Goldman Sachs | Investment Banking Pitch Book | 48 slides

Goldman Sachs · 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

4
coverage by narrative range · generated from this deck JSON

Slide inventory

48
every slide · same image gating as the playbook
01
Slide 1
front_matter
Open slide detailBeat · Situation & Context
02
appendix
Open slide detailBeat · Situation & Context
03
The slide tracks financial metrics like unit prices, exchange ratios, and commodity prices to show variance between committee presentations.summarize
Open slide detailBeat · Situation & Context
04
Includes a calendar visualization with color-coded phases (Pre-Formation vs Post-Formation) and a detailed list of events.summarize
Open slide detailBeat · Situation & Context
05
front_matter
Open slide detailBeat · Situation & Context
06
transition
Open slide detailBeat · Problem & Complication
07
The chart uses color-coding to distinguish between different types of restructurings (IDR, Merger, Buy-in, etc.).analyze_data
Open slide detailBeat · Problem & Complication
08
Includes a comparison of current vs pro forma ownership structures and a 1-day price performance chart.establish_context
Open slide detailBeat · Problem & Complication
09
Includes quotes from CEO and Wells Fargo research.summarize
Open slide detailBeat · Problem & Complication
10
The slide categorizes transactions into 'Midstream - GP Only' and 'Inc'l. Upstream'.cite_precedent
Open slide detailBeat · Problem & Complication
11
The slide uses a table to contrast two strategic options for a corporate restructuring.compare_options
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
12
The slide compares 'GP Buys Midstream' vs 'GP Buys Midstream -- C-Corp NewCo'.compare_options
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
13
The slide tracks the market value of equity for a 'Midstream Family' of companies, split into Midstream and GP segments.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
14
Includes a legend for the stacked bar charts representing the ratio of distributions/equity value.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
15
The slide content is entirely redacted/blank, typical of a template or placeholder in a confidential investment banking deck.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
16
The slide uses grouped bar charts to compare financial projections under different corporate restructuring scenarios.quantify_impact
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
17
The slide appears to be a template or placeholder with only the header and footer present.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
18
The slide compares three distinct financial scenarios using bar charts to show growth in valuation metrics.compare_options
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
19
The slide uses a 2x2 grid of bar charts to compare financial metrics under different structural alternatives.compare_options
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
20
The slide uses a two-column layout to separate the calculation of equity value from the calculation of equity yield.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
21
The table uses color-coding (red/green) to indicate accretion or dilution. Source: Arkose Projections and Bloomberg market data as of 29-Mar-2018.analyze_data
Open slide detailBeat · Impact & Next Steps
22
The slide uses a chevron-based list structure to categorize observations.summarize
Open slide detailBeat · Impact & Next Steps
23
The table shows that many top investors hold positions in both structures, suggesting that governance is not the primary driver for avoiding 1099 GP investmentsanalyze_data
Open slide detailBeat · Impact & Next Steps
24
The slide uses Bloomberg relevance ratings to assess index importance.analyze_data
Open slide detailBeat · Impact & Next Steps
25
The table uses checkmarks and X marks to indicate compliance with specific criteria for Midstream, GP, and Pro Forma entities.compare_options
Open slide detailBeat · Impact & Next Steps
26
Includes a table of index ownership, a pie chart of current ownership, and a bar chart of required selling percentages.analyze_data
Open slide detailBeat · Impact & Next Steps
27
The slide uses a two-table layout to contrast selling pressure against potential buying demand.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Voice Of Customer
28
The slide highlights a trend where top shareholders are net buyers upon announcement but net sellers from announcement to post-close.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Voice Of Customer
29
The slide uses a combination of bar charts and dot markers to show company-specific equity changes versus index performance.compare_peers
Open slide detailBeat · Impact & Next StepsLoop · Voice Of Customer
30
Includes a specific $2.0 billion deduction in the entitlement calculation.analyze_data
Open slide detailBeat · Impact & Next StepsLoop · Voice Of Customer
31
The slide uses a two-column table structure to show the mathematical derivation of share conversion under two different valuation assumptions.analyze_data
Open slide detailBeat · Impact & Next Steps
32
Includes a table of GP metrics and a bar chart comparing status quo vs. GP buys midstream scenarios.quantify_impact
Open slide detailBeat · Impact & Next Steps
33
The slide uses a funnel-like diagram to show how inputs lead to specific decision paths.state_next_steps
Open slide detailBeat · Impact & Next Steps
34
transition
35
The slide uses stacked bar charts to show the breakdown of GP and LP equity values, with markers indicating indexed Alerian Index values.cite_precedent
36
The slide uses stacked bar charts to show equity value components (GP vs LP) and overlays markers for index performance.cite_precedent
37
The slide displays two stacked bar charts representing equity value components (GP vs LP) across six time intervals relative to the transaction date.analyze_data
38
The table uses color-coding (green/yellow/red) to indicate the direction and magnitude of share changes post-announcement and post-close.analyze_data
39
The table uses color-coding (green for positive, orange/red for negative) to indicate net buying or selling activity post-announcement and post-close.analyze_data
40
The table uses color-coding (green for buying, red/orange for selling) to visualize investor sentiment post-announcement and post-close.analyze_data
41
The table uses color-coding (green/yellow/red) to indicate the direction and magnitude of share changes post-announcement and post-close.analyze_data
42
transition
43
Includes a vertical axis annotation explaining the implications of the exchange ratio on ownership.analyze_data
44
Includes Goldman Sachs branding and disclaimer footer.analyze_data
45
Includes Goldman Sachs branding and disclaimer footer.analyze_data
46
The table compares Standalone Case, Adjustments, and Pro Forma scenarios across 2018E-2022E.analyze_data
47
Includes Goldman Sachs branding and standard investment banking disclaimer.analyze_data
48
The table compares Standalone Case, Adjustments, and Pro Forma scenarios across 2018E-2022E.analyze_data