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Agenda Overview

Day One: Thursday 10th March 2016

0830 Registration and coffee
0900 Chairman’s opening remarks
0910 Keynote address: Global macro outlook and what it means for distress in Australia

  1. Bill Evans , Chief Economist, Westpac
0940 Curtain raiser: What's the hottest distressed sector for 2016?

  • Five minutes, five experts, five sectors - Agribusiness, mining, properties, retail and oil & gas.

    Hear their Cases for the hottest sectors in Australia for 2016. Who makes the most compelling argument?

    Our experts will each make their cases in five minutes or less, followed by an open discussion including audience Q&A.
  1. Greg Quinn, Partner, PPB Advisory (Agribusiness) 
  2. Scott Kershaw, Managing Director, 333 Group (Mining) 
  3. Tom Lemke, Senior Managing Director, Head of Retail, Asia Pacific, FTI Consulting (Retail)
  4. Nicholas Assef , Founder & Executive Director, Lincoln Crowne & Company (Oil & Gas) 

1040 Networking coffee break
1120 Investors' panel: After a slow year in 2015, where are we in Australia's distress cycle?

  • Investors from some of the largest investment firms in the world weigh in on Australia’s distressed outlook and what’s kept them busy over the last year. Is this the year we begin a new cycle of distress after a rather mild 2015? With properties, agribusiness, retail and mining all showing signs of distress, which sector offers the best opportunity? How far apart are bid/ask spreads?
  1. Adrian Loader , Managing Director, Allegro Funds
  2. David McWilliam , Executive Vice President, Sankaty Advisors
  3. Niraj Javeri , Director, KKR
  4. Premjit Kaur , Managing Director, Fortress Investment Group
  5. Moderator: Jason Salman , Partner, Corrs Chambers Westgarth  
1155 Panel discussion: Is the stabilizing of commodities prices temporary - Outlook for mining in 2016.

  • After years of junior miners and mining services all over distressed headlines, the names of the distressed get bigger and bigger. With iron ore having touched the 30s and looking to stay low, will any other miners besides the big two survive? What opportunities are there in consolidation? Are banks still willing to lend to miners? 
  1. Chris Wyke, Managing Director, Moelis & Company
  2. Ian Johnson, Managing Director, Helmsman Capital
  3. Marcus Derwin, Managing Director, RCubed Group
  4. Paul Shew, Head of Debt Advisory and Restructuring Australia, Rothschild
  5. Moderator: Shaun Treacy, Chief Investment Officer, Arete Capital
1240 Lunch
1410 Case study: Brisconnections sale
  1. Chris Hill , Partner, PPB Advisory
  2. Jim McKnight , Principal, Fort Street Advisers
1440 Panel discussion what options do investors have with stranded or potentially stranded assets on their books?

  • With the global climate change agenda marching on, carbon assets certainly have taken hits. What value is left of stranded assets and who wants them? How many of Australia’s coal power stations are in danger of being considered stranded? 
  1. Kobad Bhavnagri , Head of Australia, Bloomberg New Energy Finance
  2. Adam Carrel, Director, Climate Change and Sustainability Services, Ernst & Young
  3. Theodore Dow , Chief Investment Officer, Clean Energy Finance Corporation
  4. Will Souter , Executive Director, RFC Ambrian
  5. Moderator: Carl Gunther , Partner, KPMG
1525 Networking coffee break
1555 Panel discussion: Growth of alternative financing not quick enough for junior miners and SMEs?

  • More and more money from around the world has made its way to Australia, yet very little has made it into the hands of junior miners and SMEs. ABLs, Term Loan B, shadow banking and now crowdfunding which alternative financing option fits best, and what role can alternative financing play in restructuring? 
  1. John W. Leftwich , Managing Director, U-Turn Capital
  2. Peter Aston , Managing Director, Bishop Chase
  3. Simon Raftery , Managing Director, Remagen Capital
  4. Moderator: Kelly Morton , Managing Director and Head of Debt Structuring and Capital Advisory, Pottinger Co.
1640 Panel discussion: Santos and Oil Search, distressed opportunities or opportunities for an asset grab?

  • Oil and gas distress has finally reached across the Pacific from the US onto the shores of Australia where billions of gas projects relied on $100 oil. Will these projects possibly be in play for distressed investors? What opportunities are there in gas storage? Is the ultimate prize for oil and gas distress in Australia, an LNG project in Papua New Guinea? 
  1. Jason Preston , Partner, McGrathNicol
  2. Michael Gable , Managing Director, Fairmont Equities
  3. Sajal Kishore , Senior Director, Co-Head of Energy & Utilities Ratings, South & South East Asia, Fitch Ratings
  4. Moderator: Shane McEwen , Managing Director, Mainsheet Capital
1725 Close of day one conference followed by cocktail reception hosted by Corrs Chambers Westgarth

Day Two: Friday 11th March 2016

0830 Registration and coffee
0900 Chairman’s opening remarks 
0910 Bankers' panel discussion: With GE and Esanda sales completed, have we seen the last of the large portfolio sales in Australia?

  • 2015 ended pleasantly with two portfolio sales, however neither were in distress. What does the pipeline look like in 2016? Has debt trading reached its peak? What options are available to banks before enforcement? With provisioning at lows, are banks prepared for a sudden large default?
  1. Stephen Allan , Executive Director, Structured Lending and Special Situations, Nomura Global Markets 
  2. Tim Eastwood , Director, Structured Markets Group, Global Markets, Deutsch Bank
  3. Moderator: Jason Salman , Partner, Corrs Chambers Westgarth
0955 Panel discussion: Between the mining ghost towns in the west and the bubble markets in the east, what should investors be looking out for in the property sector? 

  • With banks tightening lending and increasing mortgage rates, home prices in Sydney have already seen a large drop. Western Australia also struggles as projects go from the labour intensive construction phase to the production phase. How will these two markets cope and what are the opportunities? Will Chinese buyers be able to soften the blow with more investments?
  1. David Rees , Regional Director, Head of Research - Australia, JLL
  2. Michael Wood , Partner, Quadrant Real Estate Advisors
  3. Tony O'Callaghan , Partner, KordaMentha Real Estate
  4. Moderator: Mark Wilks , Partner, Corrs Chambers Westgarth
1040 Networking coffee break 

1110 Panel discussion: How has distress and restructuring fared in Australia compared to Asia? 

  • Australia wasn’t the only one, Asia Pacific as a whole had a slower year in distress. Why haven’t investors deployed their funds? Does Australia fit into an Asia Pacific portfolio? How do returns and asset quality compare between Asia and Australia?
  1. Beaux Pontak , Managing Director, Head of Portfolio Investments, Asia Pacific, Deutsche Bank
  2. Michael Phillip , Director, CarVal Investors
  3. Theron Alldis , Sourcing, Asia, SC Lowy
  4. Moderator: Michael Wyer , Managing Partner, Wyerplan VC

  1155 Panel discussion: How will foreign agribusiness investors react to Australia's changes to the threshold for scrutiny by the Foreign Investment Review Board (FIRB)?

  • With reputational backlash hanging over their heads, banks have temporarily stopped enforcement, but how long will that last? If enforcement is unavailable, will the debt be sold off? Which sectors of agribusiness is feeling the most stress? How much investment into agribusiness is from China versus the rest of the world?
  1. Danny Thomas , Regional Director, Agribusiness, CBRE
  2. Ben Craw , Director, PPB Advisory
  3. Tim Biggs , Founding Partner and Investment Director, Laguna Bay
  4. Moderator: Sam Delaney  , Partner, Corrs Chambers Westgarth

  1240 Chairman's closing remarks and close of conference followed by lunch