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National Investment Banking Competition & Conference
NIBC 2018 Competition Overview
NIBC.ca | FB: Official Page | YT: Competition Video Highlights
National Investment Banking Competition & Conference 2018
SponsorTraining
Competition Team Introduction
Competition Team
Tim
Vipond
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
2
Board MemberChair
Board Representation
Philip
Chua
DirectorCompetition
Adam
Forsgren
Associate Competition
Tennille
Robertson
Director Case
Mathilde
HoDavid
Chernenko
Associate Competition
Director Conference
Sofiia
Salimova
National Investment Banking Competition & Conference 2018
Invitation to NIBC 2018
3
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
3
Upon registration, competitors receive access to online video tutorials, industry templates & interview training for the First Round1
2
3
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
National Investment Banking Competition & Conference 2018
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
4
National Investment Banking Competition & Conference 2018
High-Caliber Competitors
Select Past Competing Schools
University of Pennsylvania
Columbia University
Stanford University
New York University
Massachusetts Institute of Technology
Cornell University
Yale University
Dartmouth College
Georgetown University
UC Berkeley
UCLA
Carnegie Mellon
John Hopkins University
California Polytechnic State University
University of San Diego
State University of New York
Florida International University
University of Wisconsin-Madison
Ohio State University
University of Western Ontario
McGill University
Queen’s University
University of Toronto
HEC Montreal
University of Waterloo
McMaster University
Wilfred Laurier University
Concordia University
Ryerson University
University of British Columbia
Simon Fraser University
University of Victoria
University of Calgary
University of Saskatchewan
London Business School
Cambridge University
University of Oxford
Newcastle University
HEC Paris
EDHEC Business School
IE Business School
University of Melbourne
National University of Singapore
Chulalongkorn University
Peking University
University of Hong Kong
Chinese University of Hong Kong
City University of Hong Kong
Indian School of Business
Indian Institute of Management
Putra Business School
IPADE Business School
Universidad de Los Andes
University of Ljubljana
Past Competition Winners
Shizu Okusa 2010 Goldman Sachs
Derek Ching 2010 Goldman Sachs
Navtej Sidhu 2010 Scotiabank GBM
Jordan Pandoff 2011 BMO Capital Markets
Alex White 2011 Moelis | TD Securities
Haroon Chaudhry 2011 BMO Capital Markets
Jeremy Beadow 2011 BMO Capital Markets | Scotiabank GBM
Jeff McLay 2012 Onex | Moelis
Ian Sinclair 2012 TD Securities
Aman Malik 2012 CPPIB | Credit Suisse
Gregory Jones 2012 CPPIB | BMO Capital Markets
Shaaj Vijay 2012 RBC Capital Markets
Stephen Ou 2012 RBC Capital Markets | Scotiabank GBM
Kevin Zhou 2013 Och-Ziff Capital | Goldman Sachs
Kevin Gryp 2013 Steadfast Financial | Silver Lake Partners
Feroz Qayyum 2013 Pershing Square | Evercore
Lewis Peattle 2013 Bain & Company
Ivan Di 2014 Onex | RBC Capital Markets
Mak Doric 2014 Goldman Sachs
Emily Ren 2014 HarbourVest Partners | RBC Capital Markets
Nicholas Bigelow 2014 Birch Hill | CIBC World Markets
Patrick Fong 2015 TPG Global | Evercore
Ryan Liu 2015 Google | Evercore
Ryan Yaraghi 2015 Searchlight Capital | Evercore
Stephen Caputo 2015 Barclays
Nolan Lypka 2016 Moelis | BMO Capital Markets
Olivier Babin 2016 Goldman Sachs | National Bank Financial
Stephen Toth 2016 Barclays
Luis Spradley 2016 Apollo | Moelis
Michael Brown 2017 RBC GLP
Christy Ma 2017 RBC Capital Markets
5
National Investment Banking Competition & Conference 2018
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
6
National Investment Banking Competition & Conference 2018
Reputed Corporate Partners
Past Participating Firms
7
National Investment Banking Competition & Conference 2018 8
Select VenuesN
IBC
2009
-2017
|P
AN
PA
CIF
IC–
SH
AN
GR
I-LA
–H
YA
TT
–D
RA
I’S
National Investment Banking Competition & Conference 2018
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
9
National Investment Banking Competition & Conference 2018
First Round Experience
Industry Primers
Key Characteristics, Competitive Analysis
Model Templates
DCF, Comps, Precedents, LBO, Transaction Model*
Technical Instructions
Based on Fully-Completed Case Solutions by Professionals
Pitchbook Instructions
Detailed Outline, Sample Pitchbooks, Past Finalist Videos
Research Guides
Recommended Sources for Information & Data
Career Resources
Practical Insights on Application Process & Interviews
Case Materials & Preparation Resources
10
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
ST
RO
UN
D | C
as
e D
eli
ve
rab
les
National Investment Banking Competition & Conference 2018
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.
National Investment Banking Competition & Conference 2018
Video Tutorials Library
12
The NIBC Live video portal provides
video tutorials & templates to
competitors in the 2018-2019 National
Investment Banking Competition.
Graduate & undergraduate students may
sign up teams of 2-4 students. Upon
registering for the First Round,
competitors can access
A selection of clips can be viewed under
the 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
National Investment Banking Competition & Conference 2018
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
13
National Investment Banking Competition & Conference 2018 14
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
National Investment Banking Competition & Conference 2018
Canadian Origin
15
Western
Canada
Select Past Participating Canadian Schools
National Investment Banking Competition & Conference 2018
International Expansion
Year
4
16
Select Past Participating European and Asian Schools
Select Past Participating American Schools
National Investment Banking Competition & Conference 2018
Board Members
17
Tracey McVicar
CAI
Private 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 Blockchain
Technologies
(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
(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
Markets
Vice 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
National Investment Banking Competition & Conference 2018
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) Hex 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
National Investment Banking Competition & Conference 2018
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
19
National Investment Banking Competition & Conference 2018 20
Appendix – Case Examples
National Investment Banking Competition & Conference 2018 21
Appendix – Case Examples
