{
  "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8",
  "docSlug": "80938ee8f28c",
  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-04-22 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2631578,
  "pageNumber": 49,
  "pageCount": 88,
  "prevPage": 48,
  "nextPage": 50,
  "slideType": "cite_precedent",
  "function": "cite_precedent",
  "density": "dense",
  "nDataPoints": 22,
  "notes": "Includes a disclaimer regarding the nature of the case study and specific financial definitions.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "kpi_table",
    "bar_chart_vertical",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/49",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-49",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "IR Shareholder Returns Outperform The Market",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-14d8-75c0-8c80-b46516b36633",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.36,
        "x": 0.505,
        "y": 0.505
      },
      "kind": "chart",
      "text": "IR Shareholder Returns Outperform The Market: Ingersoll-Rand/Allegion (154%) vs S&P (70%)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb878c66-5aa4-4a08-8e4c-7f077c0e1767",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.73,
        "x": 0.133,
        "y": 0.795
      },
      "kind": "disclaimer",
      "text": "Disclaimer: This case study is an example of a discrete investment... Source: Financials based on company filings, press releases and investor presentations. Source: Bloomberg. (1) EV/NTM EBITDA... (2) Source: SEC filings... (3) ROIC is defined... (4) TSR represents...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "08dfef6c-c45a-4839-a020-2ee5110171c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.35,
        "x": 0.133,
        "y": 0.245
      },
      "kind": "list",
      "text": "Trian invested in IR in February 2012 and met with management that April to discuss a broad corporate restructuring seeking: Higher margins, Portfolio optimization, Efficient capital allocation. In August 2012, Nelson Peltz joined the Board of Directors. Since then, Ingersoll-Rand has accomplished the following: Increased Focus (spun-off Allegion), Improved Profitability (EBIT margin up ~200bps), Improved ROIC (up 294bps).",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d905da5-fec1-4811-97a0-0afba349005c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "TSR: 154%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-14d8-75c0-8c80-ba295ffea986",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.36,
        "x": 0.505,
        "y": 0.215
      },
      "kind": "table",
      "text": "Key Metrics Up Across the Board: Revenue, Organic Growth, Gross Margin, EBITDA, EBIT, EBIT Margin, Diluted EPS, Annual Dividend, After-Tax ROIC for 2011 and 2014.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ff2ad92f-5f11-451f-8365-868fc8cc4892",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.43,
        "x": 0.133,
        "y": 0.165
      },
      "kind": "title",
      "text": "Nelson Peltz Case Study: Ingersoll-Rand",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6362c64d-eee0-4355-830e-8cd1bd8852ce",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "606b4def-c600-4b2b-88ea-b56e59ae7504",
      "evidence": "table/data: Key Metrics Up Across the Board: Revenue, Organic Growth, Gross Margin, EBITDA, EBIT, EBIT Margin, Diluted EPS, Annual Dividend, After-Tax ROIC for 2011 and 2014.",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 50,
      "from": 42,
      "beatId": "0626fdcf-9dc3-406f-a70b-73e1d0bb6bb1",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Climax",
      "beatSlug": "mountain-climax",
      "evidence": "Trian's vision for DuPont's future",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}