St. FX Standard Deck

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(No Transcript)
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StFX The Imperative to Build

• Ramsay Duff, VP Finance Operations
• CAUBO Montreal June 2006

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Premise
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StFX The Imperative to Build
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What is StFX? Just Like You!
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The Imperative
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The Imperative to Build

• At 150 years old we had a lot of investing to
  do.
• Buildings
• Technology
• Infrastructure

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How We Did It

• Analysis and Plan
• Our Niche
• Our Future
• Our Gaps
• Our Investment Plan
• Built Support
• Board
• Community/ Alumni
• Bankers

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Financing

• Maxed out the line of credit, funded from
  operations
• Leveraged revenue streams from ancillary
• Fully hedged against interest rate risk
• Negative pledge to lenders on assets

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Lessons Learned 1

• University stakeholders love to plan and plan
  perfectly but
• Cost curve will remain steep
• Financing costs remain near all time lows
• If you cant convince your banker now, you never
  will
• If your Board cant see it, youre ability to
  compete is already compromised
• Planning and waiting for perfect conditions is a
  fools game

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Lessons Learned 2

• Demands on physical campus are escalating and
  accelerating
• Teaching Spaces backlash on class size and
  learning environment
• Faculty dedicated spaces for teaching, research
  and administration
• Students Catering to diverse student needs
  (campus life)
• So, better to start renewal cycle sooner,
  creating multi-purpose, flexible space where
  possible.

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Lessons Learned 3

• Having a plan and process is important, but
• Hard to predict donor behavior
• Priorities can change
• Opportunities knock
• Have to incorporate flexibility and be
  opportunistic

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Concluding Thoughts

• Atlantic Context Challenging Environment
• - Declining Enrolment
• - Declining Government Funding/Tuition Ceiling
• Survival
• - Superior Offerings
• - Profile Positioning
• - National/International Recruitment
• Balanced capital investment has been a
  significant factor in enabling StFX to solidify
  its market position.

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StFX The Imperative to Build
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