{
  "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": 34,
  "pageCount": 43,
  "prevPage": 33,
  "nextPage": 35,
  "slideType": "propose_solution",
  "function": "propose_solution",
  "density": "dense",
  "nDataPoints": 14,
  "notes": "The slide outlines a hypothetical restructuring step involving a merger ratio of 1:1.52.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "process_diagram",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-659f02c39001/34",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-659f02c39001",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-659f02c39001.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-659f02c39001#slide-34",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We anticipate margin uplift by 27% on a pro forma forward basis, resulting in estimated operating margin of 6.7%",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-2b65-734e-a98a-9e50efdf8d1c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.8,
        "x": 0.1,
        "y": 0.3
      },
      "kind": "diagram",
      "text": "Organizational structure showing Founding Family, Hyundai Mergeco (HMC + Mobis), Kia, and subsidiaries.",
      "attrs": null,
      "subkind": "org-chart",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "af0eb8ba-0320-46fe-b31b-b18ff9c4ff58",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.048,
        "y": 0.13
      },
      "kind": "list",
      "text": "The transaction creates the 7th largest automotive company by total assets with highly profitable after-sales services business in keeping with global peers. We anticipate margin uplift by 27% on a pro forma forward basis, resulting in estimated operating margin of 6.7%. For the purpose of illustrating the merger between Mobis and HMC, we assume: A theoretical merger ratio of 1 : 1.52 for HMC to Mobis based on current share prices of HMC and Mobis",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "de6d1c00-7988-4775-83fd-bab6a0ea4deb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "operating margin: 6.7%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-2b65-734e-a98a-a0ff4fc384ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.048,
        "y": 0.83
      },
      "kind": "source-note",
      "text": "Source: Company filings. Notes: These holding structures and percentage equity interests held by shareholders post each stage are being provided for illustrative purposes only.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "63ad8d02-cc5a-46b0-b42a-5dd71aaf5614",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.69,
        "x": 0.048,
        "y": 0.06
      },
      "kind": "title",
      "text": "Step I. Merger between Mobis and HMC to form \"Hyundai Mergeco\"",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "02faf3d7-6fbc-43dc-a8d1-7a4304806cc4",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "org-chart",
      "slug": null,
      "matchId": "6a64e011-b02a-4068-9083-a754d57e7167",
      "evidence": "Visual representation of corporate hierarchy and ownership stakes.",
      "confidence": 1
    }
  ],
  "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": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}