{
  "docId": "019dd923-622b-71dc-a6da-8838cac54105",
  "docSlug": "385560c2d7f5",
  "documentTitle": "Fluor Corporation (FLR)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 7,
  "pageCount": 35,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "competitive_analysis",
  "function": "compare_peers",
  "density": "overcrowded",
  "nDataPoints": 30,
  "notes": "The slide uses a line chart to show market growth trends while listing competitors to illustrate market fragmentation.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "logo_grid",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-8838cac54105/7",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-8838cac54105",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-8838cac54105.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-8838cac54105#slide-7",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We believe the construction market was historically marked by aggressive competition and undisciplined risk taking",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-fb90-708a-8674-a387a71c86da",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.72,
        "x": 0.04,
        "y": 0.23
      },
      "kind": "chart",
      "text": "U.S. Census Bureau Annual Value of Construction Put in Place in the 2010s in Select Fluor End Markets",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b620b211-06ec-46b0-b282-768ca7741e32",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.38,
        "x": 0.165,
        "y": 0.335
      },
      "kind": "image",
      "text": "Prior U.S. EPCM Competitive Landscape",
      "attrs": null,
      "subkind": "logo-grid",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "63454193-b5c0-457d-862a-9a179d2792a1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.04,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Public company filings, U.S. Census Bureau. (1) Includes the following U.S. Census Bureau categories...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da2b5799-4335-42da-badc-394d7f66446d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.92,
        "x": 0.04,
        "y": 0.13
      },
      "kind": "subtitle",
      "text": "The U.S. construction market in the 2010s was fragmented, with numerous EPCM firms competing aggressively for projects across key end markets despite limited industry growth.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ca241cd7-b1c9-4305-b155-5e8c059222d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.92,
        "x": 0.04,
        "y": 0.9
      },
      "kind": "title",
      "text": "We believe the construction market was historically marked by aggressive competition and undisciplined risk taking",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b449222f-e9ee-48d2-b503-853403c9562a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.55,
        "x": 0.04,
        "y": 0.07
      },
      "kind": "title",
      "text": "Construction Was Historically a Very Competitive Market",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "600f57e7-63d9-455b-a49a-3495a010a823",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "competitive-landscape",
      "slug": null,
      "matchId": "0d6e631f-9e1d-439c-a3ec-5a2814a4f1d4",
      "evidence": "Lists key competitors alongside market data",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 10,
      "from": 7,
      "beatId": "10d8d880-8918-41b2-9e8b-48f3270aa01e",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "The document presents the competitive analysis and the problems with Fluor's previous business model",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}