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  "documentTitle": "Barclays+Investor+Presentation+vFINAL",
  "authorId": "Barclays",
  "authorName": "Calumet Specialty Products Partners, L.P.",
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  "nDataPoints": 24,
  "notes": "The slide uses scatter plots to visualize valuation multiples against operational performance metrics for various renewable energy sub-sectors.",
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      "text": "EBITDA MARGIN scatter plot",
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      "kind": "disclaimer",
      "text": "Source: FactSet, Company materials, as of April 21, 2023. 1. Using median analyst estimates for FY 2022 to 2024. 2. Using median analyst estimates for FY 2022 to 2025. 3. Using management EBITDA estimates for FY 2021 to 2023.",
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      "kind": "legend",
      "text": "Renewable Fuels, Hydrogen, RNG, Distributed Solar, Precedent Transactions",
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      "kind": "metric",
      "text": "EV / 2024E EBITDA",
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      "kind": "title",
      "text": "Public Renewable Comparables",
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      "evidence": "Color codes peers by category: Renewable Fuels, Hydrogen, RNG, Solar, Precedent",
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      "evidence": "Plotting against established public renewables names",
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      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
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