National Investment Banking Competition & Conferenceundergrad.bm.ust.hk/files/announcement/NIBC 2018 Competition Overview.pdf · [email protected] 2 Board Member Chair Board

National Investment Banking Competition & ConferenceNIBC 2018 Competition Overview

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National Investment Banking Competition & Conference 2018

SponsorTraining

Competition Team Introduction

Competition Team

TimVipond

For more information, please contact:

Adam Forsgren

Sofiia Salimova

Mathilde Ho

David Chernenko

Tennille Robertson

Director, Competition

Director, Conference

Director, Case

Associate, Competition

Associate, Competition

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

2

Board MemberChair

Board Representation

PhilipChua

DirectorCompetition

Adam Forsgren

Associate Competition

TennilleRobertson

Director Case

MathildeHo

DavidChernenko

Associate Competition

Director Conference

SofiiaSalimova


Invitation to NIBC 2018

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We would like to invite Undergraduate & Graduate students to the National Investment Banking Competition

FIRST ROUND: 4-week resolution starting Fall 2018 requiring teams of 4 to produce a Corporate Valuation & Strategic Review

100-page case package with financial model templates & industry data prepared by industry professionals

Successful competitors to submit “client-ready” pitchbook

FINAL ROUND: 48-64 finalist teams competing during Spring 2019 giving Transaction Advice to a Live Panel of Managing Directors

Unique case featuring fully authentic current transaction

Competitors from reputed schools across the world compete for $15k prize money with high-profile keynotes and panelists

Please visit NIBC.ca to register

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Upon registration, competitors receive access to online video tutorials, industry templates & interview training for the First Round1

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NIBC aims to offer students from all backgrounds an opportunity to develop their investment banking careers

First Round case dissemination and submission takes place online with successful teams being advanced to the Final Round

Final Round takes place in the boardrooms of investments banks with the top teams presenting at the Gala Dinner

4 Accompanied by networking opportunities with distinguished speakers and professional guests from major financial centers


Event Overview

CASE DCF, Comparable, Precedent, LBO Valuation | Strategic Client Review | Corporate Finance Transaction

TRAINING Access to Industry Templates | Video Tutorials through Online Competitor Portal

COMPETITION Equal Access for All Students | 100+ Universities | 1,600 Competitors | $15,000 Prize Pool

CONFERENCE High-Profile Keynote Speakers | Deal Presentations | Sellside & Buyside Panels

AUDIENCE 400 Students at Final Round | 150 Industry Professionals & Alumni

NIBC CONCEPT (2009-2019)

NIBC was founded on the guiding philosophy of giving students from any background & geography a merit-based opportunity to develop and measure their skills on a global stage

Event Statistics & Participants

Event Overview

Venue 5-Star

Keynotes 3

Deal Presentations 3

Panels 2

Student Attendance

Universities 100+

Competitors 1,600

Competition Finalists 250

Conference Delegates 150

Professional Involvement

Board Members 15

Boardroom Judging 30

Workshops & Panels 25

Wine & Cheese 70

Gala Dinner 120

Total 150

Corporate Partners

Investment Banks 17

Private Equity Firms 4

Asset Management 8

Accounting/Law Firms 5

Corporate Clients 9

Total Firms 43

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High-Caliber Competitors

Select Past Competing Schools

University of PennsylvaniaColumbia UniversityStanford UniversityNew York UniversityMassachusetts Institute of TechnologyCornell UniversityYale UniversityDartmouth CollegeGeorgetown UniversityUC BerkeleyUCLACarnegie MellonJohn Hopkins UniversityCalifornia Polytechnic State UniversityUniversity of San DiegoState University of New YorkFlorida International UniversityUniversity of Wisconsin-MadisonOhio State University

University of Western OntarioMcGill UniversityQueen’s UniversityUniversity of TorontoHEC MontrealUniversity of WaterlooMcMaster UniversityWilfred Laurier UniversityConcordia UniversityRyerson University

University of British ColumbiaSimon Fraser UniversityUniversity of VictoriaUniversity of CalgaryUniversity of Saskatchewan

London Business SchoolCambridge UniversityUniversity of OxfordNewcastle UniversityHEC ParisEDHEC Business SchoolIE Business SchoolUniversity of Melbourne

National University of SingaporeChulalongkorn UniversityPeking UniversityUniversity of Hong KongChinese University of Hong KongCity University of Hong Kong

Indian School of BusinessIndian Institute of ManagementPutra Business SchoolIPADE Business SchoolUniversidad de Los AndesUniversity of Ljubljana

Past Competition Winners

Shizu Okusa 2010 Goldman SachsDerek Ching 2010 Goldman SachsNavtej Sidhu 2010 Scotiabank GBMJordan Pandoff 2011 BMO Capital Markets Alex White 2011 Moelis | TD SecuritiesHaroon Chaudhry 2011 BMO Capital MarketsJeremy Beadow 2011 BMO Capital Markets | Scotiabank GBMJeff McLay 2012 Onex | MoelisIan Sinclair 2012 TD SecuritiesAman Malik 2012 CPPIB | Credit SuisseGregory Jones 2012 CPPIB | BMO Capital MarketsShaaj Vijay 2012 RBC Capital MarketsStephen Ou 2012 RBC Capital Markets | Scotiabank GBMKevin Zhou 2013 Och-Ziff Capital | Goldman SachsKevin Gryp 2013 Steadfast Financial | Silver Lake PartnersFeroz Qayyum 2013 Pershing Square | EvercoreLewis Peattle 2013 Bain & CompanyIvan Di 2014 Onex | RBC Capital MarketsMak Doric 2014 Goldman SachsEmily Ren 2014 HarbourVest Partners | RBC Capital MarketsNicholas Bigelow 2014 Birch Hill | CIBC World MarketsPatrick Fong 2015 TPG Global | EvercoreRyan Liu 2015 Google | EvercoreRyan Yaraghi 2015 Searchlight Capital | EvercoreStephen Caputo 2015 BarclaysNolan Lypka 2016 Moelis | BMO Capital MarketsOlivier Babin 2016 Goldman Sachs | National Bank FinancialStephen Toth 2016 BarclaysLuis Spradley 2016 Apollo | MoelisMichael Brown 2017 RBC GLPChristy Ma 2017 RBC Capital Markets

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Notable Industry Representatives

Frank GiustraFounder & CEO

W. Brett WilsonCo-Founder & Chairman

Ian TelferChairman

Robert HerjavecPanelist & Entrepreneur

Noah WintroubVice Chairman, IB

Doug GuzmanGlobal Head, IB

Randy SmallwoodPresident & CEO

Clive JohnsonPresident & CEO

Curt SigfsteadCo-Head, Technology IB

Don LindsayPresident & CEO

Patrick MeneleyGlobal Head, IB

Egizio BianchiniVice Chairman, IB

Ryan VoegeliHead, Telecom & Diversified

Paul DonnellyCEO, Canada

David RawlingsCEO, Canada

Darren ThroopPresident & CEO

Michele RomanowPanelist & Entrepreneur

Carrie CookManaging Director

David TrujilloHead, New Media

Tracey McVicarGlobal Head

Kathy ButlerHead, Western Canada IB

Jill LeversageRegional Head, IB

Peter BrownFounder & Chairman

Fraser HallCo-Founder & Chairman

Past Keynote Speakers

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Reputed Corporate Partners

Past Participating Firms

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National Investment Banking Competition & Conference 2018 8

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2018-2019 Competition Timeline

The First Round will take place in the Fall of 2018 with the Final Round held in the Spring of 2019

Registration Opening

First Round Submission

Summer 2018 Fall 2018 Spring 2019

Final Round

First Round Release

Competition Timeline:

Summer 4 Weeks 2 days

Skills Development

Online Resources

Valuation & Strategic Overview

Analyst / Associate Perspective

Transaction Advice

Director Perspective

Online case resources

Research guides, video tutorials industry templates, interview training

One-day skills workshop and networking in Western Canada

DCF, Trading Comparables, Precedent Transactions, LBOs templates

Pitchbook and valuation model

40-60 teams selected for final round

Pre-built models, data sets, transaction memo for strategic analysis

8-hour slot to develop boardroom pitch

Present to Managing Director panel at Gala Dinner

Preparation & Training First Round Final Round

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First Round Experience

Industry PrimersKey Characteristics, Competitive Analysis

Model TemplatesDCF, Comps, Precedents, LBO, Transaction Model*

Technical InstructionsBased on Fully-Completed Case Solutions by Professionals

Pitchbook InstructionsDetailed Outline, Sample Pitchbooks, Past Finalist Videos

Research GuidesRecommended Sources for Information & Data

Career ResourcesPractical Insights on Application Process & Interviews

Case Materials & Preparation Resources

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Expectations & Evaluation

Competitors receive online resources to prepare for the First Round and develop “client-ready” materials

Submissions are graded against industry standard models & pitchbooks prepared by professionals for each case

After signing up a team, competitors can access online resources to develop investment banking skills and prepare for the competition

*Final Round Case InterviewsVideo Tutorials Templates

Company & Industry Overview

Business & Operating Model

Industry & Competitive Analysis

Liquidity & Capital Requirements

Valuation Analysis

Share Price Analysis

Trading Comparables

Precedent Transactions

Discounted Cashflows

Leveraged Buyout

Corporate Finance

Capital Raising

M&A, Divestitures

Valuation & Strategic Review Presentation

Valuation Model

Outputs & Assumptions Summary

Discounted Cashflows

Trading Comparables

Precedent Transactions

Leveraged Buyout

FIR

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Final Round Experience

Finalist teams work in hotel rooms and present their pitchbooks in the boardrooms of sponsoring banks

Panels & Presentations (Hotel, 9am – 5pm)

Semi-Final Round(Hotel, 11am – 1pm)

Wine & Cheese Networking (Hotel, 5-6pm)

Gala Dinner Keynote & Final Round (Hotel, 6-9pm)

Evening Event

Day 1 - Wednesday

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Day 2 – Thursday

Boardroom Presentations (Sponsor Offices)

8 teams will present in each boardroom with seasoned bankers adjudicating the presentations. The top teams will be advanced to the semi-final round held the following day at the hotel.

Case Resolution (Hotel, 6am-2pm)

Boardroom Presentations (Offices, 3pm-6pm)

Competitor Reception (Hotel, 7pm-9pm)Competitor Reception (Hotel)

Competitors will have an opportunity to network with judges after the boardroom presentation with food & drinks being served in the hotel ballroom throughout the evening.

Wine & Cheese and Gala Dinner Final Round

Over 100 professionals will be attending the Wine & Cheese and Gala Dinner including the Keynote Fireside Chat. A panel of managing directors will be adjudicating the top 4 teams presenting at Final Round.

Arrival – Tuesday

Instructions & Briefing (Hotel, 9-10:00pm)

Case Resolution (Hotel)

Each finalist team is given 6-8 hours to prepare a pitchbook working in a dedicated hotel room. Teams will be provided with a scenario-enabled financial model, datasets and charts.

Panels & Deal Presentations

Senior executives will be sharing insights on marquee deals in addition to investment banking and private equity professionals taking questions from competitors.


Video Tutorials Library

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The NIBC Live video portal providesvideo tutorials & templates tocompetitors in the 2018-2019 NationalInvestment Banking Competition.

Graduate & undergraduate students maysign up teams of 2-4 students. Uponregistering for the First Round,competitors can access

A selection of clips can be viewed underthe links provided.

NIBCLive.com.

Training SeriesVideo tutorials by professionals on concepts applied in investment banking

RESEARCHTRANSACTIONSPITCHBOOKSMODELLING TIPSBEST PRACTICES

Interview Training50 model answers to most frequent investment banking interview questions

INTERVIEW ANSWERSONE-PAGE SUMMARYPRACTICE INTERVIEWS

Industry InsightsPresentations by NIBC board members, keynote speakers & past winners

NIBC INTERVIEWSKEYNOTES & DEAL PRESENTATIONSINDUSTRY PANELS

Training Series | Preview Valuation Example | WatchContent Trailer Resume Writing Pitchbooks Case Templates

Corporate Finance

Interview

Fireside Chat

Winning Team

Interview

Download


Competition Cases

Cases feature realistic transactions based on fully authentic information and transaction parameters

Research Concepts Assigned to Competitors

Strategic & Financial Rationales for M&A Stock Versus Cash Consideration

Valuation and Stock Price Impact Deferred Payment Structures

Accretion / Dilution, IRR and NPV Metrics Board and Shareholder Approvals

Synergies and Operational Efficiencies Management Incentives and Retention

Levered Financing Structures and Debt Metrics Bid Security and Price Protection Mechanisms

Case Materials (2015 Sample Final Round Case)

Information package with key information and relevant data on EA and Take-Two

Fully-built Excel model with pre-set variable inputs and pre-formatted summary outputs

Director memo from "transaction director" suggesting sequence of analysis and topics of slides

Model Inputs Model Outputs

Premium over Share Price Sensitivities on Forecast Levered/Unlevered IRR and NPV

Earn-out on Sales / EBITDA Proportion of Shares versus Cash EPS Accretion / Dilution

Size and Timing of Synergies Interest Rate on Corporate Debt Net Debt to EBITDA Ratio

FIFA (Electronic Arts)

Grand Theft Auto (Take-Two)

Apparel Mining Gaming Film Telecom Video Games OTT Streaming

Selected Past Case Topics

Valuation Financing AcquisitionAcquisition Acquisition MergerRestructuringAcquisition

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Case Example: Electronic Arts / Take Two

Titles: TTWO would provide EA with most successful open world role play franchise GTA and other valuable franchises

Growth: TTWO is a growth company and GTA franchise has untapped potential which matches EA's current stock profile

Market Share: Combined with TTWO, EA would reclaim its #1 position in console segment and overall games markets

Asia: EA may take advantage of TTWO’s relationships in Asia to expand outside of core North American market

Accretion: 2018 accretion of 3.7% to 13.2% possible based on synergies from shared overhead

High Valuation & Market Leadership

in Video Games (Console)

Low Profits& Strong

Competition

Lagging AAA Titles &

Customer Reviews

M&A Strategy

into Mobile & Online

Cost Control & Strong Financial

Performance

High Share Price &

Valuation Multiple

Strengthen Core Console

Segment through TTWO

2008: Financial crisis resulted in poor performance for global publishers

2012: Star Wars: The Old Republic falls short of being a major game-changer despite an estimated $500m budget

2012-2013: EA faces some critical consumer reviews for slow product releases and excessive charges for add-on content

2014: Good performance in traditional core franchises with FIFA 14 and Battlefield

2014: Cost reductions and shift to digital delivery led to EBITDA margin +42% YoY in 2014

2009-2011: Acquisitions of PopCap Games and Playfish allowed EA to increase revenue mix to 45% digital


Canadian Origin

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WesternCanada

Select Past Participating Canadian Schools


International Expansion

Year

4

16

Select Past Participating European and Asian Schools

Select Past Participating American Schools


Board Members

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Tracey McVicar

CAIPrivate Equity

Global Head

Board Member

Kathy Butler

CIBC Capital Markets

Regional Head

Board Member

Tim Vipond

Corporate Finance Institute

CEO(CIBC)

Board Member

Chris Tsoromocos

Trafalgar Partners(Stern Partners)

Managing Director

Board Member

Rizvan Dhalla

Morgan Stanley

Managing Director

Board Member

Harry Pokrandt

Hive BlockchainTechnologies(Macquarie)

CEO

Board Member

Jordan Anderson

bcIMC(TD Securities)

Portfolio Manager

Board Member

Philip Chua

Macquarie (2016)(UBS)

Committee Chair

Michael Scott

RBC Capital Markets

Director

Board Member

Dipak Kamdar

Google(McKinsey & Co.)

Manager

Board Member

Amardeep Chandi

Caspian Capital (2017)(KKR)

Board Member

David Lam

Macquarie Capital

Associate

Board Member

Noam Gilead

J.P. Morgan

Associate

Board Member

Charles Wong

Canaccord Genuity

Analyst

Board Member

Olya Kubliy

RBC Capital Markets

Analyst

Board Member

Haroon Chaudhry

BMO Capital MarketsVice President

Board Member

NIBC Board Members Case & Oversight Committee

Gint Austrins

Global Securities(UBS)

Equity Analyst

Board Member

Nicole Ponto

Jefferies

Analyst

Board Member

Brenden Lee

Oaktree (2016)(Evercore)

Board Member

Martin Haakonsen

TD (2017)

Board Member


Team Member Responsibilities Completion Experience & Extracurricular Achievements

Sofiia Salimova Conference, Director 2019 (4) Catalyst Capital | Russian National Government Award

Eric Hall Conference & Media, Associate 2020 (2) Deloitte | Pan American Jiu-Jitsu Competitor and 1st Place in BC Provincials

Viktoriya Tsurikova Conference, Associate 2020 (2) Longbow Consulting | 1st Place in Regional Horse Riding and Russian National Contest

Adam Forsgren Competition, Director 2019 (3) Garibaldi Capital | National Contestant in Canadian U18 Men’s Tennis

Tennille Robertson Competition, Associate 2020 (2) Canaccord Genuity | Founder of Lavish Events Group

David Chernenko Competition, Associate 2021 (2) Canalyst | Five Time Volleyball Provincial All-Star

Nina Erdevicki Competition, Associate 2021 (1) Gravitas Securities | Ranked 1st in BC and 7th in Canada in Women’s Tennis

Mathilde Ho Case, Director 2018 (4) Scotiabank GBM | 1st Place in Dragon Boat Canadian Championships

Prithvi Khanna Case, Associate 2020 (2) Valitas Capital Partners | Top 50 in India in U18 Men’s Tennis

Doris Chai Case, Associate 2020 (2) Canalyst | Outstanding International Student Award ($25k for 96% First Year GPA)

Mehtaab Chandi Case, Associate 2021 (2) MvC Capital | 1st Place in UBCFA Portfolio Management Competition

Arian Oftadeh Marketing, Director 2019 (3) Telus Marketing Manager | President of Toastmasters Mastermind Group

Valerie Tsui Marketing, Associate 2020 (2) Canaccord Genuity | Imprint Marketing Conference of the Year Award

Karan Grover Marketing & IT, Associate 2019 (3) Amazon | First Place Ericsson Innovation Award (€25k for SoundVision App)

James Huang Operations, Director 2020 (2) Corporate Finance Institute | 4.20/4.33 Cumulative GPA for First and Second Year

Maori Hayashi Operations, Associate 2020 (2) M&A Cloud | 3rd Place City Marathon in Osaka Japan

SofiiaSalimova

EricHall

Viktoriya Tsurikova

AdamForsgren

TennilleRobertson

DavidChernenko

NinaErdevicki

MathildeHo

PrithviKhanna

DorisChai

MehtaabChandi

ArianOftadeh

ValerieTsui

KaranGrover

JamesHuang

MaoriHayashi

Conference Team Competition Team Case Team Marketing Team Operations

Organizing Team


Year Work Experience

Philip Chua 2010 Macquarie Capital | UBS Investment Bank

Amardeep Chandi 2010 Caspian Capital | KKR | Morgan Stanley

Dipak Kamdar 2010 Google | McKinsey & Co.

Jenny Hu 2010 McKinsey | Partnerships BC

Noam Gilead 2010 JP Morgan | RBC Global Asset Management

Gint Austrins 2011 Global Securities | UBS Investment Bank

Jacky So 2011 Barclays | BAML

Sean B. McNulty 2011 JP Morgan | CIBC Capital Markets

Jose A. Gonzalez 2011 Citi | Leith Wheeler

Katherine Barends 2011 PwC | CIBC Wood Gundy

Martin Eston 2011 Morgan Stanley | RBC Capital Markets

Carl F. Stange 2012 SEB Investment Bank | Morgan Stanley

Jessica Zhang 2012 Houlihan Lokey | BAML

Amelia Lak 2012 Goldman Sachs | RBC Capital Markets

Sara Keng 2012 TD Securities | CIBC Capital Markets

Andra Bosneaga 2012 Birch Hill | CIBC Capital Markets

Martin Haakonsen 2012 Arctic Securities | TD Securities

Vina Yiu 2012 BAML | Morgan Stanley

Terence Kwan 2012 McKinsey | Bridgewater

David Lam 2013 Macquarie Capital | GE Capital

Brenden Lee 2013 Oaktree Capital | Evercore

Jasmin Kirk 2013 Lane Crawford | Rabobank

John Sanden 2013 Connor, Clark & Lunn | RBC Capital Markets

Charles Wong 2013 Canaccord Genuity | HSBC

Carmen Chan 2013 Citi | Global Securities

Piper Hoekstra 2013 Connor, Clark & Lunn | CIBC Capital Markets

Derek Dodd 2013 KKR | RBC Capital Markets

Jennifer Liu 2013 Goldman Sachs | RBC Capital Markets

Garrett Clyne 2014 DW Healthcare Partners | TD Securities

Year Work Experience

Louisa Yeung 2014 Deloitte M&A Advisory | TD Securities

McKenzie Milhousen 2014 Morgan Stanley | Goldman Sachs

Taylor Carkner 2014 BMO Capital Markets | Greywolf Capital

Chris Wong 2015 Lululemon | BMO Capital Markets

Nicole Dee 2015 Cadian Capital | Silver Point | Goldman Sachs

Leanne Li 2015 Scotiabank | HSBC

Juliet Zhu 2015 HSBC | Silicon Valley Bank

Sandra Woo 2015 TD Securities | AGF Investments

Clarabel Luk 2015 PwC | Wesgroup Properties

Soroush Karimzadeh 2015 Novarc Technologies | Andritz

Jennifer Jordache 2015 Connor, Clark & Lunn | CPPIB | BAML

Karsten Lee 2015 BMO Capital Markets | GMP FirstEnergy

Hovy Qiu 2015 GF Capital | Canalyst

Nicole Ponto 2015 Jefferies | CIBC Wood Gundy

Olya Kubliy 2016 RBC Capital Markets | National Bank

Joseph Liu 2016 Tricor Pacific Capital | Cormark Securities

Lucien Lu 2016 Ardenton Capital | IVEST Consumer Partners

Jonathan Young 2016 RBC Global Asset Management

Jamie Farrell 2016 Macquarie Capital

Jessica Ljustina 2016 RBC Capital Markets

Josh Dogor 2016 CPPIB | OTPP

Cameron Strukoff 2017 Scotiabank GBM | Morgan Stanley

William Liaw 2017 Goldman Sachs | Barclays

Mathilde Ho 2017 Scotiabank GBM | Canalyst

Matheus Sampaio 2017 Scotiabank GBM

Alexander Qu 2017 RBC Capital Markets | Macquarie

Ali Geum 2017 CIBC Capital Markets | Canalyst

Sofiia Salimova 2017 Catalyst Capital

Beca Yin 2017 Roynat Capital | HSBC GBM

Organizing Team Network

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Appendix – Case Examples


Appendix – Case Examples

Documents

National Investment Banking Competition & Conferenceundergrad.bm.ust.hk/files/announcement/NIBC 2018 Competition Overview.pdf · [email protected] 2 Board Member Chair Board