Elliott · activist-deck
Telecom Italia SpA (TIM) (TIT.MI)
37 pages · 3 arc beats · 2 loops
Telecom Italia SpA (TIM) (TIT.MI)
Elliott · 2018-04 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 34 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem (Identify pain) 6 slides 100% 6/6 slides 100% 6/6 slides · 31 hits — 0/6 slides
16.7% 1/6 slides 50% 3/6 slides 100% 6/6 slides — 0/6 slides
Agitate (Make it worse) 13 slides 100% 13/13 slides 100% 13/13 slides · 84 hits — 0/13 slides
15.4% 2/13 slides · 3 hits 84.6% 11/13 slides 100% 13/13 slides 100% 13/13 slides Solution (Provide relief) 15 slides 100% 15/15 slides 100% 15/15 slides · 89 hits — 0/15 slides
33.3% 5/15 slides 66.7% 10/15 slides 100% 15/15 slides 40% 6/15 slides Slide inventory
37 every slide · same image gating as the playbook
05
The slide uses a waterfall chart to visualize the negative performance gap between TIM and market benchmarks.expose_contradiction
Open slide detailBeat · Problem (Identify pain)
06
The slide uses a chronological list format to establish credibility and a track record of activism.summarize
Open slide detailBeat · Problem (Identify pain)
08
The slide uses a high-contrast abstract image of fiber optics, likely symbolizing connectivity or infrastructure.transition
Open slide detailBeat · Problem (Identify pain)
09
The slide uses a contrast-pairs framework to juxtapose TIM's performance with Vivendi's influence.frame_situation
Open slide detailBeat · Problem (Identify pain)
10
The charts illustrate a clear shift from negative to positive growth, attributing the improvement to pre-existing strategic initiatives.analyze_data
11
The slide uses a combination of an area chart for relative capex, a bar chart for coverage, and a data table for operational KPIs.analyze_data
12
The slide uses a 'bridge' or 'delta' visualization to show the incremental improvement in financial metrics.analyze_data
13
Uses a combination of a bar chart for valuation discount and a bar chart for EBITDA growth to highlight a divergence between market perception and operational pexpose_gap
15
The diagram illustrates the flow of capital and the conflict of interest between Bolloré, Vivendi, and TIM minorities.expose_contradiction
16
The slide uses a list-based structure to build a case against Vivendi's management.name_villain
17
Uses rhetorical questions to challenge management's alignment with minority shareholders.expose_contradiction
18
The slide uses a structured list format to categorize specific grievances against Vivendi's stewardship.name_villain
19
The slide uses voting tables to demonstrate that Vivendi's 20% stake was the deciding factor in passing motions that other investors opposed.expose_contradiction
20
The slide uses tables to isolate Vivendi's voting block from other institutional investors to highlight the lack of broader support.expose_contradiction
21
Uses a quote to frame the contradiction against the reality of Vivendi's ownership stake.expose_contradiction
22
The slide uses 'alpha' (α) to denote relative performance against the index.expose_contradiction
23
The slide uses a futuristic, abstract digital grid graphic to signal a shift in topic.transition
Open slide detailBeat · Solution (Provide relief)
24
The slide outlines a strategic framework categorized into four main pillars: Domestic, Other Businesses, Cash-flow generation, and Agile organisation.summarize
Open slide detailBeat · Solution (Provide relief)
25
Uses a contrast-pairs framework to frame the activist's position against the incumbent.compare_peers
Open slide detailBeat · Solution (Provide relief)
27
The slide uses a structural diagram to map out the proposed corporate reorganization into distinct entities (NetCo, Sparkle, Inwit, Brazilian business, ServiceCpropose_solution
Open slide detailBeat · Solution (Provide relief)
28
The chart uses a bridge format to show incremental value creation steps.show_valuation_bridge
29
Includes a highlighted 'Illustrative Case' column.analyze_data
30
The slide compares EPS and voting dilution across 2018-2020 projections.quantify_opportunity
31
Includes a historical reference to a 2017 CEO statement regarding the valuation range.show_valuation_bridge
32
The slide uses a waterfall bridge to reconcile Equity Value to Enterprise Value and then subtracts specific assets to arrive at the Stub value.show_valuation_bridge
33
The slide uses a 'Status-quo' to 'Separation' to 'Rerating' bridge to justify the €7bn value creation claim.show_valuation_bridge
34
Uses a 'preempt_rebuttal' structure to address a specific counter-argument against the activist's proposal.preempt_rebuttal
Open slide detailBeat · Solution (Provide relief)
35
The chart shows a bridge from current TIM Net Debt to a Pro-forma Stub Net Debt.show_valuation_bridge
Open slide detailBeat · Solution (Provide relief)
36
The slide uses a valuation bridge approach to demonstrate how deleveraging unlocks shareholder value through dividends.show_valuation_bridge
Open slide detailBeat · Solution (Provide relief)