Goldman Sachs | Investment Banking Pitch Book | 33 slides

Goldman Sachs · 2016-10
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
summarize
Open slide detailBeat · Situation & Context
03
The slide lists specific M&A transactions with deal values, serving as a credibility-building 'tombstone' list for the leadership team.other
Open slide detailBeat · Situation & Context
04
The slide uses a hub-and-spoke diagram to organize team members by their specific coverage or execution roles.other
Open slide detailBeat · Situation & Context
05
Includes both aggregate 2010-2016 data and 2016 YTD data, plus a multi-year ranking table.compare_peers
Open slide detailBeat · Situation & Context
06
The slide uses a bar chart for market share comparison and grid-based tables for deal credentials.compare_peers
Open slide detailBeat · Problem & Complication
07
Includes a press clipping from The New York Times dated October 21, 2016, highlighting the 16x EBITDA multiple and 20% premium.analyze_data
Open slide detailBeat · Problem & Complication
08
Includes red-circled annotations on the source slide highlighting key terms like 'earnings accretive', 'relatively modest', and 'solid investment grade'.illustrate_case
Open slide detailBeat · Problem & Complication
09
The slide compares share prices, exchange rates, and implied offer values to calculate transaction premia.analyze_data
Open slide detailBeat · Problem & Complication
10
The slide uses a series of division operations to show how different EBITDA adjustments and synergies compress the transaction multiple from 16.1x down to 11.2xquantify_impact
Open slide detailBeat · Problem & Complication
11
Includes a probability tree for deal outcomes and a bar chart showing implied price bump over time.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Aha Moment
12
Includes sensitivity analysis for cash vs stock mix and additional tax synergies.compare_options
Open slide detailBeat · Evidence & ProofLoop · Aha Moment
13
The slide uses a timeline diagram to visualize the typical progression of a squeeze-out transaction and a table to summarize key financial and temporal statisticite_precedent
Open slide detailBeat · Evidence & ProofLoop · Aha Moment
14
Includes a specific callout regarding governance agreement constraints.plan_implementation
Open slide detailBeat · Evidence & ProofLoop · Aha Moment
15
The slide uses a matrix structure to organize valuation components across three pillars: Standalone Plan, Sources of Value, and Combination Analysis.present_framework
Open slide detailBeat · Evidence & ProofLoop · Aha Moment
16
The slide uses a table structure to categorize due diligence items for a potential M&A transaction between 'Braves' and 'Royals'.diagnose
Open slide detailBeat · Evidence & ProofLoop · Aha Moment
17
The slide uses a structured table-like layout to categorize key insights into three main pillars.summarize
Open slide detailBeat · Impact & Next Steps
18
transition
Open slide detailBeat · Impact & Next Steps
19
The slide uses a timeline visualization to show the progression of deal events (announcements, price increases, merger agreements, and closing).cite_precedent
Open slide detailBeat · Impact & Next Steps
20
The slide uses a timeline visualization to show the progression of offers and transaction closing dates.cite_precedent
Open slide detailBeat · Impact & Next Steps
21
The slide uses a timeline visualization with color-coded dots to represent different stages of the transaction process.cite_precedent
Open slide detailLoop · Hypothesis Test
22
transition
Open slide detailLoop · Hypothesis Test
23
Includes Goldman Sachs branding; data sourced from Thomson 13F filings.analyze_data
Open slide detailLoop · Hypothesis Test
24
Data sourced from Thomson 13F filings as of Q2 '16.compare_peers
Open slide detailLoop · Hypothesis Test
25
Provides technical definitions for deal structuring in investment banking.establish_context
Open slide detailLoop · Hypothesis Test
26
transition
27
Includes enterprise value bar chart with specific ownership exclusions for Altria and British American Tobacco.compare_peers
28
Includes a specific callout for the Royals/LO transaction impact on enterprise value.analyze_data
29
Includes a specific callout for 'Average Premium' by quarter and a 'Brexit' vertical marker.analyze_data
30
Includes a pie chart visualization of recommendation distribution (Hold 25%, Buy 75%) and a median price target calculation.analyze_data
31
Includes a summary row for a proposed transaction and descriptive statistics (High, Low, Median, Mean) for the precedent set.cite_precedent
32
Includes a bar chart for transaction synergy percentages and four pie charts for synergy composition.analyze_data
33
Goldman Sachs Investment Banking Division slide.compare_peers