{
  "docId": "019dd923-5eff-723e-9be6-2c36e04f2df6",
  "docSlug": "635f118819531b39",
  "documentTitle": "2024 Q3 Results Presentation",
  "authorId": "Air-France-KLM",
  "authorName": "Air France-KLM",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 13,
  "pageCount": 29,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 14,
  "notes": "The slide uses a dual-waterfall structure to bridge cash flow components to net debt changes.",
  "elementsJson": [
    "headline_text",
    "waterfall_chart",
    "callout_box",
    "big_number"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be6-2c36e04f2df6/13",
  "deckHref": "/decks/019dd923-5eff-723e-9be6-2c36e04f2df6",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-2c36e04f2df6.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-2c36e04f2df6#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.23,
        "x": 0.33,
        "y": 0.18
      },
      "kind": "callout",
      "text": "Exceptionals: €610m one-time payment to the Air France flight crew pension fund (CRPN); €362m deferred social charges and wages taxes",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "385a959a-3a16-4f36-b71d-fcf1d4eba5ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Leverage ratio (Net debt/EBITDA) 1.7x vs 1.5x Ambition.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-5be9-7345-ace7-ddf7369734aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.9,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "chart",
      "text": "9m 2024 Free cash flow evolution",
      "attrs": null,
      "subkind": "waterfall",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9fcb1d0f-9a96-45b5-b38e-1c5b9ec0951a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.15,
        "x": 0.75,
        "y": 0.18
      },
      "kind": "metric",
      "text": "Leverage ratio (Net debt/EBITDA) 1.7x (Ambition 1.5x - 2.0x)",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3a7c3b7b-329c-4822-bb65-c80f78cd9637",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.13,
        "x": 0.59,
        "y": 0.18
      },
      "kind": "metric",
      "text": "Solid Cash at hand at end September €9.0bn",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4beea7e5-1aeb-4c38-b84d-eb01bf51f451",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Leverage ratio: 1.7x",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-5be9-7345-ace7-e0da8a4224fb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "9M: LEVERAGE RATIO IN LINE WITH AMBITION",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aac2477d-7526-46fd-a2c8-b90f7ad3574f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "ca349b3a-dcd7-45dc-a0b6-d42cee63ff54",
      "evidence": "metric/big-number: Leverage ratio (Net debt/EBITDA) 1.7x (Ambition 1.5x - 2.0x)",
      "confidence": 0.5
    },
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1a13-73b8-b32f-7093671b6bc7",
      "evidence": "Title 'leverage ratio in line with ambition' states the conclusion.",
      "confidence": 85
    },
    {
      "name": "Annotation",
      "slug": "annotation",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1a13-73b8-b32f-6c942d197d6b",
      "evidence": "Exceptionals box (€610m, €362m) annotates a specific waterfall step.",
      "confidence": 85
    },
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1a13-73b8-b32f-682410b746d8",
      "evidence": "Cash flow and net debt drawn as twin waterfalls — bridge data fits waterfall.",
      "confidence": 90
    },
    {
      "name": "Visual Hierarchy",
      "slug": "visual-hierarchy",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1a13-73b8-b32f-743fdf874aa6",
      "evidence": "Three top-right callouts (cash, leverage) elevated above chart detail.",
      "confidence": 70
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "85eacd8d-37f0-465b-bfd3-474cffb5496d",
      "evidence": "chart/waterfall: 9m 2024 Free cash flow evolution",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "Cash Flow Waterfall",
      "slug": null,
      "matchId": "019dd95a-1d21-7467-a466-b992ea75aadc",
      "evidence": "Free cash flow evolution from cash-flow-before-WC down to recurring adjusted FCF as waterfall.",
      "confidence": 85
    },
    {
      "name": "Net Debt Bridge",
      "slug": null,
      "matchId": "019dd95a-1d21-7467-a466-bcf1cd9cb610",
      "evidence": "Right-side bridge from Net debt 31 Dec 2023 to Net debt 30 Sep 2024.",
      "confidence": 80
    },
    {
      "name": "waterfall-chart",
      "slug": null,
      "matchId": "3739b99f-9482-4b94-8f63-e01dc43ad4f0",
      "evidence": "Visual representation of sequential changes to a starting value",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 13,
      "from": 2,
      "beatId": "019dd95a-07a7-7579-bd62-3f9db52c8507",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Q3 highlights through financial results tables and waterfalls.",
      "position": 1,
      "confidence": 78,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    },
    {
      "to": 13,
      "from": 8,
      "beatId": "019dd95a-07a7-7579-bd62-57ea905a897f",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Financial deep dive: revenue, operating result, yield, leverage.",
      "position": 4,
      "confidence": 55,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 13,
      "from": 9,
      "name": "So What Cascade",
      "slug": "41-so-what-cascade",
      "bestFor": "Data presentations, executive summaries, driving to recommendations",
      "matchId": "019dd95a-08f8-7619-ac2b-6831b7fe5a53",
      "evidence": "p9 waterfall, p10 revenue by segment, p11 op result by airline, p12 yield, p13 leverage — data → so-what.",
      "position": 2,
      "objective": "Cascade from headline P&L to implications by airline and balance sheet",
      "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)",
      "confidence": 75,
      "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}