Muhammad Umer Qureshi

A: House No: 72, Street Abdul Mutalib, Al Nuzlah Al Sharqiyah District, Jeddah, KSA M: +966-59-221-1838 E: umerrqureshi@gmail.com S: umerrqureshi In: pk.linkedin.com/in/umerrqureshi

I am a graduate from University of Punjab and a Chartered Accountant Finalist under Institute of Chartered Accountants of Pakistan and have 7 years of experience in financial reporting, financial planning & analysis, financial modeling & feasibility studies, budgeting, forecasting, sensitivity & what-if analysis, business planning, investment advisory, corporate finance, project finance, transaction structuring, equity arrangements, financial management, business risk modelling, valuations, financial & commercial due diligence, financial advisories, statutory audits, project management, market & economic research, board and apex committees presentation and reporting for infrastructure, real estate, Power, Energy, telecom, industrial engineering and manufacturing sector. I now look forward to utilize my experience and skill set towards a more focused role that offers career stability and growth opportunities.

Employment Record

Employer Grant Thornton Pakistan

Date Position Jan 2015 – July 2016 Unit Head – Transaction Advisory Division Jan 2013 – Dec 2014 Senior Financial Analyst – Transaction Advisory Division Jan 2011 – Dec 2012 Financial Analyst – Transaction Advisory Division Aug 2009 – Dec 2010 Associate – Transaction Advisory Division

Key Responsibilities Project Manager for Transaction Advisory engagements and their management from initiation till conclusion

including Corporate & Project Finance Mandates, Financial Modeling & Analysis, Capital and Operational Budgeting, Transaction Structuring, Equity Arrangement, Financial Management, Business Risk Modelling and Business Planning.

Achieved client expectations concerning project deliverable and deadlines and lead change efforts effectively to add value to the businesses of the customers by enabling them to take informed decision based on our recommendations and assistance.

Professional development and training of associate team members by imparting knowledge through on job trainings, presentations and seminars.

Work closely with senior management to establish quarterly as well as annual budgets and assess projected needs of Transaction Advisory Division based on growth projections. Report directly to CEO.

Team with partners and managers on proposals and business development calls including maintaining a strong relationship with key contacts in existing accounts, as well as to develop new contacts and relationships.

Liaison with senior management on monthly basis to plan the execution framework for new engagements and evaluate performance of Transaction Advisory Department, including market conditions, projects’ statuses and emerging opportunities based on competitive analysis.

Perform other job-related duties as necessary.

Education

Professional Certificate in Accounting & Finance (CA Finalist) – Institute of Chartered Accountant of Pakistan Academic Master of Business Administration – Finance – CIIT – (In Progress) Bachelors with Major in Economics – University of Punjab

Accomplishments and Awards

Surpassed the revenue objective for Senior Financial Analyst by 22%. Promoted to Unit Head after two year based on the performance Certificate of Appreciation for Financial Model by HPGCL Back to back successful bids for Clients in Energy & Power Sector Successful Debt and Equity Financing Arrangement – More than USD 450 Million Countries of Work Experience

United Arab Emirates (Dubai), Malaysia (Kuala Lumpur), Bangladesh (Dhaka) and Pakistan Skills

Analytical Skills Professional & Computer Skills Marketing & Business Skills Financial Modeling Capital & Operational Budgeting Financial Statement Analysis Financial Management Complex Transaction Structuring Variance Reporting Project Management

IFRS and ISAs Proficient in Microsoft Word,

Excel, PowerPoint and Access Basic Understanding of Visual

Basic & MS Project

Feasibility Studies and Business Plans Presentation Design & Development Project Agreement Development &

Negotiation Tariff Petitioning & Tariff Negotiation PPA & IA (Security Package) Report and Business Proposal Writing

Language Proficiency

Multi-lingual with command over English, Urdu & Punjabi Personal Information

Father Name: Riasat Hussain Date of Birth: October 12, 1986 Marital Status: Married with One Child Iqama No: 2417719149 (Transferable) Passport No: FW4911921 References

Mr. Mian Aamer Mumtaz Chief Executive Officer Grant Thornton Pakistan Cell: +92-300-855-5530 Email: amumtaz@pk.gt.com

Mr. Khurram Abbas Senior Manager – Transaction Advisory Division Grant Thornton Pakistan Cell: +92-333-522-0229 Email: kabbas@pk.gt.com

Mr. Nouman Bin Riaz Chief Accountant Rabigh Wings Aviation Academy, Rabigh, KSA Cell: +966-58-288-4982 Email: nouman.riaz@rabigh-wings.com

Mr. Adeel Ahmed Khan Executive – Valuation & Business Modelling Ernst & Young – Jeddah, KSA Cell: +966-54-335-5070 Email: adeel.khan@sa.ey.com

Mr. Ahmed Zia Haider Chief Operating Officer Halmore Power Generation Company Limited Cell: +92-306-660-3703 Email: haider@halmore.com

Mr. Harris Humayun Chohan Manager – Corporate Finance Bridge Factor Pakistan Cell: +92-300-989-2232 Email: harris.chohan@bridgefactor.com

Major Assignments

During my association with Grant Thornton Pakistan, I have been part of various assignments with varying roles and responsibilities. Some of the key assignments are detailed below: Real Estate, Infrastructure& Telecom Financial Advisory to Lahore Ring Road Authority – Southern Loop (PPP): As financial analyst, I prepared the

financial model which established the capital costs, financing mechanism, annuity to be paid to the private party. Review of Financial Model and Financial Bids for National Highway Authority: As Unit Head, I was responsible

for execution of the project. The project involved review of financial models submitted by bidders along with their bids for large scale infrastructure project.

Financial Advisory on Operational Subsidy to Urban Bus Operators – Transport Department, Government of Punjab: As project supervisor and senior financial analyst managed and supervised the third party validation exercise of operational subsidy through detailed market survey and prepared Operational Subsidy Model based on the results of market survey.

Financial Advisory Services to Habib Rafiq Limited – Real Estate and Infrastructure Project: The project involved establishment of two residential housing societies at Islamabad and Lahore Motorway and one industrial estate at Pindi Bhattian along with construction of connecting loops for the societies and industrial estate. As Unit Head, I was responsible for execution of the project and prepared the Financial Model, Feasibility Report and Master Budgeting Plan for successful implementation of the project.

Financial Advisory Services for One Park Residences – Multi-Storey Multi-Purpose Building: As Project Supervisor and financial analyst on the assignment, I Prepared Project Financial Model, Private Placement Memorandum for prospective Investor and developed transaction structure to be adopted by Joint Venture Partners.(Estimated Project Size USD 86m)

Buy Side Advisory for Ufone Pakistan: As part of the assignment team and reporting to the assignment team leader, I evaluated different Micro Finance Banks (MFBs) from the perspective of acquisition and carried out financial due diligence of selected MFB.

Preliminary Information Memorandum – United States Government Department: As a part of assignment team and reporting to the partner in charge, I analysed business options and plans proposed by target investees. Moreover, I also prepared financial model and carried out financial analysis of target investees.

Financial Due Diligence & Preparation of Financial Statements for Capital Development Authority for Municipal Bond initiative: I was part of the project team which was prepared Financial Statements of Capital Development Authority.

Manufacturing & Industrial Engineering Financial Advisory Services for Prime Movers Plant– Heavy Industries Taxila: As financial analyst developed

project financial model for establishment of Prime Movers Manufacturing Facility. Moreover, devised transaction structure in collaboration with legal partners. (Estimated Project Size USD 11m)

Financial Advisory Services for Wah Brass Mills: Financial Analyst for advisory on the expansion of Brass Mills in Phase I. In Phase II, I was part of the team which held negotiations with Bankers and Ministry of Finance for arrangement of finance for project. (Estimated Project Size USD 90m)

Financial Advisory Services for Green Chip Limited - Feasibility Study for Establishment of PET Recycling Plant: As financial analyst prepared project financial model, carried out market study to determine aggregate potential of RPET availability and conducted SWOT analysis of locations for setting up of RPET collection points. (Estimated Project Size USD 18m)

Financial Advisory Services for Acquisition of Gas Compression Units – Akbar Associates (Pvt) Limited: As Financial Analyst, developed the Transaction Structure and Financial Model for the transaction involving supply of four gas compression units and developed an Information Memorandum for attracting financing. (Estimated Project Size USD 17)

Financial Advisory Services for Petroleum Storage Facility – Quality One Petroleum: As Unit Head and Project Manager for establishment of petroleum storage facility. I prepared financial model, feasibility study and Information memorandum. Moreover, I was part of the team which held negotiations with financial institutions for financing the project. (Estimated Project Size USD 5m)

Financial Advisory Services for Cylinder Manufacturing Plant – WAH Industries Limited (WIL): As reporting

executive I prepared feasibility study based on the results of financial model and market study. (Estimated Project Size USD 11m)

Energy and Power Sector Financial Advisory Services for Pakistan LNG Terminal Limited (PLTL) – Akbar Associates Private Limited: As Unit

Head, I led the financial transaction team which was working on this engagement. The project involved preparation of financial model, financial feasibility study, pitch book for investors, regulatory approvals, tariff petitioning & determination from OGRA. (Estimated Project Size USD 270m)

Financial Advisory Services for Construction of LNG Terminal at Port Qasim – Ester Energy International Private Limited: As Unit Head, I led the financial transaction team which was working on the engagement. The project involved obtaining NOCs, licenses, third party agreement with gas distribution companies, financial model, financial feasibility study, pitch book for investors, regulatory approvals, tariff petitioning & determination from OGRA. (Estimated Project Size USD 365m)

Financial Advisory Services for 400 MW Dual Fuel (RLNG & HSD) Combined Cycle Power Plant – Fairview Power Generation Company Limited: As Unit Head, I prepared the tariff and financial model along with private placement information memorandum for setting up of 400 MW Dual Fuel Combined Cycle Power Plant and LNG Terminal. Represented client before OEMs for suppliers credit and debt financing in Dubai. (Estimated Project Size USD 340m)

Financial Advisory Services for 600 MW Dual Fuel (RLNG & HSD) Combined Cycle Power Plant – Global Energy Ventures Limited (Malaysia): As Unit Head, lead the project team working on the engagement. The project involved project structuring, debt and equity financing, financial modeling and feasibility study. (Estimated Project Size USD 510m)

Financial Advisory Services for Establishment of 110 MW Dual Fuel Combined Cycle Power Plant (RLNG and HFO) – Tristar Energy Limited: As Unit Head, I lead the transaction which involved preparation of financial model, financial feasibility study, pitch book for investors’ approvals and tariff petitioning & determination. (Estimated Project Size USD 118 MN)

Financial Advisory Services for 660 MW Coal Fired Power Plant – Kot Addu Power Company Limited: As senior financial analyst, I prepared the tariff and financial model along with financial feasibility for 660 MW coal fired power plants in close consultation with the ELAN Partners, RAMBOLL and finance department of KAPCO. (Estimated Project Size USD 995m)

Financial Advisory Services for 55 MW Coal Fired Power Plant – Mughal Energy Limited: The owners of Mughal Steel Limited envisaged the establishment of 55 MW coal fired plant in Sheikhupura to cater for their internal Electricity appetite and also to dispatch the surplus electricity to the National Grid. As project manager, carried out review of regulatory framework which enabled this Transaction. Moreover, I was part of the team which finalized the contract Technical Consultants and subsequently liaised with them to extract the technical numbers to prepare a robust Financial Model and a commercially viable and suitable transaction structure. (Estimated Project Size USD 120m)

Financial Advisory Services for 2 X 55 MW Coal Fired Power Plant – Punjab Power Development Company Limited: As project manager, I liaised with technical and legal consultants for development of finalization of transaction structure, financial and economic feasibility study, and tariff & financial model for the envisaged project. (Estimated Project Size USD 155m)

Financial Advisory Services for 421.90 MW Coal Converted Power Plant – K-Electric – Bin Qasim Power Station (Unit 3 & 4): As senior financial analyst, carried out comprehensive review of the costing and tariff determination process, filed application for generation license modification. Moreover, also developed the Tariff Petition and presented the same before NEPRA for tariff determination. (Estimated Project Size USD 624m)

Financial Advisory Services for 1320 MW Coal Fired Power Plant – Jamshoro Power Company Limited: As senior financial analyst, I prepared the financial model for 2 X 660 MW coal fired power plants in close consultation with the finance department of JPCL. Moreover, I also prepared and filed the tariff petition with NEPRA for tariff determination. (Estimated Project Size USD 1,850m)

Financial Advisory Services for 44 MW Bagasse Fired Power Project – Kamalia Sugar Mills: As Unit Head, prepared financial model and draft tariff petition for 44 MW Bagasse Fired Power Plant for Kamalia Sugar Mills. (Estimated Project Size USD 66m)

Financial Advisory Services for 35 MW Jagraan III Hydro Power Project – Siddiq Sons Group: As Unit Head,

prepared financial model and draft tariff petition for 35 MW Hydro Power Plant in Neelum Valley, AJ&K. (Estimated Project Size USD 85m)

Financial Advisory Services for 6.05 MW Jhing II Hydro Power Project – Tayyaba Energy Limited: As senior financial analyst, prepared financial model and tariff petition for 6.05 MW Hydro Power Plant in Neelum Valley, AJ&K. (Estimated Project Size USD 16m)

Financial Model Audit of 100 MW Gulpur Hydro Power Project – Mira Power Limited: As project manager and senior financial analyst, I carried out the audit of financial model, prepared by corporate finance & planning department of Mira Power Limited, and provided recommendations for bringing in improvements from lenders and investor’s perspective. (Estimated Project Size USD 375m)

Financial Model Audit of 341 MW Summit Bibiyana Combined Cycle Power Project – Bangladesh: The sponsors of the project approached IFC, ADB and IDB for debt swap of subject project. IFC on behalf of ADB and IDB prepared the financial model and appointed Grant Thornton for audit of same to verify the model. As project manager and senior financial analyst, I carried out the audit of financial model and provided recommendations for bringing in improvements from lenders perspective. (Estimated Project Size USD 300m)

Financial Advisory Services for 50 MW Wind Power Project – Sachal Energy Development Private Limited: As financial analyst, I prepared financial model for establishment of a 50 MW Wind Power Plant at Jhimpir, with an estimated Project size of USD 138 Million, conducted a detailed financial and scenario based analysis, and developed a Feasibility Study Report and Tariff Petition for presentation of the Project before National Electric Power Regulatory Authority (NEPRA). (Estimated Project Size USD 138m)

Financial Advisory Services for 100 MW Solar Power Project – Quaid-e-Azam Solar Power Private Limited – Government of Punjab: As senior financial analyst and project team lead, developed the Financial Model for the establishment of a 100 MW Solar Power Plant in Bahawalpur. Moreover, I was extensively involved in the drafting and finalization of financing agreements and security package and prepared the project capital and operational budget. During the construction phase, monitored, supervised and assisted QASPL in making draw downs in accordance with the project budget agreed with lenders by ensuring that all condition precedents are met for each draw down. (Estimated Project Size USD 215m)

Financial Advisory Services for 10 MW Solar Power Project – Tristar Energy Limited: As Unit Head, I prepared tariff and financial model for establishment of a 10 MW Solar Power Plant at Hawksbay, Karachi and Tariff Petition for presentation of the Project before National Electric Power Regulatory Authority (NEPRA). Moreover, I also prepared Information Memorandum for OPIC Financing. (Estimated Project Size USD 21m)

Financial Advisory Services for 5 MW Solar Power Project – Sanjwal Solar Power Private Limited: As financial analyst, I prepared financial model for establishment of a 5 MW Solar Power Plant at POF Sanjwal, with an estimated Project size of USD 9 Million, conducted a detailed financial and scenario based analysis, and developed a Feasibility Study Report and Tariff Petition for presentation of the Project before National Electric Power Regulatory Authority (NEPRA). (Estimated Project Size USD 9m)

Financial Advisory Services for Solar LED Lights Project – Traffic Engineering & Transport Planning Agency: As senior financial analyst, developed the project Financial Model, carried out Option Analysis, information memorandum for financial institutions and devised transaction structure for successful completion of the project. (Estimated Project Size USD 16m)

Independent Third Party Verification of Engineering, Procurement and Construction Cost Audit of Halmore Power Generation Company Limited (HPGCL): As project manager and reporting to the engagement partner I was responsible for:

- Reviewing all EPC contracts entered into by HPGCL to identify financial implications of costs arising as a result of these contracts

- Reviewing the work of sub-ordinates with regard to their respective contracts. - Discussion with management of HPGCL in order to resolve observations - Preparation of Report on Verification exercise

Buy Side Advisory for Acquisition of Premier Oil Pakistan – Akbar Associates Group: As Unit Head, I was part of the financial transaction team which worked on the engagement. The project involved financial and accounting due diligence of the target company and development of valuation model to provide estimated market value of the target company (Premier Oil) for acquisition by Akbar Associates Group. (Estimated Project Size Confidential)

Valuation of Buksh Energy 10 MW Solar Power Plant for Acquisition by Hanergy Global of Hong Kong: As project manager, under buy side advisory mandate carried out valuation using Asset Based Value Method to ascertain the NPV of Buksh Energy for acquisition by Hanergy Global of Hong Kong.

Valuation of ATL Share in 720 MW Hydro Power Project: As senior financial analyst, under sell side advisory

mandate carried out valuation using DCF Method to ascertain the disposal value for ATL. International Donor Funded Engagements Pre Audit of Grantees – USAID Citizens’ Voice Project: The project involved limited scope pre audit of grantees of

USAID to inform the donor about the internal controls and absorptive capacity of the grantee. I was on site supervisor for the pre audits of 15 grantees.

Indirect Cost Audit of US Based INGO for Establishment of Uniform NICRA for USAID: The project involved detailed audit of indirect costs charged by 8 US Based INGOs to USAID to ascertain the true cost of doing business in Pakistan and for establishment of uniform NICRA based on the audit results and analysis of data collected.

Institutional Assessment of Department of Auditor General of Pakistan for USAID Funding: I was part of the team which carried out the Pre-award financing assessment of Department of Auditor General of Pakistan in order to evaluate the accountability environment within the Department of Auditor General of Pakistan (DAGP). The assessment involved the overall review of the DAGP’s Institutional and Management Structure, Review of Financial Management, Accounting, HR and Procurement Systems and Controls, and carrying out the Operational and Absorptive Capacity Analysis.

Study on Public Financial Management in Pakistan: The objective of study was to design Framework to assess the institutional capacity of the GoP at different levels through development of a Public Financial Management Assessment Framework. My role was as project coordinator and specialist for Accounting, Internal Controls and was part of the team who designed the main skeleton of the framework.