{ "docId": "019dd923-622b-71dc-a6da-0960d3a52cec", "docSlug": "798b531685a0", "documentTitle": "GCP Applied Technologies (GCP)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2020-04-30 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 88, "pageCount": 131, "prevPage": 87, "nextPage": 89, "slideType": "propose_solution", "function": "propose_solution", "density": "overcrowded", "nDataPoints": 4, "notes": "Uses peer benchmarking to highlight R&D inefficiency.", "elementsJson": [ "headline_text", "subtitle_text", "logo_grid", "bullet_list", "big_number", "callout_box", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-0960d3a52cec/88", "deckHref": "/decks/019dd923-622b-71dc-a6da-0960d3a52cec", "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-0960d3a52cec.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-0960d3a52cec#slide-88", "components": [ { "bbox": { "h": 0.2, "w": 0.25, "x": 0.73, "y": 0.62 }, "kind": "callout", "text": "GCP's lack of growth is not the result of a lack of investment. It is the result of a poor investment strategy.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9d32d873-de56-45cb-82ea-917f8079273d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.2, "x": 0.2, "y": 0.28 }, "kind": "image", "text": "Sika logo", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3b86f5a1-71e3-4fc1-8d4e-08f12625666e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.2, "x": 0.65, "y": 0.28 }, "kind": "image", "text": "BASF logo", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "54c9f169-4490-4a2e-b100-2ffefaa3d6ca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.92, "x": 0.04, "y": 0.4 }, "kind": "list", "text": "Sika and BASF quotes on R&D-driven sales growth", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "65f88c1e-f052-4037-8d32-8c8d6ebb3c14", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.15, "x": 0.25, "y": 0.65 }, "kind": "metric", "text": "$95 mm R&D Budget", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0f9edc2a-02b8-4e70-9dda-79d95044fca3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.15, "x": 0.45, "y": 0.65 }, "kind": "metric", "text": "$52 mm Actual Organic Sales", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b14c447a-0c34-40ef-9a07-53294b5d5c46", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.15, "x": 0.65, "y": 0.65 }, "kind": "metric", "text": "$171 mm Missed Sales Opportunities", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b9e4d164-5993-4656-b63d-3a308c4a4553", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.15, "x": 0.05, "y": 0.65 }, "kind": "metric", "text": "2.36x Average Peer Productivity", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d59aa32b-db21-436f-bb57-4b80b0aa3500", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "R&D productivity: 2.36x", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd953-0f1f-75c8-8583-5f819f5addbf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.94, "x": 0.03, "y": 0.22 }, "kind": "paragraph", "text": "Innovation Is Critical To Growth in Specialty Building Products", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "223c695c-fcca-4159-876b-ddb42647671a", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "By 2023 the company aims to generate 25% of sales with products that have been launched on the market in the last five years. — Sika; We generated sales of around €10 billion [17% of total] with products launched on the market in the past five years that stemmed from research and development activities — BASF", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-0f1f-75c8-8583-5bd82eed510e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.96, "x": 0.02, "y": 0.92 }, "kind": "source-note", "text": "Source: Sika's and BASF's public filings, Starboard analysis and estimates.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d352e11d-19bc-4859-9b8c-241a365f57dd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.7, "x": 0.04, "y": 0.16 }, "kind": "title", "text": "We believe GCP can drive growth by proactively focusing on its R&D Strategy.", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bdcb4521-4e17-4d5f-bfd5-5984cd561305", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.92, "x": 0.04, "y": 0.04 }, "kind": "title", "text": "We Believe GCP Has Missed Out on Significant White Space to Drive Organic Growth", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ca67daba-9859-437c-a1ee-9904b9548b56", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "comparison_frame", "slug": null, "matchId": "4371b016-0ce5-44fa-a389-479aea57c1a6", "evidence": "Comparing GCP metrics against peer benchmarks to identify performance gaps.", "confidence": 0.8 } ], "arcBeats": [ { "to": 120, "from": 41, "beatId": "cffa6cb1-8361-4f02-8c97-3df4d753bb2c", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The deck presents Starboard's plan for value creation, including operational improvements and a new board.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 100, "from": 81, "name": "Pareto Focus", "slug": "50-pareto-focus", "bestFor": "Resource allocation, problem prioritization, efficiency improvements", "matchId": "68df8ca1-3600-46a5-a0cc-bfdb5040bb72", "evidence": "The deck prioritizes the most important areas for improvement and presents a plan to address them.", "position": 3, "objective": "Focus on the most critical issues", "structure": "The Full Distribution -> The Vital Few (20%) -> The Trivial Many (80%) -> Focus Recommendation", "confidence": 0.7, "description": "Show that 80% of results come from 20% of causes to drive prioritization" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }