LionTree | Investment Banking Pitch Book | 25 slides

LionTree · 2016-06
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 1
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Deck intelligence map

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Slide inventory

25
every slide · same image gating as the playbook
01
Slide 1
front_matter
Open slide detailBeat · Situation & Context
02
other
Open slide detailBeat · Situation & Context
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front_matter
Open slide detailBeat · Situation & Context
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transition
Open slide detailBeat · Situation & Context
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The slide uses a structured table format to outline deal mechanics.summarize
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
06
Includes footnotes detailing pricing assumptions, share counts, and leverage calculations.analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
07
Includes a footnote regarding production loans.analyze_data
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
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Includes detailed footnotes regarding share counts, economic stakes, and valuation assumptions.compare_options
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
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transition
Open slide detailBeat · Problem & ComplicationLoop · Golden Circle
10
Includes valuation multiples and historical stock performance against peers and S&P 500.summarize
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
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Includes CAGR calculations and growth percentages.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
12
Includes footnotes regarding methodology for equity value and EBITDA multiples.compare_peers
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
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Includes sensitivity table for WACC vs. Terminal EBITDA Multiple.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
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transition
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
15
Includes valuation bridge, EBITDA multiples, leverage ratios, and a multi-line stock performance chart.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
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Projections per Luna management, as reviewed by Saturn.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
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Assumes mid-year convention, discounted back to 3/31/16; based on balance sheet as of 3/31/16 (net debt of $788mm), equity in affiliates of $808mm and minority analyze_data
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
18
transition
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
19
Includes CAGR calculations and synergy adjustments.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
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Includes a DCF table for 2017E-2020E and two sensitivity tables for value per share and total synergy value.quantify_impact
Open slide detailBeat · Evidence & ProofLoop · Golden Circle
21
Includes a detailed buildup of the Combined Pro Forma Equity Value and the resulting accretion percentage.quantify_impact
Open slide detailBeat · Impact & Next Steps
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appendix
Open slide detailBeat · Impact & Next Steps
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The chart uses color coding to distinguish between Buy, Hold, and Sell ratings.quantify_impact
Open slide detailBeat · Impact & Next Steps
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The chart uses a horizontal bar format to visualize the gap between the current price ($20.55) and the average target ($28.75).quantify_impact
Open slide detailBeat · Impact & Next Steps
25
The table displays percentage premiums, with negative values in parentheses indicating a discount for voting shares or a premium for non-voting shares.analyze_data
Open slide detailBeat · Impact & Next Steps