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
National Investment Banking Competition & Conference 2017
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
National Investment Banking Competition & Conference 2017
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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National Investment Banking Competition & Conference 2017
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
National Investment Banking Competition & Conference 2017
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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National Investment Banking Competition & Conference 2017
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
National Investment Banking Competition & Conference 2017
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
National Investment Banking Competition & Conference 2017
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
Keynote SpeakerGala Dinner
Ian TelferGoldcorpChairman
Keynote SpeakerGala Dinner
Robert HerjavecShark TankLead Panelist
Keynote SpeakerWine & Cheese
Peter BrownCanaccord GenuityFounder & Chairman
Keynote SpeakerGala Dinner
Noah WintroubJ.P. MorganVice Chairman, IB
Keynote SpeakerOpening
Doug GuzmanRBC Capital MarketsGlobal Head, IB
Keynote SpeakerOpening
David TrujilloTPGHead, New Media
Deal PresentationAirBnB
Curt SigfsteadJ.P. MorganCo-Head, Technology
Keynote SpeakerOpening
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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National Investment Banking Competition & Conference 2017
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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National Investment Banking Competition & Conference 2017
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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National Investment Banking Competition & Conference 2017
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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National Investment Banking Competition & Conference 2017
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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National Investment Banking Competition & Conference 2017
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
National Investment Banking Competition & Conference 2017 16
Industry Recognition
Robert Herjavec & NIBC Team
Frank Giustra | Brett Wilson & NIBC Team
Peter Brown & NIBC Team
Corporate Sponsors & Panelists
National Investment Banking Competition & Conference 2017 17
Appendix – Case Examples
National Investment Banking Competition & Conference 2017 18
Appendix – Case Examples
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