Deutsche Bank | Investment Banking Pitch Book | 38 slides

Deutsche Bank · 2018-02
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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Deck intelligence map

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coverage by narrative range · generated from this deck JSON

Slide inventory

38
every slide · same image gating as the playbook
01
Slide 1
front_matter
02
front_matter
03
transition
04
The slide uses a three-row table structure to categorize events into timeline, due diligence, and buyer activity.establish_context
Open slide detailBeat · Situation & Context
05
establish_context
Open slide detailBeat · Situation & Context
06
transition
07
The slide compares two distinct management projection scenarios, likely for valuation purposes.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Mece Breakdown
08
Includes historical data (A) and projected data (E).compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Mece Breakdown
09
The chart uses a waterfall bridge to show how specific line items (Gross written premium, Loss ratio, etc.) contribute to the delta between Case 1 and Case 2.analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Mece Breakdown
10
transition
11
The slide uses a color-coded table structure to categorize valuation approaches into Trading, DDM, M&A, and Reference metrics.present_framework
Open slide detailBeat · Evidence & Proof
12
The slide uses a waterfall-style bar chart to visualize valuation ranges across different methodologies.analyze_data
Open slide detailBeat · Evidence & Proof
13
Includes a specific callout for the January 9, 2018 acquisition offer by Stone Point Capital.compare_peers
Open slide detailBeat · Evidence & Proof
14
The chart tracks stock price rebased to Pine's price, showing a significant drop following Q3 earnings and a subsequent offer.analyze_data
Open slide detailBeat · Evidence & Proof
15
Includes valuation tables for current, 1-year, and 5-year averages, as well as specific offer price scenarios.compare_peers
Open slide detailBeat · Evidence & Proof
16
Includes operating ROE/ROTE data points at the bottom of each chart.compare_peers
Open slide detailBeat · Evidence & Proof
17
Includes regression equation and R-squared value. Pine projections are highlighted with specific discount scenarios.compare_peers
Open slide detailBeat · Evidence & Proof
18
Includes a table overlaying specific valuation scenarios (Case 1 and Case 2) with implied discounts and prices.compare_peers
Open slide detailBeat · Evidence & Proof
19
Includes a peer beta table, a cost of equity calculation table, and a sensitivity analysis matrix.compare_peers
Open slide detailBeat · Evidence & Proof
20
Includes sensitivity tables for P/E multiple and Perpetuity growth rate against Cost of Equity.analyze_data
Open slide detailBeat · Evidence & Proof
21
Includes a waterfall chart for components of present value and two sensitivity tables.analyze_data
Open slide detailBeat · Evidence & Proof
22
Data includes deal size, NTM P/E, P/B, P/TBV, and various offer premiums (1-day, 1-week, 1-month, 90-day VWAP).cite_precedent
Open slide detailBeat · Evidence & Proof
23
Includes domestic insurance transactions since 2000 over $200mm in deal value.cite_precedent
Open slide detailBeat · Evidence & Proof
24
The chart highlights the median price targets for both unaffected and current research.compare_peers
Open slide detailLoop · Cost Of Inaction
25
transition
Open slide detailLoop · Cost Of Inaction
26
compare_peers
Open slide detailBeat · Impact & Next Steps
27
appendix
Open slide detailBeat · Impact & Next Steps
28
The table displays financial metrics for a company at different hypothetical offer prices, comparing them against historical price points and earnings estimatesanalyze_data
Open slide detailBeat · Impact & Next StepsLoop · Before After
29
The table evaluates valuation metrics under different scenarios (Case 1 vs Case 2) and reserve development assumptions.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Before After
30
The table illustrates the impact of reserve redundancy or deficiency on financial metrics like NOI, BVPS, and TBVPS.analyze_data
Open slide detailBeat · Impact & Next Steps
31
Includes a pie chart for shareholder breakdown and two detailed tables for family and public ownership.analyze_data
Open slide detailBeat · Impact & Next Steps
32
appendix
Open slide detailBeat · Impact & Next Steps
33
The slide uses a grouped bar chart format to compare two scenarios (Case 1 and Case 2) over time.compare_peers
Open slide detailBeat · Impact & Next Steps
34
Includes CAGR annotations for Underwriting profit and Service and fee income; Net investment income includes yield percentages.analyze_data
Open slide detailBeat · Impact & Next Steps
35
Includes a specific callout explaining a large negative adjustment in 2017E related to the sale of Tecmo.analyze_data
Open slide detailBeat · Impact & Next Steps
36
The slide compares two scenarios (Case 1 and Case 2) across four financial metrics from 2015A to 2022E.analyze_data
Open slide detailBeat · Impact & Next Steps
37
The slide compares two cases (Case 1 in orange, Case 2 in green) across four financial metrics. Data includes historical (A) and estimated (E) figures.analyze_data
Open slide detailBeat · Impact & Next Steps
38
other
Open slide detailBeat · Impact & Next Steps