{
  "docId": "019dd923-5e88-73ef-bd5b-b92c970b8711",
  "docSlug": "16f7093b6ee5bbb5",
  "documentTitle": "Barclays+Investor+Presentation+vFINAL",
  "authorId": "Barclays",
  "authorName": "Calumet Specialty Products Partners, L.P.",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 13,
  "pageCount": 20,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "kpi_dashboard",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 45,
  "notes": "Includes a table of quarterly financial metrics and two charts showing historical sales volume and material margins.",
  "elementsJson": [
    "data_table",
    "bullet_list",
    "bar_chart_grouped",
    "line_chart"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-b92c970b8711/13",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-b92c970b8711",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-b92c970b8711.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-b92c970b8711#slide-13",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Strong business foundation – constructive market environment and commercial execution offset by downtime in Northwest LA",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-0a6d-758e-9b88-028fc4dccb9d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.46,
        "x": 0.03,
        "y": 0.45
      },
      "kind": "chart",
      "text": "Sales Volume (bpd)",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1020d67f-14a6-47ca-973a-6ab6eb67a3ce",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.46,
        "x": 0.51,
        "y": 0.45
      },
      "kind": "chart",
      "text": "Material Margin ($/bbl)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "46faf73b-9ac8-4f70-afa0-c71a735d8e46",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.46,
        "x": 0.51,
        "y": 0.13
      },
      "kind": "list",
      "text": "Strong business foundation – constructive market environment and commercial execution offset by downtime in Northwest LA; 500,000bbls of lost production due to extreme weather; $20MM of lost profit opportunity; Successful turnaround work; 2H 2023 minimal planned downtime; Margin environment remains well above historic mid-cycle",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e0170cdf-a659-4582-8af2-6af19b31c5d6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Adjusted EBITDA: $61.0",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-0a6d-758e-9b88-068ccc62c7c9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.488,
        "x": 0.03,
        "y": 0.165
      },
      "kind": "table",
      "text": "Adjusted EBITDA ($MM) 123.5 76.4 61.0; Specialty Products Material Margin ($/bbl) 65.95 81.90 77.37; Fuels & Asphalt Material Margin ($/bbl) 25.67 13.95 10.21",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b9ca0e2-0a63-46dd-92ba-6c53d49a381d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.28,
        "x": 0.03,
        "y": 0.02
      },
      "kind": "title",
      "text": "SPS 2Q Summary",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "417db82b-dea9-4386-8842-8cf35e77559a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-18fa-708b-805a-ce68dc78a2b8",
      "evidence": "Title 'SPS 2Q Summary' is topical; callout supplies the so-what",
      "confidence": 60
    },
    {
      "name": "Annotation",
      "slug": "annotation",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-18fa-708b-805a-dea652900673",
      "evidence": "Top-left table calls out Adjusted EBITDA per quarter",
      "confidence": 65
    },
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-18fa-708b-805a-d5d6658c9310",
      "evidence": "Bar chart for sales volume + dual-line chart for material margin",
      "confidence": 75
    },
    {
      "name": "Concrete Language",
      "slug": "concrete-language",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-18fa-708b-805a-e21030c36c2b",
      "evidence": "'500,000bbls of lost production', '$20MM lost profit opportunity'",
      "confidence": 70
    },
    {
      "name": "Small Multiples",
      "slug": "small-multiples",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-18fa-708b-805a-daa396aa84fa",
      "evidence": "Two charts on same quarterly axis 1Q20-2Q23",
      "confidence": 70
    },
    {
      "name": "So What? Test",
      "slug": "so-what-test",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-18fa-708b-805a-d0bfac5c19f4",
      "evidence": "Callout: 'Strong business foundation ... offset by downtime in Northwest LA'",
      "confidence": 75
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 10,
      "beatId": "019dd95a-07a6-74c7-9029-c283e5bcc9d6",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "Appendix peer comps, segment KPIs, credit metrics (10.6x->4.0x) prove deleveraging impact",
      "position": 5,
      "confidence": 78,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 17,
      "from": 12,
      "name": "Segmentation Split",
      "slug": "34-segmentation-split",
      "bestFor": "Customer analysis, market research, resource allocation",
      "matchId": "019dd95a-08f7-737a-a004-492e6484d96a",
      "evidence": "Three divider+KPI-summary pairs in identical structure",
      "position": 6,
      "objective": "Walk through each business segment (SPS, PB, M/R) with parallel KPI dashboards",
      "structure": "The Aggregate View -> Segment A Behavior -> Segment B Behavior -> The Insight in the Difference",
      "confidence": 80,
      "description": "Divide a whole into meaningful segments to reveal hidden patterns"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}