{
  "docId": "019dd923-622b-71dc-a6db-6ccef3273a9a",
  "docSlug": "2d4d5608fb41",
  "documentTitle": "The Walt Disney Company (DIS)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "press-release",
  "documentKindLabel": "Press release",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-01-11 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 9,
  "pageCount": 9,
  "prevPage": 8,
  "nextPage": null,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 24,
  "notes": "The slide uses a strong negative framing ('Disappointing') to interpret the financial data.",
  "elementsJson": [
    "headline_text",
    "data_table",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-6ccef3273a9a/9",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-6ccef3273a9a",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-6ccef3273a9a.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-6ccef3273a9a#slide-9",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Complete elimination of the dividend paid for ~57 years",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d0-745c-beba-95d04d76d407",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.704,
        "x": 0.148,
        "y": 0.525
      },
      "kind": "disclaimer",
      "text": "Source: SEC filings. Note: (1) Referred to as 'COGS' (i.e., Cost of Goods Sold) in 'Underlying Change in Performance' notes; excludes D&A. (2) Defined as Sales, General and Administrative expenses. (3) Defined as Earnings before Interest, Taxes, Depreciation & Amortization; includes equity income. (4) Defined as Earnings Per Share.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8f33c797-1a33-48b9-b70c-71e4a55a813c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Adj. EBITDA: (23%)",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-f5d0-745c-beba-9a72620c5412",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.674,
        "x": 0.163,
        "y": 0.15
      },
      "kind": "table",
      "text": "Financial performance table comparing FY2018 and FY2022 metrics with YoY change and commentary.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a4863959-1b5d-4d69-b095-11cd4de94467",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.674,
        "x": 0.163,
        "y": 0.118
      },
      "kind": "title",
      "text": "Disney's Financial Performance Has Been Disappointing",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f68431e8-72b1-4af2-a4c6-0e1ef5e7a6f0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.45,
        "x": 0.118,
        "y": 0.088
      },
      "kind": "title",
      "text": "Appendix C: Change in Financial Performance Since 2018",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59ef25b4-078e-40dd-a226-0b1d78937707",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "74a1dfb7-b97d-44d9-838c-8b231091e973",
      "evidence": "Financial performance table comparing FY2018 and FY2022 metrics with YoY change and commentary",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "action-titles",
      "slug": null,
      "matchId": "455c8ea5-1f25-43e0-933b-364e47d21bed",
      "evidence": "The headline explicitly states a conclusion about the data.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 9,
      "from": 7,
      "beatId": "a2c96800-6b2e-436f-bc5a-4bd515109811",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate (Make it worse)",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The appendix data shows Disney's poor financial performance and underperformance",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 9,
      "from": 7,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "d129ffb5-5ace-446b-a6a5-b51c9e7c2759",
      "evidence": "The appendix data shows the negative consequences of Disney's underperformance",
      "position": 0,
      "objective": "Highlight the cost of inaction and the need for change",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}