Public Courses Practical financial skills to get you desk ready Hong Kong, Singapore and Sydney Contents Why AMT Training 3 About us 3 Public courses 4 Financial Modeling 6 Building a Financial Model from Scratch 8 Valuation, Trading Comparables and DCF 10 Valuation – DCF, Trading Comparables and LBO 12 Credit Risk 14 M&A Modeling 18 M&A Accounting, Divestiture, Analysis and Modeling 20 LBO Modeling and Acquisition Financing 22 Why should you attend? 24 What you will receive on the course 25 What to bring 25 PUBLIC COURSES / 2 Why AMT Training? • over 70,000* finance professionals • our training is fast paced, information globally have trained with us intensive and hands on • our courses are delivered by past • we make number crunching, fun, lively and present bankers for future bankers and relevant to your work • we use practical application and real-life examples *Figures taken from 2012 to 2017 About us For over 20 years we have been equipping Aligned with business objectives analysts and associates with core skills for Working with your Learning and banking and finance. Our clients include the Development team, our client service top ten investment banks and some of the managers identify and define specific biggest private equity firms in the world. learning requirements, matching program CPD – whenever you need it content with your business objectives. We Throughout their careers, finance believe in building long-term relationships professionals need access to continuing based on full understanding of our professional development. We provide clients’ businesses, allowing us to deliver training to help financial professionals comprehensive, cost-effective learning develop their skills from their internship or programs for organizations of all sizes; new hire program, right through to board we offer complete consistency of service level one-on-one sessions. AMT is the whether delivering limited local interventions preferred training partner for the majority of or large scale international programs. the world’s leading financial organisations. Extensive personal support Our highly regarded in-class training, AMT’s global client service team manages online resources and support materials are training calendars, course logistics, venues, available whenever and wherever you need attendance, evaluation and invoicing. them – which explains our hard-earned Our client service managers provide reputation as the leader in our chosen field. individual support for delegates, guiding Global experts our clients through AMTO and answering AMT’s network of offices spans EMEA, their questions before, during and after APAC and the Americas. Our people have their programs. At a personal level, you can first-hand experience of investment banking expect the same long-term approach to and the diversity of our team reflects the understanding your needs and tailoring regions, sectors, subject areas, languages your learning accordingly. and cultures in which we work. Experienced client service managers, working out of our offices in London, New York and Hong Kong, provide local support for customers across the world’s largest financial centres. PUBLIC COURSES / 3 Public courses Our public courses enhance your technical knowledge and help build financial models with ease. You will learn Excel shortcuts - formulas, consistency and flexibility; as well as how to structure transactions and work through financing options with colleagues. You also pick up tips on how to deliver pitches confidently and in an orderly and logical manner. PUBLIC COURSES / 4 Hong Kong Core Skills Financial Modeling Building a Financial Model from Scratch Valuation, Trading Comparables and DCF Advanced Skills Credit Risk Singapore Core Skills Financial Modeling Building a Financial Model from Scratch Valuation, Trading Comparables and DCF Advanced Skills M&A Modeling M&A Accounting, Divestiture, Analysis and Modeling LBO Modeling and Acquisition Financing N.B. AMT Training reserves the right to cancel/postpone sessions or change content if registrations are insufficient to continue 2 weeks prior to the scheduled commencement date. Delegates will be given at least 5 business days’ notice of such changes. PUBLIC COURSES / 5 Sydney Core Skills Financial Modeling Valuation - DCF, Trading Comparables and LBO Advanced Skills M&A Modeling NEW Divestiture and M&A Modeling Issues NEW LBO Modeling PUBLIC COURSES / 6 The public course I attended proved extremely enriching,“ especially when discussing case studies, current affairs or other practical applications of the theory. Analyst, global investment firm PUBLIC COURSES / 7 Financial Modeling Location Hong Kong Singapore Sydney Level Core Skills Core Skills Core Skills No. of days 2 2 2 Time 9:00am – 5:00pm 9:00am – 5:00pm 9:00am – 5:00pm Price USD 1,190 USD 1,190 USD 1,190 Description Delegates will learn how to model and Delegates will learn how to build a three integrate the income statement, balance statement model using a detailed revenue sheet and cash flow of a fast food business forecast with price and volume drivers. A full using Excel. In addition to learning the debt schedule, including a cash sweep, is steps necessary to build a three statement incorporated into the model. In addition to financial model, delegates will also cover the main class case model, delegates are how to build models accurately and given exercises to help them understand efficiently through a series of best practice more complex modeling issues (for modeling rules. Delegates also learn how to example, detailed depreciation schedules stress test the assumptions used, to check and working capital items). Common errors their work efficiently and to document it. are covered from balancing a non-balancing Through the process of building a more balance sheet to debugging a model that is complex three statement model, delegates non-intentionally circular. are taught how to model operating cash Learning outcomes and calculate interest using average debt By the end of the course, delegates will be and average cash balances. The class able to: will address in detail how to work with intentional circular references. The issue • Build a fully integrated three statement of non-intentional circular references is financial forecast using industry best covered and delegates are taught modeling practice rules that are designed to help avoid • Understand how to model debt including them. The session is designed to expose flexible debt repayments delegates to different three statement • Understand key ratios and how these can modeling styles: multi-sheet, tower, and be affected by assumptions different income statement layouts. • Master shortcuts and forecasting Exposure to a mix of modeling styles will formulas in Excel help prepare them to work on in-house models or models they may inherit from other finance professionals. PUBLIC COURSES / 8 Program outline Day 1 Day 2 Financial Modeling Fundamentals Financial Modeling and Forecasting • Using keyboard shortcuts • Complex three statement models • Setting Excel up for maximum efficiency • Modeling a detailed revenue forecast • Working with key modeling formulas • Modeling a cash sweep and structures • Modeling a detailed debt schedule include • Building three statement projections a cash sweep • Modeling cash and revolver • Consolidating and re-applying knowledge • Addressing standards for good models of circularity, iteration, and a toggle switch • Constructing the income statement, • Building cash flow statements from scratch balance sheet and cash flow statement • Troubleshooting techniques for cash • Introduction to checking methodologies flow statements • Performing audit trails • Finding errors and integrity checking • Incorporating interest income and expense Integrity and Error Checking Three Statement Modeling • Troubleshooting techniques for cash • Modeling operating cash, excess cash flow statements and the revolver • Finding errors and integrity checking • Calculating interest on cash and • Using Excel tools to help with integrity debt balances checking • Working with intentional circular references • Finding unidentified hard numbers quickly • Avoiding non-intentional circular references and easily • Building models with different styles • Using Excel’s ‘jump tool’ to trace through and layouts formulas with ease • Calculating ratios • Using Excel to show the formulas underlying output • Using Excel to find inconsistencies in the model • Using Excel’s auditing tool to trace formulas For further information on dates or to enrol on to our courses, please visit amttraining.com, call +852 3905 3059 or email [email protected] PUBLIC COURSES / 9 Building a Financial Model from Scratch Location Hong Kong Singapore Level Core Skills Core Skills No. of days 1 1 Time 9:00am – 5:00pm 9:00am – 5:00pm Price USD 625 USD 625 Description Learning outcomes You start with a blank Excel worksheet and • Understand how to create a model learn an efficient way to input historical template in Excel including styles data from a pdf document. The financial • Learn how to efficiently input historicals statements of the case company are from pdf documents then analyzed, and the latest historical • Learn how to build forecast assumptions data is cleaned and prepared for the forecasting process. Ratios are calculated • Learn the best practices for stress testing and assumptions for each line item in formulas as you construct the model the financial statements are created. The full forecast model is then built. The forecasting