Starboard Value · conference-presentation
Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)
51 pages · 3 arc beats · 2 loops
Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)
Starboard Value · 2022-10 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
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Deck intelligence map
3 coverage by narrative range · generated from this deck JSON
Narrative range 45 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem 2 slides 100% 2/2 slides 100% 2/2 slides · 9 hits — 0/2 slides
100% 2/2 slides 50% 1/2 slides 100% 2/2 slides 100% 2/2 slides Agitate 4 slides 100% 4/4 slides 100% 4/4 slides · 23 hits — 0/4 slides
50% 2/4 slides · 3 hits 75% 3/4 slides 100% 4/4 slides 100% 4/4 slides Solution 39 slides 100% 39/39 slides 100% 39/39 slides · 277 hits — 0/39 slides
41% 16/39 slides · 19 hits 66.7% 26/39 slides 100% 39/39 slides 100% 39/39 slides · 45 hits Slide inventory
51 every slide · same image gating as the playbook
03
The slide highlights outperformance of specific investment ideas presented at a previous conference.illustrate_case
Open slide detailLoop · Before After
04
The chart uses IGV (iShares Expanded Tech-Software Sector) as the benchmark for software industry growth cohorts.analyze_data
05
The chart highlights a clear inflection point around late 2021 where high-growth valuations converged significantly with mid and low-growth cohorts.analyze_data
06
The slide uses a simple additive logic flow leading to a conclusion.summarize
Open slide detailLoop · Before After
09
The chart uses a red line for the stock price and a blue arrow to indicate the percentage drop.diagnose_problem
10
The chart uses a red bar for Wix to emphasize the outlier status compared to the blue peer bars.compare_peers
11
The chart uses the 'Rule of 40' metric (Growth + FCF Margin).compare_peers
12
Includes a negative margin bar for Wix and a median line for the peer group.compare_peers
13
The slide uses two green dashed-border boxes to highlight key financial projections.quantify_opportunity
15
Includes a valuation bridge table and a historical bar chart showing revenue growth from 2003 to 2026.analyze_data
16
The chart highlights Salesforce's underperformance relative to benchmarks and peers.compare_peers
17
The slide uses a 'before-after' style framing for the thesis, highlighting the discount relative to peers.compare_peers
18
The chart uses a 'Rule of 40' framework to benchmark performance. CRM is highlighted with a red dashed box.compare_peers
19
The chart highlights that Salesforce (CRM) has the lowest incremental margin (20.1%) compared to peers like ORCL (105.0%) and MSFT (61.9%).compare_peers
20
Starboard Value presentation slide criticizing Salesforce's targets relative to peers.expose_gap
21
The slide uses a scenario-based bridge to link operational margin improvements to financial valuation metrics.show_valuation_bridge
23
Includes enterprise value calculation and two pie charts showing ARR mix and product segment mix.establish_context
24
The slide uses a negative trend line to emphasize the share price decline.frame_problem
25
The slide uses two bar charts to compare valuation metrics across two peer groups defined by growth rates (20%+ vs 10-20%).compare_peers
26
The chart uses a 'Rule of 40' style metric (Growth + Margin). Splunk is highlighted in red at the far right.compare_peers
27
The chart uses a red bar to emphasize Splunk's underperformance relative to peers.compare_peers
28
The slide uses a visual contrast between a known entity (Gary Steele) and an unknown entity (CFO) to frame the leadership transition.frame_situation
29
The slide uses a before-after comparison to justify an investment thesis based on margin expansion.quantify_opportunity
31
Includes valuation metrics (EV/EBITDA) and basic capital structure.establish_context
32
The slide uses a screenshot from the TV show 'Silicon Valley' to illustrate a data center.establish_context
33
The slide uses a visual mapping of product categories to illustrate the company's market positioning.present_solution
34
The slide uses a structured layout to highlight competitive dominance in specific segments.quantify_opportunity
35
The slide uses a causal link between consumption drivers and capex growth.quantify_opportunity
36
The slide uses a timeline to frame the company's history as a series of missed operational opportunities.establish_context
37
The chart uses a combination of bar (Capital Raised) and line (IPO Count) to visualize market trends.illustrate_case
38
The slide uses a 'before-after' framing to establish credibility for the nominee.introduce_nominees
39
The slide uses a 'growth-first' narrative to critique management's lack of operational focus.expose_contradiction
40
The slide uses a combination of a stock price chart and bar charts to highlight the discrepancy between guidance and actual performance.expose_contradiction
41
Uses a red dashed box to highlight the outlier performance of Vertiv.expose_gap
42
Uses a sequence of quotes to build a narrative of management failure and subsequent intervention.expose_contradiction
43
The slide uses a red line to highlight the underperforming subject (Vertiv) against blue/grey lines for benchmarks.compare_peers
44
The slide uses a red-shaded area to visually emphasize the performance gap between the two indices.expose_gap
45
The slide uses a red bar for the subject company (Vertiv) to emphasize the valuation gap relative to the peer median.expose_gap
46
The chart uses a stacked bar approach to show the components of performance (growth vs margin) relative to a peer median.compare_peers
47
The slide uses a red bar for Vertiv Today to emphasize the gap relative to the peer median.compare_peers
48
The slide uses a waterfall bridge to decompose the margin expansion opportunity into specific drivers like pricing, lean manufacturing, and procurement.show_valuation_bridge
49
The slide uses a before-after framing to contrast the CEO's past performance with the expected future performance of the company.introduce_nominees
50
Uses a waterfall-bridge style to show valuation gaps relative to peer averages.show_valuation_bridge