{
  "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": 77,
  "pageCount": 83,
  "prevPage": 76,
  "nextPage": 78,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 7,
  "notes": "The slide uses two donut charts to show the composition of a €600m investment budget.",
  "elementsJson": [
    "donut_chart",
    "process_diagram"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5e-50b51fc69fb9/77",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5e-50b51fc69fb9",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5e-50b51fc69fb9.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5e-50b51fc69fb9#slide-77",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "State-of-the-art technology today is the result of forward-looking investments made in the past",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-6676-7447-a80d-4b0c215c10bf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.2,
        "x": 0.05,
        "y": 0.4
      },
      "kind": "chart",
      "text": "Investment budget by cost type (Operating costs 40%, Capex 60%)",
      "attrs": null,
      "subkind": "donut",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "97043fad-49ab-47d9-b7ef-dbc84f20fff0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.25,
        "x": 0.3,
        "y": 0.4
      },
      "kind": "chart",
      "text": "Investment budget by segment (Shared IT 12%, Investment Management Services 34%, Trading & Clearing 27%, Fund Services 7%, Securities Services 20%)",
      "attrs": null,
      "subkind": "donut",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ac2e5ba0-25d3-4d92-b81e-fa7d3d9edc22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.3,
        "x": 0.65,
        "y": 0.3
      },
      "kind": "list",
      "text": "State-of-the-art technology today is the result of forward-looking investments made in the past. Operating efficiency benefit operating model helps us to further improve our efficiency while driving growth. Impact on cost growth limited despite ongoing investment in future-oriented projects.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cc9c5531-01da-4947-ba2f-008b4f70e748",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Investment Budget: €600m",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-6676-7447-a80d-4d7efe4a02a4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.96,
        "x": 0.02,
        "y": 0.06
      },
      "kind": "title",
      "text": "Past investments and efficiency gains allow for reasonable and future proof investment budget to drive growth",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "27f85724-5e34-471f-98e9-dd6fb570f15a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.02,
        "y": 0.22
      },
      "kind": "title",
      "text": "Break-down of 2026 investment budget",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "648d37c4-eec4-4c1a-bdb6-708c9595ec5a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Capital Allocation Framework",
      "slug": "capital-allocation-framework",
      "agent": null,
      "layer": "slide",
      "matchId": "bb37fdf7-f031-4404-b540-f19985d60f2b",
      "evidence": "The slide discusses investment budget by segment and cost type, indicating a capital allocation framework.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "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
}