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National Investment Banking Competition & Conference
NIBC 2017 Competition Overview & Location Update
September 2017
Suite 300 Graybar Building | 420 Lexington Avenue | New York 10170
National Investment Banking Competition & Conference 2017 2
William
Liaw
Cameron
Strukoff
Sofiia
Salimova
Jane
Li
Beca
Yin
Alexander
Qu
Ali
Geum
Mathilde
Ho
Matheus
Sampaio
Amir
Zanjani
Simon
Hua
Anna
Zynyuk
Name Position Year Experience & Achievements
William 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 Catalyst | 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 | BMO | 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 Canalyst | Canaccord Genuity | Full Undergraduate Major Entrance Scholarship
Amir Zanjani Associate, Conference 3 Mackie Research Capital | Beta Financial Markets | Team Captain Municipal Hockey
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
NIBC 2017 Organizing Team Welcome
The Organizing Team looks forward to welcoming you to the NIBC 2017 Competition & Conference
National Investment Banking Competition & Conference 2017
Invitation to NIBC 2017
3
We would like to invite Undergraduate & Graduate students to the National Investment Banking Competition
FIRST ROUND: 3-week resolution starting October 6th requiring
teams of 4 to produce a Corporate Valuation & Strategic Review
100-page case package with financial model templates &
industry data
FINAL ROUND: 64 finalist teams competing November 29-30th
giving Transaction Advice to a Live Panel of Managing Directors
Competition features authentic current transaction at event with
high-profile keynotes and panelists
Please visit NIBC.ca to register
Upon registering for the First Round, competitors receive online access to video tutorials,
industry templates & interview training at www.nibclive.com
Final Round takes place in Toronto to increase professional engagement and allow
competitors to build a strong professional network
Case structure, models and templates conceptualized by senior investment banking
professionals based on fully authentic transaction scenarios
NIBC 2017 Highlights
National Investment Banking Competition & Conference 2017
Event Overview
CASE DCF, Comparable, Precedent, LBO Valuation | Strategic Client Review | Corporate Finance Transaction
TRAINING Access to Video Tutorials | Industry Templates 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 (2009-2017)
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 Overview (Toronto 2017)
Venue Hyatt Regency
Keynotes 2
Deal Presentations 3
Panels 2
Evening Event EFS Social Club
Student Attendance
Universities 100+
Competitors 1,600
Competition Finalists 200+
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
Industry 9
Total Firms 43
4
National Investment Banking Competition & Conference 2017
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 Pennsylvania
Columbia University
Stanford University
New York University
Massachusetts Institute of Technology
Cornell University
Yale University
Dartmouth College
UC Berkeley
Queen’s University
University of Western Ontario
University of Toronto
International Universities
London Business School
Cambridge University
University of Oxford
HEC Paris
IE Business School
University of Melbourne
National University of Singapore
Peking University
University of Hong Kong
Chulalongkorn University
Indian Institute of Management
IPADE Business School
Geographic Expansion
160
480588
947
1438
2011 2012 2013 2014 2015
Out of BC BC
Competition Winners
Shizu Okusa 2010 Goldman Sachs
Derek Ching 2010 Goldman Sachs | GMP
Navtej Sidhu 2010 Scotiabank GBM
Jordan Pandoff 2011 BMO Capital Markets
Alex White 2011 TD Securities
Haroon Chaudhry 2011 BMO Capital Markets
Jeremy Beadow 2011 BMO Capital Markets | Scotiabank GBM
Jeff McLay 2012 Onex | CIBC World Markets
Ian Sinclair 2012 TD Securities
Aman Malik 2012 Credit Suisse | BMO Capital Markets
Gregory Jones 2012 BMO Capital Markets
Shaaj Vijay 2012 RBC Capital Markets
Stephen Ou 2012 RBC Capital Markets
Kevin Zhou 2013 Och-Ziff Capital | Goldman Sachs
Kevin Gryp 2013 Silver Lake Partners | Steadfast
Feroz Qayyum 2013 Hellman & Friedman | Evercore Partners
Lewis Peattle 2013 Bain & Company
Ivan Di 2014 RBC Capital Markets | Onex
Mak Doric 2014 Goldman Sachs
Emily Ren 2014 RBC Capital Markets
Nicholas Bigelow 2014 CIBC World Markets
Patrick Fong 2015 Evercore Partners | UBS
Ryan Liu 2015 Evercore Partners
Ryan Yaraghi 2015 Evercore Partners
Stephen Caputo 2015 Barclays
Nolan Lypka 2016 BMO Capital Markets
Olivier Babin 2016 Goldman Sachs
Stephen Toth 2016 Barclays
Luis Spradley 2016 Moelis & Company
5
National Investment Banking Competition & Conference 2017
2017 Timeline
The First Round will take place in October with the Final Round held at the end of November
Registration & Online Preparation
First Round Submission (October 26th)
May – August 2017 September 2017 October 2017 November 2017
Final Round (November, 29-30th)
First Round Release (October 5th)
Skills Development
Online Resources
Valuation & Strategic Overview
Analyst / Associate Perspective
Transaction Advice
Director Perspective
▪ Case preparation resources
▪ Guides, video tutorials, templates
▪ Pitchbook and valuation model
▪ 40-60 teams selected for Final Round
▪ 8-hour resolution for Boardroom Round
▪ Managing Director panel at Gala Dinner
Registration & Preparation (Summer) First Round (3-4 Weeks) Final Round (2 Days)
6
National Investment Banking Competition & Conference 2017
Competitor Preparation Portal
7
Competitors have access to online resources and video tutorials during the preparation period
The NIBC Live video portal provides
video tutorials & templates to
competitors in the 2017 National
Investment Banking Competition, held in
Toronto on November 29-30.
Graduate & undergraduate students may
sign up teams of 2-4 students at
. Upon registering for the First
Round, competitors receive access to
ddddddddddd until November 30th.
A selection of clips can be viewed under
the links provided.
Content for the portal was created by
past organizing team members to provide
competing teams from all backgrounds
with resources to refine their corporate
finance skills.
NIBC.ca.
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 2017
Toronto Final Round
8
Ideally-located by financial &
entertainment district (King & Spadina)
Capacity to accommodate all
competitors and dinner for 500 guests
Within walking distance to core
sponsors for boardroom judging
Immediately next to evening venue at
EFS Social Club
The 2017 Final Round will be held at the Hyatt Regency Toronto on November 29-30th
Toronto Final Round: Hyatt Regency
✓
✓
✓
✓
Increased exposure to professional
community and career opportunities
Increased engagement from head offices
Shorter travel for many competitorsHyatt
Regency
National Investment Banking Competition & Conference 2017
Cases
Cases feature realistic transactions based on 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)
Restructuring Acquisition Acquisition MergerValuation Acquisition Financing Valuation
Selected Past Case Topics
Sports Apparel Mining Video GamesGaming Film Telecom & MediaGamingMining
9
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 Entertainment
Founder & CEO
Keynote Speaker
Gala Dinner
W. Brett WilsonFirst Energy Capital
Co-Founder & Chairman
Keynote Speaker
Gala Dinner
Ian TelferGoldcorp
Chairman
Keynote Speaker
Gala Dinner
Robert HerjavecShark Tank
Lead Panelist
Keynote Speaker
Wine & Cheese
Peter BrownCanaccord Genuity
Founder & Chairman
Keynote Speaker
Gala Dinner
Noah WintroubJ.P. Morgan
Vice Chairman, IB
Keynote Speaker
Opening
Doug GuzmanRBC Capital Markets
Global Head, IB
Keynote Speaker
Opening
David TrujilloTPG
Head, New Media
Deal Presentation
AirBnB
Curt SigfsteadJ.P. Morgan
Co-Head, Technology
Keynote Speaker
Opening
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
–C
on
fere
nc
e &
Fin
al R
ou
nd
Day 2
–C
on
fere
nc
e &
Fin
al R
ou
nd
10
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 2015
British Columbia National North America International
25 Finalists
(UBC/SFU)
37 Finalists
160 First Round
(100% CDN)
200 Gala Dinner Guests
(Students & Professionals)
98 Finalists
588 First Round
(20% US, 1% Intl)
300 Gala Dinner Guests
(Students & Professionals)
200 Finalists
1,438 First Round
(41% US, 16% Intl)
500 Gala Dinner Guests
(Students & Professionals)
1-Day Event
3 IB Firms Represented
1.5-Day Event
10 Workshops
1 Simulation
6 IB Firms Represented
2-Day Event
4 Workshops
3 Simulations
12 IB Firms Represented
2-Day Event
3 Deal Presentations
3 Simulations
21 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)
11
National Investment Banking Competition & Conference 2017
NIBC Board Members
Nicole Dee
Silver Point
(Goldman Sachs)
Analyst
Case Committee
Tracey McVicar
CAI
Private Equity
Managing Partner
Board Member
Kathy Butler
CIBC
World Markets
Managing Director
Board Member
Scott Powell
MDA Training
President
Board Member
Chris Tsoromocos
Trafalgar Partners
(Stern Partners)
Managing Director
Board Member
Rizvan Dhalla
Morgan Stanley
Managing Director
Board Member
Harry Pokrandt
Espresso Capital
(Macquarie)
Managing Director
Board Member
Jordan Anderson
bcIMC
(TD Securities)
Portfolio Manager
Board Member
Philip Chua
Macquarie (2016)
(UBS)
Case & Oversight
Committee Chair
Michael Scott
RBC Capital
Markets
Director
Board Member
Amardeep Chandi
Caspian Capital
(KKR)
(Morgan Stanley)
Analyst
Board Member
David Lam
Macquarie Capital
Associate
Case Committee
Noam Gilead
J.P. Morgan
Associate
Oversight
Committee
Charles Wong
Canaccord
Genuity
Analyst
Oversight
Committee
Nicole Ponto
Jefferies
Analyst
Oversight
Committee
Haroon Chaudhry
BMO Capital
Markets
Associate
Oversight
Committee
Brenden Lee
Oaktree (2016)
(Evercore)
Case Committee
Martin Haakonsen
TD (2017)
Associate
Board Member
NIBC Board Members Case Committee Oversight Committee
Gint Austrins
Global Securities
(UBS)
Equity Analyst
Board Member
Dipak Kamdar
McKinsey & Co.
(RBS)
Associate
Board Member
Board members have supported the competition since inception and served on past organizing teams
12
National Investment Banking Competition & Conference 2017
Year Work Experience
Philip Chua 2010 Macquarie | UBS Investment Bank
Amardeep Chandi 2010 Caspian Capital | KKR | Morgan Stanley
Dipak Kamdar 2010 McKinsey & Co. | Maybank | RBS
Jenny Hu 2010 McKinsey & Co. | Partnerships BC
Noam Gilead 2010 J.P. Morgan | RBC Asset Management
Gint Austrins 2011 Global Securities | UBS Investment Bank
Jacky So 2011 Barclays Capital | BAML
Sean B. McNulty 2011 XIB Financial | CIBC World Markets
Jose A. Gonzalez 2011 Mitsubishi UFJ | Citi | Leith Wheeler
Katherine Barends 2011 Adidas | CIBC Wood Gundy
Martin Eston 2011 RBC Capital Markets | Fulcrum Capital
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 World Markets | KPMG
Andra Bosneaga 2012 RBC Capital Markets | CIBC World Markets
Martin Haakonsen 2012 TD Securities | Elkjop AS
Vina Yiu 2012 BAML | Morgan Stanley
Terence Kwan 2012 McKinsey & Co. | Canaccord Genuity
David Lam 2013 Macquarie Capital | GE Capital
Brenden Lee 2013 Oaktree Capital | Evercore Partners
Jasmin Kirk 2013 Lane Crawford | Rabobank
John Sanden 2013 RBC Capital Markets | Connor, Clark & Lunn
Charles Wong 2013 Canaccord Genuity | HSBC
Carmen Chan 2013 Citi | Global Securities
Piper Hoekstra 2013 Connor, Clark & Lunn | CIBC World Markets
Derek Dodd 2013 KKR | RBC Capital Markets
Jennifer Liu 2013 Goldman Sachs | RBC Capital Markets
Year Work Experience
Garrett Clyne 2014 TD Securities | Bentall Kennedy
Louisa Yeung 2014 Deloitte | TD Securities
McKenzie Milhousen 2014 Morgan Stanley | Goldman Sachs
Taylor Carkner 2014 CIBC World Markets | Fulcra Assets
Chris Wong 2015 BMO Capital Markets | TD Securities
Nicole Dee 2015 Silver Point Capital | Goldman Sachs
Leanne Li 2015 Scotiabank | Sun Life Financial | HSBC
Juliet Zhu 2015 HSBC | Silicon Valley Bank
Sandra Woo 2015 AGF Investments | Global Securities
Clarabel Luk 2015 PwC | Wesgroup Properties
Soroush Karimzadeh 2015 Novarc Technologies | Andritz
Jennifer Jordache 2015 CPPIB | BAML
Karsten Lee 2015 GMP FirstEnergy | HSBC Global Banking
Hovy Qiu 2015 GF Capital | Bank of Communication
Nicole Ponto 2015 Jefferies | CIBC Wood Gundy
Olya Kubliy 2016 RBC Capital Markets
Joseph Liu 2016 Tricor Pacific | Cormark Securities
Lucien Lu 2016 Ardenton Capital | Regimen Capital Partners
Jonathan Young 2016 RBC Global Asset Management
Jamie Farrell 2016 Macquarie Capital
Jessica Ljustina 2016 RBC Capital Markets
Josh Dogor 2016 OTPP
Cameron Strukoff 2017 Scotiabank GBM | Morgan Stanley
William Liaw 2017 Barclays Capital | HSBC GBM
Mathilde Ho 2017 Scotiabank GBM | Canalyst
Matheus Sampaio 2017 Scotiabank GBM
Alexander Qu 2017 Nomura | Macquarie Capital
Beca Yin 2017 HSBC GBM
Organizing Team Network
NIBC is also supported by a global network of past organizing team members
13
National Investment Banking Competition & Conference 2017
Canadian Footprint
Competition Participation Geographic Distribution Academic Distribution
Eastern
CanadaEastern
Canada
Universities 100+
Competitors 1,600
Competing Teams 400
Western
CanadaEastern
Canada
Western
Canada
Eastern
Canada
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
14
National Investment Banking Competition & Conference 2017
Selected Participating American Schools
Selected Participating International Schools
International Footprint
15
National Investment Banking Competition & Conference 2017 16
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
Industry Recognition
Robert Herjavec & NIBC Team
Frank Giustra | Brett Wilson & NIBC Team
Peter Brown & NIBC Team
Corporate Sponsors & Panelists
17
National Investment Banking Competition & Conference 2017 18
Appendix – Case Examples
National Investment Banking Competition & Conference 2017 19
Appendix – Case Examples