{
  "docId": "019dd923-622b-71dc-a6da-4f76d1ed07b0",
  "docSlug": "2d207abf9499",
  "documentTitle": "GoDaddy, News Corp, Fortrea",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-10-17 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 20,
  "pageCount": 70,
  "prevPage": 19,
  "nextPage": 21,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 5,
  "notes": "The slide uses a timeline-based visual to present a 3-year plan (2022-2024).",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "callout_box",
    "screenshot",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-4f76d1ed07b0/20",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-4f76d1ed07b0",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-4f76d1ed07b0.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-4f76d1ed07b0#slide-20",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.74,
        "x": 0.13,
        "y": 0.77
      },
      "kind": "callout",
      "text": "GoDaddy also committed to a $1.3 billion free cash flow target for FY2024",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3415ae59-d323-4321-a480-fbf9006eecef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "We believed these targets were a step in the right direction, but left room for outperformance, particularly around margin expansion.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d0-745c-beb5-61bcd0653c9c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.62,
        "x": 0.19,
        "y": 0.26
      },
      "kind": "chart",
      "text": "Attractive shareholder value creation framework: 10%+ Revenue CAGR, 15%+ NEBITDA CAGR, 20%+ FCF per share CAGR, $3B Share buybacks",
      "attrs": null,
      "subkind": "timeline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "47b09a61-87d6-49da-8187-6513d596a205",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "FCF per share CAGR: 20%+",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-f5d0-745c-beb5-645d98a4fb6e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.05,
        "y": 0.9
      },
      "kind": "paragraph",
      "text": "We believed these targets were a step in the right direction, but left room for outperformance, particularly around margin expansion.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fba033c8-07c7-478f-a415-dfe1be83d2b7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "subtitle",
      "text": "In early 2022, GoDaddy hosted an Investor Day and made commitments to drive strong revenue, Adj. EBITDA, and free cash flow growth.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e20f0dce-4a87-4c6c-aa14-dc13afd9b924",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "GoDaddy Outlined New Financial Targets at Its 2022 Investor Day",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cb6024b2-62b7-4493-b98a-ca6781debcf6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "28464ff2-95c2-45e7-94ab-3319ed30674e",
      "evidence": "In early 2022, GoDaddy hosted an Investor Day and made commitments to drive strong revenue, Adj. EBITDA, and free cash flow growth.",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "timeline",
      "slug": null,
      "matchId": "00f15820-ae12-454d-a49f-8ac871bc371e",
      "evidence": "The slide presents a 3-year plan (2022-2024) on a horizontal axis.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 11,
      "beatId": "a2fd2206-69ee-45d0-85d3-4ad8da2a62c8",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "Starboard Value presents its ideas and proposed solutions for each company.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 11,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "c2e1a96c-3770-4df6-b2e5-2ad57635d453",
      "evidence": "The document presents a clear and compelling investment thesis.",
      "position": 1,
      "objective": "Why should investors consider Starboard Value's ideas?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}