{
  "docId": "019dd923-622c-750b-8b9c-659f02c39001",
  "docSlug": "c679d51619b7",
  "documentTitle": "Hyundai Motor Group",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-04-23 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.4444444,
  "pageNumber": 28,
  "pageCount": 43,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 3,
  "notes": "The chart highlights the persistent valuation gap between the target companies and the broader automotive peer group.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-659f02c39001/28",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-659f02c39001",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-659f02c39001.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-659f02c39001#slide-28",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.1,
        "x": 0.87,
        "y": 0.46
      },
      "kind": "callout",
      "text": "HMC Discount vs. peers: (26%) Kia Discount vs. peers: (73%)",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dc10580c-2914-456c-92a4-816460a60814",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.9,
        "x": 0.048,
        "y": 0.17
      },
      "kind": "chart",
      "text": "Forward EV/EBITDA time series chart",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7a057ed7-0477-423b-b733-a37fc35382c4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "EV/EBITDA: (73%)",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-2b65-734e-a989-f8ae255f6cc4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.048,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Source: Market data, company filings. Notes: 1. Forward EBITDA based on brokers' estimates. 2. Peers' average includes Toyota, Nissan, Daimler, BMW, Volkswagen, Renault, Peugeot, GM, Ford and Tata Motors.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "15fde9d6-2f8e-406c-9134-259013766f95",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.65,
        "x": 0.048,
        "y": 0.065
      },
      "kind": "title",
      "text": "HMC and Kia also trade at deep discounts to peers based on EV/EBITDA",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4c598062-5ee7-43f5-b5cb-3d4bbaae423d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "d847857d-ce28-4c9a-8309-8d82152ed1c5",
      "evidence": "HMC Discount vs. peers: (26%) Kia Discount vs. peers: (73%)",
      "confidence": 0.5
    },
    {
      "name": "Peer gap chart",
      "slug": "peer-gap",
      "agent": null,
      "layer": "slide",
      "matchId": "dccf33b0-0da9-42ef-ac3c-5ca20ae4d236",
      "evidence": "HMC and Kia trade at significant valuation discounts relative to their peer group",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "7d995f76-18c8-4608-8c59-776fb9b92dea",
      "evidence": "Comparing valuation multiples of target companies against a peer group average over time.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 43,
      "from": 21,
      "beatId": "76f4f614-bde7-41e0-bd19-ff79b941d356",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document presents the Accelerate Hyundai Proposals as a solution to unlock value",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 28,
      "from": 22,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "3a3036f0-09a2-40d1-b2e7-7a4bc4f6abce",
      "evidence": "The document presents the negative consequences of not implementing the Accelerate Hyundai Proposals",
      "position": 0,
      "objective": "Highlight the cost of inaction and the need for change",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}