{
  "docId": "019dd923-5e88-73ef-bd5c-6949e943dfa8",
  "docSlug": "ba7bc39ca1bd7790",
  "documentTitle": "tifs investor presentation deutsche bank 17 june 21",
  "authorId": "DeutscheBank",
  "authorName": "TI Fluid Systems",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 29,
  "pageCount": 35,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "bar_chart_vertical",
    "bullet_list",
    "kpi_table"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5c-6949e943dfa8/29",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5c-6949e943dfa8",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5c-6949e943dfa8.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5c-6949e943dfa8#slide-29",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Proven strong cash flow resilience driven by: Net pricing discipline to adjust for commodity cost changes, Cost levers that ensure Adj. EBITDA margin protection, Capex spend – focused on customer projects and driving efficiency, Disciplined approach to managing working capital.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-163d-71aa-98fc-978ef675d833",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.35,
        "x": 0.13,
        "y": 0.315
      },
      "kind": "chart",
      "text": "Adj. Free Cash Flow €m – Historical",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d2d45763-15a7-4164-b4e5-a79fcec3222c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.65,
        "x": 0.2,
        "y": 0.94
      },
      "kind": "disclaimer",
      "text": "Note: Adj. Free Cash Flow defined as cash generated from operating activities, less cash used by investing activities, adjusted for acquisitions, movements in financial assets at fair value through the profit or loss, cash payments related to IPO costs and cash received on settlement of derivatives",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e77463f8-0960-40ac-8ed8-e596410049c1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.51,
        "y": 0.4
      },
      "kind": "list",
      "text": "Proven strong cash flow resilience driven by: Net pricing discipline to adjust for commodity cost changes; Cost levers that ensure Adj. EBITDA margin protection; Capex spend – focused on customer projects and driving efficiency; Disciplined approach to managing working capital",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "64d4ac5e-4dad-4f10-af4c-f7e4cd52db8f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Adj. Free Cash Flow: 148",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-163d-71aa-98fc-98b54555538c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.06,
        "y": 0.85
      },
      "kind": "table",
      "text": "Adj. EBITDA % 13.9% 14.1% 13.9% 14.6% 11.8%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0f5019bc-b6d6-4718-8dd3-2f0bfc148e1f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.11,
        "y": 0.17
      },
      "kind": "title",
      "text": "Strong Adj. free cash flow generation despite challenging automotive volume environment",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "31f7fa37-5cac-4e81-b909-4b3d2566d9db",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.07,
        "y": 0.08
      },
      "kind": "title",
      "text": "Adj. Free Cash Flow Strength and Resilience",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0913386b-8f7e-4495-b718-cbe573e94fd9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 35,
      "from": 27,
      "beatId": "6bfc4a83-9c42-45b6-ac4b-c341f38a8e5b",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The document provides a detailed overview of TI Fluid Systems' financial performance",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 30,
      "from": 26,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "75eded2a-b082-4aef-a7ba-0203c968698b",
      "evidence": "The document highlights the importance of capital allocation priorities aligned with TI Fluid Systems' strategic objectives",
      "position": 1,
      "objective": "The cost of inaction for TI Fluid Systems",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}