Commodities Trading Pro Forma
Capital Markets Excel Template (Free Download)
Project a physical trading house’s volume, margin per tonne, funding needs, leverage, and covenant headroom across three commodity segments.
professionals from Deloitte
About this pro forma
This pro forma uses the full model as an operating and financing engine for energy, metals, and agriculture trading. Volume multiplied by spot price and stable margin per tonne drives revenue and gross profit; the base case covers 50 million tonnes with $14, $12, and $10 margins by segment.
Receivables, inventory, and payables build working capital, while a demand-driven borrowing base facility funds the requirement. Lenders and trading-house teams can assess leverage, liquidity, and downside headroom as prices and volumes change.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Commodities Trading Pro Forma
- Energy, metals, and agriculture volume and price forecast
- Gross profit built from stable margin per tonne
- Receivables, inventory, and payables working-capital schedule
- Borrowing base facility draws tied to eligible working capital
- Three-statement revenue, cash flow, debt, and leverage outputs
- Commodity price, volume, and covenant stress cases
- Facility headroom and liquidity decision metrics
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
Why is margin per tonne the key driver?+
Commodity prices can move sharply, while the trading spread per tonne is the more stable operating measure for projecting gross profit.
How is trade finance sized?+
The facility draws as needed against receivables and eligible inventory, net of payables and other borrowing-base adjustments.
Does it cover multiple commodities?+
Yes. Energy, metals, and agriculture are projected separately before being consolidated into the pro forma.
Who uses the output?+
Trading managers, warehouse lenders, treasury teams, and credit committees use it to review funding and covenant capacity.
Have more financial modelling questions? Contact us
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