{
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  "docSlug": "679fae06ffaf",
  "documentTitle": "Bloomin' Brands (BLMN)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-10-01 00:00:00",
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  "pageNumber": 14,
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  "slideType": "peer_gap",
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  "density": "balanced",
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  "notes": "The slide uses a simple bar chart to illustrate a performance delta between the subject company and a peer.",
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  "metadataConfidence": 1,
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  "slideHref": "/slides/019dd923-622b-71dc-a6da-2deb87941ff3/14",
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      "kind": "chart",
      "text": "CY23E EBITDA Margin comparison between BLMN and DRI",
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      "kind": "metric",
      "text": "EBITDA margin: 11.9%",
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      "kind": "source-note",
      "text": "Source: Capital IQ. Estimates represent consensus figures.",
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      "kind": "title",
      "text": "There Is Great Opportunity for Value Creation in Narrowing the Operational Execution Gap Versus Darden",
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      "evidence": "Direct comparison of EBITDA margins between two companies to highlight a performance gap.",
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      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Slides 12-14 provide evidence of the valuation premium Bloomin' had over Darden before Starboard's involvement and the opportunity for value creation.",
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      "confidence": 0.8,
      "parentBeatName": "Evidence",
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      "name": "Iceberg",
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      "bestFor": "Consulting, complex problem solving, organizational change",
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      "evidence": "Slides 8-14 provide a detailed analysis of the operational execution gaps and valuation comparison.",
      "position": 0,
      "objective": "What is driving the valuation discount of Bloomin' Brands?",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
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      "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
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