Elliott Management · activist-deck
BMC Software (BMC)
72 pages · 4 arc beats · 2 loops
BMC Software (BMC)
Elliott Management · 2012-05 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
151015202530354045505560657072
Deck intelligence map
4 coverage by narrative range · generated from this deck JSON
Narrative range 15 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem Statement 2 slides 100% 2/2 slides 100% 2/2 slides · 9 hits — 0/2 slides
— 0/2 slides
50% 1/2 slides 100% 2/2 slides — 0/2 slides
Expose Contradiction 9 slides 100% 9/9 slides 100% 9/9 slides · 60 hits — 0/9 slides
11.1% 1/9 slides 66.7% 6/9 slides 100% 9/9 slides — 0/9 slides
Thesis Headline 2 slides 100% 2/2 slides 100% 2/2 slides · 15 hits — 0/2 slides
— 0/2 slides
50% 1/2 slides 100% 2/2 slides — 0/2 slides
Propose Solution 2 slides 100% 2/2 slides 100% 2/2 slides · 12 hits — 0/2 slides
50% 1/2 slides · 2 hits 50% 1/2 slides 100% 2/2 slides — 0/2 slides
Slide inventory
72 every slide · same image gating as the playbook
02
This is a minimal cover slide containing only the presentation title, date, and document metadata.front_matter
06
This slide is effectively empty, containing only header and footer metadata.filler
07
This is a classic activist 'opening hook' slide, establishing the investor's stake and the core grievance.frame_problem
08
The slide is entirely empty of content other than page numbering and document identifiers.filler
09
This slide serves as a credentialing page for the activist investor (Elliott) and summarizes their due diligence process.establish_context
10
The slide contains only header/footer information (date, title, page number, and source URL).filler
11
The slide uses a 'villain' framing by highlighting consistent underperformance across all benchmarks.compare_peers
Open slide detailLoop · Logic Chain
12
This appears to be a blank page containing only a footnote and page numbering.appendix
Open slide detailLoop · Logic Chain
13
The slide highlights BMC's consistent underperformance relative to benchmarks and peers, using data from Capital IQ.compare_peers
Open slide detailLoop · Logic Chain
14
This slide serves as a footnote or reference page for a previous slide in the deck.appendix
15
The slide uses red dashed lines and callouts to link specific negative company announcements to stock price drops.expose_contradiction
17
The slide uses a dual-panel structure to contrast the underperforming ESM segment with the stable, high-margin MSM segment.analyze_data
18
This slide appears to be a placeholder or a page containing only a footnote disclosure.appendix
21
This is a classic activist investor 'case for change' slide.diagnose_problem
Open slide detailBeat · Problem Statement
22
The slide contains only header and footer metadata.filler
Open slide detailBeat · Problem Statement
23
Uses a chronological list of quotes to highlight management's failure to deliver on stated strategic goals.expose_contradiction
Open slide detailBeat · Expose Contradiction
24
The slide contains only header and footer information.filler
Open slide detailBeat · Expose Contradiction
25
Uses CEO quotes to highlight the gap between management's stated strategy and actual financial performance.expose_contradiction
Open slide detailBeat · Expose Contradiction
26
The slide uses a visual comparison of two bar charts to contrast BMC and CA performance, with a vertical text label 'Management's Failed Projections'.compare_peers
Open slide detailBeat · Expose Contradiction
27
Uses a combination of a table of quotes and a visual timeline to contrast predictions vs reality.expose_contradiction
Open slide detailBeat · Expose Contradiction
28
The slide contains only header and footer information, indicating it is a blank page in the original document.filler
Open slide detailBeat · Expose Contradiction
29
Uses a chronological sequence of quotes to demonstrate management's denial and subsequent admission of failure regarding SaaS.expose_contradiction
Open slide detailBeat · Expose Contradiction
30
The slide contains only header/footer information and is otherwise empty.filler
Open slide detailBeat · Expose Contradiction
31
Uses a comparison of revenue growth composition and operating margins to highlight poor performance.expose_contradiction
Open slide detailBeat · Expose Contradiction
32
The slide is essentially blank except for a footnote and header/footer information.appendix
33
The slide uses a table to list 27 acquisitions, showing deal value, LTM revenues, and revenue multiples to support the argument of poor capital allocation.name_villain
Open slide detailLoop · Cost Of Inaction
34
This appears to be a footnote or reference slide from a larger deck.appendix
Open slide detailLoop · Cost Of Inaction
35
The chart uses a bridge-like structure to isolate 'Implied Organic Growth' as a small residual value.expose_contradiction
Open slide detailLoop · Cost Of Inaction
36
The slide is essentially blank except for a header, a footnote, and page numbering.appendix
37
Uses a comparison of 'As Reported' vs 'Normalized' margins to expose a performance gap.diagnose_problem
38
This appears to be a footnote or disclosure page from a larger presentation, likely an activist investor deck.appendix
39
The slide uses a 'villain critique' framing by highlighting the company's small size and poor growth relative to larger, more successful competitors.compare_peers
41
The slide uses a central diagram to position BMC between traditional infrastructure software and next-gen SaaS players.compare_peers
43
The slide uses a grid of director bios to argue that the current board is stale and lacks specific industry-relevant experience.introduce_nominees
46
The slide contains only header and footer information typical of a SEC filing exhibit.filler
47
This is a classic activist investor 'thesis' slide, outlining the 'why' (unlocked value) and the 'how' (new board members + strategic review).propose_solution
Open slide detailBeat · Thesis Headline
48
The slide contains only header and footer information, indicating it is a blank page in the original document.filler
Open slide detailBeat · Thesis Headline
49
The slide uses a structured table format to compare the four nominees against a set of desired strategic competencies.introduce_nominees
51
The slide uses a bulleted list to build a case for the company's value proposition to potential strategic acquirers.frame_situation
53
The slide uses conservative assumptions, excluding synergies and assuming specific debt/cash funding structures.show_valuation_bridge
54
This appears to be a sparse appendix page containing a single numbered footnote.appendix
55
The slide uses a list of PE firms and their portfolio companies to demonstrate market activity and interest in the software sector.size_opportunity
56
The slide contains only header/footer information typical of a formal deck.filler
57
The slide uses two side-by-side sensitivity tables to demonstrate the impact of debt-funded share repurchases on EPS.quantify_opportunity
58
This appears to be a blank slide containing only header/footer information and a specific financial footnote.appendix
59
The table is split into three columns, with the final column including a highlighted row for BMC Software.compare_peers
60
The slide is essentially blank except for a footnote and header/footer information.appendix
61
Uses a waterfall-bridge chart to visualize margin expansion.propose_solution
Open slide detailBeat · Propose Solution
62
This appears to be a single footnote from a larger slide deck, likely page 30 of the original document.appendix
Open slide detailBeat · Propose Solution
63
This is an activist investor slide from Elliott Management targeting BMC Software.size_opportunity
65
The slide uses a consistent 2011A vs 2016E format with CAGR annotations for each segment.size_opportunity
68
This slide contains only header and footer information, typical of a blank page in a deck.filler
69
The slide uses a grid layout to categorize external validation of the activist's thesis.cite_precedent
70
The slide contains only header and footer information, indicating it is a blank page in the original document.filler