Trian Partners · activist-deck
Trian Partners | Activist Presentation Deck | 42 slides
42 pages · 3 arc beats · 2 loops
Trian Partners | Activist Presentation Deck | 42 slides
Trian Partners · 2018-10 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
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Deck intelligence map
3 coverage by narrative range · generated from this deck JSON
Narrative range 39 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem (Identify pain) 12 slides 100% 12/12 slides 100% 12/12 slides · 58 hits — 0/12 slides
25% 3/12 slides 91.7% 11/12 slides 100% 12/12 slides 50% 6/12 slides Agitate (Make it worse) 13 slides 100% 13/13 slides 100% 13/13 slides · 62 hits — 0/13 slides
— 0/13 slides
84.6% 11/13 slides 100% 13/13 slides 100% 13/13 slides · 23 hits Solution (Provide relief) 14 slides 100% 14/14 slides 100% 14/14 slides · 68 hits — 0/14 slides
7.1% 1/14 slides 85.7% 12/14 slides 100% 14/14 slides 57.1% 8/14 slides · 12 hits Slide inventory
42 every slide · same image gating as the playbook
04
This is a classic activist investor 'Situation Overview' slide, framing the company as undervalued and poorly managed to justify intervention.frame_situation
Open slide detailBeat · Problem (Identify pain)
05
The chart uses a red dashed oval to highlight the recent divergence in the discount metrics.expose_gap
Open slide detailBeat · Problem (Identify pain)
06
The slide uses a precedent transaction analysis to argue that the subject company is undervalued.cite_precedent
Open slide detailBeat · Problem (Identify pain)
08
The slide uses a clear contrast between positive (blue) and negative (red) performance to highlight PPG's underperformance.compare_peers
Open slide detailBeat · Problem (Identify pain)
09
The slide highlights PPG's underperformance relative to peers and GDP, using a red bar for PPG to emphasize the negative result.compare_peers
Open slide detailBeat · Problem (Identify pain)
10
Uses a CEO quote to highlight the gap between management's stated goals and actual performance.expose_contradiction
11
Uses a comparison of consensus vs revised guidance to demonstrate a pattern of poor performance.expose_contradiction
12
The table demonstrates the gap between original reported EPS and restated EPS, showing how 'beats' turned into 'misses' after accounting corrections.expose_contradiction
13
Uses a third-party analyst quote to validate the activist's critique of management.name_villain
14
The chart uses annotations to link specific takeover events to stock price movements.expose_contradiction
15
The slide uses Glassdoor data to highlight a negative trend in internal sentiment compared to industry peers.compare_peers
17
Includes a disclaimer at the bottom regarding intent and source.propose_solution
18
The slide uses a torn-paper visual effect to frame the quote.cite_precedent
19
The chart uses a vertical dashed line to demarcate the management change after 2015.illustrate_case
20
The chart shows a shift from a diversified portfolio to a pure-play coatings business.analyze_data
21
The chart highlights PPG's performance relative to a peer median of 187%.compare_peers
22
The chart uses a red bar for PPG to emphasize its outlier status compared to the blue bars of its peers.compare_peers
23
The slide uses a comparison framework to justify a corporate breakup (breakup-spinoff).propose_solution
24
The slide uses a 'breakup-spinoff' logic to justify the activist strategy.present_solution
25
The chart shows PPG consistently underperforming peers, often with negative growth.compare_peers
26
The slide highlights PPG's diversified channel strategy compared to competitors who are heavily reliant on single channels.compare_peers
27
The chart shows a clear shift in market share from DIY/Remodeler to Paint Contractor over the period 1980-2017.frame_situation
28
The slide uses a bar chart to highlight a plateau in store growth and a callout to highlight the cessation of reporting.expose_contradiction
29
The slide highlights a strategic gap between PPG and its primary competitor, Sherwin-Williams.compare_peers
30
The slide uses a red dashed box to highlight the 'Base Case' estimate, contrasting it with the WACC and the competitor's performance.quantify_opportunity
31
The chart uses a red bar for PPG to emphasize its position relative to the 'High Quality' and 'Low Quality' peer groups.compare_peers
32
The slide uses a red arrow graphic to visually bridge the segment valuations to the final value unlock claim.show_valuation_bridge
33
The slide argues for a breakup or strategic separation by highlighting the lack of integration benefits.diagnose_problem
34
The slide uses a 'ripped paper' visual effect to frame the analyst quotes.preempt_rebuttal
35
The slide uses a table to quantify potential cost synergies, supporting the argument for corporate separation.propose_solution
36
This slide uses a 'before-after' structure to justify activist intervention by highlighting operational improvements and strategic M&A value creation.illustrate_case
37
The slide uses a before-after framing to attribute stock performance to specific operational changes and management interventions.illustrate_case
Open slide detailBeat · Solution (Provide relief)
38
The slide highlights a specific failure of a 2018 shareholder proposal due to turnout issues.expose_gap
Open slide detailBeat · Solution (Provide relief)
39
Uses red X marks to visually emphasize the failure to meet targets.expose_contradiction
Open slide detailBeat · Solution (Provide relief)
41
The slide uses a series of bar charts to demonstrate margin improvement post-separation.illustrate_case
Open slide detailBeat · Solution (Provide relief)
42
The slide uses a series of bar charts to demonstrate that spin-offs consistently outperform the broader market over longer periods.compare_peers
Open slide detailBeat · Solution (Provide relief)