{
  "docId": "019dd923-5eff-723e-9be6-a0cad080dbd8",
  "docSlug": "9a64e7cb94465d1c",
  "documentTitle": "2025 Annual Report",
  "authorId": "HBX-Group",
  "authorName": "HBX Group",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 21,
  "pageCount": 212,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "kpi_dashboard",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 11,
  "notes": "The slide uses horizontal bar charts to visualize financial trends and provides detailed commentary on the drivers of performance for each metric.",
  "elementsJson": [
    "bar_chart_horizontal",
    "paragraph",
    "footnote",
    "icon_grid"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be6-a0cad080dbd8/21",
  "deckHref": "/decks/019dd923-5eff-723e-9be6-a0cad080dbd8",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-a0cad080dbd8.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-a0cad080dbd8#slide-21",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "In FY25, Adjusted EBITDA grew by 9%, or 10% on a constant currency basis, reflecting the growth in gross profit, combined with the recognition of cost savings.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-6d55-7689-90fe-045fb10c634c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.28,
        "x": 0.35,
        "y": 0.23
      },
      "kind": "chart",
      "text": "EBITDA 2022-2025",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "05b7e498-77e6-477a-a858-eda429a89034",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.28,
        "x": 0.66,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Adjusted EBITDA and Margin 2022-2025",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "47fa0564-224b-41c3-9f25-337d50944f9d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.28,
        "x": 0.04,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Gross Profit 2022-2025",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb60b345-7dce-4873-be5b-b1aeb43510f2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.04,
        "y": 0.85
      },
      "kind": "list",
      "text": "Footnotes explaining Gross profit, APM definitions, and constant currency adjustments.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e9d6932a-30cc-47e5-8bca-2e579c1ecdbf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.28,
        "x": 0.66,
        "y": 0.82
      },
      "kind": "list",
      "text": "Link to Strategic Objectives: Grow in accommodation, Expand the Ecosystem, Drive Profitability. Link to Remuneration.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eff0c7bd-1a04-41ab-b3d2-78ff1a9de2dd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Adjusted EBITDA: 431",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-6d55-7689-90fe-096e34c6bfa9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.28,
        "x": 0.66,
        "y": 0.42
      },
      "kind": "paragraph",
      "text": "Adjusted EBITDA enables the Group to assess its operational performance, whilst aiding comparability...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "29f732a5-d924-44c7-b964-185788b85976",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.28,
        "x": 0.35,
        "y": 0.42
      },
      "kind": "paragraph",
      "text": "EBITDA is calculated as operating profit after adding back depreciation and amortisation...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "449b4877-09e4-424c-b544-c6405f085a5b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.28,
        "x": 0.04,
        "y": 0.42
      },
      "kind": "paragraph",
      "text": "Gross profit comprises revenue less other income and costs. In FY25, gross profit increased by 2% to €698m...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bd16612c-1abd-43c7-8b74-271b2b53822a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.07,
        "y": 0.06
      },
      "kind": "title",
      "text": "Key performance indicators",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "88354cd1-afea-44fd-b5de-243c773c7043",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "658a63ab-7637-422a-b72e-f78fabfb104e",
      "evidence": "chart/bar-horizontal: Adjusted EBITDA and Margin 2022-2025",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 212,
      "from": 4,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "c55003a6-dc9b-4ab9-ab52-0f174175edcf",
      "evidence": "The document provides a comprehensive overview of HBX Group, using a logic chain to guide the reader through the content.",
      "position": 0,
      "objective": "Understand HBX Group's current state and strategy",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}