{
  "docId": "019dd923-622b-71dc-a6db-91fb14eb885a",
  "docSlug": "7fff9fc593d2",
  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-04-17 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 24,
  "pageCount": 45,
  "prevPage": 23,
  "nextPage": 25,
  "slideType": "problem_statement",
  "function": "diagnose_problem",
  "density": "dense",
  "nDataPoints": 24,
  "notes": "The slide uses a combination of bar charts for revenue/EBITDA trends and a comparison bar chart for ROIC vs WACC to highlight value destruction.",
  "elementsJson": [
    "headline_text",
    "bar_chart_vertical",
    "data_table",
    "bar_chart_horizontal",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-91fb14eb885a/24",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-91fb14eb885a",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-91fb14eb885a.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-91fb14eb885a#slide-24",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.8,
        "x": 0.1,
        "y": 0.76
      },
      "kind": "callout",
      "text": "DuPont's inability to generate an attractive return in its non-Agriculture businesses (68% of revenues) is concerning especially in light of the current headwinds in Agriculture markets",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7758d0cf-eb12-427c-b9d6-2668538ffba2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.38,
        "x": 0.52,
        "y": 0.48
      },
      "kind": "chart",
      "text": "Uneconomic ROIC: Significantly Below WACC",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d954df8-e494-4e6b-b361-610260e98a89",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.1,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Sales ex Agriculture and Pharma (2007-2014)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c276f437-7851-4a4b-aaf2-8cfc4770e26f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.1,
        "y": 0.48
      },
      "kind": "chart",
      "text": "Pre-R&D EBITDA ex Agriculture and Pharma (2007-2014)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dff3071d-378b-4156-ad37-9b6f5c0dc034",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "ROIC: 5.0%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-14d8-75c0-8c79-6249bd82d35e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "Source: Company SEC filings, Trian Estimates and Company Data Books.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d69adc74-a7c8-43ed-92ea-d6edb36f3f39",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.38,
        "x": 0.52,
        "y": 0.18
      },
      "kind": "table",
      "text": "Capital Expenditures, Net Acquisitions & Research and Development",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "69628993-edbb-4abd-9c37-ba8596d46f18",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.12
      },
      "kind": "title",
      "text": "Uneconomic ROIC On 2/3rds Of The Revenue Base (Ex Ag & Pharma)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3feea7c4-66cb-4e1f-8ed3-23a4848a3bae",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "diagnostic-test",
      "slug": null,
      "matchId": "76acf053-8b9a-4303-99b2-ed061dc834ac",
      "evidence": "The slide uses financial data to diagnose the root cause of poor performance in specific business segments.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 24,
      "from": 15,
      "beatId": "ac78e74d-518f-4088-b7c1-135cb63969a2",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The document agitates the problem by highlighting the CEO's contradictions, the company's failures, and the negative consequences of these issues.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}