national investment banking competition & conference · pdf filerespon wealth management...

National Investment Banking Competition & ConferenceNIBC 2017 Competition Overview

April 2017

Suite 300 Graybar Building | 420 Lexington Avenue | New York 10170

National Investment Banking Competition & Conference 2017

NIBC 2017 Organizing Team Welcome

Name Position Year Experience & AchievementsWilliam Liaw Director, Competition 4 Barclays Capital | HSBC GBM | MVP Soccer Provincial Champions

Cameron Strukoff Director, Case 4 Scotiabank GBM | Morgan Stanley | Team Captain Regional Badminton

Sofiia Salimova Director, Conference 2 AIESEC VP | Russian National Government Award for Academic Excellence

Jane Li Director, Marketing 4 Respon Wealth Management | Founder of Botrich Online Marketplace

Beca Yin Director, Operations 4 HSBC GBM | Finalist in New Silk Road North America Fashion Show

Alex Qu Associate, Case 4 Nomura | Macquarie Capital | Major Entrance Scholarship

Mathilde Ho Associate, Case 3 Scotiabank GBM | 1st place in Dragon Boat Canadian Championships

Matheus Sampaio Associate, Competition 2 Scotiabank GBM | Bronze Medal in International Mathematics and Physics Olympiads

Ali Geum Associate, Competition 2 Canaccord Genuity | Full Undergraduate Major Entrance Scholarship

Amir Zanjani Associate, Conference 3 Beta Financial Markets | Team Captain Municipal Men’s Hockey Team

Anna Zynyuk Associate, Marketing 2 Alpha Investments | Competitive National Dancer for Ukraine

Simon Hua Associate, Media 4 Founder of The Coding Bull Web Development | Founder of Hangr Fashion App

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The 2017 team looks forward to welcoming you to the NIBC 2017 Competition & Conference

NIBC 2017 Organizing Team

WilliamLiaw

Cameron Strukoff

Sofiia Salimova

Jane Li

Beca Yin

Matheus Sampaio

Ali Geum

Alexander Qu

MathildeHo

Amir Zanjani

Anna Zynyuk

Simon Hua


Invitation to NIBC 2017

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

FIRST ROUND: 4-week resolution starting September 25th 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: 64 finalist teams competing November 29-30th

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

NIBC aims to offer students from all backgrounds an opportunity to develop and apply their investment banking skills Upon registration, competitors will receive video tutorials, industry templates and interview training to prepare for the First Round

The Conference is designed to provide industry insights from distinguished speakers and build a strong professional network

The Competition design, models and templates are conceptualized by senior investment banking professionals

Valuation: DCF, trading comparables, precedents, LBOTransactions: Screening, structuring, implementationPitching: Presentation to board and managementEnvironment: High-performance teams working under time-pressure

Please visit NIBC.ca to register


Event Overview

CASE DCF, Comparables, Precedents, LBO Valuation | Strategic Client Review | Corporate Finance Transaction

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 (2009-2017)

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 Participation

Event Overview

Venue 5 Star HotelBudget $250,000Keynotes 2Deal Presentations 3Simulations 3Night Event TBD

Student AttendanceUniversities 100+

Competitors 1,600

Competition Finalists 250

Conference Delegates 150

Professional InvolvementBoard 15Judging Panels 30Workshops & Panels 25Wine & Cheese 70Gala Dinner 120

Total 150

Corporate PartnersInvestment Banks 17Private Equity Firms 4Asset Management 8Accounting/Law Firms 5Industry 9

Total Firms 43

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2017 Timeline

The First Round will take place in September & October with the Final Round held at the end of November

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Registration Opening

First Round Submission (October 22nd)

March – August 2017 September 2017 October 2017 November 2017

Final Round (November, 29-30th)

First Round Release (September 25th)

Competition Timeline:

Summer 4 Weeks 2 days

Skills DevelopmentOnline Resources

Valuation & Strategic OverviewAnalyst / Associate Perspective

Transaction AdviceDirector Perspective

Case preparation resources distributed online throughout summer

Research guides, video tutorials industry templates, interview training

DCF, Trading Comparables, Precedent Transactions, LBOs templates

Pitchbook and valuation model 40-60 selected for final round

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

8-hour slot to develop boardroom pitch Managing Director panel at Gala Dinner

Preparation First Round Final Round


A World Class Competition

NIBC invites students from all backgrounds to measure their skillset on a world stage

Notable Competing Schools

North American Universities

University of PennsylvaniaColumbia UniversityStanford UniversityNew York UniversityMassachusetts Institute of TechnologyCornell UniversityYale UniversityDartmouth CollegeUC BerkeleyQueen’s UniversityUniversity of Western OntarioUniversity of Toronto

International UniversitiesLondon Business SchoolCambridge UniversityUniversity of OxfordHEC ParisIE Business SchoolUniversity of MelbourneNational University of SingaporePeking UniversityUniversity of Hong KongChulalongkorn UniversityIndian Institute of ManagementIPADE Business School

Geographic Expansion

160

480588

947

1438

2011 2012 2013 2014 2015

Out of BC BC

Competition Winners

Shizu Okusa 2010 Goldman SachsDerek Ching 2010 Goldman Sachs | GMPNavtej Sidhu 2010 Scotiabank GBMJordan Pandoff 2011 BMO Capital Markets Alex White 2011 TD SecuritiesHaroon Chaudhry 2011 BMO Capital MarketsJeremy Beadow 2011 BMO Capital Markets | Scotiabank GBMJeff McLay 2012 Onex | CIBC World MarketsIan Sinclair 2012 TD SecuritiesAman Malik 2012 Credit Suisse | BMO Capital MarketsGregory Jones 2012 BMO Capital MarketsShaaj Vijay 2012 RBC Capital MarketsStephen Ou 2012 RBC Capital MarketsKevin Zhou 2013 Och-Ziff Capital | Goldman SachsKevin Gryp 2013 Silver Lake Partners | SteadfastFeroz Qayyum 2013 Hellman & Friedman | Evercore PartnersLewis Peattle 2013 Bain & CompanyIvan Di 2014 RBC Capital Markets | OnexMak Doric 2014 Goldman SachsEmily Ren 2014 RBC Capital MarketsNicholas Bigelow 2014 CIBC World MarketsPatrick Fong 2015 Evercore Partners | UBSRyan Liu 2015 Evercore PartnersRyan Yaraghi 2015 Evercore PartnersStephen Caputo 2015 BarclaysNolan Lypka 2016 BMO Capital MarketsOlivier Babin 2016 Goldman SachsStephen Toth 2016 BarclaysLuis Spradley 2016 Moelis & Company

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Preparation Resources

Industry PrimersKey Characteristics, Competitive Analysis, Transaction Data*

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 & Resources

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Expectation & Evaluation

Competitors receive access to resources to prepare for the first round and develop “client-ready” materials

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 Transactions

First Round Deliverable: Corporate Strategic Review

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

Upon registration, competitors receive resources to develop applied investment banking skills and prepare for the First Round

*Final Round Case


Cases

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

Research Concepts Assigned to CompetitorsStrategic & 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 OutputsPremium 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)

Restructuring Acquisition Acquisition MergerValuation Acquisition Financing Valuation

Selected Past Case Topics

Sports Apparel Mining Video GamesGaming Film

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Telecom & MediaGamingMining


Notable Industry Representatives

Many high-profile speakers have volunteered their time to speak to students during the NIBC Final Round

Notable Speakers (2009-2016)

Frank GiustraLions Gate EntertainmentFounder & CEO

Keynote SpeakerGala Dinner

W. Brett WilsonFirst Energy CapitalCo-Founder & Chairman


Ian TelferGoldcorpChairman


Robert HerjavecShark TankLead Panelist

Keynote SpeakerWine & Cheese

Peter BrownCanaccord GenuityFounder & Chairman


Noah WintroubJ.P. MorganVice Chairman, IB

Keynote SpeakerOpening

Doug GuzmanRBC Capital MarketsGlobal Head, IB


David TrujilloTPGHead, New Media

Deal PresentationAirBnB

Curt SigfsteadJ.P. MorganCo-Head, Technology


Registration & Refreshments

Overview of Full-Service Investment Bank

Sales and Trading Simulation

Lunch Break

Investment Banking Simulation Private Equity Simulation

Refreshments Break

MDA Simulation Winner Announcements

Transactions Market Update

Competitor Reception

Light Refreshments

Morning Keynote Speech

Investment Banking Deal Presentation

Capital Markets Update

Investment Banking Q&A Panel

Lunch Break

Buy-Side Q&A Panel

Alternative Investments Deal Presentation

Wine & Cheese Keynote Speech

Wine & Cheese Networking

Gala Dinner Keynote & Final Judging Round

Closing Reception for Professionals

Evening Event

Day

1 –

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ay 2

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History & Growth

Since inception in 2009 NIBC has attained global recognition from renown schools, sponsors & speakers

2009 2011 2013 2015British Columbia National North America International

25 Finalists(UBC/SFU)

37 Finalists160 First Round

(100% CDN)200 Gala Dinner Guests

(Students & Professionals)

98 Finalists588 First Round

(20% US, 1% Intl) 300 Gala Dinner Guests

(Students & Professionals)

200 Finalists1,438 First Round (41% US, 16% Intl)

500 Gala Dinner Guests (Students & Professionals)

1-Day Event3 IB Firms Represented

1.5-Day Event10 Workshops1 Simulation

6 IB Firms Represented

2-Day Event4 Workshops3 Simulations

12 IB Firms Represented

2-Day Event3 Deal Presentations

3 Simulations21 IB & PE Firms Represented

Teck Resources (President & CEO)CIBC (Regional Co-head)Macquarie (CEO, Canada)

FirstEnergy (Co-Founder)RBC (Head, IB)

CIBC (Co-Head, Wholesale)PH&N (VP, Fixed Income)

Lions Gate (Founder & CEO)JP Morgan (Co-Head of Tech IB)

Shark Tank (Lead Panelist)TPG (Head of New Media)RBC (Managing Director)

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NIBC Board Members

Nicole DeeSilver Point (Goldman Sachs)Analyst

Case Committee

Tracey McVicarCAIPrivate EquityManaging Partner

Board Member

Kathy ButlerCIBC World MarketsManaging Director

Board Member

Scott PowellMDA TrainingPresident

Board Member

Chris TsoromocosTrafalgar Partners(Stern Partners)Managing Director

Board Member

Rizvan DhallaMorgan StanleyManaging Director

Board Member

Harry PokrandtEspresso Capital(Macquarie)Managing Director

Board Member

Jordan AndersonbcIMC(TD Securities)Portfolio Manager

Board Member

Philip ChuaMacquarie (2016)(UBS)

Case & Oversight Committee Chair

Michael ScottRBC Capital MarketsDirector

Board Member

Amardeep ChandiCaspian Capital(KKR)(Morgan Stanley)Analyst

Board Member

David LamMacquarie CapitalAssociate

Case Committee

Noam GileadJ.P. MorganAssociate

Oversight Committee

Charles WongCanaccord GenuityAnalyst

Oversight Committee

Nicole PontoJefferiesAnalyst

Oversight Committee

Haroon ChaudhryBMO Capital MarketsAssociate

OversightCommittee

Brenden LeeOaktree (2016)(Evercore)

Case Committee

Martin HaakonsenTD (2017)Associate

Board Member

NIBC Board Members Case Committee Oversight Committee

Gint AustrinsGlobal Securities(UBS)Equity Analyst

Board Member

Dipak KamdarMcKinsey & Co.(RBS)Associate

Board Member

Board members have supported the competition since inception and served on past organizing teams

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Year Work ExperiencePhilip Chua 2010 Macquarie | UBS Investment BankAmardeep Chandi 2010 Caspian Capital | KKR | Morgan Stanley Dipak Kamdar 2010 McKinsey & Co. | Maybank | RBSJenny Hu 2010 McKinsey & Co. | Partnerships BCNoam Gilead 2010 J.P. Morgan | RBC Asset ManagementGint Austrins 2011 Global Securities | UBS Investment BankJacky So 2011 Barclays Capital | BAML Sean B. McNulty 2011 XIB Financial | CIBC World MarketsJose A. Gonzalez 2011 Mitsubishi UFJ | Citi | Leith WheelerKatherine Barends 2011 Adidas | CIBC Wood Gundy Martin Eston 2011 RBC Capital Markets | Fulcrum CapitalCarl F. Stange 2012 SEB Investment Bank | Morgan StanleyJessica Zhang 2012 Houlihan Lokey | BAMLAmelia Lak 2012 Goldman Sachs | RBC Capital MarketsSara Keng 2012 TD Securities | CIBC World Markets | KPMGAndra Bosneaga 2012 RBC Capital Markets | CIBC World MarketsMartin Haakonsen 2012 TD Securities | Elkjop ASVina Yiu 2012 BAML | Morgan StanleyTerence Kwan 2012 McKinsey & Co. | Canaccord GenuityDavid Lam 2013 Macquarie Capital | GE Capital Brenden Lee 2013 Oaktree Capital | Evercore PartnersJasmin Kirk 2013 Lane Crawford | Rabobank John Sanden 2013 RBC Capital Markets | Connor, Clark & LunnCharles Wong 2013 Canaccord Genuity | HSBC Carmen Chan 2013 Citi | Global SecuritiesPiper Hoekstra 2013 Connor, Clark & Lunn | CIBC World MarketsDerek Dodd 2013 KKR | RBC Capital MarketsJennifer Liu 2013 Goldman Sachs | RBC Capital Markets

Year Work ExperienceGarrett Clyne 2014 TD Securities | Bentall KennedyLouisa Yeung 2014 Deloitte | TD SecuritiesMcKenzie Milhousen 2014 Morgan Stanley | Goldman SachsTaylor Carkner 2014 CIBC World Markets | Fulcra AssetsChris Wong 2015 BMO Capital Markets | TD SecuritiesNicole Dee 2015 Silver Point Capital | Goldman Sachs Leanne Li 2015 Scotiabank | Sun Life Financial | HSBC Juliet Zhu 2015 HSBC | Silicon Valley BankSandra Woo 2015 AGF Investments | Global Securities Clarabel Luk 2015 PwC | Wesgroup PropertiesSoroush Karimzadeh 2015 Novarc Technologies | AndritzJennifer Jordache 2015 CPPIB | BAMLKarsten Lee 2015 GMP FirstEnergy | HSBC Global BankingHovy Qiu 2015 GF Capital | Bank of CommunicationNicole Ponto 2015 Jefferies | CIBC Wood GundyOlya Kubliy 2016 RBC Capital Markets Joseph Liu 2016 Tricor Pacific | Cormark SecuritiesLucien Lu 2016 Ardenton Capital | Regimen Capital Partners Jonathan Young 2016 RBC Global Asset ManagementJamie Farrell 2016 Macquarie CapitalJessica Ljustina 2016 RBC Capital MarketsJosh Dogor 2016 OTPPCameron Strukoff 2017 Scotiabank GBM | Morgan StanleyWilliam Liaw 2017 Barclays Capital | HSBC GBMMathilde Ho 2017 Scotiabank GBM | CanalystMatheus Sampaio 2017 Scotiabank GBM Alexander Qu 2017 Nomura | Macquarie CapitalBeca Yin 2017 HSBC GBM

Organizing Team Network

NIBC is also supported by a global network of past organizing team members

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Canadian Footprint

Competition Participation Geographic Distribution Academic Distribution

EasternCanadaEasternCanada

Universities 100+

Competitors 1,600

Competing Teams 400

WesternCanada

EasternCanada

WesternCanada

EasternCanada

Western Canada

18%

Eastern Canada

19%US

47%

Asia12%

Europe3%

Other1%

Year 1

Year 2

Year 3

Year 4

MBA

Undergraduate 61%

MBA 39%

Selected Participating Canadian Schools

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Selected Participating American Schools

Selected Participating International Schools

International Footprint

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National Investment Banking Competition & Conference 2017 15

University of British Columbia University of WaterlooQueen’s UniversityUniversity of Western Ontario University of Toronto York University

University of Chicago Dartmouth CollegeCornell UniversityNew York University

University of California, Berkeley

Columbia University

University of Michigan

Boston University

University of Pennsylvania

University of California, LA Northwestern University Purdue University Georgetown UniversityDuke University

Stanford University Yale University Massachusetts Institute of Technology

Nyenrode Business University

London Business School University of Hong KongUniversity of Oxford

Chinese University of Hong Kong University of Melbourne

University of Cambridge

Hong Kong University of Science & Technology

HEC Paris

National University of Singapore

IE University

Singapore Management University

Brown University

City University of Hong KongUniversity of Manchester University of Mumbai Foreign Trade University University of Los AndesIndian School of Business

Academic Partners

Selected Participating Schools

McGill University


Industry Recognition

Robert Herjavec & NIBC Team

Frank Giustra | Brett Wilson & NIBC Team

Peter Brown & NIBC Team

Corporate Sponsors & Panelists


Appendix – Case Examples

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