{
  "docId": "019dd923-5e88-73ef-bd5a-62adc43f0453",
  "docSlug": "6fba553a146f7fd8",
  "documentTitle": "2025 05 28 Goldman Sachs Brazil Commodities Days",
  "authorId": "GoldmanSachs",
  "authorName": "Suzano",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.714,
  "pageNumber": 58,
  "pageCount": 88,
  "prevPage": 57,
  "nextPage": 59,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 25,
  "notes": "Includes a scatter plot of bond yields, a bar chart of issuance costs, and a bar chart comparing G-spreads against industry peers.",
  "elementsJson": [
    "headline_text",
    "scatter_plot",
    "bar_chart_vertical",
    "bar_chart_vertical",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-62adc43f0453/58",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-62adc43f0453",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-62adc43f0453.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-62adc43f0453#slide-58",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "With opportunity for compression in spreads",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-1d6c-779c-a625-8a1a11aa5d24",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.42,
        "x": 0.55,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Estimated cost inside bond yield curve at Issuance (bps)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a10750e-12af-4e9f-be58-c1e04af1f24c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.94,
        "x": 0.03,
        "y": 0.65
      },
      "kind": "chart",
      "text": "With opportunity for compression in spreads",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d4ac4e7f-888b-4d5d-913e-8c43b7266032",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.48,
        "x": 0.03,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Bond yield curve scatter plot",
      "attrs": null,
      "subkind": "scatter",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e202bb5-41d0-441b-93b2-a2f8972ac182",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "G-spreads: 134",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1d6c-779c-a625-8c6601ff3308",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.45,
        "x": 0.03,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "Source: Bloomberg | (1) Peer comparison between G-spreads with maturities around 10 years",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2aba6cd1-3f35-45fe-a00b-94828bf0358c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.02,
        "y": 0.04
      },
      "kind": "title",
      "text": "Seizing opportunities with diversified funding sources",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c048ec29-f643-4d4d-9c89-32a9473d0229",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "8cba52e5-f908-468e-bcf5-fcd076576228",
      "evidence": "chart/bar-vertical: Estimated cost inside bond yield curve at Issuance (bps)",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 64,
      "from": 50,
      "beatId": "9f61f013-15b2-42b2-950a-84f4dcbc9148",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The document outlines Suzano's solutions and approach to address the challenges.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}