Airport Financial Model (Development, Operation & Valuation) (Excel XLSX)

Financial Model presenting a development and operating scenario of an Airport under a Public-Private Partnership (PPP) agreement. The main purpose of the model is to enable users to get a solid understanding of the financial feasibility of an Airport Development project and to evaluate the return to Private Partners.

The model includes the following PPP modes allowing user to select the contract type of the project:
•  Build-Operate-Transfer (BOT): Under a BOT contract, government grants a concession to a private company to finance, build, and operate a project for a period of 20 to 30 years. After that period, the project is returned to the public entity that originally granted the concession.
•  Build-Own-Operate (BOO): Under a BOO contract, government allows a private company to finance, build, and operate infrastructure over a specified period and the private company retains ownership of the infrastructure in perpetuity.

Model Structure:

Setup Assumptions:

•  PPP Contract: Contract type (BOT or BOO), Contract length (up to 30 years), Development & Operations Periods assumptions
•  Initial Investment: Development & Construction Costs, Debt & OpEx Reserves, Financing Costs
•  Uses & Sources of Cash and Capital Structure Assumptions
•  Airport Metrics: Total Terminals, Commercial Area, Annual Passengers & Annual Flights Assumptions
•  Aeronautical Revenue Assumptions: Landing Fees, Aircraft Parking, Building Rentals, Freight, Fuels, Passenger Boarding Bridge, General Aviation Fee, etc.
•  Non-Aeronautical Revenue Assumptions: Concessions (Duty Free, Retail, F&B stores), Parking, Rental Car Center, Space Rentals, Ground Transportation, Advertising, etc.
•  Non-Operating Revenue Assumptions: Passenger Facility Charge (PFC), Customer Facility Charge (CFC), Investment Income, Federal Grants
•  Annual Operating Expenses and Capital Expenditures Assumptions
•  Value for Money Analysis Assumptions: Interest During Construction (IDC), Construction & OpEx over-runs, Revenue Collection Pilferage
•  Private Partnership Equity Contribution Assumptions (GP & LP)
•  Business Valuation Assumptions: Option to include Terminal Value, EV/EBITDA Multiple, WACC
•  Other Reporting Assumptions: Income Tax Rate, Working Capital, Annual Growth Rates, etc.

Output Reports:

•  Dynamic Financial Forecast (3-Statement Model) incl. supporting schedules for Working Capital, PP&E, Debt & Debt Service, Reserve Accounts, Tax Schedule
•  Breakeven Analysis per Year
•  Dynamic KPIs and Financial Ratios Dashboard including Airport Metrics, Key Financials and Various Financial Ratios per Year
•  Dynamic Performance Dashboard presenting key project's figures using highly-sophisticated Charts & Graphs
•  Value for Money (VfM) Analysis including comparison of Nominal and Real Projects Costs
•  Business Valuation (incl. Enterprise & Equity Value, DCF, Terminal Value, Unlevered & Levered Cash Flow, Project Return Metrics & Sensitivity Analysis)
•  Partnership Returns (4-tier IRR hurdle waterfall model to distribute proceeds between private-partners)
•  Project's Executive Summary

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