Hyundai Motor Group

Elliott · 2018-04
arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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Deck intelligence map

3
coverage by narrative range · generated from this deck JSON

Slide inventory

43
every slide · same image gating as the playbook
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Slide 1
Includes Elliott Management branding.front_matter
Open slide detailBeat · Problem (Identify pain)
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other
Open slide detailBeat · Problem (Identify pain)
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front_matter
Open slide detailBeat · Problem (Identify pain)
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This slide serves as a credibility-building appendix, highlighting past success to validate the current proposal for Hyundai.summarize
Open slide detailBeat · Problem (Identify pain)
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summarize
Open slide detailBeat · Problem (Identify pain)
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The slide uses a table-based framework to compare proposed changes across three entities: Mobis, HMC, and Kia.summarize
Open slide detailBeat · Problem (Identify pain)
07
Slide number 2 in the deck.transition
Open slide detailBeat · Problem (Identify pain)
08
The slide uses a line chart to show market share trends and a list of metrics to highlight key performance achievements.summarize
Open slide detailBeat · Problem (Identify pain)
09
The slide categorizes markets into Domestic, Largest, and Growth, providing OEM ranking, market share, and growth projections for each.quantify_opportunity
Open slide detailBeat · Problem (Identify pain)
10
The chart uses an inverted Y-axis where lower values indicate fewer problems and higher quality.compare_peers
Open slide detailBeat · Agitate (Make it worse)
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The slide uses a callout-style diagram to map specific components to internal/external suppliers, paired with a bar chart showing cost competitiveness.compare_peers
Open slide detailBeat · Agitate (Make it worse)
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Includes detailed footnotes regarding peer group composition and financial definitions.summarize
Open slide detailBeat · Agitate (Make it worse)
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transition
Open slide detailBeat · Agitate (Make it worse)
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The slide uses a before-after diagram to illustrate the impact of the proposed corporate restructuring.frame_situation
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
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The slide uses a before-after comparison to argue for a holding company structure over the proposed restructuring plan.compare_peers
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
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preempt_rebuttal
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
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The slide uses a comparative table to highlight the discrepancy between the implied P/E multiples of the spun-off business versus the remaining business and Gloexpose_contradiction
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
18
Uses bar charts to contrast company performance against peer averages over a 6-year period.compare_peers
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
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The slide highlights the lack of independence and diversity in the HMC group boards compared to global peers.compare_peers
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
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The slide uses a grid of testimonials to build a consensus narrative against the proposed deal.expose_contradiction
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
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The slide uses a shaded region to highlight the specific two-day window of negative market reaction.expose_contradiction
Open slide detailBeat · Solution (Provide relief)
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The slide uses a large number '4' to denote the section number.transition
Open slide detailBeat · Solution (Provide relief)Loop · Cost Of Inaction
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expose_gap
Open slide detailBeat · Solution (Provide relief)Loop · Cost Of Inaction
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The slide uses a line chart for historical performance and a table for relative total shareholder returns over 1-5 year periods.compare_peers
Open slide detailBeat · Solution (Provide relief)Loop · Cost Of Inaction
25
The slide uses two line charts to demonstrate the valuation gap between Hyundai Mobis and its peers.compare_peers
Open slide detailBeat · Solution (Provide relief)Loop · Cost Of Inaction
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The chart uses indexed data starting at 100 on 4/20/2013.compare_peers
Open slide detailBeat · Solution (Provide relief)Loop · Cost Of Inaction
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The data highlights consistent negative performance (underperformance) for both companies across most time horizons.compare_peers
Open slide detailBeat · Solution (Provide relief)Loop · Cost Of Inaction
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The chart highlights the persistent valuation gap between the target companies and the broader automotive peer group.compare_peers
Open slide detailBeat · Solution (Provide relief)Loop · Cost Of Inaction
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The chart shows a multi-year trend from 2013 to 2018.compare_peers
Open slide detailBeat · Solution (Provide relief)
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transition
Open slide detailBeat · Solution (Provide relief)
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propose_solution
Open slide detailBeat · Solution (Provide relief)
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The slide outlines a specific corporate restructuring plan involving mergers, demergers, and tender offers.propose_solution
Open slide detailBeat · Solution (Provide relief)
33
Includes a disclaimer box at the bottom regarding the scope of the proposals.propose_solution
Open slide detailBeat · Solution (Provide relief)
34
The slide outlines a hypothetical restructuring step involving a merger ratio of 1:1.52.propose_solution
Open slide detailBeat · Solution (Provide relief)
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Includes a bridge-style logic showing how margin and valuation discount metrics lead to a market cap upside.quantify_opportunity
Open slide detailBeat · Solution (Provide relief)
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The diagram uses a hierarchical structure to show ownership stakes post-demerger.propose_solution
Open slide detailBeat · Solution (Provide relief)
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The diagram shows the post-tender offer ownership structure with treasury stakes highlighted.propose_solution
Open slide detailBeat · Solution (Provide relief)
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The diagram illustrates the complex web of cross-shareholdings between the Founding Family, Hyundai entities, and Kia.propose_solution
Open slide detailBeat · Solution (Provide relief)
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Uses a waterfall-style bridge to illustrate the excess cash gap.propose_solution
Open slide detailBeat · Solution (Provide relief)
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The slide uses two bar charts to benchmark payout ratios, highlighting that Hyundai's current policies are vague and below peer averages.compare_peers
Open slide detailBeat · Solution (Provide relief)
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The slide outlines specific corporate governance reforms requested by Elliott.state_demand
Open slide detailBeat · Solution (Provide relief)
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compare_peers
Open slide detailBeat · Solution (Provide relief)
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Contains only the Elliott logo and page number.filler
Open slide detailBeat · Solution (Provide relief)