The Proforma is a time-series financial table that shows how your project performs year by year—or quarter by quarter, month by month—across its operational life. It’s the view that investors, lenders, and internal stakeholders use to evaluate project viability, understand cash generation, and assess risk.In Aire, the Proforma is automatically built from your model’s terms and blocks. As you adjust assumptions or change cases, the table updates in real time, giving you immediate visibility into how changes affect revenue, expenses, debt service, taxes, and returns.
The Proforma displays the full financial cascade for your project:
Revenue: Energy sold, capacity payments, or other income streams
Operating Expenses: Maintenance, insurance, labor, and other recurring costs
EBITDA: Earnings before interest, taxes, depreciation, and amortization
Depreciation: Non-cash accounting for asset value decline
Interest Expense: Cost of debt over the repayment period
Pre-Tax Income: Earnings before tax obligations
Taxes: Corporate income tax or other tax liabilities
Net Income: Bottom-line profitability
Cashflow Adjustments: Add-backs for non-cash items and principal repayment
Free Cashflow: Actual cash generated or consumed each period
Each row represents a term from your model. Each column represents a time step—typically a year, but configurable to quarters or months based on your project’s needs.
The Proforma is the standard format for communicating project economics. Financiers use it to evaluate debt capacity, equity returns, and project bankability.Aire generates the Proforma directly from your model, so it’s always current, consistent, and traceable to source assumptions.
When you import a financial model or build one in Aire, the platform identifies key financial terms—revenue, opex, taxes, interest, depreciation—and organizes them into a standard Proforma structure. You don’t need to manually format a table or link cells; Aire constructs the layout based on your model’s logic.If your model includes custom revenue streams, tax credits, or financing structures, those appear in the appropriate sections of the Proforma.
The Proforma recalculates instantly when you change assumptions. If you adjust PPA pricing, update debt terms, or switch between cases, the entire cashflow statement updates to reflect the new values. This eliminates version control issues and ensures every stakeholder sees the same numbers.
The Proforma reflects the cases selected in your current scenario. Switch between different case combinations to see how alternative assumptions affect the cashflow profile.
Scan the Proforma to see annual cashflow, identify when the project becomes cash-positive, and understand financial patterns like revenue growth, declining interest expense, or tax shield effects from depreciation. The Proforma provides the raw data underlying key metrics like NPV, IRR, and payback period.
Each cell displays the calculated value for that term in that time period. Values are formatted based on term type—currency, percentages, counts, or energy units.
Small inline charts next to term names show the shape of the trend over time—growth, decline, or stability—giving you visual cues without leaving the table view.
Use the Proforma to assess whether a project generates sufficient returns. Review net income and free cashflow rows to evaluate profitability over time. Compare cashflow timing against capital requirements and investor return hurdles.
The Proforma shows how project economics cascade from revenue through expenses to cash generation. Track how revenue translates to EBITDA, how depreciation and interest affect taxable income, and when the project becomes cash-positive.
The Proforma presents financial performance in the format investors and lenders expect. Use it to walk through revenue assumptions, cost structure, and cash generation with stakeholders who may not understand the underlying technical model.
