{
  "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": 30,
  "pageCount": 35,
  "prevPage": 29,
  "nextPage": 31,
  "slideType": "other",
  "function": "present_solution",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "Uses a flow-down structure from 'Net cash generated from operations' to four distinct priority areas.",
  "elementsJson": [
    "process_diagram",
    "headline_text"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5c-6949e943dfa8/30",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5c-6949e943dfa8",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5c-6949e943dfa8.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5c-6949e943dfa8#slide-30",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Capital allocation priorities aligned with TI Fluid Systems’ strategic objectives.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-163d-71aa-98fc-e96d8c10a5d2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.042,
        "w": 0.414,
        "x": 0.262,
        "y": 0.236
      },
      "kind": "diagram",
      "text": "Net cash generated from operations",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "83f9c226-5645-48a3-a09c-99c154a3d786",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.266,
        "x": 0.353,
        "y": 0.678
      },
      "kind": "list",
      "text": "Other Considerations: Continually assess other options that may benefit shareholders including M&A",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0b8e11ba-560f-45e8-a48c-8975e6d382c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.244,
        "w": 0.266,
        "x": 0.353,
        "y": 0.318
      },
      "kind": "list",
      "text": "Dividends: Target pay-out ratio of 30% of Adjusted Net Income",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c5f56859-688b-4ab0-b540-56deb6cd3b6c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.244,
        "w": 0.266,
        "x": 0.626,
        "y": 0.318
      },
      "kind": "list",
      "text": "Deleveraging: Target leverage levels in line with UK/ European peers",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f1048e4a-b8f8-4be0-a895-260d6f33faaf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.244,
        "w": 0.266,
        "x": 0.08,
        "y": 0.318
      },
      "kind": "list",
      "text": "Capex & Capitalised R&D: Continue to invest ~ 4% - 5% of revenue to support organic growth",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f96fd379-56e6-49d8-8990-5b6bbbcf0efe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "pay-out ratio: 30%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-163d-71aa-98fc-ee17a61a3e5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.704,
        "x": 0.148,
        "y": 0.175
      },
      "kind": "title",
      "text": "Capital allocation priorities aligned with TI Fluid Systems' strategic objectives",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1fc9a7eb-63d6-4533-80cd-f17450f68539",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.42,
        "x": 0.075,
        "y": 0.075
      },
      "kind": "title",
      "text": "Capital Allocation Priorities",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "007e2999-283f-4a87-95b1-36e2ce5e4980",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "e5c67746-a1d2-45cd-bc94-2ae4ea16f0ec",
      "evidence": "The slide explicitly outlines the company's strategy for allocating net cash generated from operations.",
      "confidence": 0.9
    }
  ],
  "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
}