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Agenda - Infrastructure Finance Forum

Day One, Wednesday September 21st

8.15am Registration and morning refreshments

9.00am Chairperson’s opening remarks

Sarah Roberts, President, INTECH Risk Management

9.10am What is driving the growing interest in public private partnerships as a viable funding method?

  • Overcoming the challenges and limitations of implementing the PPP model in the US
  • How is the political environment influencing the usage of public private partnerships?
  • Procurement capacity for PPPs: How can procurement be made more efficient and reliable?
  • Supply and demand: The role of private placement bonds in supporting the development of PPPs

Ricardo Bosch, Head of Business Development, North America, Cintra
Nuria Haltiwanger, Chief Executive Officer, ACS Infrastructure Development
Arnon Klein
, Director, Primary Investments – North America, John Laing
George Biediger
, Vice President, Project Development & Investments, Fluor Corporation
Keith Hennessey
, Head of Public-Private Partnerships, North America, Bechtel Civil Infrastructure
Moderator: Nicolai Sarad, Partner, Pillsbury

9.50am Application of the PPP model across new infrastructure sectors in North America

  • Which new sectors are considering and utilising the PPP model?
  • Adapting PPPs to new asset classes and the need for changes in skillset
  • Which projects are going PPP and which financing models are being utilised?
  • Availability versus volume risk: What type of security packages will be used?

Samara Barend, Senior Vice President, P3 Development Director, AECOM Capital
William Kloehn, Chief Executive Officer, JCRA Financial
Kevin Li
, Vice President, Infrastructure Finance, DBRS
Mansi Patel,
Director, MetLife Private Capital Investors
Moderator: Tara Mackay, Partner, Torys

10.30am Morning refreshments and networking break

11.15am North America’s need for water infrastructure investment: A fountain of opportunity or a mirage?

  • Capitalising on North America’s need for major water infrastructure development: When can we expect deal flow to increase?
  • Utilising PPPs as a means of facilitating private investment in water infrastructure
  • Scrutinising the impact of WIFIA and FAST Act on pipeline and deal structures 
  • Analysing the need for an increase in rates to support capital structures and facilitate larger deals
  • What funding tools are available for the water infrastructure sector?

Andrew Kingman, Chief Financial Officer, Poseidon Water
Michael Deane, Executive Director, National Association for Water Companies
Keith Fischer, Managing Director – Business Development, SouthWest Water Company 
David Tweedy, Managing Director, CIBC Capital Markets
Moderator: Mike Heitmann, President & Chief Executive Officer, Garney

12.00pm What is needed to encourage the development of social infrastructure projects?

  • Why have social infrastructure deals struggled to come to fruition in the US?
  • Social infrastructure pipeline for 2017 and attracting interest from banks, sponsors and institutional investors
  • A closer look at student housing: An emerging asset class?
  • Will the TIFIA model and PABs expand to include social infrastructure?

Daniel Feitelberg, Vice Chancellor, Planning and Budget, University of California, Merced
Stuart Marks, Senior Vice President, Plenary Group
Michael Tranter
, Vice President Public & Infrastructure Finance, SMBC
Mike Parker
, Senior Managing Director, US Infrastructure Advisory Leader, EY
Moderator: Sarah Roberts, President, INTECH Risk Management

12.45pm Lunch and networking break

2.00pm Long Beach Civic Centre: Analysing the US’ first social infrastructure PPP to utilise a taxable private placement bond

  • Bank debt, private placement and equity: Challenges and highlights of Long Beach civic centre’s innovative source of financing
  • Bundling of assets and the impact on deal structure
  • How will this deal influence the pipeline of future social infrastructure PPPs?
  • Understanding the drivers for utilising a taxable private placement bond

Stuart Marks, Senior Vice President, Plenary Group
Claudio Andreetta
, Director, P3 Business Development, Performance Based Infrastructure, Johnson Controls
Orion Fulton
, Associate Principal, Long Beach Civic Centre Project Manager, Arup

2.30pm The white knights of infrastructure: A closer look at North America’s infrastructure investors

  • Infrastructure funds, private equity investors, pension funds & sovereign funds: Who will drive North America’s infrastructure projects forward?
  • Institutional investors’ appetite for construction risk and their pricing on deals
  • Assessing the yield to risk ratio for debt versus equity funds
  • Will most infrastructure deals continue to be done in the tax exempt market?

Hadley Peer Marshall, Senior Vice President, Brookfield Infrastructure Group
Nick Cleary, Executive Director, Infrastructure Debt, Hastings
Mac Bell
, Director, Fengate
Mansi Patel,
Director, MetLife Private Capital Investors
Moderator: Stephanie Wagner, Partner, Mayer Brown

3.15pm Afternoon refreshments and networking break

4.00pm SUPER SESSION: Cross-sector lending overview: Which sectors of the market should lenders put their money into?

  • Will the 2016 elections be a catalyst for new Greenfield investment opportunities in infrastructure & energy finance?
  • Dealing with liquidity: Is there too much capital chasing the same projects? How are the banks responding?
  • Assessing long-term prospects for the North American project finance market with expanding risk appetite from financiers
  • What innovations to financing structures and terms will we see in 2017?

Nuno Dias Andrade, Head of Project & Acquisition Finance North America, Santander
James Guidera
, Managing Director & Group Head, Energy & Infrastructure North America, Credit Agricole CIB
Kerri L. Fox
, Managing Director and Head, Project Finance North America, BBVA
Juan Kreutz
, Managing Director, Head of Specialized Finance – North America, SMBC
Moderator: Tom Murray, Managing Director, Apollo Global Management

4.45pm SUPER SESSION: Champagne roundtables 
Led by an expert moderator, the roundtables will create an informal environment to discuss and debate sectorial, regional and thematic issues over a glass of champagne. Delegates will be able to move around tables, maximizing networking and learning opportunities:

  • Transport
    Host: Thilo Tecklenburg, Chief Operating Officer North America, Meridiam
  • Social Infrastructure
    Host: Nuria Haltiwanger, Chief Executive Officer, ACS Infrastructure Development
  • Water Infrastructure
    Host: Mike Heitmann, President & Chief Executive Officer, Garney
  • Wind Power
    Host: Himanshu Saxena, Senior Managing Director, Starwood Energy Group
  • Solar Power
    Host: Thomas Plagemann, Executive Vice President, Head of Capital Markets, Vivint Solar
  • Energy Storage
    Host: Kiran Kumaraswamy, Market Development Director, AES Energy Storage
  • Conventional Power
    Host: Michael Ferguson, Director, North American Energy Infrastructure, S&P Global Ratings
  • Alternative Debt
    Host: Patrick Trears, Principal, AMP Capital
  • Institutional Investment
    Host: Mansi Patel, Director, MetLife Private Capital Investors
  • Roads

5.45pm Chairperson’s closing remarks followed by drinks reception


Day Two, September 22nd 2016

8.45am Morning refreshments

9.15am Chairperson’s opening remarks

Sakshi Sharma, Americas Editor, IJ Global

9.30am Developing a realistic PPP program for a sustainable pipeline of PPP projects in the US

  • Education, workshops and PPP offices: The need for public sector initiatives as a means to build capacity
  • Ensuring effective risk transfer and avoiding the treasury-oriented approach
  • Would standardisation of legislation be beneficial for developing America’s PPP market?
  • Making PPPs a success: Lessons learned from Canada on privatisation

Duane Callender, Director, TIFIA Credit Program, US Department of Transport
Marshall Crawford, Senior Advisor Infrastructure Finance, US Treasury International Affairs, Office of Technical Assistance
Anne Selting
, Senior Director, Infrastructure Ratings, S&P Global Ratings
Bryan Kendro
, Vice President, Project Development, Star America Infrastructure Partners
Moderator: Deborah Brown, Vice President, U.S. Advisory Services, WSP Parsons Brinckerhoff

10.15am Purple Line LRT Case Study: What makes this deal different from the others in the 2013 wave of projects and why did it survive?
George Biediger, Vice President, Project Development & Investments, Fluor Corporation
Christophe Petit
, President & Managing Partner, Star America Infrastructure Partners
Jonathan Dingle,
Senior Associate, Meridiam

10.45am Morning refreshments and networking break

11.15am LaGuardia Airport Case Study: Analysing North America’s first and largest airport PPP project

  • Will we see more terminal revitalisations funded through PPPs?
  • What is holding private sector capital back from investing in this asset class?
  • Exploring the opportunities for investment in airport privatisations

David Kagan, Assistant Director, Business and Commercial Development, Aviation, Port Authority of NY and NJ
Thilo Tecklenburg, Chief Operating Officer North America, Meridiam
Marie-Liesse Marc, Senior Director, Business Development, Vantage Airport Group
Stephen Howard
, Director, Head of Infrastructure Project Finance, Barclays Capital

12.00pm The hybrid approach: Will the market see more hybrid structures utilising both bank and bond debt?

  • Scrutinising the resurgence of bank lending in the infrastructure market 
  • Will we see more availability payment based PPPs with private placement bonds committed at bid stage coming to financial close?
  • Exploring the difficulties of other hybrid-financed projects: What has held them back and how can these challenges be overcome?
  • Competitive pricing: Will the market see more private placements?

Ben Dijounas, Executive Director, JP Morgan
Jonathan Yellen
, Managing Director, Morgan Stanley
Shane Arthurson
, Head of Infrastructure Finance & Advisory, Structured Finance, Americas, ICBC
Michael Uhouse, Managing Director, Scotiabank
Anthony Edwards
, Managing Director, Global Infrastructure Finance, Global Investment Banking, CIBC Capital Markets
Moderator: George Miller, Partner, Mayer Brown

12.45pm How will the recent bankruptcies of toll road projects impact future deal structures and terms?

  • Analysing SH130: What are the implications for private toll roads and managed lanes projects currently in procurement?
  • Toll roads versus managed lanes: Has a broad brush-stroke approach been taken across both asset classes?
  • Will we see the review of existing contracts?

Filip Guz, Investment Director, Infrastructure, InfraRed Capital Partners
Eran Golan
, Head of US Operations, Shikun & Binui Concessions
David Tyeryar
, Chief Financial Officer, North Carolina Department of Transportation
Moderator: Sakshi Sharma, Americas Editor, IJ Global

1.15pm Chairperson’s closing remarks followed by lunch and close of conference