5 IBD presentation 2017 HSN Inc. Centerview Partners — playbook

5 IBD presentation 2017 HSN Inc. Centerview Partners

-ibd-presentation-2017-hsn-inc-centerview-partners · 2017-01

arc beats above · slides in the middle · loops below · scroll → 2 LOOPS

Deck intelligence map

4

coverage by narrative range · generated from this deck JSON

Narrative range 26 total

Metadata

Components

Metrics

Tools

Frameworks

Beats

Loops

Situation & Context 5 slides 100% 5/5 slides 100% 5/5 slides · 19 hits

— 0/5 slides

— 0/5 slides

40% 2/5 slides 100% 5/5 slides

— 0/5 slides

Problem & Complication 3 slides 100% 3/3 slides 100% 3/3 slides · 8 hits

— 0/3 slides

— 0/3 slides

66.7% 2/3 slides 100% 3/3 slides 100% 3/3 slides Evidence & Proof 8 slides 100% 8/8 slides 100% 8/8 slides · 40 hits

— 0/8 slides

50% 4/8 slides · 5 hits 25% 2/8 slides 100% 8/8 slides 100% 8/8 slides Impact & Next Steps 10 slides 100% 10/10 slides 100% 10/10 slides · 74 hits

— 0/10 slides

60% 6/10 slides · 7 hits 60% 6/10 slides 100% 10/10 slides 30% 3/10 slides

Slide inventory

29

every slide · same image gating as the playbook

01

front_matter

Open slide detailBeat · Situation & Context

02

other

Open slide detailBeat · Situation & Context

03

other

Open slide detailBeat · Situation & Context

04

front_matter

Open slide detailBeat · Situation & Context

05

summarize

Open slide detailBeat · Situation & Context

06

plan_implementation

Open slide detailBeat · Problem & ComplicationLoop · Logic Chain

07

The slide uses a structured comparison format to guide the committee's due diligence process.frame_problem

Open slide detailBeat · Problem & ComplicationLoop · Logic Chain

08

present_solution

Open slide detailBeat · Problem & ComplicationLoop · Logic Chain

09

The slide outlines corporate restructuring and M&A alternatives.present_solution

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

10

The slide highlights specific dates for board meetings and earnings releases, with a legend indicating a federal holiday.plan_implementation

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

11

transition

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

12

summarize

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

13

Includes a memo section for diluted shares, tax rate, and comparable EBITDA.analyze_data

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

14

The slide uses a waterfall-style bar chart to show growth rates and standard bar charts for margins.analyze_data

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

15

Includes YoY growth rates and EBITDA margin comparisons.compare_peers

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

16

The slide uses bar charts to visualize the delta between two financial planning scenarios.analyze_data

Open slide detailBeat · Evidence & ProofLoop · Logic Chain

17

The slide uses a series of bar charts to compare growth metrics across different time periods (2016E-2018E and '14A-'16E).compare_peers

Open slide detailBeat · Impact & Next Steps

18

The slide uses a bar chart format to compare margins across different retail categories and company projections (Hero vs Queen).compare_peers

Open slide detailBeat · Impact & Next Steps

19

The slide uses a 2x3 grid layout to categorize trends into Macroeconomic Environment and Retail Operating Environment.establish_context

Open slide detailBeat · Impact & Next Steps

20

The slide uses a 2x2 layout to contrast financial metrics (top) with market valuation metrics (bottom).compare_peers

Open slide detailBeat · Impact & Next Steps

21

The slide highlights a broad valuation contraction, with specific callouts for 'Hero' and 'Queen' stocks.compare_peers

Open slide detailBeat · Impact & Next Steps

22

The slide uses a bar chart comparison to highlight the gap between management's 2014 planning assumptions and subsequent actual results.analyze_data

Open slide detailBeat · Impact & Next Steps

23

Includes a mix of line charts, stacked bar charts, and data tables to track quarterly and annual performance trends.analyze_data

Open slide detailBeat · Impact & Next Steps

24

The slide uses a three-part structure to justify the deal: operational constraints, valuation gap narrowing, and synergy potential.present_solution

Open slide detailBeat · Impact & Next StepsLoop · Analogy

25

The slide uses a matrix structure to compare three distinct M&A cases across two dimensions: Situation Overview and Implications for Hero.summarize

Open slide detailBeat · Impact & Next StepsLoop · Analogy

26

state_next_steps

Open slide detailBeat · Impact & Next StepsLoop · Analogy

27

appendix

Open slide detail

28

Includes data for Hero Consensus, Hero Management, and specific retail peer groups (Specialty Retail, Home Stores, Department/Mass, eCommerce).compare_peers

Open slide detail

29

Data sourced from Factset as of January 27, 2017.compare_peers

Open slide detail