{
  "docId": "019dd923-622c-750b-8b99-17900a3ad1c6",
  "docSlug": "4ee8cca82f1a",
  "documentTitle": "Oatly Group AB (OTLY)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-07-14 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 80,
  "pageCount": 124,
  "prevPage": 79,
  "nextPage": 81,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses regulatory documents (Form 3, Terracon diagrams) to undermine the company's claim of trade secret protection.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "screenshot",
    "process_diagram",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-17900a3ad1c6/80",
  "deckHref": "/decks/019dd923-622c-750b-8b99-17900a3ad1c6",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-17900a3ad1c6.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-17900a3ad1c6#slide-80",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.86,
        "x": 0.07,
        "y": 0.17
      },
      "kind": "callout",
      "text": "Warning: While Oatly claims its processes and know-how are proprietary and include trade secrets, we believe it has done little to try to protect sensitive information from becoming public. Spruce Point finds very detailed information about its newest production facility in Ogden, UT which reveals critical manufacturing assumptions and process diagrams.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ccb8ba76-d48b-4380-90c0-b0785726c2cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "While Oatly claims its processes and know-how are proprietary and include trade secrets, we believe it has done little to try to protect sensitive information from becoming public.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0397-72dc-a87d-2f3904cbc490",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.58,
        "w": 0.38,
        "x": 0.07,
        "y": 0.36
      },
      "kind": "image",
      "text": "Regulatory Form 3 document",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14013a7b-8270-4c86-896b-8bb115e8d870",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.58,
        "w": 0.47,
        "x": 0.46,
        "y": 0.36
      },
      "kind": "image",
      "text": "Terracon process diagrams",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "38ca3073-6b2a-4a6b-ac1d-b9774e4e9336",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.35,
        "x": 0.02,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: Utah Department of Environmental Quality Division of Air Quality",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "717e6909-d169-4a16-9692-f03142fa4eb4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.305,
        "y": 0.05
      },
      "kind": "title",
      "text": "Oatly's Production Process Now Exposed",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "445f6fe0-1425-4ba6-a3bf-4e16cba4dc05",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "e0330441-59d1-4ae5-8e25-190a44c34119",
      "evidence": "The slide explicitly frames the disclosure of 'proprietary' information as a contradiction to the company's claims, a classic activist short-seller tactic.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}