{
  "docId": "019dd923-5e88-73ef-bd5e-46036389d72f",
  "docSlug": "4b9a71df9efc8be5",
  "documentTitle": "2025 Investor Day",
  "authorId": "CVS-Health",
  "authorName": "CVS Health",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 99,
  "pageCount": 102,
  "prevPage": 98,
  "nextPage": 100,
  "slideType": "roadmap",
  "function": "plan_implementation",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5e-46036389d72f/99",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5e-46036389d72f",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5e-46036389d72f.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5e-46036389d72f#slide-99",
  "components": [
    {
      "bbox": {
        "h": 0.5,
        "w": 0.43,
        "x": 0.52,
        "y": 0.3
      },
      "kind": "list",
      "text": "LONG-TERM Return to strategic deployment: Invest in the business and maintain risk-based capital; Provide a compelling dividend; Sustain strong investment grade capital structure; Resume share repurchases and maintain capacity to engage in bolt-on acquisitions to support strategy",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44766f25-0507-4066-82f6-8835d7809615",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.4,
        "x": 0.05,
        "y": 0.35
      },
      "kind": "list",
      "text": "SHORT-TERM Focus on de-leveraging: Invest in the business and maintain risk-based capital; Committed to current dividend per share; Achieve leverage consistent with mid-BBB credit rating; Suspend share repurchases and material acquisitions until leverage target achieved",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "974bad6e-9e7a-42f8-af5a-63bf10bfa05e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Focused on de-leveraging before returning to more normalized strategic capital deployment",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "889cf152-8972-4849-a066-a9c9ed598b9f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "a5eba8a3-2be3-4cf7-8fa5-87e1e84c8d8b",
      "evidence": "The slide outlines a phased approach to capital allocation (de-leveraging vs. deployment).",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}