{
  "docId": "019dd923-622b-71dc-a6db-b5edc1dad033",
  "docSlug": "66f3a5764229",
  "documentTitle": "Alexander & Baldwin (ALEX); GenCorp (GY); Brookfield Residential Properties (BRP)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-10-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 21,
  "pageCount": 69,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "valuation_table",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 10,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "paragraph",
    "data_table"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-b5edc1dad033/21",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-b5edc1dad033",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-b5edc1dad033.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-b5edc1dad033#slide-21",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We believe ALEX's JV development projects are conservatively worth roughly ~$404 million",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0935-737e-8dae-1f746a8199cf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "JV Development Value: $404 million",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-0935-737e-8dae-20857a9bdfb5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.24,
        "x": 0.06,
        "y": 0.235
      },
      "kind": "paragraph",
      "text": "We believe ALEX's JV development projects are conservatively worth roughly ~$404 million",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e4fd9296-656b-4f68-9e78-0af7985bcc20",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.28,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: Company documents, Marcato estimates",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b68c696a-c1c5-4ad3-aadf-9ea9b1008e19",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.6,
        "x": 0.3,
        "y": 0.25
      },
      "kind": "table",
      "text": "Kukui'ula 1,000 $344; Kukui'ula Village 10 40; Kai Malu at Wailea (mostly sold) 25 7; Other 135 14; Total JV Development 1,170 $404",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eae104e4-d1d5-420e-976b-0776f215291a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.38,
        "x": 0.07,
        "y": 0.11
      },
      "kind": "title",
      "text": "JV Development Projects",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "310ff01f-d2c8-4b66-97a6-70e71acd4b94",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "4be3ddcf-72dc-4a3b-a188-6c0aabcee934",
      "evidence": "Table showing JV Development projects with multiple data points",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}