and architecture of financial model

Setting up modules

Identifying inputs and variables

Defining deliverables and functionality

Cataloguing outputs

Stress testing Models

Model Documentation

Financial Statement modelling

Projection of Revenues, COGS, SG&A and other Income

Statement and Balance Sheet items

Select model drivers and assumptions

How to create an interlinked model for Income

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

Modelling term structure of WaCC

DCF valuation

Relative valuation (PE, EBITDA multiple)

Combining DCF and relative valuation models

Modelling for Leveraged Buy Out & Management Buy

Out

Sources of funds for acquisition

Modelling uses of funds

Modelling ESOPs and Earn-Outs

Partial and full dilution due to ESOPs

IRR calculation for financial sponsor on fully diluted

basis

Purchase Accounting Model

Model for Stock-for-Stock Deal

Model for Cash-for-Stock Deal

Modelling when M&A financed by issue of debt

Model illustrating Accounting for a partial Acquisition

Accretion Dilution Model

Deal Structure: Cash, Fixed-Value Stock Offer, Fixed-

Shares Stock Offer

Standard : Rs 14,000/- + 10.3% ST

(Register 7 days prior the workshop)

Early Bird: Rs 13,000/- + 10.3% ST

5th & 6th March, 2011 - New Delhi

19th & 20th February, 2011 - MumbaiFinancial Modeling With Excel

Booking terms and conditions

The registration fee for the event covers the

following : Attendance, copy of documenta-

tion, lunches and light refreshments. Accom-modation is not included. Detailed delegate

information will be sent to you approximately

two weeks before the event. Payment is required in advance of the event, or at the

latest, paid at the event. Payment may be

made by par cheque or demand draft if favour of “OPTIRISK LEARNING SYSTEM

(P) Ltd.” payable at Chennai.

exclusive jurisdiction of whose court the parties hereby agree to submit.

Confirm your CANCELLATION in writing up

to 15 working days before the event and

receive a refund less a 10% service charge. Regrettably, no refunds can be made for

cancellations received less than 15 working

days prior to the event. However, SUBSTITU-TIONS are welcome at any time.

The organizers reserve the right to amend the

programme if necessary.

INDEMNITY : Should for any reason outside the control of OptiRisk Learning Systems (P)

ltd (hereafter called OptiRisk), the venue or

the speakers change, or the event be can-celled due to industrial action, adverse

weather conditions, or an act of terrorism,

OptiRisk will endeavour to reschedule, but the client hereby indemnifies and holds

OptiRisk harmless from and against any and

all costs, damages and expenses, including attorneys fees, which are incurred by the

client. The construction validity and perform-

ance of this Agreement shall be governed by

all aspect by the laws of India to the

Registration form

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Fees

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