{
  "docId": "019de06f-33e9-734e-8093-4e2ac0b7b89e",
  "docSlug": "aa994d5d42fea8388d5180e5f56a8329",
  "documentTitle": "Activision Blizzard | Mergers and Acquisitions Presentation Deck | 28 slides",
  "authorId": "activision-blizzard",
  "authorName": null,
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2007-12-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3287197,
  "pageNumber": 24,
  "pageCount": 28,
  "prevPage": 23,
  "nextPage": 25,
  "slideType": "other",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 8,
  "notes": "The slide uses a simple causal diagram to link business growth and operational improvements to the projected 2009 financial metrics.",
  "elementsJson": null,
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019de06f-33e9-734e-8093-4e2ac0b7b89e/24",
  "deckHref": "/decks/019de06f-33e9-734e-8093-4e2ac0b7b89e",
  "deckJsonHref": "/decks/019de06f-33e9-734e-8093-4e2ac0b7b89e.json",
  "deckAnchorHref": "/decks/019de06f-33e9-734e-8093-4e2ac0b7b89e#slide-24",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.7,
        "x": 0.15,
        "y": 0.53
      },
      "kind": "diagram",
      "text": "Activision Blizzard business growth of 14% with 3-4 points of margin expansion over 2 years; Improve Sierra's operating performance by $160 million, delivering 3-4 margin points; Includes $50-$100 million in cost synergies",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "598d44d9-ab82-4414-bc5a-8917b1349090",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.75,
        "x": 0.13,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "*CY09 Projections are proforma non GAAP excluding equity-based compensation and impact of purchase price accounting",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5627da99-03a9-4a32-945a-4763ac5446ce",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.55,
        "x": 0.225,
        "y": 0.19
      },
      "kind": "table",
      "text": "Calendar 2009* Operating Margin 25%+ Revenue $4.3 Billion Operating Income $1.1 Billion EPS $1.20+",
      "attrs": null,
      "subkind": "kpi",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99c4f985-971a-4a4b-9319-5cf9d659d717",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.6,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Activision Blizzard Earnings Power",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a1ab8aa2-aa8a-4d8d-ad79-a0531837146e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "AIDA Model",
      "slug": "aida-model",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "19577fad-3b71-48e4-ab8f-9be39d62c639",
      "evidence": "Activision Blizzard Earnings Power",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 25,
      "from": 23,
      "beatId": "6457f5b0-579a-4d9e-b108-5b121fd6f070",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "slides 23-25 valuation and earnings power",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 25,
      "from": 24,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "84ab4aac-ddb0-4761-90f0-cc2bd564a112",
      "evidence": "slides 24-25 discuss earnings power and valuation",
      "position": 1,
      "objective": "Cost of inaction for not pursuing the merger",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.5,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}