Houlihan Lokey | Investment Banking Pitch Book | 43 slides

Houlihan Lokey · 2019-09
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

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Slide 1
front_matter
Open slide detailBeat · Situation & Context
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front_matter
Open slide detailBeat · Situation & Context
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front_matter
Open slide detailBeat · Situation & Context
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The slide details specific changes in financial modeling inputs (refinancing assumptions, discount dates) and market data (share price, multiples) between two dsummarize
Open slide detailBeat · Situation & Context
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The slide highlights a divergence where Poconos stock rose 24.8% while Well Services peers declined 19.9%.compare_peers
Open slide detailBeat · Situation & Context
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The chart shows a side-by-side comparison of valuation multiples for two industry segments.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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Includes summary tables for Drilling Services and Well Services segments; highlights specific movement for company FI.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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The slide uses a grouped bar chart to compare valuation multiples across two time periods for two industry segments.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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Includes detailed table of levered and unlevered betas for drilling and well services companies.analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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The chart compares current share price and post-restructuring high share price against valuation ranges derived from LTM/CY EBITDA multiples and DCF terminal muquantify_impact
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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front_matter
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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The table presents valuation outputs based on different EBITDA metrics and DCF assumptions, adjusting for cash and debt to arrive at equity value and per-share analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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Includes footnotes detailing adjustments and restructuring charges.analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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The table segments companies into Drilling Services and Well Services, providing summary statistics (Low, High, Median, Mean) for each group and an overall summcompare_peers
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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Includes mean and median lines for both metrics; Poconos is highlighted with a red dashed border.compare_peers
Open slide detailBeat · Problem & ComplicationLoop · Logic Chain
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Includes legend for Drilling Services vs Well Services and Median/Mean lines.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes footnotes regarding data sources and company comparability.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes mid-year convention note and specific assumptions for terminal value and tax rates.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes sensitivity tables for PV of terminal value and implied enterprise value.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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front_matter
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes detailed footnotes regarding data sources and calculation methodologies.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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The chart tracks performance post-restructuring/re-listing.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes footnotes detailing the composition of Drilling Services and Well Services indices.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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The charts display volume percentage distribution across price buckets ($2 increments).analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes summary statistics (Median, Mean) and highlights 'Poconos' with a dashed red border.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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The slide provides a table of historical analyst reports from Imperial Capital, detailing recommendations, price targets, and key commentary.cite_precedent
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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front_matter
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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front_matter
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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The table provides detailed financial metrics for peer companies, likely used for WACC or valuation benchmarking.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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The table includes specific company data, statistical summaries (25th percentile, median, mean, 75th percentile) for each sector, and a summary for all selectedanalyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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The slide presents a standard WACC calculation model with footnotes detailing the derivation of each input.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes detailed footnotes explaining the derivation of each assumption.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes detailed footnotes explaining the derivation of each assumption, such as risk-free rate, beta, and debt components.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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The slide highlights a selected WACC range of 11.75% to 12.75% based on counterparty and management offers.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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front_matter
Open slide detailBeat · Solution & ApproachLoop · Mece Breakdown
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Includes high-end outlier data points for each category.analyze_data
Open slide detailBeat · Evidence & Proof
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front_matter
Open slide detailBeat · Evidence & Proof
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summarize
Open slide detailBeat · Evidence & Proof
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summarize
Open slide detailBeat · Evidence & Proof
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front_matter
Open slide detailBeat · Evidence & Proof
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other
Open slide detailBeat · Impact & Next Steps
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other
Open slide detailBeat · Impact & Next Steps
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front_matter
Open slide detailBeat · Impact & Next Steps