{
  "docId": "019dd923-622c-750b-8b9b-b1168ab6bd8a",
  "docSlug": "ddfbb08119f4",
  "documentTitle": "Multiple holdings (Pershing Square portfolio)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-04-26 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 31,
  "pageCount": 82,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The slide uses a simple list-based structure to compare historical results against forward-looking guidance.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-b1168ab6bd8a/31",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-b1168ab6bd8a",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-b1168ab6bd8a.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-b1168ab6bd8a#slide-31",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.07,
        "y": 0.66
      },
      "kind": "list",
      "text": "2016 Guidance: Adj. EPS $1.76; Revenue: ~$4.7bn (7% FX Adj. Organic growth); Adj. EBIT Margin: ~31%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "10774cf1-4e1a-4ca1-8e68-4b40da8fb51b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.07,
        "y": 0.82
      },
      "kind": "list",
      "text": "2017 Guidance: Adj. EPS $2.25; Revenue: ~$5.1bn (7% FX Adj. Organic growth); Adj. EBIT Margin: ~34%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6edc62e6-d9f7-47cc-8c40-0d82e128a30a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.07,
        "y": 0.44
      },
      "kind": "list",
      "text": "2015 Performance: Adj. EPS $1.77; Revenue: ~$4.8bn (~6% FX Adj. Organic growth); Adj. EBIT Margin: 28%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9c0e0c73-c25c-4940-a8fe-2494d56bf6d0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.07,
        "y": 0.28
      },
      "kind": "list",
      "text": "2014 Performance: Adj. EPS $1.57; Revenue: ~$4.8bn; Adj. EBIT Margin: 25%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aba791dc-b8f2-460b-8ba5-dddf8b152be8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Adj. EBIT Margin: 34%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-78b4-70ad-b39b-f234948e4e06",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.07,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "1Midpoint of revenue, organic growth, and Adj. EPS guidance. 2Excludes effects of cost structure initiative and impact of Venezuela devaluation",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99f5a25a-0a11-4a4e-8d3e-77c982199aae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.04,
        "y": 0.08
      },
      "kind": "title",
      "text": "Operational Performance and Guidance",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "29e1e1f6-9327-4239-b1ff-9ed05c45e3c5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 26,
      "beatId": "b77d707e-02bd-4f14-869f-50d0466fd310",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The presentation provides evidence of progress and growth for some portfolio companies, such as Air Products and Restaurant Brands International.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 40,
      "from": 26,
      "name": "Before After",
      "slug": "21-before-after",
      "bestFor": "Product demos, process improvements, ROI justification",
      "matchId": "e7286e42-bc06-46ec-9340-86efa687f5a1",
      "evidence": "The presentation provides before-and-after comparisons for some portfolio companies.",
      "position": 2,
      "objective": "What are the results of our actions?",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
      "confidence": 0.7,
      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}