{
  "docId": "019dd923-5e88-73ef-bd5b-d1cc6026bb50",
  "docSlug": "c5086f7265ed8cb4",
  "documentTitle": "The J M Smucker Co 2023 Barclays Presentation",
  "authorId": "Barclays",
  "authorName": "The J.M. Smucker Co",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 31,
  "pageCount": 45,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 12,
  "notes": "Data as of August 29, 2023. Assumes dividends are reinvested. Peer group includes CAG, CPB, GIS, HRL, HSY, K, KHC, MKC.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "comparison_table",
    "infographic"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-d1cc6026bb50/31",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-d1cc6026bb50",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-d1cc6026bb50.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-d1cc6026bb50#slide-31",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.6,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "callout",
      "text": "Goal: Consistent top quartile performer in food industry",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a085c466-6604-4040-a9ed-99b2232bd882",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.2,
        "x": 0.75,
        "y": 0.25
      },
      "kind": "callout",
      "text": "DELIVERING LONG-TERM GROWTH AND SHAREHOLDER VALUE",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b6010c78-5051-453d-8802-3839c0bee84c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "CAGR: 10%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1040-743d-aabf-afb6e1c6623f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "NOTE: DATA AS OF AUGUST 29, 2023. ASSUMES DIVIDENDS ARE REINVESTED. PEER GROUP INCLUDES CAG, CPB, GIS, HRL, HSY, K, KHC, MKC.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44ad61e0-0840-4b39-9eb1-6654f7ab4467",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.65,
        "x": 0.05,
        "y": 0.36
      },
      "kind": "table",
      "text": "SJM vs Peer Group Avg, S&P Packaged Foods, S&P 500 across 1, 3, 5-year CAGR",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9486e947-3a58-49a7-8830-c3f471f9f5c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "TOTAL SHAREHOLDER RETURN",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1fc0e51-34a2-4484-83cd-e46399367211",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Social Proof",
      "slug": "social-proof",
      "agent": "Storyteller",
      "layer": "block",
      "matchId": "019dd95a-196f-705e-9a4e-2fe4310c6d8a",
      "evidence": "Peer benchmark frame uses competitor performance as social context",
      "confidence": 70
    },
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-196f-705e-9a4e-318469eac029",
      "evidence": "Callout 'Delivering long-term growth and shareholder value' + 'Goal: consistent top quartile performer'",
      "confidence": 88
    },
    {
      "name": "Authority Bias",
      "slug": "authority-bias",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-196f-705e-9a4e-2b1a5e78d937",
      "evidence": "Cites S&P 500, S&P Packaged Foods, named peer group (CAG, GIS, K, etc.)",
      "confidence": 75
    },
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-196f-705e-9a4e-23600228b72c",
      "evidence": "Comparison table of 1Y/3Y/5Y CAGR for SJM vs Peer Avg vs S&P Packaged Foods vs S&P 500",
      "confidence": 90
    },
    {
      "name": "Contrast Principle",
      "slug": "contrast-principle",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-196f-705e-9a4e-25980308cdb9",
      "evidence": "SJM row highlighted grey with green numerals; peer rows muted black",
      "confidence": 88
    },
    {
      "name": "Slide recipe: the peer-gap chart",
      "slug": "peer-gap-chart-recipe",
      "agent": "designer",
      "layer": "slide",
      "matchId": "381c6541-fd96-42a9-bd0e-803b54af7c1a",
      "evidence": "table/data: SJM vs Peer Group Avg, S&P Packaged Foods, S&P 500 across 1, 3, 5-year CAGR",
      "confidence": 0.7
    },
    {
      "name": "Visual Hierarchy",
      "slug": "visual-hierarchy",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-196f-705e-9a4e-375a19fa6cd5",
      "evidence": "SJM row visually elevated above peer rows",
      "confidence": 75
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 31,
      "from": 31,
      "beatId": "019dd95a-07a7-7579-bd60-5e5a3ae935a3",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "TSR table benchmarks SJM 10% 5Y CAGR vs peers (-10%, -4%) — payoff slide",
      "position": 5,
      "confidence": 70,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 31,
      "from": 31,
      "name": "Benchmark Gap",
      "slug": "39-benchmark-gap",
      "bestFor": "Performance improvement, competitive analysis, target setting",
      "matchId": "019dd95a-08f7-737a-a005-2377a985816c",
      "evidence": "Table compares SJM 1Y/3Y/5Y CAGR (6%/10%/10%) to Peer Group (-10%/1%/5%) and S&P Packaged Foods",
      "position": 8,
      "objective": "Prove TSR superiority vs peer benchmark",
      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
      "confidence": 85,
      "description": "Compare performance against best-in-class to quantify the opportunity"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}