Barclays | Investment Banking Pitch Book | 40 slides

Barclays · 2019-07
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SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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Slide inventory

40
every slide · same image gating as the playbook
01
Slide 1
front_matter
02
front_matter
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front_matter
05
Slide provides context for a financial advisory presentation by Barclays to a Special Committee.establish_context
Open slide detailBeat · Situation & Context
06
Financial transaction summary slide for an M&A deal.summarize
Open slide detailBeat · Situation & Context
07
Includes specific pro forma calculations for SIC, MCC, and MDLY.compare_peers
Open slide detailBeat · Problem & Complication
08
Includes a vertical marker for August 2018 across both charts.analyze_data
Open slide detailBeat · Problem & Complication
09
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Open slide detailBeat · Problem & Complication
10
The table includes a vertical dashed line separating historical data (2017-2018) from projected data (2019-2022).analyze_data
Open slide detailBeat · Evidence & Proof
11
Includes detailed footnotes regarding calculation methodology and data sources.analyze_data
Open slide detailBeat · Evidence & Proof
12
Includes a 'football field' chart comparing various valuation methodologies against current share price and cash consideration.quantify_impact
Open slide detailBeat · Evidence & Proof
13
The slide uses bar charts to compare valuation multiples across two peer groups (Traditional vs Alternative Asset Managers).compare_peers
Open slide detailBeat · Evidence & Proof
14
Includes a table below the chart detailing Target, Acquirer, and Announced Date for each transaction.cite_precedent
Open slide detailBeat · Evidence & Proof
15
Includes deals between $100 million and $300 million; excludes outlier premia > 150%.analyze_data
Open slide detailBeat · Evidence & Proof
16
Includes sensitivity analysis based on WACC and EV/EBITDA multiples.quantify_impact
Open slide detailBeat · Evidence & Proof
17
The table displays a 5x5 grid of equity values based on two key financial drivers.analyze_data
Open slide detailBeat · Impact & Next Steps
18
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Open slide detailBeat · Impact & Next Steps
19
The table uses a dashed vertical line to separate historical data from projected data starting in 2019.analyze_data
Open slide detailBeat · Impact & Next Steps
20
Includes detailed breakdown of MDLY adjustments and the resulting Pro Forma SIC P&L, including synergies and incremental expenses.analyze_data
Open slide detailBeat · Impact & Next Steps
21
The slide shows a dilution in NAV per share from $6.71 to $6.59.analyze_data
Open slide detailBeat · Impact & Next Steps
22
The slide uses pie charts to visualize portfolio composition changes following a merger/acquisition.compare_options
Open slide detailBeat · Impact & Next Steps
23
The chart uses a floating bar/range format to visualize valuation outcomes based on different P/NAV multiples.quantify_impact
Open slide detailBeat · Impact & Next Steps
24
The chart highlights a significant valuation premium for internally managed BDCs compared to externally managed ones.compare_peers
Open slide detailBeat · Impact & Next Steps
25
Includes a highlighted range (0.80x - 1.00x) and an average line at 0.82x.cite_precedent
Open slide detailBeat · Impact & Next Steps
26
Includes sensitivity analysis tables for Equity Value and Implied TV Growth Rate based on Cost of Equity and P/NAV multiples.analyze_data
Open slide detailBeat · Impact & Next Steps
27
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Open slide detailBeat · Solution & Approach
28
The table includes a vertical dashed line separating historical data from projections starting in 2019.analyze_data
Open slide detailBeat · Solution & Approach
29
The table uses a range of NAV multiples from 0.46x to 1.00x to calculate various financial outcomes for MDLY stakeholders.analyze_data
Open slide detailBeat · Solution & Approach
30
Includes a football field chart (tornado/range chart) and a supporting data table for implied metrics.analyze_data
Open slide detailBeat · Solution & Approach
31
Includes sensitivity analysis across WACC and EV/EBITDA multiples.analyze_data
Open slide detailBeat · Solution & Approach
32
The table details the derivation of MDLY After-Tax Net Income and the subsequent Pro Forma SIC P&L, including adjustments for synergies, compensation, and shareanalyze_data
Open slide detailBeat · Solution & Approach
33
The table shows the impact of the merger on shares outstanding and net asset value, resulting in a pro forma NAV per share of $6.51 compared to a standalone $6.analyze_data
Open slide detailBeat · Solution & Approach
34
The slide uses a football field chart to visualize valuation ranges across different methodologies.quantify_impact
Open slide detailBeat · Solution & Approach
35
Includes sensitivity tables for Terminal Value, Total Equity Value, and Implied TV Growth Rate based on Cost of Equity and P/NAV multiples.analyze_data
Open slide detailBeat · Solution & Approach
37
The table includes a specific row for 'Pro Forma SIC' and notes regarding the calculation of its assets.compare_peers
38
The slide presents four distinct tables: Current Projections, Prior Projections, Variance in $, and Variance in %.analyze_data
39
Includes specific assumptions like Duff & Phelps market risk premium and peer average beta calculations.analyze_data
40
The slide uses the CAPM framework to derive the cost of equity for a BDC entity.analyze_data