Evercore | Investment Banking Pitch Book | 47 slides

Evercore · 2012-11
arc beats above · slides in the middle · loops below · scroll → 3 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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Slide inventory

47
every slide · same image gating as the playbook
01
Slide 1
front_matter
03
front_matter
04
transition
05
This is an introductory slide for a financial advisory presentation.establish_context
Open slide detailBeat · Situation & Context
06
summarize
Open slide detailBeat · Situation & Context
07
The slide uses a hierarchical tree structure to represent corporate ownership, with specific callouts for convertible preferred stock terms.present_framework
08
The slide outlines the timeline and nature of technical interactions between the advisor and the client.summarize
09
This is a standard disclosure slide detailing the scope of work for a financial advisory engagement.summarize
10
transition
11
Includes a table of key company data and implied metrics, and a line chart comparing stock performance.establish_context
Open slide detailBeat · Problem & ComplicationLoop · Aha Moment
12
Includes a map of operations and a detailed reserve table.establish_context
Open slide detailBeat · Problem & ComplicationLoop · Aha Moment
13
The slide uses a dual-axis chart (line for price, area for volume) annotated with specific event callouts.establish_context
Open slide detailBeat · Problem & ComplicationLoop · Aha Moment
14
The slide includes a footnote explaining the discounted price target calculation.analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Aha Moment
15
Slide contains multiple analyst quotes from 2012, highlighting a mix of optimism regarding exploration potential and skepticism regarding financial liquidity ansummarize
Open slide detailBeat · Problem & ComplicationLoop · Aha Moment
16
Includes a table of institutional and insider shareholders, and two pie charts detailing investor types and turnover rates.analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Aha Moment
17
The data represents trading volume in thousands across five price brackets ($7-$9, $9-$11, $11-$13, $13-$15, $15+).analyze_data
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
18
The slide details specific technical and economic parameters for oil and gas exploration and development, such as success rates, well costs, and tax rates.establish_context
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
19
The table includes production metrics (Natural Gas, Oil, Plant Products), financial metrics (Revenue, LOE, G&A, EBITDAX, Interest, Dividends, Taxes, Capex, FCF)analyze_data
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
20
transition
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
21
Includes valuation multiples (EV/EBITDAX, etc.) and premium analysis against VWAP and Simple Average share prices.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
22
The slide details standard investment banking valuation techniques: NAV, Peer Trading, Precedent Transactions, and DCF.present_framework
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
23
The chart uses a standard 'football field' format to visualize valuation ranges across different methodologies.compare_options
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
24
The slide details specific technical and financial inputs including rig counts, well costs, production profiles, and pricing sensitivities.establish_context
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
25
Part of a preliminary financial analysis deck.establish_context
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
26
The slide presents reserve data for Gulf of Mexico Shelf, Gulf Coast Onshore, and Total Conventional Assets, with supporting pie charts for category, product mianalyze_data
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
27
The slide uses stacked area charts for production and stacked bar charts for capital expenditures, categorized by reserve type (Proved Developed Producing, Behianalyze_data
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
28
The slide uses a standard petroleum systems analysis framework to assess geological risk.diagnose
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
29
The table includes columns for Gross/Net Unrisked and Gross/Net Risked Resource Potential in Bcfe, along with Geologic and Mechanical Chance of Success (COS).analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
30
Includes three distinct charts: Net Production (area), Net Operating Income/Capex/Cumulative FCF (combo bar/line), and Free Cash Flow (stacked bar).analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
31
The slide uses a decision tree structure to illustrate the probability-weighted outcomes (GCOS and MCOS).present_framework
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
32
The table displays a comprehensive breakdown of asset valuations, deductions, and equity adjustments across multiple discount rate scenarios.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
33
The table displays various reserve categories, asset values, and adjustments to arrive at an equity value per share under different price scenarios.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
34
The slide presents two distinct tables comparing McMoRan Exploration Co. against specific peer groups.compare_peers
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
35
Includes adjustments for cash, debt, and preferred shares to arrive at equity value.quantify_impact
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
36
Data source: IHS Herold. Includes summary statistics (Max, Min, Mean, Median) at the bottom of the table.cite_precedent
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
37
The table includes transaction values, reserve metrics, production data, and implied valuation multiples.cite_precedent
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
38
The slide contains two distinct tables summarizing transaction metrics for different asset types in the Gulf of Mexico.cite_precedent
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
39
The table is segmented by Offshore Discoveries, Offshore Prospects, and Onshore prospects, with totals for each category and a grand total.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
40
The slide uses a standard precedent transaction valuation methodology to derive an implied equity value range.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Waterfall Value
41
Data sourced from IHS Herold and FactSet; includes transactions >$100 million.cite_precedent
42
The slide uses a standard precedent transaction valuation methodology to derive an implied equity value range.analyze_data
43
The slide includes a primary table of transaction data and a secondary table calculating an implied equity value range based on selected premium multiples.cite_precedent
44
Includes sensitivity tables for WACC vs EBITDA multiple and WACC vs Perpetuity Growth Rate.analyze_data
46
Includes detailed footnotes explaining the calculation methodology for beta, WACC, and equity cost of capital.compare_peers
47
Contains three charts and one sensitivity table.appendix