Port Finance & Investments Course

Introduction

Book now:
Online: www.portfinanceinternational.com
Email: timur@portfinanceinternational.com
Telephone: + 44 20 7017 3415

Click here to download the course brochure

Summary

This Ports Investment & PPP Course is brought to you by Port Finance International, one of the leading global port finance and investment information providers. The curriculum focuses on acquiring in-depth insight in financial analyses and financing structures used in the port sector.

Who is it for?
The Ports Investments & PPP Course is developed as tool for delegates on three levels:

• Corporate Level:
Managers and staff members of public and private bodies involved in port and terminal developments (both entry level and mid-management)

• Executive Level:
Executives (private) and policy makers (public) of ports in transition*

• Academic Level:
University Students, Academic Researchers

* Ports which are planning or involved in port institutional reforms, including concessioning and privatisation

We recommend early booking as class sizes are limited to a maximum of 25 participants.

Port Investments & PPP Course learning objectives

The objective of the course is to provide participants with a thorough understanding of how port and terminal investments are assessed from a PPP, financial and financing point of view.

Competence building
The course provides participants with the knowledge required for using the most relevant tools in in-depth port investment assessments:

• Port PPP development
• Business case analysis
• Transactions: Concession contracts and competitive contract awarding
• Project Ffnancing

Participants are provided with a step-by-step approach to prepare the most suitable Public Private Partnership structure, a Business Case, Concession Contract and a Financing Scheme.

Modules
The Port Finance Executive Training Curriculum consists of the following 6 modules:
1. Introduction to Ports and Port Finance
2. Port Finance Basics
3. Strategy: 4P / Port Public Private Partnerships (PPP)
4. Valuation: Financial Analysis Port Investments
5. Transaction: Concession Contracts and Procedures
6. Financing: Financing Port Projects

Where is it taking place?
STC-Netherlands Maritime University, Rotterdam

What will happen?
Each training day will run from 10am-5pm and all materials, refreshments, lunch and accommodation are included in the course fee.

There will also be a number of (optional) course activities throughout the three days, including welcome drinks on the first night and culminating in a course dinner on the final night. This will enable delegates to interact and share their own experiences and thoughts on what they have learnt with their peers.

Plenty of time will be set aside throughout the training programme to review the things you have learnt and reflect within the group. There are follow-through actions to continue your development and encourage post-course contact between delegates and course leaders.

For a full outline of the agenda - click the program tab above or click here to download the course brochure

We recommend early booking as class sizes are limited to a maximum of 25 participants.

Book now:
Online: www.portfinanceinternational.com
Email: timur@portfinanceinternational.com
Telephone: + 44 20 7017 3415

Partners

About the trainers

Maritime & Transport Business Solutions - MTBS

is an international finance and strategy advisory firm, offering entrepreneurial business solutions to clients in the maritime and transport sector. MTBS specializes in ports and terminals, and provides leading expertise in the areas of strategy, business case & feasibility, transactions and finance. The firm combines its market sector knowledge and state-of-the-art financial competences into one value proposition: “4P: innovative solutions for Port Public Private Partnerships”.

The firm’s approach is to specialize in the sector that it knows so well, rather than to provide generic services across all of industry and commerce. Because of this, MTBS has a natural and distinctive advantage over its competitors. The chief purpose of MTBS is to enable Clients to identify, implement and protect value-creating investment and divestment opportunities, and to achieve the quality profits that these undertakings offer. This specialization has made MTBS a global market leader in ports and terminals, including logistic centres, inland ports, free zones, export processing zones, inland waterways and related transport industry players.

For more information about MTBS please visit: www.mtbs.nl

Wouter van Nus is a consultant for MTBS, "Maritime & Transport Business Solutions", which focuses on strategy and financing issues in the maritime and transport sector. Wouter obtained a university degree in Business Administration at the Erasmus University of Rotterdam, The Netherlands. He wrote an award-winning master thesis on container terminal benchmarking in 2006, after which he joined the MTBS team. In 2008 he published an academic article on this subject in the International Journal of Operations & Production Management (IJOPM).

Jos van de Leur is Senior Port Expert for MTBS since September 2008 and has, following his twenty year experience at the Port of Rotterdam Authority, a strong focus on port management, port authorities and port finance.Jos Van de Leur obtained a university degree in Economics at the Erasmus University of Rotterdam, The Netherlands. At that same University he graduated as Certified Controller.

Jos obtained a university degree in Economics at the Erasmus University of Rotterdam, The Netherlands. At that same University he graduated as Certified Controller.

Jos van de Leur worked for the Port of Rotterdam Authority for a period of twenty years and - as head of the Corporate Finance & Control Department - joined the Corporate Management Team for seven years. Major jobs were the corporatization of the company, the feasibility studies regarding Maasvlakte 2 (a land reclamation project of 2.000 hectares) and the process concerning of the Dutch National State becoming a shareholder of the company. Just before he joined MTBS Jos Van de Leur produced several in depth studies on the competitive position of the major container ports in Western-Europe, the competitive position of the major coal ports in Western Europe, the German and Belgium seaports in comparison with Rotterdam and the management models and financial performance of the Port Authorities of the major ports in the Hamburg-Le Havre range.

STC-Group

is a worldwide strategic combination of well-established education, training, research, consultancy and implementation service providers for the entire shipping, port, and transport and logistics chain as well as for the port-related oil and chemical industry.
STC is familiar with all aspects of training in ports and harbour and the complete logistics chain. Furthermore, STC is closely involved in the daily routine of contemporary transport activities and also able to provide comprehensive planning solutions for future developments.

STC is renowned for its unique combination of education, training, research and consultancy dedicated to the port, shipping, transport and process industry. This combination of forces enables STC-Group to offer a multifaceted programme, ranging from education and training to consultancy services, research and technical assistance. In the European Union, STC is the market leader for all activities mentioned above; from administrative and operational level up to including managerial level. The activities are supported by a unique training centre with state-of-the-art, full-mission simulators and a port training centre and safety training centre.

Centres of Excellence are already operational in Brazil, Korea, Oman, South Africa, the Philippines, the Netherlands and Vietnam.

For more information about STC please visit www.stc-r.nl

Event Program

Course Outline
During the Port Investments & PPP Course relevant skills and techniques for analyses throughout the port investment cycle are covered. The course provides participants with the knowledge required for using the most relevant tools in in-depth port investment assessments:
• Port PPP Development
• Business Case Analysis
• Transactions: Concession Contracts and Competitive Contract Awarding
• Project Financing

Participants are provided with a step-by-step approach to prepare the most suitable Public Private Partnership structure, a Business Case, Concession Contract and a Financing Scheme. The perspective of the lenders and the sponsors shall be explained to obtain insight in items such as the provisions of debt financing/equity funding and the bankability of the project.

The course will provide participants with an overview of a full-cycle port investment assessment. Steps in this assessment are connected to the relevant stages of port investments: Strategy Formulation, Project Valuation, Transaction Documents/ Procedures and Investment Financing.

The positions of the relevant stakeholders in port- and terminal development are covered thoroughly, including Governments, Port Authorities, Terminal Operators, Shipping Lines, Equity Investors and Banks.

Modules
The Port Finance Executive Training Curriculum consists of the following 6 modules:
1. Introduction to Ports and Port Finance
2. Port Finance Basics
3. Strategy: 4P / Port Public Private Partnerships (PPP)
4. Valuation: Financial Analysis Port Investments
5. Transaction: Concession Contracts and Procedures
6. Financing: Financing Port Projects

Course Contents

Module 1 - Introduction to Ports and Port Finance
• Introduction teacher / students / course / case
• Parties & roles within a port
• Port facts and trends:
• General challenges for international ports

Module 2 - Port Finance Basics
• Objectives Port Authority: financials versus economics
• What does a port cost? Main port assets: capex
• Profit & Loss: Income and Expenses
• Balance Sheet: “So, where does the money come from?”
• Port financial structure

Module 3 - Strategy: 4P / Port Public Private Partnerships (PPP)
• Concept of value creation
• Strategic models - Porter’s 5 forces
• Contract forms between Port Authorities and Terminal Operators
• Port PPP: considerations / practice / lessons learnt

Module 4 - Valuation: Financial Analysis Port Investments
• NPV / IRR / WACC
• Overview cash flows Ports / Port Authorities / Terminal Operators
• Business Case analyses
• Value creation

Module 5 - Transaction: Concession Contracts and Procedures
• Project risks
• Contract parties
• Concession contracts
• Transaction processes

Module 6 - Financing: Financing Port Projects
• Corporate Finance & Project Finance
• Equity: Sponsors and Operators
• Debt: Banks & IFI’s
• Grants & Soft Loans

Case study: Participants prepare case studies throughout the course and present the results to the group

Materials
Participants will be provided with the following curriculum materials:
Course planning
Case studies
Handouts for all the modules
Additional reading

Day 1 - 30 January 2012:
10:00 – 13:00: Module 1: Introduction, Port Finance Basics & Market Trends
14:00 – 17:00: Module 2: Port Strategy: Value Creation / Port Authorities / Terminal Operators / Public-Private Partnerships

Day 2 - 1 February 2012:
10:00 – 13:00: Module 3: Port Valuation: Value Creation / Business Case Analyses / IRR & WACC
14:00 – 17:00: Module 4: Group Interaction: Public/Private Contract Negotiations: Defend Your Position / DYP

Day 3 - 2 February 2012:
10:00 – 13:00: Module 5: Port Transaction: Concession Contracts / Transaction Processes
14:00 – 17:00: Module 6: Port Financing: Corporate Finance & Project Finance / Equity & Debt