{
  "docId": "019dd923-622b-71dc-a6db-087ba15f500b",
  "docSlug": "871aaa006ef0",
  "documentTitle": "Vitesco Technologies (VTSC)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-05-09 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 34,
  "pageCount": 47,
  "prevPage": 33,
  "nextPage": 35,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 60,
  "notes": "The slide presents a financial model projection for a growth company, highlighting the transition from negative to positive margins.",
  "elementsJson": [
    "headline_text",
    "data_table",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-087ba15f500b/34",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-087ba15f500b",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-087ba15f500b.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-087ba15f500b#slide-34",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "As it scales up, we expect its negative margins to inflect in 2024 and reach 8% by 2027. From there, margins should continue improving toward 10%.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-14dd-72ca-b97e-f82b2bf7d415",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "EBIT - Adjusted (% Margin): 9.9%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-14dd-72ca-b97e-ff42a75e2b35",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.74,
        "x": 0.13,
        "y": 0.5
      },
      "kind": "paragraph",
      "text": "Peanut Butter is a growth stock. It is currently losing money, but we believe that as it scales, it will show significant profits. We expect revenues to increase by over 4x over the next 8 years. That’s a realistic CAGR of 20%. As it scales up, we expect its negative margins to inflect in 2024 and reach 8% by 2027. From there, margins should continue improving toward 10%.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "78dc8ec9-3dad-4cba-be4c-fa52c7e7efa9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.13,
        "y": 0.68
      },
      "kind": "source-note",
      "text": "Source: Peanut Butter company data; Greenlight estimates and calculations.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "de79a75f-1f04-483a-bc5d-100f0bad82ae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.74,
        "x": 0.13,
        "y": 0.22
      },
      "kind": "table",
      "text": "Financial table with rows for Revenues, EBITDA, EBIT, % Margin, Order Intake, and Order Backlog across years 2021-2030E.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "739203ff-a170-4890-a007-44ccb95380c3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.48,
        "x": 0.26,
        "y": 0.14
      },
      "kind": "title",
      "text": "Peanut Butter Financials",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b14069c-c8db-4a47-a10c-d1caee76ab39",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 37,
      "from": 34,
      "name": "Before After",
      "slug": "21-before-after",
      "bestFor": "Product demos, process improvements, ROI justification",
      "matchId": "5a226d83-b12b-4102-9263-b6be26e43fef",
      "evidence": "Financial comparisons and valuation",
      "position": 2,
      "objective": "Vitesco's financial growth potential",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
      "confidence": 0.6,
      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}