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          "position": 2,
          "objective": "Zoom from €5.1tn maturity wall headline into 6m / 6-12m / 12m+ slices.",
          "confidence": 82,
          "start_page": 8
        },
        {
          "id": 2,
          "slug": "02-pattern-hunter",
          "end_page": 39,
          "evidence": "Aggregate table (p16) followed by 23 same-template issuer cases reads as Evidence A, B, C → pattern.",
          "position": 3,
          "objective": "Stack 24 distressed-credit dossiers as cumulative evidence for the watch-list thesis.",
          "confidence": 84,
          "start_page": 16
        }
      ],
      "slide_tools": [
        {
          "tools": [
            {
              "id": 165,
              "slug": "picture-superiority-effect",
              "layer": "Slide",
              "evidence": "Puzzle-globe hero image dominates the TOC slide.",
              "confidence": 70
            }
          ],
          "page_number": 2
        },
        {
          "tools": [
            {
              "id": 118,
              "slug": "action-titles",
              "layer": "Slide",
              "evidence": "Subtitle states insight: 'issuance decreased... 12% QoQ... 62.5% YoY decrease'.",
              "confidence": 88
            },
            {
              "id": 154,
              "slug": "concrete-language",
              "layer": "Slide",
              "evidence": "Specific figures €22.6bn, 12%, 62.5%, 24.1%, 73%.",
              "confidence": 85
            },
            {
              "id": 78,
              "slug": "contrast-pairs",
              "layer": "Loop",
              "evidence": "Loop opens by contrasting 1Q'16 vs 4Q'15 vs 1Q'15.",
              "confidence": 80
            },
            {
              "id": 7,
              "slug": "plausibility-loop",
              "layer": "Block",
              "evidence": "Source citation 'AFME' grounds every claim in the bullet list.",
              "confidence": 70
            }
          ],
          "page_number": 4
        },
        {
          "tools": [
            {
              "id": 118,
              "slug": "action-titles",
              "layer": "Slide",
              "evidence": "Subtitle: 'HY bond share... decreased to 47.3%... down from 62.8%'.",
              "confidence": 88
            },
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Stacked column chart for composition over time (loans vs HY bonds).",
              "confidence": 80
            },
            {
              "id": 130,
              "slug": "color-strategy",
              "layer": "Slide",
              "evidence": "Two-tone navy/grey encodes loans vs HY bonds; light-blue spotlights Q1'15/Q1'16.",
              "confidence": 70
            },
            {
              "id": 158,
              "slug": "von-restorff-effect",
              "layer": "Slide",
              "evidence": "Q1'15 and Q1'16 bars rendered in distinct light blue against navy/grey series.",
              "confidence": 65
            }
          ],
          "page_number": 5
        },
        {
          "tools": [
            {
              "id": 118,
              "slug": "action-titles",
              "layer": "Slide",
              "evidence": "Callout subtitle: 'leveraged loan issuance increased... up 2.9% QoQ... down 46.9% YoY'.",
              "confidence": 82
            },
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Time-series bar chart of leveraged loan issuance (per inventory).",
              "confidence": 70
            }
          ],
          "page_number": 6
        },
        {
          "tools": [
            {
              "id": 118,
              "slug": "action-titles",
              "layer": "Slide",
              "evidence": "Callout: 'high yield issuance €10.1bn on 21 deals, a 28% and 73% decrease'.",
              "confidence": 82
            },
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Issuance time-series chart per inventory.",
              "confidence": 70
            }
          ],
          "page_number": 7
        },
        {
          "tools": [
            {
              "id": 118,
              "slug": "action-titles",
              "layer": "Slide",
              "evidence": "Subtitle: '€5.1tn of European corporate debt is expected to mature by 2021'.",
              "confidence": 88
            },
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Column chart of bond maturities by year (the 'maturity wall').",
              "confidence": 80
            },
            {
              "id": 127,
              "slug": "3-second-rule",
              "layer": "Slide",
              "evidence": "Tall 2016/2017 bars instantly read as the wall of debt.",
              "confidence": 65
            },
            {
              "id": 80,
              "slug": "data-story-arc",
              "layer": "Loop",
              "evidence": "Loop opens with aggregate context → tables drill into conflict zones.",
              "confidence": 70
            }
          ],
          "page_number": 8
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Dense table, no chartjunk: 12 columns of company/debt facts, alternating row shading only.",
              "confidence": 75
            },
            {
              "id": 142,
              "slug": "grid-system",
              "layer": "Slide",
              "evidence": "Strict tabular grid with aligned numeric columns.",
              "confidence": 75
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Dark navy header row dominates white body rows.",
              "confidence": 70
            }
          ],
          "page_number": 9
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Dense maturity table, minimal decoration.",
              "confidence": 75
            },
            {
              "id": 142,
              "slug": "grid-system",
              "layer": "Slide",
              "evidence": "Aligned tabular grid, same template as p9.",
              "confidence": 75
            }
          ],
          "page_number": 10
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Dense maturity table, repeats p9-10 layout.",
              "confidence": 75
            },
            {
              "id": 142,
              "slug": "grid-system",
              "layer": "Slide",
              "evidence": "Same tabular grid template.",
              "confidence": 75
            }
          ],
          "page_number": 11
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Dense >12-month maturity table.",
              "confidence": 75
            },
            {
              "id": 142,
              "slug": "grid-system",
              "layer": "Slide",
              "evidence": "Tabular grid, same template.",
              "confidence": 75
            }
          ],
          "page_number": 12
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Dense >12-month maturity table continued.",
              "confidence": 75
            },
            {
              "id": 142,
              "slug": "grid-system",
              "layer": "Slide",
              "evidence": "Tabular grid, same template.",
              "confidence": 75
            }
          ],
          "page_number": 13
        },
        {
          "tools": [
            {
              "id": 118,
              "slug": "action-titles",
              "layer": "Slide",
              "evidence": "Callout: 'downgrades exceeded upgrades with 50 downgrades and 20 upgrades... 14 in oil and gas'.",
              "confidence": 78
            },
            {
              "id": 133,
              "slug": "small-multiples",
              "layer": "Slide",
              "evidence": "Two stacked time-series charts (HY default rate, debt/EBITDA) plus industry bar.",
              "confidence": 75
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Industry bar chart annotates which sectors drove downgrades.",
              "confidence": 60
            }
          ],
          "page_number": 14
        },
        {
          "tools": [
            {
              "id": 142,
              "slug": "grid-system",
              "layer": "Slide",
              "evidence": "Aggregate distressed debt table: Company / Total Debt / S&P / Industry / Country.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Navy header band over alternating row shading.",
              "confidence": 72
            },
            {
              "id": 74,
              "slug": "inductive-reasoning",
              "layer": "Loop",
              "evidence": "Loop opens by aggregating 24 issuers as evidence pile.",
              "confidence": 80
            },
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Following case slides chunk each issuer into the same four named blocks.",
              "confidence": 78
            },
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Issuers grouped by industry categories that are largely non-overlapping.",
              "confidence": 60
            }
          ],
          "page_number": 16
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Four enclosed sections: Business Overview, Situation Overview, Capital Structure, Financial Summary.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Each quadrant clusters its own data; whitespace separates the four blocks.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Dark navy headers > prose > tabular numbers > grey source line.",
              "confidence": 75
            }
          ],
          "page_number": 17
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant Business/Situation/Capital/Financial template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats p17 structure.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Navy header bars dominate each quadrant.",
              "confidence": 75
            }
          ],
          "page_number": 18
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Capital structure rows grouped under their own quadrant.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > prose > numbers.",
              "confidence": 75
            }
          ],
          "page_number": 19
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 20
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 21
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant template; verified via image.",
              "confidence": 85
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Capital structure rows tightly grouped in lower-left quadrant.",
              "confidence": 80
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Navy header bars dominate each quadrant per image.",
              "confidence": 78
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Situation Overview annotates timeline: Feb-16, Mar-16, Jun-16 default.",
              "confidence": 65
            }
          ],
          "page_number": 22
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 23
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 24
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 25
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 26
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 27
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 28
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 29
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 30
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Situation callout annotates strategic review and reorganisation status.",
              "confidence": 60
            }
          ],
          "page_number": 31
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 32
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 33
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 34
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 35
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 36
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 37
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 38
        },
        {
          "tools": [
            {
              "id": 131,
              "slug": "gestalt-principles",
              "layer": "Slide",
              "evidence": "Same 4-quadrant case-study template.",
              "confidence": 82
            },
            {
              "id": 160,
              "slug": "law-of-proximity",
              "layer": "Slide",
              "evidence": "Quadrant grouping repeats template.",
              "confidence": 78
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Header bars > content.",
              "confidence": 75
            }
          ],
          "page_number": 39
        }
      ],
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