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Pre conference Masterclass A: Tuesday, 7 October 2008
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10.00 | Structuring your projects for bankability and financing
Out of all the various options to raise capital, project financing is perhaps the most common. Especially designed for infrastructure owners, this masterclass will give in-depth learning on how projects should be structured and set-up in a way that debt-providing banks are willing to take on and accept the risk to lend to such a project.
- Assessing various PPP structures, merits and challenges fit for Asia
- Identifying key bankability factors
- Establishing critical relationships that impact bankability
- Designing a good framework that project financiers can easily understand
- Managing and allocating political, social, technological, operational and financial risks efficiently
- Identifying and overcoming risks and mitigating factors
- Reviewing a well structured, flexible contract and identifying market benchmarks
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Pre conference Masterclass B: Tuesday, 7 October 2008
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10.00 | Structuring India infrastructure funds & co–investment transactions: A practical guide to legal, tax and regulatory issues
This masterclass offers you the most comprehensive and enlightening guide to the legal, tax and regulatory issues relating to structuring infrastructure funds and co-investment transactions. A must-attend for investment banks, fund managers, private equity firms, real estate investors and hedge funds evaluating the prospect for new business through infrastructure investments.
- Learn how to optimize your tax treatment in India infrastructure funds and co-investment transactions
- Relating the implications of terms and conditions on your India infrastructure fund
- Explaining how terms and conditions will vary for co-investment arrangements
- Examining the structure of the transaction
- Exploring varying structure for co-investment transactions
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Day One: Wednesday, 8 October 2008
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08.30 | Registration
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09.00 | Chairperson’s opening remarks:
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| IDENTIFYING BANKABLE INFRASTRUCTURE PROJECTS AND UPDATES ON THE GOVERNMENT’S PRIVATISATION MOVEMENTS |
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09.15 | Keynote: Understanding India’s huge demand for infrastructure and the prospective returns investors can gain from investing in them
- Identifying priority infrastructure projects and evaluatinf their costs in the nest 3 - 5 years
- Government steps taken to protect and enhance private sector participation in infrastructure developments in the country
- Potential returns investors can gain from Indian Infrastructure
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09.45 | Regulators panel: Understanding India’s tax and other incentives to encourage foreign investments in infrastructure
- Updates on the status of privatization of infrastructure assets
- What the opportunities are for cross border listing
- What are the boundaries set for infrastructure owners’ capital raising activities?
- How much can foreign investors own? Is there a cap?
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10.30 | Q&A with session speakers
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10.45 | Morning refreshments
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| ESTABLISHING EFFICIENT INFRASTRUCTURE INVESTMENT STRUCTURES AND PARTNERSHIPS: A CLOSER LOOK AT PPP MODELS |
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11.15 | Understanding the finer details of Public Private Partnership – a driver of infrastructure investment in India
- Understanding the laws that encourage EPC companies into PPP projects
- What is the required structural framework for private sector to consider taking over the projects in behalf of the government?
- Threshing out legal and contractual issues in public private partnerships
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11.45 | Maximising benefits and managing risks: the role of insurance in PPP projects
- Understanding the range of risks PPP projects can have
- Knowing the extent of coverage insurances can cover and the types of solutions they offer to PPP
- Looking at bank debt, bonds, equity, mezzanine financing and subordinated debts in financing PPP projects: term, interest rate/ROR and restrictions
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12.15 | Reducing investment risk by defining exit points: Evaluating the various options for operators
- Understanding the various exit options possible: BOT, BOO, Design-Build-Operate-Finance, Rehabilitate-Operate-Transfer, Maintain and Operate
- What are the bottlenecks currently experienced in these various options?
- Matching situations and circumstances of a project with the most ideal exit option: which exit option is ideal for a certain type of project and its circumstance?
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12.45 | Networking lunch
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| EVALUATING DIFFERENT CAPITAL RAISING OPTIONS |
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13.45 | Assessing the capital markets: Options for Indian infrastructure asset players
- Exploring the various capital raising structures for the Indian infrastructure market
- Old and new sources of funds: Bank, hedge funds, institutional investors, infrastructure funds and more
- Making the most of liquidity: Choosing between local vs foreign financing, debt vs equity financing
- Best practices and innovative tools
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| | Mr Nicolas Vix, Head of Project & Structured Finance, Calyon, Hong Kong
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14.15 | Understanding investor appetite in infrastructure stocks: How effective it is in raising capital through the stock market
- Successful equity listing strategies
- Understanding Asian investor appetite for infrastructure stocks: retail investors, fund managers and institutional investors
- Listing options: what should be your consideration in identifying the listing location
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| | Mr BVJK Sharma, Joint Managing Director & Chief Executive Officer, JSW Infrastructure & Logistics, India
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14.45 | Speed Networking
Much like speed-dating, through a rotating cocktail table format, you will get the opportunity to meet all your fellow attendees face to face in just 30 minutes. Bring plenty of business cards along for a fast and furious interactive session.
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15.15 | Afternoon refreshments
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| DEBT RAISING OPTIONS |
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15.45 | How infrastructure owners can vie for funding from Islamic funds
- Understanding the criteria to raise capital through Islamic funds; what are the rules and requirements
- What is Islamic funds’ and Islamic investments’ perspective on infrastructure as an emerging asset class
- What is its perspective on Asia in particular?
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16.15 | Issuance of bonds backed by revenue-producing toll facilities
- Understanding why securitization and not other capital raising options are used
- What are the program’s challenges and opportunities?
- Knowing the future prospects for toll road securitization
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16.45 | Raising $ in a volatile debt market: breadcrumb trail navigation
- Updates on the status of the volatile debt market
- Examining debt fund options that can adapt to changing scenarios, offer market-linked returns or protect capital
- What are the key strategies to being successful in volatile markets?
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17.15 | Chairperson’s closing remarks
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18.30 | Investors’ Night Cocktail
 A special evening in a relaxed setting complimentary for sovereign wealth funds, pension funds, insurance firms, private banks, securities houses and other representatives of high net-worth individuals – dine and wine while rubbing elbows with the who’s who on infrastructure investing globally PLUS!
Featuring an ALL NEW Infrastructure Fund Showcase! With the deluge of India infrastructure funds we’ll help you keep up so you know which infrastructure fund will give you highest returns at minimum risk.
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Day Two: Thursday, 9 October 2008
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08.30 | Registration
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08.50 | Chairperson’s opening remarks
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| INVESTING THROUGH PRIVATE EQUITY AND FUNDS |
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09.00 | Enhancing investment portfolio diversity and securing high fixed return through India infrastructure investment fund
- Analysing the performance of listed infrastructure funds in India
- Is infrastructure fund going to be the next REIT?
- How do you evaluate the funds to invest: what are the evaluation criteria that you should consider
- Investing in listed versus unlisted funds: understanding the differences in risks and returns
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09.30 | Understanding private equities’ special features as a profitable investment option into India’s infrastructure assets
- Weighing prospective returns as opposed to returns from listings and other traditional investment vehicles
- Analysing the risks posed by investing through private equities and understanding strategies to mitigate them
- Knowing what the value-adds are in investing in private equity
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10.00 | Fund managers panel: Asset allocation to the infrastructure sector in India
- Maximise returns through strategic allocation to India’s infrastructure sector
- What are the different investment options for asset management firms?
- Understanding the political and economical risks involved and strategies in mitigating the risks
- What are the exit options?
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11.00 | Morning refreshments
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| OPPORTUNITIES AND RISKS FOR INVESTORS |
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11.30 | Panel Discussion: How can an institutional investor structure its portfolio for maximum returns?
- Evaluating the potential returns and risks of different asset classes
- Identifying how infrastructure investments can diversify your portfolio and balance out risks
- Understanding investment strategies in infrastructure assets to achieve greater return at lower risks
- Understanding what you need to watch out for to avoid investment pitfalls
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| | Mr Saif Yazidi, Investment Director, Civil Service Employees Pension Fund, Oman
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12.15 | Evaluating opportunities and making smart investments in Indian infrastructure
- Understanding the investment needed and the types of risks involved
- What are government requirements for investors interested to invest
- Extent of government’s commitment to ascertain profitability of project for the investor: tax and other incentives
- If India gets a new government can investors still recover their investment as planned?
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12.45 | Opportunities and risks facing infrastructure owners, investors and government
- What are the long-term growth strategies of infrastructure owners?
- Where investors see the potential in India infrastructure market and what they want from government or owners
- PPP: Is there a gap between the public and private sectors? What can government and private sector do to help bridge the gap?
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| | Mr RN Joshi, Director (Finance), Delhi Metro Rail Corp., India
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13.30 | Networking lunch
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| BANKABLE INFRASTRUCTURE PROJECT SHOWCASE |
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14.30 | Investment opportunities in India’s power sector
- power supply position in India
- power Projects 11th Plan & beyond
- Identifying capital requirement and the opportunities for investors
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14.50 | Delhi Metro Rail’s USD4.75B financing plan project
- Profile of Delhi Metro Rail Corporation and its current operations
- Details including resource profile of present 120 km project to be completed by 2010
- Understanding
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15.10 | Toll road and airport projects
- Status of roads in India; status of airports
- Understanding the requirement to catch up with development in India
- Plans moving forward; where roads and airports are needed and how much capital is required over how many years
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| | Mr SK Dash, Joint Secretary, Ministry of Surface Transport, India
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15.30 | Afternoon refreshments
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| INDIAN INFRASTRUCTURE FUND & FUNDS SHOWCASE |
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16.00 | Building an Indian infrastructure fund to suit Asian investors' appetite
- Considering the inclusion and allocation of regional vs global investments in the infrastructure portfolio
- Allocating the right percentage of infrastructure in your portfolio
- What are the benchmarks within which you can gauge if you have the right mix in your portfolio?
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16.45 | India Infrastructure Fund Showcase
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17.30 | Chairperson’s summary & closing of conference day two
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Post event Masterclass C: Friday, 10 October 2008
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10.00 | India infrastructure as an asset class: Portfolio construction, asset allocation and management
With institutional investor’s need for higher and more reliable return streams in a world in which markets have become collectively more difficult, this masterclass examines some of the trends in asset allocation which in the future might help investors increase performance during more difficult markets.
- Infrastructure and pension plans: a perfect fit?
- Identifying new methodologies in asset allocation for specific markets and institutions
- Developing strategic asset allocation to search flexibility and long term value
- Evaluating global tactical asset allocation in the context of real return
- Optimal portfolio construction using asset allocation
- Current practices and opportunities in Asia
- Risk management using allocation
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