{
  "docId": "019dd923-622c-750b-8b9b-6417886b4e14",
  "docSlug": "cbadca66ab93",
  "documentTitle": "Burger King Worldwide Holdings (BKW)",
  "authorId": "01_Pershing_Square",
  "authorName": "Justice Holdings Ltd.",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-04-04 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.70665085,
  "pageNumber": 5,
  "pageCount": 9,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 12,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "data_table",
    "callout_box",
    "footnote",
    "logo_grid"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-6417886b4e14/5",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-6417886b4e14",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-6417886b4e14.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-6417886b4e14#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.55,
        "x": 0.275,
        "y": 0.765
      },
      "kind": "callout",
      "text": "3G's principal and executive partners and BKWH management will retain 70%+ equity ownership",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "70bf108c-2cce-4d05-8505-39d2099f2834",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.12,
        "x": 0.165,
        "y": 0.285
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aae0c4c6-95b8-4d4a-a4ef-b0960a9701a5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.55,
        "x": 0.275,
        "y": 0.68
      },
      "kind": "list",
      "text": "All Justice Founder Securities (Class B Shares) will be cancelled\nJustice Founder Shares (Class A Shares) reduced from 6.67% to 3.0%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1fb9e0ea-e5a7-4522-b5dd-0f143b788d49",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.55,
        "x": 0.275,
        "y": 0.285
      },
      "kind": "list",
      "text": "Justice Holdings will pay $1.4bn to partner with the owners of Burger King Holdings\nJustice Holdings and Burger King Holdings will dissolve and form a new publicly listed entity, Burger King Worldwide Holdings, Inc. (\"BKWH\")\nThe pro forma ownership of BKWH will be as follows:",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "90b8b96b-88f2-4bf9-aefc-c894335c2c3e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "pro forma ownership: 70.7%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-3f3c-7011-a9a2-bb0a8ec00c55",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.45,
        "x": 0.16,
        "y": 0.86
      },
      "kind": "source-note",
      "text": "(1) Excludes 0.15 ordinary shares issued to Non-Founder Directors and management options.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b8c3aa3b-d0b2-4021-903d-2ee85da60d4b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.22,
        "w": 0.35,
        "x": 0.37,
        "y": 0.44
      },
      "kind": "table",
      "text": "Justice Shareholders 90.1 25.7%\nJustice Class A Shares 10.4 3.0%\nJustice Class B Shares - -\n3G Capital & Management 247.4 70.7%\nBKWH Management Shares 2.0 0.6%\nBasic Shares 349.9 100.0%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "feb89223-dde6-47a9-84be-5bac498558ae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.168,
        "y": 0.205
      },
      "kind": "title",
      "text": "Transaction Overview",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "22655d87-c729-401f-a3aa-b1f25b3ec003",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "f6cb9b67-3162-488e-b13d-84474d330dd8",
      "evidence": "The slide contains a summary of key points, including a table with data.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 4,
      "beatId": "c70c5f3a-4aaa-48c6-b28c-a963e07a23ed",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "The Transaction Overview and Company Overview sections provide context for the situation.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}