J.P.Morgan | Investment Banking Pitch Book | 33 slides

JPMorgan · 2006-03
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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33
every slide · same image gating as the playbook
01
Slide 1
front_matter
02
front_matter
03
front_matter
04
Includes a table of equity contributors and their rollover status.establish_context
Open slide detailBeat · Situation & ContextLoop · Logic Chain
05
The slide outlines the timeline for a transaction process, including milestones like announcing the transaction, data room access, management meetings, and bid plan_implementation
Open slide detailBeat · Situation & ContextLoop · Logic Chain
06
front_matter
Open slide detailLoop · Logic Chain
07
Includes footnotes regarding debt adjustments and I/B/E/S estimates.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
08
The peer index includes MGM Mirage, Harrah's Entertainment, Wynn Resorts, Las Vegas Sands, Orient-Express Hotels, Gaylord Entertainment, Starwood Hotels & Resorcompare_peers
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
09
Includes individual analyst data and summary statistics (High, Low, Mean, Median).analyze_data
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
10
front_matter
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
11
The slide clarifies the assumptions used in the valuation, including adjustments for EBITDA projections and management's Q1 2006 outlook.establish_context
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
12
The slide outlines financial and operational assumptions for various development projects and scenarios.summarize
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
13
The slide presents financial projections for 2006-2010, with I/B/E/S median data only available for 2006-2007.compare_options
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
14
The chart uses a 'football field' visualization to show valuation ranges across different methodologies.quantify_impact
Open slide detailBeat · Evidence & ProofLoop · Logic Chain
15
The slide presents a complex sensitivity analysis for an LBO, comparing two cases (Upside vs Adjusted Upside) across two land value/debt cost scenarios (High vsanalyze_data
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
16
The slide presents a DCF sensitivity matrix for two scenarios (Upside and Adjusted Upside) across two land value cases (High and Low).analyze_data
Open slide detailBeat · Evidence & ProofLoop · Hypothesis Test
17
The chart breaks down the valuation from existing operations through various development projects to reach an Upside Case and an Adjusted Upside Case.quantify_impact
Open slide detailBeat · Evidence & Proof
18
The diagram uses a funnel-like shape to represent the convergence of strategic pillars into a single outcome.present_solution
Open slide detailBeat · Evidence & Proof
19
diagnose
Open slide detailBeat · Impact & Next Steps
20
front_matter
Open slide detailBeat · Impact & Next Steps
21
Includes footnotes explaining specific company adjustments and calculation methodologies.compare_peers
Open slide detailBeat · Impact & Next Steps
22
The table includes equity market value, total market cap, debt ratios, and credit ratings as of March 17, 2006.compare_peers
Open slide detailBeat · Impact & Next Steps
23
Includes median multiples for lodging and gaming sectors.cite_precedent
Open slide detailBeat · Impact & Next Steps
24
Includes valuation multiples and discount rates for various project segments.analyze_data
Open slide detailBeat · Impact & Next Steps
25
Includes valuation multiples and discount rates for various development projects.analyze_data
Open slide detailBeat · Impact & Next Steps
26
The table shows specific line items for corporate expenses and the associated synergy savings in dollars and percentages.analyze_data
Open slide detailBeat · Impact & Next Steps
27
The slide provides a valuation basis for land assets using comparable market transactions.analyze_data
Open slide detailBeat · Impact & Next Steps
28
Includes valuation assumptions like EBITDA, multiples, discount periods, and probability of success.analyze_data
Open slide detailBeat · Impact & Next Steps
29
The table provides a granular breakdown of segment EBITDA, corporate expenses, and various adjustments for the period 2004A through 2010E.analyze_data
Open slide detailBeat · Impact & Next Steps
30
Includes historical data (2004A-2005A), quarterly projections ('06Q1-'06Q4), and annual projections (2006E-2010E).analyze_data
Open slide detailBeat · Impact & Next Steps
31
Includes WACC calculation, peer beta analysis table, and sensitivity analysis table.analyze_data
Open slide detailBeat · Impact & Next Steps
32
Details regarding tax asset utilization limitations.summarize
Open slide detailBeat · Impact & Next Steps
33
Contains historical (A) and estimated (E) data for room metrics, gaming revenue, and F&B operational costs.appendix
Open slide detailBeat · Impact & Next Steps