NPL Europe 2017 autumn - PLMJ Advogados - Sociedade …€¦ · 28-29 September, London - Radisson Blu Portman Hotel 6th Annual Summit NPL Europe 2017 AUTUMN CONFERENCE Block Sponsors

Q&A with the EBA & major

Investors

400+

delegates

30+ countries

The leading

Pan-European event for the

Non-Performing Loans market

28-29 September, London - Radisson Blu Portman Hotel

6th Annual Summit

NPL Europe 2017 AUTUMN CONFERENCE

Block Sponsors

Media Partners

Standard Sponsors Associate Sponsors

Premium SponsorsMain Partner

2

SPeAkerS INcLude


28-29 September, London

and many more..

Ines RochaEBRD

Manuel EnrichSareb

Matei FilipidescuErste Group

Bank

Nick SmithBank of Cyprus

Natalia KeserovaPostbank

Federico MonteroEvercore

Curra MunueraCMS

Slavka EleyEuropean Banking

Authority

Simón Castellá Högbom

Banco Sabadell

David BeckettSC Lowy

Phil GrovesDAC Management

Laura GaspariniBanca IFIS

Oliver FaakNORD/LB

Aleksey TeslenkoFirst Collection

Bureau

Jelena Jović Milentijević

EOS

Vladan TekicNLB

Paulo MerinoDeloitte

José FerrísBBVA Corporate

& Investment Banking

Mehdi KhouadjaRaiffeisen Bank

International

Sezin Yener Unludogan

Güven Varlık Yönetim

Alessandro GattoJPMorgan Securities

Gifford WestDebtX

Matteo BozzoKKR

Igor BudnykNational Bank of

Ukraine

Alberto SondriCRIF

Nikolay GolubevBain Capital Credit

Dougal WiseDeutsche Bank

Matt HansenAtlas Merchant

Capital

Alan HerjavecHrvatska

poštanska banka

Wilhelm HammelSitus

José BreñaUniCredit Bank

Natalia JoubrinaCarVal Investors

Laurent SamsonBarclays

Oskar von KretschmannHSBC Bank

Josh SilverAPartners Capital

Hilmi GüvenalHayat Varlık

Turkey

Massimo RuggieriElliott Advisors

Alessandro Fiascaris

Blackstone

Fabio LongoBain Capital

Giulio PassanisiTPG Capital

Iñigo Velázquez Bankia

Jurgen de Ruijter Erste Bank

Turkey

Italy

Spain

Portugal

Greece & Cyprus

CEE & SEE

China

Ukraine



402Participants

204Companies

2504messages sent

30Countries

258meeting invites

accepted

The LAST edITIoN of ThIS eveNT INcLuded:

3

Includes discussions on ALL markets in europe, with special sessions on the following countries:

The 6th edition of the NPL Europe autumn conference once again brings together a high-quality line-up of key Investors, Originators, Servicers and Advisors from more than 30 countries operating in Europe’s booming NPL market.

Taking place in London’s Mayfair, we are already discussing content with key partners. If your company would like to be active in the programme, please contact us as soon as possible.

INTro



4

REsERvE youR sEAt now

More ThAN 10 MAjor INveSTorS Now coNfIrMed

Programme at a glanceNPL Europe 2017

AUTUMN CONFERENCE28-29 September, London

Day 1Main Ballroom Room 2 Room 3

Block 1 reSoLvINg euroPe‘S debT MouNTAIN

Block 2 buy-SIde MArkeT deveLoPMeNTS

SeLL-SIde MArkeT deveLoPMeNTS

Block 3 focuS oN ITALy

focuS oN cee & See

focuS oN SPAIN

Block 4 focuS oN PorTugAL

focuS oN Turkey

workShoPhosted by cMS

Block 5 focuS oN greece & cyPruS focuS oN ukrAINe focuS oN chINA

Block 6 debT PurchASINg

Day 2Block 7 INveSTMeNT

STrATegIeS 2018

Block 8 eMergINg vs MATure MArkeTS reAL eSTATe

Block 9 ShIPPINg NPLs coNSuMer & SMe LoANS

Block 10 The fuTure of bANkINg

5

See full programme on following pages..

09.00 keyNoTe: STRATEGIES TO CLEAN UP THE BALANCE SHEETS OF EUROPEAN BANKS

BLOCK 1 TAckLINg The Two TrILLIoN: how To reSoLve euroPe’S debT MouNTAIN

09.15 KEYNOTE PANEL: A DISCUSSION WITH INDUSTRY TITANSWhat impact will new legislation such as SSM guidelines and IFRS 9 have on the stock, provisioning and •management of NPLs?Is there a real case for a pan-European AMC?•Who will ultimately absorb losses in key markets such as Italy and Greece?•The macro view: how will developments in the economic and political landscape shape the market over •the next 12 months?

10.00 1-HOUR NETWORKING BREAK

BLOCK 2 buy-SIde/SeLL-SIde chALLeNgeS & oPPorTuNITIeS – choice of 2 rooms

BUY-SIDE MARKET DEVELOPMENTS

Room 1

SELL-SIDE MARKET DEVELOPMENTS

Room 2

11:00 ASSESSING OPPORTUNITIES IN DIFFERENT ASSET CLASSES: CRE, UNSECURED, SHIPPING, UTPS, ETC

11:00 CHOOSING THE RIGHT WIND-DOWN MODEL: LESSONS-LEARNED & KEY CHALLENGES

11:15 PANEL DISCUSSIONWith IRRs coming down, what does this mean for •Investors? Will the Hedge Funds exit the market?Are we seeing new types of Investors entering the market •such as Real Estate Funds? Are banks in a position to sell? Are they better provisioned •and are there more leverage providers ready to support transactions?How sophisticated are the banks in their approach to •portfolio segmentation and Workout management?

11:15 PANEL DISCUSSIONWhat is the real gap in returns between Workout and •portfolio Sales?What impact will the transition to IFRS 9 and SSM •guidelines have on the valuation and categorisation of NPLs/NPEs?Is there still significant interest from Investors? Is there a •change in Investor type?Do Banks implement different NPL Workout Units for •different phases of the NPL life cycle?

12.00 15-MINUTE ROOM CHANGE

BLOCK 3 focuS oN couNTrIeS – choice of 3 rooms

ITALYRoom 1

CEE / SEERoom 2

SPAINRoom 3

12:15 THE REGIONAL ITALIAN NPL MARKET: IDENTIFYING LOCAL DIFFERENCES IN ASSET QUALITY & STOCK

12:15 ASSESSING CURRENT OPPORTUNITIES IN THE REGION: SERBIA, CROATIA, POLAND, HUNGARY & MORE

12:15 A REVIEW OF THE SERVICING ENVIRONMENT IN SPAIN

6

Day 1 28th September 2017



ITALy - Room 1 cee / See - Room 2 SPAIN - Room 3

12:30 PANEL DISCUSSIONJVs, Champion Servicers, market •consolidation - how is the Servicing environment developing in Italy?What progress has been made •in the areas of data quality, enforcement procedures and bid-ask spreads?Inflows & Outflows - UTPs & Past-•due: how is the stock of NPLs developing in Italy?With just 2-3 years to clean the •Loan Books of Italian Banks, who will ultimately absorb the losses?

12:30 PANEL DISCUSSION What enforcement, regulatory & tax •considerations are there for Buyers and Sellers in the region?What is the typical gap between •Workout return and Sales return?What asset types are coming to the •market and where?Are there sufficient local partners •with the necessary resources and expertise to build quality Service Platforms?

12:30 PANEL DISCUSSION How is the Spanish economy •developing and what impact is this having on transactions?What is the current stock of NPLs •by asset class, quality, geography and attractiveness to Investors and what now for the market?What impact have recent legal •developments had on the NPL market?What impact could a high •forbearance ratio in Spain have on the stock of NPLs?

13.15 NETWORKING LUNCH

BLOCK 4 focuS oN couNTrIeS & workShoP – choice of 3 rooms

PorTugAL - Room 1 Turkey - Room 2 workShoP - Room 3

14:15 THE NPL STOCK IN PORTUGAL: RIPE FOR A NEW WAVE OF ACQUISITIONS?

14:15 THE DISTRESSED DEBT MARKET IN TURKEY: NEW DEVELOPMENTS & NEW OPPORTUNITIES

14:15 MAJOR LEGAL AND TRANSACTIONAL TOPICS IN MULTI-JURISDICTIONAL NPL TRANSACTIONS IN CEE: A BUYER‘S PERSPECTIVE

Details to be confirmed soon14:30 PANEL DISCUSSION

What is the current stock of NPLs •in Portugal and is there an appetite to bring them to market?What are the key obstacles to •deleveraging and how much activity is expected over the next 2 years?Is there a significant price gap •in Portugal and how can this be overcome?How is the economy developing in •Portugal and what impact will this have on deleveraging?How does the forbearance ratio •in Portugal compare with other markets and what impact will this how on future inflows of NPLs?

14:30 PANEL DISCUSSION How is the macroeconomic & •political environment developing in Turkey and what impact is this having on the Distressed market?What strategies have the banks •traditionally adopted to deleverage and how open are they now to transactions?How is the Servicing environment •organised in Turkey and beyond the leading AMCs, what resources are available to Investors?What is the quality, volume and •type of asset likely to come to market and what are the key obstacles to value-extraction?

7




15.15 NETWORKING COFFEE BREAK

BLOCK 5 focuS oN couNTrIeS – choice of 3 rooms

GREECE & CYPRUSRoom 1

UKRAINERoom 2

CHINARoom 3

15:45 SERVICING CHALLENGES IN GREECE

15:45 THE POLITICAL, LEGAL & REGULATORY ENVIRONMENT IN UKRAINE

15:45 $3TN OF NPLS: UNDERSTANDING THE CHINESE BANKING ENVIRONMENT & THE RISE OF NPLS

16:00 CYPRUS: UNDERSTANDING THE OBSTACLES TO DELEVERAGING

16:00 AN ASSESSMENT OF KEY OBSTACLES TO TRANSACTIONS IN UKRAINE

16:00 PANEL DISCUSSIONEstimates suggest the volume of •NPLs in China has swelled to $3tn. Is this correct and how much of an opportunity does this present?Can Private Funds enter the •Chinese market without the assistance of significant local partners?SOE (State Owned Enterprise) debt •stands at 115% of GDP: how can this be resolved?What are the key obstacles to •transactions and what part will the state play in the deals process?Is there an existing community of •Servicers and what resources and expertise do they have?

16:15 PANEL DISCUSSIONWith a Grexit still a possibility, how •is economic uncertainty affecting investor appetite?Will the awarding of new licences •in Greece result in the creation of Champion Servicers?What is the quality of assets in •Cyprus and what Servicing models have been used to extract value?Reports suggest the Banks have •successfully accelerated their Workout activity over the last 2 years. Is there any evidence for this?

16:15 PANEL DISCUSSIONWhat is the quality and volume of •the NPL stock in Ukraine?What levels of resources are there •on the ground to successfully extract value from portfolios?How can data quality be improved •in Ukraine?Is Ukraine a high-risk market and •therefore, are there possibilities of high returns?


BLOCK 6 debT PurchASerS’ PANeL

17.00 PANEL DISCUSSIONAs part of business model diversification and geographical expansion, can we expect to see further •market consolidation amongst DPs? What new territories are DPs interested in?•Into which new asset classes are DPs moving in order to diversify and where are the healthiest returns to •be achieved?What are the key drivers to business growth for the DPs and how is the current economic and political •environment shaping this?

17.45 END OF DAY 1 – COCKTAILS

8




BLOCK 7 INveSTMeNT STrATegIeS 2018

09.00 KEY FACTORS INFLUENCING INVESTMENT DECISIONS IN 2018

09.15 PANEL DISCUSSIONHow much capital have each of the panellists raised for investment in NPLs and other distressed debt in •2018?Where and for what type of assets will the panellists invest?•What type of returns do the panellists expect to achieve and what are their biggest concerns in terms of •value extraction?What new trends in investment and servicing have the panellist witnessed over the last year?•

10.00 ONE-HOUR NETWORKING BREAK

BLOCK 8 eMergINg vs MATure & reAL eSTATe – choice of 2 rooms

EMERGING vs MATURE MARKETS

Room 1

REAL ESTATERoom 2

A side by side look at the Portuguese and Spanish markets

11:00 STABILIzING AND REMARKETING CRE ASSETS TO MAXIMIzE RESALE VALUE

11:00 PANEL DISCUSSIONWhat are the core regulatory and legislative differences •each market is facing?

What are the current bid-ask gaps in Portugal and how has •this issue been managed in Spain?

Will secured and unsecured markets mature independently •as has been the case in Spain?

How will servicing platforms develop in Portugal? What •have we learned from the Spanish experience?

What is the appetite for Portuguese banks to sell and how •well are their Workout functions prepared?

11:15 PANEL DISCUSSIONAre we at the bottom of the market, in terms of pricing, •or should we expect further deterioration?

Hospitality : Distressed hotels vs distressed hotel deals: •what are Investors looking for?

Where are the large concentrations of distressed CRE •assets in Europe and what opportunities exist for investors?

How difficult is it to price residential portfolios and •what returns are achievable?

How are economies developing in Southern Europe and •what impact does this have on market prices?


9




BLOCK 9 coNSuMer/SMe LoANS & ShIPPINg NPLs – choice of 2 rooms

SHIPPING NPLsRoom 1

CONSUMER & SME LOANSRoom 2

12:15 KEY DRIVERS & CHALLENGES: AN OVERVIEW OF THE DISTRESSED SHIPPING MARKET

12:15 DEVELOPING AN EFFECTIVE PRICING MODEL FOR UNSECURED LOAN PORTFOLIOS

12:30 PANEL DISCUSSIONWhich segments of shipping are currently showing distress •and is there now a weakening across other segments such as tanker, offshore and cargo?What strategies are the banks using to deleverage and is •there a need for a Plan B?What is the outlook for the charter market over the next 2-3 •years?Where are there opportunities for Investors, what are the •risks and how can the bid/ask gap be reduced?

12:30 EXTRACTING VALUE FROM SME PORTFOLIOS

12:45 PANEL DISCUSSIONWhere are there opportunities in Europe for the •acquisition of Consumer portfolios and what returns are achievable?How is Consumer spending developing throughout •Europe and what does this mean for the unsecured debt market?Servicing: what are the key elements to a best-practice •debt collection solution?

13.15 LUNCH

BLOCK 10 The fuTure of bANkINg

14.15 THE RISE OF CHALLENGER BANKS AND OTHER KEY DEVELOPMENTS IN THEEUROPEAN BANKING LANDSCAPE

14.30 PANEL DISCUSSION: WHAT NEXT FOR THE GLOBAL NPL MARKET?Fintech Digital Banking vs Legacy banking: what will banks look like in the near future?•What factors are transforming the Banking environment in Europe and how are the Banks reacting?•IFRS 9, SSM, MiFID, CRD IV – how are regulatory challenges causing change?•Ring-fencing: when will we start to see the significant sell-off of key divisions and assets?•

15.00 END OF CONFERENCE

10




This Event Last Year

11



402Participants

204Companies

2504messages sent

30Countries

258meeting invites

accepted

12

If you would like to get involved in any of the panels, give a short presentation or become a Sponsor, please contact us as EARLY as possible whilst there are still places available.

why becoMe A SPoNSor

geT INvoLved eArLy ANd ShAPe The ProgrAMMe to the issues and topics most important to you

P

IMProve AwAreNeSS of your brANd by advertising to a select group of companies actively involved in the regional NPL marketP

P be ‘oN STAge’, IN The drIvINg SeAT: MeeT feLLow PANeLLISTS, SPeAkerS ANd ModerATorS - engage directly with anyone in the audience maximising the return on your investment at the event.

P uSe The oPPorTuNITy for you and your company to be seen as leading experts in the field

Speaker & Sponsorship Opportunities



A QUOTE FROM oNe of our PAST SPoNSorS

Terrific conference, very well organised with excellent topics and amazing panelists. I was very happy to see so many

investors among the many attendees.

denise r. hamer, Partner, dLA Piper - MAIN PARTNER

13

Standard entrance fee: £ 1699 GBP + VAT

REGIstRAtIon

Register online atwww.smithnovak.com/NPL17 +420 222 560 [email protected]

PLACES

ARE LIMITEDBook early!

uSe our 121 MeSSAgINg APP To MeeT New buSINeSS PArTNerS

To send messages and arrange meetings with other delegates, we have developed a web-based Networking App specifically for this event. Simply search through the list of companies, find key individuals and start arranging meetings with new clients!

Search through the list of companies attending

Find individuals and send & receive meeting requests and messages. Build your own schedule of meetings.



Documents

NPL Europe 2017 autumn - PLMJ Advogados - Sociedade …€¦ · 28-29 September, London - Radisson Blu Portman Hotel 6th Annual Summit NPL Europe 2017 AUTUMN CONFERENCE Block Sponsors