15 IBD presentation 2016 Affinity Gaming Deutsche Bank 1

-ibd-presentation-2016-affinity-gaming-deutsche-bank-1 · 2016-01
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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Deck intelligence map

5
coverage by narrative range · generated from this deck JSON

Slide inventory

37
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
03
front_matter
Open slide detailBeat · Situation & Context
04
transition
Open slide detailBeat · Situation & Context
05
Includes valuation multiples (TEV/EBITDA) and premium to last trade.analyze_data
Open slide detailBeat · Situation & Context
06
The slide uses a standard table format to present legal and financial deal terms.summarize
Open slide detailBeat · Situation & Context
07
Includes specific dollar amounts and percentage values for termination fees.cite_precedent
Open slide detailBeat · Situation & Context
08
The slide details changes to a 'football field' valuation chart, transaction comparables, DCF assumptions, and future share price methodology.cite_precedent
Open slide detailBeat · Situation & Context
09
transition
Open slide detailBeat · Situation & Context
10
The slide uses a map-spatial framework to link specific casino locations to their parent states, which are then analyzed in the left-hand charts.establish_context
Open slide detailBeat · Problem & Complication
11
Includes Deutsche Bank branding and source attribution.analyze_data
Open slide detailBeat · Problem & Complication
12
Includes a specific note on the definition of EBITDA used in the presentation.analyze_data
Open slide detailBeat · Problem & Complication
13
Includes pro forma adjustments for recent refinancing.analyze_data
Open slide detailBeat · Problem & Complication
14
Includes a map of local gaming properties and a financial table showing revenue and EBITDA projections from 2013 to 2020.analyze_data
Open slide detailBeat · Problem & Complication
15
Includes a map of local competitors and a financial table showing actuals (2013-2015) and estimates (2016-2020).analyze_data
Open slide detailBeat · Problem & Complication
16
Includes a map of Reno/Sparks gaming properties and a 2013-2020 financial table.establish_context
Open slide detailBeat · Problem & Complication
17
Includes a map showing proximity to Prairie Meadows Racetrack and Casino.establish_context
Open slide detailBeat · Problem & Complication
18
Includes a map showing the location of Mark Twain Casino relative to other regional gaming properties.analyze_data
Open slide detailBeat · Problem & Complication
19
Includes a map of regional casinos and a financial table with actuals (2013-2015) and estimates (2016-2020).establish_context
Open slide detailBeat · Problem & Complication
20
Includes a map of casino locations and a financial table with actuals (2013-2015) and estimates (2016-2020).analyze_data
Open slide detailBeat · Problem & Complication
21
other
Open slide detailBeat · Solution & Approach
22
analyze_data
Open slide detailBeat · Solution & Approach
23
transition
Open slide detailBeat · Solution & Approach
24
The chart uses a floating bar (waterfall-bridge style) to represent the range of implied share prices for each valuation method.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Logic Chain
25
Includes a row for 'Arrow' (likely a placeholder or specific target) and summary statistics.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Logic Chain
26
Financial data as of 6/30/2016 except for FLL which is as of 3/31/2016.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Logic Chain
27
Financial data as of 6/30/2016 except for FLL which is as of 3/31/2016.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Logic Chain
28
Includes a highlighted row for Z Capital/Arrow transaction.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Logic Chain
29
Includes a DCF table and a sensitivity analysis table for share price.analyze_data
Open slide detailBeat · Solution & ApproachLoop · Logic Chain
30
Includes a valuation table and two area charts representing ranges of future share prices based on multiple and discount rate sensitivities.analyze_data
Open slide detailBeat · Evidence & Proof
31
appendix
Open slide detailBeat · Evidence & Proof
32
Includes peer beta analysis and WACC buildup components.analyze_data
Open slide detailBeat · Evidence & Proof
33
appendix
Open slide detailBeat · Impact & Next Steps
34
Includes mean and median calculations for the single asset transactions.analyze_data
Open slide detailBeat · Impact & Next Steps
35
transition
Open slide detailBeat · Impact & Next Steps
36
The table includes mean and median calculations for the first two groups.compare_peers
Open slide detailBeat · Impact & Next Steps
37
cite_precedent
Open slide detailBeat · Impact & Next Steps