{
  "docId": "019dd923-5eff-723e-9be6-1d67f296d881",
  "docSlug": "436a5769c238a644",
  "documentTitle": "2023 Capital Markets Day",
  "authorId": "Accor",
  "authorName": "Accor",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 165,
  "pageCount": 172,
  "prevPage": 164,
  "nextPage": 166,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The diagram uses a visual flow to show how Free Cash Flow is split between dividends and excess cash, with the latter further allocated to buy-backs, balance sheet, and investments.",
  "elementsJson": [
    "headline_text",
    "process_diagram"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be6-1d67f296d881/165",
  "deckHref": "/decks/019dd923-5eff-723e-9be6-1d67f296d881",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-1d67f296d881.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-1d67f296d881#slide-165",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "in line with Investment Grade requirements",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-5be7-749e-90e8-34600118c4d2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.45,
        "x": 0.06,
        "y": 0.294
      },
      "kind": "chart",
      "text": "Flow diagram showing Free Cash Flow split into Ordinary Dividend and Excess Cash Flow",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dbdf4a8a-cc02-407a-805d-b12c4d197024",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.41,
        "y": 0.38
      },
      "kind": "list",
      "text": "€1.3-1.6bn cumulated ordinary dividend over 2023-27",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "07f0310a-8511-4090-8a0f-3e391d9ffffe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.58,
        "y": 0.765
      },
      "kind": "list",
      "text": "Opportunistic investments",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "242e9464-22d2-4d91-8339-3abb5d7dd5aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.58,
        "y": 0.575
      },
      "kind": "list",
      "text": "€1.5-2bn share buy-back over 2023-27",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f666c4f1-8b02-40e5-b9ed-c3d9847ee0a8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.58,
        "y": 0.67
      },
      "kind": "list",
      "text": "Balance sheet reinforcement",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa9149db-823d-41d6-8e3f-b68971ef2b2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Shareholder Return: €3bn",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-5be7-749e-90e8-39fda00832e2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.52,
        "y": 0.835
      },
      "kind": "paragraph",
      "text": "in line with Investment Grade requirements",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "10307cf5-b603-4629-a7fe-6b4d85b7f6f7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.04,
        "y": 0.15
      },
      "kind": "title",
      "text": "RETURN TO SHAREHOLDERS c.€3BN OVER 2023-27",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8fbabe55-3881-4385-b293-29c18cdae0a5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Callback",
      "slug": "callback",
      "agent": "Storyteller",
      "layer": "loop",
      "matchId": "019dd95a-1a13-73b8-b32a-40334fcb947e",
      "evidence": "Callback to p.16 €3bn return to shareholders commitment",
      "confidence": 70
    },
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1a13-73b8-b32a-3b619ef71faa",
      "evidence": "'RETURN TO SHAREHOLDERS C.€3BN OVER 2023-27'",
      "confidence": 90
    },
    {
      "name": "Concrete Language",
      "slug": "concrete-language",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-1a13-73b8-b32a-3cd72195d16c",
      "evidence": "c.€3bn figure anchored on slide",
      "confidence": 80
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "a0dfb831-6165-43cb-98d5-d239fe0caa28",
      "evidence": "Chart/waterfall-bridge: Flow diagram showing Free Cash Flow split into Ordinary Dividend and Excess Cash Flow",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "7165398f-7142-4e49-9715-87396defb922",
      "evidence": "The slide explicitly maps the allocation of Free Cash Flow to various shareholder return and investment categories.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 167,
      "from": 161,
      "beatId": "019dd95a-07a7-7579-bd61-abdf9132d739",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "FY23 guidance, 2023-27 EBITDA growth, c.€3bn shareholder returns, 'all about execution'",
      "position": 5,
      "confidence": 85,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    },
    {
      "to": 167,
      "from": 45,
      "beatId": "019dd95a-07a7-7579-bd61-b5b6b5c872e9",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Action (Now What)",
      "beatSlug": "triple-take-the-action-now-what",
      "evidence": "Execution plan + financial commitments",
      "position": 3,
      "confidence": 60,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 166,
      "from": 161,
      "name": "Time Machine",
      "slug": "24-time-machine",
      "bestFor": "Vision casting, long-term strategy, investment pitches",
      "matchId": "019dd95a-08f8-7619-ac2a-da72b01ea27f",
      "evidence": "Mid-term ambition section: FY23 guidance then 2023-27 growth ranges then c.€3bn shareholder returns then 'all about execution'",
      "position": 14,
      "objective": "Project 2023-27 ambition: guidance, growth, shareholder returns",
      "structure": "Fast Forward to Success -> What Made It Possible -> Back to Today's Decision",
      "confidence": 70,
      "description": "Transport the audience to a future state where your solution has already succeeded"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}