{
  "docId": "019dd923-5e88-73ef-bd5e-50b51fc69fb9",
  "docSlug": "c0adba4d960d7ebb",
  "documentTitle": "2025 12 Capital Markets Day",
  "authorId": "Deutsche-Boerse",
  "authorName": "Deutsche Börse Group",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 72,
  "pageCount": 83,
  "prevPage": 71,
  "nextPage": 73,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 9,
  "notes": "The slide uses a waterfall-style logic to bridge Net Revenue to Net Profit and Free Cash Flow.",
  "elementsJson": [
    "waterfall_chart",
    "headline_text"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5e-50b51fc69fb9/72",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5e-50b51fc69fb9",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5e-50b51fc69fb9.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5e-50b51fc69fb9#slide-72",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "A free cash flow of ~€2.0 billion allows for strong investment capacity and attractive returns for shareholders",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-6676-7447-a80d-64f8bf25fb4a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.65,
        "x": 0.02,
        "y": 0.25
      },
      "kind": "chart",
      "text": "P&L structure 2025E waterfall chart",
      "attrs": null,
      "subkind": "waterfall",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "694a04f0-1b23-476d-b96f-e905fbd01e4e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.22,
        "x": 0.75,
        "y": 0.3
      },
      "kind": "list",
      "text": "Revenue Growth: Sustained growth momentum for the last years (11% CAGR w/o treasury result since 2019). Scalability: Scalability of business model ensures high profitability. Financial Capacity: A free cash flow of ~€2.0 billion allows for strong investment capacity.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6abb3b12-2151-49df-bff1-697d816a0511",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Free Cash Flow: ~2.0",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-6676-7447-a80d-6982f60c958c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.02,
        "y": 0.06
      },
      "kind": "title",
      "text": "Our 2028 ambition builds on highly attractive financial economics of our unique business model",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a861d52b-610e-4034-8e22-3930c8b252c9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "waterfall-chart",
      "slug": null,
      "matchId": "0a2262ef-1ab4-42f4-923a-5aed4e86d33c",
      "evidence": "The slide uses a waterfall chart to bridge financial metrics.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 83,
      "from": 21,
      "beatId": "615a746a-3999-4b64-b27d-b425e263bd3a",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The document concludes with a call to action, outlining the group's targets and financial ambitions.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}