Modelling for Debt Restructuring

Transcription

1 Modelling for Debt Restructuring The application of financial theory to Excel This course can be presented in-house either on your premises or via live webinar for a group of 5 or more participants Trusted By: The Banking and Corporate Finance Training Specialist

2 What Makes This Course Different Learn how to set out a debt model Learn how to build in flexibility Understand the steps for restructuring debt Know how to incorporate bank covenants Course Objectives Course Overview Up-to date spreadsheet best practice How to build a flexible model Excel Forecasting techniques Financial analysis of distressed companies Mechanics of restructuring debt Adding management reporting Course Content Day One Case Study Outline Debt analysis framework Reasons for financial distress Current data available Case study outline Debt model objectives Systematic Design Method Basics of spreadsheet design Modelling rules Common spreadsheet errors Exercise: starting a model template Historic Statements Modelling initial accounts Income and balance sheet Generating a cash flow statement Exercise: adding and checking accounting statements Historic Analysis Identifying existing debt Calculating forward debt repayments and current balance Calculating debt and other ratios Bankruptcy ratios and scores Exercise: adding loan sheets and calculating ratios Forecast Accounts Forecasting accounts Using time lines and flags Sales growth Cost base CAPEX requirements

3 Working capital stock, receivables, payables Integrity checks Dealing with circular references Exercise: completing initial forecast statements Day Two New Loans Excel financial functions and maths refresher Calculating new loans Rate, profile and timing Amortisation profiles Incorporating scenarios Exercise: calculating new loans and repayment profiles Completing Forecast Accounts Incorporating new loans Balancing the accounts Checking on requirements for further capital Recalculating forward ratios Computing forward default scores Integrity checks on results Exercise: adding loans to forecast statements and checking cash position Model Stress Testing Constructing forward scenarios What-if and downside analysis Optimising the model results Assessing the importance of individual factors Exercise: layering stress testing on the initial model Model Completion Version control User documentation Chart output Dynamic dashboards Management summaries Exercise: model completion and final checks Background of the Trainer Your course director is a finance professional with experience of business systems, funding and treasury activities, leasing and financial modelling. He has in recent years delivered many seminars on modelling all over the world with excellent feedback. His early career was spent at the NFC on a graduate training course at Aston University and he then spent three years organising vehicle funding and administration. Your trainer has a degree in German and Economics from London University and an MBA from the Open University Business School. He held positions an associate lecturer at the Open University Business School and University of Surrey on the MBA corporate finance programmes and has acted as a tutor for the Chartered Institute of Bankers, and chief examiner for the leasing credit course.

4 Course Summary This two-day workshop explores: Spreadsheet best practice Building a flexible model in stages Forecasts and financial analysis Restructuring debt Adding management reporting The programme is taught using a mixture of instruction, demonstrations and practical exercises. The workshop emphasis concentrates on the application of financial theory to Excel to produce a flexible and informative model. Each session consists of theory, demonstrations and a practical exercise as participants develop the model in stages. The template for each session acts shows the solution to the previous session. Comprehensive product notes will be provided to all participants. Participants receive a full pack of Excel software and templates for future reference as part of the course materials. What participants will gain: Principles of spreadsheet best practice Application of best practice principles to a restructuring model How to understand the financial reports Methods to forecast and restructure debt How to report and use the model Each participant will be required to bring a laptop with an available USB running Microsoft Office to the seminar.

5 Tailored Learning All of our training courses can be tailored to suit your company s exact training needs. We will work closely with you to help develop a training programme with content that is unique for your organisation. Please us on enquiries@redcliffetraining.co.uk for more information E-Learning This course can also be presented as a bespoke e-learning programme created by you to fit your exact requirements. enquiries@redcliffetraining.co.uk +44 (0)