HIGHLIGHTS OF 2016:• Case study updates from major projects in the region including;

renewables, maritime, public transport and social infrastructureschemes

• Explore the different financing models and mitigate various risksfor mega projects to ensure success

• Benchmark against other major EU infrastructure projects forbest practice and optimal model

PLUS TWO INTERACTIVE HALF-DAY PRE-CONFERENCE WORKSHOPSTuesday 22nd November 2016, Mövenpick Hotel, Amsterdam, Netherlands

@SMiFinance#beneluxconf

A: Project risk management: Risk impact and lessons from Solvency II

Workshop Leaders:Michiel van Klingeren, Senior Consultant Risk Finance, Aon

and Roeland van der Zee, Senior Consultant, Aon 08.30 - 12.30

B: Managing complex PPP infrastructureprojects in Belgium and the Netherlands

Workshop Leaders:Ciska Servais, Partner and Head of Real Estate, Astrea Law

Dieter Veestraeten, Partner and Head of Banking and FinanceDepartment, Astrea Law

13.30 - 17.30

Mövenpick Hotel, Amsterdam, Netherlands

BeneluxSMi presents the 15th annual...

Infrastructure Forum

INDUSTRY LEADING EVENT

REGISTER BY 30TH JUNE TO SAVE £300 • REGISTER BY 30TH SEPTEMBER TO SAVE £100

CHAIRS FOR 2016:• Jeroen Kies, Assistant General Manager, Sumitomo Mitsui Banking

Corporation, Europe Limited• Willem Stitselaar, Managing Director, Macquarie Capital

EXPERT SPEAKER PANEL INCLUDES:• Peter Jacobs, Head of Project Finance Western Europe,

European Investment Bank

Economic and Financial Affairs • Paolo Geurtsen, Director Project Finance - Treasury and Finance,

VolkerWessels• Remcovan Duuren, Finance Manager, Dura Vermer• Tim De Knegt, Manager Strategic Finance and Treasury,

Port of Rotterdam• Erik Jan Snik, Coordinator PPP Programme,

Ministry of Finance Netherlands

Workshops:22nd

Conference:23rd - 24th

NOV 2016

Sponsored by

• Giorgio Chiarion Casoni, Head of Unit, European Commission DG

To attend, contact Andrew Gibbons on Tel +44 (0) 20 7827 6156,Fax +44 (0) 20 7827 6157, email agibbons@smi-online.co.uk

GROUP DISCOUNTS AVAILABLEor visit www.smi-online.co.uk/ts13.asp to register online

Norton Rose Fulbright is a global law firm. We provide the world’s pre-eminentcorporations and financial institutions with a full business law service. We have3800 lawyers and other legal staff based in more than 50 cities across Europe,the United States, Canada, Latin America, Asia, Australia, Africa, the MiddleEast and Central Asia. Recognized for our industry focus, we are strong acrossall the key industry sectors: financial institutions; energy; infrastructure, miningand commodities; transport; technology and innovation; and life sciencesand healthcare. www.nortonrosefulbright.com/nl

Benelux Infrastructure Forum Day One | Wednesday 23rd November 2016

Register online at www.beneluxconf.com

08.30 Registration & Coffee

09.00 Chairman's Opening Remarks Jeroen Kies, Assistant General Manager, Sumitomo Mitsui

Banking Corporation, Europe Limited

OVERVIEW OF THE BENELUX MARKET

KEYNOTE ADDRESS: 09.10 Major trends and current developments with the project

financing market • Insight into the typically closed Benelux market - Market snapshot - Where should investment be directed? • Looking at PPP and offshore wind • A view into adjacent sectors and the subsequent impacts

on the project financing market • Conclusions and future projections Jeroen Kies, Assistant General Manager, Sumitomo Mitsui

Banking Corporation, Europe Limited

09.50 Dutch government overview: The current state of PPP in the Netherlands

• Outline of recent developments • An update on the PPP market in the Netherlands • Current and future projects • What measures have the Dutch Government taken to

ensure the best deals for all parties Erik Jan Snik, Coordinator PPP Programme,

Dutch Ministry of Finance

10.30 Morning Coffee

11.00 Exploring PPP in the Belgian market • Brief overview of the most important PPP projects in

financial close or construction • The current trends of the Belgian market - What are the obstacles preventing new infrastructure

projects? - How can these be overcome? • Updates on legislation and process and evaluating their

impacts on the PPP market Kit Van Gestel, Policy Advisor, Flemish PPP Knowledge Centre

MEGA PROJECT INFRASTRUCTURE FINANCING

11.40 Energy financing: 'A look at the energy and infrastructure gap' • Offshore wind deals: - Emerging financing trends - Recent case study of an offshore wind farm • Renewables in the Benelux - Recent projects - Future pipeline • Financing new technologies - Offshore getting bigger and bigger - Floating wind and tidal Willem Stitselaar, Managing Director, Macquarie Capital

12.20 Networking Lunch

ROUNDTABLE DISCUSSION:13.20 Assessing the future role of renewables in the

Benelux market • What do you think explains the increased level

of activity in the renewables market? • Will the recent delays to some projects have an

effect on the upcoming pipeline? • What do you think the advantages and potential pitfalls

of increased standardisation are? • How long will the rise of renewables last? - Could new areas of this sector take centre stage anytime soon? - Is there potential in tidal infrastructure? Nick Gardiner, Managing Director and Head of Offshore

Wind, Green Investment Bank

CASE STUDIES FROM THE FLEMMISH MARKET

14.00 Nobelwind, the second phase of the Belwind offshore park • Overview of project - Procurement procedures and compliance with directives • Financing structure - A look into the credit enhancement schemes • Challenges faced and how they were overcome - Insight in to the project bond solution • Lessons learned Francois Van Leeuw, CEO, Parkwind

CASE STUDIES FROM THE NETHERLANDS

14.40 Portfolio management and investment strategies in a world intransition

• How to accommodate portfolio management for new for the old and new economy

• Use portfolio management to pursue strategic goals • Low rate environment: How we use the benefits? Tim De Knegt, Manager Strategic Finance and Treasury,

Port of Rotterdam

15.20 Afternoon Tea

15.50 Limmel Lock PPP project and Beatrix lock PPP project: Update of the projects, now in financial close • Comparison of the projects - Financing structure - Challenges faced and how they were overcome - Lessons learned • The current state of PPP procurement in the Netherlands • Tailoring in an evolving standardised approach Philip Van Ginderachter, Head Project Finance, KBC Bank

16.30 IJmuiden sea lock expansion under PPP: Managingstakeholders for PPP success

• Overview of project - Financing structure - Challenges faced and how they were overcome - Lessons learned • The wants and needs of the different stakeholders • Defining success: What does this mean to each party involved Ewout Krijger, Executive Director for Infrastructure and Project

Finance, Rabobank

17.10 Chairman's Closing Remarks and Close of Day One

www.benelu

Official Media Partner Official PublicationsSponsored by

SPONSORSHIP OPPORTUNITIESSMi offer sponsorship, exhibition, advertising and branding packages, uniquely tailored to complement your company’s marketing strategy.

Should you wish to join the increasing number of companies benefiting from promoting their business at our conferences please call: Andrew Gibbons on +44 (0) 20 7827 6156 or email agibbons@smi-online.co.uk

08.30 Registration & Coffee

09.00 Chairman's Opening Remarks Willem Stitselaar, Managing Director, Macquarie Capital

FUNDING OPPORTUNITIES

KEYNOTE ADDRESS09.10 The investment plan for Europe: Update on the Juncker plan • European Fund for Strategy Investments (EFSI) – €315 billion

of investment • Overview of the first 18 months of the Juncker plan • How to encourage more risk taking from investors - assessing the opportunities available to investors • The overall impact of the investment plan Giorgio Chiarion Casoni, Head of Unit, DG Economic and

Financial Affairs, European Commission

09.50 EIB involvement and their role as catalyst for project funding • Evaluating the varying success in project financing - What’s hot and what’s not • Assessing whether the steady market will continue: - A look into the pipeline - How to avoid another crisis • Has the European funding landscape irrevocably

changed? - Case studies: Gemini offshore wind farm and increased

capacity for Rotterdam portPeter Jacobs, Head of Project Finance Western Europe,European Investment Bank

10.30 Morning Coffee

ROUNDTABLE DISCUSSION:11.00 The various financing options available:

Is the funding market changing? • Overview of current financing structures used • Assessing the strengths and weaknesses of classical

PF structures, Holdco financing, bond structure etc. • An outline of alternative funding structures to be

considered - A focus on reducing financing costs • What are the key impacts on the financing terms and

conditions of such alternative funding structures - Evaluating variations in pricing and tenor Marie de Graaf, Head Renewable Energy, ABN AMRO Bank N.V

11.40 Stakeholder management in PPP contracts • Overview UK, Germany and the Netherlands • Market experiences • Added value of risk allocation Daphne Boerse, Partner, Norton Rose Fulbright

12.20 Networking Lunch

13.20 Exploring the opportunities within the refinancing of PPPs • A look into when and why refinancing can be an attractive

option for investors • An exploration into the various structures available • Comparing advantages and disadvantages for Sponsors

related to these structures Laurens-Jan Sipma, Project Finance Manager, NWB Bank

14.00 Contract management: Keeping everybody happy • The dynamics of working in a consortium - The different wants and needs of each group - Tendering requirements and consortium partners • The various mechanisms in place to mitigate the risk for

each party • Opportunities and threats of different financing structures Bruno Erbel, Investment Director, Marguerite Fund

FUTURE RISKS AND HOW TO OVERCOME THEM

14.40 Project risk management: Approach and developments • Design, Build, Finance, Maintain and Operate (DBFMO) contracts - Will we see an increase in these type of projects? - How will the various risks associated with them be

managed? • Why the role of insurance is more important than ever in the

project finance matrix within the Benelux - The use of insurance as a source of finance and credit

enhancement • What does The Solvency II Directive mean for the Benelux region? Remco van Duuren, Finance Manager, Dura Vermer

15.20 Afternoon Tea

THE STRUCTURING PROCESS

15.50 The structuring process from a sponsors’ view • Financial Institutions moving towards becoming niche

players (either long term or short term lending) • Cherry picking, ‘I’ll have some of that…, but please play

nice with my other lenders’ • Roles of relationship banks • Refinancing gains? Should they play a role in structuring? Paolo Geurtsen, Director Project Finance - Treasury and

Finance, VolkerWessels

16.30 What are the global drivers for TMT assets (such as fibre networks and data centers)

• Why we are comfortable with the stable low risk economicsof these assets on the long run?

• How these projects offer investors interesting infrastructurerisk/returns?

• What are the key risks in these projects? - In depth case studies • How to finance TMT projects (such as data centres, fibre

networks etc) Eelco Holst, Director of Structured Debt, ABN AMRO Bank N.V

17.10 Chairman’s Closing Remarks and End of The Conference

Benelux Infrastructure Forum Day Two | Thursday 24th November 2016

Supported by

uxconf.com

Alternatively fax your registration to +44 (0)870 9090 712 or call +44 (0)870 9090 711

MARKETING OPPORTUNITIESWant to know how you can get involved? Interested in promoting your services to this market?Contact Zoe Gale, SMi Marketing on +44 (0)20 7827 6132 or email: zgale@smi-online.co.uk

Overview: In this interactive workshop, the participants gainknowledge of several developments in the riskmanagement, insurance- and compliance area. Thisincludes the importance of the risk Impact perspective,scenario analysis and a process description of risk profilingand stress testing, based on the Solvency-II approach. Thisapproach, originally developed for the insurance sector,has been transposed to the financial and projectmanagement sector. Experience a practical approach fordetermining, mitigating and reporting your high impactproject risks.

Why you should attend:• Assess major damage events and their influence • Explore developments in insurance industry • Understand best practice for risk profiling and reporting

for large projects • Perfect uniformity in risk information / risk matrices • Gain a practical way to give insight in the high impact

project risks based on the proven approach forSolvency II

Programme:

08.30 Registration & Coffee

09.00 Opening Remarks

09.10 Introduction project risk management approach • Methods of risk profiling • Different types of project • Project risks and insurances  • Scenario analysis for high impact risks

09.50 How to make your project risk profile • Project description • Different stakeholders perspectives    • Impact analysis • Risk management and insurance plan for your

project

10.30 Morning Coffee

11.00 Solvency guidelines helpful for large projects • Introduction • Governance framework • Financial plan and risk profile  • Stress testing and conclusions

11.40 How to make your Solvency-based stress test • Risk register as basis • Describe your stress scenarios    • Assess the prospective needs  • Governance and risk reporting 

12.20 Discussion and closing remarks

12.30 Close of workshop

About the workshop leaders:Michiel is Senior Consultant Risk Finance with focus onSolvency II (mainly Pillar II advisory), Captive Advisory,(Alternative) Risk Finance, Total Cost of Risk. optimization,Solvency II, Pilar II and Actuarial and Analytics. Michieldeveloped the ORSA methodology for the Netherlands,which was approved by DNB.

Roeland works for Aon Global Risk Consulting in theNetherlands as senior consultant, with focus on the Power& Utilities and the Construction industry.He is consultant forthe lenders on the risk management and insurance of PPPprojects in Europe. He is consultant to construction- andlenders consortia for (very) large DBFMO contracts. He isconsultant on risk and insurance for several largeinvestment projects in the (sustainable) energy sector inboth construction- and operations phase. Roeland isinvolved in due diligence reporting on operational risks fordiverse projects and companies.

About the organisation:Aon Global Risk Consulting (AGRC) is an internationalconsulting firm, specialized in delivering risk managementservices to clients in all sectors. Without being limitative,AGRC has expert consultants and provides solutions in thefollowing areas:

HALF-DAY PRE-CONFERENCE WORKSHOPTuesday 22nd November 2016

Mövenpick Hotel, Amsterdam, Netherlands08.30 - 12.30

A: Project Risk Management: Risk impact

and lessons from Solvency II

Workshop Leaders:Michiel van Klingeren, Senior Consultant Risk Finance, Aon

and Roeland van der Zee, Senior Consultant, Aon

• Enterprise RiskManagement (ERM)

• Risk Financing and Transfer • Business Continuity

Management

• Project Risk Management • Risk Engineering • Crisis Management

www.aon.com

HALF-DAY PRE-CONFERENCE WORKSHOPTuesday 22nd November 2016

Mövenpick Hotel, Amsterdam, Netherlands13.30 - 17.30

B: Managing complex PPP infrastructure projects in Belgium

and the Netherlands

Workshop Leaders:Ciska Servais, Partner and Head of Real Estate, Astrea Law

Dieter Veestraeten, Partner and Head of Banking andFinance Department, Astrea Law

Overview: Astrea is an independent law firm with more than 35lawyers, each with their own area of specialization.Together, they provide assistance in any area of law thatmight be required by private companies, entrepreneurs orpublic authorities.Our firm's broad-based composition allows us to offer acomprehensive approach. Based on the individual client'sneeds and the specific issues at hand, we assign acustomised team of specialist lawyers to each case. Thisenables us to consider every relevant area of law andprovide the most efficient solution.

Why you should attend:• An invaluable opportunity to explore legal, regulatory

and institutional issues, including the role ofgovernmental stakeholders and differences betweenBelgium and the Netherlands

• Maximise your opportunity to exchange best practiceand identify the key issues relevant for PPP projectsthrough interactive, small group discussion

• Utilise practical insight to navigate the difficult andcomplex task of successful managing public andprivate partnerships

Programme:13.00 Registration and Coffee 13.30 Opening remarks and introductions13.40 How to deal with governments • Government as stakeholder • Government as regulator • Government as risk factor • Financial risk • Legal risk • Political risk • Organisational risk • Guidelines for risk management 14.10 The impact of local stakeholder resistance on

infrastructure projects • Why citizens are increasingly having the last

word on PPP projects • How to cope with this • How does it endanger the success of PPP projects • What can private companies and investors do

to minimise or neutralise any resistance • Do local governments have a greater

responsibility?14.50 Afternoon Tea15.20 Cultural differences - a comparison between

Belgium and the Netherlands • Politics in Belgium and the Netherlands • Different procedures have impact on timing of

decision making • Communication with governments, other

stakeholders and their advisors • Understanding differences avoids frustration16.00 Guidelines for a successful PPP • Project identification • Structuring of the PPP • Managing the tendering process • Execution phase and management16.40 Closing Remarks and End of Workshop

About the workshop leaders:Ciska is a Co-founder and practising partner at Astrea sinceits foundation in 2006, prior to this she has worked as apracticing partner at Lawfort, Van Passel, Servais andVennoten (which later became Lexeco. Cisca is fluent in 3languages and is a member of the Antwerp Bar and alsoGuberna, the Association of Public Law Practitioners and theInternational Bar Association (IBA).Dieter completed his Masters in law in 1998 at theUniversity of Lueven and also possesses a masters inbusiness law. Dieter has been at Astrea since 2014 andspeaks 4 languages, he has also been admitted to theBrussels Bar and is an active member of AIJA and the IBA.

About the organisation?Astrea is an independent, dynamic law firm in Belgiumwith ten partners and more than forty specialists andexperienced lawyers, spread between offices in Antwerpand Brussels. It offers high-quality legal services to Belgianand international companies, ranging from promisingstart-ups and growth companies to long-established listedand non-listed corporations (including more than fifteenFortune 500 companies). Astrea also works on a regularbasis for government departments and public bodies inBelgium. Availability, speed and a proactive approachare Astrea’s watchwords.

BENELUX INFRASTRUCTURE FORUM Conference: 23rd - 24th November 2016, Mövenpick Hotel, Amsterdam, Netherlands

Workshops: 22nd November 2016, Netherlands

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