Barclays | Investment Banking Pitch Book | 33 slides

Barclays · 2014-08
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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Slide inventory

33
every slide · same image gating as the playbook
01
Slide 1
front_matter
Open slide detailBeat · Situation & Context
02
front_matter
Open slide detailBeat · Situation & Context
03
transition
Open slide detailBeat · Situation & Context
04
Includes a 'Fairness Opinion Analysis' tag in the top right.summarize
Open slide detailBeat · Situation & ContextLoop · Golden Circle
05
The slide uses a side-by-side comparison to illustrate the simplification of corporate structure.compare_options
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
06
The slide uses a process-like diagram to link the consolidation event to specific strategic outcomes.present_solution
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
07
Fairness Opinion Analysis slide from a Barclays deck.compare_options
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
08
Includes a data table summarizing performance over various time horizons (Last 2-Years to Last One Month).compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
09
Fairness Opinion Analysis slide from a Barclays deck.compare_peers
Open slide detailBeat · Solution & Approach
10
Includes a specific disclaimer regarding the exclusion of relative valuation analysis for KMI versus KMP/KMR and EPB.present_framework
Open slide detailBeat · Solution & ApproachLoop · Zoom In
11
Fairness Opinion Analysis slide from a Barclays deck.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Zoom In
12
Includes specific exchange ratios, debt financing terms, and tax/capex assumptions.summarize
Open slide detailBeat · Solution & ApproachLoop · Zoom In
13
Includes fairness opinion analysis context and detailed footnotes regarding share counts and ownership.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Zoom In
14
Includes a fairness opinion disclaimer and footnotes regarding assumptions and scope.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Zoom In
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Fairness Opinion Analysis slide from a Barclays deck.compare_peers
Open slide detailBeat · Evidence & Proof
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Includes Fairness Opinion Analysis context and specific DCF assumptions.analyze_data
Open slide detailBeat · Evidence & Proof
17
Fairness Opinion Analysis slide from a Barclays deck.analyze_data
Open slide detailBeat · Evidence & Proof
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appendix
Open slide detailBeat · Evidence & Proof
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transition
Open slide detailBeat · Evidence & Proof
20
Includes WACC calculation components (Cost of Equity and After-Tax Cost of Debt).analyze_data
Open slide detailBeat · Evidence & Proof
21
Includes analyst estimates and management projections for cost of capital calculation.analyze_data
Open slide detailBeat · Impact & Next Steps
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transition
Open slide detailBeat · Impact & Next Steps
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Includes footnotes explaining the methodology for projections and consensus calculations.analyze_data
Open slide detailBeat · Impact & Next Steps
24
Includes a sensitivity table for terminal yield vs. indicative growth and a summary reference range.analyze_data
Open slide detailBeat · Impact & Next Steps
25
Includes a sensitivity table and a reference valuation range.analyze_data
Open slide detailBeat · Impact & Next Steps
26
Includes a footnote regarding data sources (Bloomberg and FactSet).analyze_data
Open slide detailBeat · Impact & Next Steps
27
transition
Open slide detailBeat · Impact & Next Steps
28
Includes summary statistics (Mean, Median, High, Low) at the bottom of the table.compare_peers
Open slide detailBeat · Impact & Next Steps
29
The table categorizes companies into 'Large Cap MLPs Without IDRs' and 'Large Cap US Midstream C-Corps', with a separate column for PF KMI.compare_peers
Open slide detailBeat · Impact & Next Steps
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Open slide detailBeat · Impact & Next Steps
31
The slide displays four combo charts (line for price, bar for volume) for four different entities.analyze_data
Open slide detailBeat · Impact & Next Steps
32
Includes detailed footnotes regarding calculation methodology and tax assumptions.analyze_data
Open slide detailBeat · Impact & Next Steps
33
Includes footnotes regarding calculation assumptions and source attribution.analyze_data
Open slide detailBeat · Impact & Next Steps