{
  "docId": "019dd923-5ddf-7308-8fca-5e4c526f13b1",
  "docSlug": "66e65a6ff08bf1e4",
  "documentTitle": "The overall positive sentiment was also reflected in the supplier valuation levels that still trade above their long-term average",
  "authorId": "RolandBerger",
  "authorName": "Roland Berger",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.445,
  "pageNumber": 58,
  "pageCount": 86,
  "prevPage": 57,
  "nextPage": 59,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "The slide contrasts the current valuation premium of suppliers with potential mid-term risks and investor-driven pressures.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ddf-7308-8fca-5e4c526f13b1/58",
  "deckHref": "/decks/019dd923-5ddf-7308-8fca-5e4c526f13b1",
  "deckJsonHref": "/decks/019dd923-5ddf-7308-8fca-5e4c526f13b1.json",
  "deckAnchorHref": "/decks/019dd923-5ddf-7308-8fca-5e4c526f13b1#slide-58",
  "components": [
    {
      "bbox": {
        "h": 0.55,
        "w": 0.25,
        "x": 0.71,
        "y": 0.315
      },
      "kind": "callout",
      "text": "Increasing pressure from investor base to maintain high valuation\nIncreasing risk of activists joining investor base\nNeed to re-think value-maximizing portfolio actions\nPotentially worsened re-financing conditions mid-term",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fbc117fc-dc85-4ea6-9096-a52fe40d2343",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Increasing pressure from investor base to maintain high valuation; Increasing risk of activists joining investor base; Need to re-think value-maximizing portfolio actions; Potentially worsened re-financing conditions mid-term.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-e58e-76cb-be4d-2bead8fb4489",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.6,
        "x": 0.07,
        "y": 0.52
      },
      "kind": "list",
      "text": "Suppliers on average unaffected so far – some even benefitting from disruptions\n> Changing OEM structure does not negatively affect suppliers\n> New technologies required offer additional business potentials",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "84a4063f-28e7-426f-b2b3-001fe4269df6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.6,
        "x": 0.07,
        "y": 0.33
      },
      "kind": "list",
      "text": "Equity investors do not give traditional OEMs credit for their \"Terminal Value\"\n> Risk of market share loss to (potential) new competitors (e.g. Tesla, Chinese EV OEMs, Uber, et al.)\n> Risk to lose profit pool share to new entrants from technology/software space\n> Risk of too large workforce that is no longer fully utilized (e.g. component manufacturing)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ba2435ff-48c0-4c90-80c4-1da2886b8662",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.6,
        "x": 0.07,
        "y": 0.68
      },
      "kind": "list",
      "text": "However, trend may reverse for commoditized suppliers in the medium-term due to several risks\n> Increasing insourcing from OEMs to protect in-house work force/alleviate impact from required restructuring in traditional technologies\n> Increasing price pressure\n> Further share gain of new market entrants from the tech/electronics industry\n> Worsening financing terms/interest rates",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d84d8855-d3d1-4a33-8ebc-edd6a7cae101",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "valuation multiples: 2x",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-e58e-76cb-be4d-2eec5f40e4ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.07,
        "y": 0.24
      },
      "kind": "paragraph",
      "text": "Impact and consequences for suppliers",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0e6d40b9-e749-4f5a-a15c-fed83ae2332a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.15,
        "x": 0.07,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: Lazard, Roland Berger",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "579e02a1-d7dc-4537-a5d8-15656906d6bb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.07,
        "y": 0.11
      },
      "kind": "title",
      "text": "Today's valuation multiples of suppliers are on average nearly twice the level of OEMs – However, this trend may reverse mid-term",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d759bdc-a426-4a43-aac3-528c5a8a5e09",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "ba0686a2-7d7c-4845-a413-fd666b653cca",
      "evidence": "chart/waterfall: Strategically allocate resources (effectiveness) chart/waterfall: Maximize resource generation (efficiency)",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 79,
      "from": 41,
      "beatId": "87a3cb93-a131-4726-8499-2832a0c03d91",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The document presents strategic options and conclusions for suppliers to navigate the changing industry landscape",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}