J.P.Morgan | Investment Banking Pitch Book | 21 slides

J.P. Morgan · 2019-04
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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Slide inventory

21
every slide · same image gating as the playbook
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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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Includes valuation, debt, equity, and yield metrics for UGI and APU on a standalone and pro forma basis.present_solution
Open slide detailBeat · Problem & ComplicationLoop · Mece Breakdown
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The slide uses a grouped bar chart format for each metric to compare two data sources.compare_options
Open slide detailBeat · Problem & ComplicationLoop · Mece Breakdown
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The slide uses grouped bar charts to compare two data sources side-by-side for each metric.compare_options
Open slide detailBeat · Problem & ComplicationLoop · Mece Breakdown
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The slide outlines the specific financial modeling techniques and assumptions used for the valuation.present_framework
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
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Uses a football field chart to visualize valuation ranges.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
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The table is divided into two main peer groups: 'Select propane companies' and 'Other select public companies'.compare_peers
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
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The table is split into two sections, both labeled 'For reference only', detailing historical M&A activity in the midstream sector.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
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Includes sensitivity tables for discount rate vs terminal growth rate.analyze_data
Open slide detailBeat · Evidence & ProofLoop · Mece Breakdown
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Includes sensitivity tables for PV of DPU, terminal value, implied equity value, and yields.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Cost Of Inaction
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The chart displays implied share price ranges for different valuation approaches, with a vertical dashed line indicating the current share price of $55.42.quantify_impact
Open slide detailBeat · Solution & ApproachLoop · Cost Of Inaction
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Includes specific financial projections for UGI under 'Management' and 'Consensus' columns.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Cost Of Inaction
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The slide uses a waterfall chart to bridge individual business unit values to a consolidated equity value.quantify_impact
Open slide detailBeat · Solution & ApproachLoop · Cost Of Inaction
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The slide uses a waterfall chart to bridge business unit valuations to consolidated equity value.quantify_impact
Open slide detailBeat · Solution & ApproachLoop · Cost Of Inaction
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Includes sensitivity tables for discount rates and terminal growth rates.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Cost Of Inaction
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The slide uses a waterfall chart to bridge standalone equity values to pro forma values, followed by two side-by-side tables calculating value creation in dollaquantify_impact
Open slide detailBeat · Solution & ApproachLoop · Cost Of Inaction
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front_matter
Open slide detailBeat · Impact & Next Steps
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Includes a sensitivity table for PV of FCF, PV of synergies TV, and Total PV of synergies.quantify_impact
Open slide detailBeat · Impact & Next Steps
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Includes detailed line items for APU distributions, tax impacts, and EBITDA-based valuation metrics.quantify_impact
Open slide detailBeat · Impact & Next Steps
21
Includes management projections for 2019E-2042E and a sensitivity table for discount rates 7.00%-8.00%.analyze_data
Open slide detailBeat · Impact & Next Steps